Author: roymorgansocial

Imputation query as company tax cut gives biggest bang

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 10-Feb-16

Prime Minister Malcolm Turnbull has ruled out increasing the GST to finance income tax cuts, after telling Coalition MPs that economic modelling has shown that it would not be economic feasible. The modelling showed that using a higher GST to finance company tax cuts would achieve the greatest economic benefit. Meanwhile, Australian Industry Group CEO officer Innes Willox has proposed reducing the company tax rate from 30 per cent to 20 per cent by scrapping the dividend imputation system.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF THE TREASURY, MACQUARIE UNIVERSITY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NORTHERN TERRITORY. DEPT OF THE CHIEF MINISTER, COUNCIL FOR THE AUSTRALIAN FEDERATION

We’re all going on a summer holiday

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Feb-16

A Roy Morgan Single Source survey has found that 29 per cent of Australians aged 14+ whose last holiday was domestic travelled during the summer months. In contrast, 26 per cent chose to go on holiday in autumn, followed by winter (23 per cent) and spring (23 per cent). The survey, which was carried out in the year to September 2015, also shows that Tasmania is more likely than other states to attract holiday-makers during the summer months than any other season (35 per cent), while Brisbane is the most popular capital city for domestic holidays during summer (38 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED

The Uber phenomenon

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Feb-16

A Roy Morgan Single Source survey has found that 5.1 per cent of Australians aged 14+ (or 989,000 people) reported travelling by Uber at least once in any given three-month period in the six months to Decembers 2015. Almost three quarters of them were aged between 18 and 34, while less than 10 per cent were aged 50+. Meanwhile, 5.3 per cent of Australians have downloaded the Uber app, and more than six in every 10 of them are in the younger age brackets. The survey also shows that Uber is most popular among West Australians, of whom 10.5 per cent travel by Uber in any given three months, while 7.6 per cent have downloaded the Uber app.

CORPORATES
ROY MORGAN RESEARCH LIMITED, UBER TECHNOLOGIES INCORPORATED

Vegetarianism on the rise in New Zealand

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Feb-16

A Roy Morgan Single Source survey has found that 10.3 per cent of New Zealanders aged 14+ said that the food they eat is all, or almost all, vegetarian in the year to June 2015. This compares with 8.1 per cent in the year to June 2011. While the incidence of vegetarianism is up across all major demographic segments, the strongest growth has been among men (up 63 per cent, from 5.7 per cent to 9.3 per cent), 14-24 year-olds (up 55 per cent, from 8.6 per cent to 13.3 per cent), and 25-34 year-olds (up 45 per cent, from 9.5 per cent to 13.8 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Asciano backs $9.1b takeover bid from Qube

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 & 20 : 9-Feb-16

A consortium headed by Qube Holdings has gained the support of Asciano’s board after sweetening its takeover offer. The consortium’s revised offer of $A7.04 in cash and one Qube share values the bid at $A9.05bn. Asciano’s board had previously recommended the rival bid of Brookfield Infrastructure Partners, but it will be able to change its recommendation if Brookfield fails to match or exceed the Qube bid within five days. Brookfield’s bid is scheduled to lapse on 18 February.

CORPORATES
ASCIANO LIMITED – ASX AIO, QUBE HOLDINGS LIMITED – ASX QUB, BROOKFIELD INFRASTRUCTURE PARTNERS LP, GLOBAL INFRASTRUCTURE PARTNERS, CANADA PENSION PLAN INVESTMENT BOARD, CHINA INVESTMENT CORPORATION, BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION, GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD, QATAR INVESTMENT AUTHORITY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PATRICK CORPORATION LIMITED, PACIFIC NATIONAL PTY LTD

Building sector wants more women leaders

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Original article by Michael Bleby
The Australian Financial Review – Page: 39 : 9-Feb-16

Australian companies are taking steps to reduce gender imbalance among their staff. Buildcorp has hired a number of women with a non-building industry background. Buildcorp principal Josephine Sukkar says there are now three women among 33 mid-level project managers and engineers. The Property Male Champions of Change program is meant to facilitate the entry of women into the sector.

CORPORATES
BUILDCORP COMMERCIAL PTY LTD, ERNST AND YOUNG, STOCKLAND – ASX SGP, SCENTRE GROUP – ASX SCG, DEXUS PROPERTY GROUP – ASX DXS, GPT GROUP – ASX GPT

JB Hi-Fi grabs bigger share after Dick Smith’s demise

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 9-Feb-16

Listed consumer electronics retailer JB Hi-Fi has posted a 2015-16 interim net profit of $A95.2m, which is 7.5 per cent higher than previously. Sales were 7.7 per cent higher at $A2.12bn, while same-store sales rose by 5.2 per cent. CEO Richard Murray has forecast that the group’s full-year profit will be within the range of $A143m to $A147m, with expectations that sales will total $A3.9bn. Shareholders will receive an interim dividend of $A0.63 per share.

CORPORATES
JB HI-FI LIMITED – ASX JBH, DICK SMITH HOLDINGS LIMITED – ASX DSH, PLATYPUS ASSET MANAGEMENT PTY LTD, CITIGROUP PTY LTD

High LNG exports help wipe fuel import costs

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 9 : 9-Feb-16

EnergyQuest estimates that strong growth in LNG exports reduced Australia’s petroleum deficit to about $A4m in December 2015. It was the smallest petroleum deficit since August 2010, and followed the commencement of production at the three LNG processing plants at Gladstone in Queensland. Australia’s LNG production rose by 48 per cent year-on-year in December, although the downturn in the crude oil price resulted in LNG export revenue falling by 0.5 per to $A1.575bn.

CORPORATES
ENERGYQUEST PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, CONOCOPHILLIPS, CHEVRON CORPORATION

Growth, earnings fears depress ASX darlings

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 30 : 9-Feb-16

Australia’s benchmark S&P/ASX 200 Index has shed six per cent so far in 2016. However, some of the stocks that were among the best performers in 2015 have fallen by more than 10 per cent in 2016, including Domino’s Pizza Enterprises and Blackmores. In contrast, mining stocks – and gold producers in particular – have achieved some of the strongest gains in the year to date.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, BLACKMORES LIMITED – ASX BKL, SUPER RETAIL GROUP LIMITED – ASX SUL, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, SOUTH32 LIMITED – ASX S32, MINERAL RESOURCES LIMITED – ASX MIN, BENNELONG AUSTRALIAN EQUITY PARTNERS PTY LTD, WINGATE ASSET MANAGEMENT PTY LTD, NASDAQ COMPOSITE INDEX, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, LINKEDIN LIMITED, ASIA PACIFIC PRUDENTIAL SECURITIES

2DayFM rejects Kyle and Jackie talk

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Original article by Darren Davidson
The Australian – Page: 19 & 22 : 9-Feb-16

The contracts of KIIS 106.5 FM breakfast show hosts Kyle Sandilands and Jackie Henderson expire at the end of 2016. However, Southern Cross Media Group CEO Grant Blackley says his company has not held talks with the popular duo about returning to 2DayFM. There has been a sharp fall in the radio station’s ratings and revenue since they left in 2014. Meanwhile, Blackley says Southern Cross could potentially end its affiliation agreement with Ten Network if cross-media ownership reforms proceed.

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SOUTHERN CROSS AUSTEREO PTY LTD, KIIS1065, 2DAY FM AUSTRALIA PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE NETWORK AUSTRALIA LIMITED, APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD