The gyrations in the CAB SP over the last month or so have been a day-trader's dream. Movements of 5% up and down over days remains unexplained. Looking back even over the past 3 years shows this stock is historically volatile, with movements of -$1 to $1.50 being common, usually after a dividend, but not directly correlated to it. The price falls are typically 5 to 6 mo apart but vary in the detail. The last year has been somewhat flatter, with only a rise in September, followed by the usual but less abrupt decline.
The past data suggests there will be a rise starting in late Jan and peaking in early-mid Feb. The Interim results and dividend announcement usually occurs by the end of Feb, so I guess its speculative buying ahead of that.
CAB Price at posting:
$4.54 Sentiment: Buy Disclosure: Held