Johnson Matthey Share Discussion Threads

[gateside] 11/11/2021 08:34

Almost bought back in last week.Thank goodness I didn't!

[skinny] 11/11/2021 08:34

I'm not invested here yet, but words such as these are refreshing!

"While the testing of our eLNO battery materials with customers is going well, the marketplace is rapidly evolving with increasing commoditisation and lower returns. We have concluded that we will not achieve the returns necessary to justify further investment.

"This decision will allow us to accelerate our investment and focus on more attractive growth areas, especially where we have leadership positions such as in hydrogen technologies, circularity and the decarbonisation of the chemicals value chain."

[officerdigby] 11/11/2021 08:30

LOL.! Yeah probably.Just removing some one legacy stuff from previous management.No biggy! PMSL

[blue59] 11/11/2021 08:22

This morning’s news SHOULD have seen the share price rise!!

[philanderer] 11/11/2021 00:03

Northern Petrochemical Corporation selects KBR and Johnson Matthey Ammonia-Methanol Co-Production Technology

[philanderer] 30/10/2021 00:05

Skinny, many thanks for that.

[skinny] 29/10/2021 16:20

This maybe of interest :-

[philanderer] 24/10/2021 09:52

Five shares you can buy to hitch a ride on the EV boom

As Cop26 nears, Katie Tarrant roots out five innovative ways for retail investors to play the coming boom in demand for electric vehicles

[philanderer] 19/10/2021 13:35

Agree pmount.


Johnson Matthey’s nickel-rich eLNO battery material debuts at COP26

[pmount] 14/10/2021 19:44

Return to 32 quid in the bag on continued recovery. Pgms needed for everything high tech.

[philanderer] 14/10/2021 14:40

Jefferies downgraded Johnson Matthey to ‘underperform’ from ‘buy’ on Thursday and cut the price target to 2,300p from 4,200p, saying it expects the shares to underperform as the company's automotive catalyst business remains weak.

The bank said earnings growth from battery cathode materials and hydrogen will fail to compensate for this.

"We are around 4% below consensus for the next three years, which we believe do not full reflect the delay/downgrade to the auto recovery," it said.

Jefferies noted that the stock trades on 7x EV/EBITDA, which is a 28% discount to peers. "However, we prefer non-technically disrupted cyclicals such as buy-rated BASF trading at a 5% discount to JMAT," it said.

Sharecast

[philanderer] 14/10/2021 10:37

Jeez, how wrong were they on their last effort ??


JEFFERIES CUTS JOHNSON MATTHEY TO 'UNDERPERFORM' (BUY) - PRICE TARGET 2,300 (4,200) PENCE

[philanderer] 13/10/2021 14:00

BERENBERG CUTS JOHNSON MATTHEY PRICE TARGET TO 3,600 (3,800) PENCE - 'BUY'

UBS CUTS JOHNSON MATTHEY PRICE TARGET TO 2,500 (2,700) PENCE - 'SELL

[philanderer] 05/10/2021 10:58

JPMORGAN CUTS JOHNSON MATTHEY PRICE TARGET TO 2,900 (2,950) PENCE - 'NEUTRAL'

LIBERUM CUTS JOHNSON MATTHEY PRICE TARGET TO 2,910 (3,150) PENCE - 'HOLD'

[philanderer] 04/10/2021 11:30

DEUTSCHE BANK CUTS JOHNSON MATTHEY PRICE TARGET TO 3,000 (3,300) PENCE - 'HOLD

[philanderer] 28/9/2021 13:07

FWIW - TMF

Johnson Matthey (LSE: JMAT) may have its history in chemicals and heavier industry, but it’s transitioning to focus on developing technologies to help store and develop renewable energy. It’s currently constructing a new factory in Poland to manufacture components for electric vehicle batteries.

Beyond that, it’s also working to develop green hydrogen, an area of intense scientific and government focus. It’s believed that green hydrogen, once commercially viable, could have huge potential. If Johnson Matthey could be at the front of the pack in developing green hydrogen, the rewards currently are incalculable but could be huge. The company also has 15 blue hydrogen (using fossil fuels to create the hydrogen) projects in its pipeline globally.

I see Johnson Matthey as a company with a strong focus on becoming a renewable energy stock. I believe that if it’s successful, it could command a higher rating and the share price, as a result, could be much higher. But for now, I’ll watch its progress with interest before I add any to my portfolio.

[philanderer] 20/9/2021 10:30

BARCLAYS CUTS JOHNSON MATTHEY PRICE TARGET TO 2,510 (2,640) PENCE - 'UNDERWEIGHT'

[philanderer] 16/9/2021 00:50

Johnson Matthey (JM), a global leader in sustainable technologies, has announced that it’s Green Hydrogen and Fuel Cells entities are coming together under a new Hydrogen Technologies business.

The new combined business unit will accelerate JM’s growth and scale-up in both markets, taking advantage of technical and manufacturing synergies, and building on JM’s decades of experience developing and manufacturing market-leading fuel cell components.

[philanderer] 15/9/2021 12:10

pogue, yes it could well be that although it's been known for the last few months.

[pogue] 15/9/2021 10:51

Probably due to the fact car manufacture is going to be affected due to chip shortages going into next year maybe further that is going to cut profits on catalytic converters. I am seeing loads of stuff with chips involved in the manufacture going out on very long lead times.

[philanderer] 15/9/2021 09:36

Something very wrong here.

[philanderer] 08/9/2021 13:42

MyRechemical, NextChem’s subsidiary dedicated to waste-to-chemical technologies, and Johnson Matthey plc (JM; London), a global leader in sustainable technologies, will jointly cooperate to commercially develop “waste-to-methanol” technology worldwide.


This waste-to-methanol technology has its roots in the chemical conversion of non-recyclable municipal waste, which would otherwise be disposed in landfill or incinerated, into valuable syngas used to produce methanol. Through the chemical conversion of non-recyclable municipal and industrial waste, mainly plastic and dry waste, the resulting hydrogen and carbon oxides can be used to produce more sustainable chemical products.


The methanol derived from this process can be used as an intermediate for low-carbon additives in the blending of gasoline and diesel, replacing the fossil-based component with one derived from recycling, as well as a raw material for the chemical, construction and plastic industries.

[philanderer] 24/8/2021 10:52

Liberum still has Johnson Matthey doubts

Liberum has hiked its profit forecast for Johnson Matthey (JMAT) but the broker still has concerns about its longer-term future.

Analyst Adam Collins maintained his ‘hold’ recommendation but raised the target price on the stock from £24.50 to £31.50, after increasing earnings estimates by 28% this year following the recovery in automobile production and strong market conditions in platinum group metals recycling.

‘However, we still have doubts about some aspects of future structural development,’ said Collins, pointing to concerns raised in a note on the sector earlier this year.

The company may be enjoying the fruits of a cyclical recovery now, but Liberum believes it derives a third of its profits from catalytic converters for diesel cars and commercial vehicles. That market looks structurally challenged. In Europe, for example, new sales are likely to be outlawed between 2030 to 2040.

‘Johnson Matthey is much more dependent on the heavy-duty diesel [HDD] market than its competitors – we estimate it has a 70% share of the global HDD market,’ said Collins. Replicating that dominance in hydrogen fuel cell trucks looks like a tall order.

The shares closed up 0.6%, or 18p, at £29.95 on Monday.

[philanderer] 20/8/2021 10:46

LIBERUM RAISES JOHNSON MATTHEY PRICE TARGET TO 3,150 (2,450) PENCE - 'HOLD'