check out cabcharge, page-5

results out

profit up 36.3% to $51.82m, however below market consensus of $53.8m which explains the near 10% drop in share price today (along with -ve market mood)

Interesting to note they have $44.9m worth of taxi plates on their books, more than doubling their taxi plate exposure. A great revenue source, they assign the plate (collecting fees), they place the plate in their taxi networks (collecting communication fees), they provide eftpos terminals (collecting transaction fees) etc. They are clipping tickets everywhere.

CAB are great exposure to the taxi industry for those who cannot afford a taxi plate.