Johnson Matthey Share Discussion Threads

[minerve] 21/9/2017 08:14

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 09:16

Minerve, thanks for the update.

[minerve] 18/8/2017 13:09

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 09:08

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

[broadwood] 28/7/2017 07:05

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 11:59

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 12:34

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

[broadwood] 03/6/2016 07:24

Deutsche Bank Johnson Matthey PLC 03/06/2016
Reiterates
Buy Buy
0
3,400.00 3,450.00 2,995.00
50

2

[broadwood] 02/6/2016 15:23

Strewth - taking off now.

[broadwood] 02/6/2016 08:51

A £141m impairment and restructuring charge hit pre-tax profits at chemicals and sustainable technology group Johnson Matthey, which fell to £386.3m from £495m in a "difficult macroeconomic environment".
Pre-tax profits also include the benefit of the £130m profit on the sale of Research Chemicals. Revenue were up 6% at constant exchange rates to £10.7bn. Basic earnings per share were 166.2p.

The board is recommending a 5% increase in the total dividend for the year, reflecting its confidence in the group's long term performance. This comprises a final dividend of 52.0p, making a total of 71.5p.

The company added that If current exchange rates are maintained throughout 2016/17, foreign currency translation will have a positive impact of approximately £15m on underlying operating profit, primarily due to sterling's weakness against the US dollar and the euro.

"The structural drivers for the group's technologies remain robust despite the challenging macroeconomic conditions which are expected to continue in 2016/17. Increased investment in R&D and capex, together with the restructuring actions taken in 2015/16, provide strong foundations for future growth," the company said.

"In 2016/17 the group will benefit from progress in fine chemicals and new businesses. Emission control technologies' performance for the year as a whole is expected to be slightly ahead and, whilst market conditions in process technologies remain challenging, its performance should improve as a result of the reduced cost base."

"At current platinum group metal prices, performance in precious metal products is expected to be slightly lower. Overall, at current exchange rates, we expect the group's performance in 2016/17 to be ahead of 2015/16, in line with current market expectations."

The company said its emissions control technologies unit had another strong year, benefiting from the full implementation of Euro 6b legislation in Europe and light duty vehicle market growth in Asia and North America, although the reduction in demand for Class 8 trucks in our second half impacted heavy duty diesel catalyst sales in North America.

Process technologies had a challenging year with the slowdown in activity in the chemicals sector and the sustained low oil price impacting the division's performance.

In precious metal products, conditions were also been difficult due to the lower average platinum group metal prices which were around 25% down on last year.

"In fine chemicals, there was steady demand in active pharmaceutical ingredient manufacturing and good progress in catalysis and chiral technologies. However, the division's performance was held back as a result of a safety shutdown in the US following a fatal accident in the first half. New businesses made good progress with strong sales growth in battery materials and a positive contribution from atmosphere control technologies," Johnson Matthey

[broadwood] 02/6/2016 08:15

Market likes the 'matches our expectations.

[broadwood] 03/2/2016 07:40

Macroeconomic factors, particularly the low oil price, economic slowdown in China and lower pgm prices, meant that our markets in Process Technologies and Precious Metal Products remained challenging in the third quarter and we expect these to continue for the remainder of the financial year. However, the group expects to deliver a strong final quarter, in line with our normal seasonality and benefiting from the previously announced restructuring actions. Underlying performance for the continuing businesses(2) in the second half is currently anticipated to be slightly ahead of the first half. The full year outlook for the group is in line with current market expectations

[typo56] 11/1/2016 10:22

Because the share has changed and your slack broker isn't up to speed with this. As a result of the 17 for 18 consolidation the nominal value and ISIN number of JMAT have changed.

[deanroberthunt] 11/1/2016 08:15

why is this shown as 0.00 GBP in my dealing account, and saying this instrument cannot be traded?

[typo56] 07/1/2016 13:46

I'd say so. From RNS of 25 Nov:

"Existing Ordinary Shares marked ex-entitlement to the Special Dividend - 11th January 2016"

[deanroberthunt] 06/1/2016 09:34

If I buy this stock before the 11th Jan do I receive the special dividend of 150p/share ? ...I'm sure I do, but just wanna check

[maloneyt] 18/12/2015 11:21

I am thinking of buying some of these. Is it the right time to buy, I wonder, and if so will the share price drop by almost £1.70 on the ex dates in January

[corlis] 03/12/2015 14:24

I just bought into this elite club at 2,715

[broadwood] 03/12/2015 08:52

JOHNSON MATTHEY PLC

EX-DIVIDEND DATES AND RECORD DATE

Following yesterday's announcement relating to the publication of a circular
(the "Circular") which sets out details of a proposed Special Dividend and
associated Share Consolidation and which convenes a general meeting for
Wednesday 16th December 2015 at 11.00 am, for ease of reference Johnson Matthey
Plc sets out below the ex-dividend and record dates which will apply to the
forthcoming Interim Dividend and, subject to shareholder approval, the Special
Dividend, as stated in the Circular:

* Existing Ordinary Shares marked ex-entitlement to the Interim Dividend -
7th January 2016

* Record date for entitlement to the Interim Dividend, the Special Dividend
and for the Share Consolidation - 6.00 pm on 8th January 2016

* Existing Ordinary Shares marked ex-entitlement to the Special Dividend -
11th January 2016

[luckymouse] 26/11/2015 12:28

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