Groves looks to be maintaining a large amount of wealth while shareholders and creditors in ABC Learning Centres are left with virtually nothing.
Abc learning centres
The Parisien model for child care
With one of Europe’s highest birth rates, the French have taken a different approach to providing child care, explains Jonathan Walter.
Eddie Groves: “It’s the auditor’s fault”
Eddy Groves has come out swinging, claiming that ABC’s woes lie at the foot of former auditors, Pitcher Partners, and not the company itself, writes Adam Schwab.
ABC Learning nears death as desperate Gunns asks for $430m
After days of argy bargy, Gunns has not come up with a formula for capital raising writes Stephen Mayne.
Corporate come-uppances: How the mighty have fallen
With the long awaited collapse of the Babcock & Brown virtually all the charlatans have now fallen back to earth, with only Macquarie emerging, severely bruised but for the time being, still standing, writes Adam Schwab.
The ever growing credit crunch casualty list
With the credit crunch continuing to claim fresh corporate victims, Glenn Dyer delivers his diagnoses.
Kohler: Back to school, Eddy
Both Eddy Groves and ABC Learning should survive as long as the lessons of the past week are learnt, writes Alan Kohler.
Accounting games at ABC as Groves faces the dreaded margin call
ABC Learning Centres is awfully fortunate that its banking covenants don’t relate to market capitalisation, writes Adam Schwab.
Austock the latest investment house to be shunned
While much speculation has surrounded the future of Tricom, the listed Austock, another mid-tier local investment house, has been shunned by investors, writes
Tips and rumours
Look who’s hanging out in Hollywood?! ABC Learning Centres boss Eddy Groves is pictured in the background of this paparazzi shot in LA.
Check page 14 of this month’s AFR Smart Investor. Yes, they recommended Centro Retail Trust!
In Smart Investor Jan 2008 under the title of “Holding all the aces”, it compares various funds and would […]
Tough times for ABC Learning
Eddie Groves’ ABC Learning Centres has had a torrid time of late, with its shares closing at $5.51 yesterday - down from $8.50 in January, writes Adam Schwab.
Timbercorp’s connection to Austock and ABC Learning
On Tuesday, Crikey investigated the close links between brokerage house, Austock, and major client ABC Learning Centres. It is worth nothing that ABC isn’t the only client with extremely close ties to the broker. Timbercorp, the listed agribusiness investment manager is also closely intertwined with Austock, writes Adam Schwab.
