Cabcharge Australia Limited
Cabcharge was established in 1976 as a means for taxi operators and drivers to manage non-cash fares. Today the Cabcharge electronic payment system is found in over 96% of Australian taxis, limousines and water taxis. It is also available in some fleets around the world.
Cabcharge, founded by Mr Reginald Kermode, Chairman and CEO since inception, started as a partnership between Taxi Combined Services and Yellow Cab Group. It listed on the Australian Stock Exchange in December 1999 and is now one of the top 200 companies in Australia. It has achieved double digit growth in every year since listing.
Cabcharge has diversified since it listed. Combined Communications Network (CCN) became a wholly owned subsidiary of Cabcharge in January 2002. Cabcharge then acquired Black Cabs, the second largest taxi company in Melbourne, in August 2003. In co-operation with its Singapore based partner, ComfortDelGro, it acquired the Westbus Group in October 2005. The joint venture, ComfortDelGro Cabcharge, now operates Westbus, Hillsbus and Hunter Valley Buses.
Internationally, Cabcharge has had a long standing relationship with ComfortDelGro, the second largest listed land transport company in the world. It has joint venture arrangements with them in the UK covering taxis and hire cars in London, Aberdeen, Birmingham and Edinburgh. It is planned that these operations will provide a base for further expansion into Europe.
Cabcharge operates in one business segment, being the provision of taxi related services in Australia. Through its interest in an associate company, Cabcharge is also engaged in the provision of bus and coach services to customers in Australia. In Australia, Cabcharge's customer base spans accounts ranging from large corporations and government bodies to small business and individuals.
Cabcharge’s products include Cabcharge Card, Cabcharge Gift Card, Two part TAXI eTICKET, Cabcharge Taxi Management System and Cabcharge Fareway EFTPOS System. Its subsidiaries include Combined Communications Network Pty Ltd, Taxi Combined Services Pty Ltd, Silver Service Taxis Pty Ltd, Yellow Cabs of Sydney Pty Ltd, Cabcharge International Limited, Cabcharge New Zealand Limited, Cabcharge Investments Pty Ltd and Helpline Australia Pty Ltd.
The strength of Cabcharge is built on its close relationships with the taxi industry, leading edge technology, continuing innovation and the expertise and commitment of its people.
Market Reports /
by Jessica Amir -
6 years ago
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Company News /
by Rachael Jones -
6 years ago
22 Nov 2018 - The CEO and Managing Director of Cabcharge (ASX:CAB) has delivered his address at their AGM saying he plans to continue to see growth and support taxi networks throug…
Company News /
by Anna Napoli -
6 years ago
18 Oct 2018 - The ACCC has given the green light to the proposed $6.6 million acquisition of Mobile Technologies International by Cabcharge (ASX:CAB).
Stock Watch /
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6 years ago
18 Jul 2018 - Fund Manager, Chris Pedersen dives into the issues impacting the local market. He also looks at Treasury Wine Estates, Cabcharge Australia and RIO.
Market Reports /
by Rachael Jones -
6 years ago
15 May 2018 - Australian share market closed lower as industry heavyweights National Australia Bank and Telstra took a hit. Telstra's share price fell to a 7-year low after analyst…
Market Reports /
by Jessica Amir -
7 years ago
27 Feb 2018 - Market Wrap: ASX etches a three week high and is now 1.2 per cent off its 10-year highs. Cabcharge (ASX:CAB) reported an improvement in its loss for the six months en…
Company News /
by David Murdoch -
7 years ago
29 Aug 2017 - Cabcharge Australia (ASX:CAB) has reported a tumble in its results with its net loss diving 453 per cent on FY16 to $90.6 million for the 2017 financial year.
Market Reports /
by Carolyn Herbert -
7 years ago
31 July 2017 - In the black: Aus shares close 0.31% higher. Cabcharge Australia Limited (ASX:CAB) says its acquisition of Yellow Cabs Queensland is now complete.
Market Reports /
by Carolyn Herbert -
7 years ago
29 Jun 2017 - Strong finish: Aus shares close 1.08% higher. Monadelphous Limited (ASX:MND) has addressed media speculation regarding an acquisition of a civil engineering company.
Company News /
by Jessica Amir -
7 years ago
29 Jun 2017 - Cabcharge Australia Limited (ASX:CAB) says it will sell its 49 per cent stake in CityFleet Networks (CFN) for £7.9 million, which is about $13.3 million.
Market Reports /
by Clive Tompkins -
7 years ago
22 Jun 2017 - It has been a positive end to the trading session for the Australian share market today, with the market building on its positive start, closing 0.7 per cent higher. …
Company News /
by Carolyn Herbert -
7 years ago
22 Jun 2017 - Cabcharge Australia Limited (ASX:CAB) has entered into an agreement to acquire the business operations of Yellow Cabs Queensland.
Market Reports /
by Carolyn Herbert -
8 years ago
24 Feb 2017 - Falls continue: Aus shares 0.44% lower at noon. Billabong International Limited (ASX:BBG) reported a net loss after tax of $16.1 million for the first half of 2017.
Market Reports /
by Carolyn Herbert -
8 years ago
07 Feb 2017 - Market turnaround: Aus shares close 0.11% higher. Estia Health Limited (ASX:EHE) has announced the appointment of Steve Lemlin as its new Chief Financial Officer.
Company News /
by David Chau -
8 years ago
07 Feb 2017 - Cabcharge to recognise $7.9 million in impairment charges relating to its portfolio of taxi licence plates.
Market Reports /
by Carolyn Herbert -
8 years ago
21 Dec 2016 - Strong finish: Aus shares close 0.4% higher. Fonterra Shareholders Fund (ASX:FSF) says it has seen decreased milk production in New Zealand, Australia and Europe.
Company News /
by David Chau -
8 years ago
21 Dec 2016 - Cabcharge Australia Ltd (ASX:CAB) to sell its 49% stake in a private bus joint venture (ComfortDelGro Cabcharge Pty Ltd) for $186 million.
Market Reports /
by Lee Brooks -
8 years ago
09 Sep 2016 - Aus shares set for slow start. Cabcharge Australia Limited (ASX:CAB) says N.T. Government will put a cap on service charges.
Market Reports /
by David Chau -
8 years ago
22 Jun 2016 - Aus shares set to open higher. Cabcharge Australia Limited (ASX:CAB) sells Sydney headquarters for $18 million.
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8 years ago
22 Mar 2016 - Aus shares close flat. Shareroot Limited (ASX:SRO) has announced it has successfully renewed its contract with UCLA for a further 12 months and is significantly grow…
Company News /
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8 years ago
22 Mar 2016 - Cabcharge Limited (ASX:CAB) along with other industry participants and taxi networks have been authorised by the ACCC to launch and operate a new smart-phone taxi boo…
Market Reports /
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9 years ago
26 Feb 2016 - Despite positive leads from US markets, our local share market struggled for direction this session closing the day flat. Woolworths Limited (ASX:WOW) reported $973 …
Stock Watch /
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9 years ago
21 Oct 2015 - Investment advisor Gary Glover takes a technical look at S&P/ASX200, Dow Jones Industrials, AMP, HSO, MYR, GBT, FXL, CAB, and IFM.
Market Reports /
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9 years ago
12 Oct 2015 - Aus shares close 0.89% lower. Skydive the Beach Group (ASX:SKB) has signed an agreement to purchase Skydive Queenstown.
Company News /
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9 years ago
12 Oct 2015 - Cabcharge Limtied (ASX:CAB) says the ACCC has moved to deny authorisation of a new taxi booking app.