A leading analyst yesterday said he would be surprised if One51 were to be bought out around its current share price of €1.85 and believes that the plastics, waste management, and NTR stake-owning group led by chief executive Alan Walsh remains intent on bringing the firm to market in an initial public offering sometime in the future.

NTR – the wind farm, water treatment and roads investment conglomerate — has said it is still on course for another tens of million-euro payout to its warring shareholders later this year —after completing the sale of wind turbines in the US.

Renewable energy and infrastructure firm NTR announced its financial results for the year ended March 31, 2015 today.