Co-Founder Hon Man Hung Just Bought A Handful Of Shares In Get Nice Holdings Limited (HKG:64)

Those following along with Get Nice Holdings Limited (HKG:64) will no doubt be intrigued by the recent purchase of shares by Hon Man Hung, Co-Founder of the company, who spent a stonking HK$3.9m on stock at an average price of HK$0.17. While that only increased their holding size by 0.4%, it is still a big swing by our standards.

Check out our latest analysis for Get Nice Holdings

The Last 12 Months Of Insider Transactions At Get Nice Holdings

In fact, the recent purchase by Hon Man Hung was the biggest purchase of Get Nice Holdings shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than HK$0.17 (the recent price), an insider wanted to purchase shares. 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. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Hon Man Hung was the only individual insider to buy shares in the last twelve months.

Hon Man Hung bought a total of 36.30m shares over the year at an average price of HK$0.17. 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 growing companies that insiders are buying.

Does Get Nice Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Get Nice Holdings insiders own about HK$938m worth of shares (which is 57% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Get Nice Holdings Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Get Nice Holdings. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Get Nice Holdings. Every company has risks, and we've spotted 4 warning signs for Get Nice Holdings (of which 1 shouldn't be ignored!) you should know about.

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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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