Hi Jluzza, Maybe I'm reading it incorrectly, but half year report shows increased revs. Half year earnings mainly lower due to higher exp and in particular large financing costs. They did say that US seasonality factors do affect the half year accounts and they have indictaed that this would result in increased earnings in the second half in respect of teh US sector. As far as the Australian Operations go I can't see anywhere where they have stated numbers were down and hence there was nothing for them to disclose in this respect. As to whether they should have disclosed increased financing costs and the effect that would have on the result I'm not so sure. They disclosed the completion of the new debt facility in December and we all know the banks don't provide these facilties without a fee. I sympathise with you as to your losses. I too have had huge losses, enough to buy me a new house so I'm hurting too. If Eddy and Co thought this was going to happen they would have been offloading their shares late last year. They were caught short by the hedge funds and are hurting just like you and I.
ABS
a.b.c. learning centres limited
