Williams F1, or more specifically Williams GP Holdings, has lost over 27% of its value since it launched on the stock market in February.
The Grove based outfit has endured its worst start to a season in its 33-year history.
Failure to score points, or even come close, has had a massive effect on its share price which has dropped from a launch price of €24.21 to just €17.69 (per share).
Whilst Williams haven’t suffered much from the decrease, due to them not issuing any extra shares, instead Patrick Head offered up his 27.39% of the business, it is the shareholders whom have lost out.
Investment firm Cyrte in particular are the biggest loser having snapped up 5% of the floated shares. The recent drops over the past month have seen their ownership value drop by £2.9 million (€3.3m).
If Williams can’t up their performance, the shares could continue to tumble further until the they become near worthless.
Australia (March 28th): Both cars fail to finish, stock drop minimal, likely due to it being the season opener.
Malaysia (April 11th): Both cars again fail to finish, stock begins to tumble as FW33’s reliability issues show consistency.
China (April 18th): Barrichello finishes 13th, Maldonado 18th, a double-finish, their first of the season, leads to a slight increase in the share price.
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