Author: roymorgansocial

Medibank flexes muscles, axes Calvary

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Original article by Tim Binsted
The Australian Financial Review – Page: 23 : 2-Jul-15

Negotiations between Australian-listed Medibank Private and Calvary Health Care have failed, prompting Medibank to end its contract with the private hospital group. Medibank and ahm members who use Calvary’s hospitals from 1 September 2015 may incur out-of-pocket expenses as a result, although Medibank will continue to pay some of its customers’ costs. Calvary has indicated that it is keen to resume discussions with Medibank.

CORPORATES
MEDIBANK PRIVATE LIMITED – ASX MPL, AHM HEALTH INSURANCE, CALVARY HEALTH CARE LIMITED, MORGAN STANLEY AUSTRALIA LIMITED

Alibaba pairs with Tourism Australia to attract travellers

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Original article by Angus Grigg
The Australian Financial Review – Page: 3 : 1-Jul-15

Tourism Australia has secured a three-year marketing deal with Alitrip, a travel software app that was launched by Chinese ecommerce group Alibaba in 2010. Tourism Australia and Alitrip will jointly promote Australia as a travel destination for independent travellers in China. Australia recorded 18 per cent growth in tourists from China in 2014, to a new high of 840,000.

CORPORATES
TOURISM AUSTRALIA PTY LTD, ALITRIP, ALIBABA GROUP HOLDING LIMITED, CHINA EASTERN AIRLINES CORPORATION LIMITED, SINGAPORE AIRLINES LIMITED, JD.COM INCORPORATED, TREASURY WINE ESTATES LIMITED – ASX TWE, THE A2 MILK COMPANY LIMITED – ASX A2M, PENFOLDS WINES PTY LTD, WOLF BLASS WINES PTY LTD, IRESEARCH

Exploration ‘zombies’ on rise as mining cash dries up

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Original article by Tess Ingram
The Australian Financial Review – Page: 21 : 1-Jul-15

Data from accounting firm BDO shows that smaller Australian-listed exploration companies spent an average of $A539,000 on exploration during the March 2015 quarter. However, about 20 per cent of the 793 junior explorers invested less than $A10,000 on exploration during the period, while 12 per cent did not undertake any exploration programs. Only one explorer listed at the lower end of the market during the quarter.

CORPORATES
BDO AUSTRALIA LIMITED, CSIRO, NORTHERN STAR RESOURCES LIMITED – ASX NST, LA MANCHA RESOURCES INCORPORATED, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, EXCELSIOR GOLD LIMITED – ASX EXG, RAMELIUS RESOURCES LIMITED – ASX RMS

Housing data shows peak is over

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Original article by Robert Harley
The Australian Financial Review – Page: 38 : 1-Jul-15

Data from Domain Group shows that Sydney’s residential auction clearance rate eased from 83.3 per cent in May 2015 to 82.9 per cent in June. There was also a downturn in the median auction price. Meanwhile, the auction clearance rate in Melbourne rose from 78 per cent to 79.2 per cent in June, although the median dwelling price was 4.9 per cent lower than in May.

CORPORATES
DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, HOUSING INDUSTRY ASSOCIATION LIMITED, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD

Hockey wins $200,000 in Fairfax case

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Original article by Marianna Papadakis, Phillip Coorey
The Australian Financial Review – Page: 3 : 1-Jul-15

Fairfax Media has been ordered to pay $A200,000 in damages to Federal Treasurer Joe Hockey in his defamation case against the newspaper publisher. The damages payout comprises $A120,000 arising from the publication of newspaper posters saying "Treasurer for sale", plus $A80,000 for several tweets with a similar message. Justice Richard White ruled that the posters and tweets were defamatory, although the newspaper articles to which they referred did not defame Hockey.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. DEPT OF THE TREASURY, FEDERAL COURT OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, NORTH SYDNEY FORUM

Kathmandu shareholders wary

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Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 1-Jul-15

Shares in adventurewear retailer Kathmandu Holdings closed $A0.32 higher at $A1.57 on 30 June 2015, in response to a takeover bid from New Zealand-listed Briscoe Group. Briscoe, which is headed by Rod Duke, increased its stake in Kathmandu to 19.9 per cent on 29 June, and its bid values the target at about $A324m. Some Kathmandu shareholders have described the bid as "opportunistic". Briscoe’s retail business comprises homewares, sporting goods and gift stores.

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, BRISCOES, REBEL SPORT LIMITED, LIVING AND GIVING LIMITED, MILFORD ASSET MANAGEMENT LIMITED, CYAN INVESTMENT MANAGEMENT PTY LTD, PUMPKIN PATCH LIMITED, MACPAC WILDERNESS EQUIPMENT, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, QUADRANT PRIVATE EQUITY PTY LTD, GOLDMAN SACHS ASSET MANAGEMENT

Flagging energy in LNG sector tipped to last until 2022-23

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 20 : 1-Jul-15

Citigroup is bearish about the outlook for the LNG industry, forecasting that a global oversupply will be sustained until at least 2022. The firm also expects growth in spot and contract prices for LNG to remain subdued in the long-term. Meanwhile, it anticipates that a number of projects in the sector will be delayed, including the Woodside Petroleum-led Browse floating LNG venture and ExxonMobil’s Papua New Guinea project.

CORPORATES
CITIGROUP INCORPORATED, WOODSIDE PETROLEUM LIMITED – ASX WPL, EXXONMOBIL CORPORATION

Analyse Media Spend by Helix Personas

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Jun-15

Roy Morgan Research has partnered with BigDatr to profile every advertising campaign by Helix Personas, Roy Morgan’s geo-digital psychographic segmentation. BigDatr monitors the highly-competitive Australian advertising landscape to empower marketers with an ability to visually analyse when and where their advertising investments are placed. BigDatr also tracks competing brands so a brand owner can see where their competitors are advertising and the message they are using. Helix Personas is now integrated into the BigDatr platform, which allows marketers to quickly compare the targeted audience brief against what has actually been delivered. It also allows advertisers and their agencies to compare who they are targeting versus their competitors.

CORPORATES
ROY MORGAN RESEARCH LIMITED, BIG DATR PTY LTD

Late rally ends dismal three months for ASX

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 28 : 1-Jul-15

The Australian sharemarket posted solid gains on 30 June 2015, with the S&P/ASX 200 adding 36 points to close at 5,459. Newcrest Mining was down 0.8 per cent at $A13.02 and Slater & Gordon was five per cent lower. However, the Commonwealth Bank advanced 0.5 per cent to end the session at $A85.15 and Kathmandu Holdings rose by 25.6 per cent to finish at $A1.57 in response to a takeover bid. The S&P/ASX 200 fell by 4.8 per cent in June and 7.3 per cent during the fourth quarter of 2014-15.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, NEWCREST MINING LIMITED – ASX NCM, SLATER AND GORDON LIMITED – ASX SGH, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, KATHMANDU HOLDINGS LIMITED – ASX KMD, TELSTRA CORPORATION LIMITED – ASX TLS, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, CMC MARKETS PTY LTD, ST GEORGE BANK LIMITED, CAPITAL ECONOMICS LIMITED, BRISCOE GROUP LIMITED, INTERNATIONAL MONETARY FUND, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, SHANGHAI COMPOSITE INDEX, NIKKEI 225 INDEX

Super tax reversal revealed

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 9 : 1-Jul-15

Shadow treasurer Chris Bowen says the Federal Government should release four submissions made by the Treasury to Treasurer Joe Hockey on the issue of superannuation tax reform. In late June 2015, Treasury official Ian Beckett sent a letter to the Opposition in response to a Freedom of Information request for details of the submissions. One of the submissions was made on the same day that the Opposition released its own superannuation tax proposals. The Government subsequently took such tax reform off its agenda.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIA. EXPENDITURE REVIEW COMMITTEE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, LIBERAL PARTY OF AUSTRALIA