A2B - A2B Australia

[McLovin]

If the company "prefers" then how is that forced? Not trying to start arguments but sorry that's an oxymoron if I have ever seen one..

Prefers = will only use unless absolutely necessary. Do we really need to parse sentences?

If you don't think they're a fat, lazy company then we fundamentally disagree. (and there's nothing wrong with that of course!)

 

[Smurf1976]

If the company "prefers" then how is that forced? Not trying to start arguments but sorry that's an oxymoron if I have ever seen one.

It's extremely easy to enforce and widely done.

Employee pays via credit card = no problem, the boss can see proof that it's a legit purchase and there's proof of the amount paid. Easy.

Employee pays via cash and asks for reimbursement = boss promptly points out that it's company policy to pay via credit card and as such, the employee is not entitled to have a cash purchase reimbursed unless they can demonstrate why paying by card was not possible. This will be the first and last time the employee pays cash in a situation where paying by card was possible.

I can't recall having any job where cash was an accepted means of payment for anything other than truly unavoidable situations (eg parking meters). Everything else has always been accounts, purchase orders or credit cards. Never cash.

 

[galumay]

I have done a bit more research of the Apple iWallet pay system and I actually dont think it will have any negative impact on CAB. Merchants will be able to use existing electronic pay hardware, eg eftpos machine, its just a matter of adding code for it to function with Apple iWallet. The impact I see for all business is less cash customers, and that impact will be greater in the US where the take up of non cash payment has been a lot slower than in Australia.

It looks like the big breakthough will be ease of use - better than existing platforms for electronic payment, and security which is the real advance in the Apple system. Should lead to the removal of the $100 limit without PIN for iPhones using iWallet so basically instant, unlimited payments (up to credit limit).

 

[TikoMike]

It's extremely easy to enforce and widely done.

Employee pays via credit card = no problem, the boss can see proof that it's a legit purchase and there's proof of the amount paid. Easy.

Employee pays via cash and asks for reimbursement = boss promptly points out that it's company policy to pay via credit card and as such, the employee is not entitled to have a cash purchase reimbursed unless they can demonstrate why paying by card was not possible. This will be the first and last time the employee pays cash in a situation where paying by card was possible.

I can't recall having any job where cash was an accepted means of payment for anything other than truly unavoidable situations (eg parking meters). Everything else has always been accounts, purchase orders or credit cards. Never cash.

So in summary the Employer is the real customer and they PREFER to use card over cash? I don't understand your point or McLovin's, but anyway regardless I don't see this scenario being bad for CAB either before Uber came or after.

 

[Smurf1976]

So in summary the Employer is the real customer and they PREFER to use card over cash? I don't understand your point or McLovin's

I don't have any stats, but the corporate and government market for taxi services would be significant I'd expect. Attending business meetings, airport transfers, in some cases transport home for normally 9 to 5 employees working late on occasion. Etc. There are also various state government based travel subsidy schemes and they also necessarily involve non-cash account based payments.

In general, that part of the market won't use a taxi service that can't be paid by card, account or by vouchers and will steer well clear of anything not run by a "proper" taxi business as such. It's not about cost, it's about accountability (financial) and what happens if something goes wrong (OH&S).

For the time being at least, this part of the market will be sticking firmly with established operators using Cabcharge facilities for payment unless a directly comparable and fully licensed alternative comes along. Maybe that will change someday, but for the moment at least CAB is a very entrenched operator there.

 

[McLovin]

For the time being at least, this part of the market will be sticking firmly with established operators using Cabcharge facilities for payment unless a directly comparable and fully licensed alternative comes along. Maybe that will change someday, but for the moment at least CAB is a very entrenched operator there.

There's a few corporates that have switched to Uber. Seriously, once you try Uber you won't go back to fobbing about for CC. You get in and you get out. It's convenient. Of course CAB could come up with something similar but they'll have competition.

 

[galumay]

There's a few corporates that have switched to Uber.

Really? Which ones? I cant imagine any significant corporate taking that sort of risk, its way outside their comfort zone with OH&S, insurance, legality, etc.

 

[McLovin]

Really? Which ones? I cant imagine any significant corporate taking that sort of risk, its way outside their comfort zone with OH&S, insurance, legality, etc.

Taxis and hire cars are insured and regulated.

EY does or was about twelve months ago.

 

[ROE]

There is Uber and their is UberX

Uber is the Premium Limo type service like any other Limo service and I am sure there are users just as there are Limo user, which all the cost associated like running a hire transport service like insurance, public liability etc...

UberX is the free for all options with any man and a car and I doubt many corporate will use it
with no regulation and insurance .. all the risk is passed on to the driver

if the worker got injured, they aren't going to sue the driver they going after the corporate with more money
who direct them to use this service.

 

[galumay]

There is Uber and their is UberX ......

Thanks for the explanation ROE, that makes sense, I was surprised at McLovin's suggestion that some corporates user Uber because I was assuming he was referring to what in fact is the UberX service. My bad!

 

[ROE]

5% fee start killing smaller players ....blessing in disguise

that explains the recent price jump ...so now the market isn't fearful of 5% but probably say more
5% please to all states ...so going forward the more state roll out the better for CAB
man a disaster the market fear turn out to be a blessing that is unique

http://www.afr.com/p/business/companies/cabcharge_rival_live_taxi_mulls_7nAeK6Rz6O58uDwHrh14gI

 

[goccipgp]

CAB has an ongoing P/E of 11.04, which indicates that it is undervalued. Technical buying signal at au stoxline with the short term target of 6.95.

 

[galumay]

CAB has an ongoing P/E of 11.04, which indicates that it is undervalued. Technical buying signal at au stoxline with the short term target of 6.95.

Can you please stop posting this spam? P/E is NOT an accurate indictor of value and your continuing advertising of the commercial site, stoxline looks very suspicious. If you have anything of value to contribute we look forward to seeing it!

 

[Joe Blow]

Can you please stop posting this spam? P/E is NOT an accurate indictor of value and your continuing advertising of the commercial site, stoxline looks very suspicious. If you have anything of value to contribute we look forward to seeing it!

goccipgp is now on his final warning. One more mention of that particular website and his account will be suspended. Enough is enough.

Please report it if it happens again.

 

[galumay]

Here is a publicly available link to the story ROE mentioned,

http://www.smh.com.au/business/cabc...er-new-taxi-payment-laws-20140912-10g1td.html

 

[McLovin]

Now they're going square at the corporate market.

Online car hire business Uber will step up its battle with taxi giant Cabcharge on Wednesday, launching an upgraded app that aims to take the hassle out of the way companies order and pay for car travel.

The Uber For Business product was launched in the US, Britain, France and Canada earlier this year, and will be available here from Wednesday.

It will let employees book all work car travel through the existing mobile app and have the bill sent directly to the *company accounting system without the need to fiddle about with paying drivers or keeping receipts.

http://www.afr.com/p/technology/uber_targets_the_business_market_plHEtAf1GmqXycSNnpS9EM

 

[skc]

Another day, another article on the pending demise of CabCharge.

Race on for technology-age taxi dollars

On Friday, some of the country’s most successful entrepreneurs and rich-list families backed an equity raising of taxi booking and payments app goCatch in the race to “break apart” the country’s powerful $5.4 billion taxi industry.Some of the backers of the business include billionaire family the Kahlbetzers, the Millner family, fund manager David Paradice, Malcolm Turnbull’s son, Alex, and Square Peg, a technology venture capital firm backed by James Packer, Seek co-founder Paul Bassat and the billionaire Liberman family.

In a confidential presentation, goCatch’s goal was simple: to capture a “dominant share” of the taxi market. It was a shot across the bow to incumbents. The company told investors: “goCatch is breaking apart the Cabcharge network model and redefining how the industry works.”

It is big talk for a company that is still a minnow, valued at $19 million, compared with Cabcharge’s market capitalisation of almost $600 million.

http://www.afr.com/p/technology/race_on_for_technology_age_taxi_tYMqzmSzocJ13QBFgssm9H

But I think the key quote is this

The brutal reality is that the disruptive technology carries all the hallmarks of what happened in the media industry, the music industry, the book industry and some other traditional enterprises.

I think CAB probably still has a 1-2 year window to morph and evolve and actually has a chance of emerging the winner. It will involve giving away some of its monopolistic profits and attacking the newcomers front on. (OR they could takeover GoCatch and go from there).

Or they can join the likes of FXJ (vs REA/CRZ/SEK)... clutching onto its old bag of gold while it drowned.

 

[So_Cynical]

Lyft is a privately held, San Francisco–based American transportation network company. The company's mobile-phone application facilitates peer-to-peer ridesharing by connecting passengers who need a ride to drivers

This industry is in transition, 100% no doubt about it....the new guys are queuing up to kill the incumbents.

https://www.lyft.com/

 

[ROE]

This industry is in transition, 100% no doubt about it....the new guys are queuing up to kill the incumbents.

https://www.lyft.com/

Those compared CAB to Newspaper is generalizing all disrupting technology will killed off incumbent and probably misunderstood CAB business.

I am of the view CAB will eventually beat them all like FLT with the internet, as you need more than just the Apps to kill CAB, you need much much more more and none of the new entrance has any of it

 

[ROE]

Another day, another article on the pending demise of CabCharge.



http://www.afr.com/p/technology/race_on_for_technology_age_taxi_tYMqzmSzocJ13QBFgssm9H

But I think the key quote is this



I think CAB probably still has a 1-2 year window to morph and evolve and actually has a chance of emerging the winner. It will involve giving away some of its monopolistic profits and attacking the newcomers front on. (OR they could takeover GoCatch and go from there).

Or they can join the likes of FXJ (vs REA/CRZ/SEK)... clutching onto its old bag of gold while it drowned.

I agree they been predicting CAB doom day for a while they actually maintaining their profit, it only decline because of the 5% reduction and share price correct accordingly but the blessing of this is

it will WIPE out most other player and it will emerge to be a very powerful one down the road.

they should be predicting the doom day of Uber 40 Billion private companies that burn hundred of million a year, and no end in sign when they make a profit what happen when the music stop?

I stick with my conviction my average price is under $4 and dividend has been oh so good