Potential Thomson Medical Group Limited (SGX:A50) shareholders may wish to note that insider Eng Lim recently bought S$245k worth of stock, paying S$0.045 for each share. While that’s a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 0.02%.
Check out our latest analysis for Thomson Medical Group
Thomson Medical Group Insider Transactions Over The Last Year
In fact, the recent purchase by Eng Lim was the biggest purchase of Thomson Medical Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of S$0.046 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. In this case we’re pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Eng Lim.
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!
Thomson Medical Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. It’s great to see that Thomson Medical Group insiders own 89% of the company, worth about S$1.1b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Thomson Medical Group Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Thomson Medical Group. Nice! So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Thomson Medical Group (2 are potentially serious!) that we believe deserve your full attention.
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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