Author: roymorgansocial

WPP eyes TV as YouTube falls short

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Original article by Darren Davidson
The Australian – Page: 23 : 25-Jul-16

GroupM is expected to allocate more of its advertising spending commitment to Australia’s free-to-air TV networks, after favouring YouTube in 2015. The Nine Network’s share of the media buying group’s TV budget has been reduced, while the Ten Network has secured a guaranteed share of 25 per cent, compared with between 23 and 25 per cent in 2015. Industry executives note that that digital platforms such as YouTube are under scrutiny over issues such as viewability and audience measurement.

CORPORATES
GROUPM COMMUNICATIONS PTY LTD, WPP GROUP PLC, YOUTUBE INCORPORATED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, FACEBOOK INCORPORATED, THINK TV, IPG MEDIABRANDS

Oil Search buries ego and drops InterOil bid

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 20 : 22-Jul-16

Oil Search will not seek to match ExxonMobil’s takeover bid for InterOil. MD Peter Botten says it would not be in shareholders’ interest to increase the offer, and he adds that they will still gain most of the benefits of the deal with none of the associated risks. Oil Search has stakes in both of the two major LNG projects in Papua New Guinea, and Botten says greater co-operation between the two ventures will generate value for investors. Meanwhile, Oil Search has reported that its sales fell by seven per cent in the June 2016 quarter, to $US267.7m.

CORPORATES
OIL SEARCH LIMITED – ASX OSH, INTEROIL CORPORATION, EXXONMOBIL CORPORATION, TOTAL SA, MORGANS FINANCIAL LIMITED

Draft super laws to be released before parliament sits

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Original article by David Crowe
The Australian – Page: 1 & 5 : 22-Jul-16

The Australian Government will release draft legislation for its proposed superannuation reforms prior to the resumption of Parliament on 30 August 2016. It will also consult with industry experts before the legislation is presented to the Coaltion’s party-room. The draft legislation is expected to largely reflect the super policies outlined in the May 2016 Budget. Treasurer Scott Morrison will resist efforts to drop measures such as the life-time cap on non-concessional contributions, but some crossbenchers argue that the policies that were taken to the federal election should be put before Parliament.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF FINANCE, INSTITUTE OF PUBLIC AFFAIRS LIMITED

Joyce cuts off LNP bid to split

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Original article by Michael McKenna, Sarah Martin
The Australian – Page: 1 & 5 : 22-Jul-16

The growing unrest within the Liberal-National Party of Queensland regarding its reduced representation in federal cabinet has prompted dissidents to push for a separate party-room in Canberra. The LNP has also proposed to negotiate its own coalition agreement with the Liberal Party of Australia. The state executive has rejected the motion by a margin of just four votes. A split between the National Party of Australia and the LNP would reduce the former’s party-room from 22 members to 14.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

Ten shares get left behind in post-Brexit rally

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Original article by Lucy Battersby
The Sydney Morning Herald – Page: 21 : 22-Jul-16

The Ten Network’s share price has underperformed its listed peers and the broader sharemarket in recent weeks. The stock has risen by 5.5 per cent since 28 June 2016, while Nine Entertainment Company and Seven West Media have gained 10.5 per cent and 11.6 per cent respectively since the "Brexit" fallout. Ivor Ries of Morgans Financial notes that there is a global trend for advertisers to reduce their expenditure on TV advertising.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, MORGANS FINANCIAL LIMITED, LAZARD ASSET MANAGEMENT PACIFIC COMPANY, FOXTEL MANAGEMENT PTY LTD

End of Australia’s iron ore supply rush should help prices

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Original article by David Stringer
The Australian Financial Review – Page: 29 : 22-Jul-16

The iron ore price has gained about 28 per cent so far in 2016, and SRK Consulting’s Caue Araujo says it could be further boosted in the near-term as a result of lower growth in shipments by Australia’s major producers. BHP Billiton and Rio Tinto aim to eventually lift their production capacity in Western Australia to 290 million and 360 million tonnes respectively, but Macquarie Group recently suggested that neither may reach its target.

CORPORATES
SRK CONSULTING INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, MORGAN STANLEY AUSTRALIA LIMITED, CITIGROUP PTY LTD, ROY HILL HOLDINGS PTY LTD, KATANA ASSET MANAGEMENT LIMITED, VALE SA, METAL BULLETIN LIMITED

Australians not sold on moving house

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 22-Jul-16

A Roy Morgan Single Source survey has found that almost 60 per cent of Australians aged 14+ have been living at the same address for five years or more. The survey, which was carried out in the year to March 2016, also shows that 40.7 per cent have been at their current address for a decade or more, while 17.4 per cent have been living in their current home for between five and 10 years. Only 14.3 per cent have been in their current home for less than 12 months. Meanwhile, 65.3 per cent of people who have been in their current home for less than 12 months are renting, while 68.4 per cent of Australians who own their home outright have been at the same address for 10-plus years.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Bourse climbs past 5500 level

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Original article by Daniel Palmer
The Australian – Page: 30 : 22-Jul-16

The Australian sharemarket posted solid gains on 21 July 2016, with the S&P/ASX 200 adding 0.43 per cent to close at 5,512.4. Rio Tinto was 1.1 per cent higher at $A48.52 and Oil Search also rose by 1.1 per cent to end the session at $A7.41. However, Regis Resources shed 5.3 per cent and South32 was down 1.1 per cent.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, OIL SEARCH LIMITED – ASX OSH, REGIS RESOURCES LIMITED – ASX RRL, SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, TELSTRA CORPORATION LIMITED – ASX TLS, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, NEWCREST MINING LIMITED – ASX NCM, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, METCASH LIMITED – ASX MTS, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, QUBE HOLDINGS LIMITED – ASX QUB, ASCIANO LIMITED – ASX AIO, AURIZON HOLDINGS LIMITED – ASX AZJ, IG MARKETS LIMITED, HOME TIMBER AND HARDWARE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AQUILA RESOURCES LIMITED, INTEROIL CORPORATION, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Chemists set the pace in Customer Satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 22-Jul-16

Roy Morgan Research has announced the May 2016 winners of its monthly Customer Satisfaction Awards in Australia. Soul Pattinson took out top spot in the Chemist/Pharmacy category for the fourth consecutive month, with a customer satisfaction rating of 92 per cent. It was just ahead of Guardian Pharmacy (91 per cent), My Chemist (90 per cent) and Chemist Warehouse (also 90 per cent). Roy Morgan data shows that people aged 50+ are substantially more likely than those under 50 to shop at a chemist in an average four weeks. They also tend to be more satisfied than younger customers – a tendency which goes some way towards explaining the customer satisfaction success of Soul Pattinson and Guardian Pharmacy. For both of these chains, the 50+ demographic comprises over 60 per cent of their customer traffic in an average four weeks.

CORPORATES
ROY MORGAN RESEARCH LIMITED, SOUL PATTINSON, GUARDIAN PHARMACY, MY CHEMIST PTY LTD, CHEMIST WAREHOUSE, DISCOUNT DRUGSTORES PTY LTD

Consumer satisfaction with big four banks down in June to the lowest level in three years

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 22-Jul-16

A Roy Morgan Research Single Source survey has found that the satisfaction level of the personal customers of Australia’s four major banks was 79.5 per cent in the six months to June 2016, compared with 80.1 per cent in May. The Commonwealth Bank continued to have the highest customer satisfaction rating of the four major banks, at 81.2 per cent, which is 0.5 per cent lower than previously. Meanwhile, the overall satisfaction rate of the big four banks’ home-loan customers was 76.9 per cent in June 2016, compared with a satisfaction rate of 80.2 per cent for their non-home loan customers.

CORPORATES
ROY MORGAN RESEARCH LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, TEACHERS MUTUAL BANK LIMITED, BANK AUSTRALIA, HERITAGE BANK LIMITED – ASX HBS