‘Credible strategy’ lifts Fairfax credit rating outlook

Original article by Madeleine Heffernan
The Australian Financial Review – Page: 21 : 1-Jul-14

Standard & Poor’s has revised the credit rating outlook for Fairfax Media’s "BB+" long-term rating from "negative" to "stable". The ratings agency stated on 30 June 2014 that the media company had developed a "credible" strategy for its earnings over the medium term. The stock closed at $A0.9275 on 30 June 2014. Since the beginning of 2014, it has risen 44.5 per cent

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, STANDARD AND POOR’S CORPORATION, CREDIT SUISSE AG, 3AW SOUTHERN CROSS RADIO PTY LTD, RSVP.COM.AU PTY LTD, GANNETT COMPANY INCORPORATED

Monash IVF in growth mode after healthy float

Original article by Vanessa Desloires
The Australian Financial Review – Page: 17/22 : 27-Jun-14

Monash IVF started trading as high as $A1.97 early in the session on the Australian stock exchange on 26 June 2014. Stock in the provider of reproductive services had been issued at $A1.85 a share, and investors received 170.7 million units in the float. It raised $A315.6 million for the company earlier in June

CORPORATES
MONASH IVF GROUP LIMITED – ASX MVF, MONASH UNIVERSITY, IRONBRIDGE CAPITAL MANAGEMENT LLC, KL FERTILITY AND GYNAECOLOGY CENTRE SDN BHD, VIRTUS HEALTH LIMITED – ASX VRT

New release on Penfolds unveiled

Original article by Simon Evans
The Australian Financial Review – Page: 17/22 : 26-Jun-14

Treasury Wine Estates CEO Mike Clarke has announced changes in the company’s strategy, including moving the release date of Penfolds wines from March and May to October. Clarke told investors on 25 June 2014 that the group’s full-year profit guidance of between $A190 million to $A210 million remains unchanged. Investors welcomed Clarke’s statement, pushing the share price of Treasury up $A0.24 to $A5.07

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, PENFOLDS WINES PTY LTD, ROSEMOUNT ESTATES PTY LTD, LINDEMANS WINES PTY LTD, WYNNS COONAWARRA ESTATE PTY LTD, WOLF BLASS WINES PTY LTD, KOHLBERG KRAVIS ROBERTS AND COMPANY, EAST END CELLARS PTY LTD

Shell deal may hurt Woodside growth plans

Original article by Paul Garvey
The Australian – Page: 20 : 6/19/2014

The stock of Australian-listed energy group Woodside Petroleum on 18 June 2014 closed $A1.95 lower at $A40.90. This compares with a price of $A41.35 for the institutional investors acquiring scrip in the partial divestment of its Woodside stake by Royal Dutch Shell. As part of the reduction from 23.1% to less than 4.5%, Shell is also selling $US2.68bn ($A2.86bn) worth of stock back to Woodside. Experts warn this may hamper the latter’s acquisitions strategy. Woodside needs to secure a major new project to fill a gap once current LNG developments mature

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, BHP BILLITON LIMITED – ASX BHP, DEUTSCHE BANK AG, UBS HOLDINGS PTY LTD

Iron ore price jitters, jobs data drag on ASX

Original article by Sally Rose
The Australian Financial Review – Page: 22 : 13-Jun-14

The Australian sharemarket lost ground on 12 June 2014, with the S&P/ASX 200 shedding 0.5 per cent to close at 5,428.8. The Commonwealth Bank was down 0.4 per cent at $A81.88, while BHP Billiton was 0.6 per cent lower at $A35.71. However, Leighton Holdings was 1.7 per cent higher at $A20.15 and Ramsay Health Care advanced 3.7 per cent to finish at $A46.80

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, LEIGHTON HOLDINGS LIMITED – ASX LEI, RAMSAY HEALTH CARE LIMITED – ASX RHC, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, TELSTRA CORPORATION LIMITED – ASX TLS, GOODMAN GROUP – ASX GMG, ARRIUM LIMITED – ASX ARI, MOUNT GIBSON IRON LIMITED – ASX MGX, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, CREDIT SUISSE (AUSTRALIA) LIMITED, ZURICH FINANCIAL SERVICES AUSTRALIA LIMITED, JOHN HOLLAND PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, WORLD BANK, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX