Builder moves to dispel investor fears over share price drop

Builder moves to dispel investor fears over share price drop

Glenveagh Properties, the publicly quoted Irish homebuilder, has moved to reassure shareholders that it remains on track to hit key targets amid pressure on the company’s share price.

The share price dipped as low as 67 cent last week, down from summertime highs of €1.22, amid ongoing pressure on all operators in the sector. Cairn Homes traded as low as €1.05, having traded at €1.80 in July.

Sources said Glenveagh had been running road shows and reassuring investors...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post