Looks to be going the way of Vocation

http://the-scan.com/2014/12/17/acn-float-flounders-in-a-sea-of-troubles/

The shares opened at $1.30 on 15 December, 23% below the listing price of $1.70, and closed the day at $1.36.
The Melbourne-based company was forced to delay and scale back a planned $100 million float, raising $54.4m in a listing handled by Sydney based Petra Capital, after investor sentiment soured following troubles at fellow education provider Vocation Limited.

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Meanwhile around the Petra Christmas tree..... Long a few too many ACO.....  OH  ho ho ho.......