The large shareholder groups of Aspen (Group) Holdings Limited (SGX: 1F3) have power over the company. Institutions often own shares in more established companies, while it is not uncommon to see insiders owning a good number of smaller companies. I like to see at least a little insider ownership. As Charlie Munger said, “Show me the incentive and I’ll show you the result.
Aspen (Group) Holdings is not a large corporation by global standards. It has a market cap of S $ 158 million, which means it wouldn’t get the attention of many institutional investors. Our analysis of company ownership, below, shows that institutions are not really present on the share register. We can zoom in on the different ownership groups to find out more about Aspen (Group) Holdings.
See our latest analysis for Aspen (Group) Holdings
What does institutional ownership tell us about Aspen (Group) Holdings?
Institutional investors generally compare their own returns to the returns of a commonly tracked index. They therefore generally consider buying larger companies that are included in the relevant benchmark.
The institutions have a very small stake in Aspen (Group) Holdings. This indicates that the company is on the radar of certain funds, but it is not particularly popular with professional investors at the moment. If the business strengthens from here, we could see a situation where more institutions are eager to buy. It is not uncommon to see a sharp rise in stock prices if several institutional investors attempt to buy a stock at the same time. So check out the historical earnings path below, but keep in mind that it’s the future that matters most.
We note that the hedge funds do not have a significant investment in Aspen (Group) Holdings. Looking at our data we can see that the largest shareholder is Aspen Vision Group Sdn Bhd with 46% of the shares outstanding. With 9.7% and 9.4% of shares outstanding, respectively, Kim-Sun Oh and Oxley Holdings Limited are the second and third largest shareholders. In addition, we found that Murly Manokharan, the CEO, owns 0.9% of the shares attributed to their name.
To make our study more interesting, we found that the top 2 shareholders have a controlling stake in the company, which means that they are powerful enough to influence the decisions of the company.
While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. We do not see any analyst coverage of the stock at this time, so the company is unlikely to be widely held.
Insider ownership of Aspen (Group) Holdings
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company manages the company, but the CEO will report to the board of directors, even if he is a member of the board.
Most view insider ownership as a positive, as it can indicate that the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
It appears that insiders own a significant proportion of Aspen (Group) Holdings Limited. It has a market cap of just S $ 158 million and insiders have shares worth S $ 19 million in their own name. It’s great to see insiders so invested in the business. It might be worth checking out if these insiders have bought recently.
General public property
With a 30% stake, the general public has some influence over Aspen (Group) Holdings. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in line with other large shareholders.
Owned by a private company
We can see that the private companies own 46% of the issued shares. It may be worth pursuing the question further. If related parties, such as insiders, have an interest in any of these private companies, this should be disclosed in the annual report. Private companies may also have a strategic interest in the business.
Public enterprise ownership
It seems to us that public companies own 9.4% of Aspen (Group) Holdings. It may be a strategic interest and the two companies may have related business interests. It could be that they defused. This exploitation probably merits further study.
I find it very interesting to see who exactly owns a company. But to really understand better, we have to take other information into account as well. To do this, you need to know the 3 warning signs we spotted with Aspen (Group) Holdings.
Sure this might not be the best stock to buy. So take a look at this free free list of interesting companies.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in the mentioned stocks.
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