Author: roymorgansocial

Commodity currencies ‘could fall too far’

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Original article by Vesna Poljak
The Australian Financial Review – Page: 21 : 24-Feb-15

The Australian dollar was buying $US0.7831 late in trading on 23 February 2015. Citigroup is bearish about the outlook for the currency over the next 12 months, forecasting that it will continue its downward momentum. Meanwhile, Citigroup’s Todd Elmer believes that so-called "commodity currencies" remain overvalued, but he warns of the potential for them to be oversold

CORPORATES
CITIGROUP INCORPORATED, RESERVE BANK OF AUSTRALIA, RESERVE BANK OF NEW ZEALAND, BANK OF CANADA

$500m pay cut drives SMSFs to equities

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Original article by Philip Baker
The Australian Financial Review – Page: 21 : 24-Feb-15

Credit Suisse estimates that each 25 basis point reduction in the cash rate slashes the income of self-managed superannuation funds (SMSFs) by $A500m. The firm notes that SMSFs now boast some $A568bn worth of funds under management, with equities accounting for 42 per cent of their investment portfolios. SMSFs are likely to further increase their exposure to equities in order to offset the impact of lower interest rates

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, MACQUARIE GROUP LIMITED – ASX MQG, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, DULUXGROUP LIMITED – ASX DLX, PHILO CAPITAL ADVISERS PTY LTD, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Domain vs REA: apples for apples audience numbers from Roy Morgan Research

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Feb-15

A Roy Morgan Single Source survey has found that more than 3.5 million Australians aged 14+ accessed Realestate.com.au via its website or app in an average four weeks in the six months to December 2014. This compares with 3.3 million during the same period in 2013. Some 1.7 million Australians accessed Fairfax Media’s Domain in the second half of 2014, down from 1.8 million in the previous corresponding period. The total audience growth for Realestate.com.au comprised an increase in the number of both website visitors (up six per cent) and mobile phone or tablet app users (up seven per cent)

CORPORATES
ROY MORGAN RESEARCH LIMITED, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, REALESTATE.COM.AU, REA GROUP LIMITED – ASX REA

AFL pours extra $3.25m into Greater Western Sydney

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Original article by John Stensholt, Jon Pierik
The Australian Financial Review – Page: 2 : 24-Feb-15

The Greater Western Sydney Giants posted an operating loss of $A529,315 for calendar 2014, while marketing and sponsorship revenue was nearly $A1.4m lower at $A7.8m. There was a modest rise in the Australian Football League team’s total revenue, to $A32.4m. The AFL provided the club with grants totalling $A20.16m during 2014, which is $A2m higher than previously. The Giants also received an interest-free loan of $A1.25m from the AFL

CORPORATES
GREATER WESTERN SYDNEY FOOTBALL CLUB, AUSTRALIAN FOOTBALL LEAGUE, WESTERN SYDNEY WANDERERS FC PTY LTD, GOLD COAST FOOTBALL CLUB LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Australia Post hopes $1-a-letter strategy can avoid loss

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Original article by Patrick Durkin, Tony Boyd
The Australian Financial Review – Page: 1 & 6 : 24-Feb-15

Australia Post has reported a 2014-15 interim profit of $A98m, which is 56 per cent lower than previously. Its letters division made a loss of $A151m for the half-year, and Australia Post has forecast a group loss for the full year, which would be its first since 1982. CEO Ahmed Fahour has stressed the need for regulatory reform to ensure that its letters division is viable. Australia Post wants to adopt a two-tiered pricing structure for mail deliveries

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF COMMUNICATIONS, JAPAN POST, TOLL HOLDINGS LIMITED – ASX TOL, SINGAPORE POST PTE LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, COURIERS PLEASE, DHL CORPORATION, DEUTSCHE POST AG, UNITED PARCEL SERVICE INCORPORATED, FEDERAL EXPRESS CORPORATION, TNT

Cleaning frenzy buoys Godfreys

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Original article by Simon Evans
The Australian Financial Review – Page: 17 : 24-Feb-15

Listed vacuum cleaner retailer Godfreys has posted a 20140-15 interim underlying pro-forma net profit of $A6.4m, with sales of $A90.6m. Godfreys has forecast a full-year profit of $A12.2m. CEO Tom Krulis notes that sales of cleaning products tend to be higher during the month of January, as consumers typically clean more often. He adds that Godfreys plans to expand its product range to include air purifiers

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD

Big four banks have large cross-sell potential

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Feb-15

A Roy Morgan Consumer Single Source Survey has found that the "share of wallet" of each of Australia’s four major bank has increased over the last decade. The ANZ Bank’s share of wallet rose by 5.2 per cent to 28.8 per cent between January 2004 and December 2014, while the Commonwealth Bank of Australia’s share rose by 4.3 per cent to 34.2 per cent. For accounts/deposits, CBA has the highest share of their customers’ wallet with 60.3 per cent (up 7.1 per cent over the last 10 years), followed by Westpac with 55.3 per cent (up three per cent)

CORPORATES
ROY MORGAN RESEARCH LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Aussie John: end super tax perks to save us

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Original article by Jacob Greber, Samantha Hutchinson
The Australian Financial Review – Page: 1 & 6 : 23-Feb-15

Data from the Department of the Treasury suggests that superannuation tax concessions cost about $A30bn a year. There is a growing push for these tax breaks to be scaled back or abolished, particularly for people with significant savings. Aussie Home Loans founder John Symond suggests that some wealthy people may be exploiting the super system. The Association of Superannuation Funds of Australia has also urged action to address the issue in its pre-Budget submission

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSSIE HOME LOANS LIMITED, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, GRATTAN INSTITUTE, UNIVERSITY OF CANBERRA. NATIONAL CENTRE FOR SOCIAL AND ECONOMIC MODELLING

Long-form journalism proves a hit

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 23-Feb-15

Data from Roy Morgan Research shows that readership of "The Saturday Paper" rose to 99,000 in the second half of 2014. Schwartz Media CEO Rebecca Costello says the print edition of the weekly newspaper now boasts more than 20,000 subscribers. Founding editor Erik Jensen says he believed that there was demand for a weekend newspaper with a focus on long-form journalism. The newspaper celebrates its first anniversary on 1 March 2015

CORPORATES
SCHWARTZ MEDIA PTY LTD, ROY MORGAN RESEARCH LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, SPINACH ADVERTISING PTY LTD, BANK OF MELBOURNE LIMITED, MERCEDES-BENZ AUSTRALIA PTY LTD, ROLEX WATCHES AUSTRALIA PTY LTD

Roy Morgan announces the winners of the 2014 Telecommunications Customer Satisfaction Awards

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Feb-15

Roy Morgan Research announced the winners of its 2014 Customer Satisfaction Awards for the telecommunications industry on 18 February 2015. Amaysim was named the Mobile Phone Service Provider of the Year for the second year running, while Internode won the award for Home Internet Service Provider of the Year for the fourth successive year. Southern Phone was named the Home Phone Provider of the Year and Apple won the award for Handset Provider of the Year

CORPORATES
ROY MORGAN RESEARCH LIMITED, AMAYSIM AUSTRALIA PTY LTD, INTERNODE SYSTEMS PTY LTD, SOUTHERN PHONE COMPANY LIMITED, APPLE INCORPORATED, IINET LIMITED – ASX IIN, TPG TELECOM LIMITED – ASX TPM