Questions of service quality arise when trying to run what should be a local community services like a chain of laundromats, writes Eva Cox.
ABC Learning
ABC learning collapse is a policy failure
Successive governments have failed to think long-term about the provision of childcare for Australians. It’s time the Rudd Government corrected that failure, writes Bernard Keane.
The Groves debacle takes ABC into Australian corporate history
ABC Learning’s failure may be remember as one of Australia’s most notorious corporate meltdowns, writes Adam Schwab.
Eddy’s dream is over: ABC Learning in voluntary administration
The buzzards which have been circling have finally descended onto the carcass of ABC Learning.
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.
ABC Learning, the great money losing machine
Doing the sums on ABC Learning shows up one damning stat — the company has never made a cent. Adam Schwab fires up his calculator.
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.
Briefly Business: KPMG, ABC, LBO’s & Texas Pacific
KPMG rep takes another hit … ABC Learning still talking the talk … Texas pacific not playing by the rules …
Briefly Business: ABC, Gunns, Fuwa
ABC Learning proves the rule … Gunns back in the money … Busting Trust … Food and oil price rises take toll in Asia.
Briefly Business: ABC not ABC, petrol, new NAB loan
That’s ABC, not ABC … Some good news at the bowser, finally … No break fee and no discount from NAB … Where’s the public outrage on the US credit crisis?
Groves scoops up ABC Learning options at below market value
What was Eddie Groves thinking when he issued himself with millions of share options at below market price?
ABC Learning’s generous use of play money
Shares in ABC Learning might have risen (slightly), but shareholders are unlikely to be rejoicing, writes Adam Schwab.
Crikey’s business report card: balancing the books
Here is a wrap of how Crikey’s business predictions have panned out over the past 18 months. By Adam Schwab.
Briefly Business: Arrivederci La Voca, fuel, Octaviar
Arrivederci La Voca … Fuel consumption confidence … Octavier’s woes … Flight Centre flying … Watchdog takes ABC Learning to court.
Time to put ABC Learning out of its misery
While withdrawing government subsidies would be extremely messy, perhaps a government takeover bid for the whole company is the order of the day, writes Stephen Mayne.
Things not so funtastic for Eddie and ABC
When will Eddie Groves get his marching orders, wonders Adam Schwab?
Facts fail to bear out Groves’ hedge fund claims
Data shows that Macbank is the most-shorted stock on the ASX, but the bears are less enthusiastic about shorting ABC Learning Centres, despite the claims of Eddy Groves, reports Adam Schwab.
ABC Learning admits defeat in the US, problems continue at home
ABC Learning Centres has been defeated in the US, but it has also acknowledged that there are serious problems in its Australian business, writes Adam Schwab.
Tips and rumours
Some ABC Learning staff have had their pay delayed as the company struggles to make ends meet. AirServices Australia has agreed to a confidential but very expensive settlement of claims for damages by the victims of an air crash south of Wangaratta 28 July 2004. A light aircraft owned by the D&R Henderson timber firm […]
So much for the Eddy Groves ‘coup’
Eddy Groves was universally hailed as a genius yesterday for last night’s Morgan Stanley Private Equity deal but the market wasn’t so impressed, writes Stephen Mayne.
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.
