Insider Buying: The Golden Wheel Tiandi Holdings Company Limited (HKG:1232) Standing VP & Executive Director Just Bought 1.2% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Golden Wheel Tiandi Holdings Company Limited (HKG:1232) Standing VP & Executive Director, Kam Keung Wong, recently bought HK$78k worth of stock, for HK$0.56 per share. However, it only increased their shares held by 1.2%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Golden Wheel Tiandi Holdings

Golden Wheel Tiandi Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Vice Chairman & CEO Kam Fai Wong bought HK$1.0m worth of shares at a price of HK$0.55 per share. That means that an insider was happy to buy shares at around the current price of HK$0.56. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Golden Wheel Tiandi Holdings share holders is that insiders were buying at near the current price.

In the last twelve months Golden Wheel Tiandi Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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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. Golden Wheel Tiandi Holdings insiders own about HK$179m worth of shares. That equates to 18% 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.

So What Does This Data Suggest About Golden Wheel Tiandi Holdings Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Golden Wheel Tiandi Holdings. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Golden Wheel Tiandi Holdings. Be aware that Golden Wheel Tiandi Holdings is showing 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

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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