Trade Alert: The Vice Chairman of Board Of CMGE Technology Group Limited (HKG:302), Hendrick Sin, Has Just Spent CN¥2.6m Buying A Few More Shares

Potential CMGE Technology Group Limited (HKG:302) shareholders may wish to note that the Vice Chairman of Board, Hendrick Sin, recently bought HK$2.6m worth of stock, paying HK$2.76 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for CMGE Technology Group

CMGE Technology Group Insider Transactions Over The Last Year

In fact, the recent purchase by Hendrick Sin was the biggest purchase of CMGE Technology 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 HK$2.89 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the CMGE Technology Group insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Hendrick Sin.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

CMGE Technology Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. CMGE Technology Group insiders own about HK$718m worth of shares. That equates to 10% 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.

What Might The Insider Transactions At CMGE Technology Group Tell Us?

It's certainly positive 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 CMGE Technology 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. Case in point: We've spotted 4 warning signs for CMGE Technology Group you should be aware of.

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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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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