Potential S-Enjoy Service Group Co., Limited (HKG:1755) shareholders may wish to note that the Chairman, Xiaoming Qi, recently bought CN¥2.1m worth of stock, paying CN¥8.50 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 24%.
S-Enjoy Service Group Insider Transactions Over The Last Year
In fact, the recent purchase by Chairman Xiaoming Qi was not their only acquisition of S-Enjoy Service Group shares this year. They previously made an even bigger purchase of HK$5.9m worth of shares at a price of HK$5.92 per share. Even though the purchase was made at a significantly lower price than the recent price (HK$9.59), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months S-Enjoy Service Group insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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 S-Enjoy Service Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. S-Enjoy Service Group insiders own about HK$5.5b worth of shares (which is 73% 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 S-Enjoy Service Group Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest S-Enjoy Service Group insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for S-Enjoy Service Group.
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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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Thank you for reading.