Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

wenn jemand Falsches postet - über die Gründe könnt Ihr sicher nachdenken, inbersondere wenn der Handel in Deutschland seit einiger Zeit unübliche Volumina aufweist.

http://www.investopedia.com/ask/answers/08/blackout-period.asp

Ihr werdet jetzt sicher fragen, ob Actua seine Rückkaufspolitik geändert hat und daher warten muss. Wer in diesem Thread schon länger mitliest, weiss, dass Acuta ein schon sehr lange laufendes Rückkauforogramm hat, das vor ca. zwei Jahren sogar noch massiv aufgestockt wurde, als man auf Bergen von Cash saß und das noch sehr viel Raum auch für sehr höhe Rückkäufe bietet.  

Market-Cap of Salesforce is about 1,149% of the Book-Value of Salesforve – the 14.4-fold of the 80% of Actua
.

Even though of big non-cash goodwill impairment charges the Total Equity of Actua is with 357.97 million a lot higher than the idiotic low market-cap of 287 million of Actua today: The market-capof Actua is only 80% of the book-value.

Market-Cap of Salesforce = 45.68B
Balance Sheet of Salesforce (CRM) -NYSE
All numbers in thousands
Period Ending Jan 31, 2015 Jan 31, 2014 Jan 31, 2013
Total Stockholder Equity 3,975,183 3,038,510 2,317,633
 

schon die erste halbe Million der geplanten 3,3 Million für 2016 zurückgekauft worden sein:

Prices
      Date      Open      High       Low     Close    Volume§Adj Close*
Mar 2, 2016 7.88 8.90 7.88 8.40 105,300 8.40
Mar 1, 2016 8.10 8.11 7.59 7.92 208,900 7.92
Jan 28, 2016 9.36 9.47 9.00 9.04 106,100 9.04
Jan 27, 2016 9.46 9.61 9.22 9.24 100,100 9.24
Jan 26, 2016 9.36 9.65 9.16 9.55 55,400 9.55
Jan 25, 2016 9.70 9.97 9.30 9.32 60,300 9.32
Jan 22, 2016 9.56 9.75 8.90 9.73 63,300 9.73
Jan 21, 2016 9.46 9.68 9.18 9.36 79,500 9.36
Jan 20, 2016 9.03 9.57 8.76 9.42 125,400 9.42
Jan 19, 2016 9.38 9.40 8.96 9.16 141,500 9.16
Jan 15, 2016 9.47 9.68 8.90 9.23 90,300 9.23
Jan 14, 2016 9.57 9.99 9.40 9.76 87,700 9.76
Jan 13, 2016 10.07 10.25 9.43 9.48 90,900 9.48
Jan 12, 2016 10.17 10.43 9.89 10.02 94,200 10.02
Jan 11, 2016 9.88 10.13 9.86 10.07 123,800 10.07
Jan 8, 2016 10.01 10.26 9.80 9.84 93,400 9.84
Jan 7, 2016 10.60 10.64 9.87 9.95 182,500 9.95
Jan 6, 2016 10.80 11.00 10.68 10.80 88,800 10.80
Jan 5, 2016 10.97 11.17 10.69 11.04 74,000 11.04
Jan 4, 2016 11.25 11.43 10.90 10.96 120,500 10.96
 

Market-Cap of ServiceNow is 1,600% of the Book-Value of ServicNow – the 20-fold of the 80% of Actua.

Even though of big non-cash goodwill impairment charges the Total Equity of Actua is with 357.97 million a lot higher than the idiotic low market-cap of 287 million of Actua today: The market-capof Actua is only 80% of the book-value.

Market-Cap of ServiceNow is 1,600% of the Book-Value of ServicNow – the 20-fold of the 80% of Actua.

ServiceNow, Inc. (NOW) - Balance Sheet
Quarterly Data All numbers in thousands
Period Ending Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Total Stockholder Equity 516,934 463,113 454,910 428,675
 

http://finance.yahoo.com/mbview/threadview/...&tls=la%2Cd%2C0%2C3  

Dafür hätten 25% des Volumens Rückkäufe sein müssen.  

to take advantage of significant opportunities that they have in front of them. We focused on building out our technology platforms, building out our management team, and building out our go-to-market capabilities to accelerate revenue growth and improve customer acquisition cost. We are beginning to see the fruits of these investments, especially at GovDelivery and Velocity.


Quelle. Letzter Conference Call
 

Actua Corporation






NLS Time (ET)

NLS Price

NLS Share Volume


16:00:01 $ 8.44   183
16:00:01  $ 8.44   2
16:00:01 $ 8.44   500
16:00:01  $ 8.44   381
16:00:01 $ 8.44   1,710
16:00:01  $ 8.44   100
16:00:01 $ 8.44   122
16:00:01  $ 8.44   472
16:00:01 $ 8.44   61
16:00:01  $ 8.44   1,552
16:00:01 $ 8.44   800
16:00:01  $ 8.44   400
16:00:01 $ 8.44   2,691
16:00:01  $ 8.44   700
16:00:01 $ 8.44   1,071
16:00:01  $ 8.44   54
16:00:01 $ 8.44   4
16:00:01  $ 8.44   300
16:00:01 $ 8.44   2,734
16:00:01  $ 8.44   253
16:00:01 $ 8.44   9
16:00:01  $ 8.44   72
16:00:01 $ 8.44   700
16:00:01  $ 8.44   164
16:00:01 $ 8.44   100
16:00:01  $ 8.44   200
16:00:01 $ 8.44   178
16:00:01  $ 8.44   617
16:00:01 $ 8.44   89
16:00:01  $ 8.44   169
16:00:01 $ 8.44   32
16:00:01  $ 8.44   200
15:59:59 $ 8.45   200
15:59:59  $ 8.45   180
15:59:58 $ 8.45   200
15:59:58  $ 8.45   197
15:59:57 $ 8.45   111
15:59:57  $ 8.45   100
15:59:55 $ 8.44   142
15:59:55  $ 8.44   143
15:59:54 $ 8.43   100
15:59:54  $ 8.44   100
15:59:54 $ 8.4399   174
15:59:42  $ 8.435   200
15:59:41 $ 8.43   130
15:59:39  $ 8.44   110
15:59:37 $ 8.435   100
15:59:36  $ 8.44   164
15:59:35 $ 8.43   100
15:59:28  $ 8.435   100


Read more: http://www.nasdaq.com/symbol/acta/time-sales#ixzz41sNc75kH
 

http://www.nasdaq.com/symbol/acta/recommendations  

However, the most significant development of the year was the operating leverage we saw across the Board highlighted by improving cash flow from operations. Cash flow from operations improved by over $13 million during the year from a loss of roughly $14 million in 2014, to essentially breakeven in 2015. This highlights the long-term earnings potential of our model.

Quelle: Last Conference Call  

We feel the building blocks are in place to see accelerating growth during the year, while generating positive operating cash flow


Overall, as I stated at the outset, we're encouraged by our performance in 2015, particularly regarding the strong operating leverage we saw across the actual platform. We feel the building blocks are in place to see accelerating growth during the year, while generating positive operating cash flow, and we believe that our progress in these fronts will be a catalyst to unlock the value that we're building at Actua.

Quelle: Letzter Conferenbe Call
 

meines Erachtens schon wieder, da die folgenden Trades zu den Ankaufspreisen des Market-Makters zustande kamen:


Times & Sales: Tradegate


Zeit


Kurs  Stück  
10:50:25  7,622 €  
400  

09:26:59  7,627 €  
47  

08:54:42  7,633 €

Und daher wird die Aktie inzwischen auch auf Boards gelobt, wo man vorher das Gegenteil lesen konnte.
10
 

kann man problemlos wahrnehmen, dass der operative Cash Flow - selbst bei dem extrem vorsichtig formuliertem Guidance - nicht erst in 2017 positiv wird, sondern schon in 2016:

"We expect positive annual Non-GAAP cash flow from operations in the range of between $3.0 million and $8.0 million."

http://finance.yahoo.com/news/...s-fourth-quarter-full-213000751.html
 

Aufschneidern irritieren lassen, die jetzt in bestimmten Threads das Stichwortverzeichnis des Wirtschaftslehrebuchs ihrer großen Schwester abarbeiten und mit Schwachsinnsbegriffen wie "Free Cash Flow" hantieren, der im Zusammenhang mit Acuta momentan einen gegen Null tendierenden Aussagewert hat.

Für die Beurteilung der Ertragskraft eines Unternehmens im Stadium, in dem sich Actua momentan befindet, ist der operative Cash Flow und vor allem auch sein voraussichtliches Wachstum, womit ja Actua so glänzt, die entscheidende Größe für eine auf fundamentale Faktoren gestützte Aussage über die Preiswürdigkeit einer Aktie.  

der vier Kernbeteiligungen, selbst wenn ich damals - wie sicher noch einige wissen - gegen die Bewertung mit 200 Millionen beim Kauf mit dem 6-fachen Umsatz gewettert habe.

FolioDynamix offers wealth service providers and investment advisors the most comprehensive, truly unified web-based wealth management technology platform for managing the full wealth management lifecycle across all account types, including unified managed account (UMA) and unified managed household (UMH) programs.

FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and service providers with leading-edge wealth management technology to attract and retain top advisors, accelerate client acquisition and gain visibility into all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. The technology is complemented by institutional-quality research and advisory services from FDx Advisors, FolioDynamix’ registered investment advisor affiliate.

 

Actua Corp (NASDAQ:ACTA) “Outperform” Rating Reaffirmed by Northland Capital; With $18.00 Target

Read more: http://www.octafinance.com/...with-18-00-target/370830/#ixzz41wkOcyMM
 

http://www.hilltopmhc.com/actua-corp-acta-pt-lowered-to-18-00/  

THE FOLIODYNAMIX DIFFERENCE
The FolioDynamix wealth management platform is truly unified – enabling you and your advisors to manage all customer accounts, advisory program types and multi-custodial connectivity on a single technology backbone through a single secure-cloud dashboard.

CONFIGURABLE WEALTH MANAGEMENT SOLUTIONS
FolioDynamix is unique in its modular, software-as-a-service (SaaS) approach – allowing your wealth management business to address its top priorities with the right mix of integrated cloud technology, investment research and advisory programs at the pace that is right for you and fits your unique value prop.

WHO WE HELP
FolioDynamix provides registered investment advisors, banks, broker dealers and custodians with leading-edge wealth management technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth.
 

“FolioDynamix disrupted the wealth management industry with its introduction of a truly unified wealth management technology platform that enables the entire wealth management lifecycle,”wealth management technology market, and I am excited to help the firm take it to the next level. As a past client of FolioDynamix at Cetera and Pershing, I understand the true power the platform has to enable wealth management firms. That innovation has propelled the company into the number two position in the become more efficient, empower advisors and compete more effectively. I look forward to driving continued product innovation, implementing programs to drive client success and transforming how wealth management firms do business.”

Source: actua.com  

Foliodynamix: Revenues of 35 million with positive earnings and cash flow.

September 16th, 2014
Actua to Acquire FolioDynamix- A note from Walter Buckley
Growing over 40% for each of the last two years, FolioDynamix brings to Actua a current net revenue run rate of over $30 million (approximately $50 million on a gross revenue basis) with positive earnings and cash flow.
Source: actua.

Additional we know the growth-rate in 2015 from the last presentation: Foliodynamix: Revenue Growth 15% in Q3 2015 compared to Q3 2014 and a Multi-billion $$ Total Addressing Market

Enables the delivery of client-centric, innovative, scalable,
wealth management solutions through secure, cloud-based,
fully integrated, advisory products and services
Important Metrics:*
• Revenue Growth: 15% in Q3 2015 compared to Q3 2014 Less

The growth of 15% is not excellent, but the CEO said on the last Conference Call that Foliodynamix will come back to the range of 20%-25% again in 2016  

http://www.foliodynamix.com/jp-nicols-qa-with-foliodynamix-part-ii/  

http://www.foliodynamix.com/jp-nicols-qa-with-foliodynamix-part-i/  

http://finance.yahoo.com/mbview/threadview/...&tls=la%2Cd%2C0%2C3  

Envestnet der Platzhirsch in dem Markt in dem sich auch Folio tummelt wächst in 2015 stärker als Folio und macht mehr Umsatz als Actua. Jetzt haben die auch noch Yodlee gekauft und werden in 2016 erst so richtig loslegen. Globale Aufstellung, Großbanken als Kunden und anerkannte Data-Insights. Weder hat Folio die nötige Größe, noch wird Actua nochmal 100 Millionen reinstecken, um den Totalverlust abzuwenden.The winner Envestnet takes it all.  

warum in diesem Bereich ein Netzwerkeffekt existieren soll. Dieser Effekt, dass sich der Nutzen eines Netzwerks erhöht, wenn die Anzahl der Teilnehmer wächst, ist hier bis auf eine vielleicht mögliche Kostendegression, die irgendwann an Grenzen stößt nicht erkennbar.

Das ist aber im Bereich der Hilfestellung und Präsentation der Vermögensverwaltung absolut nicht erkennbar. Dass da aus Kostengründen eine gewisse Größe notwendig ist, ist nicht zu bestreiten - aber Netzwerkeffekte sind nicht erkennbar, eher das Gegenteil, um sich von anderen zu unterscheiden.