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EU legislation helps drive growth

10/02/2012 · Chamberlin (CMH) 

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Johnson Matthey (JMAT), the world’s largest supplier of catalytic converters recently reported a 34% jump in 3rd quarter profits driven by strong demand from Asia and North America. With shares in JMAT now trading at 16.7x 2013 estimates we thought it was a good time to look at an unloved micro cap also supplying into the automotive sector, trading at a much more sensible multiple.

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