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Even if it's not a huge purchase, we think it was good to see that Christopher Egleton, the Executive Chairman of Minoan Group Plc (LON:MIN) recently shelled out UK£50k to buy stock, at UK£0.01 per share. While that isn't the hugest buy, it actually boosted their shareholding by 75%, which is good to see.
Check out our latest analysis for Minoan Group
Minoan Group Insider Transactions Over The Last Year
Notably, that recent purchase by Christopher Egleton is the biggest insider purchase of Minoan Group shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of UK£0.011. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months Minoan Group insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 19% of Minoan Group shares, worth about UK£1.4m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Minoan Group Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Minoan Group shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 4 warning signs for Minoan Group (3 are concerning) you should be aware of.
Of course Minoan Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.