Trade Alert: The Chief Executive Officer of Centuria NZ Of Asset Plus Limited (NZSE:APL), Mark Francis, Has Sold Some Shares Recently

Anyone interested in Asset Plus Limited (NZSE:APL) should probably be aware that the Chief Executive Officer of Centuria NZ, Mark Francis, recently divested NZ$322k worth of shares in the company, at an average price of NZ$0.23 each. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Asset Plus

The Last 12 Months Of Insider Transactions At Asset Plus

In fact, the recent sale by Mark Francis was the biggest sale of Asset Plus shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even below the current price of NZ$0.24. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 100% of Mark Francis's stake.

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

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Asset Plus insiders own 1.7% of the company, worth about NZ$1.4m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Asset Plus Insiders?

An insider sold Asset Plus shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Asset Plus. In terms of investment risks, we've identified 5 warning signs with Asset Plus and understanding these should be part of your investment process.

Of course Asset Plus may not be the best stock to buy. So you may wish to see this free collection of high quality 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. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.