Not sure if there are any holders on here but here go's.



Johnson Matthey is a speciality chemicals company focused on its core skills in catalysis, precious metals, fine chemicals and process technology. Johnson Matthey's principal activities are the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining, and fabrication of precious metals. Johnson Matthey has continued to develop its technology for almost 200 years, demonstrating the company's ability to maintain world leadership by adapting constantly to rapidly changing customer needs. Rigorous in its own environmental policies, many of Johnson Matthey's products have a major beneficial impact on the environment and enhance the quality of life for millions of people around the world. Johnson Matthey has operations in over 30 countries and employs around 9,000 people. Its products are sold across the world to a wide range of advanced technology industries. The group is organised into three global divisions: Environmental Technologies; Precious Metal Products and Fine Chemicals.

Blimey, this one's shot up 3 over the last month!

You were a long time between posts on this one Stan .about 5 1/2 years by my reckoning. I wonder if it is a record?
On a more serious note, JMs price bears a close resemblence with the price of platinum
Presumably on account of the prospects for catalytic convertors.

Yep , very dependant on cars sells which have been good recently mainly because of the governments scrapping scheme.. so wonder if price will be in reverse if Gov. Scheme is dropped or cut back ?

I am afraid that I am rather ignorant on this car scrapping scheme . What exactly is being offered,and what is being forked out by whom?
The price of platinum is about $1,000 short of its high of some 18 months back.On the other hand,gold is not far from its highs,so there is certainly potential.

Various conditions to the scheme, the main one being that you are allowed (I think a 2000) discount when trading it in for a new one. Your car has to be 10 years or older. Also very popular in the states at the moment. Can't last forever though.

Johnson Matthey, the world's largest supplier of catalytic converters, has had a pretty good year but this has not been reflected in its valuation.

Interim pre-tax profits had risen by 35pc to £195.1m. This was on revenues that were 29pc ahead of the equivalent period last year at £5.9bn. The group also said it expected to have a better second half of the year.

A deep European recession remains a risk for the group, as platinum autocatalysts are used in diesel vehicles which are more common on the Continent. But the company still has a one-third share of the global catalytic converter market and emissions control regulations are likely to tighten over the medium term. Hold.

Thursday will bring us full-year results from Johnson Matthey the company known for its high-purity catalysts, precious metals and other speciality chemicals and industrial processes.

With a market capitalisation of £4.6bn, Johnson Matthey is a decent-sized FTSE 100 company, and perhaps not the kind you might expect to show large swings in its share price. But since the price plummeted in the dark days at the end of 2008 to a low of 668p, they've bounced back to 2,137p today. That's more than a three-bagger, putting it firmly on "galloping elephant" status, at least as far as the UK's top flight blue-chip shares go.

But what about its underlying performance? Well, profits remained rock steady from 2008 to 2010, showing just how meaningless the share price panic was. And apart from a couple of flat years, earnings per share (eps) and dividends have been rising. The 2012 payout, which we will be hearing about next week, is currently expected by City analysts to come in more than 25% ahead of last year's 40p per share.

That's only a 2.4% yield, but it's heading in the right direction. The shares are on a pretty average price-to-earnings (P/E) ratio of 14, and net debt was modest at the last count

Thursday June 7 =

• Johnson Matthey , which makes catalytic converters, posts full-year results. JP Morgan has forecast that revenues will rise from £9.99bn to £10.7bn in the year to March 31 with pre-tax profits up from £366m to £422m. However, the analysts warn that the company’s prediction of lower platinum demand in 2012 as a result of weaker industrial demand and slower growth in the automotive sector is a “slight cause for concern”.

http://www.moneyam.com/action/news/showArticle?id=4383798

Another year of strong growth:

· Revenue, up 20% to £12 billion

· Sales excluding precious metals (sales) 17% ahead at £2.7 billion

· Underlying profit before tax and underlying earnings per share up 23% and 29% respectively

· Return on invested capital (ROIC) increased from 19.4% to 22.3%

· Balance sheet strengthens with net debt (including post tax pension deficits) / EBITDA of 1.0 times

· Final dividend of 40.0 pence recommended resulting in full year dividend up 20% at 55.0 pence

· As a result of the group's strong financial position, the board is also recommending a special dividend to shareholders of 100.0 pence per share

..Questor share tip: Johnson Matthey drives forward

By Graham Ruddick | Telegraph


To pigeon-hole Johnson Matthey (LSE: JMAT.L - news) as a chemicals company, as it is in the FTSE, risks severely underestimating what the business does.

Johnson Matthey £23.04+107p Questor says Buy

In particular, it risks underestimating Johnson Matthey as an innovator. The chemicals that it uses are simply the platform for a vast, and growing, array of products.

The company takes chemicals and precious metals such as platinum, and turns them into catalytic converters, ingredients for drugs, and the ability to purify oil.

More new products are on the way, such as fuel cells for next-generation vehicles and an ink that extends the shelf life of supermarket fruit.

This year, chief executive Neil Carson plans to increase research and development spending from £129m to £140m.

This innovation is vital, because it means Johnson Matthey has created unique and market-leading positions in numerous sectors, and has the potential to evolve further.

It is also shielded from fluctuations in commodity prices and the global economy. So even though platinum prices are falling and car sales are stalling, Johnson Matthey yesterday unveiled a stellar set of annual results. In the year to March 31, revenues rose 20pc to £12bn while pre-tax profits rose 58pc to £409m.

The technologies that the company has developed means it is taking advantage of structural changes in industries. For example, Johnson Matthey has produced market-leading complex catalytic converters for diesel cars and diesel trucks that are needed for the vehicles to pass incoming regulations. With demand for diesel vehicles growing because of their fuel-efficiency, sale of Johnson Matthey’s catalytic converters are soaring.

Questor has long been a fan of Johnson Matthey for these qualities and in 2011 it was the tip of the year.

However, when this column last covered the shares in November (Stuttgart: A0Z24E - news) and February they were rated as a hold on valuation grounds.

It is now time to restore Johnson Matthey to a buy. The shares have risen from £18.99 and £22.70 in November and February respectively, putting on almost 5pc yesterday.

The reasons for the revised status of Johnson Matthey is the company’s continued growth, its global diversity at a time of economic uncertainty, and the special dividend revealed yesterday.

At £1 per share the special dividend is worth £212m and will be paid on August 17 to shareholders on the register on August 3, so the there is time for new investors to take their share. This pay-out comes on top of a full-year dividend up 20pc to 55p.

Johnson Matthey is still relatively pricey it trades at 14.6 times 2013 earnings and on a 2.6pc dividend yield but the annual results show this is a company that is delivering, investing in the future, and willing to return cash to shareholders.

There are risks in investing in Johnson Matthey given it relies heavily on Anglo American (Berlin: NGLB.BE - news) for its platinum and is not entirely sheltered from a global economic slowdown. However, this is a company projecting quality at a time when many investments are not.

Buy.

..

I looked at this one as a possible divi play but put off because of share conciliation at the same time.. Silly me! look at it go:
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The Lonmin incident and the price of Platinum playing a significant roll in SP hike no doubt.

Shares in Johnson Matthey continued their rebound today, putting on 62p for a 3% rise to £23.49. The price hit a peak of £25.79 recently, before falling back. But the firm, which produces speciality metals and chemicals, has been working with a number of partners in developing fuel-cell technology, and that is almost sure to be a big earner in the not-too-distant future.

The share price is up around 35% on the year, and with a forward P/E of 14 with dividends of 2.7% forecast, there isn't a lot of technology-led growth factored in.

http://www.moneyam.com/action/news/showArticle?id=4488587 News not going down well so far. SP -6%!

Johnson Matthey gives gloomy outlook for second half
By Benjamin Chiou

Wed 21 Nov 2012

JMAT - Johnson Matthey

Latest Prices
Name Price %
Johnson Matthey 2,325.00p 0.00%

FTSE 100 5,744 -0.08%
FTSE 350 3,066 -0.07%
FTSE All-Share 3,002 -0.07%
Chemicals 8,676 -0.02%

LONDON (SHARECAST) - FTSE 100 platinum refiner Johnson Matthey reported a six per cent drop in profits in the first half and said that it doesn't expect things to pick up in the latter part of the fiscal year.

The company, which is a world leader in emissions control technologies, said that pre-tax profits declined from £195.1m to £183.4m year-on-year in the six months to September 30th.

This was on revenues that declined by 17% from £5,900bn to £4,892bn, owing mainly to a large fall in sales in the Precious Metals Products division. Group revenue excluding previous metals sales increased by 1% to £1,310m but missed the consensus forecast of £1,343m.

"Against a difficult market environment, particularly the impact of lower average precious metal prices, Johnson Matthey delivered growth in operating profit from Environmental Technologies and Fine Chemicals, although this was more than offset by the weaker performance of Precious Metal Products. Underlying earnings per share were maintained at 72.9p," said Chief Executive Neil Carson.

"Whilst precious metal prices have improved from their lows during the summer, largely due to the labour unrest in South Africa, the outlook in some of our other markets has weakened and visibility remains limited. We therefore expect that the group's performance in the second half will be similar to the first half of the year."

Well well, what a recovery today up just over 4.5%!

L&G go above 3% on these as well.

Final results: http://www.moneyam.com/action/news/showArticle?id=4609069 Market likes them, Up 8% so far!

Johnson Matthey (JMAT) has posted an 11 per cent reduction in full year revenues and a 13 per cent dip in profits to £354.9m with the precious metals division a particular weak spot. But a confident longer term outlook has helped its shares add 7 per cent in early trading.

Ceo cashes some in on Friday, SP dips a bit http://www.moneyam.com/action/news/showArticle?id=4610304 Going Ex. divi paying 41.5p this week.

NPH Garner dumps shares as well.. 6 to be exact -):

Black Rock go above 10% http://www.moneyam.com/action/news/showArticle?id=4641881

Black Rock go below 10% http://www.moneyam.com/action/news/showArticle?id=4651410

Bank of America Merrill Lynch Buy 2,792.00 2,792.00 2,950.00 2,950.00 Reiterates

Black Rock go above 10% http://www.moneyam.com/action/news/showArticle?id=4655131

Johnson Matthey topped the early leaderboard, climbing 126.5p to 2,947.5p after JP Morgan Cazenove upgraded the precious metals processor to overweight from neutral and hiked its target price to 4,000p from 2,800p.

Interims out today and up over 3.5% so far http://www.moneyam.com/action/news/showArticle?id=4710150

Goldman Sachs Buy 3,210.00 3,210.00 3,400.00 3,550.00 Reiterates

Citigroup Neutral 3,210.00 3,210.00 2,700.00 3,100.00 Retains

Deutsche Bank Buy 3,210.00 3,210.00 3,050.00 3,650.00 Retains

Johnson Matthey (JMAT), the chemicals group, announced a 31% increase in revenues to 6.4 billion pounds for the 6 months ended 30th September while underlying pre-tax profits were up by 13% at 213 million pounds. Management explained that the main driver of the improvement was a good performance from its Emerging Control Technologies division which benefitted from increased demand in Europe for heavy duty diesel vehicle catalysts ahead of the new European legislation which comes into effect at the start of 2014. The shares swelled by 116p to 3,210p.

Final Results http://www.moneyam.com/action/news/showArticle?id=4824150

Despite a number of headwinds, Johnson Matthey should be able to deliver double-digit underlying growth this year, according to Numis Securities which upgraded its rating on the stock on Thursday from 'hold' to 'add'.

StockMarketWire.com
Precious metals processor Johnson Matthey said it made progress in the Q1 in the face of headwinds from the effect of foreign currency translation and from the loss of commission revenue from Anglo American Platinum.

Sales excluding precious metals (sales) were flat at £749 million (Q1 2013/14 £745 million) with growth in Emission Control Technologies offset by the expected softening in Process Technologies and Precious Metal Products.

The group's underlying operating profit fell by 11% to £103.6 million (Q1 2013/14 £116.1 million).

Underlying profit before tax was 10% lower at £95.0 million (Q1 2013/14 £106.0 million).

Excluding the impact of foreign exchange movements of approximately £50 million and the loss of around £10 million in commission income from Anglo, the group grew sales by 9%. The effect of exchange on underlying operating profit in the period was £8 million.

The group's balance sheet remains strong with net debt of £771 million and net debt (including post tax pension deficits) to EBITDA for the 12 months to 30th June 2014 of 1.4 times.

Outlook
Looking ahead, demand for the group's products is robust and it continues to anticipate good underlying performance in the business. Guidance for the year as a whole remains unchanged, despite the further strengthening of sterling. The group's performance in 2014/15 will be broadly in line with 2013/14 as continued growth across the group will be offset by the adverse impact of both the loss of commission revenue from Anglo Platinum, approximately £30 million compared with 2013/14, and by the effect of foreign currency translation, which could reduce reported underlying operating profit by over £25 million if current rates prevail.

StockMarketWire.com
Johnson Matthey - a global leader in sustainable technologies - is on track to deliver full year results slightly ahead of 2013-14 and in line with expectations.

Johnson Matthey said it made progress in the third quarter supported by a continued strong performance from Emission Control Technologies.

Overall, sales excluding precious metals (sales) were 5% ahead at £745 million (2013/14 £708 million) and underlying profit before tax in the quarter increased slightly to £96.5 million (2013/14 £96.0 million).

If the loss of around £10 million in commission income from Anglo American Platinum (Anglo Platinum) is excluded, the group's sales were 7% ahead and underlying profit before tax grew at double digit rates, reflecting good growth in the business.

There was no material foreign currency translation effect on results in the third quarter and if current rates prevail it expects no further impact for the remainder of the year.

Trading update http://www.moneyam.com/action/news/showArticle?id=5156710

Up over 7% so far!

Finished up 9.3% helped with special divi announced no doubt, is JMAT on it's way back I wonder.

Deutsche Bank today reaffirms its buy investment rating on Johnson Matthey PLC (LON:JMAT) and raised its price target to 3450p (from 3100p).

why so strong when even gold is slumping still?

someone must have heard what i said

Not quite sure what the correlation is between gold and JMAT.

i always thought of JMAT as precious metals traders
perhaps they've changed their coat over the years

I seem to remember that JMAT said or it was said about them that they would be having less exposure to catalytic converters, also the special divi has and may well have an impact on the SP movement up until Jan. I have amended some details in the opening post for info about their activities.

Q3 Trading update http://www.moneyam.com/action/news/showArticle?id=5206138

Ameriprise Financial, Inc. and its group go above 5% http://www.moneyam.com/action/news/showArticle?id=5214104

StockMarketWire.com
Johnson Matthey reports a robust performance for the year to the end of March in challenging markets with continued investment for future growth.

Overall, sales were flat at £3.2 billion, underlying operating profit was 6% down at £450.8 million and underlying profit before tax was 5% lower at £418.2 million.

Underlying return on sales was slightly lower than last year at 14.2%. On a continuing basis, adjusting for the disposals of Gold and Silver Refining and Research Chemicals, sales grew by 3% and underlying profit before tax was flat.

Profit before tax was £386.3 million which includes both the benefit of the £130 million profit on the sale of Research Chemicals and the negative impact of a £141 million impairment and restructuring charge. Basic earnings per share were 166.2 pence.

Chief executive Robert MacLeod said: "Johnson Matthey has delivered a robust performance overall in a year where conditions have been particularly tough in some of our markets. Emission Control Technologies had another strong year and we have made good progress in New Businesses. The group's performance was adversely impacted by the challenging conditions in some of our other business areas and we have restructured our business; results in 2016/17 will benefit from those actions.

"We continued to focus on health and safety and our lost time injury and illness rate reduced. However, this was overshadowed by a tragic accident in July 2015 when an employee at our Fine Chemicals' facility in Riverside, USA suffered fatal injuries. This incident has further reinforced our efforts to achieve a world class health and safety culture across Johnson Matthey.

"Looking ahead to 2016/17, we expect performance to be ahead of 2015/16 and in line with current market expectations. Johnson Matthey remains well positioned in markets with strong growth drivers. Our strong cash generation and balance sheet provide the resources for investment, and we continue to increase R&D and capital expenditure to drive future growth. Supported by a clear purpose and strategy, Johnson Matthey will continue to deliver long term growth for our shareholders through the creation of value adding sustainable technologies."

StockMarketWire.com
Johnson Matthey (JMAT) said group sales for the continuing businesses increased by 6% to £822 million (up 2% at constant rates).

This was supported by continued good demand in Emission Control Technologies and an increasing contribution from new businesses.

Sales in both Process Technologies and Precious Metal Products were stable although markets in both divisions remained challenging. Demand in Fine Chemicals' continuing businesses was steady.

Underlying profit before tax for the quarter was supported by actions taken to reduce costs in the last financial year.

The company's outlook for the full year at constant rates is unchanged.

If current exchange rates prevail for the remainder of 2016/17, the group's reported results will further benefit from a positive translational impact.

StockMarketWire.com
Johnson Matthey's first half sales were up 5% and underlying pre-tax profits rose by 5%.

The group said its performance at constant rates was on-track and in line with its previous expectations.

The full year outlook for continuing businesses at constant rates is unchanged and the group expects performance to be slightly ahead of last year.

First half revenues totalled £5,625m - down 2% at actual rates and 6% down at constant rates. Sales excluding precious metals totalled £1,676m - up 5% at actual rates and down 1% at constant rates. Underlying PBT was £219.6m - up 5% at actual rates and donw 3% at constant rates.

Chief executive Robert MacLeod said: "Johnson Matthey had a solid first half, supported by favourable exchange rates, and our health and safety performance improved. Trading for the group during the period was in line with our expectations in our continuing businesses on a constant currency basis. We have increased our interim dividend by 5% reflecting our confidence in the medium term.

"I am pleased with the performance of Emission Control Technologies (ECT), where strong growth in Europe and Asia offset the expected cyclical weakness in North America. New Businesses made good progress and Process Technologies has maintained its strong position in tough markets. In Fine Chemicals, first half performance was held back by an unfavourable product mix in our Active Pharmaceutical Ingredient (API) Manufacturing business.

"Our guidance for the full year remains unchanged for our continuing businesses on a constant currency basis; that we expect the group's performance to be slightly ahead of last year. In addition, the group will benefit from favourable exchange rates if current rates are maintained.

"Johnson Matthey remains well positioned in growth markets. Through continued investment in R&D, our infrastructure and our people, we will continue to deliver both long term growth for shareholders and sustainable technologies that make the world around us cleaner and healthier."

"As the weakening of sterling versus other major currencies in the first half had a material impact on the reported performance of the business, we have focused commentary on performance at constant rates. Unless otherwise stated, commentary refers to performance at constant rates."

Final Results http://www.moneyam.com/action/news/showArticle?id=5559448

Some salient points:

Johnson Matthey posted solid growth in sales and profits for the year to 31 March, with revenue up 12% and profit before tax up 19%, helped by a big currency benefit. The chemicals group recommended a final dividend per share of 54.5p, that lifted the full year payout to 75p, a 5% annual increase that the company said reflected confidence in its medium term prospects.

Up 12% on news today.

Half yearly report http://www.moneyam.com/action/news/showArticle?id=5751065

Collaboration sends JMAT shares higher http://http://www.moneyam.com/action/news/showArticle?id=5837823

JMAT awarded contract http://www.moneyam.com/action/news/showArticle?id=6118462

Half year report https://www.moneyam.com/action/news/showArticle?id=621527

The Chairman splashes out https://www.moneyam.com/action/news/showArticle?id=6283944