Author: roymorgansocial

Different rules for Rinehart, say farmers

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Original article by Sue Neales
The Australian – Page: 5 : 25-Oct-16

BBHO syndicate member Sterling Buntine fears that its $A386 million bid for S. Kidman & Company will not be treated fairly by the board. Buntine stressed that a rival bid from Gina Rinehart’s Hancock Prospecting and Shanghai CRED is inferior on two counts, namely being lower at $A365 million and requiring approval from the Foreign Investment Review Board.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, HANCOCK PROSPECTING PTY LTD, SHANGHAI CRED REAL ESTATE STOCK COMPANY LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, BBHO

Love, actuarially: upcoming brides and grooms both expect marriage will deliver financial gains

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 24-Oct-16

A Roy Morgan Single Source survey has found that 56 per cent of the estimated 460,000 Australians aged 14+ who are currently engaged expect to be financially better off a year from now. This compares with the national average of 39 per cent. The survey, which was carried out in the year to June 2016, also shows that 30 per cent of engaged Australians expect their financial situation to be the same this time next year, while 10 per cent anticipate that they will be worse off. Meanwhile, 60 per cent of engaged men expect their finances to improve, compared with 52 per cent of women.

CORPORATES
ROY MORGAN RESEARCH LIMITED

First Choice Liquor: first in customer satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 24-Oct-16

For the third consecutive month, First Choice Liquor has come first in the Liquor Store category of Roy Morgan Research’s Customer Satisfaction Awards, with a score of just over 93 per cent in August 2016. It is followed by Cellarbrations (93 per cent) and Dan Murphy’s (92 per cent). Meanwhile, 48 per cent of people who usually shop at a Cellarbrations store say that being "located where I do other shopping" is important, compared with just 28 per cent of First Choice customers. However, 81 per cent of First Choice shoppers identify "good value" as an important factor, compared with 61 per cent of Cellarbrations customers.

CORPORATES
ROY MORGAN RESEARCH LIMITED, FIRST CHOICE LIQUOR SUPERSTORE, CELLARBRATIONS, DAN MURPHY’S, IGA LIQUOR, INDEPENDENT BRANDS AUSTRALIA PTY LTD

Vodafone set to launch NBN service – and over half a million customers already want to switch their fixed broadband provider

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 24-Oct-16

A Roy Morgan Single Source survey has found that 3.5 million Australians aged 14+ have a mobile phone with Vodafone, while 2.5 million of these Vodafone mobile customers (71 per cent) also have fixed broadband at home, including almost one in 10 who are already on the National Broadband Network. The survey, which was carried out in the six months to September 2016, also shows that 550,000 of Vodafone’s mobile customers are already intending to switch fixed broadband provider in the next 12 months, while 22 per cent are very or fairly likely to switch.

CORPORATES
ROY MORGAN RESEARCH LIMITED, VODAFONE AUSTRALIA LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, TPG TELECOM LIMITED – ASX TPM, IINET LIMITED, DODO INTERNET PTY LTD, IPRIMUS, VOCUS COMMUNICATIONS LIMITED – ASX VOC

Perth fundies see more upside in resources

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Original article by Tess Ingram
The Australian Financial Review – Page: 13 : 24-Oct-16

Australia’s S&P/ASX 300 Metals & Mining Index has gained 45.3 per cent so far in 2016, while the benchmark S&P/ASX 200 has risen by just 6.2 per cent. The rebound in the share prices of resources and energy stocks has rewarded investors who capitalised on a sell-off in the sector earlier in the year. WestOZ Funds Management has been progressively lifting its funds’ weightings toward the sector over recent months, while scaling back their exposure to cash.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX 300 METALS AND MINING INDEX, WESTOZ FUNDS MANAGEMENT PTY LTD, WESTOZ INVESTMENT COMPANY LIMITED – ASX WIC, PACKER AND COMPANY INVESTIGATOR TRUST, NORILSK NICKEL, CAMECO CORPORATION, BELL POTTER SECURITIES LIMITED, WOODSIDE PETROLEUM LIMITED – ASX WPL, INDEPENDENCE GROUP NL – ASX IGO, WESTERN AREAS LIMITED – ASX WSA, SANDFIRE RESOURCES NL – ASX SFR

Newspaper paywall successes vindicate Murdoch’s strategy

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Original article by Darren Davidson
The Australian – Page: 25 : 24-Oct-16

The Australian has gained more than 80,000 paid digital subscribers since its website was paywalled five years ago. The News Corp Australia flagship’s CEO Nicholas Gray says the newspaper will seek to lift this to 100,000 paid subscribers in 2017. Meanwhile, editor-in-chief Paul Whittaker says many news websites are now looking to adopt the paywall model. He adds that the company’s digital products complement its traditional print newspapers and allow it to produce editions that are tailored for specific digital devices.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, GUARDIAN MEDIA GROUP PLC, DAILY MAIL AND GENERAL TRUST PLC, LONDON COLLEGE OF COMMUNICATION

Morrison targets cost of housing

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Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 4 : 24-Oct-16

Federal Treasurer Scott Morrison notes that the proportion of Australians who own their home has fallen from 71 per cent to 67 per cent over the last two decades. However, he will argue in a speech on 24 October 2016 that housing supply is the main factor that is affecting housing affordability. He will also say that a range of other factors rather than the impact of property investors is affecting housing affordability. Morrison will also flag a push for greater co-operation with state governments to make more land available for residential development.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, COUNCIL ON FEDERAL FINANCIAL REGULATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Coal activists risk driving India away

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Original article by Dennis Shanahan, Michael McKenna
The Australian – Page: 1 & 4 : 24-Oct-16

India’s Power Minister Piyush Goyal has warned that the long-running opposition to Adani’s proposed Carmichael coal mine in Queensland could affect his nation’s future investment in Australia. Goyal added that Indian could source coal from countries such as South Africa and Indonesia if investing in Australian projects becomes too difficult. Recent media reports revealed that a leading Australian anti-coal group, the Sunrise Project, has been funded by US-based foundations. Documents released by Wikileaks also show that at least one of these foundations has links to John Podesta, who is heading the presidential election campaign of Hillary Clinton.

CORPORATES
INDIA. MINISTRY OF POWER, ADANI MINING PTY LTD, SUNRISE PROJECT, DEMOCRATIC PARTY (UNITED STATES), WIKILEAKS, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, MINERALS COUNCIL OF AUSTRALIA, FEDERAL COURT OF AUSTRALIA

Media baron warns Leak cartoon probe biggest threat to press freedom

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Original article by Darren Davidson
The Australian – Page: 1 : 24-Oct-16

Seven Group’s executive chairman Kerry Stokes has criticised the Australian Human Rights Commission’s investigation into a Bill Leak cartoon that was published in August 2016. He has described the investigation as the greatest threat to freedom of the press that he has seen in his long career in the media industry, and he says section 18C of the Racial Discrimination Act stifles the media’s ability to fully informing the public about important issues. Stokes has also praised "The Australian" for publishing the controversial cartoon.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, AUSTRALIAN HUMAN RIGHTS COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM

Dividend cuts loom despite $23bn profits

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Original article by Michael Bennet
The Australian – Page: 17 & 21 : 24-Oct-16

National Australia Bank is tipped to post a 2015-16 cash profit of $A6.55bn on 27 October 2016. The ANZ Bank and Westpac are expected to post full-year profits of $A6.18bn and $A7.8bn respectively in coming weeks, while the Commonwealth Bank has booked a cash profit of $A9.45bn for the year to 30 June. Bank dividends are likely to come under pressure, while Jonathan Mott of UBS expects the banks to post negative growth in earnings per share for the first time since the global financial crisis.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD, CITIGROUP PTY LTD, CLSA AUSTRALIA PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, RESERVE BANK OF AUSTRALIA, CLYDESDALE BANK PLC, STANDARD AND POOR’S ASX 200 BANKS INDEX, DEUTSCHE BANK AG