Viewing insider transactions for Credit Bureau Asia Limited's (SGX:TCU ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Credit Bureau Asia
Credit Bureau Asia Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Founder Chiang Koo for S$1.5m worth of shares, at about S$1.04 per share. That means that an insider was happy to buy shares at above the current price of S$0.96. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Chiang Koo was the only individual insider to buy during the last year.
Chiang Koo purchased 2.17m shares over the year. The average price per share was S$1.09. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Credit Bureau Asia is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Credit Bureau Asia
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Credit Bureau Asia insiders own 71% of the company, currently worth about S$158m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Credit Bureau Asia Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Credit Bureau Asia shares in the last quarter. However, our analysis of transactions over the last year is heartening. It would be great to see more insider buying, but overall it seems like Credit Bureau Asia insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Credit Bureau Asia that deserve your attention before buying any shares.