One Spur Insider Raised Stake By 28% In Previous Year
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.
The Group COO & Executive Director Kevin Robertson made the biggest insider purchase in the last 12 months. That single transaction was for R2.5m worth of shares at a price of R33.07 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being R31.11). 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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Kevin Robertson. We note that Kevin Robertson was both the biggest buyer and the biggest seller.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Spur
Spur is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
There has been significantly more insider buying, than selling, at Spur, over the last three months. Group COO & Executive Director Kevin Robertson spent R2.5m on stock. But we did see Group COO & Executive Director Kevin Robertson sell shares worth R421k. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data isn't picking up on much insider ownership at Spur, though insiders do hold about R11m worth of shares. This level of insider ownership is notably low, and not very encouraging.
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Spur insiders are well aligned, and that they may think the share price is too low. 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. Every company has risks, and we've spotted 1 warning sign for Spur you should know about.
Of course Spur 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.
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