Author: roymorgansocial

Retail investors face lockout from IPOs if proposals adopted

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Original article by Sally Patten
The Australian Financial Review – Page: 21 : 3-Jun-16

The ASX argues that proposed changes to listing rules are intended to enhance the Australian bourse’s reputation as a market of "quality and integrity". However, the Australian Shareholders’ Association is concerned that the changes outlined in a recent consultation paper will make it harder for retail investors to participate in IPOs. The ASX proposes to introduce a minimum free-float of 20 per cent and scale back the minimum number of shareholders a company must have at the time of its IPO.

CORPORATES
ASX LIMITED – ASX ASX, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, STANDARD AND POOR’S ASX 200 INDEX

Ross Greenwood – Election too close to call

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Original article by Roy Morgan Research
2GB – Page: Online : 1-Jun-16

2GB presenter Ross Greenwood spoke to Roy Morgan Research executive chairman Gary Morgan about the latest Morgan Poll on 30 May 2016. The poll shows that the federal election is too close to call, with the Australian Labor Party leading the Coalition 51 per cent to 49 per cent on a two-party preferred basis. The Morgan Poll also shows that the Nick Xenophon Team, which is led by independent senator Nick Xenophon, is polling better than the Australian Labor Party in South Australia. Gary Morgan also stressed the need for changes to the Fair Work regime in order to create jobs, and noted that the economy is the key issue in the 2016 election campaign.

CORPORATES
MORGAN POLL. ROY MORGAN RESEARCH LIMITED. 2GB. LIBERAL PARTY OF AUSTRALIA. NATIONAL PARTY OF AUSTRALIA. AUSTRALIAN LABOR PARTY. NICK XENOPHON GROUP. AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

L-NP in front in NSW & WA and ALP well in front in Victoria but parties dead-level in Queensland after LNP elect new Leader Tim Nicholls

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 1-Jun-16

An SMS Morgan Poll on State voting intention, which was carried out from 20-22 May 2016, has found that support for the L-NP Government in New South Wales has fallen by 1.5 per cent to 53.5 per cent on a two-party preferred basis, while Mike Baird’s rating as "Better Premier" has fallen by 2.5 per cent to 62 per cent. In Victoria, support for the ALP Government has risen by one per cent to 56 per cent on a two-party preferred basis, while Daniel Andrews’ rating as "Better Premier" has risen by 0.5 per cent to 63.5 per cent. In Queensland, support for the ALP Government has fallen by two per cent to 50 per cent on a two-party preferred basis, and Annastacia Palaszczuk’s rating as "Better Premier" has fallen by six per cent to 57.5 per cent.

CORPORATES
MORGAN POLL. ROY MORGAN RESEARCH LIMITED. LIBERAL PARTY OF NEW SOUTH WALES. NEW SOUTH WALES. DEPT OF PREMIER AND CABINET. NATIONAL PARTY OF AUSTRALIA. AUSTRALIAN LABOR PARTY. LIBERAL-NATIONAL PARTY OF QUEENSLAND. QUEENSLAND. DEPT OF THE PREMIER AND CABINET. LIBERAL PARTY OF VICTORIA. VICTORIA. DEPT OF PREMIER AND CABINET. LIBERAL PARTY OF WESTERN AUSTRALIA. WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET. LIBERAL PARTY OF SOUTH AUSTRALIA. SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET. LIBERAL PARTY OF TASMANIA. TASMANIA. DEPT OF PREMIER AND CABINET. AUSTRALIAN GREENS. PALMER UNITED PARTY. CHRISTIAN DEMOCRATIC PARTY. COUNTRY ALLIANCE. KATTER’S AUSTRALIAN PARTY. FAMILY FIRST PARTY AUSTRALIA LIMITED. NICK XENOPHON TEAM

Backpacker dip slows tourism growth

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Original article by Lisa Allen
The Australian – Page: 21 : 2-Jun-16

New data shows that the number of Chinese tourists visiting Australia rose by 23 per cent in the year to March 2016, while there was five per cent growth in tourists from New Zealand. Meanwhile, inbound tourists spent a record $A38bn in Australia during the year, which is 16.6 per cent higher than previously. However, there was a sharp downturn in the number of backpackers visiting Australia and the amount of money they spent.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Living next door to Aldi

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Original article by Catie Low
The Australian Financial Review – Page: 19 & 24 : 2-Jun-16

Tom Kierath of Morgan Stanley expects grocery retailer Aldi to achieve strong growth in Australian market share in coming years, as the Germany-based group expands its store network. Tasman Market Fresh Meats is among the independent food retailers that have benefited from having stores located near an Aldi outlet, as consumers often do top-up shops after doing their main grocery shop at Aldi.

CORPORATES
ALDI STORES SUPERMARKETS PTY LTD. TASMAN MARKET FRESH MEATS PTY LTD. RITCHIES STORES PTY LTD. MORGAN STANLEY AUSTRALIA LIMITED. IGA. UBS HOLDINGS PTY LTD. LIDL GMBH & CO KG. COLES SUPERMARKETS AUSTRALIA PTY LTD

Economists say growth stunner won’t stop RBA rate cut

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Original article by Jessica Sier
The Australian Financial Review – Page: 32 : 2-Jun-16

Deutsche Bank’s Adam Boyton says inflation will be a bigger influence on the Reserve Bank of Australia’s monetary policy deliberations than GDP data. New figures show that the economy expanded by a higher-than-expected 1.1 per cent in the March 2016 quarter, with year-on-year growth of 3.1 per cent. There is general consensus among economists that there will be at least one more interest rate cut in 2016, although Craig James of CommSec cautions that this could put more upward pressure on house prices.

CORPORATES
DEUTSCHE BANK AG. RESERVE BANK OF AUSTRALIA. COMMONWEALTH SECURITIES LIMITED. AUSTRALIAN BUREAU OF STATISTICS. NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Coppleson predicts victory for Coalition government

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Original article by James Thomson
The Australian Financial Review – Page: 33 : 2-Jun-16

Richard Coppleson of Bell Potter has forecast that the Australian Government will be returned to office on 2 July 2016 with a reduced majority of eight seats. He notes in the latest edition of the "Coppo Report" that a federal government has been ousted after one term just once in almost eight decades. Coppleson also notes that since 1949 there has always been a swing against the incumbent government at the first election after it took office.

CORPORATES
BELL POTTER SECURITIES LIMITED. AUSTRALIAN LABOR PARTY

You beauty! Buying cosmetics and skincare online becoming more popular

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Jun-16

A Roy Morgan Single Source survey has found that 370,000 Australians aged 14+ bought cosmetics from an online retailer in an average four weeks in the year to March 2016, compared with 316,000 in the year to March 2015. Meanwhile, the number of Australians who bought skin-care products online rose from 283,000 to 367,000 over the same period, while the number who bought both types of product online rose from 108,000 to 120,000. The survey also shows that Australian consumers favour local online retailers when purchasing both cosmetics and skin-care products online.

CORPORATES
ROY MORGAN RESEARCH LIMITED

CFMEU labourers on $150k a year

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Original article by Elizabeth Colman
The Australian – Page: 6 : 2-Jun-16

New figures show that some construction workers in Australia’s eastern states are earning significantly more than the industrial award rate under enterprise bargaining agreements. Carpenters covered by union agreements in Queensland earn $A160,702 a year, while the award wage is just $A87,064. Likewise, building site labourers in Victoria are paid $A152,002 a year under an EBA. Master Builders Australia CEO Wilhelm Harnisch says construction workers’ EBA wages fail the "pub test".

CORPORATES
MASTER BUILDERS AUSTRALIA INCORPORATED. CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA. AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET. 2GB. AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

Rio’s lithium category-killer set to shock boom’s hopefuls

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Original article by Barry FitzGerald
The Australian – Page: 22 : 2-Jun-16

Rio Tinto will spend an additional $US20m ($A27.5m) on its Jadar lithium-borate project in Serbia. The Jadar discovery is the only site in the world that features both lithium and borate, which has led to the official recognition of a new mineral called jadarite. Rio Tinto estimates that the Jadar project could eventually account for more than 10 per cent of the global supply of lithium, which is in high demand for use in electric vehicles.

CORPORATES
RIO TINTO LIMITED – ASX RIO