A2B - A2B Australia

[ROE]

Results out today.

EPS of 51c, up slightly. Dividend maintained at 17c, for a total dividend of 34c for the year.

All looking good to me...

Enjoy nice gain there Prawn
I finished purchase yesterday after a long and exhaust accumulated phase of 2 months time to sit back and chew bubble gum for a while and move on to the next target.

I did message rainmaker2000 and MRC & Co fellow value investors and send them the report before and during my accumulation phase ..hope they take up the offer

 

[Rainmaker2000]

CAB is certainly well credentialed as company........unfortunately, too many companies for too little cash......thankfully, if every few months was like the last few, I would never have that problem again!!!!

Good luck to holders......I'll pass your regards to my friends who regulate part of this industry

 

[ROE]

CAB is certainly well credentialed as company........unfortunately, too many companies for too little cash......thankfully, if every few months was like the last few, I would never have that problem again!!!!

Good luck to holders......I'll pass your regards to my friends who regulate part of this industry

Yeah tell them to go easy on Uncle Reg, he's old and Fragile but sometimes
can pull a few powerfully punch

Uncle Reg Kermode a man to be admired like Uncle Graham Turner

 

[prawn_86]

Has been in a steady downtrend for a while, on the back of no fundamental reason that i can find.

Once this trend reverses i'll be buying more. Currently yeilding near 8% at current price and 34cps divvy

 

[prawn_86]

Just doubled my holdings in these guys in the lead up to their full year results due in am months time. Providing they hold or increase the dividend i'll be happy with either a nice SP rise, or a healthy dividend.

As i have said before i dont see any reason for the recent decline, everything still seems the same as it was 6 months ago to me, they still have a virtual monopoly in Aus and are expanding into other countries

 

[malachii]

There was a big article in the weekend fin review about 2 weeks ago interviewing a competitor to them that was taking large chunks of their market (about 20% i think from memory) and was branching out into the remaining states it didn't currently have exposure. Maybe this and the legal trouble CAB are in is reflecting the price downtrend.

malachii

PS I DONT own any CAB nor am I planning on trading them in the near future.

 

[prawn_86]

thanks Malachii,

do you have a link to this or the name of the competitor? would be interesting to read

cheers

 

[ROE]

I bought more a few days ago 4.44 no fear
I now have a very big holding in cab still room for a 2 more purchase

I write up later why if I have time, (too hard on the iPad) again the threat of small rivals always create more fear than facts good for buying it cheap

Sometimes you just have to stand by your conviction against all odds

 

[malachii]

thanks Malachii,

do you have a link to this or the name of the competitor? would be interesting to read

cheers

I'm sorry prawn but I don't. I bought the AFR (hardcopy) the other weekend and would have used it to light the fire by now. Surely I wasn't the only one to read it though....

malachii

 

[So_Cynical]

I bought more a few days ago 4.44 no fear
I now have a very big holding in cab still room for a 2 more purchase

I write up later why if I have time, (too hard on the iPad) again the threat of small rivals always create more fear than facts good for buying it cheap

Sometimes you just have to stand by your conviction against all odds

Monopoly's can only really go one way...like when your at the top of the mountain there's only 1 direction to go....cashless alternatives are on the increase, competition increase, technology on the increase.

I like business that dominate, but only when the barriers to entry are great, physical even better.

 

[ROE]

Monopoly's can only really go one way...like when your at the top of the mountain there's only 1 direction to go....cashless alternatives are on the increase, competition increase, technology on the increase.

I like business that dominate, but only when the barriers to entry are great, physical even better.

That how the market work different people have different ideas and create different emotion that lead to distort in price, those who done the hard yard
and understand the business inside out are then willing to invest heavily when
the odds are in their favour.

let just say if you understand CAB

cashless are superb for CAB, Cash is CAB enermy number 1 not small rival
but there are more to CAB than meet the eyes, you got to look at CAB as a whole
not a payment system ... there is no way rival can command the structure CAB has in place
and its structures has steady increase in the last 12 months even as the lawsuit and threat of rival
are about ...not many notice but some day they will

 

[prawn_86]

NPAT and EPS down 6%. EPS of 47.8c for the Financial Year and final dividend of 17cps, keeping it at 34cps for the year

I have just doubled my holdings. Great company, yielding 8% at current prices

 

[ROE]

NPAT and EPS down 6%. EPS of 47.8c for the Financial Year and final dividend of 17cps, keeping it at 34cps for the year

I have just doubled my holdings. Great company, yielding 8% at current prices

You have strong conviction
some day it pay off
reading the report people has the same fear about cab
as they have with flight centre
some small time operator killing them hmmm sound scary

time will prove them wrong another wonderful
business got knock down due to fear and uncertainty

 

[ryan_wheatland]

I used to be married to this stock, however i am now having second thoughts about its future as every time i get into a taxi i quiz the driver on why they refuse to use the cabcharge terminal, instead pulling out a different terminal from either the glove box or somewhere else. Same old excuse is given, 'cabcharge broken'. Bullcrap, the majority of drivers would stick the knife in to CAB if they could. Very sad to see. Im worried about the long term trend. I hope they venture into payment terminals in other industries one day. Im predicting that in the near future they may have to start offering incentives to drivers, or lower the cut from the current 10%.

 

[ROE]

I used to be married to this stock, however i am now having second thoughts about its future as every time i get into a taxi i quiz the driver on why they refuse to use the cabcharge terminal, instead pulling out a different terminal from either the glove box or somewhere else. Same old excuse is given, 'cabcharge broken'. Bullcrap, the majority of drivers would stick the knife in to CAB if they could. Very sad to see. Im worried about the long term trend. I hope they venture into payment terminals in other industries one day. Im predicting that in the near future they may have to start offering incentives to drivers, or lower the cut from the current 10%.

Same excuse people said about they buy ticket online instead of Flight Centre. I buy ticket online too and I use cash to catch taxi and dont eat much of dominos pizza either prefer home made.

cases here and there doesnt prove much, got to look at the number behind the noises

CAB number is rock solid, from that number it tell me all these third party do bugger all
to their earning.....

these third party player maybe even lose money on this venture... dont know just a stab in the dark as their book are private...

but from what I know, cost of invest in new software and hardware isnt cheap, require a fair bit of capital and it need big volume to generate profit and volume is what these little guys dont have.

so CAB can keep them at bay, squeeze their cash flow and things take care of itself and also a consolidate of a few players together is a sign of weak business, that they are not up to the challenge on their own... Just like Vodafone merge with Three ....

Two ****ty business merge doesnt make it a good business.

ok enough talk I come back here in a few years and say hello

 

[JTLP]

NPAT and EPS down 6%. EPS of 47.8c for the Financial Year and final dividend of 17cps, keeping it at 34cps for the year

I have just doubled my holdings. Great company, yielding 8% at current prices

Hi Prawn,

Any reasoning for the double up aside from the yield? The numbers are down...chart is down...what's the rush?

 

[prawn_86]

Hi Prawn,

Any reasoning for the double up aside from the yield? The numbers are down...chart is down...what's the rush?

Over the last couple weeks it has had minor support at $4.30. Picked some up just after open at $4.31 straight after reading the investor presentation, and the basis that people would realise all is still on track.

They meet all my criteria at $5, so anything less than that is cream for me.

 

[prawn_86]

Up over 26% off its lows a few weeks ago with top holders continuing to increase their stakes.

Personally im up about 18% on capital gains plus a 7% dividend on my initial purchase from last year (will be more this year as i averaged down).

Happy to sit and hold for the longer term

 

[JTLP]

Up over 26% off its lows a few weeks ago with top holders continuing to increase their stakes.

Personally im up about 18% on capital gains plus a 7% dividend on my initial purchase from last year (will be more this year as i averaged down).

Happy to sit and hold for the longer term

Well done...and looks like im biting my own words. Has seen a pretty steep uptrend and wouldn't be surprised to see some profit taking around here. Although I was before and you're in the money prawn

 

[Tatts]

Went ex dividend today and were down 24 cents earlier in the day, checked back in and they are up 15%. They have settled their case with the ACCC paying $15 million