Buying the dip: 3 ASX All Ord shares insiders are loading up on

Insiders are taking advantage of the fire sale…

Mitchell Lawler

Mitchell stumbled upon the concept of investing when in high school, devotedly urging his parents to put some money into a handful of technology companies with increasingly popular products among his demographic – many of which have gone on to great success. It wouldn’t be until 2017, some five years later, that Mitchell became an investor of his own money. Having studied and worked as a mechanical engineer in the building services industry, Mitchell takes a methodical and analytical approach to evaluating businesses. Rather than relying purely on numbers, Mitchell drills beyond a company’s metaphorical mantle to unearth obscure patterns or competitive advantages that would go otherwise unnoticed. His expertise resides within areas such as software, consumer goods, and building services equipment. However, his quest to find quality companies that set the industry standard and flex some degree of an impenetrable position has no limits – small cap to mega cap, cosmetics to healthcare – if it’s an exceptional business it’s on his radar.

Published June 15, 2022 7:23 am AEST

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.

A female executive smiles as she carries out business on her mobile phone. — Image source: Getty Images

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.

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