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.

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.