Paul Rogan Purchases Several Shares in Raiz Invest

March 10, 2025 03:30 PM AEDT | By Team Kalkine Media

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Paul Rogan Purchases Several Shares in Raiz Invest — Image source: Shutterstock

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Highlights

Raiz Invest (ASX:RZI) sees insider buying as a positive indicator.

Non-Executive Director Paul Rogan makes notable share purchase.

Insiders hold 6.6% of Raiz Invest ownership.

In a move that caught the attention of market observers, Paul Rogan, Non-Executive Director of Raiz Invest Limited (ASX:RZI), recently acquired shares worth AU$121k at AU$0.61 each. While not monumental by percentage or value, such an acquisition is generally seen as a positive marker of confidence in the company’s prospects.

The transaction by Rogan stands as the largest single share purchase by an insider at Raiz Invest over the past year, suggesting confidence in the company’s value, even when share prices were slightly higher than their current AU$0.56 mark. Insider buying, particularly above current market prices, often signals optimism about future potential.

Within the last year, Raiz Invest insiders have consistently bought shares without any recorded sell-off, maintaining an average purchase price of about AU$0.50. Insiders investing their own resources can be interpreted as a vote of confidence in their company. However, it’s observed that earlier purchases happened at rates significantly lower than today's share value.

Examining insider ownership, data indicates that insiders control 6.6% of Raiz Invest shares, valued at approximately AU$3.9 million. This level of insider ownership, while decent, leaves room for growth, hinting at a reasonable alignment of interests with common shareholders.

Despite the encouraging signs from insider purchases, Raiz Invest did report a loss over the previous year, which may introduce some caution. Nevertheless, the overall insider transaction history suggests a positive outlook for the company’s future.

For those keeping an eye out for potential investment opportunities, Raiz Invest is just one example among other small cap firms demonstrating similar insider buying patterns. Evaluating companies with high insider ownership could help in identifying aligned interests between insiders and shareholders.

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