Good to see you are accumulating and building a base for the CAKE top ups later in the year . How is the break going?
Not much happening with my kids, some up, some down, usual stuff. Glad I took profits on SMN. Great feeling to be free carried. If it keeps dropping I might top up. Waiting for AGO to fire up.... Keeping an eye on GPP, GPPO. Good to see the SGH guys getting a bit of a break. Not surprisingly SCU got smashed.
Have been looking at CAB this morning.
Current SP 3.90, 52 week low 3.01, 52 week high 4.20
Ex div date 30/3/17
Div .10 + .80 (special div) fully franked or just over $1.28 grossed up!
Revenue down 10% this half year. Debt also down. Whole host of regulatory changes happening in the taxi industry to make entry into taxis easier for operators (esp no knowledge test for drivers , and no taxi license fee which used to be mega expensive) but uber also moving in. Not sure what it will mean for CAB long term.
Question is can one get in and out, take the dividend and the franking credits and not lose much on the SP? Unless it drops to below 2.70 it should be possible to make some $$. Must remember the 45 (47) day rule. What do you think?
. How is the break going?
