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Cabcharge Australia Ltd (CAB.AX)

CAB.AX on Australia Stock Exchange

2.60AUD
26 May 2017
Change (% chg)

$0.03 (+1.17%)
Prev Close
$2.57
Open
$2.55
Day's High
$2.60
Day's Low
$2.54
Volume
220,310
Avg. Vol
272,465
52-wk High
$4.20
52-wk Low
$2.51

Latest Key Developments (Source: Significant Developments)

Cabcharge Australia says Paul Oneile elected as chairman
Thursday, 23 Feb 2017 05:16pm EST 

Cabcharge Australia Ltd : Appointment of chairman-cab.ax . Paul Oneile has been appointed to board of directors and elected as chairman .Oneile succeeds rick millen, who will step down as chairman but remain as a non- executive director of cabcharge.  Full Article

CabCharge Australia HY revenue down 10.7 pct
Thursday, 23 Feb 2017 05:13pm EST 

Cabcharge Australia Ltd : HY revenue down 10.7 pct to $79.1 million . HY loss for period from continuing operations attributable to owners of company down 211.8pct to $18.2 million . Interim dividend (current period) 10¢ per share . Special dividend (current period) 80¢ per share . Company entered into an agreement to acquire business operations trading as yellow cabs queensland for $20 million . Yellow cabs operations expected to contribute revenue of about $40 million and ebitda of $3.5 million to $4 million per annum. . Company entered into an agreement to sell a property in newcastle for $3 million .Expects to recognise a $1.7 million pre-tax gain on sale of newcastle business premises.  Full Article

Cabcharge Australia updates on CDC sale
Monday, 6 Feb 2017 12:36am EST 

Cabcharge Australia Ltd : Confirms sale of its 49% equity interest in CDC is progressing to anticipated completion in late February . Cabcharge has recognised a $20.7 million impairment charge on its 49% stake in Cityfleet Network UK . Anticipates receiving net proceeds of $184 million after final capital gains tax assessment, transaction costs and repayment of loan 1 . Cabcharge will recognise impairment charges of $7.9 million relating to its portfolio of taxi licence plates . Intends to distribute a majority of net proceeds to shareholders .Cabcharge is anticipating a capital gains tax expense of $18.8 million.  Full Article

Cabcharge Australia to divest CDC bus joint venture stake to Comfortdelgro Corp
Tuesday, 20 Dec 2016 05:58pm EST 

Cabcharge Australia Ltd : Sale consideration for cabcharge's 49% interest in cdc is $186 million . Reached an agreement to sell its 49% stake in cdc to partner Comfortdelgro for $186 million subject to firb approval . Net proceeds to cabcharge are expected to be $183 million .Cabcharge to divest cdc bus joint venture stake for $186m-cab.ax.  Full Article

Cabcharge Australia says Rick Millen has been elected as chair of its board of directors
Tuesday, 22 Nov 2016 08:13pm EST 

Cabcharge Australia Ltd - :Rick Millen has been elected as chair of its board of directors.  Full Article

Cabcharge Australia says Rick Millen has been elected as chair of its board of directors
Tuesday, 22 Nov 2016 06:15pm EST 

Cabcharge Australia Ltd - :Rick Millen has been elected as chair of its board of directors.  Full Article

Cabcharge Australia sees A$27.7 mln impairment charges in FY16 for national portfolio of taxi licence plates
Tuesday, 23 Aug 2016 03:57am EDT 

Cabcharge Australia Ltd : Cabcharge expects to book impairment charges of $27.7 million in FY 2016 relating to national portfolio of taxi licence plates . Impairments are non-cash and do not impact on banking covenants . Says the impairments do not affect cabcharge's ability to pay future dividends. .  Full Article

Cabcharge Australia comments on Queensland government taxi reforms
Thursday, 11 Aug 2016 03:03am EDT 

Cabcharge Australia Ltd : Cabcharge comments on Queensland government taxi reforms . The regulatory framework is still to be drafted. . Cap on service fees of 5 per cent was disappointing, but not unexpected" says CEO . Queensland government is proposing to impose 5% cap (inclusive of gst) on what it refers to as `non-cash taxi surcharges' commencing in 2017 . Impact on Cabcharge of a reduction in the level of service fee in Queensland may be mitigated by an increase in electronic payments .  Full Article

Cabcharge Australia announces sale of riley street property
Monday, 20 Jun 2016 10:42pm EDT 

Cabcharge Australia Ltd : Sale of riley street property . Deal for $18.1 million .  Full Article

Cabcharge Australia Limited declares Fully franked dividend
Thursday, 20 Aug 2015 04:53pm EDT 

Cabcharge Australia Limited:Declares Fully franked dividend for 2H15 will be 10 cents, with a record date of 30 September 2015 and a payment date of 29 October 2015.  Full Article

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