Trade Alert: The CEO & Executive Director Of Yeebo (International Holdings) Limited (HKG:259), Kwok Wai Li, Has Just Spent HK$196k Buying Shares

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Whilst it may not be a huge deal, we thought it was good to see that the Yeebo (International Holdings) Limited (HKG:259) CEO & Executive Director, Kwok Wai Li, recently bought HK$196k worth of stock, for HK$1.09 per share. That might not be a big purchase but it only increased their holding by 0.1%, and could be interpreted as a good sign.

Check out our latest analysis for Yeebo (International Holdings)

The Last 12 Months Of Insider Transactions At Yeebo (International Holdings)

In fact, the recent purchase by CEO & Executive Director Kwok Wai Li was not their only acquisition of Yeebo (International Holdings) shares this year. They previously made an even bigger purchase of HK$53m worth of shares at a price of HK$1.10 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$1.09). 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. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Kwok Wai Li was the only individual insider to buy over the year.

Kwok Wai Li bought a total of 55.36m shares over the year at an average price of HK$1.11. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

SEHK:259 Recent Insider Trading, February 8th 2020
SEHK:259 Recent Insider Trading, February 8th 2020

Yeebo (International Holdings) is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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. It appears that Yeebo (International Holdings) insiders own 17% of the company, worth about HK$181m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Yeebo (International Holdings) Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Yeebo (International Holdings). 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.