Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

letzten Posting wäre sicher ein IPO, wenn .............

Ja, wenn das Wörtchen "Wenn"  nicht wäre, das sich insbesondere auf die Kosten beim Börsengang und die laufenden Kosten der Notierung mit ihren strengeren Rechnungslegungsvorschriften bezieht. Der von mir geschätzte Umsatz von ca. 60 Millionen in 2017 for Velocity und 300 Millionen IPO-Kapitalisierung sind da zu niedrig.

Als weitere Lösung gäbe es auch noch de, Verkauf an ein aussichtsreiches Unternehmen nicht gegen Cash, sondern gegen Aktien. die man dann bedarfsweise verwerten kann. Man denke hier nur an den weiter oben angeführten Verkauf von Konkurrent Enablon an Wolters Kluwerm der zwar in Cash erfolgte, aber auch gegen Aktien hätte erfolgen können.  

hier mal los Libuda?  

langfristig steigen, wenn man Investor ist.

Für Zocker ist die Aktie inzwischen weniger geeignet.  

Model Exchange Hub
Gain Direct Access to Third-Party Managers and Investment Models Through an Online Hub.
Manager due diligence and the right product selection are time consuming processes, and gaining access to the right investment models can be difficult and expensive, but all of these are critical to your ability to develop successful open architecture programs.
FDx Advisors recognizes these challenges and in response have partnered with FolioDynamix to create FDx Connect – a unique model exchange hub service that facilitates third-party manager access, direct model sharing and portfolio statistics reporting – providing you with the backbone to easily create your own unified managed account (UMA) program.
Key features of FDx Connect include:
         •§Simultaneous product/strategy distribution to multiple sponsor programs
         •§Investment model uploading and direct exchange
         •§Easy-to-use search and product comparison capabilities
         •§Manager contracting at negotiated rates
         •§Fee remittance and billing
         •§Portfolio statistics reporting
Asset managers – Take advantage of an online model exchange portal to gain increased distribution and product visibility.
Wealth management firms and advisors – Gain faster, easier access to the investment models you need to be successful and accelerate program development to remain competitive and deliver better client performance.
http://fdxadvisors.com/investment-research/model-exchange-hub/
 

von Bolt halte ich für nicht für ganz unproblematisch, da man als Boltinsurance selbst als Carrier agiert, aber die Carrier bedeutende Kunden sind. Aber im Vergleich zum Gesamtmarkt ist Boltinsurance eine winzige Nussschale und man gewinnt hier auch Erfarhungen für die angebotene allgemeine Plattform.

The success of BOLT Insurance and the BOLT Insurance Platform has produced customer ratings that place BOLT in the top 1% of all US businesses.
Unlike many other agents, BOLT agents:
- Suggest only the insurance you need.
- Speak plain English, not “insureeze.”
- Take the time to learn the risks you face every day.
- Value your precious time.
- Work with reputable carriers you can count on.
When you are working with a BOLT licensed agent, you can expect to receive the customer service, expertise, and quality that you deserve.

Quotes Provided by
                    §
The Hartford

Liberty Mutual Insurance

Hiscox Business Insurance

Travellers

Starr Companies

Homsite

Safeco Insurance

MetLife Auto & Home

The Main Street American Group

Progressive

Chubb

Foremost Insurance Group

https://www.boltinsurance.com/about/why-bolt/

 

Inzwischen hat auch Yahoo die Prozentzahlen an die reduzierten aktienzahlen angepasst und geben z.B. statt früher 15% nun einen Anteil von 17,63% bei Fidelity an. Dabei unterstellkt Yahoo 33,6 Millionen ausstehende Aktien – eine Zahl, die sich auf den Mar‎ ‎30‎, ‎2017 beziehen dürfte.

Top Institutional Holders
    Holder    Shares§Date Reported % Out Value
FMR, LLC 5,921,628 ‎Mar‎ ‎30‎, ‎2017 17.63% 83,198,874
Vanguard Group, Inc. (The) 2,698,607 ‎Mar‎ ‎30‎, ‎2017 8.03% 37,915,428
Blackrock Inc. 2,661,202 ‎Mar‎ ‎30‎, ‎2017 7.92% 37,389,888

https://finance.yahoo.com/quote/ACTA/holders?p=ACTA
 

entnehmen, dass der CEO Buckley und der President Douglas mit 3,43% bzw. 3,95% beteiligt sind;

Direct Holders (Forms 3 and 4)
Name
Shares
Date Reported
ALEXANDER DOUGLAS A
1,326,988
‎Mar‎ ‎9‎, ‎2017
BUCKLEY WALTER W III
1,153,833
‎Mar‎ ‎9‎, ‎2017  

die beiden führenden Köpfe aus dem Management zusammen 41%.  

das mit dem Unternehmen nicht so vertraut ist, das Risiko anders einzuschätzen und zögert mit Käufen.

Meines Erachtebns hängt das auch damit zusammen, dass man sich über die Entwicklung von zwei der drei Core-Beteiligungen ohne weitere Daten unsicher ist: nämlich bei Bolt und Foliodynamix.

Am schwersten tut man sich wohl mit dem Insurtech Bolt: Hier liegen Chancen und Risiken nahe beieinander.

Und bei Foliodynamix wissen viele vermutlich nicht, wie sie das Aurtauchen der Robos und ihren Enflauss auf Foliodynamix einschätzzen sollen.  

"Repurchases 2017: Year to date (June 16, 2017), we have repurchased 1.7 million shares of Actua stock for $24.4 million"

Da Acuta 1,7 Millionen zurückgekauft hat, müssen in dieser Höhe Verkäufer dagewesen sein.  

Dabei kann ich mich an ein Wachstum von 31% bei Bolt nicht erinnern, wie es im letzten 10-Q-Bericht nachgereicht wurde:

„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/...6qS&ID=12048582
 

treten, denn unter der Adresse im letzten Posting kann man von den vielfältigen Erlösquellen von Bolt lesen und trotzdem dürften sie nach meiner Schätzung in 2017 nur 30 Millionen Umsatz schaffen.

"Bolt generates revenue from

(1) software as a service ("SaaS") software licenses,

(2) maintenance and support services,

(3) professional service fees,

(4) insurance commissions, including contingency bonus revenues from insurance carriers, and

(5) subscription fees.



 

Total premiums on the platform are $1.4 billion *
As of 3/31/17 unless otherwise noted
http://www.actua.com/wp-content/uploads/2017/05/...arnings-Slides.pdf

Denn das ist schließlich nur eine der Erlösquellen bei den von mir geschätzten 30 Millionen Erlösen. Vermutlich sind die Margen, die man erzielen kann, doch nicht ganz so üppig, als sich das manche vorgestellt haben (mich eingeschlossen, denn ich hatte eigentlich gedacht, dass alleine schon die Position "(4) insurance commissions, including contingency bonus revenues from insurance carriers"
aus meinem letzten Positing bei 1,4 Millarden Prämien, die durch das System fließen, mehr als 30 Millionen bringen);
 

lesen wir auch:

Platform is integrated into 100 of the largest insurance carriers and has over 5,700 carrier connections, creating the largest source of insurance flow for direct carriers, agents, agencies and alternative insurance distributors

Offering a new version of the platform, BOLT 8.0, which includes an upgraded version of BOLT’s Enterprise solution and offers BOLT Premiere, a mid-market product with a plug-and-play architecture for faster implementation

Und da fallen ja die folgenden Erlöse an, die in 9162 angeführt werden - und die stecken auch noch in den 30 Millionen:

(1) software as a service ("SaaS") software licenses,

(2) maintenance and support services,

(3) professional service fees

Wir müssen uns da wohl an kleinere Margen gewöhnen und vielleicht "auch kleinere Brötchen backen", als wir uns das vorgestellt haben.
 

bei Foliodynamix übertrieben, wie der nachstehende Artikel zeigt.

http://www.finanzen.net/nachricht/fonds/...es-lebe-der-cyborg-5455347  

So, what do insurers do to stop the exodus? Bundle coverage in one simple seamless transaction.
When insurers provide more than one P&C product to a customer, they realize at least an 85% share of wallet. That number jumps to 90% when an insurer can provide more than two products.[v] More importantly, bundling customers are more loyal and when treated right, stay longer,[vi] ensuring incumbents a bigger piece of the existing pie, including the chunk that now seems destined for InsurTech disruptors.

http://blog.boltinc.com/...f-insurtech-its-all-about-product-bundling
 

Across industries, technology is binding peer-to-peer relationships, revealing more of the human component. According to a recent Accenture report, research shows that investors want a combination of automated and human advisory services and that significant numbers of millennials and Gen Xers have already turned to hybrid services. Despite all the talk about robo versus human, the tech-enabled adviser means more value creation for the client.

http://www.investmentnews.com/article/20170710/...in-financial-advice
 

Amazon’s customer focus has put them at the top of the retail food chain, shaping customer expectations and forcing other industries to rise to the challenge.  This puts insurers in a challenging position where they must shift from their historically productized model to one founded on meeting more of the needs of each and every consumer that crosses their doorstep, whether that portal exists in the physical or digital world.

http://blog.boltinc.com/...acc%7C3b4a8515-03fe-4e33-8ce2-20a678e6cdc0
 

our EHS Software Buyer’s Journey Roadmap!

07/13/2017
https://www.ehs.com/2017/07/...r-ehs-software-buyers-journey-roadmap/
 

As Velocity continue to see strong traction in the pipeline for all of its products and expect this to continue to Q2 and the second half of the year from a bookings perspective. And finally during Q1, VelocityEH&S expanded its regulatory consulting services announced partnerships with two of the largest label manufacturers in North America to expand hazardous chemical labeling options for its customers.

https://seekingalpha.com/article/...s-earnings-call-transcript?page=2
 

https://www.finextra.com/blogposting/12772/...the-face-of-my-industry  

Quelle im letzten Posting: "The reality is that the success of insurtech depends on how start-ups and larger insurers work together, supported by the right software."  

der 10 Unternehmen aus der Vorjahresliste, die zu Geld gemacht wurden.

https://www.forbes.com/sites/alexkonrad/2017/07/...2017/#77ce794f3028  

Cisco and AppDynamics Close Their Blockbuster Deal
Barb Darrow
Mar 22, 2017
Cisco's $3.7 billion cash deal to acquire software unicorn AppDynamics, announced in January, is now officially in the books.
To commemorate the occasion, Cisco senior vice president and chief technology officer Hilton Romanski along with AppDynamics founder and chairman Jyoti Bansal; chief executive David Wadhwani; and chief technology officer Bhaskar Sunkara will ring the Nasdaq opening bell on Wednesday. That's a fairly tame ending to an acquisition that began with great drama. In December, AppDynamics, then valued at about $1.9 billion, announced its plan to go public. But in January, on the eve of the planned IPO, Cisco swooped in to make its rich offer and AppDynamics called off its coming out party.
http://fortune.com/2017/03/22/cisco-appdynamics-close-deal/

In the nine months that ended on October 31, AppDynamics posted a $95 million net loss on $158.4 million in revenue. That means revenue was up considerably year over year despite the ongoing loss: The nine months that ended on October 31, 2015, AppDynamics registered a $92.3 million loss on $102.7 million in revenue. Most of the revenue comes from subscriptions, but licenses and professional services also make contributions to the top line.
http://www.businessinsider.com/appdynamics-files-for-ipo-2016-12?IR=T
 

MuleSoft lost $50 million on $188 million in revenue in 2016, but its losses shrank from $65 million in 2015, and its revenue grew 70 percent from the previous year, according to its IPO filing. So investors will have to bet that trend will continue.
http://www.cnbc.com/2017/03/17/mulesoft-soars-44-at-ipo.html


Market Cap 3.29B
https://finance.yahoo.com/quote/MULE?p=MULE