Congratulations and thank you Davydd for your leadership on seeking a review of the City of Melbourne Act.
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Karl Hessian
6.2K posts
Karl Hessian
@KeikoServices
CCSS software provider to #ECEC sector.
Melbourne VIC Beigetreten Haziran 2012
232 Folgt260 Follower
"The Creative Garden matter"
"Reputational overhang"
What an outrageous way to discuss sexual abuse at a G8 Education service.
#ozearlyed
thesector.com.au/2025/07/07/g8-…
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@claudedwalker I can't repost this but I would if I could. Claude nails it.
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Quadrant, current owner of Affinity, not having a great time. #ozearlyed
afr.com/policy/health-…
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An editorial comment.
Karl Hessian@KeikoServices
@LisaJBryant Affinity manifestly does not have a strong quality focus. To the extent that it focuses on quality, it is about getting "Working" to "Meeting". It does not appear to be focused on investing in "Meeting" services to achieve "Exceeding"; in fact, the evidence suggests the opposite.
Català
A ratings snapshot.
Karl Hessian@KeikoServices
@LisaJBryant You might be interested to know that ACECQA publishes previous ratings alongside the current ratings of services. Affinity has 146 services, 93 of which have now been rated twice. Of these 93, 47% maintained the same rating, 32% went up and 20% went down.
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No visibility of Affinity's accounts once it delisted.
Karl Hessian@KeikoServices
If G8 is having such a rough time of it you have to wonder how Affinity is going in PE hands. I'm guessing Not Good. #ozearlyed
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Affinity spent barely two years on the ASX.
Karl Hessian@KeikoServices
Trivia: Vocation and Affinity both listed on the stock exchange on 9 Dec 2013. Neither company will make it much past their 2nd anniversary.
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G8 enters the room. This takeover failed spectacularly, and side note, was directly responsible for Jenny Hutson quitting as Chair of G8. Further side note, Hutson was charged by ASIC for her role in the takeover but that is a whole other story so let's not get distracted.
Karl Hessian@KeikoServices
G8's formal takeover offer announcement: asx.com.au/asxpdf/2015070… Affinity's response: asx.com.au/asxpdf/2015070… #ozearlyed $AFJ $GEM
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How did Affinity go as a listed company? Yeah, not great. This was approximately 18 months after listing.
Karl Hessian@KeikoServices
Financial year wrap: Affinity Education share price at 1/7/2014: $1.22; 30/6/2015: $0.81; Return: -34%. Number of services today: 160. $AFJ
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How did Affinity go as a listed company? Yeah not so good.
Karl Hessian@KeikoServices
Affinity Education: Net assets (31/12/2014) $148m; Market capitalization (2/7/2015) approx $125m. Refer ASIC Info 203
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