Author: roymorgansocial

Reforms could curb sport on free TV: Seven

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 9 : 1-Apr-16

Seven West Media CEO Tim Worner has cautioned the Australian Government against taking a "piecemeal" approach to media reform. He has told a Senate committee that relaxing cross-media ownership laws could allow the Ten Network to be acquired by pay-TV group Foxtel. This in turn could eventually result in more sporting events being removed from the anti-siphoning list and shown exclusively on pay-TV. Worner has also called for broadcasting licence fees to be scrapped or reduced.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, FOX SPORTS AUSTRALIA PTY LTD, V8 SUPERCARS AUSTRALIA PTY LTD, NOVA ENTERTAINMENT PTY LTD, ILLYRIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Roy Hill iron bound for China

roymorgansocial Leave a comment

Original article by Glenda Korporaal
The Australian – Page: 20 : 31-Mar-16

Chinese steelmaker Shougang International will shortly receive its inaugural shipment of iron ore from the Roy Hill project in Western Australia. The first shipment to China is scheduled to arrive at the port of Caofeidian in early April 2016. The Gina Rinehart-backed Roy Hill commenced exports in late 2015, and it is eventually slated to produce 55 million tonnes per annum.

CORPORATES
ROY HILL HOLDINGS PTY LTD, SHOUGANG GROUP, POSCO, ASIAN INFRASTRUCTURE INVESTMENT BANK, HANCOCK PROSPECTING PTY LTD, MARUBENI CORPORATION, CHINA STEEL CORPORATION

Lew inducted as retail legend

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 22 : 31-Mar-16

Premier Investments chairman Solomon Lew will join an exclusive group when he is inducted into the World Retail Congress Hall of Fame. He is the first Australian to be added to the hall of fame, whose members include the founders of international retail giants such as IKEA, Zara and Uniqlo. Tommy Hilfiger and Jo Malone will also be inducted into the hall of fame in 2016.

CORPORATES
PREMIER INVESTMENTS LIMITED – ASX PMV, WORLD RETAIL CONGRESS HALL OF FAME, IKEA INTERNATIONAL A/S, ZARA, UNIQLO COMPANY LIMITED, ARCADIA GROUP PLC, MARTHA STEWART LIVING OMNIMEDIA INCORPORATED, JUST JEANS PTY LTD, PETER ALEXANDER, SMIGGLE PTY LTD, DOTTI, PORTMANS PTY LTD, VOYAGER DISTRIBUTING COMPANY PTY LTD, PLAYCORP PTY LTD, CENTURY PLAZA INVESTMENTS PTY LTD, FCUK, NINE WEST AUSTRALIA PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, COUNTRY ROAD LIMITED, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, BUNNINGS GROUP LIMITED, SASS AND BIDE PTY LTD

Include ABC, SBS in reform says Nine boss

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 21 : 31-Mar-16

The Australian Government’s proposed media reforms should consider the option of merging the ABC and SBS, according to Nine Entertainment Company CEO Hugh Marks. He argues that a review of the two public broadcasters should be part any media reform agenda, noting that they have changed significantly since they were initially established. ABC MD Mark Scott recently called for to be merged with SBS.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS

Virgin-Air NZ divorce could trigger bid

roymorgansocial Leave a comment

Original article by Michael Smith
The Australian Financial Review – Page: 1 & 8 : 31-Mar-16

Air New Zealand has indicated that it may divest its 25.9 per cent stake in Virgin Australia Holdings to provide capital for its own growth strategy. Ailevon Pacific Aviation Consulting’s Oliver Lamb says there has been speculation in the aviation industry as to which of Virgin’s three largest shareholders would sell out first. Virgin shares closed at $A0.34 on 30 March 2016, valuing Air NZ’s stake at about $A310m. Virgin could potentially become a takeover target if Air NZ sells its stake.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AIR NEW ZEALAND LIMITED – ASX AIZ, AILEVON PACIFIC AVIATION CONSULTING, SINGAPORE AIRLINES LIMITED, ETIHAD AIRWAYS, VIRGIN GROUP LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, DEUTSCHE BANK AG, ANSETT AUSTRALIA HOLDINGS LIMITED, VIRGIN AMERICA INCORPORATED

States resist Turnbull offer to tax incomes

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 31-Mar-16

Prime Minister Malcolm Turnbull and Treasurer Scott Morrison will discuss fiscal matters at a meeting with their state counterparts on 1 April 2016. Turnbull will propose a new intergovernmental taxation arrangement. The proposal includes a cut of about two percentage points in income tax rates and the introduction of an income tax surcharge by states and territories to compensate for the negative effects of the income tax cut on their tax revenues. The states are divided in their opinions on the proposal.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, VICTORIA. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. NATIONAL COMMISSION OF AUDIT

Morrison declares open season on ASX

roymorgansocial Leave a comment

Original article by Patrick Durkin
The Australian Financial Review – Page: 44 : 31-Mar-16

Federal Treasurer Scott Morrison announced on 30 March 2016 that ASX Limited will no longer have a monopoly on clearing and settlement activities. Elmer Funke Kupper’s recent resignation as CEO of the stock exchange operator makes it ill-prepared for the coming changes. Morrison said no licences will be granted during a transition period. The ASX has therefore 18 months to prepare itself for a new regulatory regime.

CORPORATES
ASX LIMITED – ASX ASX, AUSTRALIA. DEPT OF THE TREASURY, CHI-X AUSTRALIA PTY LTD, TABCORP HOLDINGS LIMITED – ASX TAH, COUNCIL OF FINANCIAL REGULATORS, CONTANGO ASSET MANAGEMENT LIMITED, LONDON STOCK EXCHANGE, DEUTSCHE BOERSE, SOCIETE GENERALE SA, UNICREDIT SPA, CHICAGO MERCANTILE EXCHANGE, INTERCONTINENTAL EXCHANGE, SINGAPORE EXCHANGE LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TELSTRA CORPORATION LIMITED – ASX TLS, LONDON CLEARING HOUSE

Investors to get $9b dividend bonanza

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 15 & 20 : 31-Mar-16

Australian companies are expected to pay shareholders around $A19bn in interim dividends during March and April 2016. Fund managers estimate that almost $A9bn worth of dividends will be paid in the final week of March, including some $A3.4bn worth of dividends from the Commonwealth Bank. Meanwhile, CommSec’s Craig James warns that the current dividend payout ratio of 106.3 per cent of profits is not sustainable. Many shareholders are expected to reinvest their dividends in equities, particularly given the low returns from assets such as bonds.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH SECURITIES LIMITED, STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, PLATYPUS ASSET MANAGEMENT PTY LTD, PERPETUAL LIMITED – ASX PPT, WESTPAC BANKING CORPORATION – ASX WBC

Optus reaches out to one million Uber passengers

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Mar-16

A Roy Morgan Single Source survey has found that eight per cent of Australians aged 14+ with a Vodafone mobile service have travelled by Uber in the last three months, just ahead of the seven per cent of Optus or Virgin mobile customers. The survey, which was carried out in the six months to December 2015, also shows that only four per cent of Telstra’s mobile users travel by Uber. Meanwhile, Uber travellers made around 3.7 trips each with the service in the last three months, which is equivalent to an estimated 7.3 million passengers from July to December 2015. Optus mobile customers accounted for around 2.3 million of these passenger trips, while Telstra mobile customers made an estimated 1.8 million passenger trips.

CORPORATES
ROY MORGAN RESEARCH LIMITED, UBER TECHNOLOGIES INCORPORATED, VODAFONE AUSTRALIA LIMITED, SINGTEL OPTUS PTY LTD, VIRGIN MOBILE (AUSTRALIA) PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS

Wine and wilderness: on holiday in Western Australia

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Mar-16

A Roy Morgan Single Source survey has found that 935,000 Australians aged 14+ went to Western Australia for their last domestic holiday, which is 127,000 higher than two years ago. The survey, which was carried out in the year to December 2015, also shows that people whose last holiday was in WA were 131 per cent more likely than the average domestic traveller to have visited at least one winery/vineyard. They were also 93 per cent more likely than the average Australian holiday-goer to have visited a wilderness area, 53 per cent more likely to have gone fishing or hunting, 48 per cent more likely to have been to a National Park and 46 per cent more likely to have gone bicycling. On the other hand, people whose last holiday was in WA tended to be below-average in terms of participation in more urbane holiday pursuits like going to art galleries, visiting a casino and going to a theme/entertainment park.

CORPORATES
ROY MORGAN RESEARCH LIMITED