Johnson Matthey Share Discussion Threads

[philanderer] 04/6/2021 11:12

Bit of detail..

'Nano One and Johnson Matthey enter into a Joint Development Agreement for lithium-ion battery materials'

[philanderer] 04/6/2021 00:36

Here you go...


Market report:

A bright spot came from Johnson Matthey after the speciality chemicals firm was the subject of a big upgrade from analysts at Jefferies.

They believe the shares are worth 4200p, arguing that the market has been too sceptical about the earnings outlook in clean air and the company’s exposure to energy transition materials. Shares jumped 2.3 per cent, or 71p to 3143p.

[philanderer] 03/6/2021 10:31

JEFFERIES RAISES JOHNSON MATTHEY PRICE TARGET TO 4,200 (4,100) PENCE - 'BUY'

[philanderer] 28/5/2021 14:35

Investors Chronicle:

'Johnson Matthey still on ICE'

Turning a ship takes a long time, and catalytic converter and PGM specialist Johnson Matthey will be hoping internal combustion engine cars stick around for a while longer

IC TIP:
Buy at 3,028p

[philanderer] 28/5/2021 10:26

Johnson Matthey revving up for a stronger year


Johnson Matthey (JMAT) may have reported a 5% slide in sales to £3.9bn but the specialist chemicals group is ‘revving up for a stronger year ahead’, says Hargreaves Lansdown.

The fall was in line with expectations after a tough first half due to Covid-19, but the board still proposed a final dividend of 50%, bringing the total for the year to 70p. That was 26% ahead of last year although still below pre-pandemic levels.

Analyst Laura Hoy said it had not been ‘a pretty year’ but the ‘catalytic converter powerhouse kept the pedal to the metal with efforts to pivot towards electric vehicles and the green revolution’.

The phasing out of traditional combustion engines ‘will leave Johnson Matthey in the dust if [it] can’t cement its place in the battery supply chain over the next decade’, she added, though this still looks a big ask.

Hoy commented: ‘Still, management is doing everything right. It’s trimmed the fat in “clean air”, where it makes catalytic converters and the bulk of its income.

‘The cash from this segment will be funnelled through to the rest of the group’s more promising future growth avenues, like its eLNO battery materials and hydrogen technologies.’

The shares closed down 3.6%, or 112p, at £30.38 on Thursday.

[philanderer] 27/5/2021 14:19

Happy to see it hold above 3000p


Hargreaves Lansdown:

Investors should remember that while hydrogen and electric vehicles may sound exciting the entire New Markets division makes up just 3.5% of total revenue. It's going to take a lot of time and money before it will become a suitable replacement for converter revenues. Luckily for JMAT, the transition to EVs won't happen overnight. But the writing's on the wall, so the group has no choice but to throw every last pound at expanding a somewhat unproven business.

To the group's credit, the balance sheet is in reasonable shape, with net debt below the target range. That means we have no immediate concerns over the group's ability to keep ticking over.

We're encouraged by JMAT's commitment to its pivot and management's handling of the pandemic can't be knocked. But that doesn't change the fact that the group is still somewhat in limbo. We think the bumpy road associated with such a massive about turn has been somewhat overlooked, and struggle to be excited by the group's current proposition.

[thamestrader] 27/5/2021 11:44

Quite a roller coaster today. Any guesses as to where it might settle?
My money's on somewhere about here. Getting my blankety-blank chequebook and pen ready.

[philanderer] 27/5/2021 01:02

For Johnson Matthey's second half numbers, UBS analyst Andrew Stott is forecasting sales of £2.47bn for earnings before interest and taxes of £358m (consensus: £343m).

To take note of, guidance from the firm issued on 8 April already implied EBIT of £351m, the analyst said.

At the time, the company also guided towards net debt "below £850m".

In particular, Stott said that the "more influential" comments of the day would be around any guidance for the firm's Clean Air division and any update on its battery materials project.

For the 2022 financial year, the analyst had penciled in EBIT of £582m versus the consensus on £600m.

Consensus had pegged the budget for capital expenditures for the year ahead at £486m and for FY2023 at £474m.

In the same research note sent to clients, Stott reminded them that the Swiss broker had a 'sell' recommendation on the stock due to the long-term risks to its return on capital employed as it shifted away from the ICE-related technologies - with sales from hydrogen likely to be loaded towards the latter half of the 2020s.


[...]

[skinny] 26/5/2021 13:32

A bit more PR :-

[philanderer] 26/5/2021 10:03

Like it :-)

[zeppo] 26/5/2021 08:06

RNS today:

'26 May 2021 7:00 am

Factsheet Johnson Matthey PLC (JMAT) Johnson Matthey and Plug Power green hydrogen MoU'

[pmount] 25/5/2021 13:51

Quality long, hold.

ftse100 so 10% of portfolio 50k @2150 sell @4200 within 12 months.

[philanderer] 24/5/2021 11:02

'Britain’s electric car charging network to get £300m boost'

Ofgem to build infrastructure for 3,550 new ultra-rapid charging points on motorways and in towns

[mayers] 21/5/2021 15:27

Full year results next Thursday 27 May I believe.

[philanderer] 19/5/2021 01:03

'South African platinum rebound to push market into surplus, says Johnson Matthey'


A wall of platinum production from South Africa coming back online following covid-19 disruptions is expected to offset demand growth this year and push the market into surplus territory, new data released by PGMs (platinum group metals) specialist Johnson Matthey shows.


A 27% gain in autocatalyst demand, according to estimates published in the latest PGM Market Report, is not enough to stem the impact of a 40% rebound in output from South Africa as covid disruptions subside, and treatment backlogs at processing outages in 2020 are resolved.


The backlog entails about one million oz. of PGMs that accumulated during processing plant interruptions last year.

[pmount] 12/5/2021 20:52

50% up on my December 2020 tip and more to come

[philanderer] 11/5/2021 01:10

Johnson Matthey has opened its new state-of-the-art Battery Technology Centre near Oxford, enabling it to drive rapid improvements in battery performance and sustainable, secure value chains. The global leader in sustainable technologies also announced a further strategic development in the commercialisation of eLNO®, its portfolio of nickel-rich advanced cathode materials.


[...]

[zeppo] 03/5/2021 11:45

Spokespersons from JMAT, CWR and ITM

parliamentlive.tv
Search domain parliamentlive.tvhxxps://parliamentlive.tv/Event/Index/10d462bb-c0f6-41ab-8548-b20614d04388

[philanderer] 30/4/2021 10:34

HSBC RAISES JOHNSON MATTHEY TO 'BUY' ('HOLD') - TARGET 3,750 (2,850) PENCE