Regent Inns’ share price took another pummelling last week, down to just over 3p ( yes, three pence ) at one stage before ‘bouncing’ back’ to finish the week at around the 4p mark. I’m kind of staggered by this. It’s not too many years ago when that share price was over 300p, I know things change but that is a dazzling fall.
I have some friends still at Regent, and many more throughout the industry who I met through my work at Regent Inns, and am genuinely sad to see where they have ended up.
They have made the decision to fight for their market share though, and knowing the people I do at Regent I believe that they have a chance of trading their way out of the situation they are in. They are clearly not breaking their banking covenants and there have been significant changes at the top; good luck to them.
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on Monday, July 7th, 2008 at 10:44 pm and is filed under General, News & Comment.
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Regent – Deeper and Deeper
Regent Inns’ share price took another pummelling last week, down to just over 3p ( yes, three pence ) at one stage before ‘bouncing’ back’ to finish the week at around the 4p mark. I’m kind of staggered by this. It’s not too many years ago when that share price was over 300p, I know things change but that is a dazzling fall.
I have some friends still at Regent, and many more throughout the industry who I met through my work at Regent Inns, and am genuinely sad to see where they have ended up.
They have made the decision to fight for their market share though, and knowing the people I do at Regent I believe that they have a chance of trading their way out of the situation they are in. They are clearly not breaking their banking covenants and there have been significant changes at the top; good luck to them.
This entry was posted on Monday, July 7th, 2008 at 10:44 pm and is filed under General, News & Comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.