Johnson Matthey Share Discussion Threads

[philanderer] 14/7/2020 10:12

BERNSTEIN RAISES JOHNSON MATTHEY TARGET TO 3500 (3400) PENCE - 'OUTPERFORM'

[pmount] 28/6/2020 15:08

Recovering strongly as quality companies do after a whole market fall.

[pmount] 25/6/2020 17:33

conservative move preserving cash with dividend cut in these times. recovery is ongoing and will be quick. Half a divi is better than none which a lot of comany's face.

[philanderer] 25/6/2020 12:41

Johnson Matthey fell 2.3% after London Stock Exchange Group poached the chemicals company's chief financial officer, Anna Manz.

Manz departs after close to four years, stepping down November 20 - the day after Johnson Matthey's interim results publication. The search for her successor has begun.

Alliance News

[philanderer] 23/6/2020 10:01

HSBC RAISES JOHNSON MATTHEY PRICE TARGET TO 2050 (1850) PENCE - 'HOLD'

[philanderer] 18/6/2020 00:42

Johnson Matthey secures first licensed methanol plant in Russia

[philanderer] 17/6/2020 18:27

xd tomorrow for the 31p dividend

[philanderer] 16/6/2020 10:01

Johnson Matthey isn’t a value trap, says Berenberg


The argument that chemicals specialist Johnson Matthey (JMAT) is a ‘value trap’ was weakened by its full-year results, says Berenberg.

Analyst Sebastian Bray retained his ‘buy’ recommendation and increased his target price from £24 to £27. The shares were trading at £20.89 yesterday.

‘The market’s lacklustre reaction to Johnson Matthey’s full-year 2020 was both difficult to understand and likely to be short-lived,’ he said.

Bray said debt was lower than expected while earnings were broadly in line.

‘The hitherto successful bear case has been to cry “value trap” and highlight headwinds from the automotive cycle, higher working capital, and failure to become competitive in new technologies...yet all of these arguments emerged weakened,’ he said.

[philanderer] 15/6/2020 09:57

BERENBERG RAISES JOHNSON MATTHEY PRICE TARGET TO 2700 (2400) PENCE - 'BUY'

UBS RAISES JOHNSON MATTHEY PRICE TARGET TO 1800 (1700) PENCE - 'SELL'

[philanderer] 12/6/2020 10:12

Deutsche downgrades from 'buy' to 'hold'... tp 2200p down from 2700p

[philanderer] 11/6/2020 23:54

Adam Collins, analyst at investment bank Liberum, said he expected the contraction in global car production to be “deeper and longer” than during the financial crisis.

“We are also concerned that the impetus of rising palladium and rhodium loadings per car seen in 2018 and 2019 may have largely run its course.”

[bolo25] 11/6/2020 13:16

Thoughts on JMAT here:

[our haven] 11/6/2020 11:19

In the context of the market, it is currently up!Always sad to hear of jobs to go but was to be expected as was the cut to dividend. They have not abandoned their progressive dividend policy however.

[philanderer] 11/6/2020 09:16

Dividend cut in half.... 2,500 jobs to go.

[pmount] 07/6/2020 20:34

easy money buy quality like Matthey. More money going in monday looking for 50% recovery.

[philanderer] 06/6/2020 00:35

Results next thursday..

Johnson Matthey – Nicholas Hyett, Equity Analyst

Automotive catalysts accounted for some 64% of Johnson Matthey’s operating profits last year. And while results for the last full year, which ended on 31 March, should have avoided the worst effects of lockdowns, the more recent impact will be severe.

Car sales have collapsed around the world and most of the Clean Air division’s manufacturing plants are shut. While the group’s cost base is relatively flexible, which should help to limit losses, even the best management team can’t deliver profits without any sales.

Access to around £1bn of short term liquidity should help the group weather the immediate disruption – and underpins the commitment not to furlough staff or make redundancies until June 2020. However, our real concern is what current disruption does to longer term demand.

Car sales are cyclical, meaning they rise and fall with the wider economy. It increasingly feels like, regardless of the speed lockdowns come to an end, a nasty recession is on the way. Given the likelihood that electric cars, which don’t need catalysts, ultimately replace traditional fuels anything that pushes demand out into future years is very unwelcome.

The fledgling battery materials business is also worth paying attention to. It’s loss making at present, but given the importance of achieving scale in time for any shift away from conventional fuels, disruption to progress could be costly in the future.

[philanderer] 03/6/2020 11:25

JP Morgan upgrading to 'buy'

[philanderer] 01/6/2020 13:49

Liberum downgrade 'buy' to 'hold' ... tp 2100p cut from 3500p

[mayers] 30/5/2020 14:58

I am unclear as to the likely cause of the substantial shareprice fall yesterday seeing that the provisional annual financial report has been delayed from the 28 May to the 11 Jun. Would appreciate any illumination.

[philanderer] 28/5/2020 10:15

Johnson Matthey donates space to make ventilators

[pmount] 21/5/2020 20:42

deserves to be up more than 16% in a month, go for quality. The dividend will only go if forced by Boris otherwise its safe

[gateside] 05/5/2020 07:21

Agree. Think they are just laying the foundations for a poor update and a cancelled dividend for the results due on 28th May

[mr macgregor] 22/4/2020 07:47

That RNS is just PR guff. We don't need to be told the directors are doing what they ought to be doing. It goes without saying. A bearish RNS imo.

[our haven] 17/4/2020 17:58

Only risen 16% hillfoot7 since you said to stay clear.

[plat hunter] 17/4/2020 10:37

People don't buy new cars anyway.. It's all lease and PCP.People merely upgrade their new car, much like they do with their phone. Besides Cat converters is only a tiny part of JMAT's operations.