Dear %%first_name%%,
Tomorrow is D-Day for Wayne Swan, but given the likeliness of an Abbott government come September 14, we’re not putting too much weight on tomorrow’s outcome. If the new government doesn’t like it, don’t be surprised if there’s a Mini-Budget in October.
We’re also having a bit of a crow when it comes to our calls, read my article below to find out just what we got right.
Today in the Switzer Super Report, we’d also like to introduce Greg Fraser, head of research at Kimber Capital, who will be writing a Stock in Focus for us fortnightly. Today he takes a look at Coca Cola Amatil.
The weekly auction clearance statistics show continued strength in the property market and Paul Rickard asks questions about the new ASX facility for buying government bonds.
In his weekly broker roundup, Rudi Filapek-Vandyck takes a look at the activity around Boral, Coca Cola and Downer EDI.
You can also follow me now on Twitter at @SwitzerSuper and Paul is @PaulRickard17.
Sincerely,
Peter Switzer
Labour data out last week was better than expected, but given yesterday was Mother’s Day, let’s take a look at female participation rates over the last decade.
Chart here
The female participation rate has increased four percentage points over the past 10 years alone, and in 2011, of the 357,500 working women who were pregnant, just 42% had access to a paid maternity scheme. Of that 42%, 87% took advantage of that scheme in some form.
Whatever side your political bread is buttered on, the argument is building for some kind of universal maternity scheme. Yes, there is a significant cost to business, but businesses also need to consider the cost of losing female employees, or staff turnover, which Mercer estimates to be anywhere between 50 to 150% of an employee’s annual salary.