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SELL for TARGET 2950 The trend of JOHNSON MATTHEY PLC show buyind side. Resistance level of 2920 with the stop loss of 2890 Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias. RSI is trading near to 58.17 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
SELL TARGET 2955 Trend of JOHNSON MATTHEY PLC shows strength for selling. If it breaks the support level then one can initiate the selling position in the stock. Support level of 2985 then it can test the target level of 2955 with the stop loss of 3015. INDICATORS:- RSI is trading near to 48.90 level with negetive bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
TARGET 3155 Trend of JOHNSON MATTHEY PLC shows strength in buying If it breaks the resistance level then one can initiate the buying position in the stock. Resistance level of 3125 then it can test target level of 3155 with the stop loss of 3095 RSI is trading near to 47 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
JOHNSON MATTHEY PLC Trend line of JOHNSON MATTHEY PLC show buying strength. If it breaks the resistance level then one can initiate the buying position in the stock. Resistance level 1210 RSI is trading near to 50.70 level with positive bias, in upcoming session upward movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
I say SELL TARGET 3445 The Major trend of JOHNSON MATTHEY PLC it is showing strength for selling. If it breaks the level of 3475 then it can show downside movement for the target of 3445 with the stop loss of 3505. CHART FORMATION:- Stock is trading in a range and line will lead to downside movement. Stock is trading below the 50 DMA with negative bias. Skype tayal.smith1
Day trading signal. SELL 400 SHARES OF JOHNSON MATTHEY PLC BELOW 3512 WITH SL OF 3542 TP 3480 Skype tayal.smith1
Bought this just before closing bell....hopefully will spike up in morning.
US Bank Goldman Sachs gets on a catalyst to propel JMAT higher. They now (16/8/14) have a 3980p target from 3146p ( todays sp ). JMAT are trading below their 10yr historical average. Their note to clients, said continuing upside surprises in EU automativ production data should be driver for earnings upgrades for JMAT, which will report full year earnings in November. The implementation of tougher diesel emmisions legistation in China and a further tightening of exhaust emission standards in EU should benefit FTSE.
English is not my first language so I had a problem understanding your first sentence, even after reading it several times. You should always proof read before posting, ptrdictive text can make fools of us all. Your opinion in the left hand columns states 'buy' yet you ask 'should I hold?' ?? The CEO holds k12+ shares, nearly four hundred grands worth, I would feel he has some sort of commitment to the company. I bought in recently, am in profit, and happy to hold.
I bought shares with JMAT just before Rob Macleod became CEO thinking that a successful finance becoming head man would increase shares, obviously know I no not the case, and have lost a small amount. DO I either quit my small losses and sell (as I know a company on the rise that the money would go towards) or is there something great yet to come?
Positive Points: The company declared that its first half performance exceeded its expectations and added that its performance in the second half will be in line with that of the first six months. The group saw a very strong first half year within Emission Control Technologies, with sales up 13% and underlying operating profit 16% with sales growth in all regions, but particularly in Europe for heavy duty diesel vehicle catalysts ahead of the new Euro VI legislation which comes fully into force from 1 January 2014. With Process Technologies, the division which makes speciality catalysts, sales climbed 15% and underlying operating profit rose 17% helped by the acquisition of formaldehyde producer Formox in March. The Board of Directors proposed an increase the interim dividend by 10% to 17p per share.
Negative Points: The group's long standing arrangements with Anglo American Platinum Ltd will expire on 31 December and this will impact profitability in the fourth quarter, reported management. Johnson Matthey's performance is closely linked to the automotive industry. A stalling of the recent recovery in the US and European autos volumes would negatively impact sales estimates. The group has exposure to foreign exchange fluctuation.
Financial Highlights: Johnson Matthey reported underlying profits before tax of £212.9 million, up 13% from a year earlier. Overall revenues improved by 31% to £6.41 billion. Net debt at 30th September decreased by £43 million (since the year end and was) £792.6 million. The board have proposed a 10% increase in the interim dividend to 17p per share.
Interim results: The multinational chemical and precious metal company declared a strong half year, driven by its Emission Control Technologies (ECT) division. The division, which encompasses light duty vehicle and heavy duty diesel catalyst businesses, benefitted from increased global car and truck production. That helped improve divisional sales by 13% to £815 million, with underlying operational profits of £94.2 million, up 16%. Process Technologies which provides licensed technologies, catalysts and other services to the chemicals, oil and gas sectors performed well in the period with sales up 15% and underlying operating profit up 17% due to strong catalyst demand and the contribution from Formox which was acquired in March 2013. Elsewhere, within Precious Metal Products, which had a poor first half last year, saw sales improve in line with a year earlier. Results from Fine Chemicals were in line with last year. In the second half, the group said its long standing arrangements with Anglo American Platinum Limited (Anglo Platinum) will expire on 31 December 2013 and this will impact profitability in the fourth quarter, however the company would also benefit from tighter European truck legislation
I have been trying to a company that will benefit from the massive increase in electric cars on the roads over the next 3 - 5 years. I am sure that this company makes the lithium ion batteries that will be in some of the major manufactures. Am I correct or am i way off?
buys , nice interest in this share today ,jmat looks to have the potential to rise more also amerisure looking good , well done to the long term holders of jmat this share price may rise more in future days
well today , good buying volume some nice buys coming in ,
Neil Carson, the Chief Executive Officer (CEO) of chemicals group Johnson Matthey, exercised share options and sold them immediately afterwards on the same day the company impressed the market with its full-year results. Carson, who joined the company back in 1980 and became CEO in 2004, exercised 33,407 options and disposed of the shares at a price of 2,734p each, earning him a total of £913,347. The executive share options were granted back in 2003 and had an exercise price of 898p. Carson's total holding after the transaction stood at 213,271 shares. Johnson Matthey said on Thursday that underlying profit before tax was £389.2m in the year to March 31st, down 9.0% year-on-year but ahead of the £381m consensus estimate due to a better-than-expected performance in the Environmental Technologies division. Prior to the results this week, the stock had gained nearly 9.0% since the start of 2013
Positive Points: Overall, the company expects to make steady progress in 2013/14 notwithstanding the loss of revenue from Anglo Platinum. In the medium term, growth is expected to accelerate in 2014/15 and beyond, driven particularly by tighter vehicle emissions legislation and demand for Process Technologies' products, especially in China. The company continued with its expansion projects within Emission Control Technologies' where demand for high technology products are required for tighter emission legislation which is driving demand for auto catalysts and emission reduction technology. In March, Johnson Matthey acquired Forox, a leading global provider of catalysts. It will also enable the group to grow its position in the global petrochemicals market. In October, Johnson Matthey acquired the Axeon Group for £40.6 million in cash. Axeon is a specialist in the design, development and manufacture of integrated battery modules and systems.
Negative Points: Johnson Matthey accepted it had been a very disappointing year at its Precious Metal Products Division, particularly in its Services businesses, with sales 6% down and underlying operating profit 27% lower. The loss of the group's current contracts with Anglo American Platinum will also impact in the fourth quarter 2013/14 results warned management. Johnson Matthey's performance is closely linked to the automotive industry. A stalling of the recent recovery in the US and European autos volumes would negatively impact sales estimates. Net debt rose sharply to £835 million from £381 million, due to a combination of a special dividend payment, the acquisitions of Axeon and Formox, and a £40 million increase in working capital requirements.
Financial Highlights: Underlying pre-tax profits of £389.2 million were down 9% for the year ended 31 March but ahead of analyst expectations. Revenues dropped 11% to £10.7 billion (£12 billion - 2012). Lower average precious metal prices impacted on that division with revenues down 14% to £8.5 billion The board proposed a final dividend of 41.5 pence that would result in a 4% rise in the full year dividend to 57 pence. The company reaffirmed its strong balance sheet.
Full year results: London headquartered speciality chemicals and precious metals company Johnson Matthey acknowledged it had been a challenging year as it declared a drop in annual profits. Nonetheless it added that it remains very well positioned to grow the business over the medium and long term. Its shares rose more than 7% in early trade, and were the biggest gainer on the FTSE 100 index. The company accepted it had been a "very disappointing year" at its Precious Metal Products Division, particularly in its Services businesses, where sales were 6% down and underlying operating profit 27% lower. The division, primarily associated to platinum was impacted by lower metal prices, lower volumes and operational issues at the Salt Lake City refinery. The loss of its current contracts with Anglo American Platinum will also impact the group's fourth quarter 2013/14 results, added the group. Elsewhere, Johnson Matthey saw continued growth in Environmental Technologies Division with sales 2% ahead of last year and underlying operating profit 7% higher at £226 million. Emission Control Technologies (ECT) was impacted by the weak European car market but heavy duty diesel catalyst business continued to grow, it added. Process Technologies' sales were slightly ahead on last year while operating profit increased significantly, boosted by a solid result from Davy Process Technology (DPT). CEO Neil Carson said the current year would be a time of transition and the increase in dividend reflects a confidence in the group's medium term prospects. Based on the combined estimates of analysts covering the company,
Johnson Matthey: Morgan Stanley reduces target price form 2300p to 2200p retaining an underweight rating.
Johnson Matthey: JP Morgan reduces target price from 2350p to 2150p, while its neutral rating remains unchanged. Deutsche Bank cuts target price from 2700p to 2550p and keeps a buy recommendation. HSBC moves target price from 2400p to 2300p retaining a neutral rating.