(MENAFN- ProactiveInvestors - UK)
he chief executive of Challenger Acquisitions Limited (LON:CHAL) spent a good deal of time buying shares in the company last week.
In four transactions between April 27 and April 29 Mark Gustafson bought 100000 shares for 28650 at a price per share of between 28p and 29.5p.
Following this Gustafson now holds 600000 shares or 4% of the total issued share capital.
Challenger is the only listed company focused on the design engineering and project management of giant observation wheels (GOWs) such as the London Eye.
Revenues are set to grow over time
Revenues are set to grow over time as more GOW projects come online although as might be appreciated these projects have a fairly long time frame and Challenger only starts to realise positive cash flow related to the project once the contract is signed.
In 2015 the group made a loss for the year of 2.6mln but a large chunk of this a little more than a quarter - was due to the costs of listing on AIM and the acquisition in July of GOW specialist Starneth.
Read more about the company here....
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