ELECTRIC – AUSTRALIA

JB Hi-Fi growth slows as competition intensifies

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Original article by Sue Mitchell
The Australian Financial Review – Page: 11 & 16 : 14-Aug-18

Consumer electronics retailer JB Hi-Fi has posted a 2017-18 underlying net profit of $233.2m, which is 12.3 per cent higher than previously. Group earnings rose 14.5 per cent to $350.6m, while its Australian division’s earnings were 11.4 per cent higher at $292.3m. Sales grew by 21.8 per cent in 2017-18, but expectations of competition from key rivals and fewer store openings have prompted the company to pare back its sales growth forecast to just 3.6 per cent in 2018-19. Shareholders will receive a full-year dividend of $0.132 per share.

CORPORATES
JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, AMAZON.COM INCORPORATED, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, JP MORGAN AUSTRALIA LIMITED

JB Hi-Fi stays firm on outlook

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Original article by Eli Greenblat
The Australian – Page: 26 : 8-May-18

Australian-listed JB Hi-Fi has defended its decision to include a profit warning in a presentation to the recent Macquarie Australia Conference rather than issuing a statement to the stock exchange. Responding to a query from stock exchange operator ASX Limited, the consumer electronics retailer said it had been of the view that the information in the presentation would not have a material effect on its share price. JB Hi-Fi’s shares fell by more than 10 per cent following the presentation.

CORPORATES
JB HI-FI LIMITED – ASX JBH, ASX LIMITED – ASX ASX, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG

Linfox driven to be first adopter of electric truck technology

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 30-Jan-18

Linfox chairman Peter Fox says the trucking company is keen to investigate the use of electric trucks, particularly for its Armaguard business. Tesla has revealed plans for an electric truck that could run at maximum weight for 500 miles before needing to be recharged. Fox says there would need to be a lot more charging stations available before Linfox could consider using electric trucks, while he does not think that governments should subsidise the use of electric vehicles.

CORPORATES
LINFOX PTY LTD, TESLA INCORPORATED, AUSTRALIAN BUREAU OF STATISTICS, TOLL HOLDINGS LIMITED, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIAN TRUCKING ASSOCIATION LIMITED, AUSTRALIAN LOGISTICS COUNCIL

JB Hi-Fi wins again, but Freedom biggest improver

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Jan-18

A Roy Morgan Single Source survey shows that JB Hi-Fi is again Australia’s leading electrical and furniture retailer, with a customer satisfaction rating of 90.9% in November 2017. JB Hi-Fi’s customer satisfaction improved 0.5% from a year ago to hold off a fast improving Ikea on 89.6% (up 5.2% from a year ago), and ahead of JB Hi-Fi stablemate The Good Guys on 88.7%. However, the biggest improver over the past year was Freedom, which increased its customer satisfaction rating by 6.4% to 81.8% in November – its highest rating since April 2014. Roy Morgan CEO Michele Levine says JB Hi-Fi is in the box seat to win its fourth Roy Morgan Annual Customer Satisfaction Award at the 2017 Awards in February, adding that between them JB Hi-Fi and The Good Guys have won a total of 8 Annual Roy Morgan Customer Satisfaction Awards since 2011.

CORPORATES
ROY MORGAN LIMITED, JB HI-FI LIMITED – ASX JBH, IKEA TRADING PTY LTD, THE GOOD GUYS, FREEDOM FURNITURE, FANTASTIC FURNITURE, STEINHOFF INTERNATIONAL HOLDINGS LIMITED

JB Hi-Fi leads Ikea & The Good Guys for satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Oct-17

A Roy Morgan Single Source survey has found that JB Hi-Fi is Australia’s leading furniture and electrical retailer, with a customer satisfaction rating of 90.1% in September 2017. Its customer satisfaction has fallen 1% from a year ago. Behind JB Hi-Fi in second place is an improving Ikea on 88.9%, up 3.1% on a year ago, followed by JB Hi-Fi stablemate The Good Guys on 88.6%. However, the biggest improver in the category over the past year is 2015 Annual winner Betta Home Living/Betta Electrical, which surged 6.9% to a customer satisfaction rating of 88.2%. Harvey Norman rounds out the top 5 with 86.8% of its customers satisfied. Roy Morgan Research CEO Michele Levine says the strong performance of JB Hi-Fi, and recent purchase The Good Guys, sets the two retailers up for a good showing at the 2017 Annual Roy Morgan Customer Satisfaction Awards, due to be held early in 2018.

CORPORATES
ROY MORGAN RESEARCH LIMITED, JB HI-FI LIMITED – ASX JBH, IKEA TRADING PTY LTD, THE GOOD GUYS, BETTA ELECTRICAL PTY LTD, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN

Electric car sales boost

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Original article by Ben Potter
The Australian Financial Review – Page: 9 : 6-Sep-17

Electric cars accounted for just 1,200 of the more than one million new cars that were sold in Australia in 2016, The Clean Energy Finance Corporation and Macquarie Leasing are hoping to boost interest in electric cars via a $A100 million leasing program. It is hoped that their partnership will reduce transport’s 93 million tonnes of carbon dioxide emissions by 200,000 tonnes.

CORPORATES
AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, MACQUARIE LEASING PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ATLASSIAN CORPORATION PLC, AUSTRALIAN RENEWABLE ENERGY AGENCY

Future lies with autonomous cars: Ghosn

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Original article by Andrew Whire
The Australian – Page: 17 & 20 : 6-Jun-17

Nissan Renault Alliance chairman Carlos Ghosn has rejected suggestions that growth in demand for autonomous and driverless cars will decimate the car industry. It has been claimed that such cars will lead to a significant drop in car ownership as people switch to ride-sharing. However, Ghosn does believe that autonomous cars will comprise a majority of all cars on the road by the end of 2022. He does not forsee much in the way of increased demand for electric cars in Australia without the introduction of government subsidies.

CORPORATES
NISSAN MOTOR COMPANY LIMITED, RENAULT SA, MITSUBISHI MOTORS CORPORATION, VOLKSWAGEN AG, GENERAL MOTORS CORPORATION

Tesla more valuable than GM or Ford – and the majority of Australians are on-board

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Apr-17

A special Roy Morgan Snap SMS Poll has found that 63% of Australians would pay more for a "Zero Emissions" car like Tesla, including 100% of 18-24yr olds and 72% of 25-34yr olds. The results were consistent around Australia, with significant majorities in all states – both regionally (62%) and in capital cities (62%), and both genders – women (65%) and men (61%) saying they were willing to pay more for a "Zero Emissions" car. The poll was conducted on 17 March 2017) in conjunction with the Roy Morgan State of the Nation Report 27 – Focus on Australia’s Automotive Industry.

CORPORATES
ROY MORGAN RESEARCH LIMITED, TESLA INCORPORATED, FORD MOTOR COMPANY, GENERAL MOTORS CORPORATION

JB Hi-Fi and The Good Guys: satisfaction guaranteed?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 20-Sep-16

A Roy Morgan Single Source survey has found that more than three million Australians aged 14+ made at least one purchase from JB Hi-Fi in an average four weeks in the year to June 2016. Over a million made at least one purchase from The Good Guys, while Harvey Norman, attracted nearly 1.3 million customers in the same time period. The survey also shows that JB Hi-Fi customers have a mean household income of $A115,000, compared with $A107,000 for Harvey Norman customers and $A98,000 for The Good Guys customers. Meanwhile, The Good Guys has triumphed in the Furniture/Electrical Store category of the Roy Morgan Customer Satisfaction Awards every month this year with scores consistently over 90 per cent, and JB Hi-Fi has been close behind it in second place (also with scores hovering around 90 per cent and above).

CORPORATES
ROY MORGAN RESEARCH LIMITED, JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN

JB Hi-Fi bets big on Good Guys

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Original article by Eli Greenblat
The Australian – Page: 19 & 22 : 14-Sep-16

JB Hi-Fi will finance the acquisition of The Good Guys via a capital raising and a $A450m debt facility. The listed consumer electronics and home entertainment group will raise $A394m from investors, with the new stock to be issued at $A26.20 apiece. JB Hi-Fi anticipates annual cost savings of between $A15m and $A20m as a result of the $A870m acquisition of The Good Guys. The deal will increase JB Hi-Fi’s sales to $A6bn a year and lift its share of the consumer electronics and household appliances market.

CORPORATES
JB HI-FI LIMITED – ASX JBH, THE GOOD GUYS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, OPHIR ASSET MANAGEMENT PTY LTD, ALPHINITY INVESTMENT MANAGEMENT PTY LTD