Vocation placed in another trading halt

Troubled education provider Vocation has been placed in its third trading halt since October.

Electronic share board.

Troubled education and training group Vocation has placed its shares in a trading halt. (AAP)

Troubled education and training group Vocation has placed its shares in another trading halt ahead of an expected update on its earnings forecast.

Vocation expects its shares will remain in a trading halt until it releases its updated forecast on or before Wednesday.

"Vocation is seeking the trading halt to enable the company to complete certain financial reviews which are currently in progress," it said on Monday.

The company was placed in a trading in early December as it carried out a review of its finances.

Vocation was put into another trading halt in late October after a Victorian government review found that some students were enrolled in inappropriate and low quality courses.

Former federal education minister John Dawkins quit as Vocation's chairman in November as a shareholder launched legal action against the company, claiming it had misled investors.

Vocation's share price has plummeted in recent months, from $3.35 as recently as September to a record low of 18.5 cents in December.

It was trading at 25 cents before the latest trading halt.


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Source: AAP


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