Insider Buying: The Global Palm Resources Holdings Limited (SGX:BLW) Executive Chairman & CEO Just Bought 1.3% More Shares

Investors who take an interest in Global Palm Resources Holdings Limited (SGX:BLW) should definitely note that the Executive Chairman & CEO, Hong Kiat Tan, recently paid S$0.11 per share to buy S$220k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.3%.

Check out our latest analysis for Global Palm Resources Holdings

The Last 12 Months Of Insider Transactions At Global Palm Resources Holdings

Notably, that recent purchase by Hong Kiat Tan is the biggest insider purchase of Global Palm Resources Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is S$0.11. 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 Global Palm Resources Holdings insider decided to buy shares at close to current prices. Hong Kiat Tan was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Global Palm Resources Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Global Palm Resources Holdings insiders own 63% of the company, currently worth about S$17m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Global Palm Resources Holdings Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Global Palm Resources Holdings. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for Global Palm Resources Holdings (of which 2 are a bit unpleasant!) you should know about.

Of course Global Palm Resources Holdings 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. 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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