Author: roymorgansocial

Gold will shine: Evolution chair

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Original article by Barry FitzGerald
The Australian – Page: 22 : 7-Oct-16

The sharp fall in the gold price in early October 2016 has weighed on the shares of Australian gold producers. However, Evolution Mining executive chairman Jake Klein remains upbeat about the precious metal, arguing that historical analysis suggests that the bull market for gold stocks may not be over. Speculation about an interest rate rise in the US has contributed to the bearish sentiment toward gold, but Klein notes that a mooted rate rise in December would be only the second since 2007.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVNTHE MELBOURNE MINING CLUBUNITED STATES. FEDERAL RESERVE BOARD

Bank culture won’t change overnight: PM

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Original article by Phillip Coorey
The Australian Financial Review – Page: 8 : 6-Oct-16

Prime Minister Malcolm Turnbull says Australian banks require more accountability and transparency. He is confident that requiring the "big four" CEOs to front a parliamentary committee at least once a year will facilitate this, although he concedes that it will take some time for the culture within banks to change. The Federal Government also proposes to create a new tribunal for aggrieved customers to seek restitution, which was backed by Commonwealth Bank CEO Ian Narev and ANZ Bank CEO Shayne Elliott when they fronted the committee.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, LIBERAL PARTY OF AUSTRALIA, TIMBERCORP LIMITED

Sovereign debt could well be the driver of the next share selloff

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Original article by Philip Baker
The Australian Financial Review – Page: 32 : 6-Oct-16

Australia’s benchmark S&P ASX 200 is currently trading on a forward price-earnings ratio of around 16 times, compared with its long-term average of about 14.5 times. The index reached a 2016 high of 5,587 points at the start of August, and despite a number of pullbacks it is still three per cent higher than at the start of the year. However, the prospect of an eventual end to quantitative easing by central banks is likely to put upward pressure on government bond yields, which will in turn weigh on sentiment toward equities.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, ROYAL BANK OF SCOTLAND GROUP PLC, THE GOLDMAN SACHS GROUP INCORPORATED, JP MORGAN CHASE AND COMPANY, UNITED STATES. FEDERAL RESERVE BOARD, FEDERAL RESERVE BANK OF RICHMOND, SYDNEY AIRPORT – ASX SYD, TRANSURBAN GROUP LIMITED – ASX TCL

Breach may see 2CH ‘fire sale’

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Original article by Jake Mitchell
The Australian – Page: 21 : 6-Oct-16

The Australian Communications & Media Authority has ruled that Macquarie Media must sell Sydney radio station 2CH. The 2015 merger of Macquarie Radio Network and Fairfax Media’s radio assets resulted in the merged group owning three radio stations in Sydney, in breach of the "’two to a market" media ownership rule. ACMA has refused to grant Macquarie a third temporary exemption and deemed that 2CH must be sold.

CORPORATES
MACQUARIE MEDIA LIMITED – ASX MRN, RADIO 2CH PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, FAIRFAX MEDIA LIMITED – ASX FXJ, 2GB, RADIO 2UE SYDNEY PTY LTD, NEW SOUTH WALES COUNCIL OF CHURCHES, GRANT BROADCASTERS PTY LTD, CAPITAL RADIO NETWORK

Iron ore exporters unlikely to meet shipment guidance

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Original article by David Stringer
The Australian Financial Review – Page: 24 : 6-Oct-16

Macquarie Group forecasts that Rio Tinto’s Western Australian iron ore shipments for 2016 will fall slightly short of its guidance for 330 million tonnes. Macquarie also says BHP Billiton also may not meet its production guidance. Macquarie had forecast that shipments from the state’s major iron ore export terminals would total 216 million tonnes in the September quarter, but new data shows that about 209 million tonnes were shipped.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, ROY HILL HOLDINGS PTY LTD, VALE SA, METAL BULLETIN LIMITED, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DBS GROUP HOLDINGS LIMITED, BLOOMBERG LP

BHP keeps the faith in US shale business

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Original article by Peter Ker
The Australian Financial Review – Page: 19 & 24 : 6-Oct-16

The head of BHP Billiton’s petroleum division, Steve Pastor, is upbeat about the group’s US shale operations. He is particularly bullish about the Permian shale field in West Texas, noting that it could potentially become the division’s biggest source of production and cash flow within five years. Meanwhile, Pastor says BHP will consider acquisitions that add value, but it will only pursue deals that are appropriately priced. He has also forecast a global oil shortage in 2017.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, BP PLC

Wrinkles in CBA’s satisfaction crown

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Original article by Vesna Poljak
The Australian Financial Review – Page: 23 : 6-Oct-16

Roy Morgan Research’s latest survey of customer bank satisfaction shows that the Commonwealth Bank of Australia (CBA) ranked first in retail main financial institution customer satisfaction for the six months to August 2016. Customers were less satisfied with CBA’s mortgage products, with CBA ranking third out of the big four banks. CBA dominates Australia’s mortgage market, with a 25.3 per cent market share.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, ROY MORGAN RESEARCH LIMITED, AUSTRALIAN LABOR PARTY

News adds racing site to stable

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Original article by Darren Davidson
The Australian – Page: 21 : 6-Oct-16

Media giant News Corp Australia will increase its exposure to the wagering industry with the acquisition of punters.com.au. The website features horse racing news and a free digital form guide, and boasts some 375,000 unique visitors each month. The British division of News Corporation established a wagering joint venture with Tabcorp earlier in 2016.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, PUNTERS.COM.AU, SUNBETS, TABCORP HOLDINGS LIMITED – ASX TAH

Cheerio to Presto: so how many subscribers are up for grabs – and can Foxtel persuade them to Play?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Oct-16

A Roy Morgan Single Source survey has found that 1.5 per cent of Australian homes (143,000) subscribed to Presto in the six months to August 2016. Some 77 per cent (or 110,000) of the homes with access to Presto also have at least one other pay TV/SVOD service; 55 per cent of Presto homes also have Netflix and 27 per cent have Stan, while 48 per cent have Foxtel – with almost all of them using the traditional set-top box, not the streaming Foxtel Play. Meanwhile, analysis of SVOD households based on Household Life Stage shows that half of homes with Netflix or Stan are in the Young Singles, Young Couples and Young Parents segments, while the majority of homes that have Foxtel are Mid-Life Households (33 per cent) or Older Households (28 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, PRESTO ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, FOXTEL MANAGEMENT PTY LTD, FOXTEL PLAY

How 3.8 million Bathurst 1000 viewers drink and drive

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Oct-16

A Roy Morgan Single Source survey has found that 19 per cent of Australians aged 14+ (3.8 million people) will watch the 2016 Bathurst 1000 on TV. The survey, which was carried out in the year to June, also shows that 82 per cent of Bathurst 1000 viewers are adult drinkers. Some 76 per cent of these people mostly drink alcohol at home, compared with 69 per cent of all Australian drinkers aged 18+. Likewise, 41 per cent of them prefer beer to wine, compared with 30 per cent of all adult drinkers. Meanwhile, 90 per cent of Bathurst viewers drive, compared with 83 per cent of all Australians aged 14+.

CORPORATES
ROY MORGAN RESEARCH LIMITED