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Potential Shenguan Holdings (Group) Limited (HKG:829) shareholders may wish to note that the Chairman of the Board & President, Yaxian Zhou, recently bought HK$1.4m worth of stock, paying HK$0.30 for each share. Although the purchase only increased their holding by 1.5%, it is still a solid purchase in our view.
See our latest analysis for Shenguan Holdings (Group)
The Last 12 Months Of Insider Transactions At Shenguan Holdings (Group)
Notably, that recent purchase by Yaxian Zhou is the biggest insider purchase of Shenguan Holdings (Group) shares that we've seen in the last year. That implies that an insider found the current price of HK$0.31 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Yaxian Zhou was the only individual insider to buy shares in the last twelve months.
Yaxian Zhou bought 11.00m shares over the last 12 months at an average price of HK$0.30. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Shenguan Holdings (Group) is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Shenguan Holdings (Group) Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Shenguan Holdings (Group) insiders own 12% of the company, worth about HK$119m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Shenguan Holdings (Group) Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Shenguan Holdings (Group). That's what I like to see! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.