Johnson Matthey Share Discussion Threads

[caradog] 27/11/2019 13:51

We've had a slew of reductions in TP:

BARCLAYS CUTS JOHNSON MATTHEY TARGET TO 3330 (3790) PENCE - 'EQUAL WEIGHT'

LIBERUM CUTS JOHNSON MATTHEY PRICE TARGET TO 3500 (4400) PENCE - 'BUY'

BERENBERG CUTS JOHNSON MATTHEY PRICE TARGET TO 3600 (3750) PENCE - 'BUY'

I think a saw a couple of earlier ones that reduced the TP by about £1 a share to around 3500-3600. Even though the Liberum reduction is fairly dramatic, all TPs are substantially higher than the current price. I expect these predictions will all be revised upwards again if JMAT succeeds in living up to the promises in the trading update. We shall see in February.

Broker recommendations are most useful in predicting the past.

[philanderer] 27/11/2019 08:26

27th nov Liberum 'buy' tp 3500p cut from 4400p

[philanderer] 26/11/2019 12:45

Have added a few this morning as well.

[philanderer] 26/11/2019 10:47

Berenberg: Johnson Matthey heading for inflection point


Investors shouldn’t place chemicals company Johnson Matthey (JMAT) in the ‘wait and see’ category as it is heading for an inflection point, says Berenberg.

Analyst Sebastian Bray retained his ‘buy’ recommendation and target price of £36 on the shares, which rose 2.8% to £29.26 yesterday.

The shares have drifted from £32 after last week’s inline earnings sparked fears around working capital and net debt.

‘The temptation for potential investors in Johnson Matthey is to put shares back in the “interesting but let’s wait and see first” category,’ said Bray.

‘The inflection in growth earnings back towards the high single-digit level we forecast for next year suggests it would be premature to abandon hope of momentum accelerating in the next few months.’

[puffintickler] 26/11/2019 08:30

Indeed, bought a bit more yesterday with all my spare cash.

[our haven] 25/11/2019 15:26

Very good sign Puffintickler and see the price go north today. Sure that we will continue to see it climbing from here.

[puffintickler] 25/11/2019 13:13

Some serious director buys, that's a good sign.

[our haven] 21/11/2019 12:02

Nobody likes surprises so the hit due to the clean air problem will send the shares tumbling today. However expect a recovery in the coming months as figures in line with expectations elsewhere.

[luderitz] 17/7/2019 08:16

Johnson Matthey kept full year guidance unchanged but indicated that its performance will be more heavily weighted to the second half after its first quarter sales remained flat, with growth from its clean air division offset by lower sales from efficient natural resources (ENR) and health. Mid to high single digit growth continues to be anticipated as the specialty chemicals company targets improved efficiency and performance from ENR.

[philanderer] 05/6/2019 11:56

5th june HSBC 'buy' tp 3750p up from 3650p

[bradbury3559] 05/6/2019 11:31

Come join the party #BBSN

[macarre] 30/5/2019 08:49

Foreign exchange movement likely to impact sales and profit?

[gateside] 30/5/2019 08:41

Good results.Not sure why this is falling.Wonder what the Market doesn't like?

[sarkasm] 30/3/2019 19:51

Technical analysis trends

Short Term Mid-Term Long Term

Trend Neutral Bullish Neutral

Resistance 3 226 3 226 3 788

Spread/Res. -2,6% -2,6% -17%

Spread/Supp. 2,3% 6,4% 17%

Support 3 070 2 954 2 682

[sarkasm] 30/3/2019 19:49

Delayed London Stock Exchange - 03/29 04:35:04 pm
3142 GBp -1.35%

[sarkasm] 30/3/2019 19:41

Deutsche Bank Buy 3,700.00 - Reiterates


UBS Sell 2,750.00 - Unchanged


WHAT A DIFFERENCE BETWEEN THESE TWO

[our haven] 28/3/2019 08:46

Thanks Luderitz for highlighting this, it shows JM's commitment.The securing of a ten year supply very impressive.

[luderitz] 28/3/2019 07:58

Johnson Matthey said it has secured the site for a factory and a 10-year supply of lithium to enable the chemicals group to meet customers' future commercial requirements for its new eLNO electric battery cathode materials. The FTSE 100 group has secured a site in Konin, central Poland, where it will construct a commercial plant with the aim of beginning production in 2021/22.

[philanderer] 08/2/2019 18:21

Johnson Matthey (JMAT) fell 1.5% to £29.56 after its rival maker of catalysts for cars, Umicore (UMI.BR), warned of slowing demand in China.

citywire.co.uk

[philanderer] 03/2/2019 16:51

Questor: far-sighted investors should plug into Johnson Matthey’s futuristic batteries now

[minerve] 21/11/2018 16:52

Liberum Capital Reiterates Buy

[minerve] 21/11/2018 16:50

Citi:

These are a robust set of results showing that the share gains in LDV diesel are able to drive material EPS growth, together with HDD. We think these results imply modest (0-5%) consensus upgrades. We expect the business to recover most of the one-time item hampering working capital and therefore FCF in the half. In clarification, JMAT has detailed further its contingent liabilities which relate to only 2 customers and notes the failures have not been demonstrated to be due to the coated substrate supplied by JMAT. JMAT believes it has defensible warranty positions in the matter, highlighting that any impact should be limited. With tighter emissions legislation in both HDD & LDV providing a positive backdrop for growth both near-term and medium-term in addition to their potential in cathode materials, we think the current share price continues to under-estimate the growth potential of the business– BUY.