Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

liegen wir bei einer Marktkapitalisierung von 3,81 Milliarden und den nachstehenden Zahlen bei einem Multiple von 9.

   Revenue‎10‎/‎31‎/‎2016‎7‎/‎31‎/‎2016‎4‎/‎30‎/‎2016‎1‎/‎31‎/‎2016§
Total Revenue 94,127 141,177 98,860 102,129
Cost of Revenue 42,019 42,756 39,007 34,901
Gross Profit 52,108 98,421 59,853 67,228

http://finance.yahoo.com/quote/GWRE/financials?p=GWRE


 

ob Bolt doch der ganze große Renner wird.

Ich weiß es auch nicht, aber als First Mover haben sie immerhin einen enormen Vorteil.  

seit Jahren läuft und der hoffentlich in diesem Jahr der Durchbruch gelingt, weil jetzt auch genügend Nachfrage da sein könnte und der Markt ausreichend "gemacht" ist:

https://www.boltinc.com/  

https://www.boltinc.com/omni-channel-insurance-distribution-platform  

About 6.5 billion regulatory assets under management of Foliodynamix

Finally, regulatory assets under management at the end of Q3 were $5.4 billion compared to $5.3 billion at the end of Q2. The SAS acquisition should add roughly $1 billion of additional regulatory AUS.

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

 

spielt Bolt voll in die Karten, denn wie Ihr aus 8579 entnehmen konntet bietet Bolt eine komplette Plattform, die schon längst arbeitet und alle Prozessschritte beherrscht, an.

http://blog.onbase.com/insurance/...traditional-insurance-technology/  

InsurTech and MatureTech
There seems to be a consensus forming that InsurTech will converge with traditional insurance. Even now, most of the startups are partnering with or selling to insurers, which means that they need to integrate their tech-based solutions with the systems, data, and workflows that exist today inside insurance companies.

The InsurTech firms may be digital agents/brokers, new players in the claims ecosystem, contributors to smart home or connected car solutions, or digital data/analytics providers. They may offer a new breed of solutions to increase operational efficiencies or improve the customer experience. But whatever the specific focus of the InsurTech company, very few are able to operate standalone.

In essence, this means that InsurTech and MatureTech need to work together to enable industry transformation.  

January 12th, 2017
Actua By the Numbers – A Snapshot of 2016
Happy New Year from Actua! We’re excited for what lies ahead this year, but before we look too far ahead at what’s to come in 2017, we wanted to reflect on the progress we made in 2016.  The following infographic provides a snapshot of what we accomplished in 2016 including some interesting data points on new customers and users added, platform enhancements and acquisitions completed. Stay tuned in the coming weeks for our predictions for 2017.

http://www.actua.com/actua-numbers-snapshot-2016/
 

         -§$1.5 billion of total premiumson the platform

         -§Integrated into 100 of the lagrest insurance cariiers

         -§Exceeded 69,000 users on the platform

         -§Surpassed 5,500 carrier connections

http://www.actua.com/actua-numbers-snapshot-2016/
 

- Added 1,600 new customers

- Surpassed 12,500 total customers, representing more than a half of F1000

- Database of more than 11 million SDSs

- More than 8 million users on the platform

- Completed 2 tuck-in acquistions (e3 Solutions and ErgoAdvocate)

http://www.actua.com/actua-numbers-snapshot-2016/
 

-- 5.5 billion in regulatory assets under maagement

-- More than 112,000 users with platform access

- Completed Tuck-in acquisition /SAS)

http://www.actua.com/actua-numbers-snapshot-2016/
 

Sold Govdeivery for 153 million, resulting in proceeds to Actua of 133 million and a gain of 115 mllion

3 tuck-in acquisitions completed (Ergodavocate, SAS und E3 Solutions

Acquired 4,588,094 shares through a modified „Dutch Auction“ Tender at $14 per share, for an aggregate price of about 64.2 million

http://www.actua.com/actua-numbers-snapshot-2016/
 

sehe ich für Insurtechs, die mit den Versicherungen zusammenarbeiten wollen und nicht überweigend als Disruptor auftreten, Chancen mit eigenem Auftritt zu agieren.

“The biggest percentage of InsurTech companies are seeking to disrupt or change insurance distribution, either as digital agents/brokers, new MGAs, or digital tech platforms for distribution. These new and emerging players will need to integrate with the insurers that are underwriting the insurance and servicing the policies.”

http://blog.onbase.com/insurance/...traditional-insurance-technology/
 

http://finanzwelt.de/hyper-hyper/

Der Kurs von Actua wird m.E. vor allem davon abhängen, wie sich die Core-company Bolt in diesem Umfeld schlägt.

Momentan sehe ich gute Chancen, aber die Entwicklung ist schweirig vorauszisagen, da die Großen noch nicht ihren Hut in den Ring geworfen haben, nachdem Google kurz nach seinem Start wieder ausgestiegen ist.  

aber meines Erachtens schon ein erster gut Schritt

"The sales pipeline continues to build. We entered the quarter with 15 opportunities, closed one, and added three. We finished the quarter with 69,400 users on the platform, up from almost 60,000 last quarter. Additionally, annualized opportunities of qualified risk going through the platform grew to $3.3 million in the quarter, and this resulted in over $1.5 billion of premium on the platform. Finally, carrier connections are up to over 5,500 today, from roughly 5,300 in Q2. We have 100 insurance carriers now integrated into the platform."

http://finance.yahoo.com/news/...a-earnings-conference-183900119.html

 

Betrachtungen zu Bolt und seine Bewertung, wäre hauptsächlich die Nennung eines Kaufpreises interessant - selbst wenn die Ansatzpunkte zu Bolt erheblich unterscheiden - und der wird leider nicht genannt.

http://www.it-finanzmagazin.de/...wuestenrot-wuerttembergische-42908/

Bei einer US-Übernahme durch Guidwire (siehe weiter oben bzw. vorne) war ich ja über das gezahlte Multiple nicht so erbaut.  

interpretiere gibt es auch schon Gekleingänge, die aber noch als Ertrag gebucht wurden.

"Now turning to our businesses, starting with slide six; while BOLT's revenue growth was 4%, bookings are facing much higher. For the quarter, BOLT added $1.4 million of ARR, or annual recurring revenue; the result of significant expansions from two existing customers. And this brings year-to-date ARR bookings to over $4.5 million. This is well ahead of where we were a year ago, which was a low six-figure ARR bookings number for the nine month period. We should start recognizing this revenue next quarter, and as a result, we should see stronger revenue growth starting in Q4."

http://finance.yahoo.com/news/...a-earnings-conference-183900119.html
 

mit diesen Ausführungen sieht:

"BOLT had another good quarter from an operating cash flow perspective, reflecting improvement in bookings where cash in received in advance of revenue and also tight cost controls.”

http://finance.yahoo.com/news/...a-earnings-conference-183900119.html

 

"Kirk Morgan, Actua Coporation - CFO [8]
--------------------------------------------------
And I will just add; I think that we were very encouraged by what we saw in the booking especially at BOLT and Folio this quarter. And BOLT over $4.5 million of ARR in 2016, we really begin to be recognized in Q4. But majority of it will be in '17, and so, I think we are setting ourselves up for a good 2017.

http://finance.yahoo.com/news/...transcript-acta-earnings-conference"
 

https://www.youtube.com/watch?v=lueDbShDbPE  

https://www.youtube.com/watch?v=HDEhvLbLrdk&t=142s

Hier ist das Einschalten von Untertiteln empfehlenswert.

Dass irgendwann Bolt ein Unicorn werden könnte, schließe ich nicht völlig aus.  

The Bolt Platform is a fully integrated, turnkey, software-as-a-service, cloud offering that includes:
         •§Full technology platform, including a portal for consumers, independent agents, captive agents, wholesalers, brokers and consumers;
         •§Integrated call center technology;
         •§Reporting and analytics;
         •§Fully licensed agents in all 50 states for both personal lines and commercial lines; and
         •§Access to personal and commercial lines products from top insurance companies, MGAs and wholesalers in the U.S.

The Bolt Platform is also available for white labeling and can be implemented in a matter of weeks due to its cloud deployment.

https://globenewswire.com/news-release/2013/04/02/...lt-Platform.html
 

die Entscheidung, vom ehemals überwiegend Software-Anbieter zu dem allumfassenden Angebot, das ich in meinem letzten Posting beschrieben habe; zu kommen:

Operating under the SeaPass name, the company earned a solid reputation as a leading independent provider of web-based insurance distribution software for the property and casualty (P&C) insurance industry. As Bolt, the company has expanded its offerings beyond software. By leveraging the new Bolt Platform, Bolt will now also offer a complete end-to-end environment, from quote to issue to service, including all the technology, people, and processes – as needed. All stakeholders in the insurance buying and selling process have access to the Bolt Platform for real-time interaction to choose, buy, sell, and service insurance. Users of the Bolt Platform include policyholders, agents, brokers, MGAs, wholesalers, and carriers.

https://globenewswire.com/news-release/2013/04/02/...lt-Platform.html

 

dass ein reine Softwarefirma wie Adesso aus Deutschland, die erheblich im Versicherungsgeschäft  mitmischt, bei diesen Umsätzen

GuV/Bilanz in Mio. EUR nach IAS/IFRS - Geschäftsjahresende: 31.12.
2011: 106 Millionen
2012: 120,5
2013: 135,2
2014: 156,9
2015: 196,4

http://www.ariva.de/adesso-aktie/bilanz-guv

gerade einmal auf eine Marktkapitalisierung von knapp 350 Millionen kommt.
 

ergeben sich aus dem, was in der überaus interessanten nachfolgenden Studie steht:

https://www.pwc.lu/en/fintech/docs/pwc-insurtech.pdf

Ich bin auch sicher, dass sie Bolt nutzen kann - nur der Umfang ist völlig offen. Nach einigen Jahren Vorlauf, scheint ja jetzt im vierten Quartal auch der Geldzufluss anzuschwellen und wird sich auch in 2017 fortsetzen. Aber wie weit das trägt, hängt von vielen Unwägbarkeiten ab.