According to Fintech Zoom, even tho it’s not considered as a huge purchase, we still think that it was a very good to see that Man Hin Wong, the Deputy Executive Chairman and GM of Raymond Industrial Limited (HKG:229) not long ago shelled out HK$110k to buy stock at Hk$1.10 per share. It only increased their GM shareholding by a miniature percentage but it surely is a solid purchase.
During the Recent 12 Months Of the Insider Transactions At Raymond Industrial Ltd
GM Insider Ownership
Lots and lots of investors love to check how much of a company is owned by insiders. Normally, as the insider ownership increases in numbers, the more likely it is that insiders will have more incentives and will be good in terms of long term investment.
Raymond Industrial Ltd stands firm despite owning 46% in terms of insider ownership or HK$249m. Having this level of insider ownership increases the chances that management are definitely thinking about the best interests of shareholders and it’s company itself.
What Does The Insider Transaction At Raymond Industrial Ltd Imply?
It’s certain that the recent purchase of Raymond Industrial Ltd is strong in terms of confidence and very positive. Together with notable insider ownership, the said factors suggest Raymond Industrial insiders are well focused, and a possibility of an upswing to occur. These GM insider transactions help us build a thesis about the stock, but it’s also good to know the risks that the company is facing. Raymond Industrial has 1 warning sign we think you should be aware of.
Upon purchasing one company with potentially superior financials, we must not miss this free list of potential companies that have HIGH return on equity with low debt.
The primary purpose of this article is that insiders are considered individuals that report their transactions to the relevant regulatory body. We do not do derivative transactions but only for current accounts for open market transactions and private dispositions.
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