Yahoo Finance GSS Energy Group CEO & Executive Director Acquires 4.0% More Stock
Even if it's not a huge purchase, we think it was good to see that Kin Bond Yeung, the Group CEO & Executive Director of GSS Energy Limited (Catalist:41F) recently shelled out S$108k to buy stock, at S$0.03 per share. Although the purchase is not a big one, increasing their shareholding by only 4.0%, it can be interpreted as a good sign.
See our latest analysis for GSS Energy
The Last 12 Months Of Insider Transactions At GSS Energy
Notably, that recent purchase by Kin Bond Yeung is the biggest insider purchase of GSS Energy shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being S$0.029). 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 always take careful note of the price insiders pay when purchasing shares. 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. Kin Bond Yeung was the only individual insider to buy during the last year.
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!
GSS Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of GSS Energy
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that GSS Energy insiders own 31% of the company, worth about S$5.7m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The GSS Energy Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in GSS Energy shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing GSS Energy. Be aware that GSS Energy is showing 3 warning signs in our investment analysis, and 1 of those is a bit concerning...
Of course GSS Energy 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 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.
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