Johnson Matthey Share Discussion Threads

[loftus16] 31/1/2018 23:16

Nice to see it evolving. I originally invested because of the promise catalytic converters held quite some years ago.

[minerve] 31/1/2018 18:15

It will be interesting to read further into the divestment announced today and what implications it has for the company going forward. Share acted positively to the announcement. I like the diversification this share offers to my portfolio.

[luderitz] 31/1/2018 18:03

Certainly been on the up over the last month and on today's new.

[9degrees] 30/12/2017 20:45

Tipped in Times today as New year tip

[minerve] 22/9/2017 09:12

Who knows? LOL

I am only relaying what I read in the FT.

[edmondj] 22/9/2017 09:08

No price-sensitive information was disclosed then!

[minerve] 22/9/2017 08:45

Apparently, at the capital markets day, JM are pledging to invest £200M in EV battery technology. They have developed a cobalt-free battery which has produced good results with car manufacturers/suppliers. Apparently cobalt is a very small market susceptible to large price swings so its omission is attractive to OEMs.

This may start to put us on a share price track like their competitor Umicore whose shares have apparently risen by more than 25% this year.

[loftus16] 22/9/2017 08:35

Nice further bagger over past 24 hours!

[city chappy] 22/9/2017 08:29

Good rise recently. The strategy is working.

[minerve] 22/9/2017 08:22

Must have been a good capital markets day yesterday.

[luderitz] 21/9/2017 13:05

I haven't read the statement but the share price is up 12%!

[loftus16] 21/9/2017 09:14

Likewise. Average cost 549p.

[minerve] 21/9/2017 07:14

With reference to their capital markets day statement I am happy to hold and at the moment considering adding to my position.

[bolador] 22/8/2017 08:16

Minerve, thanks for the update.

[minerve] 18/8/2017 12:09

From FT:

Johnson Matthey was a gainer on Thursday as precious metals companies outperformed a weak London market.

Bernstein Research turned positive on Matthey, saying risks around a phase-out of diesel cars in Europe had been ”blown out of proportion”.

Auto catalysts contribute more than 60 per cent of the platinum processor’s earnings, with European sales of light diesel vehicles making up nearly a third of the divisional sales.

“The European Commission does not have an interest in the rapid collapse of diesel,” argued Bernstein.

It was encouraged by a moderate tone from politicians and “anti-diesel advocates” including Elzbieta Bienkowska, the EU Industry Commissioner, who said last month that diesel bans would “deprive the industry of necessary funds to invest in zero-emissions vehicles”.

Bernstein’s £36 target on Matthey was based on diesel accounting for 25 per cent of European car sales by 2025, down from 38 per cent in 2020. But even if the diesel car market disappeared entirely, Matthey’s terminal value would still be around £29 a share, it calculated.

[bolador] 17/8/2017 08:08

17/08/17
It seems Bernstein raise to overweight, GBP36.00

[broadwood] 28/7/2017 06:05

Our guidance for year ended 31(st) March 2018 is unchanged. We have momentum in sales and expect to build on this through the second quarter and into the second half to deliver our full year guidance. Our move to four sectors has improved our focus on the key growth trends and we remain confident that through inspiring science and enhancing life, Johnson Matthey will create value."

[broadwood] 26/7/2017 10:59

Barclays Capital
Johnson Matthey PLC
26/07/2017
Upgrades
Equal weight
Overweight
2
3,380.00
3,450.00
2,870.00
70
2

[broadwood] 02/2/2017 07:37

Johnson Matthey's third quarter sales rose to £876m - up 19% at actual rates and up 2% at constant rates.

And it said underlying profit before tax was ahead of last year at constant rates.

The group confirmed the full year outlook and expected performance to be slightly ahead of last year for continuing businesses at constant rates.

A trading statement said: "Trading for the group in the third quarter was in line with our expectations.

"Sales of £876 million were 2% up on last year supported by good demand across many of our markets.

"First half trends in ECT continued in Q3, with good growth in Europe and Asia. As expected, Process Technologies benefited from a stronger order book and Precious Metal Products' sales grew well due to improved demand and more favourable average precious metal prices.

"Fine Chemicals was impacted by lower sales in North America, particularly of active pharmaceutical ingredients (APIs) for attention deficit hyperactivity disorder (ADHD) treatments, although these should improve in Q4. New Businesses had a weaker quarter, partly as a result of phasing of orders in Battery Technologies.

"The group's underlying profit before tax was ahead of last year and our outlook for the full year remains unchanged."

[hastings] 21/6/2016 11:34

hxxp://www.cambridge-news.co.uk/johnson-matthey-creating-batteries-for-electric-cars-of-the-future/story-29425700-detail/story.html