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It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in World-Link Logistics (Asia) Holding Limited (HKG:6083).
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
View our latest analysis for World-Link Logistics (Asia) Holding
World-Link Logistics (Asia) Holding Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Compliance Officer and Executive Director Yau Luk bought HK$8.0m worth of shares at a price of HK$0.80 per share. So it’s clear an insider wanted to buy, even at a higher price. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. We generally consider it a positive if insiders have been buying on market, even above the current price.
Over the last year, we can see that insiders have bought 33.14m shares worth HK$32m. On the other hand they divested 10.06m shares, for HK$8.0m. In total, World-Link Logistics (Asia) Holding insiders bought more than they sold over the last year. They paid about HK$0.96 on average. This is nice to see since it implies that insiders might see value around current prices (around HK$0.79). You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
World-Link Logistics (Asia) Holding is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at World-Link Logistics (Asia) Holding Have Bought Stock Recently
At World-Link Logistics (Asia) Holding,over the last quarter, we have observed quite a lot more insider buying than insider selling. In total, 6 insiders bought HK$11m worth of shares in that time. But Kwong Fat Yeung sold shares worth HK$8.0m. The buying outweighs the selling, which suggests that insiders may believe the company will do well in the future.