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...
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