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King Anne Lee Just Bought Shares In USP Group Limited (SGX:BRS)

Simply Wall St
·3 min read

Potential USP Group Limited (SGX:BRS) shareholders may wish to note that insider King Anne Lee recently bought S$396k worth of stock, paying S$0.22 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 25%.

See our latest analysis for USP Group

The Last 12 Months Of Insider Transactions At USP Group

Over the last year, we can see that the biggest insider purchase was by Executive Director & CEO Sau Ian Tanoto for S$3.1m worth of shares, at about S$0.24 per share. That means that an insider was happy to buy shares at above the current price of S$0.078. 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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Over the last year, we can see that insiders have bought 19.60m shares worth S$3.9m. But insiders sold 9900000 shares worth S$1.4m. In total, USP Group insiders bought more than they sold over the last year. They paid about S$0.20 on average. I'd consider this a positive as it suggests insiders see value at around the current price. 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!

SGX:BRS Recent Insider Trading, March 23rd 2020
SGX:BRS Recent Insider Trading, March 23rd 2020

USP Group 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 USP Group

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. USP Group insiders own about S$5.8m worth of shares (which is 83% 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 Does This Data Suggest About USP Group Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about USP Group. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing USP Group. For instance, we've identified 4 warning signs for USP Group (3 don't sit too well with us) you should be aware of.

But note: USP Group 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.

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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.