Executive Chairman & MD of Truscott Mining Picks Up 4.0% More Stock
We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
Truscott Mining Insider Transactions Over The Last Year
Notably, that recent purchase by Peter Smith is the biggest insider purchase of Truscott Mining 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 AU$0.052. 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. The good news for Truscott Mining share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Peter Smith.
Peter Smith bought a total of 7.44m shares over the year at an average price of AU$0.059. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Truscott Mining
Truscott Mining is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
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. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Truscott Mining insiders own 68% of the company, worth about AU$6.8m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Truscott Mining Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Truscott Mining. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Truscott Mining. Case in point: We've spotted 5 warning signs for Truscott Mining you should be aware of.
Of course Truscott Mining 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Upward spending trend unlikely to shift needle on rates
Australian spending habits will help the Reserve Bank fill in its picture of the nation's economy, with another rate cut expected at its next board meeting amid global tariff woes. All eyes will be on the monthly spending indicator for June as it becomes the main measure of retail trade when published by the Australian Bureau of Statistics on Tuesday. Household spending rose 0.9 per cent in May when consumers splashed out on clothes, shoes and new vehicles with borrowing easier since the RBA began cutting rates in February. This trend is expected to have continued in June, with Commonwealth Bank economists predicting a rise of one per cent. The data could seal the deal for the central bank's August interest rate decision following a rise in unemployment in June and a fall in inflation for the quarter, with the trimmed mean figure dropping from 2.9 per cent to 2.7 per cent. RBA deputy governor Andrew Hauser on Thursday hailed the "very welcome" data, as the central bank had been searching for more evidence of inflation returning to the midpoint of its two to three per cent target band. A host of new and increased US tariffs are expected to come into effect later in the week after nations scrambled to try lock down trade negotiations with President Donald Trump ahead of his August 1 deadline. Australia has been spared a higher tariff and though most of its goods will continue to face a 10 per cent levy, no US trading partner has a lower rate. This continuation is a "relief" according to AMP chief economist Shane Oliver, who noted Mr Trump has previously foreshadowed further tariffs on pharmaceuticals - one of Australia's biggest exports to the US. Increased tariffs on Australia's trading partners could also have indirect impacts for the domestic financial markets. "The surge in US tariffs still poses a significant threat to the global economy, which will likely become more evident in the months ahead," Mr Oliver said. Wall Street investors were feeling the pinch on Friday as new tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. The S&P suffered its biggest daily percentage decline in more than two months, with an 8.3 per cent tumble in shares after it posted quarterly results but failed to meet lofty expectations for its cloud computing unit also weighing on equities. Australian share futures dropped 32 points, or 0.37 per cent, to 16,231. The benchmark S&P/ASX200 index on Friday dropped 80.8 points, or 0.92 per cent, to 8,662.0, while the broader All Ordinaries fell 81.9 points, or 0.91 per cent, to 8,917.1. Profit reporting season also begins this week, with major companies such as News Corp, AMP and QBE Insurance set to reveal earnings results. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Hour Glass' (SGX:AGS) Dividend Will Be SGD0.04
The Hour Glass Limited's (SGX:AGS) investors are due to receive a payment of SGD0.04 per share on 19th of August. This means that the annual payment is 3.0% of the current stock price, which is lower than what the rest of the industry is paying. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Hour Glass' Future Dividend Projections Appear Well Covered By Earnings Even a low dividend yield can be attractive if it is sustained for years on end. Before making this announcement, Hour Glass was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share could rise by 14.2% over the next year if the trend from the last few years continues. If the dividend continues along recent trends, we estimate the payout ratio will be 29%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Hour Glass Dividend Volatility Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the annual payment back then was SGD0.022, compared to the most recent full-year payment of SGD0.06. This implies that the company grew its distributions at a yearly rate of about 11% over that duration. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. The Dividend Looks Likely To Grow Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. We are encouraged to see that Hour Glass has grown earnings per share at 14% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. Hour Glass Looks Like A Great Dividend Stock It is generally not great to see the dividend being cut, but we don't think this should happen much if at all in the future given that Hour Glass has the makings of a solid income stock moving forward. The cut will allow the company to continue paying out the dividend without putting the balance sheet under pressure, which means that it could remain sustainable for longer. All in all, this checks a lot of the boxes we look for when choosing an income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified 1 warning sign for Hour Glass that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 hours ago
- Yahoo
Jardine Matheson Holdings (SGX:J36) Will Pay A Dividend Of $0.60
Jardine Matheson Holdings Limited's (SGX:J36) investors are due to receive a payment of $0.60 per share on 15th of October. The dividend yield will be 4.0% based on this payment which is still above the industry average. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Jardine Matheson Holdings' Payment Could Potentially Have Solid Earnings Coverage Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before making this announcement, Jardine Matheson Holdings' dividend was higher than its profits, but the free cash flows quite comfortably covered it. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry. Looking forward, earnings per share is forecast to rise exponentially over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 37%, which would make us comfortable with the dividend's sustainability, despite the levels currently being elevated. View our latest analysis for Jardine Matheson Holdings Jardine Matheson Holdings Has A Solid Track Record The company has an extended history of paying stable dividends. Since 2015, the dividend has gone from $1.41 total annually to $2.25. This means that it has been growing its distributions at 4.8% per annum over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. Dividend Growth Potential Is Shaky Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Unfortunately things aren't as good as they seem. Earnings per share has been sinking by 13% over the last five years. A sharp decline in earnings per share is not great from from a dividend perspective. Even conservative payout ratios can come under pressure if earnings fall far enough. On the bright side, earnings are predicted to gain some ground over the next year, but until this turns into a pattern we wouldn't be feeling too comfortable. In Summary Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. The company has been bring in plenty of cash to cover the dividend, but we don't necessarily think that makes it a great dividend stock. We would be a touch cautious of relying on this stock primarily for the dividend income. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. As an example, we've identified 2 warning signs for Jardine Matheson Holdings that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
