Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

VelocityEHS is the largest and fastest growing EHS software provider in the industry, with a wide-range of products available, including Incident Management, Chemical Management, Audit & Inspection, Management of Change (MOC), Compliance Management, Risk Analysis, Ergonomics, Corrective Action, Safety Meetings, Performance Metrics, On-Demand Training and Training Management.

http://finance.yahoo.com/news/...ns-2016-product-award-133000614.html
 

her wieder eine Gelegenheit, das im Tender nicht ganz erreichte angepeilte Rückkaufsvolumen doch noch zu erreichen.  

Matthew Josefowicz, Novarica president/CEO, thinks Allstate may be the catalyst that the online small commercial lines marketplace has been waiting for.

“The online direct channel is poised to take a significant piece of the small business market. Between direct writers like Hiscox, online agencies like Bolt and Insureon, and various InsureTech start-ups, there are lots of players moving into this space. What we haven’t seen yet is anyone devote serious advertising dollars to changing the conversation in small business insurance the way that the direct personal lines writers have done over the last decade. With Allstate itself – one of the biggest advertisers in personal lines — moving into the market, this may be about to change,” Josefowicz told Insurance Journal.
Market Share

According to a 2015 market share study by the Independent Insurance Agents & Brokers of America, independent agents dominate commercial insurance sales, writing nearly 80 percent of the market.

Small commercial lines business represents a little more than one-third of the commercial lines market with $103 billion in direct written premiums, according to consulting firm McKinsey. The market is highly fragmented with the largest carrier accounting for only six percent of total premiums.

However, “the largest carriers are moving quickly to secure their positions,”  a 2015 report by McKinsey said. It found that over the past six years, the market share of carriers with more than $2.5 billion in direct written premiums has increased by 12 percentage points.

http://www.insurancejournal.com/news/national/2016/10/19/429725.htm
 

würde mir dieser allerdings Deal nicht zusagen:

Guidewire's Latest Acquisition Follows Blueprint of Pas

Rodney Nelson
On Dec. 19, Guidewire (GWRE) announced it had reach a definitive agreement to pay $160 million to acquire ISCS, a software company that also serves the property and casualty insurance industry. Unlike Guidewire, ISCS focuses primarily on delivering its claims, policy, and billings management software via the cloud, while Guidewire has primarily focused on delivering its products on-premise to date. We believe this acquisition follows the same blueprint of past buys: a small deal that gives the firm greater flexibility and optionality when approaching insurers. We do not believe this deal will have a material impact on our expectations, and we are maintaining our wide moat rating and $67 fair value estimate.

ISCS provides insurers with an all-in-one solution to handle many of the same core functionalities included in Guidewire’s InsuranceSuite platform, though ISCS primarily delivers this software via the cloud. Further, ISCS' solutions are primarily targeted at smaller insurers, while Guidewire traditionally targets Tier 1 and 2 insurers with several billion dollars of direct written premiums each year. ISCS' offering is hosted on Amazon Web Services, providing smaller insurance companies with a cloud-ready, hosted solution. ISCS' trailing-twelve-month revenue stood at just over $41 million as of Sept. 30, 2016. Moving forward, Guidewire will work to integrate its add-on features around digital and data into ISCS' products, as well as converting ISCS' products to a term license sales model (from perpetual previously). In conjunction with this shift, there will be some near-term margin headwinds to the tune of 200 to 250 basis points, as Guidewire will be deferring ISCS' remaining perpetual licenses as they are collected over the next two years. The company will still collect the cash up front, however, and the acquisition should be neutral to operating cash flow in fiscal 2017, accretive to operating cash flow in 2018, and earnings accretive in 2019.
http://finance.yahoo.com/news/...ion-follows-blueprint-000200228.html
 

"ISCS focuses primarily on delivering its claims, policy, and billings management software via the cloud."

Währen bei ISCS das Administrtive deominiert, steht bei Bolt der Verkauf im Mittelpunkt.  

beu 3,73 Milliafden heutigier Markkapitalisierung und den nachstehenden Umsätzen halte ich für Bolt als angebrachter.

Total revenue for fiscal year 2016 was $424.4 million, an increase of 12% from fiscal year 2015.

https://www.guidewire.com/about-us/...re-announces-fourth-quarter-and
 

http://www.echelon-partners.com/wp-content/...n-Wealth-Management.pdf  

http://thetrustadvisor.com/featured/...ced-wealth-hits-the-mainstream  

Needless to say, the advisor isn’t going to want to step out of the client relationship in any event. Handing the assets to a robot really amounts to early retirement, one way or another.
I don’t think a lot of Trust Advisor readers are ready to walk away. And because of that, it really boils down to identifying what you do better than the technology can.
You’re not a commodity. Your clients get it. FolioDynamix is one of the TAMP providers that gets it.
They’re one of the bigger firms we profile in our guide – “only” $559 billion on the platform, roughly 28 times the entire robot universe put together – but they’re still growing fast.
Advisors are jumping to work with firms like this because they recognize they need a competitive edge but they still want to retain their freedom of operation.  

Insurance Solutions of Boltinsurance

Auto Insurance Solutions
- Auto Insurance
- Motorcycle Insurance
- ATV Insurance
- Boat Insurance
- Jet Ski Insurance
- RV Insurance
- Classic Car Insurance

Home Insurance Solutions
- Homeowners Insurance
- Condominium Insurance
- Renters Insurance
- Mobile Home Insurance
- Flood Insurance
- Earthquake Insurance
- Umbrella Pet Insurance

Business Insurance
- Accounting & Finance
- Architecture & Engineering
- Business & Management Consulting
- Cleaning & Janitorial
- Construction & Contractor
- Health Care
- Information Technology
- Installation
- Manufacturing
- Pet Care
- Photography & Videography
- Printing & Copying
- Restaurant & Food Services
- Retail
- Wholesale

https://www.boltinsurance.com/
 

More financial advisors are learning the ABCs of TAMPs
Deborah Nason, special to CNBC.com
Monday, 25 Apr 2016 | 8:00 AM ETCNBC.com
A sharply growing number of financial advisors are outsourcing their asset and investment management to third parties, often referred to as "turnkey asset management programs," or TAMPs.
According to a recent study by Tiburon Strategic Advisors, TAMPs— which provide technology platforms, investment products or a combination of both — have experienced dramatic growth. Since 2011, TAMPs have gone from less than $147 billion in assets (under management or administration) to $1.75 trillion in 2015.

http://www.cnbc.com/2016/04/25/...are-learning-the-abcs-of-tamps.html
 

http://burnmark.com/wp-content/uploads/2016/11/...t-November-2016.pdf  

angeführten Innovationsarten:

There are two major types of innovation happening with insurtech firms.

One type of innovation supports the legacy insurance service providers with their current activities, streamlining the processes, reducing costs and transforming the way traditional aspects of the value chain works, for example with devices that can now handle IoT.

The second type of innovation is customer-facing, helping the customers pick and choose insurance products and services better, helping them compare options or offering them completely new products never seen before. These products also target niche target customer groups (like SMBs)
 

for Commercial Carriers

The Internet of Things, when combined with strong digital capabilities improves customer interactions. Comprised of an interconnected network of devices, sensors, and objects capable of transmitting data, IoT enables commercial insurers to more directly and accurately determine pricing and coverage needs, while providing stronger, more personal engagement.

As an example, Cam is happy to share information on the driving behavior of his employees using company vehicles because he knows that basing risk assessments on actual driving data will give him more tailored coverage and lower premiums for his business. It will also help mitigate his risk.

http://www.actua.com/...distribution-pay-off-big-commercial-insurers/
 

The second type of innovation is customer-facing, helping the customers pick and choose insurance products and services better, helping them compare options or offering them completely new products never seen before. These products also target niche target customer groups (like SMBs).  

denn es möbelt die etablierten Carrier auf.

One type of innovation supports the legacy insurance service providers with their current activities, streamlining the processes, reducing costs and transforming the way traditional aspects of the value chain works, for example with devices that can now handle IoT.


Ganz ungefährlich scheint auf den ersten Blick diese Doppellrolle nicht, aber Boltinsurance ist momantan noch so ein Nussschale, dass sie zumindest momentan von den Carriern nicht als Konkurrenz angesehen werden dürfte.
 

after my estimates from 109 million in 2016.  

Big Changes to EHS Industry in 2016 — More Coming in 2017

Posted on Wednesday, December 21 at 5:59pm in Blog, EHS News, EHS Solutions by butleymarin
The volume and importance of new regulations and provisions introduced over the last 12 months will likely help 2016 go down as a milestone year in EHS. Under the direction of the Obama administration, OSHA and the EPA enacted a number of long-anticipated regulatory changes intended to drive workplace safety improvements across a broad spectrum of industries.
Here’s a look at a few of the major events that shaped EHS in 2016, and some predictions for what to expect in 2017 and beyond.

https://www.ehs.com/2016/12/big-changes-ehs-industry-2016-coming-2017/
 

Fourth Quarter 2016 Guidance
For the fourth quarter of 2016, Actua expects revenue in the range of $28.5 million to $29.5
(siehe Quartalsbericht zu Q3/16 auf actua.com)

Das waren in Q4/16 also 29 Millionen.

Bei einem jährlichen organischen Wachstum in der Nähe von 20% kann man von einem durchschnittlichen Quartalswachstum von 4,5% ausgehen.
Q1/17 = 29 * 1,045 = 30,31
Q2/17 = 30,31 * 1,045 = 31,67
Q3/17 = 31,67 * 1,045 =  33,09
Q4/17 = 33,09 * 1,045 = 34,58

Somit haben wir 30,31 + 31,67 + 33,09 + 34,58 = 129,65 plus Umsätze aus kleineren Zukäufen im Laufe des Jahres.
 

besser zu laufen als in der jüngeren Vergangenheit:

Sign of strong growth: 10 new jobs offered from Foliodybanix

•Associate Investment Research Analyst Posted on 11/23/2016
•Sacramento, California

•Contracts Manager Posted on 12/9/2016
•Sacramento, California

Product Manager Posted on 11/9/2016
Secaucus, New Jersey

Client Implementation Manager Posted on 11/23/2016
Secaucus, New Jersey

Human Resources Assistant Posted on 11/23/2016
Sacramento, California

Client Support Analyst - Generalist Posted on 11/25/2016
Columbus, Ohio

Client Implementation Manager Posted on 12/1/2016
Dallas, Texas

Client Implementation Manager Posted on 12/1/2016
Worthington, Ohio

Chief Compliance Officer Posted on 12/8/2016
Sacramento, California

Accountant - Junior Posted on 12/20/2016
Sacramento, California

http://www.foliodynamix.com/culture/careers/



 

Ich denke einmal, das ein Multiple von 4 für die 130 Millionen bei Berücksichtigung der Unsicherheiten, die Actua auch anscheinend nicht zu beseitigen wünscht oder kann, angemwessen womit wir bei 520 Millionen wären. Hinzu kämen mehr als 100 Millionen Cash = 620 Millionen - und sie würde ich durch 32 Millionen dividieren = ca. $19 als Fair Value.

Auf die  32 Millionen Aktien komme ich, weil Actua in seinen Quartalsberichten eine Zahl von 37 Milliionen Aktien für die Berechnung des Gewinns pro Aktie angibt, und zwar ohne Rückkauftender, der meines Erachtens zusammen mit ergänzenden freien Rückkäufen die Zahl der ergebniswirksamen Aktien auf ca. 32 Millionen oder wenidger reduziert haben dürfte.  

https://www.assettv.com/player/default-player/102913  

Actua Corporation
NLS Time (ET) NLS Price NLS Share Volume
  16:00:01§$ 14.35   67
16:00:01 $ 14.35   6
  16:00:01§$ 14.35   4
16:00:01 $ 14.35   1,497
  16:00:01§$ 14.35   4,365
16:00:01 $ 14.35   1
  16:00:01§$ 14.35   128
16:00:01 $ 14.35   29
  16:00:01§$ 14.35   6,050
16:00:01 $ 14.35   885
  16:00:01§$ 14.35   200
16:00:01 $ 14.35   200
  16:00:01§$ 14.35   109
16:00:01 $ 14.35   350
  16:00:01§$ 14.35   334
16:00:01 $ 14.35   1
  16:00:01§$ 14.35   50
16:00:01 $ 14.35   103
  16:00:01§$ 14.35   100
16:00:01 $ 14.35   19
  16:00:01§$ 14.35   24
16:00:01 $ 14.35   69
  16:00:01§$ 14.35   9
15:59:59 $ 14.35   200
  15:59:59§$ 14.35   100
15:59:59 $ 14.35   650
  15:59:56§$ 14.35   166
15:59:49 $ 14.35   100
  15:59:49§$ 14.35   100
15:59:45 $ 14.325   100
  15:59:45§$ 14.325   100
15:59:40 $ 14.30   100
  15:59:40§$ 14.325   306
15:59:40 $ 14.325   200
  15:59:40§$ 14.325   138
15:59:39 $ 14.325   100
  15:59:39§$ 14.325   100
15:59:33 $ 14.35   100
  15:59:31§$ 14.325   100
15:59:30 $ 14.325   196
  15:59:30§$ 14.325   100
15:59:27 $ 14.35   100
  15:59:27§$ 14.35   100
15:59:16 $ 14.35   100
  15:59:05§$ 14.35   100
15:59:04 $ 14.30   100
  15:59:02§$ 14.35   100
15:59:02 $ 14.35   100
  15:58:50§$ 14.35   145
15:58:43 $ 14.35   100

NLS Time (ET) NLS Price NLS Share Volume 15:58:40$ 14.35  200 15:58:33 $ 14.35  100 15:58:33$ 14.35  200 15:58:33 $ 14.35  100 15:58:33$ 14.35  100 15:58:31 $ 14.30  200 15:58:02$ 14.35  100 15:58:02 $ 14.35  100 15:57:45$ 14.35  100 15:57:45 $ 14.35  174 15:57:13$ 14.35  100 15:57:05 $ 14.35  110 15:56:47$ 14.35  100 15:56:17 $ 14.35  100 15:56:01$ 14.35  100 15:55:43 $ 14.35  100 15:55:28$ 14.35  100 15:55:26 $ 14.35  100 15:55:19$ 14.30  400 15:55:09 $ 14.35  100 15:54:57$ 14.35  200 15:54:57 $ 14.35  100 15:54:57$ 14.35  100 15:54:52 $ 14.325  100 15:54:50$ 14.35  100 15:54:32 $ 14.35  206 15:54:32$ 14.35  100 15:50:19 $ 14.30  100 15:50:14$ 14.30  100 15:50:14 $ 14.35  100 15:50:14$ 14.35  100 15:50:14 $ 14.35  100 15:50:14$ 14.35  100 15:50:14 $ 14.35  100 15:50:10$ 14.35  500 15:50:10 $ 14.35  200 15:50:10$ 14.375  100 15:50:10 $ 14.375  100 15:50:09$ 14.40  100 15:50:09 $ 14.40  200 15:50:09$ 14.425  200 15:50:09 $ 14.40  100 15:50:09$ 14.40  100 15:50:09 $ 14.40  103 15:50:09$ 14.40  100 15:50:09 $ 14.40  346 15:50:09$ 14.40  100 15:50:09 $ 14.40  100 15:50:09$ 14.40  100 15:50:06 $ 14.45   100

Read more: http://www.nasdaq.com/symbol/acta/time-sales#ixzz4UGOLlucx
Read more: http://www.nasdaq.com/symbol/acta/time-sales#ixzz4UGNmHPkp
 

und halte sie langfristig gesehen für kompletten Unsinn, will Euch aber nicht bevormunden und poste daher auch dieses - aber eben ohne Kommentar:

 

https://www.automobile-recalls.net/...a-corporation-nasdaqacta/95959/