3 ASX All Ords directors buying up their company shares recently

Should investors back these businesses if their leaders are?

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Key points

  • Rural Funds’ managing director recently invested around $500,000 in units of the REIT
  • One of Regis Healthcare’s directors recently bought shares, backing the aged-care operator
  • Betmakers’ executive chair recently bought another three million shares

All Ordinaries (ASX: XAO), or All Ords, ASX shares have been through a rollercoaster of share price movements since the start of 2022.

It's often said that the leadership of a business can sell shares for many reasons – tax, buying a property, and so on. But there's only one reason that they buy shares on the market – they think they're good value.

So, let's have a look at some of the businesses that have received backing in the form of directors buying shares recently.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) that owns a variety of farm properties around Australia and leases them to largely blue-chip tenants.

Over the past six months, Rural Funds shares have dropped 18%. Since the end of May 2022, the All Ords ASX share has fallen around 30%.

Managing director David Bryant, one of the largest shareholders of Rural Funds, recently increased his holding of Rural Funds shares on 2 March 2023. Bryant bought another 230,000 Rural Funds shares at an average price of $2.19 per unit.

This brought his total holding to 16.94 million shares after that investment worth around $500,000.

Regis Healthcare Ltd (ASX: REG)

Regis Healthcare is one of the largest aged care providers in Australia.

There has been substantial pressure on the sector in recent years, particularly with the impacts of the COVID-19 pandemic. COVID-19 costs amounted to $13 million before tax in the first half of FY23.

Since the start of 2023, Regis Healthcare shares have dropped around 17%. The All Ords ASX share is down around 27% over the past year.

Director Sally Freeman was the latest leadership figure to snap up some shares. Freeman bought 30,000 shares for a total cost of $46,542. That works out to be an average of $1.55 per share, which is close to where the price is at the time of writing.

Betmakers Technology Group Ltd (ASX: BET)

Betmakers describes itself as a wagering technology and data partner for "some of the world's most recognised and responded bookmakers and rights holders". It says that it offers the most complete wholesale racing wagering solution in the world.

Matthew Davey is the executive chair and president of the business.

In early March 2023, Davey purchased a total of three million shares across three on-market trades. The entity he's involved with, Tekkorp, invested $611,144 for an average price of 20.4 cents per share.

This brought Tekkorp's total shareholding of the All Ords ASX share to 108,500,000 shares. Certainly, Davey is a large shareholder in the business.

Motley Fool contributor Tristan Harrison has positions in Rural Funds Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Betmakers Technology Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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