Once a week I like to take a look at which shares have been experiencing insider buying and selling.
This is because nobody should theoretically know a company and its prospects better than its own directors. So when insiders are shown to be buying shares it is often regarded as a bullish indicator and vice versa when they are seen to be selling shares.
Three shares which have been experiencing meaningful insider buying recently are listed below:
Oliver's Real Food Ltd (ASX: OLI)
According to a change of director's interest notice, non-executive director John Diddams has acquired 200,000 shares in the healthy fast food company for a combined price of $49,787.92 through an on-market trade. This has increased Mr Diddams' holding to a total of 1.625 million options and 2.675 million ordinary shares. Oliver's recently reaffirmed its FY 2018 EBITDA guidance of $4.767 million after replacing its CEO.
Orocobre Limited (ASX: ORE)
Non-executive director Leanne Heywood has taken advantage of Orocobre's recent share price weakness and topped up her holding with a small purchase. Heywood picked up 2,000 shares at approximately $5.42 per share through an on-market trade. This has increased Heywood's holding in the company to 10,800 shares. Orocobre's shares are down 33% from their 52-week high at the time of writing amid concerns over the future price of lithium.
Zip Co Ltd (ASX: Z1P)
This payment company's chairman and non-executive director, Philip Crutchfield, has added more shares to his considerable holding. According to a change of director's interest notice, Mr Crutchfield has picked up 40,000 shares on-market for a total consideration of $31,548. Last week Zip Co announced a partnership with Tigerair Australia that will see its interest-free payment method added to the low-cost carrier's suite of payment options. The offering is expected to go live in the middle of April.
