Author: roymorgansocial

Growth key in tighter IPO environment

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 16 : 11-Sep-15

The Australian Private Equity & Venture Capital Association’s 2015 conference has been told that conditions remain favourable for IPOs, although the market is not as strong as in 2014. Justin Ryan of Quadrant Private Equity says low interest rates will continue to make IPOs attractive to investors. Jeremy Tasker of Macquarie Group says IPO candidates that offer good earnings growth will receive support from fund managers in an environment of slowing economic growth.

CORPORATES
AUSTRALIAN PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION LIMITED, QUADRANT PRIVATE EQUITY PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, AVENTUS RETAIL PROPERTY FUND, GREENSTONE LIMITED, LINK GROUP PTY LTD, PETERS ICE CREAM, PACIFIC EQUITY PARTNERS PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, QANTAS AIRWAYS LIMITED – ASX QAN, KKR AND COMPANY LP, ALLIER CAPITAL PTY LTD, ARCHER CAPITAL PTY LTD, HEALTHE CARE AUSTRALIA PTY LTD

Pay-TV’s spend on local content jumps to $800m

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Original article by Darren Davidson
The Australian – Page: 20 : 10-Sep-15

New figures show that Australia’s pay-TV industry invested $A796 million in new local productions in 2014-15, compared with $A656m in the previous fiscal year. Foxtel CEO Richard Freudenstein says the company’s investment in new content has spanned all genres, adding that overseas TV production groups have also invested in local content. Foxtel plans to further invest in local drama, entertainment and comedy over the next three years.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, NETFLIX INCORPORATED, VIACOM INCORPORATED, BRITISH BROADCASTING CORPORATION, WALT DISNEY COMPANY, 21ST CENTURY FOX INCORPORATED, ESPN INCORPORATED, DISCOVERY COMMUNICATIONS INCORPORATED, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Talk of GST increase spooks industry leaders

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Original article by Robert Harley
The Australian Financial Review – Page: 36 : 10-Sep-15

An increase in the rate of Australia’s goods and services tax (GST) would have a negative impact on the property sector. Matthew Cridland, GST partner at law firm DLA Piper, warns in a briefing document that less supply could be expected from housing developers and retirement village operators if the GST rises to 15 per cent. Shopping centres would also be negatively influenced.

CORPORATES
DLA PIPER, PROPERTY COUNCIL OF AUSTRALIA LIMITED, ACIL ALLEN CONSULTING PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET

Chinese investors lose $12b with Aussie’s fall

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Original article by Rose Powell
The Australian Financial Review – Page: 27 : 10-Sep-15

Data shows that Chinese investors have injected some $A92.6 billion into the Australian economy over the last three years. However, the Australian dollar’s 34 per cent slump since the end of 2012 is estimated to have reduced the value of Chinese investments in the residential property market and resources groups by 30 per cent. This equates to a monetary loss of $A12bn.

CORPORATES
BASIS POINT CONSULTING, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, STANDARD AND POOR’S ASX ALL RESOURCES INDEX

Fed urged to avoid panic with rate hike

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Original article by Jonathan Shapiro, Vesna Poljak
The Australian Financial Review – Page: 24 : 10-Sep-15

The US Federal Reserve is not expected to lift the cash rate in September 2015, with financial markets pricing in a 28 per cent chance. Kaushik Basu, chief economist at the World Bank, has expressed concern that emerging markets in particular are likely to experience an increase in volatility if the US tightens monetary policy.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, WORLD BANK, INTERNATIONAL MONETARY FUND, EUROPEAN CENTRAL BANK, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT

‘Netflix effect’ proves a drag on broadband

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Original article by Mitchell Bingeman
The Australian – Page: 3 : 10-Sep-15

It is estimated that video content now comprises more than 50 per cent of all consumer traffic on Telstra’s fixed-line broadband network. The introduction of subscription video-on-demand services in particular has resulted in a sharp rise in Australian internet traffic, and now accounts for about 15 per cent of traffic on Telstra’s network. The so-called "Netflix effect" has prompted telcos to increase the capacity of their broadband networks.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NETFLIX INCORPORATED, IINET LIMITED – ASX IIN, NBN CO LIMITED, SINGTEL OPTUS PTY LTD, YOUTUBE INCORPORATED, FACEBOOK INCORPORATED, INSTAGRAM LLC, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED

Deja vu – Quiksilver collapse shines spotlight on Billabong

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Original article by Carrie LaFrenz, Sue Mitchell
The Australian Financial Review – Page: 17 & 23 : 10-Sep-15

The Australian operations of global surfwear group Quiksilver will not be affected by a move to place its US division into Chapter 11 bankruptcy protection. US-based Oaktree Capital will refinance the US division and will become Quiksilver’s largest shareholder. Oaktree also holds an 18.7 per cent stake in Australian-listed Billabong International, but Quiksilver president Greg Healy has ruled out a merger between the two companies.

CORPORATES
QUIKSILVER INCORPORATED, OAKTREE CAPITAL MANAGEMENT LLC, BILLABONG INTERNATIONAL LIMITED – ASX BBG, CENTERBRIDGE PARTNERS LP, AUSTRALIAN FOOTBALL LEAGUE, ROSSIGNOL, ROXY CLOTHING, DC SHOES INCORPORATED, NEW YORK STOCK EXCHANGE

Woodside terms rejected by Oil Search

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Original article by Perry Williams
The Australian Financial Review – Page: 17 & 23 : 10-Sep-15

Shares in Woodside Petroleum rose by 0.81 per cent to $A29.90 on 9 September 2015. Takeover target Oil Search was down 0.63 per cent at $A7.85, which is the implied bid price based on the offer of one Woodside share for every four Oil Search shares. Oil Search directors are likely to meet shortly to discuss the bid, but they are unlikely to grant Woodside’s request for exclusivity in merger talks. Neil Beveridge of Bernstein says ExxonMobil could also be a potential bidder for Oil Search.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, OIL SEARCH LIMITED – ASX OSH, EXXONMOBIL CORPORATION, BERNSTEIN AND ASSOCIATES, PAPUA NEW GUINEA. OFFICE OF THE PRIME MINISTER, MACQUARIE GROUP LIMITED – ASX MQG, DEUTSCHE BANK AG

7-Eleven founder resigns from AOC

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Original article by Adele Ferguson, Sarah Danckert
The Australian Financial Review – Page: 11 : 10-Sep-15

The wages scandal at 7-Eleven Stores has prompted chairman and founder Russell Withers to step down from the Australian Olympic Committee (AOC) board. Withers had been on the AOC board since 2001. Meanwhile, 7-Eleven board member Michael Smith has stood down as the chairman of the Australian Institute of Company Directors while the convenience store chain undertakes an investigation into the affair.

CORPORATES
7-ELEVEN STORES PTY LTD, AUSTRALIAN OLYMPIC COMMITTEE, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, INTERNATIONAL OLYMPIC COMMITTEE, AUSTRALIAN BROADCASTING CORPORATION, FAIRFAX MEDIA LIMITED – ASX FXJ

Would you recommend your electricity provider?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Sep-15

A Roy Morgan Single Source survey, which was carried out in the year to June 2015, has found that 99 per cent of Australians aged 14+ live in a household connected to electricity. However, when asked to rate the likelihood of recommending their electricity provider by choosing a number between 0 and 10 (where 0 indicates "not at all likely" and 10 denotes "extremely likely") 16 per cent of electricity customers chose 0. In contrast, just seven per cent chose 10, while 24 per cent chose 5. Meanwhile, 42 per cent of people living in households connected to Dodo Power & Gas say they would be quite likely to recommend it, ahead of TRUenergy (41 per cent) and Red Energy (39 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, DODO POWER AND GAS, TRUENERGY, RED ENERGY PTY LTD, ALINTA ENERGY (AUSTRALIA) PTY LTD, LUMO ENERGY AUSTRALIA PTY LTD, ACTEWAGL, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD