We'd be surprised if Time Interconnect Technology Limited (HKG:1729) shareholders haven't noticed that the Independent Non-Executive Director, Hin Shun Ho, recently sold HK$1.1m worth of stock at HK$3.63 per share. That sale was 31% of their holding, so it does make us raise an eyebrow.
Check out our latest analysis for Time Interconnect Technology
The Last 12 Months Of Insider Transactions At Time Interconnect Technology
Notably, that recent sale by Hin Shun Ho is the biggest insider sale of Time Interconnect Technology shares that we've seen in the last year. That means that an insider was selling shares at around the current price of HK$3.60. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
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!
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Insider Ownership
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.1% of Time Interconnect Technology shares, worth about HK$75m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Time Interconnect Technology Insiders?
An insider hasn't bought Time Interconnect Technology stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Time Interconnect Technology is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. 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. At Simply Wall St, we found 3 warning signs for Time Interconnect Technology that deserve your attention before buying any shares.
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.
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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.