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The Non-Executive Chairman of Singapore Press Holdings Limited (SGX:T39), Boon Yang Lee, Just Bought 120% More Shares

Simply Wall St

Even if it's not a huge purchase, we think it was good to see that Boon Yang Lee, the Non-Executive Chairman of Singapore Press Holdings Limited (SGX:T39) recently shelled out S$51k to buy stock, at S$2.14 per share. Even though that isn't a massive buy, it did increase their holding by 120%, which is a arguably a good sign.

See our latest analysis for Singapore Press Holdings

The Last 12 Months Of Insider Transactions At Singapore Press Holdings

Notably, that recent purchase by Boon Yang Lee is the biggest insider purchase of Singapore Press Holdings shares that we've seen in the last year. That implies that an insider found the current price of S$2.21 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Singapore Press Holdings share holders is that insiders were buying at near the current price.

In the last twelve months Singapore Press Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

SGX:T39 Recent Insider Trading, October 23rd 2019

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.

Does Singapore Press Holdings Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Singapore Press Holdings insiders own about S$68m worth of shares. That equates to 1.9% of the company. 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 Singapore Press Holdings Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Singapore Press Holdings shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Singapore Press Holdings.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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.

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. Thank you for reading.