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Even if it's not a huge purchase, we think it was good to see that John Wilson, the CEO & Executive Director of AFC Energy plc (LON:AFC) recently shelled out UK£48k to buy stock, at UK£0.091 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for AFC Energy
The Last 12 Months Of Insider Transactions At AFC Energy
In fact, the recent purchase by John Wilson was the biggest purchase of AFC Energy shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of UK£0.10. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
AFC Energy insiders may have bought shares in the last year, but they didn't sell any. 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!
AFC Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does AFC Energy Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our information indicates that AFC Energy insiders own about UK£227k worth of shares. This level of insider ownership is notably low, and not very encouraging.
What Might The Insider Transactions At AFC Energy Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that AFC Energy insiders are reasonably well aligned, 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. To help with this, we've discovered 3 warning signs (1 is a bit unpleasant!) that you ought to be aware of before buying any shares in AFC Energy.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.