Yahoo Finance Chairman of LHT Holdings Mui Kee Yap Buys More Stock
Even if it's not a huge purchase, we think it was good to see that Mui Kee Yap, the Chairman of LHT Holdings Limited (SGX:BEI) recently shelled out S$78k to buy stock, at S$1.16 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
See our latest analysis for LHT Holdings
LHT Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman Mui Kee Yap was not the only time they bought LHT Holdings shares this year. Earlier in the year, they paid S$0.82 per share in a S$82k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of S$1.22. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Mui Kee Yap bought 515.60k shares over the last 12 months at an average price of S$0.97. 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. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does LHT Holdings 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. LHT Holdings insiders own about S$36m worth of shares (which is 56% 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 Do The LHT Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. 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 LHT Holdings. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LHT Holdings. At Simply Wall St, we found 2 warning signs for LHT Holdings that deserve your attention before buying any shares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.
