Directors Buy - Runge LTd (RUL)

Post Note: Ian Runge bought some more shares, 25000 on market on November 5 for $17500.  

Runge director Ian Charles Runge indirectly bought 93,000 shares for $68,064 on-market on October 31. He indirectly holds 15,903,389 shares. 

Ian was one of three or four Runge Directors who bought more into the company recently. Since October 2008, there are five notices of change in the directors ownership. 

Among them were Anthony Kinnane who directly and indirectly bought 25000 shares for $18000 on market on 24 October 2008, Christian Larsen (bought 100000 shares worth $93500 on September 1, and Vince Gauci

Good sign and a vote of confidence.

RUL's vision is to be the leading global supplier of mine technical and business planning products and services. The company continues to strengthen its position globally, with demand for projects in new regions of the world. Demand from regions such as Russia, Brazil and China provide a solid foundation for the growth of its business globally. In terms of products and services, the company has been working on increasing the scope and size of the training business to handle a higher volume of recruits, and secondly, to reduce the complexity of its software products.

Runge reported NPAT up 6.2% to $5.94m for the year ended 30 June 2008. Revenues from ordinary activities were $63.41m, up 62.8% from last year. Basic EPS was 5.3 cents compared to 3.3 cents last year. Net operating cash flow was $5.9m compared to $6.35m last year. The final dividend declared was 1.5 cents.