Author: roymorgansocial

Xero soars and eyes US listing

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Original article by Paul Smith
The Australian Financial Review – Page: 23 & 28 : 26-Feb-15

Australian-listed online accounting software developer Xero has received a $NZ132.9 million ($A127.6 million) investment from US firm Accel Partners. Xero CEO Rod Drury said the company will seek a US listing at the end of 2015. Its shares rose sharply on 25 February, closing 27.8 per cent higher at $A22.60

CORPORATES
XERO LIMITED – ASX XRO, ACCEL PARTNERS, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, FACEBOOK INCORPORATED, MATRIX CAPITAL PTY LTD

Franking credits entice as currency plays dry up

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Original article by Simon Evans
The Australian Financial Review – Page: 32 : 26-Feb-15

The Australian dollar was trading at about $US0.78 on 25 February 2015, compared with $US0.90 in September 2014. The weaker currency will be a boon to investors who hold shares in Australian-listed stocks that report their financial results and pay dividends in the US dollar, such as CSL, BHP Billiton and Woodside Petroleum. Matthew Ross of Goldman Sachs does not expect the currency to fall much further, and says franking credits will become a bigger issue for investors than the impact of the dollar on dividends

CORPORATES
CSL LIMITED – ASX CSL, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, RIO TINTO LIMITED – ASX RIO, OIL SEARCH LIMITED – ASX OSH, RIO TINTO PLC, TRIBECA INVESTMENT PARTNERS PTY LTD

Home and apartment building hits record $54.4b in 2014

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Original article by Michael Bleby
The Australian Financial Review – Page: 8 : 26-Feb-15

New figures show that $A54.4bn worth of residential dwellings were built across Australia during 2014, compared with $A49.3bn in 2013. Dwelling commencements in the December 2014 quarter topped $A14.3bn, an increase of 12.3 per cent. Non-residential construction activity rose by 1.3 per cent to $A35bn in 2014, although there was 2.9 per cent contraction in the fourth quarter

CORPORATES
MASTER BUILDERS OF AUSTRALIA, WATPAC LIMITED – ASX WTP, CARDNO LIMITED – ASX CDD

Monash IVF confident on revenue

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Original article by Jessica Gardner
The Australian Financial Review – Page: 28 : 26-Feb-15

Australian-listed Monash IVF has posted a 2014-15 interim net profit of $A11m, while enquiries from prospective patients rose by four per cent. CEO James Thiedeman forecasts that around 70 per cent of these enquiries will result in new patients for the group. Monash IVF shares closed $A0.05 higher at $A1.405 on 25 February 2015

CORPORATES
MONASH IVF GROUP LIMITED – ASX MVF, FLINDERS FERTILITY

Seven set for uptick

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Original article by Tess Ingram, Anthony Macdonald
The Australian Financial Review – Page: 25 : 26-Feb-15

Seven Group Holdings has posted a 2014-15 interim net profit of $A69.2m, which is 74 per cent lower than previously. The WesTrac division’s sales revenue was down 47 per cent at $A323m, although revenue from equipment servicing and parts sales rose by 16 per cent to $A750m. Meanwhile, Seven Group will undertake an on-market share buyback via Goldman Sachs. The group’s shares closed 11 per cent higher at $A6.85 on 25 February 2015

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC HOLDINGS PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, CATERPILLAR, WOODSIDE PETROLEUM LIMITED – ASX WPL

ANZ-Roy Morgan Hong Kong Consumer Confidence Upbeat in February

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Feb-15

The ANZ-Roy Morgan Hong Kong Consumer Confidence Index increased by 2.9 points to a record high of 135.9 in February 2015. The number of respondents who say their families are "better off" financially than 12 months ago has fallen by 0.5 per cent to 37.2 per cent. Meanwhile, the number of respondents who expect their families to be "better off" financially this time next year has risen by 1.3 per cent to 43.6 per cent

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ANZ-Roy Morgan Taiwan Consumer Confidence Bodes Well For Growth

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Feb-15

The monthly ANZ-Roy Morgan Taiwan Consumer Confidence Index increased by 1.9 points to a record high of 102.0 in February 2015. It is now well above its average of 89.1 in the previous 12 months. The number of respondents who say their families are "better off" financially than 12 months ago has risen by 0.1 per cent to 9.8 per cent. Meanwhile, the number of respondents who expect their families to be "better off" financially this time next year has risen by one per cent to 18.4 per cent

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Jetpack dream achieves lift-off on ASX

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Original article by Sally Rose
The Australian Financial Review – Page: 21 : 25-Feb-15

Shares in Martin Aircraft Company were offered at $A0.40 in its Australian IPO, and the stock closed at $A0.44 on debut on 24 February 2015. The company has developed a wearable jetpack that will be priced from $US200,000 ($A250,000). Martin Aircraft aims to deliver the first Martin Jetpacks to customers in the second half of 2016

CORPORATES
MARTIN AIRCRAFT COMPANY LIMITED – ASX MJP, KUANGCHI SCIENCE LIMITED

Full beds limit Healthscope’s growth

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Original article by Jessica Gardner
The Australian Financial Review – Page: 17 : 25-Feb-15

Healthscope has posted a 2014-15 interim net profit of $A58.6m, after a loss for the previous corresponding period. The group’s hospital revenue rose by 6.3 per cent to $A938.9m. CEO Robert Cooke notes that Healthscope’s existing hospitals are overstretched, with just 23 new beds added in the last 18 months. The group aims to open nearly 1,000 additional beds in the next three years

CORPORATES
HEALTHSCOPE LIMITED – ASX HSO, HYPERION ASSET MANAGEMENT LIMITED

DP World plots efficiency through automation

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 18 : 25-Feb-15

DP World’s global CEO Mohammed Sharaf has ruled out selling its 25 per cent stake in its Australian subsidiary. The group sold 75 per cent of DP World Australia to Citi Infrastructure Investors in 2010. Meanwhile, DP World Australia CEO Paul Scurrah says the group is working on a business case for automating its Sydney container port, following the automation of its terminal in Brisbane

CORPORATES
DP WORLD AUSTRALIA PTY LTD, DP WORLD, ASCIANO LIMITED – ASX AIO, PATRICK CORPORATION LIMITED, MARITIME UNION OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, CITI INFRASTRUCTURE INVESTORS LLC