Insiders have been buying Telstra and these ASX shares

Insiders have been buying Telstra Corporation Ltd (ASX:TLS) shares and two others this week…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Every so often 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 intrinsic value better than its own directors.

A number of shares have reported meaningful insider buying this week. Here are a few that caught my eye:

Advance NanoTek Ltd (ASX: ANO)

According to a change of director's interest notice, one of this advanced materials company's non-executive directors has been buying shares on-market this month. The notice reveals that Lev Mizikovsky has made two sizeable purchases totalling approximately $250,000. Mr Mizikovsky picked up 33,818 shares on September 5 for $150,088.30 and 22,721 shares on September 9 for $101,756.05. This brought the director's holding to a total of 26,810,206 shares. Advance NanoTek's shares have lost over a third of their value since peaking at $7.85 in June. This director may believe they have fallen too far.

Rural Funds Group (ASX: RFF)

A non-executive director of this embattled agriculture-focused property fund has taken advantage of recent share price weakness to top up his holding. According to a change of director's interest notice, Guy Paynter picked up 100,000 shares through an on-market trade on September 6 for an average of $1.95 per share or a total consideration of $195,000. This brought Mr Paynter's holding up to a total of 1,559,104 shares. Rural Funds has been targeted by an international short seller recently that declared its shares as worthless, but this director certainly doesn't appear to agree with this view.

Telstra Corporation Ltd (ASX: TLS

This telco giant's non-executive director, Roy Chestnutt, has been buying the company's shares this month. According to a change of director's interest notice, Mr Chestnutt picked up 27,000 shares for a total consideration of $97,051.50. This equates to an average of ~$3.59 per share. This could prove to be good timing from the director as this week Goldman Sachs added Telstra to its conviction buy list.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Advance NanoTek Limited. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Telstra Limited. 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.

More on Share Market News

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why EML, GQG Partners, IGO, and Integrated Research shares are sinking today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of…

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why EOS, News Corp, Polynovo, and Pro Medicus shares are roaring higher today

These shares are starting the week positively. But why?

Read more »

A couple stares at the tv in shock, one holding the remote up ready to press.
Mergers & Acquisitions

Telstra share price climbs amid $3.4b Foxtel sale

Who is buying the Foxtel business? Let's find out.

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Share Market News

Brokers say these ASX 200 growth stocks could rise 50% to 70%

Analysts think these shares could be dirt cheap and destined to generate big returns.

Read more »

Two people having a meeting using a laptop and tablet to discuss Seven West Media's balance sheet
Broker Notes

Why these ASX shares could be top SMSF options in 2025

Analysts are bullish on these high-quality shares. Let's find out why.

Read more »

The words short selling in red against a black background
Share Market News

These are the 10 most shorted ASX shares

Let's see which shares short sellers are targeting this week.

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Monday

A good start to the week is expected for Aussie investors. Here's what to watch.

Read more »

A businessman compares the growth trajectory of property versus shares.
Opinions

What's the outlook for shares vs. property in 2025?

The experts have put out their new year predictions...

Read more »