Author: roymorgansocial

‘Plenty of life’ in the gold dog yet

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Original article by Paul Garvey
The Australian – Page: 22 : 2-Aug-16

The share prices of Australian gold producers have rallied in the last year, prompting speculation as to whether the gains are sustainable. Saracen Mineral Holdings MD Raleigh Finlayson has indicated that a fall in the gold price could create buying opportunities for the group, while Doray Minerals is seeking offshore acquisitions due to the high price of local gold assets and the dearth of quality projects up for sale. The outlook for the gold sector will be under scrutiny at the annual Diggers & Dealers conference in Western Australia.

CORPORATES
SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, DORAY MINERALS LIMITED – ASX DRM, DIGGERS AND DEALERS FORUM, NORTHERN STAR RESOURCES LIMITED – ASX NST, ST BARBARA LIMITED – ASX SBM

Cheese if you please (preferably with crackers or wine)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 29-Jul-16

A Roy Morgan Single Source survey has found that 63.9 per cent of Australian grocery buyers aged 18+ purchased block cheese in an average four weeks during the year to March 2016. Meanwhile, 36.9 per cent bought grated/shredded cheese, 37.5 per cent bought sliced cheese, 15.4 per cent bought creamed cheese or cheese spreads, and 9.8 per cent purchased cheese snacks or portions. All of these figures are considerably lower than they were in 2012. However, some consumers are dramatically more likely than the average grocery buyer to purchase cheese in an average four-week period. Two striking examples are those shoppers who also buy savoury biscuits/crackers in this time, and those who purchase wine in any given seven-day period.

CORPORATES
ROY MORGAN RESEARCH LIMITED, BEGA CHEESE LIMITED – ASX BGA, COON, MAINLAND DAIRIES PTY LTD, MERSEY VALLEY, LAUGHING COW, CASTELLO

Workplace laws rigid and out of date: report

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Original article by Lucille Keen
The Australian Financial Review – Page: 10 : 29-Jul-16

Reforms are need in Australia’s employment laws in order to reflect the changing nature of work. Industrial relations expert Stephen Sasse states in a report written for the Institute of Public Affairs that flaws in the current employment system include rigidity, excessive interference from regulatory bodies and disregard for the efficacy of market forces. The report is titled "Your Right to Work".

CORPORATES
INSTITUTE OF PUBLIC AFFAIRS LIMITED, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. FAIR WORK COMMISSION

Super reforms could hit half of all SMSFs

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Original article by Sally Patten
The Australian Financial Review – Page: 9 : 29-Jul-16

The SMSF Association is trying to persuade the Federal Government to amend its superannuation reforms. CEO Andrea Slattery has suggested a smaller reduction in the non-concessional super contributions limit, which the Government proposes to cut to $A25,000. According to the SMSF Association and Accurium, a 65-year old couple would need $A1 million in super savings to live comfortably in retirement, with $A59,000 to spend annually.

CORPORATES
SMSF ASSOCIATION, ACCURIUM PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Beach ponders acquisition within next six months

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 22 : 29-Jul-16

Beach Energy has reported that the lower crude oil price resulted in its 2015-16 sales falling by 23.3 per cent, to $A558 million. Full-year production totalled 9.66 barrels of oil equivalent. The group posted sales revenue of $A16.6m for the June quarter, and production for the period rose by 13 per cent to 2.7 million. Beach has also advised that it expects capital expenditure to be within the range of $A180m to $A200m in 2016-17, while it aims to finalise an acquisition in the next six months.

CORPORATES
BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED, OIL SEARCH LIMITED – ASX OSH, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, RBC CAPITAL MARKETS, JP MORGAN AUSTRALIA LIMITED

PM to make captain’s call on Rudd

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 29-Jul-16

The nomination of former prime minister Kevin Rudd as a candidate for secretary-general of the United Nations was a key issue on the agenda of a cabinet meeting on 28 July 2016. Scott Morrison, Peter Dutton and Mathias Cormann are among the ministers who opposed nominating Rudd, although Foreign Minister Julie Bishop supports his nomination. Prime Minister Malcolm Turnbull will decide whether Rudd should be nominated to succeed Ban Ki-moon. He intends to consult with Rudd and senior members of the Coalition before making a decision.

CORPORATES
UNITED NATIONS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, LABOUR PARTY (NEW ZEALAND)

Westpac aims for 20pc Asian managers

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Original article by Misa Han
The Australian Financial Review – Page: 5 : 29-Jul-16

Westpac CEO Brian Hartzer wants the bank to have greater diversity among its staff. The bank aims to raise the ratio of its executives with an Asian background from 13 per cent to 20 per cent. Hartzer says it is primarily a business issue, although social justice is also important to him. Race discrimination commissioner Tim Soutphommasane suggests that businesses should aim for 10 per cent of their senior executives to have a non-European background.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Citi’s Brennan tips resilience in earnings growth

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Original article by David Rogers
The Australian – Page: 34 : 29-Jul-16

The Australian sharemarket currently boasts a forward price-earnings ratio of 16.6 times, but some market watchers expect that the August 2016 reporting season will justify the high earnings multiple. Tony Brennan of Citigroup is upbeat about the reporting season, saying the positive earnings surprises are likely to outweigh the negative surprises. The benchmark S&P/ASX 200 closed at 5556.6 on 27 July, although Brennan expects it to end the year at about 5,500. However, he forecasts that it will rise to 5,750 by mid-2017.

CORPORATES
CITIGROUP PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, APPLE INCORPORATED, FACEBOOK INCORPORATED

REA, Move home in on a world of realty

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Original article by Darren Davidson
The Australian – Page: 25 : 29-Jul-16

Media giant News Corporation has launched a global real estate listings portal that combines the resources of its property websites in 56 countries. The global network will feature more than three million property listings, from websites such as REA Group, Move’s realtor.com, Mansion Global and PropTiger. News Corp has a 62 per cent stake in Australian-listed REA and an 80 per cent stake in Move. REA in turn has a 20 per cent stake in Move.

CORPORATES
NEWS CORPORATION – ASX NWS, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED, REALTOR.COM, MANSION GLOBAL, PROPTIGER

Ten advertising share at highest point since 2012

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Original article by Lucy Battersby, Michael Lallo
The Australian Financial Review – Page: 11 : 29-Jul-16

New data shows that the Ten Network’s share of free-to-air TV advertising revenue has risen to 25.2 per cent in 2016, compared with just 20.1 per cent in early 2014. The Nine Network’s share of ad revenue has fallen from 39.2 per cent in mid-2014 to 35.6 per cent, while the Seven Network’s share has eased from 40.4 per cent to 39.2 per cent over the last two years. Ten’s Rod Prosser notes that the network’s share of ad revenue has increased for 16 consecutive months.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, MULTI CHANNEL NETWORK PTY LTD, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, FUSION STRATEGY