Once in a while, I would like to zoom in to insider or share buybacks to see if I can spot any hidden gems.
Insider buying or Share buybacks is generally seen as a bullish indicator because few would know better of the company’s true value than its own directors/management team.
With that in mind, lets check out 3 companies which have reported meaningful insider buying or share buybacks the past weeks:
1. GL Limited (SGX: B16)Sourced from GL Limited
GL Limited (formerly known as GuocoLeisure Limited) is an investment holding company with principal investments in hotel management & operations, oil & gas, property development and other areas in the leisure industry.
glh is the largest hotel owner operator in London with 5,000+ rooms, operating 17 hotels across 4 brands: Amba Hotels, Guoman Hotels, Thistle and Thistle Express. In addition, the refurbishment of The Cumberland Hotel is under renovation
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