MENU

Insiders have been buying these ASX shares this week

At the end of each week I like to look at which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator as few people know a company and its true value better than its own directors.

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

Adairs Ltd (ASX: ADH)

According to a change of director’s interest notice, non-executive director Trent Peterson has topped up his considerable holding this week. Mr Peterson snapped up a further 50,000 shares at a price of $1.70 per share. This works out to be a total consideration of approximately $85,000 and lifts his personal holding to 140,000 shares. The executive also has an indirect interest totalling around 19 million shares. I think Adairs’ shares are great value right now and would suggest investors consider following his lead.

Lendlease Group (ASX: LLC)

This international property and infrastructure company has seen a high level of insider buying this week. According to no less than five change of director’s interest notices, the company’s directors have taken advantage of its share price decline to pick up a considerable number of shares. The largest purchase of shares came from CEO Stephen McCann. He picked up 70,000 shares at an average of $13.30 per share. This works out to be a total consideration of approximately $930,000. Chairman Michael J Ullmer was also in on the action. Mr Ullmer picked up 50,000 shares at an average of $13.57 per share. This equates to a total cash consideration of approximately $678,000. These directors appear to see the selloff as a buying opportunity.

Monadelphous Group Limited (ASX: MND)

According to a change of director’s interest notice, independent non-executive director Helen Gillies has bought 4,000 shares of this engineering company this week. Gillies paid a total of $55,990.40 for the shares, equating to an average of $14.00 per share. This purchase almost doubled her holding to 8,161 shares. The Monadelphous share price has fallen 20% this year and to a level that this director appears to believe is good value.

Instead of Monadelphous I would consider picking up these dividend shares.

NEW! Top 3 Dividend Bets for 2019

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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!