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Author dazedandconfused     View Profile     Add to favourites     Ignore
Date posted 2013-09-11 09:06
Subject Consolidation in the market 
Opinion Weak BUY
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Happy and surprised at the recent SP rise, but it's just been announced that Jacobs (US Consultancy) has bought SKM (Australian one) for £750m, and they are a smaller company than Atkins by some street, but in more lucrative (mining) markets. 6000 employees at SKM, which kind of suggests each employee is of 'value' £100,000 or more, assuming SKM doesn't have major property or wequipment assets! With a Canadian firm 'merging' with WSP and they themselves buying a Scandinavian consutancy beforehand, looks like consolidation with the big boys' continues. Might explain why Hyder's share price is also going north...?


PS. Will someone please take Watermans out shares there are the same price i bought them in 1993....
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