Be glad you couldn’t buy Eircom shares at re-flotation!

THE 500,000-plus who lost heavily in the first Eircom flotation are thanking their lucky stars they did not get the chance to buy into the telecom’s second coming.

Since the re-flotation, the shares have failed to rise above its launch value of €1.55 a share.

At the start of the week, they were down at €1.35, a fall of 13%, while they are currently off over 6% as markets show virtually no interest in driving up the stock by buying into the Eircom story.