Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

robust market network

2017 Brings New Challenges for Regional Insurers

to a recent study conducted by EY, the demand for new products, including the ability to provide novel offerings such as on-demand coverage, is disrupting the traditional insurance landscape.[i]
In today’s market, consumers want customized insurance offerings with affordable premiums, and they are willing to shop around to get it. They also want to purchase coverage through digital channels and to be able to engage with their insurer in the same way.

On a similar note, insurers want to service the needs of their customers as best as possible, but face high-cost technology upgrades and challenges in gaining access to the new products necessary to meet the wide range of customer needs. The answer for regional insurers, has been to adopt a digital distribution platform with a robust market network.

http://blog.boltinc.com/...rings-new-challenges-for-regional-insurers

 

Headquartered in Carpinteria, California, PlanMember Financial Corporation and its operating subsidiaries—PlanMember Securities Corporation, PlanMember Services Corporation and PSC Insurance Marketing Corporation—have been an industry leader in retirement planning for nearly three decades. PlanMember Securities is a registered Broker/Dealer, Investment Advisor and insurance licensed in all 50 states. With more than 500 registered representatives and a growing number of Financial Centers across the country, PlanMember has $8 billion in assets under management and over 140,000 customer accounts. PlanMember is an approved retirement plan pro

lnkd.in/dePJ7Z9
 

Dutch Auction nicht genutzt, um Actua Aktien zum 14 Dollar anzudienen:

109 Institutional Holders
25,565,842 Total Shares Held

Click on the column header links to resort ascending (▲) or descending (▼).

Owner Name
Date
Shared Held
Change (Shares)
Change (%)
Value (in 1,000s)
FMR LLC
12/31/2016
5,921,628
(4,605)
(0.08)
84,383
VANGUARD GROUP INC
12/31/2016
2,742,065
41,140
1.52
39,074
CAPITAL WORLD INVESTORS
12/31/2016
2,602,000
0
0.00
37,079
DIMENSIONAL FUND ADVISORS LP
12/31/2016
2,390,957
160,963
7.22
34,071
BLACKROCK FUND ADVISORS
12/31/2016
1,184,850
182,253
18.18
16,884

Read more: http://www.nasdaq.com/symbol/acta/institutional-holdings#ixzz4Yre9u1p5
 

Marketplaces – we already see the model emerging in banking, and insurance will follow fast. Virtually every insurer offers a suite of its own products. Everything is developed in-house. More and more carriers realise that you simply cannot be the best at everything, and that resources are too scarce to keep up with every new development, or cater to each specific segment. In the marketplace model, insurers basically give their customers access to third parties with the best products, the most pleasant customer experience and the lowest costs. The market place business model cuts both ways: customers get continuous access to the best products and services in the market, and costs can be kept at a minimum through connecting (or disconnecting) parties almost in real-time to key in on new customer wishes and anticipate other market developments. In 2017, we’ll see all sorts of partnerships between insurtechs and incumbents that fit the marketplace model.

AXA teamed up with the much praised 2016 DIAmond Award winner Trōv to target UK millennials. Trōv offers customised home insurance by allowing coverage of individual key items rather than a one-size-fits-all coverage set with average amounts.

http://banknxt.com/58984/10-insurtech-trends-2017/
 

PIEtech℠, Inc.’s vision is that everyone needs and deserves a quality financial plan. PIEtech℠ is the creator of MoneyGuidePro®, the industry’s leading financial planning software, myMoneyGuide®, an online guided planning solution that allows firms to broadly offer financial planning, and Best Interest Scout℠, a standalone, scalable discovery solution to help firms of all types obtain necessary client information.

https://lnkd.in/gw9Q3XR  

wobei die Entwicklung seit Sep 16 zu berücksichtigen ist, dem Datum des Artikels:

Trends to Watch

Volatility slows: In early 2016 the public cloud market experienced almost a 50% pullback over the course of a month, and then a full recovery over the subsequent months. Bessemer’s Cloud Index (an index of 42 public cloud companies) hit its lowest market capitalization point in February 2016 at 3.1x revenue, after coming down from a high of 9.5x revenue in January 2014, and has since settled into levels slightly below historical averages at 4.9x revenue.

Private multiples still 2x their public comps but converging: Private cloud multiples for growth stage companies are currently trading at about 11.2x revenue, which is over a 2x premium to their public peers. However, this is down from over a 3x premium at the peak.

https://www.bvp.com/blog/...-cloud-industry-2016-download-full-report
 

in # 8656 zeigen, dass meine nachstehenden Multiple-Annahmen aus 8638 realistisch waren:

My estimate for the multiples of the revenues of the three core-companies:

Velocity = 4.5-times-revenus = 4.5 * 57 = 256 million

Foliodynamix = 4.5-times-revenues = 4.5 * 38 = 171 million

Bolt = 5.5-times-revenues = 5.5 * 40 million = 220 million


The result of an addition of the value's of the three core-companies is about 650 million (for lower than 100% ownership of the 3 core-companies I ignore the ownership in the venture capital-companies). And I add about 50 Million of cash = a fair value of about 700 million.  

kann ich auch nicht sagen, denn die unterstellten 135 Millionen in 2017 sind eigentlich auch realistisch. Der bereits mehrmals gepostete Guidance liegt bei 109 Mllionen für 2016 und die Wachstumsrate bei 20% - und das ohne die kleinen üblcihen Tuck-inn's.  

to a recent study conducted by EY, the demand for new products, including the ability to provide novel offerings such as on-demand coverage, is disrupting the traditional insurance landscape.[i]
In today’s market, consumers want customized insurance offerings with affordable premiums, and they are willing to shop around to get it. They also want to purchase coverage through digital channels and to be able to engage with their insurer in the same way.

On a similar note, insurers want to service the needs of their customers as best as possible, but face high-cost technology upgrades and challenges in gaining access to the new products necessary to meet the wide range of customer needs. The answer for regional insurers, has been to adopt a digital distribution platform with a robust market network.

http://blog.boltinc.com/...rings-new-challenges-for-regional-insurers  

Competitor of Bolt with about 10-times-revenues

Fiscal 2016 Financial Highlights of Guidewire (Market-Cap: 4.1 billion)


Revenue: Total license revenue for fiscal year 2016 was $219.8 million, an increase of 23% from fiscal year 2015. License revenue for fiscal year 2016 included perpetual licenses of $11.3 million compared with $9.8 million for fiscal year 2015. Maintenance revenue was $59.9 million, an increase of 20% and services revenue was $144.8 million, a decrease of 4%. Total revenue for fiscal year 2016 was $424.4 million, an increase of 12% from fiscal year 2015. Rolling four-quarter recurring term license and maintenance revenue was $268.4 million, an increase of 22% compared to fiscal year 2015.

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

February 21st, 2017
Top Insurers Beat the Barriers to Growth
Today we wanted to share the following blog post from Actua company Bolt Solutions.  This post looks at how technological advances and new InsurTech start-ups are bringing about a customer-centric revolution in the P&C insurance space and how top insurers are beating barriers to innovation with a leading digital distribution platform.

For traditional P&C insurers, business growth can be difficult in the current market. According to a recent report by EY, “…advances in technology and the growth of InsurTech are raising customer expectations for greater innovation.” They are also eliciting a more customer-centric environment. As P&C insurers adapt to the new market challenges, innovation in the areas of product offerings and the customer experience will be critical to growth.

http://www.actua.com/top-insurers-beat-barriers-growth/
 

An important message; "Through the right digital distribution platform, top insurers have overcome the challenges associated with new product development by gaining access to a robust market network of offerings without taking on additional risk."

http://www.actua.com/top-insurers-beat-barriers-growth/
 

Next important message: "According to J.D. Power, 78% of consumers want to purchase all of their insurance coverage from one insurer, meaning the time for carriers to enhance product selection is now.[ii] The right digital distribution platform has insurers opening the doors to new products and markets fast, with several top-line benefits.”

http://www.actua.com/top-insurers-beat-barriers-growth/
 

Quad-O compliance is a big challenge for companies in the oil and gas industry. VelocityEHS offers a comprehensive suite of EHS management software solutions designed to dramatically reduce the time, effort, and cost required to meet Quad-O and other air emissions standards. The VelocityEHS Air Emissions solution uses OSIsoft© PI to interface directly with your CPMS remote sensor arrays, automatically collecting and recording emissions monitoring data. Integrated PDF data collection forms give field technicians the ability to record leak inspection results and other emissions unit data using their tablet or smartphone, and instantly upload it to your central database via the cloud. The system’s proprietary calculation engine and built-in library of industry-standard emissions factors and formulas lets you perform complex emissions calculations in real-time. You can then automatically generate emissions reports to make compliance with Quad-O, Title V permits, NSPS, NESHAPs, emissions trading programs, GHGRP Subpart W requirements, and a whole host of air emissions standards easier than ever before.

In addition, the VelocityEHS Audit & Inspection solution gives you an all-in-one system to help schedule, manage and document your LDAR programs, streamline compliance with leak detection and repair requirements, and enhance the safety of both your crews and the communities you serve. Combined with our Corrective Action management solution, you’ll have everything you need to schedule affected facility inspections, document inspection findings, assign and track corrective actions, send escalating notifications for inspection and repair deadlines, and document it all to ensure compliance with Quad-0 recordkeeping requirements

https://www.ehs.com/2017/02/...-emissions-standards-oil-gas-industry/
 

Addepar and FolioDynamix team up
February 21, 2017 — 7:52 PM CET by Graham Thomas

New combo
Addepar and FolioDynamix announced a surprising collaboration of their technologies brokered by Dynasty Financial Partners -- that in effect turns them into a TAMP.
"Dynasty saw something we didn’t see ourselves, that we have two great firms but have an opportunity to create something better together," said Sean Mullen, senior vice president of business development at FolioDynamix. "The request boiled down to combining the sleeve level performance reporting capabilities of Addepar on a FolioDynamix UMA.”
Will Armenta, Addepar's head of market development, added, “Our mutual customers are already realizing great value, and we expect more to come."
http://riabiz.com/a/2017/2/21/...ke-that-helicopter-outside?track=124  

https://vimeo.com/163409238  

gilt in besonderem Maß für Actua, wo nicht nur Quartalsergebnisse wenig aussagen, sondern sogar Jahresergebnisse. Denn wenn wie 2016 ein Unternehmen verkauft wird, kann der Gewinn licht auf über 100 Millionen laufen, was dann ein KGV von 5 bedeuten würde. Sinn macht hier eigentlich nur die Annahme eines längerfristig erzielbaren durchschnittlichen Jahresgewinns, der nach meinen Schätzungen zwischen 60 und 80 Millionen liegen dürfte, was immer noch ein KGV von weit unter 10 und damit eine Unterbewertung implizieren würde.

http://finance.yahoo.com/news/...ett-earnings-guidance-000000193.html  

http://www.ftpartners.com/docs/...earch-InsuranceTechnologyTrends.pdf  

Kursbewegungen nicht.                                                                                      

http://blog.boltinc.com/insurance-distribution-solution-blog  

Investing in the right digital distribution platform is a low risk, high return solution for insurers looking to meet the more customer-focused standards of today’s consumers. By offering a wide range of insurance products – from the traditional auto and homeowner, to the new-age pet and pay-as-you-drive policies—insurers can gain a 90% share of wallet and grow revenue 24% in five years.

http://blog.boltinc.com/...g/top-insurers-beat-the-barriers-to-growth
 

Digitally mature carriers grow revenue 1.5 times faster
According to McKinsey, digitally mature carriers grow revenue 1.5 times faster than their less enabled counterparts,[ii] putting pressure on insurers who want to stay in the game to evolve into top digital performers. Not content to wait for systems upgrades or piecemeal efforts to reach this level of digital prominence, leading insurers are adopting a digital distribution platform that seamlessly connects to back-office systems and offers a robust market network of coverage options, enabling insurers to extend product choice to their customers.

http://blog.boltinc.com/...digitally-savvy-insurers-accelerate-growth

 

ist meines Erachtens momentan die Devise.

Vorausgesetzt, man hält wie ich Actua für unterbewertet und sieht, wie von mir in #8657 dargelegt, den Fair Value eher bei 700 Millionen.

 

um Steuerzahlungen abzudecken, die bei mit Aktien vergüteten Zahlungen anfallen.

http://www.actua.com/investors/sec-filings/

Alternativ hätte man sonst eigenes Geld zuschießen müssen.  

aus #8674

Explanation of Responses:
( 1) Shares of common stock were withheld by the Issuer to satisfy certain tax withholding obligations resulting from the vesting of restricted stock issued on 2/28/2014.
( 2) Reporting Person forfeited shares of restricted stock that did not vest in connection with the Actua 2016 Performance Plan.