Photo-Me International plc (LON:PHTM) shareholders (or potential shareholders) will be happy to see that the Group CEO & Deputy Chairman, Serge Crasnianski, recently bought a whopping UK£1.9m worth of stock, at a price of UK£0.53. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 3.8%.
Photo-Me International Insider Transactions Over The Last Year
Notably, that recent purchase by Serge Crasnianski is the biggest insider purchase of Photo-Me International shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of UK£0.54. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Photo-Me International share holders is that insiders were buying at near the current price.
In the last twelve months Photo-Me International 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 25% of Photo-Me International shares, worth about UK£50m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Photo-Me International Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Photo-Me International shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Photo-Me International. When we did our research, we found 3 warning signs for Photo-Me International (1 shouldn't be ignored!) that we believe deserve your full attention.
Of course Photo-Me International 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.
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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