In our recent articles about Swedish vehicle inspection specialist Opus, we touched upon the strong growth prospects of the company and how unjustified the sluggish share price performance throughout 2015 has been.
Opus will report its full-year 2015 numbers on February 18th and is therefore currently in its black-out period. Insiders have aggressively accumulated shares just up until the start of the black-out period. In fact, diving into the insider transactions file for Opus, reveals an unambiguously positive picture. Since January 2015, 835,015 shares have been purchased by five different individuals, mainly members of the Board but also by the Head of Investor Relations. Not a single share sale has been registered. Opus’ management and leadership is sending a clear message.
At current levels, Opus has even become interesting from a dividend yield perspective. Assuming a 2015 dividend of SEK 0.15, Opus currently yields 2.8%. That’s a pretty good base level while waiting for the impact of the company’s continued global expansion, further acquisitions and the roll-out of its remote sensing technology.
Disclaimer: Nordic Investor owns shares in Opus