| SELL! |
 Neo 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%) |
-- |
|
 |
Dr Andy Adhiwana (Executive director, Auric Pacific) |
1,081,300 1-18 March 2016 |
71.64 cents |
31,236,111 (24.86%) |
|
 |
Kow Ya (Exec Director, DeClout) |
6 m 16 March 2016 |
19.7 cents |
16,800,000 (2.71%) |
-- |
 |
Guo Wenfei (Non-executive director, AsiaMedic) |
2 m 11 March 2016 |
6.6 cents |
2 m (0.512%) |
-- |
 |
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).
