CAB

Cabcharge Australia (CAB)

Fri, 27/06/2008 - 06:13

Stock Code

CAB

Stock Exchange

Australian Securities Exchange

Cabcharge Australia Limited (CAB) is an Australian based company engaged in providing taxi charge account service businesses and other related services in Australia. It also provides electronic payment systems for the transport sector with main operations in Asia, Europe and in Australia. CAB was listed on the Australian Stock Exchange on the 14th of December 1999. Its average annual revenue reaches approximately AUD$151 million. Its headquarters is located in Sydney, Australia and to date; around 375 people are employed in the company.

Cabcharge Australia (CAB) Update

Thu, 15/05/2008 - 07:13

MRE has retained it’s outperform recommendation for CAB with a $11.05 price target, with the suggested upside of over 20%.

Cabcharge Australia (CAB) – Taxi!!

Cabcharge Australia Limited (CAB) has reported on the performance of its non-core investments, a 49% stake in Westbus, which accounts for around 11% of NPAT and a 33% stake in Cityfleet (UK), which accounts for around 3-4% of NPAT. Today, Macquarie Research Equities (MRE) reviews these results and the expected performance of CAB in the near term.

Macaurthur Coal (MCC) Best Performing Stocks

Sat, 13/10/2007 - 04:56

Macarthur Coal (MCC) was the overall best performing stock taking in a 19.54 percent increase. Among the best performing companies for the past week (week 41 of 2007) on the Australian sharemarket were a mixture of chemical manufacturing, communication services, aviation, coal mining, metal and transportation: Incitec Pivot (IPL), Telstra Corporation (TLS), Qantas (QAN), Macarthur Coal (MCC), Mt. Gibson Iron (MGX), Cabcharge Australia (CAB). These best performing stocks for week 41 managed more than 5.48 percent gain by the end of the trading week.

Cabcharge (CAB)

Wed, 12/09/2007 - 23:53

Cabcharge (CAB) has a retained Outperform stock recommendation and a 12 month share price target of $12.95 from Australian stock analyst Macquarie Research Equities. The analysts are strong believers in the outlook for Cabcharge (CAB). In fact, on the company's numbers, CAB is trading at a multiple of 17x next year's earnings - the cheapest it has been in two years. FY07 EPS growth of 32%, 4% short of expectations: Cabcharge delivered a FY07 Net Profit After Tax (NPAT) of $51.8m, up 36% (Macquarie: $53.9) on an EBIT inclusive of associates (Westbus & UK) of $71.9m (Macquarie$71.7m). Core payment system delivers 16.2% turnover growth. The key drivers remain taxi fare inflation (4.6%), additional taxis on the road (1.2%), the GPRS system allowing more taxis to carry the Cabcharge payment terminal (estimated 5%, non-recurring growth), as well as the substitution effect of more customers preferring to pay by card instead of cash (estimated 3.5%). The analysts estimate that the underlying revenue growth is around 8.10% and the leverage within the model provides EBIT growth of 15.25%. Outlook for Cabcharge is positive. Although no specific guidance was issued, Cabcharge did note that the outlook was even more positive than in previous years, despite the unsettling period in world markets and the credit crunch.. The last three years has seen Cabcharge deliver 17.7% EPS growth in FY05, 36.8% EPS growth in FY06, and 32% EPS growth in FY07.The analysts havea forecast EPS growth of 25% for CAB. The analysts' 12-month price target of $12.95 is derived by applying an EV/EBIT multiple of 13.5x to Cabcharge’s (ex. Westbus and UK) FY09E EBIT of $91.3m and 16.5x to MRE’s $16.2m equity accounted NPAT contribution of the Westbus and UK investments. The Cabcharge investment thesis remains intact with superior and increasing returns on capital derived from a high growth, dominant payment business, and select investments in transport businesses.

Broker Recommendations Rundown

Sun, 09/07/2006 - 11:44

If you wish to use these broker recommendations for trading shares listed on the Australian Stock Exchange, it is highly recommended that you back up your analysis using fundamental or technical analysis or a combination of both before investing in any company.

UBS has a Neutral 2 recommendation for National Australia Bank (NAB) with a target of $35 per share.

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