Insights

Here are 3 ASX shares insiders have been buying recently

Here’s what insiders have been buying during the last month…
The post Here are 3 ASX shares insiders have been buying recently appeared first on The Motley Fool Australia. –

When it comes to investing in ASX shares, there are many variables to consider. One variable that can be worth a look at before buying is whether the company’s own directors and board members have also been investing in it.

While it may not be a green flag to go and buy, it certainly is a good sign when insiders show conviction in the company that they are working for by putting some of their own cold hard cash into it.

Let’s take a look at a few ASX-listed shares experiencing buying from insiders in the last month.

3 ASX shares that insiders are investing in

Ampol Ltd (ASX: ALD)

Landing on our list is one of Australia’s most popular fuel retailers, Ampol Ltd, formerly known as Caltex. This Aussie company has been busy during the last couple of months. Earlier this month the company agreed to fork out NZ$2 billion to acquire New Zealand fuel retailer, Z Energy.

The final details of the Z Energy acquisition were shared with the market on 11 October. It must have seemed like a good deal to non-executive director Elizabeth Donaghey, with the board member purchasing 1,600 shares in ASX-listed Ampol 2 days later. According to the notice, Donaghey picked up the holding at a price of $30.11, amounting to a total investment of $48,171.

The Ampol share price has increased 13.2% in the past month. In fact, the company’s shares are nearing a new 52-week high, with the milestone less than 1% away.

Data#3 Limited (ASX: DTL)

The next ASX share on the list is the $880 million IT solutions company, Data3. Despite a disappointing year of performance for the company, the last month has seen its share price increase by more than 20%. This came shortly after the unveiling of a record full-year result, booking $25.4 million in net profit after tax.

It appears two Data3 board members timed their investment well, with Mark Gray and Richard Anderson buying ~$60,000 and $46,500 respectively earlier in the month. According to the notice, the non-executive director and chair grabbed the shares between $4.65 and $5.

Following a continued rise in the Data3 share price, the two board members are now sitting on roughly $22,000 in paper profits between them.

Orica Ltd (ASX: ORI)

Last, but certainly not least, is possibly the only explosives and blasting systems company on the ASX. Shares in Orica have been spiralling upwards this month, gaining nearly 27% in the process.

This impressive 1-month move follows Orica releasing a trading update at the end of September. In the update, the company highlighted it expects significant items of between $345 million to $370 million to impact FY21 profits.

On 30 September, non-executive director Denise Gibson decided to load up on Orica shares on the back of the abovementioned announcement. The reported notice indicates that Gibson acquired 10,000 shares in the ASX company at a total value of ~A$136,700.

The post Here are 3 ASX shares insiders have been buying recently appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

ASX 200 (ASX:XJO) midday update: Crown and Pilbara Minerals surge higher

Ampol (ASX:ALD) share price higher following Q3 update

What this top broker is saying about the Ampol (ASX:ALD) share price

Why Ampol, Fortescue, IAG, & Perenti shares are charging higher

Ampol (ASX:ALD) share price zooms higher on NZ$2.8bn Z Energy acquisition

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!