Whilst it may not be a huge deal, we thought it was good to see that the EFT Solutions Holdings Limited (HKG:8062) Chairman & CEO, Chun Kit Lo, recently bought HK$222k worth of stock, for HK$0.15 per share. However, we do note that it only increased their holding by 0.4%, and it wasn't a huge purchase by absolute value, either.
EFT Solutions Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Chun Kit Lo was the biggest purchase of EFT Solutions Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$0.14). 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. To us, it's very important to consider the price insiders pay for shares is very important. 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. Chun Kit Lo was the only individual insider to buy shares in the last twelve months.
Chun Kit Lo bought a total of 2.67m shares over the year at an average price of HK$0.15. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
EFT Solutions 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.
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. It's great to see that EFT Solutions Holdings insiders own 72% of the company, worth about HK$49m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At EFT Solutions Holdings Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about EFT Solutions 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.
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