Founder of Credit Bureau Asia Chiang Koo Buys More Stock
Chiang Koo, the founder of Credit Bureau Asia Limited (SGX:TCU), recently purchased S$120k worth of shares at S$1.34 each, marking the largest insider purchase in the past year. This purchase, made close to the current share price of S$1.38, suggests optimism among insiders. Notably, insiders own about S$227m worth of shares, representing 72% of the company, indicating strong alignment with shareholder interests. Overall, the insider transactions and high ownership levels reflect a positive outlook for Credit Bureau Asia.
Explore Credit Bureau Asia's Fair Values from the Community and select yours
Whilst it may not be a huge deal, we thought it was good to see that the Credit Bureau Asia Limited (SGX:TCU) Founder, Chiang Koo, recently bought S$120k worth of stock, for S$1.34 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
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Credit Bureau Asia Insider Transactions Over The Last Year
Notably, that recent purchase by Chiang Koo is the biggest insider purchase of Credit Bureau Asia shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is S$1.38. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Credit Bureau Asia insiders bought shares during the last year, they didn't sell. They paid about S$1.11 on average. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!
View our latest analysis for Credit Bureau Asia
Credit Bureau Asia is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Credit Bureau Asia insiders own about S$227m worth of shares (which is 72% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Credit Bureau Asia Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Credit Bureau Asia. Looks promising! Along with insider transactions, I recommend checking if Credit Bureau Asia is growing revenue. This free chart of historic revenue and earnings should make that easy.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
