Author: roymorgansocial

Want to know where the $A is going? Here’s where to look

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Original article by Philip Baker
The Australian Financial Review – Page: 24 : 15-May-15

The Australian dollar was trading at around $US0.81 on 14 May 2015, and US economic data is likely to be a major influence on its outlook in the near-term. Most of the recent data suggests that US economic growth remains subdued, and the timing of the first interest rate rise in six years will depend on the state of the economy. BetaShares CEO David Bassanese believes that US economic data will improve, which would most likely result in a rate rise in either June or September.

CORPORATES
BETASHARES CAPITAL LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BT FINANCIAL GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, STANDARD LIFE PLC, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Pokie king’s gamble on Mayne Pharma works

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Original article by John Stensholt
The Australian Financial Review – Page: 29 : 14-May-15

Australian businessman Bruce Mathieson has a 7.46 per cent stake in drug manufacturer Mayne Pharma. The sharp rise in its share price in 2015 has lifted the value of Mathieson’s shareholding to around $A70m. Mayne’s market capitalisation is now almost $A1bn, and Mathieson expects the stock to keep rising. Mathieson is a non-executive director of Mayne.

CORPORATES
MAYNE PHARMA GROUP LIMITED – ASX MYX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, PFD FOOD SERVICES PTY LTD, REECE AUSTRALIA LIMITED – ASX REH, THORNEY INVESTMENTS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, PFIZER INCORPORATED, WESTERN DESERT RESOURCES LIMITED – ASX WDR

AACo primed to pay

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Original article by Tim Binsted
The Australian Financial Review – Page: 29 : 14-May-15

Australian Agricultural Company (AACo) has posted a statutory profit of $A9.6m for the year ended 31 March 2015, compared with a $A40m loss previously. Revenue rose by 9.5 per cent to $A346.8m, with the proportion of revenue derived from sales of boxed beef rising from 59 per cent to 77 per cent. MD Jason Strong says AACo intends to eventually make its first dividend payment since 2008.

CORPORATES
AUSTRALIAN AGRICULTURAL COMPANY LIMITED – ASX AAC, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Lang Walker launches final leg of Collins Sq

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 39 : 14-May-15

Property developer Lang Walker has commenced talks with potential tenants of the fifth and final office tower in his Collins Square development in Melbourne. The $A400m tower will feature 40,000sq m of space, and construction has commenced on the podium and parking levels of the building. Link Group recently agreed to lease 25,000 sq m in Tower 4. The Collins Square project will cost $A2bn in total.

CORPORATES
WALKER CORPORATION LIMITED, LINK GROUP PTY LTD, CIMB TRUSTCAPITAL ADVISORS SINGAPORE PTE LTD, WOODS BAGOT PTY LTD, AUSTRALIAN TAXATION OFFICE

Glencore baulks over port prices

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Original article by Jenny Wiggins, Matthew Stevens
The Australian Financial Review – Page: 23 &28 : 14-May-15

Mining giant Glencore wants Australia’s National Competition Council to take action over a rise in shipping fees at the Port of Newcastle. It claims that navigation service charges for some ships have increased by around 60 per cent since the port was privatised in 2014. Glencore is pushing for the port to be "declared" under competition laws. There have also been demands for the Port of Melbourne to be regulated.

CORPORATES
GLENCORE PLC, AUSTRALIA. NATIONAL COMPETITION COUNCIL, PORT OF NEWCASTLE, PORT OF MELBOURNE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, HASTINGS FUNDS MANAGEMENT LIMITED, CHINA MERCHANTS GROUP, PORT KEMBLA, QUBE HOLDINGS LIMITED – ASX QUB, DP WORLD AUSTRALIA PTY LTD, WALLENIUS WILHELMSEN LOGISTICS AUSTRALIA PTY LTD

A-League Grand Final: face-to-face with Melbourne Victory and Sydney FC fans

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-May-15

A Roy Morgan Single Source survey has found that more than 2.8 million Australians aged 14+ support an A-League team. The survey, which was carried out in the year to December 2014, also shows that 15 per cent support Melbourne Victory, while 12 per cent support 2015 Grand Final rival Sydney FC. Meanwhile, Melbourne Victory supporters are more likely to Buy liquor in an average seven days and eat out (and order takeaway pizza). In contrast, Sydney FC supporters are more likely to go to the pub for a drink only and go to an RSL, Leagues or other club.

CORPORATES
ROY MORGAN RESEARCH LIMITED, THE A LEAGUE PTY LTD, MELBOURNE VICTORY FOOTBALL CLUB PTY LTD, SYDNEY FOOTBALL CLUB, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, HYUNDAI MOTOR COMPANY AUSTRALIA PTY LTD, GM HOLDEN LIMITED, FORD MOTOR COMPANY AUSTRALIA LIMITED, MITSUBISHI MOTORS AUSTRALIA LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, HONDA AUSTRALIA PTY LTD, SUZUKI AUSTRALIA PTY LTD

Myer sales improve in third quarter but investors cautious

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Original article by Sue Mitchell
The Australian Financial Review – Page: 23 & 28 : 14-May-15

Myer Holdings has reported sales of $A661.8m for the third quarter of 2014-15, which is 2.4 per cent higher than previously. Same-store sales were 1.7 per cent higher, and total sales for the first three quarters were 1.7 per cent higher at $A2.42bn. The general consensus of analysts polled by Bloomberg is that Myer will post a 2014-15 net profit of $A77m. Myer shares closed 10 per cent higher at $A1.55 on 13 May 2015.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, BLOOMBERG LP, DEUTSCHE BANK AG

Just a SIM: increasing proportion of post-paid mobile customers bringing own handset to the plan

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-May-15

A Roy Morgan Single Source survey has found that 30.6 per cent of Australians aged 14+ who have a post-paid mobile phone used their own handset when taking up a new plan in the six months to December 2014. This compares with 24.7 per cent during the same period in 2013. The survey also shows that the proportion of Telstra’s post-paid customers who are now SIM-only has risen from 26.4 per cent to 30.6 per cent, while Optus’s SIM-only customer base has risen from 19.8 per cent to 27.5 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, VODAFONE AUSTRALIA LIMITED, VIRGIN MOBILE (AUSTRALIA) PTY LTD, IINET LIMITED – ASX IIN

Investors push for Corbett

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Original article by Sue Mitchell
The Australian Financial Review – Page: 25 : 14-May-15

Roger Corbett has declined to comment on a push by Woolworths shareholders for him to take up the role of chairman. Corbett was CEO from 1999 to 2006, and he has worked in the retail sector for more than four decades. Some shareholders argue that Corbett’s expertise is needed to turn around Woolworths’ flagging performance. Wesfarmers recently announced that former CEO Michael Chaney will become chairman later in 2015.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, FAIRFAX MEDIA LIMITED – ASX FXJ, MAYNE PHARMA GROUP LIMITED – ASX MYX, HOSPIRA PTY LTD, ABERDEEN ASSET MANAGEMENT LIMITED, BIG W DISCOUNT STORES, ALDI STORES SUPERMARKETS PTY LTD, WAL-MART STORES INCORPORATED, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, FOODLAND ASSOCIATED LIMITED, TESCO PLC, KELLOGG COMPANY

Toll rolls into Japan Post $6.5b takeover deal

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Original article by Jenny Wiggins, John Stensholt, James Thomson
The Australian Financial Review – Page: 23 & 28 : 14-May-15

Some 95.9 per cent of Toll Holdings shareholders endorsed Japan Post’s takeover bid on 13 May 2015. Former CEO Paul Little believes that Toll will benefit from the $A6.5bn deal. Japan Post has committed to retaining the Toll brand, which was established in 1888, and plans to utilise Toll’s expertise to expand its parcels business globally. Toll shares will cease trading on 14 May.

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, AUSTRALIA POST, SINGAPORE. MINISTRY OF DEFENCE, TRANSPORT INTELLIGENCE LIMITED, FEDERAL EXPRESS CORPORATION, TNT EXPRESS WORLDWIDE, BONGO INTERNATIONAL