Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

VelocityEHS Improves Industry’s Best EHS Mobile Experience with Launch of New Mobile Application
Posted on Tuesday, October 25 at 12:44pm in EHS Solutions, Press Releases, VelocityEHS News by butleymarin

https://www.ehs.com/2016/10/...with-launch-of-new-mobile-application/
 

https://www.ehs.com/solutions/mobile/  

November 2nd, 2016
FolioDynamix Announces Acquisition of Summit Advisor Solutions
Institutional-grade trading and rebalancing solutions now paired with advisor-friendly interface and expert operational support for RIAs of any size  
NEW YORK, NY – November 2, 2016 – FolioDynamix, a leading provider of wealth management technology and advisory services, today announced the acquisition of the assets of Summit Advisor Solutions (“SAS”), a Dallas-based firm focused on providing advisory services in the RIA market. SAS will transition its technology and advisors over to the FolioDynamix platform under the firm’s “FDX Complete” offering, which is an out-of-the-box advisory and technology solution for RIAs of any size. The move is a clear signal that FolioDynamix is committed to continued investment in growing the business organically, as well as through both strategic partnerships and acquisition. The pairing of the SAS advisor-friendly front end with the FolioDynamix enterprise chassis results in a state-of-the-art, comprehensive digital solution for the RIA marketplace.
http://www.actua.com/...nounces-acquisition-summit-advisor-solutions/
 

https://www.linkedin.com/company/summitadvisorsolutions  

http://globenewswire.com/news-release/2016/11/03/...cial-Results.html
 

Blick schwer zu beurteilen.

Zumindestt der Markt wird wohl zumindest mit leichten Kurssteigerungen reagieren.

Für mich liegen allerdings die Umsätze der drei verbliebenen Core's in meinem unteren Erwatungsbereich.  

"Expects to commence a modified “Dutch auction” tender offer for up to $80 million of its common stock at a price per share not less than $12.00 and not greater than $14.00 on or about November 7, 2016.  The tender offer would remain open for at least 20 business days.  For details regarding the tender offer, please see the information on the tender offer located in the Investors section of the Actua website at www.actua.com."

Quelle: siehe 8205  

http://www.actua.com/...auction-tender-offer-80-million-common-stock/  

13,65 2,05 (17,67 %)
Pre-Market: 8:24 AM EDT
http://finance.yahoo.com/quote/ACTA?p=ACTA

Ovwohk mir ausnahmsweis einmal den kompletten Novermber hindurch zu hohe Kurse auch nicht behageb, da dann schon weniger Aktien den Kückkaufbetrag von 89 Millionen ergeben.
 

http://www.handelsblatt.com/politik/international/...n/7469348-2.html  

erwartet, so voll die Pipeline auch ist und die Aussichten vielversprechend sind. Damit heißt es hier wohl: eine weiteres Quartal warten, um die Chancen des Geschäftsmodells genauer bewerten zu können.

Provides a multi-channel, multi-carrier software platform that enables insurance distributors to retain and grow revenue through a comprehensive insurance solution
Important metrics:*
• Revenue Growth: 4% in Q3 2016 compared to Q3 2015
• Bookings: Added $1.4 million of ARR from an existing customer, bringing YTD ARR bookings to approximately $4.5 million compared to low 6-figures in the prior-year period
• Pipeline: Entered the quarter with 15 opportunities, closed 1 and added 3 in the quarter
• Users on the platform increased from 59,700 at the beginning of the quarter to 69,400 at quarter end
• Annualized opportunities of qualified risk going through the platform climbed to 3.3 million
• Total premiums on the platform are $1.5 billion
• Competitive Moat: Platform is integrated into 100 of the largest insurance carriers and has 5,543 carrier connections, creating the largest source of insurance flow for direct carriers, agents, agencies and alternative insurance distributors
• Multi-year/multi-million dollar contracts

* As of 9/30/16 unless otherwise noted
http://www.actua.com/wp-content/uploads/2016/11/...6-slides-FINAL.pdf
 

Indikator scheint das Management vom Erfolg bei Bolt überzeugt zu sein, zumindest einem der den Kurs über 14 bringt - denn sonst wäre das Vorgehen bei den Rückkäufen nicht im Sinne der Anteilseigner, zu denen ja auch der CEO und der President mit erheblichen Stückzahlen gehören.  

QUESTIONS AND ANSWERS Operator (Operator Instructions) Kurt Maddern, Evercor ISI.

Kurt Maddern - Evercor ISI - Analyst Kirk, you could run through how some of the acceleration in bookings is going to translate into invoicing and booking in the second half? Are you starting to bill some of the new bulk customers or is this something where the invoicing will take place October or November, so you won't see the benefit from a differed and/or a revenue perspective until the fourth quarter? I'm just trying to get a little bit more color on the shape of the back half of the year from a revenue and cash flow perspective.

Kirk Morgan - Actua - CFO Most of the cash associated with the BOLT bookings would be probably more in Q4 than it would in Q3. Some of it will be reflected in Q3. But given how strong historically our Q4 has been I think across the board, most of the bookings progress that we see will result in our Q4 operating cash flow being very positive.

http://www.actua.com/wp-content/uploads/2016/08/...04T14_00-FINAL.pdf
 

http://www.nasdaq.com/symbol/acta/short-interest  

die nicht Bestandteil der obigen Zahlen sind, denn niemand deklariert einen Verkauf als nicht gedeckt, wenn das ein Straftatbestand ist.  

haben, wie ich das Posting vom Nachbarthread interpreiere. Falls es so sein sollte:  Herzlichen Glückwunsch!

simplify: Libuda als Weihnachtsmann

14:55
#305  
Ist ja erfreulich, nur in meinem Depot sehe ich nich nichts. Die Regionalbörsen taxen da nichts  

http://www.wealthmanagement.com/technology/robo-advice-best-advice  

Name Shares Date Reported
BUCKLEY WALTER W III 1,226,899 ‎Mar‎ ‎4‎, ‎2016
ALEXANDER DOUGLAS A 1,364,544 ‎Mar‎ ‎4‎, ‎2016
finance.yahoo.com/quote/ACTA/holders?p=ACTA

Ds sind immerhin 31 Millionen, die die beiden "im Feuer" iliegen haben.

 

mehr stehen als die mageren 7% Wachstum - vor dem Kauf durch Actua war die Wachstumsrate schließlich sehr viel höher. Die durch die Eingliederung in Actua offensichtlich entstandenen Reibungsflächen sollten sich langsam abschleifen. Allerdings gibt es hier bei mir keinerlei Zweifel am Geschäftsmodell, zumal ja auch in 2016 mit einem positiven Cash Flow gearbeitet wurde.

FolioDynamix
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: 7% in Q3 2016 compared to Q3 2015
• Bookings: $6.6 million since the end of Q2, adding approximately $1.2 million in new ARR going into next year
• New Signings: Signed 5 new customers since Q2, including HD Vest, a Blucora company, which is a 6-year, multi-million dollar contract
• Announced the acquisition of Summit Advisor Solutions (SAS), a Dallas-based firm focused on providing advisory services to the independent RIA market
• Pipeline: The pipeline for new deals and upsells continues to build nicely, particularly with the acquisition of SAS which brings a number of new opportunities in the independent RIA market
• Competitive Moat: Comprehensive, client-centric technology platform with integrated proprietary advisory products; the 8.0 release added significant enhancements to the user interface and additional capabilities such as e-signature, customer portals, and a new modular architecture
• Operating cash flow positive for 2016
• Multi-year/multi-million dollar contracts
• $5.5 billion in regulatory assets under management and the acquisition of SAS is expected to add an additional $1 billion in regulatory assets under management

*As of 9/30/16 unless otherwise noted

http://www.actua.com/wp-content/uploads/2016/11/...6-slides-FINAL.pdf
 

"Steve Dunlap, president and COO of FolioDynamix, said that while technology will be necessary to achieve the sort of scale needed to survive under the DOL, it cannot replace a human being or give that advisor air cover for fiduciary scrutiny.

“A lot of people have said robo is the hot new thing … so they rush out and sign a deal with a robo advisor and bolt it onto the side,” Dunlap said. “If it’s not an extension of your core abilities, those customers are going to be gone.”

As more and more asset management firms buy or build their own robo platforms, either for advisors or for DIY investors, there’s also the question of the firms utilizing the automated products to sell their own products. For example, Schwab’s Intelligent Portfolios, as well as its for-advisors product, Institutional Intelligent Portfolios (IIP), automatically direct investors towards investment models using Schwab products. This could create a conflict of interest both for Schwab and for an advisor custodied with Schwab using IIP to serve clients.

Schwab declined requests for an interview. Seth Rosenbloom, the associate general counsel of Betterment which creates a competing institutional service "Betterment for Advisors", would not comment on a specific company’s business model, but he expects to see changes from those offering proprietary products."  

Yesterday the company announced its acquisition of Summit Advisor Solutions, or SAS. SAS specializes in RIA-specific technology, advisory consulting, and overlay management capabilities, as well as access to third-party managers, and their own portfolios. This acquisition will offer Folio's independent RIA customers an improved advisor interface, a best-in-class execution desk, and better operational support. SAS brings $4 million in annual revenue, a good customer base, and strong pipeline within the independent RIA advisory space. We are paying approximately 1.5 times revenue for SAS, and we may pay additional consideration through an earn-out, which if achieved will be a win-win for all parties. Finally, this acquisition fills out our FDx Complete solution with a strong digital multi-custodial product.

http://seekingalpha.com/article/...ts-earnings-call-transcript?page=2
 

"Our top priory this time is to lessen the discount we continue to see in our stock. And with over $170 million on our balance sheet, we believe we are well positioned to achieve this objective by continuing to build our three SAS businesses, while aggressively repurchasing our shares."

http://seekingalpha.com/article/...ts-earnings-call-transcript?page=3
 

der CEO ist, ausgerechnet  jetzt die Unterbewertung angehen will, ist mir auch nicht klar.

Denn er hätte schon längst mehr viel billiger zurückkaufen können und mit etwas Geduld hätte er zumindest für einen Teil der 80 Millionen Dollar zu einem niedrigeren Preis als in der jetzigen Spanne zwischen 12 und 14 zurückkaufen können.

Denkbar ist aber, dass ihm die Fidelities, die 15% halten, und/oder andere Instis auf die Finger geklopft haben - aber andererseits liegt die kurzfristige Gewinnmaximierung nicht in ihrem Interesse.

Oder ist vielleicht Bolt doch die Rakete und er will vor einem Sich-Manifestieren auch in härteren Zahlen die Aktienzahl noch schnell reduzieren?

Oder er und sein Management-Kumpel wollen aussteigen und hätten dafür gern höhere Kurse?
                                                                                                                             

Posting noch vergessen: Auch VelocityEHS ist eigentlich absolut verkaufsreif.

 

verstehen, dass es nicht Actua war, das bei der Minderheitsbeteiligung Instamed die 50 Millionen zur Verfügung gestellt hat.

PHILADELPHIA, PA and NEWPORT BEACH, CA (September 26, 2016) – InstaMed, healthcare’s most trusted payments network, today announced a $50 million investment from Carrick Capital Partners, an investment firm jointly based in Newport Beach and San Francisco, CA that focuses on technology-enabled businesses including SaaS, BPO and Transaction Processing.
The investment will be used to drive the growth of the InstaMed Network, accelerate go-to-market strategy and drive further innovation in healthcare payments technology. InstaMed’s solutions enable providers and payers to manage all of their healthcare payments on a single platform, integrated into any healthcare IT system. As consumer healthcare payment responsibility continues to soar, InstaMed’s innovative solutions offer ways for providers and payers to address the demands of consumerism while maintaining the highest levels of security and compliance.

http://www.instamed.com/news-and-events/...-carrick-capital-partners/

Hat das Management von Actua hier wieder einmal extrem gepennt oder sehe ich da etwas nicht richtig?