Trade Alert: The Co-Founder Of A-Sonic Aerospace Limited (SGX:BTJ), L. C. Tan, Has Just Spent US$86k Buying A Few More Shares

Whilst it may not be a huge deal, we thought it was good to see that the A-Sonic Aerospace Limited (SGX:BTJ) Co-Founder, L. C. Tan, recently bought S$86k worth of stock, for S$0.48 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for A-Sonic Aerospace

A-Sonic Aerospace Insider Transactions Over The Last Year

Notably, that recent purchase by L. C. Tan is the biggest insider purchase of A-Sonic Aerospace shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of S$0.60. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months A-Sonic Aerospace 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does A-Sonic Aerospace Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. A-Sonic Aerospace insiders own about S$19m worth of shares (which is 60% of the company). 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 A-Sonic Aerospace Insider Transactions Indicate?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about A-Sonic Aerospace. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for A-Sonic Aerospace and we suggest you have a look.

But note: A-Sonic Aerospace 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, 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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