One51 could ‘double value of its shares’

INVESTMENT group One51 has the capacity to more than double its share value and could either float or sell its environmental services division in the next couple of years, according to one stockbroking firm.

Shares in the Philip Lynch-led business are currently trading at a price of €1.90 on the so-called grey market.

The business has significant shareholdings in a variety of Irish companies, including shipping business Irish Continental Group (ICG), financial services provider IFG and renewable energy specialist NTR.