SEEK invests in online sidekick for temp staff

Original article by Max Mason
The Australian Financial Review – Page: 37 : 4-Jul-16

Australian-listed SEEK has acquired a stake in Sidekicker, a start-up that enables businesses to hire temporary staff at short notice. The online marketplace was founded in 2012, and now offers a database of some 3,000 temporary workers. SEEK’s Michael Ilczynski stresses that the types of positions that are advertised on Sidekicker are rarely advertised on his company’s website.

CORPORATES
SEEK LIMITED – ASX SEK, SIDEKICKER, NIMBLE SOFTWARE SYSTEMS

LinkedIn pips Seek on total website visitor numbers, but job-seekers are yet to get networking

Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Apr-16

A Roy Morgan Single Source survey has found that 3,332,000 Australians aged 14+ (17 per cent) visited the LinkedIn website in an average four weeks in the year to December 2015 (up 60 per cent compared with 2012). Meanwhile, 3,197,000 visited Seek (up 28 per cent). Just over a million Australians visit both websites within the same four-week period, leaving each with over two million exclusive visitors. The survey also shows that 23 per cent of satisfied workers visit LinkedIn in an average month, while 17 per cent of them visit Seek. However, 36 per cent of dissatisfied workers visit Seek and 27 per cent visit LinkedIn.

CORPORATES
ROY MORGAN RESEARCH LIMITED, LINKEDIN LIMITED, SEEK LIMITED – ASX SEK, INDEED INCORPORATED, CAREERONE PTY LTD, MYCAREER.COM.AU, ADZUNA AUSTRALIA PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ

SEEK misses the mark, shares tumble 8.7pc

Original article by Max Mason
The Australian Financial Review – Page: 18 : 18-Feb-15

Listed online jobs advertising group SEEK has posted a 2014-15 interim underlying after-tax net profit of $A94.1m, which is nine per cent higher than previously. The group’s underlying revenue was 17 per cent higher at $A395.3m, and shareholders will receive an interim dividend of $A0.19 per share. Justin Diddams of Citigroup says the underlying profit result was disappointing, and his firm has a "sell" recommendation on the stock

CORPORATES
SEEK LIMITED – ASX SEK, CITIGROUP PTY LTD, HYPERION ASSET MANAGEMENT LIMITED, JOBSTREET CORPORATION BERHAD

Perked-up SEEK aims to complete JobStreet bid in weeks

Original article by Madeleine Heffernan
The Australian Financial Review – Page: 19 : 21-Aug-14

Australian-listed SEEK has posted a 2013-14 underlying net profit of $A179.7m. The online job advertisement website operator had revenue of $A756.4m for the financial year, while shareholders will receive a dividend of $A0.16 per share for the second half. Meanwhile, the group has advised that it expects to pay $A636m for JobStreet, with the deal likely to be finalised in September 2014

CORPORATES
SEEK LIMITED – ASX SEK,JOBSTREET CORPORATION BERHAD,SINGAPORE. COMPETITION COMMISSION,CITIGROUP PTY LTD,LINKEDIN LIMITED,MORGANS FINANCIAL LIMITED,CARSALES.COM LIMITED – ASX CRZ,REA GROUP LIMITED – ASX REA

Job ads, buoyant retail raise pressure on rates

Original article by Adam Creighton
The Australian – Page: 19 : 5-Aug-14

There is no clear consensus among economists on whether the Reserve Bank of Australia will move to lift or cut the official cash interest rate late in 2014. No change is expected at the board meeting on 5 August, but a number of economic indicators have created uncertainty about the longer-term picture. Retailing sector sales had been forecast to grow a subdued 0.3% during June, but instead rose 0.6% to $A23.2bn. It appears consumer confidence dented by the harsh federal Budget in May is starting to recover. Help-wanted advertising is also up 4% in annualised terms

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HSBC AUSTRALIA HOLDINGS PTY LTD