Investors who take an interest in Water Oasis Group Limited (HKG:1161) should definitely note that the Co-Founder & Executive Director, Lai Chu Yu, recently paid HK$0.78 per share to buy HK$881k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.7%.
Water Oasis Group Insider Transactions Over The Last Year
In fact, the recent purchase by Co-Founder & Executive Director Lai Chu Yu was not their only acquisition of Water Oasis Group shares this year. Earlier in the year, they paid HK$0.85 per share in a HK$5.1m purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$0.78). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 8.59m shares for HK$7.4m. But insiders sold 6.47m shares worth HK$5.5m. Overall, Water Oasis Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does Water Oasis Group Boast High Insider Ownership?
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. Water Oasis Group insiders own 46% of the company, currently worth about HK$243m based on the recent share price. 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 Water Oasis Group Insiders?
It is good to see recent purchasing. 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 Water Oasis Group. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Water Oasis Group. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Water Oasis Group.
Of course Water Oasis Group 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.
