Comment: ICG investors hold on despite troubled waters

The shares of ICG, the Irish Ferries owner, continued to trade last week at around €10, at the same levels as last March before the current dispute on the Irish Sea had escalated.

3rd December, 2005

The shares of ICG, the Irish Ferries owner, continued to trade last week at around €10, at the same levels as last March before the current dispute on the Irish Sea had escalated.

Allowing for the €6or €7of the share price to account for the asset value of the company, the price suggests that there are enough people out there betting on an outcome in which the ICG succeeds, one way or another, in trimming...

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