SELL!
NeoGroup12.15Neo Group's share price peaked at above 90 cents in 2015 but currently trades at around 66 cents. NextInsight file photo.Lee Kwang Boon, executive director (business development) of Neo Group, sold 2 m shares at 50 cents apiece on 8 March 2016 via a married deal.

He is left with 5.2 million shares or 3.56% stake in the Group which he joined in 2007 as Sales and Marketing Director of Neo Garden Catering.

He is currently responsible for overseeing the marketing and brand development activities of Neo Group.

 
Insider selling is not as reliable an indicator of the prospects of a company as buying is. Reason is, insiders buy for only one reason -- they believe their purchases can make a profit! 

Thus, you might want to take heed of some of the following purchases reported in March 2016 --->

BUY!   No. of shares bought Average price Direct holding (% stake) Indirect stake (%)
Value Partners Classic Fund
(Substantial shareholder, SIIC Environment)
2,167,500

17 March 2016
69.1 cents 204,923,480

(9.08%)
--


 Andy Adhiwana
Dr Andy Adhiwana
(Executive director, Auric Pacific)

1,081,300


1-18 March 2016

71.64 cents




31,236,111


(24.86%)
 KowYa
Kow Ya
(Exec Director, DeClout) 

6 m

16 March 2016

19.7 cents

16,800,000


(2.71%)
--
 GuoWenfei
Guo Wenfei
(Non-executive director, AsiaMedic) 

2 m

11 March 2016

6.6 cents

2 m

(0.512%)
--


 TaiKokChuan
Tai Kok Chuan
(Independent Non-executive director, Elektromotive)

120 m

10 Mar 2016

0.5 cents

120 m

(6.91%)
 --


Notes: 

» Dr Andy Adhiwana is the sole owner of Bravado International, whose 100% subsidiary Goldstream Capital owns a 24.86% interest in Auric Pacific. Auric Pacific had big losses in 2013 and 2015 and barely broke even in 2014.
(Does Dr Adhiwana's purchase signal better times ahead for Auric Pacific?)


» Guo Wenfei is the CEO of Luye Medical Group, a major healthcare group in China, which which owns a 24.44% stake in AsiaMedic. The stake was purchased at 8 cents a share in June 2015 from two AsiaMedic shareholders. Mr Guo bought 2 m shares of AsiaMedic from two directors of AsiaMedic.
(What grand plan, if any, does Luye Medical Group have for AsiaMedic?)

» Tai Kok Chuan is the founder and executive chairman of Singapore-listed Albedo, which is into mining, mineral processing and bulk commodities trading. He bought the 120 m shares just a day after he was appointed to the Elektromotive board. The purchase was a married deal with well-known investor Bobby Lim.
(There doesn't seem to be a business overlap between Albedo and Elektromotive, which provides solutions for recharging electric vehicles).

You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings2.3600.010
Best World2.4700.010
Boustead Singapore0.9650.005
Broadway Ind0.1290.001
China Aviation Oil (S)0.9200.015
China Sunsine0.4150.005
ComfortDelGro1.5000.010
Delfi Limited0.9050.005
Food Empire1.2700.020
Fortress Minerals0.310-
Geo Energy Res0.310-
Hong Leong Finance2.490-0.010
Hongkong Land (USD)3.0700.040
InnoTek0.525-
ISDN Holdings0.3100.005
ISOTeam0.041-0.002
IX Biopharma0.043-
KSH Holdings0.250-
Leader Env0.0510.001
Ley Choon0.0460.003
Marco Polo Marine0.0660.001
Mermaid Maritime0.1410.003
Nordic Group0.340-
Oxley Holdings0.089-
REX International0.1370.001
Riverstone0.8200.020
Southern Alliance Mining0.4450.015
Straco Corp.0.5000.010
Sunpower Group0.2100.010
The Trendlines0.069-
Totm Technologies0.022-
Uni-Asia Group0.825-0.010
Wilmar Intl3.4800.030
Yangzijiang Shipbldg1.7800.060
 

We have 2333 guests and no members online

rss_2 NextInsight - Latest News