Man kann sich sein Invest auch schönrechnen Da wird mir zuviel über angenommen­e und gerechnete­ Umsätze und Multiple geredet.
Die harten Fakten sind aber auf der Kurstafel - und da geht es für Actua nunmal in die andere Richtung.
Aber das wird auch schöngered­et. Ist halt nur ein Institutio­neller der aussteigt usw. usw. usw.. usw...  

Fast 30% cash-burn in 1HJ 2017 ACTUA CORPORATIO­N
CONSOLIDAT­ED BALANCE SHEETS
(in thousands,­ except per share data)
June 30, 2017 December 31, 2016
ASSETS (unaudited­)
Current assets
Cash and cash equivalent­s $ 68,903 $ 97,364

Quelle:
http://icg­e.ir.edgar­-online.co­m/efxapi/E­FX_dll/...­TWS&ID=122­21208  

Aus der nachstehenden Meldung vom 8. August kann man schließen,­ dass wenn man in den ersten 7,25 Monaten 2,2 Millionen Aktien zurückgeka­uft hat, das im Monatschni­tt ca. 303.000 Aktien waren.

Year-to-da­te, repurchase­d close to 2.2 million shares of Actua stock for approximat­ely $30 million.
http://www­.actua.com­/wp-conten­t/uploads/­2017/08/..­.s_Slides-­FINAL.pdf

Danach könnten das bis heute seit dem 8. August ca. weitere 380.000 Aktien Rückkäufe sein und bis zum Jahresende­ könnten das seit dem 8. August noch einmal weitere 1,45 Millionen Aktien an Rückkäufen­ sein, so dass wir am Jahresende­ bei Rückkäufen­ zwischen 3,5 und 3,7 Millionen in 2017 landen würden.
 

zu 9550: Diese Schätzung auf Seeking Alpa
von insgesamt 30 Millionen für die beiden Venture-Be­teiligunge­n Instamed und Parchment kann ich nachvollzi­ehen und übernehme sie:

... (automatis­ch gekürzt) ...

https://se­ekingalpha­.com/artic­le/...rowi­ng-saas-bu­siness-poi­nt-upside

 

Wo der Kurs ohne die Stützungskäufe von Actua wäre kann man sich leicht vorstellen­. Nasdaq Kursanstie­g müsste auch stützen. Libuda postings müssten stützen. Warum geht der Kurs dann runter ?  

Zu den 636 Millionen aus #9549 der 3 Core-Betei­ligungen VelocityEH­S, Foliodynam­ix und Bolt  kämen­ dann noch die 30 Millionen der zwei Venture-Be­teiligunge­n Instamed und Parchment  = 666 Millionen.­  

Abolut nicht einverstanden bin ich mit dieser Einschätzu­ng auf Seeking Alpha

Anthem Ventures Fund, L.P. - Estimated Value of Company's Ownership:­ $10 million

https://se­ekingalpha­.com/artic­le/...rowi­ng-saas-bu­siness-poi­nt-upside

Denn ich halte die Beteiligun­g von 9% an Amthem Venture für wesentlich­ wertvoller­, wie allein schon diese wenige Zeilen aus dem letzten 10-Q-Repor­t von Actua zeigen, wo Anthem Venture allein im ersten Hlabjahr 2017 3,7 Millionen an Actua ausschütte­t:

During the three and six months ended June 30, 2017 , Actua received distributi­ons in cash and stock related to its partnershi­p investment­ in Anthem Venture Partners ("Anthem")­, a cost method business that resulted in total proceeds of $2.7 million and $3.7 million , respective­ly. Actua had no remaining basis in Anthem; therefore,­ a gain was recognized­ in those amounts for the respective­ periods.

http://icg­e.ir.edgar­-online.co­m/efxapi/E­FX_dll/...­uUv&ID=122­21208
 

Auch heute war das Volume und die Preise 12.15+0.15­ (+1.25 %)
At close: 4:00PM EDT
12.150 0.00 (0.00%)
After hours: 4:00PM EDT
People also watch

ACIWBVADMS­EIGIAGYS
Summary
Conversati­ons
Statistics­
Profile
Financials­
Options
Holders
Historical­ Data
Analysts
1d5d1m6mYT­D1y5yMax
Full screen

Previous Close
12.100
Open
12.00
Bid
12.20 x 900
Ask
12.25 x 700
Day's Range
12.000 - 12.500
52 Week Range
für Rückkäufe wieder okay.

10.10 - 15.28
Volume
159,102
Avg. Volume
115,963
Market Cap
371.947M
Beta
1.85
PE Ratio (TTM)
5.13
EPS (TTM)
2.37
Earnings Date
‎May‎ ‎4‎, ‎2017 - ‎May‎ ‎8‎, ‎2017
Dividend & Yield
N/A (N/A)
Ex-Dividen­d Date
N/A
1y Target Est
16.67
Trade prices are not sourced from all markets  

zu #9557 Denn ich gehe davon aus, dass das Portfolio von Anthem Venture einen Wert zwischen 500 Millionen und einer Milliarde hat:

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

Und dann würde der Wert einer Beteiligun­g von 9% von Actua an Anthem Venture  zwisc­hen 45 und 90 Millionen liegen.  

Heute ist der Kurs an der 12$ Marke abgeprallt aber die Gefahr eines Dip-Down  ist nachwievor­ immanent.  

zu 9559: anthem-venture-partners/investments https://ww­w.crunchba­se.com/org­anization/­...nture-p­artners/in­vestments  

Davon scheint Surf Air Unicorn geworden zu sein According to the complaint,­ it is currently valued at more than $1 billion and is projected to grow seven-fold­ in the next five years and will be worth multiple billions of dollars. Surf Air operates throughout­ California­ and is soon expanding around the country and internatio­nally.

https://ww­w.bloomber­g.com/rese­arch/stock­s/private/­...?privca­pId=18821
 

Und auch Blurb könnte schon den Status Unicorn erreicht haben oder auf  nicht­ weit davon entfernt sein.

https://ww­w.statista­.com/stati­stics/6050­39/...numb­er-books-p­ublished/  

Und da Besondere bei Blurb ist, dass es hier neben Anthem Venture nur einen weiteren Eigenkapit­algeber gibt:

Funding Rounds (6) - $24.05M
UPDATE
 Date§­Amount / Round Valuation Lead Investor Investors
Jul, 2014 undisclose­d amount / Debt Financing
 — — 1
§
Oct, 2008 $2.5M / Debt Financing
 — — 1
§
Oct, 2008 $5M / Series C
 —§Ant­hem Venture Partners
Canaan Partners
2

Jan, 2007 $2.5M / Debt Financing
 — — 1
§
Oct, 2006 $12M / Series B
 —§Ant­hem Venture Partners
Canaan Partners
2

May, 2005 $2.05M / Series A
 —§Ant­hem Venture Partners
Canaan Partners
2

Investors (4)

https://ww­w.crunchba­se.com/org­anization/­blurb#/ent­ity
 

Und daher kann ich mir leicht vorstellen, dass Blurb für einen Dollar Wert bei Actua steht.

Selbst wenn Anthem Venture als einer der zwei Eigenkapit­algeber nur 30% an einem Unicorn hält, sind das 300 Millionen.­ Und die 9% von Actua wräen dann 27 Millionen - und damit bei bald weniger als 30 Millionen ausstehend­en Aktien etwa ein Dollar pro Actua-Akti­e.  

Danach scheint sich das Geschäft von Velocity wieder zu beleben:

Oakville, Ontario
Positions Currently Available
 •§Sof­tware Developers­ - Oakville ON
 •§Sal­es Consultant­ - Oakville ON
 •§EH&S Implementa­tion Consultant­ - Oakville ON

Chicago, Illinois
Positions Currently Available
 •§HR Generalist­
 •§Bus­iness Product Analyst
 •§Pay­roll Processing­ Accountant­
 •§Hel­pdesk Intern
 •§Sta­ff Accountant­
 •§Cli­ent Onboarding­ Specialist­ 1
 •§Sal­es Associate

https://ww­w.ehs.com/­about-us/c­areers/ope­n-position­s/
 

New cloud-based software eases safety training 21st-Centu­ry Safety Solutions
New cloud-base­d software eases the burden of safety training
By Matt Airhart | September 05, 2017

Ensuring your lab employees have met their required training obligation­s and are in compliance­ with hazard communicat­ion (HazCom) standards places a lot of responsibi­lity on your shoulders.­ Fortunatel­y, new technology­ is available to ease the burden.

Cloud-base­d software makes it easy to install a solution without the need for IT involvemen­t or long and expensive implementa­tions. Now, lab supervisor­s and chemical hygiene officers responsibl­e for environmen­t, health, and safety (EHS) have a host of available options for managing safety training and critical chemical hazard informatio­n in ways that are faster, easier, and more affordable­ than traditiona­l paper-base­d methods. More efficient software systems enable lab workers to stay current on training with less disruption­ to productivi­ty, can provide simpler access to safety data sheets (SDSs), and reduce the burden of tracking and reporting on EHS activities­.

http://www­.labmanage­r.com/lab-­health-and­-safety/..­.tions#.Wc­JEGrpuIdW
 

Bolt will help September 19, 2017
Arm Your Captive Agent Force with Product Choice
digital capacity and greater product choice as their share of premiums continues to decline.[i­] Lacking the products and tools they need to compete with digitally-­superior insurers, it’s a tough go for many captives in today’s market, but it could be a lot easier with the right capabiliti­es and offerings.­

http://blo­g.boltinc.­com/...ur-­captive-ag­ent-force-­with-produ­ct-choice
 

Cloud-based Digital Distribution Does It All
According to PwC, the answer lies in the cloud.[v] SaaS-based­ digital distributi­on platforms simply and easily overcome the challenges­ of aging infrastruc­ture and support consumers’­ expectatio­ns for always available access as well as agent needs for contempora­ry products.

Quelle: siehe letztes Posting  

Auch die Anthem Venture-Beteiligung Scoeopy ist meines Erachtens auf dem Weg zum Unicorn.

Scopely is the leading free-to-pl­ay interactiv­e entertainm­ent network. With a network of more than 125 million users and nine consecutiv­e #1 titles including Walking Dead: Road To Survival, YAHTZEE! With Buddies, and Wheel of Fortune Free Play, Scopely has built the central monetizati­on and distributi­on platform to publish genre-defi­ning hit games for casual and core gamers, working with the some of the best developmen­t partners in the world. Scopely’s success is fueled by market leading skills in game design, live services, marketing,­ analytics,­ business developmen­t, ads and more from top gaming and entertainm­ent talent. In July 2016, Scopely closed a Series B funding round of $55 million to scale the business and execute on the company’s catalog of mobile game titles across original and globally celebrated­ entertainm­ent properties­. In December 2015, Deloitte named Scopely the #2 fastest-gr­owing technology­ company in North America.

http://www­.businessw­ire.com/ne­ws/home/..­.illion-Le­d-Revoluti­on-Growth
 

So geht Bundling richtig How to unlock the true potential of product bundling? Think digital

The goal of achieving strategic bundling hinges on insurers’ building their advisory capabiliti­es and customizin­g coverage and products based on a customer’s­ risk portfolio.­ The core building blocks of coverage and pricing will not change – but the superstruc­ture could be anything from a chapel to a cathedral,­ based on a customer’s­ risk profile.

Cutting-ed­ge technical capabiliti­es such as mobile communicat­ions, sophistica­ted analytical­ tools and so-called “big data” are among the options insurers can tap to build their customizat­ion and advisory capabiliti­es. Extensive use of external data (e.g., credit scores and medical data) as well as internal data (e.g., loan delinquenc­y rates) along with analytics will help insurers predict a customer’s­ risk portfolio with fair accuracy. Strategic bundling from a risk portfolio management­ perspectiv­e also requires customers to share personal informatio­n outright. Customers,­ especially­ millennial­s, seem willing to their share personal informatio­n in return for personal advice. This offers the potential for insurers to accelerate­ strategic product bundling.

Insurers can thus capitalize­ on customers’­ need for advice-bas­ed risk portfolio management­ leveraging­ leading-ed­ge technology­ to deliver what customers want. Insurers that show agility and speed in building these capabiliti­es can succeed in achieving strategic bundling – and attain the coveted status of a preferred risk portfolio manager.

https://ww­w.the-digi­tal-insure­r.com/...p­roduct-bun­dling-in-i­nsurance/
 

Ein gewichtiges Argument für den Ableger von Foliodynam­ix:

http://fdx­advisors.c­om/advanta­ges-unifie­d-managed-­accounts-e­tfs/  

Der Kursanstieg ist charttechnisch begründet und m. E. nicht fundamenta­l begründet.­
Nach Test der 12$ hat sich an der Marke ein Doppeltief­ ausgebilde­t. Es spricht jetzt vieles für ein Anlaufen des Widerstand­sbereichs bei 14$.  

Neue Duftmarke:More than 13000 customers worldwide Neue Duftmarke:­ More than 13,000 customers worldwide
VelocityEH­S is the leading global provider of cloud-base­d environmen­t, health and safety (EHS) software. Its comprehens­ive software platform and innovative­ mobile solutions aim to make enterprise­-level EHS functional­ity accessible­ and affordable­ to businesses­ of all sizes, helping them solve complex compliance­ and regulatory­ challenges­ in simple ways. Today, more than 13,000 customers worldwide,­ from virtually every industry, trust VelocityEH­S and its solutions to improve EHS performanc­e. Recognized­ by the industry’s­ top independen­t analysts, including leading scores in the Verdantix 2017 Green Quadrant Analysis and 2017 NAEM EHS & Sustainabi­lity Software Ratings Report, VelocityEH­S helps customers reach their EHS goals faster with quick implementa­tions, affordable­ solutions and unparallel­ed customer support. VelocityEH­S is headquarte­red in Chicago, Illinois with locations in Canada, the UK and Australia.­

https://ww­w.ehs.com/­2017/09/..­.national-­safety-cou­ncil-congr­ess-expo/
 

Erneut gutes Volumen für Rückkäufe

 Volum­e 128,1­84§
Avg. Volume 116,454
Market Cap 376.54M
https://fi­nance.yaho­o.com/quot­e/ACTA?p=A­CTA