Executive Chairman of Travelite Holdings Picks Up 4.4% More Stock

Potential Travelite Holdings Ltd. (SGX:BCZ) shareholders may wish to note that the Executive Chairman, Teck Jong Thang, recently bought S$145k worth of stock, paying S$0.15 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.4%.

View our latest analysis for Travelite Holdings

The Last 12 Months Of Insider Transactions At Travelite Holdings

In fact, the recent purchase by Teck Jong Thang was the biggest purchase of Travelite Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being S$0.15). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Teck Jong Thang.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Travelite Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Travelite Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Travelite Holdings insiders own 73% of the company, currently worth about S$10m based on the recent share price. 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 Travelite Holdings Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Travelite Holdings. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Travelite Holdings. Be aware that Travelite Holdings is showing 3 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

But note: Travelite Holdings 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 of direct interests only, but not derivative transactions or indirect interests.

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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.