One POWERFUL indicator to help you make sound investment decisions

Previously, we talked about share buybacks. This occurs when management uses its own company’s cash to repurchase its shares from the open market.

If the CEO/directors used their OWN money to repurchase stocks of their own company from the open market, what would you think of the stock?

Below is a snapshot of the company’s announcement, listed on SGX. On the rightmost column, it is stated that there were changes to the Director/CEO’s interest in the company. Notice that in the purple box, there were a lot of transactions in August 2015.

Source: SGX Announcements
Source: SGX Announcements

If you click on one of the links mentioned above, the details of each transaction will be shown. On 18 Aug 2015, you’d noticed that the Director/CEO purchased 55,000 ordinary shares from the open market at $1.359:

Source: SGX Announcements
Source: SGX Announcements

Wonder which director would spend close to S$1 million to purchase a stock? Find out here!

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