Francis Hanjoe Tjia Buys Handful Of Shares In Trans-China Automotive Holdings
Whilst it may not be a huge deal, we thought it was good to see that the Trans-China Automotive Holdings Limited (Catalist:VI2) Executive Chairman & CEO, Francis Hanjoe Tjia, recently bought S$120k worth of stock, for S$0.086 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
View our latest analysis for Trans-China Automotive Holdings
The Last 12 Months Of Insider Transactions At Trans-China Automotive Holdings
Notably, that recent purchase by Executive Chairman & CEO Francis Hanjoe Tjia was not the only time they bought Trans-China Automotive Holdings shares this year. Earlier in the year, they paid S$0.15 per share in a S$2.7m purchase. That means that an insider was happy to buy shares at above the current price of S$0.086. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays 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. The only individual insider to buy over the last year was Francis Hanjoe Tjia.
Francis Hanjoe Tjia bought a total of 30.89m shares over the year at an average price of S$0.14. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Trans-China Automotive Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Trans-China Automotive Holdings
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Trans-China Automotive Holdings insiders own 47% of the company, worth about S$24m. 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 Trans-China Automotive Holdings Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives 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 Trans-China Automotive Holdings. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 4 warning signs for Trans-China Automotive Holdings (2 don't sit too well with us!) and we strongly recommend you look at them before investing.
Of course Trans-China Automotive Holdings 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.
