Author: roymorgansocial

Sell-off is prime time for buying

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Original article by Jessica Sier, Vanessa Desloires
The Australian Financial Review – Page: 29 : 29-Jun-16

Shares in British and Irish banks have fallen sharply in the wake of the "Brexit" referendum, but Platinum Asset Management’s Clay Smolinski says this has created a buying opportunity for investors. Meanwhile, Aurora Funds Management’s Hugh Dive says the fallout from the UK’s vote to leave the European Union should have little impact on the Australian sharemarket and the nation’s four major banks. He notes that the local banks have less reliance on wholesale funding from Europe than during the global financial crisis.

CORPORATES
PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, AURORA FUNDS MANAGEMENT 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, BANK OF IRELAND PLC, BARCLAYS BANK PLC, ROYAL BANK OF SCOTLAND GROUP PLC, EUROPEAN CENTRAL BANK, MOODY’S INVESTORS SERVICE INCORPORATED

TNS and Opinium (& Boris Johnson) big winners out of UK’s ‘Brexit’ Referendum

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 24-Jun-16

The majority of pollsters predicting the result of the UK’s referendum on whether to remain a member of the European Union got the result wrong with their final polls released in the week before the referendum. The final result shows that 51.9 per cent of Britons opted to leave the EU, while 48.1 per cent wanted to remain in the EU. This was a close result, but of the six polls released on the day before the referendum only two correctly predicted that the majority of Britons would vote for so-called ‘Brexit’. TNS and Opinium produced poll results of 51 per cent for Leave and 49 per cent for Remain when those who were undecided or not voting are excluded. Both of these polls were conducted online. Of the four polls that predicted a victory for Remain, two were conducted online and two were conducted via telephone. The final results of the referendum show that using a methodology that provides the most accurate possible measure of a population’s key demographics – which includes polling people who may not be easily reached by traditional polling methods such as the landline telephone – is the key to producing an accurate representation of the people’s feelings on a matter. Roy Morgan believes that its multi-mode polling methodology that utilises an addressed based probability sample including face-to-face interviewing, landline telephones and mobile telephones, and can incorporate online polling as well, is the best way to provide an accurate representation of how the population thinks about a given matter.

CORPORATES
ROY MORGAN RESEARCH LIMITED, TNS, OPINIUM

Liberals hold all Top 10 seats for Private Health Insurance cover, and ALP only three of the Top 25

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

A Roy Morgan Single Source survey conducted since the last federal election in October 2013 shows that 61 per cent of Liberal Party voters have private health insurance, ahead of National Party voters (53 per cent), Greens voters (51 per cent) and ALP voters (47 per cent). Each of the Top 10 electorates where voters are most likely to have private health insurance are held by the Liberal Party. They include the seats of Berowra and Moore, where 82 per cent of voters have private health insurance. The seat of Perth is the highest-ranking ALP-held electorate, with 70 per cent of voters having private health insurance.

CORPORATES
ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS

Netflix streams ahead of the rest

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Original article by Paul Smith
The Australian Financial Review – Page: 31 : 27-Jun-16

Research by Telsyte has concluded that Australia will boast 2.7 million active online streaming video subscriptions by the end of June 2016, including 1.9 million paid subscriptions. The number of paid subscriptions is expected to rise to 4.1 million by mid-2019, based on current growth rates. Meanwhile, Telsyte MD Foad Fadaghi forecasts that the pay-TV sector will record compound annual growth rate of less than four per cent over the next four years.

CORPORATES
TELSYTE PTY LTD, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD, QUICKFLIX LIMITED – ASX QFX, FOXTEL MANAGEMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, AMAZON PRIME, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL BASKETBALL ASSOCIATION, ULTIMATE FIGHTING CHAMPIONSHIP

Developers will cut jobs if Labor wins

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Original article by Michael Bleby
The Australian Financial Review – Page: 6 : 27-Jun-16

Research by the Urban Development Institute of Australia has found that the Federal Opposition’s proposed changes to the negative gearing regime would prompt many residential property developers to shed staff and build fewer homes. The survey also found that 72 per cent of respondents expect that rents would rise as a result of the changes to negative gearing, while more than 50 per cent expect that house prices would fall.

CORPORATES
URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, AUSTRALIAN LABOR PARTY, SQM RESEARCH PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, STOCKLAND – ASX SGP, NATIONAL SHELTER

Find that extra faith as true believers: Shorten

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Original article by Rosie Lewis
The Australian – Page: 7 : 27-Jun-16

The Australian Labor Party held its second federal campaign launch on 26 June 2016, on the same day that the Coalition officially launched its election campaign. Opposition Leader Bill Shorten said the future of Medicare will be a key theme for Labor during the remainder of the election campaign, and he warned of the risks of re-electing a "divided" Coalition government.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, QUEENSLAND. DEPT OF THE PREMIER AND CABINET

Europe aftershocks set to rattle the globe

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Original article by Mark Mulligan
The Australian Financial Review – Page: 22 : 24-Jun-16

Futures traders expect Australia’s benchmark S&P/ASX 200 to be flat or rise slightly when trading resumes on 27 June 2016. However, European sharemarkets and the British pound could be further sold down in the next week, in the wake of the UK’s vote to leave the European Union. Meanwhile, Paul Bloxham of HSBC expects the Reserve Bank of Australia to leave the cash rate on hold in July, noting that low inflation remains the central bank’s focus.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, BANK OF ENGLAND, EUROPEAN CENTRAL BANK, JP MORGAN AND COMPANY INCORPORATED, LOMBARD STREET RESEARCH LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER

Ten deal opens board seat to Gordon

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Original article by Jake Mitchell
The Australian – Page: 23 : 27-Jun-16

The affiliation agreement with Bruce Gordon’s WIN Corporation may prompt Ten Network to offer a board seat to the billionaire. WIN CEO Andrew Lancaster is expected to become Gordon’s representative on the Ten board. Ten had previously declined to give Gordon board representation due to conflict of interests concerns, as he is a major shareholder in both Ten and Nine Entertainment Company. WIN’s content supply agreement with Ten commences on 1 July 2016.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, FOXTEL MANAGEMENT PTY LTD, DEUTSCHE BANK AG, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS

PM’s Brexit pitch for stability

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 27-Jun-16

Prime Minister Malcolm Turnbull officially launched the Coalition’s election campaign on 26 June 2016. He warned that voting for minor political parties could result in the Opposition forming a minority government, arguing that the economic and financial market uncertainty created by the UK’s vote to leave the European Union means the Coalition is best-placed to manage the Australian economy. Turnbull also announced some $A390m of new spending measures.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA

Changing channels: execs brace for uncertainty as regional stations meet new partners

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Original article by Jake Mitchell
The Australian – Page: 23 : 27-Jun-16

Media buying agencies have had to cancel some advertising sales deals that were booked prior to the new regional TV affiliation agreements that take effect on 1 July 2016. WIN Corporation and Southern Cross Media Group will switch metropolitan affiliates, which is likely to cause confusion among some viewers and affect media buyers’ ad sales in July. The media landscape is expected to face further changes if cross-media ownership laws are abolished, with the prospect of mergers between metropolitan and regional networks.

CORPORATES
WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, OPTIMUM MEDIA DIRECTION PTY LTD, SEVEN NETWORK LIMITED, SMI MEDIA INCORPORATED, PRIME MEDIA GROUP LIMITED – ASX PRT