Insider Trades: euNetworks Group Limited SGX
We take a look at euNetworks, a European internet infrastructure company listed on the SGX. Things are looking good for this company. Look at the stock price now (we are not considering the interest of substantial shareholders for now).
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| euNetworks stock chart |
Look at when the insiders buy into the stock. Do they know or have an indication that the company is doing well?
Kai-Uwe Ricke Independent, Non-Executive Director bought on the open market on 14 August 2013.
John Scarano who is the Vice Chairman of the board and also the Executive Vice President of Finance, Operations & Corporate Development bought some on the open market on 28 August 2013.
Daniel Aegerter Non-Independent, Non-Executive Director bought on the open market on 5 September 2013.
Look at what the disclosure form, part III states:
"Mr. Aegerter gave a purchase order to his bank to buy up to 200,000 shares at SGD 0.58 per share. The purchase order was given on 5 September 2013 and was valid until 13 September 2013. Mr. Aegerter received confirmation from the bank only on 16 September 2013 (date on which he became aware of the acquisition) that the purchase of the shares was completed on the first day of the purchase order."
Wow, seems like he bought in at a good price.
3 key people bought into the stock within weeks apart. In October 2013, the stock price shot up.
See the power of the insider activities as disclosed by the disclosure form.
Daniel Aegerter Non-Independent, Non-Executive Director bought on the open market on 5 September 2013.
Look at what the disclosure form, part III states:
"Mr. Aegerter gave a purchase order to his bank to buy up to 200,000 shares at SGD 0.58 per share. The purchase order was given on 5 September 2013 and was valid until 13 September 2013. Mr. Aegerter received confirmation from the bank only on 16 September 2013 (date on which he became aware of the acquisition) that the purchase of the shares was completed on the first day of the purchase order."
Wow, seems like he bought in at a good price.
3 key people bought into the stock within weeks apart. In October 2013, the stock price shot up.
See the power of the insider activities as disclosed by the disclosure form.
***NOTE***
Please note that I do own the stock and I am NOT recommending anyone to buy this counter or invest in this directly or indirectly. I will not take responsibility whatsoever. I started this stock as my first analysis because I do own it and it makes it easier as I have the information already on hand.
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