Sinking Feeling For Investors In Super Yacht Company -- The TelegraphShares in one of the world’s leading super yacht companies, with clients including Roman Abramovich and Sir Phillip Green, have collapsed despite soaring boardroom pay, prompting outrage amongst investors.
When investors poured their money into one of the world’s leading super yacht companies they did not expect their money would sink like a stone.
Believing YCO would be a safe haven in turbulent times, investors pumped millions of pounds into the luxury boat broker, which has had an impressive range of super rich clients including the billionaires Roman Abramovich and Sir Phillip Green.
However, four years after the flotation, shares in YCO have plunged by 94% – sinking from 49p to just 3p.
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My Comment: Sounds like bad management to me.
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