Author: roymorgansocial

Federal Court orders fresh batch of pirate sites blocked

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Original article by Max Mason
The Australian Financial Review – Page: 7 : 18-Jun-19

Village Roadshow CEO Graham Burke has described a Federal Court ruling that 76 copyright infringing websites be blocked by telcos as a victory for both Village Roadshow and the broader Australian film community. Site-blocking laws aimed at stamping out copyright piracy were passed in 2015, and Burke notes that almost 1,000 pirate websites and domains have now been blocked. He also notes Australians are now backing the push against piracy, with research indicating that three out of four people view it as theft.

CORPORATES
VILLAGE ROADSHOW LIMITED – ASX VRL, FEDERAL COURT OF AUSTRALIA, TELSTRA CORPORATION LIMITED – ASX TLS, VOCUS GROUP LIMITED – ASX VOC

Desperate off-the-plan buyers seek early exit

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 18-Jun-19

A rise in valuation shortfalls is seeing a surge in buyers of off-the-plan apartments in Melbourne trying to get out of their contracts. Many such buyers are using DIY website forsalebyowner to do so, with website operator Colin Sachs noting that such apartments cannot be sold via traditional real estate agents. He says the situation presents enormous risks for developers, as they need these buyers to pay up so that they can fund their projects.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, FORSALEBYOWNER, 360 PTY LTD

Betting on races attracts older gamblers than sports betting

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Original article by Roy Morgan
Market Research Update – Page: Online : 18-Jun-19

New research from Roy Morgan shows that 1.8 million Australians aged 18+ place bets in an average three months, including 1.5 million who bet on racing events (7.9%) and over 620,000 (3.2%) who place Sports bets. The Roy Morgan Gambling Currency Report also shows that 12.3% of men now have a bet in an average three months, compared to only 6% of women. Analysis shows that betting on Racing is most appealing for 50-79 year olds; over 10% of Australians aged 50-64 years old and 9.3% of 65-79 year olds bet on Racing, compared to only 3.1% of 18-24 year olds. In fact 18-24 year olds are more likely to bet on Sports (3.6%) than Racing – the only age group for which Sports betting is more popular. The likelihood of betting on Sport increases to 3.8% of 25-34 year olds and 4.9% of 35-49 year olds, before dropping off substantially for Australians aged 50+. The differential is most stark for Australians aged 80+, with 8.2% betting on Racing compared to less than 1% that bet on Sports.

CORPORATES
ROY MORGAN LIMITED

Pilbara Minerals cuts exports as lithium delays bite hard

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Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 18-Jun-19

Pilbara Minerals has advised that production at its Pilgangoora lithium mine in Western Australia will be reduced until at least the end of July, due to delays in the commissioning of battery metals chemical conversion plants in China. Pilbara Minerals is seeking a partner to help finance the second and third stages of its expansion plan for the mine, which is slated to increase annual output to 1.2 million tonnes of spodumene concentrate. The company is also seeking to sell a stake of up to 49 per cent in the mine.

CORPORATES
PILBARA MINERALS LIMITED – ASX PLS, GENERAL LITHIUM CORPORATION, GANFENG LITHIUM COMPANY LIMITED, POSCO

BHP plans new tailings storage at Olympic Dam

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Original article by Peter Ker
The Australian Financial Review – Page: 18 : 18-Jun-19

BHP will commence work on a sixth tailings dam at its Olympic Dam copper, gold and uranium mine in South Australia in late 2019 if it receives environmental approval from the federal government. BHP has indicated that the new tailings dam is needed to maintain the mine’s current production rate, and for its proposed expansion to up to 350,000 tonnes of copper. BHP recently advised that geological conditions at Olympic Dam mean that the mine’s capacity is more likely to be increased to between 240,000 and 300,000 tonnes.

CORPORATES
BHP GROUP LIMITED – ASX BHP, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, SOUTH AUSTRALIA. DEPT OF ENVIRONMENT, WATER AND NATURAL RESOURCES, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED

Adani nod ‘common sense’: Yancoal boss

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 17-Jun-19

Yancoal Australia CEO Reinhold Schmidt has welcomed the decision by Queensland’s Department of Environment to approve Adani’s groundwater management plan for its proposed Carmichael coal mine. The decision was arguably accelerated by Labor’s poor showing in Queensland seats in the federal election, but Schmidt says the mining sector wants consistent and predictable rules, no matter which party is in government.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD

More unions demanding Setka’s head

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Original article by Ewin Hannan
The Australian – Page: 2 : 17-Jun-19

Twelve unions have now publicly backed the ACTU’s call for John Setka to quit as Victorian secretary of the Construction, Forestry, Maritime, Mining & Energy Union over harassment charges. They include the Australian Nursing & Midwifery Federation, the Australian Workers’ Union and the Independent Education Union. Federal Labor leader Anthony Albanese will seek to have Setka expelled from the party when its national executive meets on 5 July.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN NURSING AND MIDWIFERY FEDERATION, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, INDEPENDENT EDUCATION UNION, ACTU, AUSTRALIAN LABOR PARTY

Balanced super ahead for 10th year

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Original article by Natasha Gillezeau
The Australian Financial Review – Page: 8 : 17-Jun-19

Data from SuperRatings shows that the average balanced superannuation fund achieved a return of -0.7 per cent in May. However, the average return for balanced options so far in 2018-19 is 5.1 per cent, putting the sector on track to deliver a positive return for the financial year. SuperRatings executive director Kirby Rappell notes that the return for median balanced super funds is about 8.5 per cent over the last 10 years.

CORPORATES
SUPERRATINGS PTY LTD

Labor calls for more detail on tax cuts

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Original article by Tom McIlroy
The Australian Financial Review – Page: 5 : 17-Jun-19

Shadow treasurer Jim Chalmers will ask the federal government to disclose the costings for its three-stage income tax cuts package. In particular, Labor will seek details of how much of the third stage of the tax cuts will flow through to people on the highest incomes. Chalmers has written to Treasurer Josh Frydenberg, stating that while Labor is prepared to back the first stage of the tax package, it requires costings information in order to make a final decision on its support for the second and third stages.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, THE AUSTRALIA INSTITUTE LIMITED, GRATTAN INSTITUTE, AUSTRALIAN NATIONAL UNIVERSITY. CENTRE FOR SOCIAL RESEARCH AND METHODS, CENTRE ALLIANCE, ONE NATION PARTY

Women more likely to pay for personal services

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Jun-19

A Roy Morgan Single Source survey shows that over 13.4 million Australians aged 14+ (65.2%) pay for a personal service, compared with 12.5 million (64.6%) in 2015. More than 7.3 million women now pay for personal services, compared to around 6 million men. Hairdressing is clearly the most popular personal service, with over 6.2 million Australians paying a hairdresser in an average four weeks, including 36% of women and 24% of men. The survey also shows that almost 5.2 million Australians visit a doctor in an average four weeks, including 26% of women and 24% of men, while nearly 3.8 million Australians service a motor car in an average four weeks, including over 2 million men and over 1.7 million women. Of Australia’s 15 most paid for personal services, a majority of 12 are more likely to be paid for by women than men. Analysis by generation shows that Pre-Boomers are the most likely generation to pay for personal services.

CORPORATES
ROY MORGAN LIMITED