- Oops!Something went wrong.Please try again later.
Investors who take an interest in Tribune Resources Limited (ASX:TBR) should definitely note that the CEO, MD & Executive Director, Anthony Billis, recently paid AU$5.53 per share to buy AU$332k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
The Last 12 Months Of Insider Transactions At Tribune Resources
Notably, that recent purchase by Anthony Billis is the biggest insider purchase of Tribune Resources 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 AU$5.99. 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 Tribune Resources insider decided to buy shares at close to current prices. Anthony Billis was the only individual insider to buy shares in the last twelve months.
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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Tribune Resources
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 34% of Tribune Resources shares, worth about AU$104m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Tribune Resources Insiders?
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 Tribune Resources. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tribune Resources. Every company has risks, and we've spotted 3 warning signs for Tribune Resources (of which 1 shouldn't be ignored!) you should know about.
But note: Tribune Resources 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, but not derivative transactions.
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. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.