Potential Second Chance Properties Ltd (SGX:528) shareholders may wish to note that the Founder, Mohamed Salleh Marican, recently bought S$360k worth of stock, paying S$0.22 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Second Chance Properties

Second Chance Properties Insider Transactions Over The Last Year

In fact, the recent purchase by Mohamed Salleh Marican was the biggest purchase of Second Chance Properties shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of S$0.22. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Second Chance Properties share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Mohamed Salleh Marican.

Mohamed Salleh Marican bought 5.21m shares over the last 12 months at an average price of S$0.26. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Second Chance Properties is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Second Chance Properties 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. Second Chance Properties insiders own about S$170m worth of shares (which is 83% 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.

So What Does This Data Suggest About Second Chance Properties Insiders?

Insider sales and purchases have netted out over the last three months, so it's hard to draw any conclusion from recent trading. However, our analysis of transactions over the last year is heartening. It would be great to see more insider buying, but overall it seems like Second Chance Properties insiders are reasonably well aligned (owning significant chunk of the company's shares) 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. Case in point: We've spotted 5 warning signs for Second Chance Properties you should be aware of, and 2 of these don't sit too well with us.

Of course Second Chance Properties may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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