Yahoo Finance Toubani Resources Independent Non-Executive Director Acquires 82% More Stock
Even if it's not a huge purchase, we think it was good to see that Timothy Kestell, the Independent Non-Executive Director of Toubani Resources Limited (ASX:TRE) recently shelled out AU$150k to buy stock, at AU$0.11 per share. Even though that isn't a massive buy, it did increase their holding by 82%, which is arguably a good sign.
See our latest analysis for Toubani Resources
The Last 12 Months Of Insider Transactions At Toubani Resources
The Non-Executive Chairman Scott Perry made the biggest insider purchase in the last 12 months. That single transaction was for AU$250k worth of shares at a price of AU$0.12 each. We do like to see buying, but this purchase was made at well below the current price of AU$0.17. 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.
Toubani Resources insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Toubani Resources
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. We usually like to see fairly high levels of insider ownership. From our data, it seems that Toubani Resources insiders own 15% of the company, worth about AU$4.4m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Toubani Resources Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Toubani Resources insiders are expecting a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Toubani Resources has 4 warning signs (3 shouldn't be ignored!) that deserve your attention before going any further with your analysis.
Of course Toubani Resources 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.
