Kim Kang Loh Bought 7.5% More Shares In Centurion

Those following along with Centurion Corporation Limited (SGX:OU8) will no doubt be intrigued by the recent purchase of shares by Kim Kang Loh, Executive Joint Chairman of the Board of the company, who spent a stonking S$4.7m on stock at an average price of S$0.94. While that only increased their holding size by 7.5%, it is still a big swing by our standards.

Check out our latest analysis for Centurion

Centurion Insider Transactions Over The Last Year

Notably, that recent purchase by Executive Joint Chairman of the Board Kim Kang Loh was not the only time they bought Centurion shares this year. They previously made an even bigger purchase of S$11m worth of shares at a price of S$0.54 per share. We do like to see buying, but this purchase was made at well below the current price of S$0.98. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Centurion insiders were buying shares, but not selling. 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!

Centurion is not the only stock insiders are buying. So take a peek at this free list of under-the-radar 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. It's great to see that Centurion insiders own 23% of the company, worth about S$187m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Centurion Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Centurion. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centurion. At Simply Wall St, we've found that Centurion has 4 warning signs (2 don't sit too well with us!) that deserve your attention before going any further with your analysis.

Of course Centurion 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 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.