Slater & Gordon shares plunge as analysts cut earnings forecasts

By Jonathan Shapiro
Updated November 27 2015 - 5:08pm, first published 12:17pm
Analysts are attempting to quantify how bad the hit will be to the company's earnings following a wave of reforms in the UK aimed at cracking down on compensation culture.  Photo: Kerrie Leishman
Analysts are attempting to quantify how bad the hit will be to the company's earnings following a wave of reforms in the UK aimed at cracking down on compensation culture. Photo: Kerrie Leishman
The company's market capitalisation is now about $267 million down from a peak in June of $2.7 billion. Photo: Jessica Shapiro
The company's market capitalisation is now about $267 million down from a peak in June of $2.7 billion. Photo: Jessica Shapiro
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Slater & Gordon's share price has collapsed again, taking the amount wiped off the company's value this week to $700 million, as analysts warn future earnings are set to be cut in half from 2017.

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