Electronic components distributor Acal continued to improve today as it emerged that chairman Richard Moon had boosted his stake by almost £50,000.
Moon, who became non-executive chairman in 2005, snapped up 25,000 Acal shares at 108p each, while Synergie Business Limited, a company of which he is a director and major shareholder, bought a further 20,300 at 110p a throw.
He now owns 65,100 shares in the firm that back in November said blamed hefty one-off charges for an £8m interim loss against a £2.6m profit the year before.
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Exceptional items totalled £9.2m for impairment of Associate, impairment of goodwill, costs of termination of chief executive and the reversal of unutilised provisions set-up on the disposal of the IT Solutions business.
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