Director dealings: Reabold chairman tightens grip

Reabold Resources chairman Jeremy Edelman bought another 5m shares in the AIM-quoted natural resources investor to take his stake in the company up to 46%

Australian lawyer Edelman, a serial AIM director with experience at Altona Resources, Leni Gas & Oil and Braemore Resources, is by far the largest investor in the company and his Saltwind investment vehicle now owns 149m shares in the business after the 0.4p-per-share purchase, which cost him £20,000. This left him £4,000 spare after his year's remuneration from the company, according to recently published annual accounts.

Published at the end of last week, the calendar 2015 accounts for Reabold, which adopted its current name in December 2014 after its collapse and insolvency as Adventis Group in 2012, showed a £104,000 loss for the 12 months ended 31 December, down slightly from the £118,000 in 2014.

Net assets as at 31 December were £624,000, up from £424,000 over the year, while the company had cash of £481,000, which was topped up in January with an additional placing of 40m shares a price of 0.5p apiece that raised £200,000 "for working capital purposes".

According to the accounts, the company seems to have just one investment, of 5m shares in Mogul Ventures Corp, a private company focused on natural resources in Mongolia, principally in tin.

Edelman said in a statement in the accounts that the board, which consists of him and one other director, "is moving forward positively to drive shareholder value through the investment strategy" and "believes there are positive cyclical investment opportunities in resources stocks" but "will evaluate investment opportunities in other sectors as they arise".

Top Director Buys

Reabold Resources (RBD)
Director name: Edelman,Jeremy
Amount purchased: 5,000,000 @ 0.40p
Value: £20,000.00

Foreign And Colonial Inv Trust (FRCL)
Director name: Knapp,Edward
Amount purchased: 3,130 @ 483.50p
Value: £15,133.55

Paragon Entertainment Ltd (di) (PEL)
Director name: Dobson,John
Amount purchased: 274,095 @ 1.82p
Value: £5,000.04

Travis Perkins (TPK)
Director name: Walker,Robert M
Amount purchased: 297 @ 1,581.64p
Value: £4,697.46

Arden Partners (ARDN)
Director name: Keeling,Jonathan B
Amount purchased: 20,500 @ 22.57p
Value: £4,627.47

Arden Partners (ARDN)
Director name: Johnson ,Luke Oliver
Amount purchased: 20,500 @ 22.57p
Value: £4,627.47

Paragon Entertainment Ltd (di) (PEL)
Director name: Dobson,John
Amount purchased: 219,134 @ 1.83p
Value: £4,000.07

Centaur Media (CAU)
Director name: Mukerji,Swagatam
Amount purchased: 10,000 @ 35.00p
Value: £3,500.00

Paragon Entertainment Ltd (di) (PEL)
Director name: Dobson,John
Amount purchased: 164,189 @ 1.83p
Value: £3,000.06

Paragon Entertainment Ltd (di) (PEL)
Director name: Dobson,John
Amount purchased: 164,189 @ 1.83p
Value: £3,000.06

Inchcape (INCH)
Director name: Vestring,Till
Amount purchased: 411 @ 674.00p
Value: £2,770.14

Inchcape (INCH)
Director name: Langston,John
Amount purchased: 292 @ 674.00p
Value: £1,968.08

Inchcape (INCH)
Director name: Stein,Nigel
Amount purchased: 233 @ 674.00p
Value: £1,570.42

Inchcape (INCH)
Director name: Cooper,Alison
Amount purchased: 233 @ 674.00p
Value: £1,570.42

Travis Perkins (TPK)
Director name: Rogers ,Christopher
Amount purchased: 53 @ 1,581.64p
Value: £838.27

Travis Perkins (TPK)
Director name: McConville,Coline
Amount purchased: 52 @ 1,581.64p
Value: £822.45

Travis Perkins (TPK)
Director name: Anderson,Ruth
Amount purchased: 52 @ 1,581.64p
Value: £822.45

Travis Perkins (TPK)
Director name: Redfern,Peter
Amount purchased: 49 @ 1,581.64p
Value: £775.00

Travis Perkins (TPK)
Director name: Rogers,John
Amount purchased: 43 @ 1,581.64p
Value: £680.10

Legal & General Group (LGEN)
Director name: Gregory,Mark
Amount purchased: 107 @ 205.00p
Value: £219.35

Legal & General Group (LGEN)
Director name: Wilson,Nigel
Amount purchased: 95 @ 205.00p
Value: £194.75

Ultra Electronics Holdings (ULE)
Director name: Sharma,Ami
Amount purchased: 9 @ 1,717.00p
Value: £154.53

Ultra Electronics Holdings (ULE)
Director name: Sharma,Rakesh
Amount purchased: 9 @ 1,717.00p
Value: £154.53

Ultra Electronics Holdings (ULE)
Director name: Anderson,Mark
Amount purchased: 9 @ 1,717.00p
Value: £154.53

Top Director Sells

Bt Group (BT.A)
Director name: Wilcox,Alison
Amount sold: 40,329 @ 417.00p
Value: £168,171.93

Cropper (james) (CRPR)
Director name: Thompson,Martin
Amount sold: 5,801 @ 890.00p
Value: £51,628.90