Executive Chairman of Get Nice Holdings Hon Man Hung Buys More Stock

Potential Get Nice Holdings Limited (HKG:64) shareholders may wish to note that the Executive Chairman, Hon Man Hung, recently bought HK$851k worth of stock, paying HK$0.15 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Get Nice Holdings

Get Nice Holdings Insider Transactions Over The Last Year

In fact, the recent purchase by Executive Chairman Hon Man Hung was not their only acquisition of Get Nice Holdings shares this year. They previously made an even bigger purchase of HK$6.9m worth of shares at a price of HK$0.16 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$0.15). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Hon Man Hung.

Hon Man Hung bought a total of 183.65m shares over the year at an average price of HK$0.15. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Get Nice Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Get Nice Holdings Boast High 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Get Nice Holdings insiders own about HK$923m worth of shares (which is 64% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Get Nice Holdings Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Get Nice Holdings. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Get Nice Holdings. Case in point: We've spotted 2 warning signs for Get Nice Holdings you should be aware of, and 1 of them is potentially serious.

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, but not derivative transactions.

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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.