K64 Auxiliary Finance and Insurance Services

M&A deals to outpace IPOs in 2015

roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 11 & 20 : 6-Jan-15

Australia boasted more than $US16.21bn ($A20bn) worth of IPOs in 2014. Data from Dealogic shows that Macquarie Group handled some $US4.169bn worth of IPOs, ahead of UBS with $US2.52bn. Medibank Private dominated IPO activity in 2014, and Hugh Falcon of Macquarie expects float activity to be strong again in 2015. Simon Cox of UBS forecasts that investors will be more selective about the IPOs they back in 2015

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, MEDIBANK PRIVATE LIMITED – ASX MPL, DEALOGIC (AUSTRALIA) PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, HEALTHSCOPE LIMITED – ASX HSO, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, GENESIS ENERGY LIMITED – ASX GNE, ESTIA HEALTH LIMITED – ASX EHE, ASALEO CARE LIMITED – ASX AHY, GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA, ROYAL DUTCH SHELL PLC, WOODSIDE PETROLEUM LIMITED – ASX WPL

Rio Tinto primed for $5b buyback

roymorgansocial Leave a comment

Original article by Amanda Saunders
The Australian Financial Review – Page: 1 & 8 : 5-Jan-15

Credit Suisse’s Paul McTaggart suggests that Rio Tinto may pursue an on-market share buyback worth up to $US4bn ($A5bn). He says the resources group could potentially reveal plans for a buyback in February 2015, while Glyn Lawcock of UBS believes that any such buyback will be worth between $US2bn and $US3bn. Both mining analysts also expect Rio Tinto to increase its underlying dividend. The dividend payout ratio was 35 per cent in calendar 2013

CORPORATES
RIO TINTO LIMITED – ASX RIO, CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, GLENCORE PLC, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE

Who’ll pick next year’s best stocks: fundies or brokers?

roymorgansocial Leave a comment

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 16 : 19-Dec-14

Fund managers and stockbrokers have issued lists of the most promising stocks among Australian-listed companies. The most popular is Aurizon. It appears on many lists of the best shares. Fund managers avoid consumer stocks such as Flight Centre Travel, Myer Holdings, JB Hi-Fi, Metcash and Harvey Norman. Stockbrokers expect a rebound in mining stocks such as Rio Tinto, BHP Billiton, Iluka Resources and Oil Search

CORPORATES
AURIZON HOLDINGS LIMITED – ASX AZJ, CHANT WEST FINANCIAL SERVICES PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, METCASH LIMITED – ASX MTS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, CROWN RESORTS LIMITED – ASX CWN, ARISTOCRAT LEISURE LIMITED – ASX ALL, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, ILUKA RESOURCES LIMITED – ASX ILU, OIL SEARCH LIMITED – ASX OSH, FAIRFAX MEDIA LIMITED – ASX FXJ, PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED

Ten’s fate in reclusive billionaire’s hands

roymorgansocial Leave a comment

Original article by Darren Davidson
The Australian – Page: 17 : 18-Dec-14

Takeover target Ten Network staged its AGM on 17 December 2014, which was attended by 15% stakeholder Bruce Gordon. He is the largest individual investor in the free-to-air TV group, which has received an offer worth $A590m or $A0.23 a share from pay TV provider Foxtel and US ally Discovery Communications. Other major stockholders who would need to support the deal are mining heiress Gina Rinehart with 10%, as well as respective News Corporation and Crown ­Resorts chairs Lachlan Murdoch and James Packer. Possible rival suitors for Ten are Anchorage Capital and Saban Capital

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, SABAN CAPITAL GROUP INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CROWN RESORTS LIMITED – ASX CWN

oOh!Media IPO more of an oh-oh than a go-go

roymorgansocial Leave a comment

Original article by Jared Lynch, Sally Rose
The Australian Financial Review – Page: 16 : 18-Dec-14

Shares in oOh!Media closed 1.6 per cent below the issue price of $A1.93 when the stock debuted on the Australian sharemarket on 17 December 2014. Shares in the outdoor advertising group listed at $A1.80, following a $A168.8m IPO by CHAMP Private Equity. The firm has retained a 32.2 per cent stake in oOh!Media, while WPP has an 8.6 per cent stake

CORPORATES
OOH!MEDIA LIMITED – ASX OML, CHAMP PRIVATE EQUITY PTY LTD, CASTLE HARLAN AUSTRALIAN MEZZANINE PARTNERS PTY LTD, WPP GROUP PLC, EYE CORP LIMITED, TEN NETWORK HOLDINGS LIMITED – ASX TEN

Investors’ love of local shares proves a costly passion

roymorgansocial Leave a comment

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 22 : 17-Dec-14

The S&P 500 Index has risen by 7.5 per cent so far in 2014, while Australia’s S&P/ASX 200 has shed 3.6 per cent in local currency terms. The local benchmark index has fallen by 20 per cent in US currency terms since September. Research shows that international shares are widely tipped to continue to outperform in 2015, while PM Capital’s Paul Moore argues that Australian investors should increase their exposure to offshore assets

CORPORATES
STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX 200 INDEX, PM CAPITAL LIMITED, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, LIVEWIREMARKETS.COM, MERCER INVESTMENTS PTY LTD, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, TOKYO STOCK PRICE INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL EUROPE INDEX

Careers Network falls 20pc on sector trauma

roymorgansocial Leave a comment

Original article by Kylar Loussikian
The Australian – Page: 19 : 16-Dec-14

Australian Careers Network’s stock finished its first day of trading at $A1.36 on 15 December 2014, after listing at $A1.70. The vocational education and training group’s IPO was worth $A54.4m, after it initially aimed to raise $A100m. CEO Ivan Brown says part of the proceeds will be used to finance acquisitions. Several other recent IPOs in the education and training sector have also underperformed

CORPORATES
AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, PETRA CAPITAL PTY LTD, VOCATION LIMITED – ASX VET, SIMONDS GROUP LIMITED – ASX SIO, BUILDERS ACADEMY AUSTRALIA, AUSTRALIAN MANAGEMENT ACADEMY, COVE TRAINING

No bail for pair on insider trading charge

roymorgansocial Leave a comment

Original article by Georgia Wilkins, Patrick Durkin
The Australian Financial Review – Page: 9 : 12-Dec-14

Lukas Kamay and Christopher Hill could be jailed for at least 10 years after being convicted for engaging in insider trading. The court had been told that Kamay gained $A7m from foreign exchange trades that were based on information supplied by Hill. The two men will be sentenced in February 2015, and will be held in custody after the Supreme Court of Victoria cancelled their bail

CORPORATES
SUPREME COURT OF VICTORIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BUREAU OF STATISTICS, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, JBWERE LIMITED

BlackRock sees a wild ride for shares in 2015

roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 22 : 12-Dec-14

BlackRock expects cyclical stocks in the US to perform better than defensive stocks in 2015, while the US economy and currency are also tipped to improve. Meanwhile, the firm anticipates increased volatility in global financial markets in the new year. It also says the downturn in the crude oil price should have a positive impact on global economic growth in the longer-term

CORPORATES
BLACKROCK INCORPORATED, BLACKROCK INVESTMENT INSTITUTE, BLACKROCK INVESTMENT MANAGEMENT (AUSTRALIA) LIMITED, BANK OF JAPAN, NIKKEI 225 INDEX

Vacuum cleaners keeping us recession-proof: Godfreys

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 19 : 11-Dec-14

Godfreys Group’s stock ended its first day of trading at $A2.85 on 10 December 2014, compared with an issue price of $A2.75. The vacuum cleaner retailer raised $A78m via an IPO, after scaling back plans for a $A103m raising. Godfreys chairman Rod Walker notes that the group’s sales are generally not affected by the economic outlook, as every home needs a vacuum cleaner

CORPORATES
GODFREYS GROUP LIMITED – ASX GFY, ARCADE FINANCE PTY LTD, NOMURA AUSTRALIA LIMITED, INVESTEC AUSTRALIA LIMITED, FREEDOM GROUP LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, UNITAS CAPITAL PARTNERS PTY LTD, ACONEX LIMITED – ASX ACX