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.

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