Author: roymorgansocial

Drought may force mines to shut down

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Original article by Nick Evans
The Australian Financial Review – Page: 17 & 20 : 11-Nov-19

Aeris Resources has warned that lack of sufficient water supply may force the closure of its Tritton copper mine in New South Wales. Aeris has advised that the mine may not have enough water to keep operating beyond February, and it will seek state government approval to access the Nyngan to Cobar pipeline. Aurelia Metals has also indicated that the drought in NSW may result in the loss of its Peak gold and base metals mine’s entire water allocation in early 2020. The mining sector is a major employer in the state’s Cobar region.

CORPORATES
AERIS RESOURCES LIMITED – ASX AIS, AURELIA METALS LIMITED – ASX AMI, GLENCORE PLC, NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, WHITEHAVEN COAL LIMITED – ASX WHC, COBAR SHIRE COUNCIL, AUSTRALIA. BUREAU OF METEOROLOGY

Base metals set to rebound in 2020: Ausbil

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Original article by Nick Evans
The Australian – Page: 18 : 11-Nov-19

The price of copper remains below $US6000 per tonne on the London Metals Exchange, having reached a low of $US5,610/tonne in early September. However, Ausbil portfolio managers are upbeat about the outlook for copper and other base metals in 2020; they say indications that the US-China trade war is stabilising should be enough to prompt manufacturers to begin restocking their raw materials inventory.

CORPORATES
AUSBIL INVESTMENT MANAGEMENT LIMITED, LONDON METAL EXCHANGE LIMITED

Toyota the most popular brand among those with sights set on a new car

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-19

New data from Roy Morgan’s Automotive Leading Indicators Report shows that as of September 2019, the percentage of Australian ‘new vehicle intenders’ who plan on purchasing a Toyota was 16.8% (322,000), followed by Mazda on 8.7% (168,000) and Hyundai on 7.6% (145,000). Looking at the types, rather than makes, of vehicles Australian intenders are set on buying, SUVs are the most popular, with 40% (768,000) of intenders planning on a Sports Utility Vehicle as their next purchase. This is followed by Passenger Vehicles on 35.1% (674,000) and Commercial Vehicles on 8.1% (155,000). These findings have been obtained from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and around 50,000 each year.

CORPORATES
ROY MORGAN LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, MAZDA AUSTRALIA PTY LTD, HYUNDAI MOTOR COMPANY AUSTRALIA PTY LTD

Southern Phone takes top place in Home Phone Satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-19

Southern Phone has won its third consecutive Roy Morgan Home Phone Provider of the Month Award, with a customer satisfaction rating of 82% for September 2019. Southern Phone was followed by Internode on a satisfaction rating of 79%, iPrimus on 73%, iiNet on 72% and TPG on 72%. Home phone usage has consistently declined over recent years. The number of Australians aged 14+ with a home phone has dropped from 14.2 million (74.3% of the population) in 2013 to 9.4 million (45.4%) in September 2019. Meanwhile, the number of Australians with one or more mobile phones has risen over the same period, from 17.7 million (92.2%) to 19.9 million (95.9%). Australians aged 65+ have the highest proportion of home phone ownership. As a group, Australians who use Southern Phone as their home-phone provider tend to skew older than the average home-phone user. The mean age of Southern Phone customers (14+) is 57 years, compared to 53 years for home-phone users in general and 46 for Australians aged 14+ as a whole.

CORPORATES
ROY MORGAN LIMITED, SOUTHERN PHONE COMPANY LIMITED, IPRIMUS, IINET LIMITED, TPG TELECOM LIMITED – ASX TPM

Pay falls as non-union agreements rise

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 8 : 8-Nov-19

Wage increases in new private sector agreements fell from 2.9 per cent to 2.8 per cent in the June quarter, according to data from the Attorney-General’s Department, while public sector agreement pay rises grew from 2.4 per cent to 2.6 per cent. The number of non-union agreements increased by 60 per cent between the March and June quarters, and Centre for Future Work economist Alison Pennington says it is possible that non-union agreements could rise as a proportion of all approved agreements from 22 per cent to 27 per cent by the end of 2019.

CORPORATES
AUSTRALIA. ATTORNEY-GENERAL’S DEPT, THE AUSTRALIA INSTITUTE LIMITED. CENTRE FOR FUTURE WORK

Andrews bans native growth logging

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Original article by Tessa Akerman
The Australian – Page: 2 : 8-Nov-19

Victorian Premier Daniel Andrews announced on 7 November that old growth logging has now been banned, and that native timber harvests will end in 2030. He said that paper processor Australian Paper would move to full plantation-based supply, while the Victorian government will allocate $120 million over 10 years to help the native timber industry transition from native trees to plantation logs. However, Victorian Nationals leader Peter Walsh claims whole communities will be destroyed as a result of Andrews’ actions, while Victorian Association of Forest Industries chief Tim Johnston claimed the government had given into pressure from vocal environmental groups.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET, NATIONAL PARTY OF AUSTRALIA, VICTORIAN ASSOCIATION OF FOREST INDUSTRIES

Tennis Australia risked disaster if Ten won Open

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Original article by Liz Main
The Australian Financial Review – Page: 7 : 8-Nov-19

The Australian Securities & Investments Commission has launched legal action against former Tennis Australia board members Harold Mitchell and Stephen Healy. It alleges Mitchell went over the heads of other board members to ensure Seven secured a five-year deal in 2013 to cover the Australian Open, despite Network Ten putting in a competing offer, and it alleges Healy was complicit in the deal. Mitchell’s lawyer Neil Young QC suggested to former Tennis Australia executive Stephen Ayles during hearings on 7 November that if there was a risk that Ten could go into administration during the five years of a possible deal that it would be disastrous for Tennis Australia, to which Ayles agreed.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, TENNIS AUSTRALIA, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED

South Australia to release water for drought relief

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Original article by Matthew Cranston, Simon Evans
The Australian Financial Review – Page: 5 : 8-Nov-19

South Australia will release 100 billion litres of water to the federal government so that up to 6,000 drought-impacted farmers can grow fodder for their stock. The federal government will pay the South Australian government $88 million for the water, while it will also give it a $10 million ‘sweetener’ to help the South Australian government assist its own drought-impacted farmers. South Australian Premier Steven Marshall says the deal with the federal government will not lead to higher water prices or put at risk the state’s water security.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET

ALP review: Labor is weak, risky and unpopular

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Original article by Geoff Chambers, Simon Benson, Greg Brown
The Australian – Page: Online : 8-Nov-19

Labor leader Anthony Albanese will use a speech to the National Press Club on 8 November to respond to Craig Emerson and Jay Weatherill’s post-election review of the party. Albanese is expected to endorse all 26 of their recommendations, while the review listed 60 ‘findings’. Emerson and Weatherill stated Labor’s inability to adapt its strategy to tackle Scott Morrison and a "cluttered policy agenda that looked risky" were key factors behind what was its third successive federal election defeat. They said Labor should not abandon its commitment to social justice, but that it should avoid becoming a "grievance-focused organisation".

CORPORATES
AUSTRALIAN LABOR PARTY

Murdochs agree to cap on Fox voting power

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Original article by Max Mason
The Australian Financial Review – Page: 21 : 8-Nov-19

The Murdoch Family Trust has agreed to limit its voting rights in the new Fox Corporation to 44 per cent, with the cap to apply in perpetuity or until the Murdochs sell out of the company. The limit will help to facilitate $US2 billion ($2.9 billion) worth of share buybacks that Fox announced as part of its latest quarterly results. The buyback will include a mix of Class A and Class B Fox shares, with Fox’s independent directors keen to increase the liquidity of its Class B shares.

CORPORATES
MURDOCH FAMILY TRUST, FOX CORPORATION