Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

https://finance.yahoo.com/chart/...I6IiM0NWUzZmYiLCJyYW5nZSI6IjZtbyJ9


Erkären ich sie nicht.  

PlanMember Services Chooses FolioDynamix for Technology, Trading Suppor
November 29, 2016 9:00am

CARPINTERIA, Calif. and NEW YORK, Nov. 29, 2016 (GLOBE NEWSWIRE) -- California-based PlanMember Services is in the midst of rolling out the FolioDynamix platform to hundreds of representatives across the country. PlanMember is a full service retirement and investment management firm focused exclusively on helping for-profit, school district and nonprofit organizations with retirement solutions at both a company and individual employee level. The firm, recognized for this expertise and solid infrastructure, has been growing quickly over the past several years.

With that growth came a need for technology solutions to streamline workflow and create efficiency and scale. After the firm tried several technology solutions that didn't offer the complete functionality needed, Chief Operating Officer Terry Janeway found himself in the position of looking for a complete solution that would be flexible, quick-to-market, and offer a track record of success. After extensive due diligence the firm chose FolioDynamix.

"Our growth and success is based on a single, focused goal of providing excellence in retirement plan solutions," says Janeway. "The FolioDynamix solution offered the flexibility to easily adapt to our model so that we could offer powerful, institutional-quality trading and proposal generation tools to our field within a very short implementation period."

https://www.benzinga.com/pressreleases/16/11/...ology-trading-support  

Ergebnis kommen,

"perfekte Kursmanipulation" !

Wer ist es, das Management selber?  

Oder sind es Shortseller, die die Range verteidigen wollen?

 

Fakt ist, die Performance und die Umsätze sind der Hammer :-)  

http://www.oliverwyman.com/content/dam/...l_InsurTech_Report_2017.pdf  

...huch, ist ja gar nicht das Hypoport-Board ;-)  

resultiert meines Erachtens vor allem aus der Unsicherheit, wie es weitergeht - trotz eigentlich guter Daten bei den Zahlen von Q1.  

überwiegend institutionellen Anleger konkreter:

Actua is a multi-vertical cloud technology company with offerings that we believe create unique and compelling value for our customers and provide transformative efficiency to vertical markets. We manage our consolidated vertical cloud-based businesses, which operate in the commercial and personal property and casualty insurance, wealth management and environmental, health and safety ("EH&S") markets, with a uniform set of industry-standard recurring revenue metrics and specifically look to drive growth at those businesses by:
                    §
- continuously creating compelling, differentiated cloud-based offerings through investment in research and development;
- driving efficient long-term growth in recurring revenue through investment in lead generation, marketing and sales;
- identifying, structuring and executing accretive acquisitions that accelerate strategic plans, increase revenue growth and, over time, improve margins;
-investing in and cultivating deep, domain-expert management teams; and
- implementing strategies to obtain operational leverage and increased profitability while maintaining revenue growth, particularly as a company scales.

http://icge.ir.edgar-online.com/...p;filename=ACTUA_CORP_10Q_20170508
 

Bolt zu bewerten, obwohl da jetzt nach ziemlich viel Verzögerungen mit 31% Wachstum im ersten Quartal 17 gegenüber dem Vorjahresquartal etwas Zug hineingekommen ist.

"Bolt's revenue grew approximately 31% from the corresponding three -month prior year period. During the three months ended March 31, 2017 , Bolt served approximately 2,100 independent commercial and personal property and casualty insurance agent customers, a number of large commercial and personal property and casualty insurance carrier-agency customers, six customers who are non-traditional sellers of commercial and personal property and casualty insurance products and one state commercial and personal property and casualty insurance exchange customer.
http://icge.ir.edgar-online.com/efxapi/EFX_dll/...bWS&ID=12048582

Auf der anderen Seite ist Insurtech durch die hohen Investitionen in Start-Ups auch ein Haifischbecken - und man ist nie sicher, ob da - auch nach dem Rückzug von Google - doch nicht wieder ein Big Player seinen Hut in den Ring wirft und alles aufmischt. Daher wäre ich nicht unbedingt traurig, wenn man Bolt schon jetzt für 350 bis 400 Millionen verkaufen könnte. Bei 70% Beteiligung würden dann immerhin 250 bis 300 Millionen in der Kasse von Acuta landen.

Investitionem in Cloud-Nischen halte ich nämlich für eine sichere Angelegenheit, auch wenn man vielleicht langsamer wächst - Insurtech bietet große Chancen, ist aber auch sehr risikoreich, da wir hier ein viel bevölkertes offenes Schlachtfeld haben.  

vonstatten gehen zu lassen, sollten zuvor massive Rückkäufe von Aktien stattfinden bzw. auch ohne beabsichtigte Monetarisierungen sollten die laufen, denn ein zudem schuldenfreies Unternehmen der Größenordnung von Actua braucht keinen Kassenbestand von 82 Millionen, wenn die Aktie unterbewertet ist.

https://finance.yahoo.com/quote/ACTA/balance-sheet?p=ACTA  

Approximately $10 million of Actua’s proceeds are being held in escrow and will be subject to potential indemnification claims; subject to any such claims, the escrowed proceeds will be released to Actua in October 2017.

http://www.actua.com/...p-led-vista-equity-partners-153-million-cash/  

revenues of the guidance in 2017 are:

VelocityEHs = 60 million

Foliodynamix = 40 million

Bolt = 30 million  

und 10 für Bolt wären das 800 Millionen.  

Da hatte ich ja schon von einem 5,6-fachen für einen  Competitor von VelolcityEHS  in #9047    berichtet: "On May 31, the €4.2 billion revenue information solutions provider Wolters Kluwer, announced that it had made a binding offer of €250 million to purchase EH&S, sustainability and risk management software provider Enablon. At a multiple of 5.6 times Enablon’s 2015 revenues."  

die mit Versicherungen und Maklern agieren und mit Boltinsurancxe auch noch Digitaler Makler sind:

May 31, 2017
Escalating Growth with Direct-to-Consumer Digital Distribution
Growing revenue 24% in five years with a direct-to-consumer digital strategy isn’t a bad deal, but it’s one that a lot of insurers don’t seem to be seizing with gusto.
Maybe they’re afraid of alienating a well-established agency force, or maybe it’s the challenge of overhauling aging systems to the meet the new digital beat, but insurers are treading lightly in the direct-to-consumer digital arena and leaving money on the table in the process
http://blog.boltinc.com/...h-direct-to-consumer-digital-distribution?

utm_campaign=May%202017%20Target%20Account%20Campaign&utm_content=55178356&utm_medium=social&utm_source=linkedin
 

Beim Einkauf vor drei Jahren wurde ein allerdings von mir kritisiertes Multiple von 6 bezahlt:

September 15, 2014 6:47 pm
Actua to Acquire FolioDynamix, a Cloud-Based Wealth Management Technology Platform
Radnor, PA – September 15, 2014 – Actua Corporation, formerly ICG Group (NASDAQ: ACTA), today announced that it has reached agreement to acquire FolioDynamix, a leading, secure, cloud-based investment and wealth management platform. In the transaction, Actua would acquire an approximately 97% primary equity interest in FolioDynamix for an estimated $199 million in cash, subject to transaction expenses and “true-up” adjustments for working capital, cash, debt and other items.

Subject to final accounting (including purchase accounting) adjustments, 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. The company grew over 40% in 2013, and growth is expected to continue at that rate in 2014.

http://www.foliodynamix.com/news/...h-management-technology-platform/
 

 

http://www.asta-uk.com/...nce-buyer-and-mgas-are-leading-that-change/

managing general agent (MGA)
A specialized type of insurance agent/broker that, unlike traditional agents/brokers, is vested with underwriting authority from an insurer. Accordingly, MGAs perform certain functions ordinarily handled only by insurers, such as binding coverage, underwriting and pricing, appointing retail agents within a particular area, and settling claims.
Typically, MGAs are involved with unusual lines of coverage, such as professional liability and surplus lines of insurance, in which specialized expertise is required to underwrite the policies. However, MGAs also write some personal lines business, especially in geographically isolated areas (e.g., western Oklahoma, North Dakota) where insurers do not want to set up a branch office.
MGAs benefit insurers because the expertise they possess is not always available within the insurer's home or regional offices and would be more expensive to develop on an in-house basis.

https://www.irmi.com/online/insurance-glossary/...eral-agent-mga.aspx
 

• May 20, 2017
"Positive, dynamic environment with tons of opportunity"
Star Star Star Star Star
Current Employee - Sales Representative in Chicago, IL I have been working at VelocityEHS full-time
Pros
Great earning potential, excellent training program, selling for an industry leader
Cons
You are not an order taker - you have to learn how real B2B sales works. Once you do you can earn a lot
https://www.glassdoor.com/Overview/...ocityEHS-EI_IE1193602.11,22.htm
 

http://anthemvp.com/

The active porrfolio has 23 companies:

http://anthemvp.com/company_type/active/
 

 

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