LATEST UPDATE IBG HAS SOLD THEIR HOLDINGS OF TIGER. THUS THE BELOW PERSONAL VIEW DOES NOT STAND ANYMORE.
IBG Holding LLC also know as Interactive Brokers Group being the backer for Tiger during IPO is now the major shareholder over 50% suggesting that the initial backer are buying back ownership of this business.
Chances are
1. Upcoming ER is very positive as the business is turning around after 10 years and dividens might be in the horizon.
2. They are putting an end to shortist
3. They might takeover and privatisation of Tiger
Either way I believe the outlook likely to be on the upside in the near future.
Not forgetting the current inflated PE ratio will be easily corrected once earning increase.
Above is my personal view. Kindly practice due diligence when it comes to investing.
Modify on 2024-10-15 11:11
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