Author: roymorgansocial

Analysts tip Nine shares to recover

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Original article by Max Mason
The Sydney Morning Herald – Page: 23 : 7-Apr-16

Nine Entertainment Company’s share price closed 2.2 per cent higher at $A1.18 on 6 April 2016. The stock had shed 23.7 per cent in the previous trading session, in response to a sharp fall in earnings for the third quarter of 2015-16. Nine was hit by disappointing ratings, but some media buyers expect its performance to improve with several popular programs set to return shortly. Meanwhile, UBS and Deutsche Bank analysts have "buy" recommendations on the stock.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, UBS HOLDINGS PTY LTD, DEUTSCHE BANK AG, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, SMI MEDIA INCORPORATED, OZTAM PTY LTD

Go for gold with copper, Rio urged

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Original article by Amanda Saunders
The Australian Financial Review – Page: 19 : 6-Apr-16

Bernstein analyst Paul Gait says Rio Tinto should capitalise on the low price of copper and expectations of a supply deficit to pursue acquisitions in the sector. Gait has suggested that Freeport-McMoRan’s Cerro Verde copper mine in Peru should be at the top of the list of potential acquisitions when Jean-Sebastien Jacques succeeds Sam Walsh as CEO. Gait notes that Cerro Verde is a much higher-quality asset than some copper mines that have been sold recently.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BERNSTEIN AND ASSOCIATES, FREEPORT-McMORAN COPPER AND GOLD INCORPORATED, BHP BILLITON LIMITED – ASX BHP, WOOD MACKENZIE, MMG LIMITED – ASX MMG, ANTOFAGASTA PLC, SUMITOMO CORPORATION, COMPANIA DE MINAS BUENAVENTURA SA, ANGLO AMERICAN PLC, AUDLEY CAPITAL, FIRST QUANTUM MINERALS LIMITED, BOLIDEN MINERAL AB

ANZ-Roy Morgan Australian Consumer Confidence down 1.1pts to 113.4

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Apr-16

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell one per cent to 113.4 in the week ended 3 April 2016, following a fall of 1.6 per cent over the previous two weeks. After being on an upward trend for the past eight weeks, the four-week moving average is now falling. Consumers’ views around the economic outlook over the next five years fell 7.6 per cent, although consumers’ views towards their finances compared to a year ago rose 2.6 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

What a broad land tax would cost you

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Original article by Robert Harley
The Australian Financial Review – Page: 5 : 6-Apr-16

A McKell Institute report has described land tax as "equitable and efficient". However, while replacing stamp duty on property purchases with an annual land tax may have its merits, family homes are not subject to the land tax regime at present. Modelling by Deloitte Access Economics in 2015 concluded that a land tax would cost the average homeowner about $A2,360 a year. A report by KMPG has estimated that the annual land tax burden could be much higher for most homeowners in New South Wales.

CORPORATES
THE McKELL INSTITUTE, DELOITTE ACCESS ECONOMICS PTY LTD, KPMG AUSTRALIA PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, NSW BUSINESS CHAMBER LIMITED, COUNCIL OF SOCIAL SERVICE OF NEW SOUTH WALES

Australians spent 552 million hours Googling in 2015

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Apr-16

A Roy Morgan Single Source survey has found that 6,903,000 Australians aged 14+ (86 per cent) visited the Google Search page at least once during an average four-week period in the year to December 2015. Some 1,929,000 visited Bing and 1,820,000 visited Yahoo!7. The survey also shows that 99 per cent of people who use Bing or Yahoo!7 also use Google. Meanwhile, Google Search visitors averaged a touch over 2.5 hours each on the site in an average four weeks in 2015, for an estimated total of 552 million hours of national Googling over the year. Bing visitors spend almost 24 minutes on Bing on average during a four-week period, for a combined national Bing time of not-quite 10 million hours in 2015. However Yahoo!7 Search visitors spend only a little over seven minutes on the site each on average (tallying less than three million hours in 2015).

CORPORATES
ROY MORGAN RESEARCH LIMITED, GOOGLE INCORPORATED, BING, YAHOO!7 COMMUNICATIONS AUSTRALIA PTY LTD

Australians’ drinking habits distilled into 100 glasses

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Apr-16

A Roy Morgan Single Source survey has found that Australians aged 18+ drank just over 426 million glasses of alcohol between them in the year to December 2015. This is an average of 23 glasses per person every four weeks. The survey also shows that for every 100 glasses of liquor consumed by Australians in an average four weeks, 48 glasses are beer, 25 are still wine, 11 are spirits, six are Ready-To-Drink, four are sparkling wine/Champagne, three are cider, two are liqueur and one is fortified wine. Meanwhile, analysis by age group shows that beer comprises 50 glasses out of each 100 consumed by the 18-24 year-old-age bracket, but only 42 among drinkers aged 65+, while wine accounts for 48 of every 100 glasses drunk by the 65+ demographic.

CORPORATES
ROY MORGAN RESEARCH CENTRE PTY LTD

Strong $A may force RBA’s hand

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Original article by David Rogers
The Australian – Page: 19 & 28 : 6-Apr-16

AMP Capital Investors’ Shane Oliver says the Reserve Bank of Australia is unlikely to increase the cash rate for some time. He says the prospect of slowing economic growth could prompt further easing of monetary policy in the near-term. The central bank left official interest rates on hold at two per cent on 5 April 2016, and gave indications that a further rise in the Australian dollar or an increase in unemployment could provide the impetus for a rate cut.

CORPORATES
RESERVE BANK OF AUSTRALIA, AMP CAPITAL INVESTORS LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, JP MORGAN AUSTRALIA LIMITED, STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, UNITED STATES. FEDERAL RESERVE BOARD

Westpac accused of fixing market

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Original article by Leo Shanahan
The Australian – Page: 19 & 23 : 6-Apr-16

Westpac may face financial penalties of up to $A18m if allegations that it attempted to manipulate the bank bill swap rate are proven. The Australian Securities & Investments Commission’s statement of claim identifies 16 separate occasions on which the banking major is said to have engaged in such activity. The ANZ Bank is already subject to legal action by ASIC for manipulating the bank bill swap rate, while the Commonwealth Bank and National Australia Bank are being investigated.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FEDERAL COURT OF AUSTRALIA

Government weighing up broadcasters’ revenue fees

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Original article by Max Mason
The Australian Financial Review – Page: 25 : 6-Apr-16

Australia’s Communications Minister Mitch Fifield agrees that there is a need for changes to TV and radio broadcasting licence fees. However, Fifield has downplayed suggestions that a reduction in licence fees could be included in the May 2016 Budget, noting the Federal Government’s "constrained fiscal circumstances". TV networks have lobbied for the licence fee to be scrapped or reduced to just one per cent of revenue, but Fraser McLeish of Credit Suisse expects the fee to be reduced progressively over several years.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, CREDIT SUISSE (AUSTRALIA) LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Streaming ‘a plague’ on regions

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Original article by Gina Rushton
The Australian – Page: 20 : 6-Apr-16

Court proceedings on 5 April 2016 in the legal dispute between Nine Entertainment Company and regional affiliate WIN Corporation centred on the definition of "broadcast". WIN’s barrister, Tony Bannon, argued that the term includes live streaming as well as traditional TV broadcasts. WIN is seeking to have Nine barred from streaming its TV channels into regional markets, in order to protect its own advertising revenue.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, NINE NETWORK AUSTRALIA LIMITED, SUPREME COURT OF NEW SOUTH WALES, PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN