Insider Trades

Insider Trades: Asia Insider notes that buying fell for the first time in the past five weeks for the week ending 11 Dec.

Insider purchases: 17 companies saw 51 purchases worth $3.4m, vs. 20 corporates and 52 transactions worth $11.3m the week prior.

Insider selling: One firm recorded a disposal worth $0.004m, vs. four companies, six transactions worth $0.71m the week before.

Buybacks: 21 firms posted 79 buybacks worth $19.53m, vs. 23 companies, 84 repurchases worth $8.38m.

Notable transactions:
GCCP Resources: Maiden buyback since its April Catalist listing. 13m shares were bought at average 13.4¢. The trades were 38% of the stock’s trading volume. Buyback price lower than 23¢ IPO price.

LH Group: Buying back heavily in the past three weeks with 161,000 shares bought from 26 Nov to 10 Dec at average of 48.2¢ each. The trades accounted for 89% of the stock’s trading volume. The transactions were made on the back of a 76% drop in share price since April.

DBS: Bought back 300,000 shares at $16.44, picking up where it left off in October. The trades were made on the back of a 9% drop in share price since the final week of October.

ST Engineering: Picked up where it left off in November, with 893,000 shares purchased at average of $2.91, accounting for 15% of the stock’s trading volume.