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Investors who take an interest in Frencken Group Limited (SGX:E28) should definitely note that the Non-Executive & Non-Independent Chairman, Soon Gooi, recently paid S$0.98 per share to buy S$197k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
The Last 12 Months Of Insider Transactions At Frencken Group
Notably, that recent purchase by Soon Gooi is the biggest insider purchase of Frencken Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of S$0.90. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months Frencken 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!
View our latest analysis for Frencken Group
Frencken Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
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. Frencken Group insiders own about S$35m worth of shares. That equates to 9.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Frencken Group Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in Frencken Group shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Frencken Group, you should check out this free report on analyst forecasts for the company .