In May 2024, the Australian Securities Exchange (ASX) is experiencing a slight downturn, with most sectors showing declines except for materials. During such times, it is crucial to adopt cautious investment strategies. Stocks with high insider ownership can be particularly attractive as they often indicate a strong belief by management and major stakeholders in the company’s future prospects, which can be beneficial in navigating through current market conditions.
Here are the top 10 growth companies with high insider ownership in Australia:
1. Hartshead Resources (ASX:HHR) – Insider Ownership: 13.9%, Earnings Growth: 86.3%
2. Cettire (ASX:CTT) – Insider Ownership: 28.7%, Earnings Growth: 29.9%
3. Gratifii (ASX:GTI) – Insider Ownership: 15.6%, Earnings Growth: 112.4%
4. Acrux (ASX:ACR) – Insider Ownership: 14.6%, Earnings Growth: 115.3%
5. Doctor Care Anywhere Group (ASX:DOC) – Insider Ownership: 28.4%, Earnings Growth: 96.4%
6. Hillgrove Resources (ASX:HGO) – Insider Ownership: 10.4%, Earnings Growth: 45.4%
7. Alpha HPA (ASX:A4N) – Insider Ownership: 28.3%, Earnings Growth: 95.9%
8. Liontown Resources (ASX:LTR) – Insider Ownership: 16.4%, Earnings Growth: 63.9%
9. SiteMinder (ASX:SDR) – Insider Ownership: 11.4%, Earnings Growth: 69.4%
10. Plenti Group (ASX:PLT) – Insider Ownership: 12.6%, Earnings Growth: 68.5%
Emerald Resources NL:
– Insider Ownership: 18.5%
– Earnings Growth Forecast: 22.8% p.a.
Mineral Resources Limited:
– Insider Ownership: 11.6%
– Earnings Growth Forecast: 29.2% p.a.
Vulcan Steel Limited:
– Insider Ownership: 34.5%
– Earnings Growth Forecast: 27.1% p.a.
It is important to note that the article by Simply Wall St is based on historical data and analyst forecasts, using an unbiased methodology. It is not financial advice and does not take into account individual objectives or financial situations. The analysis focuses on fundamental data and may not include the latest company announcements. Simply Wall St has no position in any stocks mentioned. All forecast revenue and earnings growth rates are annualized over 1-3 years.