Author: roymorgansocial

Palmer and Packer up in top stocks

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Original article by John Stensholt
The Australian Financial Review – Page: 21 & 26 : 26-May-16

Reliance Worldwide Corporation chairman Jonathan Munz and WiseTech Global CEO Richard White will appear on the "BRW" Rich 200 List for the first time in 2016, with estimated wealth of $A1.07bn and $A657m respectively. Meanwhile, some members of the Rich List have increased their fortunes by investing in speculative resources stocks, including James Packer, Mark Creasy and Kerry Harmanis.

CORPORATES
RELIANCE WORLDWIDE CORPORATION LIMITED – ASX RWC, WISETECH GLOBAL LIMITED – ASX WTC, MOD RESOURCES LIMITED – ASX MOD, GASCOYNE RESOURCES LIMITED – ASX GCY, ALICANTO MINERALS LIMITED – ASX AQI, DE GREY MINING LIMITED – ASX DEG, BEADELL RESOURCES LIMITED – ASX BDR, MINERALOGY PTY LTD, CROWN RESORTS LIMITED – ASX CWN, PARADICE INVESTMENT MANAGEMENT PTY LTD, JUBILEE MINES NL, XSTRATA AG, BLACKMORES LIMITED – ASX BKL, ACONEX LIMITED – ASX ACX, SMART PARKING LIMITED – ASX SPZ, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, MILLENNIUM MINERALS LIMITED – ASX MOY

ANZ-Roy Morgan Australian Consumer Confidence creeps higher – up 0.6pts to 115.7

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

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose 0.5 per cent to 115.7 in the week ended 22 May 2016. It has risen 3.6 per cent over the past four weeks. The latest increase likely reflects several factors, including last week’s jobs report (which confirmed healthy conditions in the labour market), strong auction clearance rates, the positive impact from the RBA rate cut three weeks ago and ongoing gains in equity markets since early April. Consumers’ views towards their finances in the next 12 months rose 3.4 per cent, but consumers’ views toward economic conditions in the next 12 months fell slightly.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA

TV today: free and paid, linear and on demand

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

A Roy Morgan Single Source survey has found that 95.4 per cent of Australians aged 14+ watched TV in some form in the first four months of 2016. The survey also shows that 90.2 per cent of Australians watched any ‘linear’ free-to-air (FTA) TV during an average week. Meanwhile, 34.8 per cent watched TV ‘On Demand’ in an average four weeks, including the FTA networks’ catch-up services and Subscription Video on Demand (SVOD) services, while 26.7 per cent watched ‘linear’ Foxtel in an average four weeks.

CORPORATES
ROY MORGAN RESEARCH LIMITED, FOXTEL MANAGEMENT PTY LTD

Arthouse buffs see more films overall, including almost as many mainstream movies as other cinema-goers

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

A Roy Morgan Single Source survey has found that of the one million Australians aged 14+ who see arthouse or foreign-language movies at the cinema, 58 per cent saw just one such film in an average three months during the year to December 2015. Meanwhile, 30 per cent saw two or three such films, and the remaining 12 per cent saw four or more. Overall, at an average of two such films each per quarter, it adds up to a total of eight arthouse/foreign films over the year. The survey also shows that arthouse movie audiences also saw an average of 14 films at cinemas in 2015 (3.5 per quarter on average) – which therefore includes six mainstream movies. The 8.4 million cinema-goers who do not see any arthouse or foreign-language movies in a three-month period only averaged nine movies each over the course of the year.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Harvey Norman brushes off rival threat

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 25-May-16

Steinhoff International currently has two POCO stores in Australia, which sell a range of household appliances, furniture and home renovation products. Steinhoff is believed to be planning to expand its POCO chain to at least 45 stores in the next several years, and may seek to acquire some Masters sites. Harvey Norman chairman Gerry Harvey has downplayed the impact that the POCO expansion will have on his company, arguing that they offer a different product mix.

CORPORATES
STEINHOFF INTERNATIONAL HOLDINGS LIMITED, POCO AUSTRALIA, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, THE GOOD GUYS, JB HI-FI LIMITED – ASX JBH, FREEDOM FURNITURE, SNOOZE SLEEP WELL PTY LTD, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, BEST AND LESS PTY LTD, HARRIS SCARFE HOLDINGS LIMITED, CONFORAMA, HARVEYS, PEP CORPORATION, POSTIE PLUS GROUP LIMITED, RETRAVISION (AUSTRALIA) PTY LTD, CLIVE ANTHONYS PTY LTD, BRASHS PTY LTD, RICK HART DISCOUNTS, CLIVE PEETERS, BREVILLE GROUP LIMITED – ASX BRG, ROBINHOOD AUSTRALIA PTY LTD, EVERDURE, BLANCO PTY LTD

Flight Centre slides as brokers cut forecasts

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Original article by Jamie Freed
The Australian Financial Review – Page: 15 : 25-May-16

Shares in Flight Centre Travel Group have shed 13.5 per cent in two trading sessions, in the wake of an earnings downgrade. The stock closed five per cent lower at $A31.88 on 24 May 2016. Deutsche Bank has reduced its 12-month share price target by 25 per cent to $A36, while Bell Potter’s target price has been slashed by 12 per cent to $A35.70. Deutsche has also reduced its recommendation on the stock from "buy" to "hold".

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, DEUTSCHE BANK AG, BELL POTTER SECURITIES LIMITED, MACQUARIE EQUITIES LIMITED, AUNT BETTY

Watchdog drops action against CFMEU boss

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Original article by Ewin Hannan
The Australian Financial Review – Page: 9 : 25-May-16

Fair Work Building & Construction will not proceed with legal action against Michael O’Connor, the national secretary of the Construction, Forestry, Mining & Energy Union. In February 2016, FWBC accused O’Connor and 12 other union officials of engaging in unlawful industrial action by targeting construction contractor De Martin & Gasparini. FWBC has conceded that O’Connor was not in a photograph that was presented as evidence in the case against the CFMEU officials.

CORPORATES
FAIR WORK BUILDING AND CONSTRUCTION, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, DE MARTIN AND GASPARINI PTY LTD, BORAL LIMITED – ASX BLD, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Business united in push for PM’s economic agenda

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Original article by David Crowe
The Australian – Page: 1 & 6 : 25-May-16

Support for the Federal Government’s push to reduce the corporate tax rate will be a key element of the Australian Chamber of Commerce & Industry’s policy agenda, which will be launched on 25 May 2016. ACCI CEO James Pearson has urged bipartisan support for the eventual adoption of a uniform tax rate for all businesses, arguing that this is necessary in order to encourage investment and create jobs. Meanwhile, Opposition Leader Bill Shorten has defended the Australian Labor Party’s economic plan, stressing that its focus is on "fairness".

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Mid-cap returns surge 54pc in past five years

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Original article by Jessica Sier
The Australian Financial Review – Page: 24 : 25-May-16

Australia’s S&P/ASX MidCap 50 Index has gained nearly 14 per cent in 2016, while the benchmark S&P/ASX 200 has shed two per cent. Meanwhile, mid-capitalisation stocks have delivered total returns of 54 per cent over the last five years. While the benchmark index is heavily weighted toward banks and resources groups, the MidCap 50 includes a more diverse range of sectors. Treasury Wine Estates, Domino’s Pizza Enterprises and REA Group are among the top performers in the index over the last 12 months.

CORPORATES
STANDARD AND POOR’S ASX MIDCAP 50 INDEX, STANDARD AND POOR’S ASX 200 INDEX, TREASURY WINE ESTATES LIMITED – ASX TWE, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, REA GROUP LIMITED – ASX REA, COMMONWEALTH SECURITIES LIMITED, HYPERION ASSET MANAGEMENT LIMITED, ARNHEM INVESTMENT MANAGEMENT PTY LTD, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, PRIMARY HEALTH CARE LIMITED – ASX PRY, ANSELL LIMITED – ASX ANN

Stockpiles of iron ore drive prices lower

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Original article by Matt Chambers, Barry FitzGerald
The Australian – Page: 19 & 28 : 25-May-16

New data shows that iron ore stockpiles at Chinese ports have risen to 100.45 million tonnes, which is the highest level in 14 months. This could put further downward pressure on the benchmark price of iron ore, which has retreated from recent highs. Macquarie Group now expects the iron ore price to average about $US50 per tonne in 2017, compared with its previous forecast of $US45.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, METAL BULLETIN LIMITED, ATLAS IRON LIMITED – ASX AGO, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, BLUESCOPE STEEL LIMITED – ASX BSL, ARRIUM LIMITED – ASX ARI, RESERVE BANK OF AUSTRALIA