We suggested selling shares in office rental firm Regus as the company looked especially exposed to any slowdown through the onerous commitments to the leases that it holds off balance sheet. Six weeks on, however, and the US jobs market is in recovery mode while equity markets throughout the developed world have rallied strongly. So the very reason we picked Regus as a sell tip is exactly why its shares have been in the vanguard of the market's recovery, rising 26 per cent to 111p.
IC TIP:
Hold
at
111p
In the company's half-year results 41 per cent of revenues came from the Americas, which includes the US, Canada and Latin America.
