Those following along with Envictus International Holdings Limited (SGX:BQD) will no doubt be intrigued by the recent purchase of shares by Seng Hui Goi, Non-Executive Vice-Chairman of the company, who spent a stonking S$4.1m on stock at an average price of S$0.16. That increased their holding by a full 70%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
Check out our latest analysis for Envictus International Holdings
The Last 12 Months Of Insider Transactions At Envictus International Holdings
Notably, that recent purchase by Seng Hui Goi is the biggest insider purchase of Envictus International Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of S$0.17. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Envictus International Holdings insider decided to buy shares at close to current prices. Seng Hui Goi was the only individual insider to buy shares in the last twelve months.
Over the last year we saw more insider selling of Envictus International Holdings shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership Of Envictus International Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Envictus International Holdings insiders own 75% of the company, worth about S$37m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Envictus International Holdings Insiders?
It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Envictus International Holdings insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Envictus International Holdings. To help with this, we've discovered 4 warning signs (2 are significant!) that you ought to be aware of before buying any shares in Envictus International Holdings.
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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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.