ive started accumulating below $2, I don't care what anyone here says, I think below is a good LT buy, I have my own reasons why I think so, as do 2 directors who have recently been buying under $2.
With the eftpos fee now 5% FOR EVERYONE including the other eftpos terminal operators like go catch and ingogo, this will be a level playing field.
Remember, the other eftpos terminal operators got cab drivers to use them because they paid the driver 5% fee on their fares, if the cap is 5% TOTAL on fees, how will these companies make a profit?
because cabcharge don't give their drivers any cut of the fare.
So during the next few yrs, the eftpos competition that cabcharge faces I think will disappear.
London banning uber is a good sign too, maybe Sydney is next?
CAB Price at posting:
$1.92 Sentiment: Buy Disclosure: Held