Author: roymorgansocial

Rich list: Aussie talent and mostly US money

roymorgansocial Leave a comment

Original article by John Stensholt
The Australian Financial Review – Page: 3 : 18-Feb-15

Australia’s 50 highest-earning athletes boasted a combined income of $A164m in calendar 2014, compared with $A158m in 2013. Basketball player Andrew Bogut has topped "BRW" magazine’s Top 50 sports earners list for a fourth year, with total income of $A16.2m, ahead of golfer Adam Scott with $A15.5m. The list includes 13 cricket players, including Shane Watson ($A4.5m) and Michael Clarke ($A4m)

CORPORATES
INDIAN PREMIER LEAGUE, SYDNEY SIXERS, BIG BASH LEAGUE, CASTROL INDIA, VENKY’S, GOLDEN STATE WARRIORS, NATIONAL BASKETBALL ASSOCIATION, AMERICAN BROADCASTING COMPANY, TNT, ESPN INCORPORATED, ONE MANAGEMENT GROUP AND CONSULTING PTY LTD, UNIQLO COMPANY LIMITED, ROLEX AG, MERCEDES-BENZ AG, NEW YORK RED BULLS, SHANGHAI SHENHUA

Easter Sunday to cost Victoria’s employers double time

roymorgansocial Leave a comment

Original article by Lucille Keen, Will Glasgow
The Australian Financial Review – Page: 5 : 18-Feb-15

The Australian Chamber of Commerce & Industry estimates that a public holiday for Easter Sunday in Victoria could costs businesses about $A50m over five years. The State Government’s 2014 election platform included introducing a public holiday on Easter Sunday, which has been a trading day since 2011. Businesses that opt to trade on Easter Sunday will now be required to pay staff penalty rates

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, VICTORIA. DEPT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION, AUSTRALIAN RETAILERS ASSOCIATION, VICTORIA. DEPT OF TREASURY AND FINANCE, VICTORIAN TRADES HALL COUNCIL, LIBERAL PARTY OF VICTORIA, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF NEW SOUTH WALES, CHRISTIAN DEMOCRATIC PARTY (FRED NILE GROUP), AUSTRALIAN FOOTBALL LEAGUE

SEEK misses the mark, shares tumble 8.7pc

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 18 : 18-Feb-15

Listed online jobs advertising group SEEK has posted a 2014-15 interim underlying after-tax net profit of $A94.1m, which is nine per cent higher than previously. The group’s underlying revenue was 17 per cent higher at $A395.3m, and shareholders will receive an interim dividend of $A0.19 per share. Justin Diddams of Citigroup says the underlying profit result was disappointing, and his firm has a "sell" recommendation on the stock

CORPORATES
SEEK LIMITED – ASX SEK, CITIGROUP PTY LTD, HYPERION ASSET MANAGEMENT LIMITED, JOBSTREET CORPORATION BERHAD

CCA chief determined to bring back its fizz

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 18-Feb-15

Coca-Cola Amatil has posted a 2014 underlying net profit of $A375.5m, which is 25.3 per cent lower than previously. EBIT was 21.8 per cent lower at $A651.5m and sales were down 1.9 per cent at $A4.94bn. CEO Alison Watkins is upbeat about the group’s outlook in 2015, citing factors such as cost savings and new product launches. Shareholders will receive a final dividend of $A0.22 per share

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, THE COCA-COLA COMPANY, CITIGROUP PTY LTD, ASAHI BREWERIES LIMITED, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, MOUNT FRANKLIN NATURAL

Challenger lifts interim dividend

roymorgansocial Leave a comment

Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 18-Feb-15

Listed financial services group Challenger has posted a 2014-15 interim normalised net profit of $A155m, which is five per cent lower than previously. Assets under management rose by 17 per cent to $A57.2bn, and shareholders will receive an interim dividend of $A0.145 per share. Challenger aims for growth of 11-13 per cent in sales of its annuity products for 2014-15

CORPORATES
CHALLENGER LIMITED – ASX CGF, COLONIAL FIRST STATE GROUP LIMITED, VICSUPER PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA. DEPT OF SOCIAL SERVICES

Morrison prefers housing carrot to pension stick

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Feb-15

The Australian Government has ruled out subjecting a retiree’s home to an assets test for eligibility for the aged pension. Social Services Minister Scott Morrison has instead proposed allowing retirees to downsize to a smaller home without having their pension affected by the proceeds from the sale. Morrison notes that retirees who opt to downsize their home are currently penalised financially

CORPORATES
AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, COUNCIL ON THE AGEING, NATIONAL SENIORS AUSTRALIA LIMITED

ANZ-Roy Morgan Consumer Confidence at Six Month Lows

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Feb-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 1.7 per cent in the week ended 15 February 2015, to the lowest level since early August 2014. For now, it appears that concerns about job security, weak wages growth and the economic outlook are outweighing the boost from the recent interest rate cut, lower petrol prices and rising asset values. Confidence in the economic outlook over the next year fell by 4.3 per cent, and confidence in the economic outlook over the next five years fell by 3.2 per cent

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

Cooper Energy loses $58m on write-down

roymorgansocial Leave a comment

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 17-Feb-15

Australian-listed Cooper Energy has posted a 2014-15 interim loss of $A58m. The result was marred by a write-down of its assets in Tunisia, which now have a carrying value of zero. Cooper Energy has been seeking to offload these assets for some time. The group’s underlying net profit for the half-year fell from $A13.6m previously to just $A900,000. It expects full-year oil production to be between 500,000 and 560,000 barrels

CORPORATES
COOPER ENERGY LIMITED – ASX COE, SANTOS LIMITED – ASX STO, ORD MINNETT GROUP LIMITED

Vale China deal puts Rio, BHP on notice

roymorgansocial Leave a comment

Original article by Angus Grigg
The Australian Financial Review – Page: 23 : 17-Feb-15

China will provide the 400,000-tonne Valemax-class iron ore transport ships with access to its ports, overturning a ban that has been in place for three years. China Metallurgical Industry Planning Association chairman Li Xingchuang says the move is likely to boost the market share of Brazil’s Vale. Macquarie Group’s Graeme Train adds that Vale could also overtake BHP Billiton and Rio Tinto as the world’s lowest-cost producer of iron ore

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, MACQUARIE GROUP LIMITED – ASX MQG, CHINA. MINISTRY OF TRANSPORTATION AND COMMUNICATIONS, CHINA METALLURGICAL INDUSTRY PLANNING ASSOCIATION, CHINA OCEAN SHIPPING COMPANY, CMES

China Capital realises Daydream

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 38 : 17-Feb-15

China Capital Investment Group has paid around $A30m for Daydream Island in Queensland. The Chinese company intends to expand and upgrade the resort, which was previously owned by businessman Vaughan Bullivant. The deal represents China Capital Investment Group’s first foray into the Australian market, although other Chinese groups have been active in the tourism sector

CORPORATES
DAYDREAM ISLAND PTY LTD, CHINA CAPITAL INVESTMENT GROUP, LINDEMAN ISLAND PTY LTD, WHITE HORSE, CAPRICORN TOURISM, CHINA-AUSTRALIA ENTREPRENEURS ASSOCIATION INCORPORATED, AUSTRALIAN LABOR PARTY