Author Topic: IBKR - Interactive Brokers  (Read 154976 times)

BMC34

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Re: IBKR - Interactive Brokers
« Reply #500 on: December 06, 2018, 10:11:25 AM »
It is available.  Write up published on 10/13/18.


fisch777

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Re: IBKR - Interactive Brokers
« Reply #501 on: January 15, 2019, 05:26:51 AM »
Wow just saw the Peterffy 10b5-1 plan.  Looks like will be selling ~8% of ADV (30 day) for longer than any of us will be alive.   I'm gonna go out on a limb and guess this creates a ceiling on the shares...

Jurgis

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Re: IBKR - Interactive Brokers
« Reply #502 on: January 15, 2019, 06:42:48 AM »
Wow just saw the Peterffy 10b5-1 plan.  Looks like will be selling ~8% of ADV (30 day) for longer than any of us will be alive.   I'm gonna go out on a limb and guess this creates a ceiling on the shares...

Yeah, I read this in Barron's:

Quote
"There is a lot of talk about this. People do not want to believe that I am not contemplating selling shares," he wrote in an email. "It occurs to me that if I create a plan to sell 20,000 shares every business day for the next 60 years or so, the issue will go away. So that is what I will do."

His logic made very little sense to me.  ::)

Edit: BTW, this is the guy who said something like this in the proxy or annual: "If you're not customer of IB, you should sell your shares to people who appreciate this company ...". Pot kettle?  ::)
« Last Edit: January 15, 2019, 06:49:02 AM by Jurgis »
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Jerry Capital

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Re: IBKR - Interactive Brokers
« Reply #503 on: January 15, 2019, 07:03:50 AM »
Naw you're missing the point.

This increases the float which has long been a overhang on the company. He owns something like 75% of shares outstanding. The guy is gonna die he is not calling pots certain colors like you infer, this is just part of his succession planning.

Seems likely this gets taken over in the next decade, and even if it doesn't its a wonderful business at a fair price.

bizaro86

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Re: IBKR - Interactive Brokers
« Reply #504 on: January 15, 2019, 09:33:53 AM »
It will create extra supply, but also creates more certainty around his intentions. That should reduce overhang on the stock a bit, or at least provide certainty around how much he is selling.

One thought - will the extra free float/liquidity eventually qualify them for any indices they aren't in right now? That could add meaningful share demand at some point if it's the case (on phone on vacation, can't really research...)

Peregrino

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Re: IBKR - Interactive Brokers
« Reply #505 on: January 15, 2019, 10:07:58 AM »
Missed the bigger news from last week that he will be stepping down at the end of Q3 2019 as CEO, retaining his Chairman role.

fisch777

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Re: IBKR - Interactive Brokers
« Reply #506 on: January 16, 2019, 05:51:40 AM »
I suppose it clarifies his intentions (vs. what exactly?), but it also is a slight "overhang" in a forced seller in the market every day for the next SIXTY years.   I don't blame him, but it is definitely a wild card in owning the shares going forward.

Libs

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Re: IBKR - Interactive Brokers
« Reply #507 on: January 31, 2019, 03:19:53 PM »
Sorry if I missed this in the thread, but why is he selling his shares at all?
My username is not a political statement.....and I'm too lazy to change it.

Spekulatius

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Re: IBKR - Interactive Brokers
« Reply #508 on: January 31, 2019, 03:21:54 PM »
Sorry if I missed this in the thread, but why is he selling his shares at all?

Cause he canít take them where he will be going eventually.
To be a realist, one has to believe in miracles.

MrB

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Re: IBKR - Interactive Brokers
« Reply #509 on: February 01, 2019, 07:30:18 AM »
Sorry if I missed this in the thread, but why is he selling his shares at all?

Cause he canít take them where he will be going eventually.
;D