Author: roymorgansocial

Prepaid mobile users still prefer to recharge at a store

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Oct-15

A Roy Morgan Single Source survey has found that 6.2 million Australians 14+ (32 per cent) have a prepaid service on their main mobile phone. The survey, which was carried out in the year to June 2015, also shows that 26 per cent of prepaid mobile customers last recharged at a supermarket, while 18 per cent recharged via the internet and 13 per cent did so via a phone. Overall, 44 per cent of prepaid mobile owners reported going into a bricks-and-mortar channel for their last recharge, and 37 per cent used the internet, a phone, app or SMS. Five per cent use an auto-recharge.

CORPORATES
ROY MORGAN RESEARCH LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE AUSTRALIA LIMITED, SINGTEL OPTUS PTY LTD, VIRGIN MOBILE (AUSTRALIA) PTY LTD, AMAYSIM AUSTRALIA LIMITED – ASX AYS, BOOST MOBILE, ALDI STORES SUPERMARKETS PTY LTD

Turnbull hints at penalty rate cuts, compo

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Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 7-Oct-15

The Australian Government has indicated that the penalty rates regime may come under scrutiny as part of broader economic reforms. Prime Minister Malcolm Turnbull notes that the nation now has a seven-day economy, which will require greater workplace flexibility in the future. However, he has conceded that measures must be implemented to ensure that workers are not disadvantaged by any change to weekend penalty rates.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

IMF finds our growth near target

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Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 7-Oct-15

The International Monetary Fund’s revised economic growth rate for Australia in 2015 is 2.4 per cent, which is slightly lower than its previous forecast in April. However, its forecast for global economic growth has been cut by 0.4 per cent to 3.1 per cent. The IMF’s latest World Economic Outlook has also maintained its economic growth forecasts for China in 2015 and 2016.

CORPORATES
INTERNATIONAL MONETARY FUND, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

Shorten unlikely to reappear at commission

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Original article by Ewin Hannan
The Australian Financial Review – Page: 5 : 7-Oct-15

The Royal Commission into Trade Union Governance & Corruption will hear further evidence concerning the Australian Workers’ Union in the week beginning 12 October 2015. However, Opposition Leader Bill Shorten is not expected to be asked to front the inquiry again, as there have been no applications to cross-examine the former AWU national secretary. Shorten has been highly critical of the royal commission.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, THIESS JOHN HOLLAND, CLEANEVENT PTY LTD, ACI GLASS PACKAGING, DOWNER EDI LIMITED – ASX DOW, UNIBUILT, WINSLOW CONSTRUCTORS PTY LTD, CHIQUITA MUSHROOMS PTY LTD

Treasury enjoys vintage Asian returns

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Original article by Simon Evans
The Australian Financial Review – Page: 19 : 7-Oct-15

Australian-listed Treasury Wine Estates has indicated that it is performing well in all of the regions in which it operates. CEO Mike Clarke notes that the wine group is performing particularly well in Asia. Treasurer’s Asian division posted a $A73.1m profit in 2014-15, which was 53 per cent higher than previously. The global launch of the latest Penfolds Grange vintage will be held in Shanghai.

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, PENFOLDS WINES PTY LTD, WOLF BLASS WINES PTY LTD, STERLING VINEYARDS, DIAGEO PLC, BLOSSOM HILL WINERY, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, PREMIER FOODS PLC, FOSTER’S GROUP LIMITED

McGrath sale makes way for float

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Original article by Robert Harley
The Australian Financial Review – Page: 34 : 7-Oct-15

Australian real estate group McGrath will buy out franchisee Shane Smollen, who operates 10 real estate agencies in Sydney under the McGrath banner. Smollen boasts a sales team of 65 and manages some 2,200 rental properties. McGrath had 12 company-owned offices and about 60 franchises prior to the deal with Smollen.

CORPORATES
McGRATH REAL ESTATE PTY LTD

NBN’s Switkowski ‘simply wrong’ on broadcast view, says Free TV

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Original article by Dominic White
The Australian Financial Review – Page: 19 : 7-Oct-15

Free TV Australia chairman Harold Mitchell has rejected claims by NBN chairman Ziggy Switkowski that people under the age of 20 mainly only watch sport on broadcast TV. Mitchell says traditional TV screens remain the primary viewing option for Australians of all ages, despite the growing use of other devices to watch content. The latest Multi-Screen report from Nielsen, OzTAM and Regional TAM found that Australians still use a traditional TV set to watch more than 90 hours of broadcast TV each month.

CORPORATES
FREE TV AUSTRALIA LIMITED, NBN CO LIMITED, THE NIELSEN COMPANY (AUSTRALIA) PTY LTD, OZTAM PTY LTD, REGIONAL TAM PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NETFLIX INCORPORATED

ASX tipped to reach 6200 by end-2016

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 7-Oct-15

Citigroup is upbeat about the outlook for global sharemarkets, with equity strategist Robert Buckland suggesting that the market has entered a "maturing bull" phase. The S&P 500 in the US and Australia’s benchmark S&P/ASX 200 have risen strongly so far in October 2015, and Citigroup now expects the ASX 200 to top 6,200 points by the end of 2016. Its previous forecast for this date was 6,000 points.

CORPORATES
CITIGROUP INCORPORATED, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL ALL COUNTRY WORLD INDEX, RESERVE BANK OF AUSTRALIA

OZ Minerals spruiks faster, cheaper Carrapateena plan

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Original article by Peter Ker
The Australian Financial Review – Page: 13 &18 : 7-Oct-15

OZ Minerals has indicated that developing the Carrapateena copper and gold deposit on a much smaller scale than originally planned is its preferred option. OZ estimates that it could reduce the cost of developing the mine to about $A1bn by focusing on higher-grade ore at the shallowest depths. A feasibility study in 2014 had estimated that the original plan for a block cave mine would cost about $A2.98bn. CEO Andrew Cole has stressed that three options for the project remain under consideration.

CORPORATES
OZ MINERALS LIMITED – ASX OZL, KKR AND COMPANY LP, ARGONAUT SECURITIES PTY LTD, ROYAL BANK OF CANADA, BHP BILLITON LIMITED – ASX BHP, PANAUST LIMITED, NEWCREST MINING LIMITED – ASX NCM

ANZ-Roy Morgan Australian Consumer Confidence faces uphill battle – now at 110.0

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Oct-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 0.5 per cent to 110.0 in the week ended 4 October 2015. This takes the cumulative fall over the last fortnight to 3.9 per cent, which retraces almost half of the record bounce in response to the appointment of Malcolm Turnbull as Prime Minister. Results across the sub-indices were mixed. Confidence in the economic outlook over the next five years fell by 5.6 per cent and remains well below average. In addition, views on household finances compared with a year ago declined 3.6 per cent to the lowest level since mid-June.

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