MENU

Insiders have been buying these ASX shares

At the end of each week I like to look at which ASX shares have been experiencing notable insider buying. This is because I believe insider buying can be a bullish indicator as few people ought to know a company, its industry, prospects, and true value better than its own directors.

Three shares which have reported meaningful insider buying this week are listed below:

Monash IVF Group Ltd (ASX: MVF)

According to a change of director’s interest notice, independent non-executive director Christina Boyce has picked up 40,000 shares in the embattled fertility treatment company for a total consideration of $37,500 through two on-market trades. This equates to an average price of 97.8 cents per share. Unfortunately for the director the market selloff has dragged Monash IVF’s shares down to a 52-week low of 92 cents today.

Myer Holdings Ltd (ASX: MYR)

A change of director’s interest notice out of this department store operator reveals that its independent non-executive director, David Whittle, has been buying its shares on-market this week. Mr Whittle picked up 54,321 shares for a total consideration of $27,975.32. This works out to be an average price of 51.5 cents per share. Fellow director Margaret Cattermole was also buying shares this week. She snapped up almost $50,000 worth of shares on Tuesday. This could be a sign that the Myer board is confident in its turnaround plans.

Resolute Mining Limited (ASX: RSG)

This gold miner’s CEO, John Welborn, bought 52,412 shares for a total consideration of approximately $55,000 this week. The gold miner’s shares have fallen heavily since the end of August and Mr Welborn appears to believe that they have fallen down to an attractive level now. This brought the CEO’s holding up to a total of 4.5 million fully paid ordinary shares. He also has various performance rights that may be vested in the future.

The number #1 dividend share on the ASX today

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Monash IVF Group Ltd. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!