One51 investors enjoy the rollercoaster ride

INVESTORS who hitched their star to One51 have been through some exciting times, thanks to the freewheeling style of its chief executive Philip Lynch.

Since its inception in late 2005 Mr Lynch has bought minority stakes in NTR, ICG and a number of other companies whose combined worth is estimated at over €500 million, with 80% of that tied into publicly quoted entities like NTR and the car ferries group.

Shares in the group traded at €5.80 yesterday, having been at €6 or higher after the initial float.