The Motley Fool

Insiders have been buying these ASX shares

Once a week I like to look at which ASX shares have been experiencing insider buying. This is because insider buying is often regarded as a bullish indicator as few should know a company, its prospects, and true value better than its own directors.

Three shares which have been experiencing meaningful insider buying recently are listed below:

Dicker Data Ltd (ASX: DDR)

According to a change of director’s interest notice, chief operating officer, Vladimir Mitnovetski, more than doubled his existing shareholding by snapping up 199,099 shares through an on-market trade this week. Mr Mitnovetski paid $2.83 per share for a total consideration of approximately $563,000. Dicker Data has high levels of director ownership across its C-suite, which is something that I find very attractive.

Hansen Technologies Limited (ASX: HSN)

A change of director’s interest notice reveals that non-executive director David Howell recently picked up 25,000 Hansen Technologies’ shares for $74,162.80 through an on-market trade. Mr Howell appears to have seen a lot of value in the billing solutions company’s shares after their significant decline following the release of a disappointing trading update. I think this was a good move by Mr Howell and believe the selloff was a touch overdone and left its shares trading at an attractive level.

WAM Global Limited (ASX: WGB)

According to a change of director’s interest notice, chairman Geoff Wilson picked up 28.981 shares through an on-market trade last Friday. Mr Wilson paid approximately $2.18 per share for a total consideration of $63,317.58. This lifted his holding to a total of 2,528,982 shares. WAM Global recently hit the ASX boards at a listing price of $2.20 per share. Mr Wilson appears to have seized on post-listing share price weakness to top up his holding. While I like the look of WAM Global, I’m not overly bullish on the global economy right now due to trade war concerns.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of Hansen Technologies. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now