Founder & Executive Chairman Buck Poh Cheng Just Bought Shares In Hai Leck Holdings Limited (SGX:BLH)
Whilst it may not be a huge deal, we thought it was good to see that the Hai Leck Holdings Limited (SGX:BLH) Founder & Executive Chairman, Buck Poh Cheng, recently bought S$52k worth of stock, for S$0.52 per share. That might not be a big purchase but it only increased their holding by 0.1%, and could be interpreted as a good sign.
See our latest analysis for Hai Leck Holdings
The Last 12 Months Of Insider Transactions At Hai Leck Holdings
Notably, that recent purchase by Founder & Executive Chairman Buck Poh Cheng was not the only time they bought Hai Leck Holdings shares this year. They previously made an even bigger purchase of S$120k worth of shares at a price of S$0.51 per share. That means that an insider was happy to buy shares at around the current price of S$0.53. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Hai Leck Holdings insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Buck Poh Cheng.
Buck Poh Cheng bought 1034100 shares over the last 12 months at an average price of S$0.51. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Hai Leck 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 of Hai Leck Holdings
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Hai Leck Holdings insiders own 49% of the company, currently worth about S$53m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Hai Leck Holdings Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hai Leck Holdings. Nice! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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