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Trade Alert: The Founder Of Perfect Shape Medical Limited (HKG:1830), Kong Au-Yeung, Has Just Spent HK$11m Buying A Few More Shares
Those following along with Perfect Shape Medical Limited (HKG:1830) will no doubt be intrigued by the recent purchase of shares by Kong Au-Yeung, Founder of the company, who spent a stonking HK$11m on stock at an average price of HK$4.62. While that only increased their holding size by 0.5%, it is still a big swing by our standards.
Check out our latest analysis for Perfect Shape Medical
Perfect Shape Medical Insider Transactions Over The Last Year
Notably, that recent purchase by Founder Kong Au-Yeung was not the only time they bought Perfect Shape Medical shares this year. Earlier in the year, they paid HK$2.49 per share in a HK$144m purchase. Even though the purchase was made at a significantly lower price than the recent price (HK$4.93), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 125.83m shares for HK$330m. But insiders sold 20.70m shares worth HK$60m. In total, Perfect Shape Medical insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Perfect Shape Medical
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Perfect Shape Medical insiders own 71% of the company, worth about HK$4.6b. 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 Perfect Shape Medical Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Perfect Shape Medical insiders are well aligned, and quite possibly think the share price is too low. Looks promising! 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. For example - Perfect Shape Medical has 3 warning signs we think you should be aware of.
But note: Perfect Shape Medical 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.
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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. 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.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
About SEHK:1830
Perfect Medical Health Management
An investment holding company, engages in the provision of medical, aesthetic medical, and beauty and well services in Hong Kong, the People’s Republic of China, Macau, Australia, and Singapore.
Flawless balance sheet and good value.
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