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Viewing insider transactions for Noel Gifts International Ltd's (SGX:543 ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Noel Gifts International
The Last 12 Months Of Insider Transactions At Noel Gifts International
The Co-Founder Siu Hong Wong made the biggest insider purchase in the last 12 months. That single transaction was for S$90k worth of shares at a price of S$0.35 each. That means that an insider was happy to buy shares at above the current price of S$0.21. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Siu Hong Wong was the only individual insider to buy during the last year.
Siu Hong Wong bought a total of 734.10k shares over the year at an average price of S$0.35. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Noel Gifts International Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Noel Gifts International insiders own about S$15m worth of shares (which is 70% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Noel Gifts International Tell Us?
The fact that there have been no Noel Gifts International insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Noel Gifts International insiders feel good about the company's future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Noel Gifts International has 4 warning signs (and 2 which can't be ignored) we think you should know about.