Categories:Australasia

Russell Jones & Walker acquired by listed Aussie firm Slater & Gordon

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Readers' comments (15)

  • Debt might be extinguished, which may be a relief to those currently exposed. However, control has now been sold to a PLC which will demand results. Non performers will be more vulnerable than under the old regime. Smaller more profitable firms with good profit margins , and a brand / feeder, may become highly attractive to CMC's /ABS's. They will be cheaper, and provided sufficient cash is offered to the owners, these lifestyle businesses may just sell.

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  • It should be pointed out that due to the value of the pound against the Aussie dollar, this deal is nearly 20% cheaper for Slaters than it would have been two years ago (GBP12.9m on 1/1/2010: c. $22.1m; on 1/1/2011: c. 18.24m).

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  • I am delighted for Neil and his team. It is richly deserved

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  • @confused.com
    We have already seen Claims Direct on the stock exchange once before. Unfortunately that didn't end well.

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  • More training contracts please.

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