Singapore Shipping Executive Chairman Acquires 1.5% More Stock

Singapore Shipping Corporation Limited (SGX:S19) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Chio Kiat Ow, recently bought a whopping S$688k worth of stock, at a price of S$0.28. While that only increased their holding size by 1.5%, it is still a big swing by our standards.

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Singapore Shipping Insider Transactions Over The Last Year

Notably, that recent purchase by Chio Kiat Ow is the biggest insider purchase of Singapore Shipping 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$0.28. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Singapore Shipping share holders is that an insider was buying at near the current price. Chio Kiat Ow was the only individual insider to buy shares in the last twelve months.

Chio Kiat Ow bought a total of 4.38m shares over the year at an average price of S$0.27. 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 Singapore Shipping

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Singapore Shipping

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. It's great to see that Singapore Shipping insiders own 52% of the company, worth about S$60m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Singapore Shipping Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Singapore Shipping. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Singapore Shipping you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.