Cherrypicker - I'm also concerned - If 5.65 doesn't hold then this ones suspect. Bottom after that is 5.5. Dividend is good at 17c a share but they were paying that when the sp was close to $15.00... too much pressure on this Co. from outside influences who want a share of the market at below cost entry fees - hence tho continual pressure from ACCC and the like. The move into the British market esp. with Mersey Cabs (and was there another in Edinburgh or Glasgow ?) has been disastrous, no homework done there with the private and unregulated operators absolutely killing their business.
CAB Price at posting:
$5.70 Sentiment: None Disclosure: Held