Author: roymorgansocial

Television ad market slumps as Nine, regional broadcasters’ shares slide

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Original article by Jake Mitchell
The Australian – Page: 21 : 16-Mar-16

Standard Media Index data shows that free-to-air TV advertising revenue in Australia’s capital cities fell by 4.6 per cent to $A182.6m in February 2016. The Seven Network’s share of ad revenue rose from 39 per cent to 40.4 per cent, while the Nine Network’s share fell from 39.9 per cent to 35.5 per cent and the Ten Network’s share rose from 21.1 per cent to 24.3 per cent. Meanwhile, regional TV networks’ ad revenue was down 11.3 per cent, but there was 2.3 per cent growth in ad revenue for the subscription TV industry.

CORPORATES
SMI MEDIA INCORPORATED, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, WIN CORPORATION PTY LTD, NATIONAL RUGBY LEAGUE

Bank of Qld hit with second class action

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Original article by Georgia Wilkins
The Australian Financial Review – Page: 17 : 15-Mar-16

Law firm Quinn Emanuel Urquhart & Sullivan has launched legal action against Bank of Queensland, alleging that the bank "knowingly assisted" Sherwin Financial Planners in distributing-Ponzi-like products. The law firm is representing investors in the Petersen Superannuation Fund who invested in Money Market Deposit Accounts offered by Sherwin Financial Planners.

CORPORATES
BANK OF QUEENSLAND LIMITED – ASX BOQ, QUINN EMANUEL URQUHART AND SULLIVAN LP, WICKHAM SECURITIES LIMITED, SHERWIN FINANCIAL PLANNERS PTY LTD, FEDERAL COURT OF AUSTRALIA, DDH GRAHAM LIMITED, SHINE LAWYERS, BRISBANE MAGISTRATES’ COURT, PETERSEN SUPERANNUATION FUND

Polling the polls: the ultimate guide to the growing sport of political polling

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Original article by Edmund Tadros
The Australian Financial Review – Page: Online : 15-Mar-16

The six main public opinion polls that are currently produced in Australia use a range of methodologies. Roy Morgan Research’s Morgan Poll uses a combination of face-to-face and SMS surveys, which can be supplemented with additional polling via mobile and landline if necessary. In contrast, ReachTEL uses so-called robo-polling, while Galaxy uses a combination of robo-polling and online surveys for both its own polls and the Newspoll, which it has produced for "The Australian" since mid-2015. The Fairfax/Ipsos poll uses both telephone and mobile interviews, while the Essential poll uses an online survey panel.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, REACHTEL PTY LTD, GALAXY RESEARCH PTY LTD, NEWSPOLL, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, ESSENTIAL MEDIA COMMUNICATIONS PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UMR RESEARCH PTY LTD, HAWKER BRITTON PTY LTD, COLMAR BRUNTON SOCIAL RESEARCH PTY LTD, MACQUARIE UNIVERSITY, PALMER UNITED PARTY, THE NIELSEN COMPANY (AUSTRALIA) PTY LTD

Penn sticks to $1.3b Asia growth plan

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Original article by David Ramli
The Australian Financial Review – Page: 1 & 10 : 15-Mar-16

Shares in Telstra closed 2.33 per cent higher at $A5.28 on 14 March 2016, after the telco advised that negotiations for a mobile network joint venture in the Philippines have been terminated. Telstra had been prepared to invest about $US1bn ($A1.3bn) in the venture with San Miguel, and CEO Andy Penn says the telco is still interested in making an investment of a similar size in Asia. However, institutional investors says Telstra should carefully consider risk factors in any future investments in the region.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, SAN MIGUEL CORPORATION, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, NIKKO ASSET MANAGEMENT GROUP, GLOBE TELECOM INCORPORATED, PHILIPPINE LONG DISTANCE TELEPHONE COMPANY, QATAR TELECOM

Shorten to promise full employment

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Original article by Laura Tingle
The Australian Financial Review – Page: 4 : 15-Mar-16

A commitment to achieving full employment will be part of the Australian Labor Party’s 2016 federal election platform. Opposition Leader Bill Shorten will address the National Press Club on 16 March, where he will highlight issues such as job security, wage fairness, under-employment and the high jobless rate in some parts of Australia. He will also criticise Prime Minister Malcolm Turnbull’s lack of leadership in addressing issues facing the nation.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PRESS CLUB (AUSTRALIA)

Deutsche tips value stocks to outperform

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Original article by Jessica Sier
The Australian Financial Review – Page: 31 : 15-Mar-16

Australian equities with high price-earnings ratios have significantly outperformed the broader sharemarket in the last several years. However, Deutsche Bank says investors should consider buying into value stocks, forecasting that they are set to deliver the best returns. Deutsche Bank favours stocks such as Boral, Harvey Norman, Flight Centre Travel Group and AGL Energy.

CORPORATES
DEUTSCHE BANK AG, BORAL LIMITED – ASX BLD, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, AGL ENERGY LIMITED – ASX AGL, FORAGER FUNDS MANAGEMENT PTY LTD, WHITEHAVEN COAL LIMITED – ASX WHC, SOUTH32 LIMITED – ASX S32, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, COCHLEAR LIMITED – ASX COH, TREASURY WINE ESTATES LIMITED – ASX TWE, CSL LIMITED – ASX CSL, REA GROUP LIMITED – ASX REA, RAMSAY HEALTH CARE LIMITED – ASX RHC

Oil and gas players gaining confidence that the worst is over

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 15-Mar-16

The price of Brent crude oil was trading at around $US40 per barrel on 14 March 2016, compared with a low of around $US28/barrel in January. Beach Energy director Jim McKerlie expects the oil price to remain at around $US40 in the near-term, and he forecasts that it will eventually rebound. Meanwhile, Fat Prophets expects the price of Brent crude oil to be trading at around $US55/barrel by the end of 2016.

CORPORATES
BEACH ENERGY LIMITED – ASX BPT, FAT PROPHETS, INTERNATIONAL ENERGY AGENCY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, DRILLSEARCH ENERGY LIMITED, BERNSTEIN RESEARCH, AWE LIMITED – ASX AWE, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG

Dick Smith brand to be resurrected by e-commerce pioneer

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 15-Mar-16

Australian businessman Ruslan Kogan has bought Dick Smith Holdings’ intellectual property through an auction run by the receiver of the failed consumer electronics retailer. The size of the deal has not been disclosed. The site DickSmith.com.au will operate independently of Kogan.com. Kogan wants to list his company on the Australian stock exchange and raise $A300 million from investors.

CORPORATES
KOGAN TECHNOLOGIES PTY LTD, DICK SMITH HOLDINGS LIMITED – ASX DSH, FERRIER HODGSON AND COMPANY, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, KPMG AUSTRALIA PTY LTD

Foxtel price rise sparks backlash

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Original article by Dominic White
The Australian Financial Review – Page: 20 : 15-Mar-16

Pay-TV group has defended its decision to increase the cost of its basic package by $A1 per month to $A26, arguing that it is the first price rise in two years. Foxtel boasts around 2.7 million subscribers, and the modest increase could add about $A30m to its annual revenue. However, some customers complained on social media, noting that Foxtel is raising its prices after losing the English Premier League rights.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, ENGLISH PREMIER LEAGUE, SINGTEL OPTUS PTY LTD, PRESTO ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, SEVEN WEST MEDIA LIMITED – ASX SWM, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Seven CEO slams TV, film tax benefit gap

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Original article by Max Mason
The Australian Financial Review – Page: 20 : 15-Mar-16

The Australian Government’s tax offset for TV producers is just 20 per cent at present, compared with 40 per cent for producers of feature films. The free-to-air and pay-TV industry has urged the Government to match the tax offset for the film industry, with Seven West Media CEO Tim Worner arguing that many TV shows that are currently on hold would be in production if there was a level playing field. Ten Network CEO Paul Anderson adds that the tax offset’s current cap of 65 per cent should be abolished.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SCREEN PRODUCERS AUSTRALIA, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS