As we near the end of the financial year, many investors are watching the ASX All Ords with apprehension.
The All Ordinaries Index (ASX: XAO) has been on a downward trend in June, shedding nearly 625 points (down 8.4%) so far this month. But amidst all the carnage, some insiders are buying up ASX All Ord shares at a discount.
This could be a promising indicator, considering these are the people that should know the business best. If insiders are comfortable accumulating shares, maybe there's a disconnect between the share price and the underlying business.
Seeing value in these ASX All Ord shares
Audinate Group Ltd (ASX: AD8)
The first ASX All Ords share in our list is Australian digital audio technology company, Audinate. It appears the market is not hearing the positive aspects of the business. In FY21, the Dante software maker eclipsed its pre-COVID-19 revenue, reaching $33.4 million. Although, the company's latest FY22 update suggests revenue growth may not be high, with forecasts of above $30 million.
However, Audinate chair David Krall decided to buy $134,600 worth of Audinate shares on 1 June 2022. The purchase takes the board members holding to 500,000 shares worth a total of $3.29 million at the time of writing.
Polynovo Ltd (ASX: PNV)
There is plenty going on for this dermal regeneration medical company. Despite Polynovo achieving 40% revenue growth in the last 12 months and turning profitable, this ASX All Ord share is one of the most heavily shorted companies on the market. In addition, the next quarterly rebalance will see Polynovo booted from the S&P/ASX 200 Index (ASX: XJO).
Yet, Polynovo chair David Williams has continued to relentlessly buy shares in the medical device company. On 6 and 7 June, Williams added a further $284,123 worth of shares to his name. This takes his total purchases above $5.1 million since the beginning of May this year.
Dicker Data Ltd (ASX: DDR)
In its recent first-quarter FY22 update, Dicker Data posted impressive increases in its revenue and net earnings. Though, the market has not changed its sentiment on the technology distribution company, with shares down nearly 22% year-to-date.
Clearly, chief operating officer Vladimir Mitnovetski sees the current share price of this ASX All Ords share as an opportunity. On 7 June, the executive director acquired 2,500 shares in the company for $29,500.
Notably, the company is currently offering a dividend yield of 4% based on its current share price.
