Kwok Lung Hon Buys Handful Of Shares In Citychamp Watch & Jewellery Group

Investors who take an interest in Citychamp Watch & Jewellery Group Limited (HKG:256) should definitely note that the Executive Chairman, Kwok Lung Hon, recently paid HK$0.085 per share to buy HK$869k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At Citychamp Watch & Jewellery Group

Notably, that recent purchase by Executive Chairman Kwok Lung Hon was not the only time they traded Citychamp Watch & Jewellery Group shares this year. Earlier in the year, they sold shares at a price ofHK$0.42 per share in a -HK$17m transaction. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of HK$0.089. So it may not shed much light on insider confidence at current levels.

Kwok Lung Hon sold a total of 96.00m shares over the year at an average price of HK$0.35. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Citychamp Watch & Jewellery Group

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Insider Ownership Of Citychamp Watch & Jewellery Group

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Citychamp Watch & Jewellery Group insiders own 75% of the company, worth about HK$292m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Citychamp Watch & Jewellery Group Insider Transactions Indicate?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Citychamp Watch & Jewellery Group insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Citychamp Watch & Jewellery Group (of which 1 doesn't sit too well with us!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.