Those following along with Get Nice Holdings Limited (HKG:64) will no doubt be intrigued by the recent purchase of shares by Hon Man Hung, Executive Chairman of the company, who spent a stonking HK$11m on stock at an average price of HK$0.14. While that only increased their holding size by 1.2%, it is still a big swing by our standards.
See our latest analysis for Get Nice Holdings
The Last 12 Months Of Insider Transactions At Get Nice Holdings
Notably, that recent purchase by Hon Man Hung is the biggest insider purchase of Get Nice Holdings shares that we've seen in the last year. That implies that an insider found the current price of HK$0.15 per share to be enticing. 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. 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. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Hon Man Hung.
Hon Man Hung bought a total of 230.55m shares over the year at an average price of HK$0.15. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Get Nice 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. We usually like to see fairly high levels of insider ownership. Get Nice Holdings insiders own 65% of the company, currently worth about HK$926m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Get Nice Holdings Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Get Nice Holdings. Nice! While we like knowing 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. To that end, you should learn about the 2 warning signs we've spotted with Get Nice Holdings (including 1 which is a bit concerning).
But note: Get Nice Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.