K64 Auxiliary Finance and Insurance Services

News Corp targets $1.85trn super pool

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Original article by Madeleine Heffernan
The Australian Financial Review – Page: 29 : 27-Oct-14

Investment platform provider OneVue has consented to an alliance with News Corp Australia, as the media group seeks to expand into new markets. It now aims to offer services for superannuation account holders, with the launch of its BrightDay product. The venture is to be managed by James Leplaw, GM of News Corp’s "Eureka Report" investor newsletter. The latter is part of the Australian Independent Business Media publishing business acquired by News Corp in mid-2012, but is believed to have suffered a drop in subscriber numbers

CORPORATES
NEWS CORPORATION – ASX NWS, ONEVUE HOLDINGS LIMITED – ASX OVH, NEWS CORP AUSTRALIA PTY LTD, AUSTRALIAN INDEPENDENT BUSINESS MEDIA PTY LTD, EUREKA REPORT PTY LTD, CLIME ASSET MANAGEMENT PTY LTD, PRIVATE MEDIA PARTNERS PTY LTD, CARNEGIE, WYLIE AND COMPANY PTY LTD, INVESTSMART FINANCIAL SERVICES PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, MORGANS FINANCIAL LIMITED

Shares still compelling as ageing population chases income

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Original article by Philip Baker
The Australian Financial Review – Page: 27 : 24-Oct-14

Experts advise investors to focus on equities that are likely to benefit from so-called megatrends such as population growth, ageing societies and the rising of the middle class. Yield will be the primary consideration for investors. With a 10-year government bond yielding only about 3.2 per cent, investors are likely to choose equities instead

CORPORATES
SANOFI PHARMACEUTICALS, COLGATE-PALMOLIVE COMPANY, JOHNSON AND JOHNSON, SABMILLER PLC, AMP LIMITED – ASX AMP, AMP CAPITAL INVESTORS LIMITED

Perpetual says Medibank attractive

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Original article by Jessica Gardner
The Australian Financial Review – Page: 13 : 22-Oct-14

The indicative share price range for the IPO of Medibank Private has been set at $A1.55 to $A2. Matt Williams of Perpetual says Medibank will be an attractive investment if the stock is offered at the right price. However, he says Medibank is likely to achieve cost efficiencies in the medium-term rather than immediately after it becomes a public company. He adds that the health insurer could be a player in consolidation of the industry

CORPORATES
MEDIBANK PRIVATE LIMITED – ASX MPL, PERPETUAL LIMITED – ASX PPT, QR NATIONAL LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, NIB HOLDINGS LIMITED – ASX NHF, BUPA AUSTRALIA PTY LTD, CANACCORD GENUITY (AUSTRALIA) LIMITED, MACQUARIE CAPITAL PTY LTD

Rinehart aide ‘set to take Ten seat’

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Original article by Darren Davidson
The Australian – Page: 21 : 21-Oct-14

The stock of Ten Network on 20 October 2014 closed $A0.02 higher at $A0.22, on news of merger talks by the free-to-air TV group with Fairfax Media. The Hancock Prospecting vehicle of mining heiress Gina Rinehart owns stakes of 14.99% and 10% in Fairfax and Ten respectively. Her seat on the board of the latter may soon be transferred to her chief development officer, John Klepec. Rinehart is believed to be positively disposed toward a merger deal, despite doubts about Fairfax’s management capabilities in the TV sector

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FAIRFAX MEDIA LIMITED – ASX FXJ, HANCOCK PROSPECTING PTY LTD, ROY HILL HOLDINGS PTY LTD, CMC MARKETS PTY LTD

Tech funder on lookout for more start-ups

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Original article by Paul Smith
The Australian Financial Review – Page: 29 : 21-Oct-14

OneVentures will soon start making new investments through its Innovation & Growth Fund II, having already invested $A60 million in technology start-ups. OneVentures MD Michelle Deaker hopes the fund will reach the level of $A100 million by the end of 2014 or in early 2015. The fund will split its investments between technology companies and life sciences groups

CORPORATES
ONEVENTURES PTY LTD, THE MYER FAMILY COMPANY PTY LTD, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, THE CARLYLE GROUP, CALEDONIA INVESTMENTS LIMITED, VAXXAS PTY LTD, AIRTREE VENTURES PTY LTD

Medibank sale to triple George Savvides’s pay with big bonuses

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Original article by Patrick Durkin
The Australian Financial Review – Page: 6 : 21-Oct-14

Medibank Private MD George Savvides will receive a huge pay rise when the company floats on the Australian stock exchange on 25 November 2014. His remuneration will triple from $A1.2 million to $A3.99 million. Savvides’s contribution to the IPO will deliver a bonus of $A750,000 for him, which some analysts believe is excessive

CORPORATES
MEDIBANK PRIVATE LIMITED, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED, OWNERSHIP MATTERS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, AURIZON HOLDINGS LIMITED – ASX AZJ, NIB HOLDINGS LIMITED – ASX NHF, RAMSAY HEALTH CARE LIMITED – ASX RHC, SIGMA PHARMACEUTICALS LIMITED – ASX SIP

Sandfire wins recast of ‘incorrect’ profile

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Original article by Sarah-Jane Tasker
The Australian – Page: 20 : 17-Oct-14

The Australian National University (ANU) recently announced that it would divest the shares of seven resources groups, after concerns about them were raised by adviser Centre for Australian Ethical Research (CAER). Among those affected was Sandfire Resources, but CAER has now said it will edit its assessment of the miner after talks with MD Karl Simich. He says his business has been unfairly tarnished by being included on the list despite factual inaccuracies in CAER’s report. Simich stresses that he backs ANU’s right in principle to make its own investment decisions

CORPORATES
SANDFIRE RESOURCES NL – ASX SFR, CENTRE FOR AUSTRALIAN ETHICAL RESEARCH PTY LTD, AUSTRALIAN NATIONAL UNIVERSITY

Rollercoaster spells correction

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Original article by Michael Koziol
The Australian Financial Review – Page: 33 : 17-Oct-14

The US and European sharemarkets were heavily sold down on 16 October 2014. The Dow Jones Industrial Average closed 173 points lower, after shedding 368 points early in the trading session. Sharemarket indices in countries such as Germany, France, Spain and Japan have officially entered correction mode, having shed more than 10 per cent, while Australia’s benchmark S&P/ASX 200 has fallen by more than eight per cent in recent weeks

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S ASX 200 INDEX, TOKYO STOCK PRICE INDEX, SHANGHAI COMPOSITE INDEX, CAC 40 INDEX, NASDAQ COMPOSITE INDEX, PSI 20 INDEX, EUROPEAN CENTRAL BANK, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, MORGAN STANLEY AUSTRALIA LIMITED

Hard times loom for Future Fund

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Original article by Richard Gluyas
The Australian – Page: 21 : 16-Oct-14

David Neal, MD of the Future Fund, has unveiled a 2013-14 rate of return of 14.3% for the Australian Government’s civil service superannuation liabilities manager. This is up from the previous estimate of 13.9%, and follows a result of 15%-plus in 2012-13. However despite further growth of 2.9% in the first quarter of 2014-15, Neal warns that the performance will now level off due to the tapering of quantitative easing and rising interest rates in the US. This was backed by investment strategy and risk head Stephen Gilmore, while chief investment officer Raphael Arndt said the Future Fund may invest in infrastructure assets privatised by state governments

CORPORATES
AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, AUSTRALIAN NATIONAL UNIVERSITY

Silicon Valley start-up surges on ASX debut

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Original article by Sally Rose
The Australian Financial Review – Page: 25 & 32 : 16-Oct-14

Shares in online recruitment firm 1-Page closed at $A0.34 on 15 October 2014, capping a $A8.5m Australian sharemarket float for the US-based group. The stock was issued at $A0.20 apiece and listed at $A0.345. Amanda Moyes of ASX Limited says the sharemarket operator would like to see more US technology firms list on the local bourse. Australia’s R&D tax concessions regime contributed to 1-Page’s decision to list in Australia

CORPORATES
1-PAGE LIMITED – ASX 1PG, ASX LIMITED – ASX ASX, FOSTER STOCKBROKING PTY LTD, KTM CAPITAL PTY LTD, CYGNET CAPITAL PTY LTD, NASDAQ, SAN FRANCISCO 49ERS, FRANCE TELECOM SA