“Alcidion’s shares may have quadrupled in value this year, but it appears as though Wilson believes they can still go higher.”
https://au.finance.yahoo.com/news/insiders-buying-suncorp-asx-shares-041353861.html
Insiders have been buying Suncorp and these ASX shares
James Mickleboro
8 November 2019, 3:13 pm AEDT
Businessman paying Australian money
Once a week I like to look at which shares have experienced meaningful insider buying.
This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors.
A number of shares have reported meaningful insider buying this week. Here are a few that caught my eye:
Alcidion Group Ltd (ASX: ALC)
According to a change of director’s interest notice, one of this healthcare technology company’s directors has been buying shares this week. The company’s chair, Rebecca Wilson, snapped up 150,000 shares through an on-market trade on November 5. Wilson paid a total of $33,750 for the shares, which equates to a price of 22.5 cents per share. This lifted the director’s holding to a total of 1,230,000 shares (directly and indirectly held). Alcidion’s shares may have quadrupled in value this year, but it appears as though Wilson believes they can still go higher.
Bega Cheese Ltd (ASX: BGA)
A change of director’s interest notice reveals that one of this struggling food company’s directors has bought shares through an on-market trade this month. Independent non-executive director, Patria Mann, picked up 20,000 Bega shares on-market on November 1. The director paid a total of $73,000 for the shares or an average of $3.65 per share. Bega Cheese’s shares have fallen heavily this year and to a level that this director appears to believe offers a lot of value for money.
Suncorp Group Ltd (ASX: SUN)
This insurance giant’s non-executive director, Simon Machell, has added to its shareholding recently. According to a change of director’s interest notice, Mr Machell picked up 6,305 shares through an on-market trade on October 31. The director paid an average of $13.45 per share or a total consideration of just under $85,000. This lifted his holding to a total of 50,000 shares. Suncorp’s shares have underperformed over the last 12 months, falling almost 8%. This director may believe the next 12 months will be better.
The post Insiders have been buying Suncorp and these ASX shares appeared first on Motley Fool Australia.
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Buyers (Bids)
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6 | 339874 | 0.054 |
5 | 373532 | 0.053 |
2 | 500000 | 0.052 |
Price($) | Vol. | No. |
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