LC Tan is the co-founder of A-Sonic Aerospace Limited (SGX: BTJ) and has just acquired 3.2% additional shares


Those who follow with A-Sonic Aerospace Limited (SGX: BTJ) will no doubt be intrigued by the recent share purchase by LC Tan, co-founder of the company, who spent S $ 822,000 on shares at an average price of S $ 0.80. ‘increased their farm size by only 3.2%, which is still a big change from our standards.

See our latest review for A-Sonic Aerospace

A-Sonic Aerospace Insider Transactions in the Past Year

In fact, the recent purchase by LC Tan was the largest purchase of A-Sonic Aerospace shares by an insider in the past twelve months, according to our records. This means that an insider was happy to buy shares above the current price of S $ 0.57. Their perspective may have changed since then, but it at least shows that they were feeling bullish about it. ‘era. In our opinion, the price that an insider pays for the shares is very important. Typically, we are more bullish on a stock if insiders bought stocks at prices higher than current prices, as this suggests that they viewed the stock as good value, even at a low price. higher.

In the past twelve months, insiders have bought 2.00 million shares for S $ 1.3 million. On the other hand, they sold 360.07,000 shares for S $ 288,000. Overall, A-Sonic Aerospace insiders have been net buyers over the past year. Their average price was around S $ 0.66. It’s nice to see as it implies that insiders might see value around current prices. The chart below shows insider trading (by companies and individuals) over the past year. If you want to know exactly who sold, for how much and when, just click on the graph below!

SGX: BTJ Insider Trading Volume August 27, 2021

There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).

Insider ownership

I like to watch how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. It’s great to see that A-Sonic Aerospace insiders own 61% of the company, worth around S $ 21 million. This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.

What might insider trading at A-Sonic Aerospace tell us?

It’s good to see the recent insider buy. We also trust the longer term image of insider trading. When combined with notable insider ownership, these factors suggest that A-Sonic Aerospace insiders are well aligned and most likely think the share price is too low. This is what I love to see! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. You would be interested to know that we have found 3 warning signs for A-Sonic Aerospace and we suggest you take a look.

But beware : A-Sonic Aerospace may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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