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Coffeeshop Chit Chat - Bad Decisions - Where's Accountability?</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">JTan777 <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Oct-26 6:35 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ckmpd <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (4 of 23) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>1804.4 in reply to 1804.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>You forgot this ....
http://www.abc.net.au/news/stories/2008/08/27/2347609.htm
'Fast Eddy' leaves ABC Learning investors reeling
By Greg Hoy
Posted Wed Aug 27, 2008 10:09am AEST
Updated Wed Aug 27, 2008 11:22am AEST
ABC Learning requested a trading halt on its shares four days ago (www.childcare.com.au)
Until six months ago, the world's biggest child care operator, ABC Learning, looked like one of Australia's great corporate success stories.
Looks can be deceiving, as ABC's investors discovered the hard way.
Beneath the smiling veneer there is deep trouble in the kids' kingdom, Australia's most heavily Federal Government-subsidised company.
ABC Learning requested a trading halt on its shares four days ago, as a deadline loomed for its latest financial results.
Bear in mind the company had already flagged that it would have to declare a pre-tax loss of $437 million - information that triggered a further slump in the share price.
That has now fallen from last year's high of $8.80 to just 57 cents at the latest trading halt.
.....................
Huge losses
But there are many who have bought the Mr Groves story completely.
The Singapore Government's investment company last year spent $400 million buying shares at $7.30, to buy 12 per cent of the company, which has so far lost around $350 million in value.
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http://www.abc.net.au/news/stories/2008/08/27/2347609.htm
'Fast Eddy' leaves ABC Learning investors reeling
By Greg Hoy
Posted Wed Aug 27, 2008 10:09am AEST
Updated Wed Aug 27, 2008 11:22am AEST
ABC Learning requested a trading halt on its shares four days ago (www.childcare.com.au)Until six months ago, the world's biggest child care operator, ABC Learning, looked like one of Australia's great corporate success stories.
Looks can be deceiving, as ABC's investors discovered the hard way.
Beneath the smiling veneer there is deep trouble in the kids' kingdom, Australia's most heavily Federal Government-subsidised company.
ABC Learning requested a trading halt on its shares four days ago, as a deadline loomed for its latest financial results.
Bear in mind the company had already flagged that it would have to declare a pre-tax loss of $437 million - information that triggered a further slump in the share price.
That has now fallen from last year's high of $8.80 to just 57 cents at the latest trading halt.
.....................
Huge losses
But there are many who have bought the Mr Groves story completely.
The Singapore Government's investment company last year spent $400 million buying shares at $7.30, to buy 12 per cent of the company, which has so far lost around $350 million in value.
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