CAB had tough time for years as the rate of the service charge from 10% to 5%.
They happened in different times in different states.
SP had been dragged down
top $13.87 on 5/6/2007
NSW government surprised me to legalise Uber.
I think this was worse than the rate of the service charge from 10% to 5%.
$20000 taxi plate compensation was far away shortage to market value changed
CAB may write off asset value
A big broker forecasted CAB's EPS to fall 7% p.a. over FY15-18E as ride-sharing gains market share.
I think EPS would fall much more than 7% per annum as other states may follow
CAB Price at posting:
$2.71 Sentiment: Sell Disclosure: Held
