Ann: PRG: Proposed merger of equals with Skilled Group, page-17

Got a bit of both.
Don't have detailed knowledge of either company, but would say that PRG is less risky because it is carrying minimal debt. A good situation to be in given the potential downturn.

SKE will have to seriously curtail future dividends if there is a serious downturn because they only recently leveraged up significantly.

PRG nearly went under during the GFC, I think this has instilled a cautious culture. Good for the current times.