Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Da wird mir zuviel über angenommene und gerechnete Umsätze und Multiple geredet.
Die harten Fakten sind aber auf der Kurstafel - und da geht es für Actua nunmal in die andere Richtung.
Aber das wird auch schöngeredet. Ist halt nur ein Institutioneller der aussteigt usw. usw. usw.. usw...  

ACTUA CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
June 30, 2017 December 31, 2016
ASSETS (unaudited)
Current assets
Cash and cash equivalents $ 68,903 $ 97,364

Quelle:
http://icge.ir.edgar-online.com/efxapi/EFX_dll/...TWS&ID=12221208  

kann man schließen, dass wenn man in den ersten 7,25 Monaten 2,2 Millionen Aktien zurückgekauft hat, das im Monatschnitt ca. 303.000 Aktien waren.

Year-to-date, repurchased close to 2.2 million shares of Actua stock for approximately $30 million.
http://www.actua.com/wp-content/uploads/2017/08/...s_Slides-FINAL.pdf

Danach könnten das bis heute seit dem 8. August ca. weitere 380.000 Aktien Rückkäufe sein und bis zum Jahresende könnten das seit dem 8. August noch einmal weitere 1,45 Millionen Aktien an Rückkäufen sein, so dass wir am Jahresende bei Rückkäufen zwischen 3,5 und 3,7 Millionen in 2017 landen würden.
 

von insgesamt 30 Millionen für die beiden Venture-Beteiligungen Instamed und Parchment kann ich nachvollziehen und übernehme sie:

... (automatisch gekürzt) ...

https://seekingalpha.com/article/...rowing-saas-business-point-upside

 

wäre kann man sich leicht vorstellen. Nasdaq Kursanstieg müsste auch stützen. Libuda postings müssten stützen. Warum geht der Kurs dann runter ?  

der 3 Core-Beteiligungen VelocityEHS, Foliodynamix und Bolt  kämen dann noch die 30 Millionen der zwei Venture-Beteiligungen Instamed und Parchment  = 666 Millionen.  

Einschätzung auf Seeking Alpha

Anthem Ventures Fund, L.P. - Estimated Value of Company's Ownership: $10 million

https://seekingalpha.com/article/...rowing-saas-business-point-upside

Denn ich halte die Beteiligung von 9% an Amthem Venture für wesentlich wertvoller, wie allein schon diese wenige Zeilen aus dem letzten 10-Q-Report von Actua zeigen, wo Anthem Venture allein im ersten Hlabjahr 2017 3,7 Millionen an Actua ausschüttet:

During the three and six months ended June 30, 2017 , Actua received distributions in cash and stock related to its partnership investment in Anthem Venture Partners ("Anthem"), a cost method business that resulted in total proceeds of $2.7 million and $3.7 million , respectively. Actua had no remaining basis in Anthem; therefore, a gain was recognized in those amounts for the respective periods.

http://icge.ir.edgar-online.com/efxapi/EFX_dll/...uUv&ID=12221208
 

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Summary
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Statistics
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1d5d1m6mYTD1y5yMax
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Previous Close
12.100
Open
12.00
Bid
12.20 x 900
Ask
12.25 x 700
Day's Range
12.000 - 12.500
52 Week Range
für Rückkäufe wieder okay.

10.10 - 15.28
Volume
159,102
Avg. Volume
115,963
Market Cap
371.947M
Beta
1.85
PE Ratio (TTM)
5.13
EPS (TTM)
2.37
Earnings Date
‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield
N/A (N/A)
Ex-Dividend Date
N/A
1y Target Est
16.67
Trade prices are not sourced from all markets  

Denn ich gehe davon aus, dass das Portfolio von Anthem Venture einen Wert zwischen 500 Millionen und einer Milliarde hat:

http://anthemvp.com/company_type/active/

Und dann würde der Wert einer Beteiligung von 9% von Actua an Anthem Venture  zwischen 45 und 90 Millionen liegen.  

aber die Gefahr eines Dip-Down  ist nachwievor immanent.  

https://www.crunchbase.com/organization/...nture-partners/investments  

According to the complaint, it is currently valued at more than $1 billion and is projected to grow seven-fold in the next five years and will be worth multiple billions of dollars. Surf Air operates throughout California and is soon expanding around the country and internationally.

https://www.bloomberg.com/research/stocks/private/...?privcapId=18821
 

erreicht haben oder auf  nicht weit davon entfernt sein.

https://www.statista.com/statistics/605039/...number-books-published/  

dass es hier neben Anthem Venture nur einen weiteren Eigenkapitalgeber gibt:

Funding Rounds (6) - $24.05M
UPDATE
      Date§Amount / Round Valuation Lead Investor Investors
Jul, 2014 undisclosed amount / Debt Financing
         —         —     1
§
Oct, 2008 $2.5M / Debt Financing
         —         —     1
§
Oct, 2008 $5M / Series C
         —§Anthem Venture Partners
Canaan Partners
2

Jan, 2007 $2.5M / Debt Financing
         —         —     1
§
Oct, 2006 $12M / Series B
         —§Anthem Venture Partners
Canaan Partners
2

May, 2005 $2.05M / Series A
         —§Anthem Venture Partners
Canaan Partners
2

Investors (4)

https://www.crunchbase.com/organization/blurb#/entity
 

dass Blurb für einen Dollar Wert bei Actua steht.

Selbst wenn Anthem Venture als einer der zwei Eigenkapitalgeber nur 30% an einem Unicorn hält, sind das 300 Millionen. Und die 9% von Actua wräen dann 27 Millionen - und damit bei bald weniger als 30 Millionen ausstehenden Aktien etwa ein Dollar pro Actua-Aktie.  

Velocity wieder zu beleben:

Oakville, Ontario
Positions Currently Available
         •§Software Developers - Oakville ON
         •§Sales Consultant - Oakville ON
         •§EH&S Implementation Consultant - Oakville ON

Chicago, Illinois
Positions Currently Available
         •§HR Generalist
         •§Business Product Analyst
         •§Payroll Processing Accountant
         •§Helpdesk Intern
         •§Staff Accountant
         •§Client Onboarding Specialist 1
         •§Sales Associate

https://www.ehs.com/about-us/careers/open-positions/
 

21st-Century Safety Solutions
New cloud-based software eases the burden of safety training
By Matt Airhart | September 05, 2017

Ensuring your lab employees have met their required training obligations and are in compliance with hazard communication (HazCom) standards places a lot of responsibility on your shoulders. Fortunately, new technology is available to ease the burden.

Cloud-based software makes it easy to install a solution without the need for IT involvement or long and expensive implementations. Now, lab supervisors and chemical hygiene officers responsible for environment, health, and safety (EHS) have a host of available options for managing safety training and critical chemical hazard information in ways that are faster, easier, and more affordable than traditional paper-based methods. More efficient software systems enable lab workers to stay current on training with less disruption to productivity, can provide simpler access to safety data sheets (SDSs), and reduce the burden of tracking and reporting on EHS activities.

http://www.labmanager.com/lab-health-and-safety/...tions#.WcJEGrpuIdW
 

September 19, 2017
Arm Your Captive Agent Force with Product Choice
digital capacity and greater product choice as their share of premiums continues to decline.[i] Lacking the products and tools they need to compete with digitally-superior insurers, it’s a tough go for many captives in today’s market, but it could be a lot easier with the right capabilities and offerings.

http://blog.boltinc.com/...ur-captive-agent-force-with-product-choice
 

According to PwC, the answer lies in the cloud.[v] SaaS-based digital distribution platforms simply and easily overcome the challenges of aging infrastructure and support consumers’ expectations for always available access as well as agent needs for contemporary products.

Quelle: siehe letztes Posting  

meines Erachtens auf dem Weg zum Unicorn.

Scopely is the leading free-to-play interactive entertainment network. With a network of more than 125 million users and nine consecutive #1 titles including Walking Dead: Road To Survival, YAHTZEE! With Buddies, and Wheel of Fortune Free Play, Scopely has built the central monetization and distribution platform to publish genre-defining hit games for casual and core gamers, working with the some of the best development partners in the world. Scopely’s success is fueled by market leading skills in game design, live services, marketing, analytics, business development, ads and more from top gaming and entertainment talent. In July 2016, Scopely closed a Series B funding round of $55 million to scale the business and execute on the company’s catalog of mobile game titles across original and globally celebrated entertainment properties. In December 2015, Deloitte named Scopely the #2 fastest-growing technology company in North America.

http://www.businesswire.com/news/home/...illion-Led-Revolution-Growth
 

How to unlock the true potential of product bundling? Think digital

The goal of achieving strategic bundling hinges on insurers’ building their advisory capabilities and customizing coverage and products based on a customer’s risk portfolio. The core building blocks of coverage and pricing will not change – but the superstructure could be anything from a chapel to a cathedral, based on a customer’s risk profile.

Cutting-edge technical capabilities such as mobile communications, sophisticated analytical tools and so-called “big data” are among the options insurers can tap to build their customization and advisory capabilities. Extensive use of external data (e.g., credit scores and medical data) as well as internal data (e.g., loan delinquency rates) along with analytics will help insurers predict a customer’s risk portfolio with fair accuracy. Strategic bundling from a risk portfolio management perspective also requires customers to share personal information outright. Customers, especially millennials, seem willing to their share personal information in return for personal advice. This offers the potential for insurers to accelerate strategic product bundling.

Insurers can thus capitalize on customers’ need for advice-based risk portfolio management leveraging leading-edge technology to deliver what customers want. Insurers that show agility and speed in building these capabilities can succeed in achieving strategic bundling – and attain the coveted status of a preferred risk portfolio manager.

https://www.the-digital-insurer.com/...product-bundling-in-insurance/
 

Ableger von Foliodynamix:

http://fdxadvisors.com/advantages-unified-managed-accounts-etfs/  

und m. E. nicht fundamental begründet.
Nach Test der 12$ hat sich an der Marke ein Doppeltief ausgebildet. Es spricht jetzt vieles für ein Anlaufen des Widerstandsbereichs bei 14$.  

Neue Duftmarke: More than 13,000 customers worldwide
VelocityEHS is the leading global provider of cloud-based environment, health and safety (EHS) software. Its comprehensive software platform and innovative mobile solutions aim to make enterprise-level EHS functionality accessible and affordable to businesses of all sizes, helping them solve complex compliance and regulatory challenges in simple ways. Today, more than 13,000 customers worldwide, from virtually every industry, trust VelocityEHS and its solutions to improve EHS performance. Recognized by the industry’s top independent analysts, including leading scores in the Verdantix 2017 Green Quadrant Analysis and 2017 NAEM EHS & Sustainability Software Ratings Report, VelocityEHS helps customers reach their EHS goals faster with quick implementations, affordable solutions and unparalleled customer support. VelocityEHS is headquartered in Chicago, Illinois with locations in Canada, the UK and Australia.

https://www.ehs.com/2017/09/...national-safety-council-congress-expo/
 

    Volume   128,184§
Avg. Volume 116,454
Market Cap 376.54M
https://finance.yahoo.com/quote/ACTA?p=ACTA