If you want to know who really controls South Manganese Investment Limited (HKG:1091), then you'll have to look at the makeup of its share registry. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.
South Manganese Investment is not a large company by global standards. It has a market capitalization of HK$3.7b, which means it wouldn't have the attention of many institutional investors. In the chart below, we can see that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about South Manganese Investment.
What Does The Institutional Ownership Tell Us About South Manganese Investment?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
South Manganese Investment already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact...
Read Full Story: https://simplywall.st/stocks/hk/materials/hkg-1091/south-manganese-investment-shares/news/what-you-need-to-know-about-south-manganese-investment-limit
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