Athelney Trust chairman offloads entire stake

15th May 2015 13:37

The chairman of Athelney Trust has sold his entire holding in the small cap-focused investment trust, the company said on Friday.Hugo Deschampsneufs offloaded his 78,038 shares in Athelney at a price of 201p each, raising £156,856.His move follows a 21% drop in Athelney's share price over the last year.Athelney's full-year results in March showed a 4% rise in the audited net asset value to 228p per share.Speaking at the time of results, Deschampsneufs said 2015 was likely to be a "tricky year"."My opinion, for what it is worth, is that smaller companies are better value than blue chips and that, with a decent tail wind, a modest uplift in asset prices of equities and commercial property is the most likely outcome," he said.Top Director BuysDillistone Group (DSG) Director name: Mr Mike LoveAmount purchased: 100,000 @ 106.50p Value: £106,500Anglo Pacific Group (APF) Director name: Mr Patrick MeierAmount purchased: 75,000 @ 99.00p Value: £74,250Mitchells & Butlers (MAB) Director name: Mr Stewart GillilandAmount purchased: 11,000 @ 449.99p Value: £49,499Debenhams (DEB) Director name: Mr Terry DuddyAmount purchased: 40,000 @ 94.30p Value: £37,720Athelney Trust (ATY) Director name: Mr Robin G BoyleAmount purchased: 6,000 @ 201.00p Value: £12,060Top Director SellsAthelney Trust (ATY) Director name: Mr Hugo DeschampsneufsAmount sold: 78,038 @ 201.00p Value: £156,856