Pretty similar to what we have all said. New legisilation shouldn't affect CAB, but who knows, maybe it will, and that slight risk and uncertainty is what has caused the fall in share price. The market hates uncertainty, but if you are certain it wont be affected then perhaps it may be a good time to think about buying more?
Pretty similar to what we have all said. New legisilation shouldn't affect CAB, but who knows, maybe it will, and that slight risk and uncertainty is what has caused the fall in share price. The market hates uncertainty, but if you are certain it wont be affected then perhaps it may be a good time to think about buying more?
cant complain about the result today
dividend increase in line with profit increase...
I have not read the entire report, but I see the company is quoting a 30% increase in NPAT. The only reason this is true is because of the litigation impact on last years earnings. Using normalised NPAT, the result is actually a drop in growth from last year...
The Company achieved a healthy normalised net profit after tax of $68.7m for the year,
up 12.3%. This excludes the $15m ACCC settlement expense in FY11 and the $8.7m
impairment charge on our investment in our Associate CityFleet UK in 1H12.
Increases in operating expenses are in line with growth in our operating revenues and
it should also be noted that the Company did not pay any bonuses to the KMPs during
the year. Our reported NPAT for the year is $60m, up 30% on FY11.
Yet China data makes this stock go from being optimistic about CAB's results to being pessimistic? Sorry but what? Mr Market confuses me yet again.
Our old friend Neill Ford has sold over 1 million dollars of stock in the last week according to the Director's Interest notice. Very interesting!
They should stop buying soon. They already have over 10%. Perhaps I might get another buying opportunity... I've missed so many with this stock.Look like Lazard mopping up most of that, good day to lodge notice on top of going XD
I think CAB is a risky investment.
We are last to hear what decisions are made and the company can be severely affected by government intervention and is subject to new disruptive technologies.
These apps actually look like a good idea. *If* they became popular they could definitely hurt CAB. I'll be trying it out this weekend.
http://www.smh.com.au/technology/te...sw-taxi-monopoly-in-doubt-20121102-28nv6.html
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