Bullish China Lesso Group Holdings Insiders Loaded Up On CN¥55.8m Of Stock

Simply Wall St.07-20

In the last year, multiple insiders have substantially increased their holdings of China Lesso Group Holdings Limited (HKG:2128) stock, indicating that insiders' optimism about the company's prospects...

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Although we don't think shareholders should simply follow insider transactions,  we do think it is perfectly logical to keep tabs on what insiders are doing.   See our latest analysis for China Lesso Group Holdings  China Lesso Group Holdings Insider Transactions Over The Last Year   The Founder & Executive Chairman Luen Hei Wong made the biggest insider purchase in the last 12 months. That single transaction was for HK$20m worth of shares at a price of HK$4.14 each.    That means that an insider was happy to buy shares at above the current price of HK$3.09.  Their view may have changed since then, but at least it shows they felt optimistic at the time.  In our view, the price an insider pays for shares is very important.   It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.       In the last twelve months China Lesso Group Holdings insiders were buying shares, but not selling.    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! SEHK:2128 Insider Trading Volume July 19th 2024 China Lesso Group Holdings 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  Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.  I reckon it's a good sign if insiders own a significant number of shares in the company.   It's great to see that China Lesso Group Holdings insiders own 69% of the company, worth about HK$6.6b.  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 China Lesso Group Holdings Insider Transactions Indicate?  It doesn't really mean much that no insider has traded China Lesso Group Holdings shares in the last quarter.    But insiders have shown more of an appetite for the stock, over the last year.   With high insider ownership and encouraging transactions, it seems like China Lesso Group Holdings insiders think the business has merit.      In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing China Lesso Group Holdings.    For example - China Lesso Group Holdings has 2 warning signs we think you should be aware of.   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.Valuation is complex, but we're helping make it simple.Find out whether China Lesso Group Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave 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.Valuation is complex, but we're helping make it simple.Find out whether China Lesso Group Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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