Yahoo Finance Vui Khiun Lee Just Bought 48% More Shares In Story-I Limited (ASX:SRY)
Even if it's not a huge purchase, we think it was good to see that Vui Khiun Lee, a Story-I Limited (ASX:SRY) insider, recently shelled out AU$113k to buy stock, at AU$0.012 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 48%.
View our latest analysis for Story-I
The Last 12 Months Of Insider Transactions At Story-I
In fact, the recent purchase by Vui Khiun Lee was the biggest purchase of Story-I shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.012 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Story-I insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Vui Khiun Lee.
You can see the insider transactions (by 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).
Does Story-I Boast High Insider Ownership?
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Story-I insiders own 47% of the company, currently worth about AU$2.1m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Story-I Tell Us?
The recent insider purchase is heartening. 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 Story-I. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Story-I (2 make us uncomfortable!) that we believe deserve your full attention.
Of course Story-I 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
