【p.o.d. veritas review】Do Directors Own Bitros Holding S.A. (ATH:MPITR) Shares?

If you want to know who really controls Bitros Holding S.A. (

ATH:MPITR

),p.o.d. veritas review then you’ll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. I quite like to see at least a little bit of insider ownership. As Charlie Munger said ‘Show me the incentive and I will show you the outcome.’

Bitros Holding is a smaller company with a market capitalization of €2.2m, so it may still be flying under the radar of many institutional investors. In the chart below below, we can see that institutions don’t own shares in the company. Let’s take a closer look to see what the different types of shareholder can tell us about MPITR.

View our latest analysis for Bitros Holding

ATSE:MPITR Ownership Summary January 2nd 19

What Does The Lack Of Institutional Ownership Tell Us About Bitros Holding?

Institutional investors often avoid companies that are too small, too illiquid or too risky for their tastes. But it’s unusual to see larger companies without any institutional investors.

There are multiple explanations for why institutions don’t own a stock. The most common is that the company is too small relative to fund under management, so the institition does not bother to look closely at the company. It is also possible that fund managers don’t own the stock because they aren’t convinced it will perform well. Bitros Holding might not have the sort of past performance institutions are looking for, or perhaps they simply have not studied the business closely.

ATSE:MPITR Income Statement Export January 2nd 19

We note that hedge funds don’t have a meaningful investment in Bitros Holding. Our information suggests that there isn’t any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Bitros Holding

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that insiders own more than half of Bitros Holding S.A.. This gives them effective control of the company. That means they own €1.6m worth of shares in the €2.2m company. That’s quite meaningful. Most would be pleased to see the board is investing alongside them. You may wish to

discover

(for free)

if they have been buying or selling.

Story continues

General Public Ownership

With a 21% ownership, the general public have some degree of sway over MPITR. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

We can see that Private Companies own 7.7%, of the shares on issue. It’s hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.

I like to dive deeper

into how a company has performed in the past. You can find

historic revenue and earnings in this

detailed graph

.

Of course

this may not be the best stock to buy

. So take a peek at this

free

free

list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at

[email protected]

.

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