ASX’s most shorted stocks set for results reporting test

Original article by William McInnes
The Australian Financial Review – Page: 20 : 11-Feb-19

Some of the Australian sharemarket’s most heavily shorted companies will release their latest financial results in the week beginning 11 February, including JB Hi-Fi, Super Retail Group, Bendigo & Adelaide Bank and AMP. JB Hi-Fi is the most shorted S&P/ASX 200 stock, and Jun Bei Liu of Tribeca Investment Partners notes that the retail trading environment is challenging at present. Meanwhile, ASX 200 trading volumes were 11 per cent higher than average during the first week of the reporting season, as fund managers returned to the market.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, JB HI-FI LIMITED – ASX JBH, SUPER RETAIL GROUP LIMITED – ASX SUL, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, AMP LIMITED – ASX AMP, TRIBECA INVESTMENT PARTNERS PTY LTD, FIRETRAIL INVESTMENTS PTY LTD, OPHIR ASSET MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, AMCOR LIMITED – ASX AMC, CLEANAWAY WASTE MANAGEMENT LIMITED – ASX CWY, LEND LEASE GROUP LIMITED – ASX LLC, CYBG PLC – ASX CYB, JAMES HARDIE INDUSTRIES PLC – ASX JHX, NICK SCALI LIMITED – ASX NCK, IOOF HOLDINGS LIMITED – ASX IFL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

Digital market abuse almost limitless: News

Original article by Andrew White
The Australian – Page: 27 : 9-Feb-19

News Corporation has posted revenue of $US2.63bn ($3.7bn) for the December 2018 quarter, an increase of 21 per cent. EBITDA rose by 13 per cent to $US370m following the merger of Foxtel and Fox Sports, while the media group’s net profit of $US119m compares with a loss of $US66m for the same period in 2017. Meanwhile, News Corp CEO Robert Thomson has criticised the growing dominance of digital platforms in the US audiobooks market. He has called for a "regulatory reckoning" to address the issue.

CORPORATES
NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, HARPERCOLLINS, DOW JONES AND COMPANY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Origin buoyed by record Australia Pacific LNG sales

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 1-Feb-19

Origin Energy has advised that its share of revenue from the Australia Pacific LNG project rose by 45 per cent year-on-year in the December quarter, to $740.9m. Origin received net cash distributions of $393 million from the project during the first half of 2018-19, compared with its guidance of $375m-$395m. Meanwhile, Origin’s domestic electricity and gas sales volumes fell by eight per cent and 21 per cent respectively quarter-on-quarter.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIA PACIFIC LNG LIMITED, JP MORGAN AUSTRALIA LIMITED, RBC CAPITAL MARKETS, AGL ENERGY LIMITED – ASX AGL, SHANDONG ORDER GAS COMPANY LIMITED

Runaway train set to derail BHP earnings

Original article by Perry Williams
The Australian – Page: 15 & 16 : 23-Jan-19

BHP has advised that it produced 135 million tonnes of iron ore in the first half of 2018-19, with output falling by four million tonnes due to a train derailment in the Pilbara in early November. BHP’s copper output in turn was affected by problems at the Olympic Dam mine in South Australia and the Spencer mine in Chile. Shaw & Partners says BHP can still meet its full-guidance provided it has a strong second half. BHP shares closed 1.3 per cent lower at $32.77 on 22 January.

CORPORATES
BHP GROUP LIMITED – ASX BHP, SHAW AND PARTNERS LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, VERTIUM ASSET MANAGEMENT PTY LTD, ORD MINNETT GROUP LIMITED

Kogan blames Apple for dive in global sales

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 18 : 18-Jan-19

Kogan.com has reported revenue growth of 9.7 per cent for the first half of 2018-19. The listed e-commerce group’s private label and partner brand sales rose by 23.6 per cent and 92.8 per cent respectively, but sales of global brands fell by 47 per cent. Founder Ruslan Kogan notes that sales of Apple products fell sharply during the period, although sales of other global brand rose by 8.5 per cent. Kogan.com has also been affected by the federal government’s move to impose GST on goods purchased overseas that cost less than $1,000.

CORPORATES
KOGAN.COM LIMITED – ASX KGN, APPLE INCORPORATED, SAMSUNG ELECTRONICS COMPANY LIMITED, GOOGLE INCORPORATED, GARMIN LIMITED, AMAZON.COM INCORPORATED, BLOOMBERG LP, JB HI-FI LIMITED – ASX JBH, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HOME AFFAIRS

Whitehaven on track for record profit in 2019

Original article by Luke Housego
The Australian Financial Review – Page: 21 : 18-Jan-19

Whitehaven Coal has advised that it still expects to meet its 2018-19 production guidance of 22-23 million tonnes. Production rose by 11 per cent year-on-year in the December quarter, although sales were seven per cent lower than previously. Whitehaven has indicated that its full-year costs are expected to increase by 4.7 per cent to $67 per tonne. Whitehaven shares closed 3.7 per cent higher at $4.71 on 17 January.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, MORGANS FINANCIAL LIMITED

Wesfarmers revamps Kmart after sales shock

Original article by Sue Mitchell
The Australian Financial Review – Page: 11 & 14 : 15-Jan-19

Wesfarmers has advised that same-store sales for its Kmart unit fell by 0.6 per cent in the first half of 2018-19. Wesfarmers stated that earnings from its department store division, which includes Kmart, would be down around seven per cent for the half-year. Wesfarmers MD Rob Scott said Kmart’s sales decline could be attributed to a range of factors, including lower demand for womenswear and its decision to no longer sell DVDs.

CORPORATES
WESFARMERS LIMITED – ASX WES, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, DEUTSCHE BANK AG, COSTA GROUP HOLDINGS LIMITED – ASX CGC, MORGAN STANLEY AUSTRALIA LIMITED, KATHMANDU HOLDINGS LIMITED – ASX KMD, QUADRANT ENERGY PTY LTD

News Corp in talks over content fee deal with Facebook, Google

Original article by Lilly Vitorovich
The Australian – Page: 21 : 9-Nov-18

News Corp CEO Robert Thomson says it is holding discussions with Facebook, Google and Amazon over the payment by them of a content carriage fee for distributing its content. Thomson made his remarks as News Corp revealed revenue for its most recent quarter was up 23 per cent. He said the current financial year was off to "an impressive start", and that News Corp was continuing to focus on "digital development". News Corp’s shares rose by 4.2 per cent on 8 November on the back of its latest results announcement.

CORPORATES
NEWS CORPORATION – ASX NWS, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, AMAZON.COM INCORPORATED, REA GROUP LIMITED – ASX REA

Woolworths lures back fickle shoppers to regain share

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 & 24 : 2-Nov-18

Woolworths has advised that its Australian supermarkets recorded same-store sales growth of 1.8 per cent in the September quarter, compared with 3.1 per cent in the three months to June. In contrast, Coles posted same-store sales growth of 5.1 per cent, due to its successful Little Shop promotion and its decision to extend an offer of free reusable shopping bags. However, Woolworths CEO Brad Banducci says same-store sales improved in September and October. Woolworths’ average food prices fell by one per cent in the September quarter as it extended price discounts to more grocery products.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, WOOLWORTHS SUPERMARKETS, COLES SUPERMARKETS AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, ENDEAVOUR DRINKS, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, DEUTSCHE BANK AG

AMP implodes as investors flee amid fund outflows

Original article by Andrew White
The Australian – Page: 19 & 23 : 26-Oct-18

Wealth manager AMP has advised that its fund outflows totalled $1.5bn in the September quarter, compared with just $243m in the previous corresponding period. Acting CEO Mike Wilkins says lack of fund inflows is a bigger concern than the rise in outflows, adding that the problem is likely to persist until the financial services royal commission delivers its final report. AMP has also announced a $3.3bn deal to sell its life insurance business to Resolution Capital. AMP shares reached a record low on 25 October, reducing its market capitalisation by $2.3bn.

CORPORATES
AMP LIMITED – ASX AMP, AMP LIFE LIMITED, RESOLUTION CAPITAL LIMITED, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MACQUARIE GROUP LIMITED – ASX MQG