Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

in 2009 wird eine Marktkapitalisierung von 500 Millionen haben und mehr. Internet Capital hält 32% an Freeborders, die im Gegensatz zu anderen zusammengekauften Firmen völlig organisch gewachsen ist.  

der Finanzchef Kirk Ende der letzten Woche Aktien verkauft hat - allerdings nicht am Markt, sondern direkt an Internet Capital. In einem solchen Fall ist Internet Capital meines Erachtens verpflichtet, die Ursachen zu erläutern. Ich vermute einmal, dass hier der gleiche Tatbestand wie einst bei Buckley vorliegt: Buckley hatte bei Internet Capital Schulden, die von Aktienkäufen von Internet Capital zu Preisen in 1999/2000 von 1000 herrührten - als die Schulden fällig waren, musste Buckley an Internet Capital direkt Aktien verkaufen, um seine Schulden bei Internet Capital zu tilgen. Ähnliches könnte auch bei Kirk vorliegen, der auch schon wie Buckley seit der Dot-com-Ära bei Internet Capital ist: Schuldenrückzahlung durch Verkauf von Aktien an Internet Capital, denn bei einem anderen Verkauf wäre der Verkauf nicht direkt an Internet Capital gegangen, sondern am Markt erfolgt.  

zumal auch keine Leichen im Keller liegen können, da man weitgehend schuldenfrei ist.

Market-cap is lower than the 321 million by Yahoo     24-Sep-08 11:21 am     because Internet Capital had bought back about 2.3 million of the 38.8 million outstanding shares. Now there exist only 36.5 million with a market-cap of 303 million by the last price of $8.31. Rating :
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  Re: Market-cap is lower than the 321 million by Yahoo     5 second(s) ago     if we subtract from the market-cap of today of only 300 million the 190 million cash/securites = 110 million for all private hold companies. But the both ownerhips with the highest value, 65% of ICGCommerce and 32% of Freeborders, had a higher value than 300 million alone.  
 

Ist ICGE auch vom Shortsellingverbot betroffen, sprich darf ICGE noch leer geshortet werden?

Wie hoch ist die aktuelle Shortsellingquote?

Warum geht Bigshort nicht der Arsch auf Grundeis und deckt sich mit ICGE ein bzw. löst seine Shortpositionen auf?

Ich bitte um polemikfreie Antworten, vielen Dank.  

nachwievor möglich, nacktes Shorten ist erschwert worden. Bestehende Positionen müssen aber nicht aufgelöst werden. Zuletzt waren die offziellen Shortselling-Zahlen bei ca. 9% der umlaufenden Aktien - um diesen Wert schwanken sie aber schon seit einem Jahr.  Aber die offiziellen Zahlen sind eh ein Witz, da die SEC die Angaben nie kontolliert hat. Die Brocker haben das bei ihren Kunden nie kontrolliert und die SEC nie bei den Brokern - das wär eben die Devise des Mr. Cox, der als etrem schlimmer Ideologe nie etwas kontrolliert hat, weil er Angst hatte damit den Gehältern seiner Ex-Kollegen zu schaden, deren Arbeitsplätze er jetzt aber letztendlich mit seinen kriminellen Methoden ausgelöscht hat. Man sollte diesem Kriminellen wie einst Nixon den Prozess machen.

Nun aber zurück zu Internet Capital. Ich gehe nicht davon aus, dass weiter in großerem Umfang gegen die Vorschriften nackt geshortet wird. Das haben vermutlich aber in der Vergangenheit einige Hedge-Funds getan und Internet Capital hat nie etwas dagegen getan, was sie auch nicht tun mussten, da sie sich in den letzten Jahren weder Fremd- noch Eigenkapital über den Kapitalmarkt beschaffen mussten - vermutlich haben bestimmte Unternehmenskreise sogar mit den die Kurse drückenden Hedge-Funds zusammengearbeitet, da sie sehr langfristig an hohen Kursen interessiert waren. Aber ich kann auch nicht erkennen, dass an von den hohen Shortsellingpositionen, die nicht Bestandteil der offiziellen Zahlen sind, heruntergekommen ist. Keinen exakten Reim kann ich mir auf die Verkäufe des CFO an Internet Capital machen - das gab es in der Vergangenheit nur beim CEO Buckley, der in 2000 von Internet Capital Kredite aufgenommen hatte um Aktien umgerechnet zum heutigen Preis von 1000 zu kaufen. Ich gehe davon aus, dass der CFO, der auch schon so lange wie Buckley bei dem Unternehmen ist, in kleinerem Umfang auch dabei war. Preisfrage ist: Warum machen die das gerade jetzt? Schwer zu beantworten - aber auch Buckley tätigte seine Verkäufe an Internet Capital immer dann, wenn ein Kursanstieg anstand  und dann bremste der Kurs.  

wo Internet Capital 32% hält.

Metastorm Recognized in Deloitte’s Technology Fast 50 Program for 6th Consecutive Year     6 minutes ago     Metastorm Recognized in Deloitte’s Technology Fast 50 Program for 6th Consecutive Year

BALTIMORE, MD – September 25, 2008 – Metastorm, a leading provider of Business Process Management (BPM), Business Process Analysis (BPA), and Enterprise Architecture (EA) software for aligning strategy with execution, today announced that it has been named to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage of revenue growth over five years from 2003–2007.

“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years,” stated Gary Tabach, Greater Washington Office Regional Managing Partner, Deloitte & Touche, LLP. “Metastorm has proven to be one of the fast-growth success stories in Maryland, and we applaud their dedication to making their vision a reality.”

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Maryland, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.



About Metastorm
With a focus on enterprise visibility, optimization, and agility, Metastorm offers market-leading software for Enterprise Architecture (EA), Business Process Analysis (BPA) and Business Process Management (BPM). As an integrated product portfolio, Metastorm Enterprise™ allows organizations to improve business results by unifying strategy, analysis and execution. Metastorm is bringing together these critical disciplines to enable an understanding of enterprise architecture and strategy, accurate impact and opportunity assessment, effective process execution, and accelerated value realization for organizations worldwide. For more information on powering strategic advantage with Metastorm Enterprise, visit www.metastorm.com.  
 

sind momentan höher als die Marktkaptialisierung - die restlichen 15 privaten Beteiligungen gibt es gratis dazu

About the market of ICGCommerce     25-Sep-08 08:42 am     Welcome
Thursday, September 25, 2008Latest Procurement News
Posted: Wednesday, June 11, 2008, 11:41AM

"Procurement Outsourcing"

Global slowdown could see procurement outsourcing boom
Procurement outsourcing is set to soar as global economic slowdown continues, a new report by NelsonHall has claimed.

The specialist business process outsourcing (BPO) analysts predict that the BPO market with reach $450bn by 2012, as businesses increasingly look to offshore outsourcing to minimise costs and take advantage of the growth opportunities available in the emerging markets.

This growth will, NelsonHall claims, be most evident in the financial services and telecommunications sectors as companies begin locating functions such as procurement and finance and accounting services within these emerging economies.

“This underlying strength in the BPO market is being amplified by the current economic slowdown, placing pressure on organizations across all sectors to review their efficiency in mature markets,” the report said. Rating :
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  Re: About the market of ICGCommerce     3 minutes ago     Look at the market-cap of 1.34 billion of the competitor Ariba:

ARIBA INC(NasdaqGM: ARBA)
NEW Real-time: 15.47 0.06 (0.39%) 10:35am EThelp
Last Trade: 15.56
Trade Time: 10:21AM ET
Change: 0.03 (0.19%)
Prev Close: 15.53
Open: 15.66
Bid: 15.54 x 100
Ask: 15.57 x 100
1y Target Est: 17.43
Day's Range: 15.43 - 15.70
52wk Range: 8.26 - 18.58
Volume: 98,846
Avg Vol (3m): 1,558,630
Market Cap: 1.34B
P/E (ttm): N/A
EPS (ttm): -0.52
Div & Yield: N/A (N/A)


Sentiment : Strong Buy
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  Re: About the market of ICGCommerce     4 second(s) ago     ICGCommerce is leading in procurement services, Ariba is doing procurement service and offer software - and therefore Ariba is the bigger company with about 5-fold revenues, but the growth of ICGCommerce is faster. If we devide 1.34 billion through 5 = 268 million. Internet Capital is owning 65% of ICGCommerce.  
 

für einen Kauf von Internet Capital:

The best argument for Internet Capital are the holders     10 second(s) ago     TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported

FMR LLC 3,850,000 9.94 $29,760,500 30-Jun-08

DIMENSIONAL FUND ADVISORS INC 3,280,462 8.47 $25,357,971 30-Jun-08

GENDELL, JEFFREY L. 3,262,780 8.43 $25,221,289 30-Jun-08

Capital World Investors 2,869,000 7.41 $22,177,370 30-Jun-08

MASON CAPITAL MANAGEMENT, LLC 2,304,164 5.95 $17,811,187 30-Jun-08

SCHNEIDER CAPITAL MANAGEMENT, L.P. 1,967,592 5.08 $15,209,486 30-Jun-08

COLUMBIA PARTNERS, L.L.C, INVESTMENT MANAGEMENT 1,878,351 4.85 $14,519,653 30-Jun-08

Barclays Global Investors UK Holdings Ltd 1,522,305 3.93 $11,767,417 30-Jun-08

EMERALD ADVISERS 1,421,957 3.67 $10,991,727 30-Jun-08

VANGUARD GROUP, INC. (THE) 1,281,243 3.31 $9,904,008 30-Jun-08


TOP MUTUAL FUND HOLDERS

Holder Shares % Out Value* Reported

FIDELITY GROWTH COMPANY FUND 3,850,000 9.94 $30,954,000 31-Jul-08

SMALLCAP WORLD FUND 2,869,000 7.41 $22,177,370 30-Jun-08

DFA U.S. SMALL CAP VALUE SERIES 1,271,297 3.28 $12,789,247 31-May-08

DFA Tax Managed U.S. Targeted Value Port 436,786 1.13 $4,394,067 31-May-08

DFA U.S. MICRO CAP PORTFOLIO 368,125 .95 $3,703,337 31-May-08

VANGUARD TOTAL STOCK MARKET INDEX FUND 363,546 .94 $3,806,326 31-Mar-08

ISHARES RUSSELL 2000 INDEX FD 331,285 .86 $2,560,833 30-Jun-08

COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 228,730 .59 $2,394,803 31-Mar-08

Phoenix Equity Tr-Phoenix Small Cap Growth Fd 221,000 .57 $1,708,330 30-Jun-08

BRUCE FUND INC 210,000 .54 $1,623,300 30-Jun-08


 

http://econoblog.pagini-web.net/2008/03/02/china-software-outsourcing/

Internet Capital hält 32% am führenden IT-Outsourcing-Unternehmen Chinas. Bei einem IPO in 2009 dürfte die IPO-Marktkapitalisierung von Freeborders bei 500 Millionen bis einer Milliarde Dollar liegen. Wenn sich die Börsen bis dahin gut entwickelt, könnte auch ein Marktkapitalisierung jenseits der Milliardengrenze herausspringen.  

ist mit 9,94% der größte Eigner von Internet Capital:


The best argument for Internet Capital are the holders     28-Sep-08 05:41 pm     Biggest owner of Internet Capital with 9,94% of the outstanding shares ist Fideliy, the biggest investor of the world.

FMR Company Description
FMR is semper fidelis (ever faithful) to its core business. The financial services conglomerate, better known as Fidelity Investments, is one of the world's largest mutual fund firms. Serving more than 23 million individual and institutional clients, Fidelity manages more than 300 funds and has more than $1.5 trillion of assets under management. It also operates a leading online discount brokerage and has more than 100 investor centers in the US and Canada, as well as locations in Europe and Asia. The founding Johnson family controls FMR; Abigail Johnson, CEO Ned Johnson's daughter and perhaps his successor (not to  

 

http://www.mffais.com/icge.html  

und auch Metastorm selbst:

http://www.supplychainbrain.com/content/...rom-corporate-strategists/

Internet Capital hält 32% an Metastorm, die einen IPO mit einem S1-Filing an die SEC angekündigt haben, es aber wegen der Marktverhältnisse noch nicht durchzogen.  

http://americancityandcounty.com/technology/...wn_barriers/index.html  

Market-cap is 20 million lower than the 293 million from Yahoo reported     29-Sep-08 04:57 pm     because Internet Capital had bought back share for about 20 millon. Therefore the market-cap is not 293 million, the market-cap is only 273 million. That means in the result, that by 190 million cash(securites and no debts the valuation of the ownership in 15 private hold companies is only 83 million. But 65% of ICGCommerce has worth of near 200 million alone, or 32% of Freeborders has worth of about 150 million alone, or 34% of Starcite has worth of about 120 million alone, or worth of 32% of Metastorm has worth of 85 million alone ............

Last Trade: 7.57
Trade Time: 4:00PM ET
Change: 0.65 (7.91%)
Prev Close: 8.22
Open: 7.97
Bid: N/A
Ask: 12.98 x 1300
1y Target Est: 17.00
Day's Range: 7.55 - 8.30
52wk Range: 6.79 - 13.94
Volume: 187,388
Avg Vol (3m): 185,391
Market Cap: 293.06M
P/E (ttm): N/A
EPS (ttm): -0.68
Div & Yield: N/A (N/A)  
 

sind Krisen ein Nonevent, z.B. offeriert ICGCommerce, wo Internet Capital 65% hält, 58 neue Jobs:

https://icgcommerce.tms.hrdepartment.com/cgi-bin/...rchjobs_quick.cgi  

Internet Capital is the most undervalued share of the Nasdaq with only 270 million market-cap - this is 20 million lower than the 290 million from Yahoo reported, because Internet Capital had bought back shares for about 20 millon. Therefore the market-cap is not 290 million, the market-cap is only 270 million. That means in the result, that by 190 million cash(securites and no debts the valuation of the ownership in 15 private hold companies is only 80 million. But 65% of ICGCommerce has worth of near 200 million alone, or 32% of Freeborders has worth of about 150 million alone, or 34% of Starcite has worth of about 120 million alone, or worth of 32% of Metastorm has worth of 85 million alone ............

Last Trade: 7.57
Trade Time: 4:00PM ET
Change: 0.65 (7.91%)
Prev Close: 8.22
Open: 7.97
Bid: N/A
Ask: 12.98 x 1300
1y Target Est: 17.00
Day's Range: 7.55 - 8.30
52wk Range: 6.79 - 13.94
Volume: 187,388
Avg Vol (3m): 185,391
Market Cap: 293.06M
P/E (ttm): N/A
EPS (ttm): -0.68
Div & Yield: N/A (N/A)  

Look at the private hold companies, which are valued altogether with only 80 million:

65% of ICGCommerce

www.icgcommerce.com

32% of Freeborders

www.freeborders.com

34% of Starcite

www.starcite.com

32% of Metastorm

www.metastorm.com

46% of Channelintelligence

www.channelintelligence.com

35% of Whitefence

www.whitefence.com

53% of Vcommerce

www.vcommerce.com

80% of Investorforce

www.investorforce.com

30% of Commerce360

www.commerce360.com

5% of Emptoris

www.emptoris.com

9% of Anthem Venture

www.anthemvp.com

and other smaller ownerships.

My advice: Click it all.
 

http://www.metastorm.com/news/2008/093008.asp

Internet Capital hält 32%.  

da nützen leider alle Fakten nichts mein lieber Libuda. Tatsache ist, dass täglich weitere Verluste zu verzeichnen sind. Heute "nur" 5,6%. Wenn das so weitergeht sind die Prognosen von 1 USD nicht weit daneben, leider.  

und 190 Millionen Cash/Wertpapiere = 5 Dollar, sind Prognosen von einem Dollar mit Sicherheit weit daneben, zumal Internet Capital keine Schulden hat. Die ca. 15 nicht an der Börse notierten Beteiligungen sind in diesen fünf Dollar nicht enthalten. Aber allein die wohl´wertvollste Beteiligung von diesen 15, ICGCommerce, lässt den Wert schon über den momentanen Börsenkurs ansteigen. Denn auch wnn man den Wert für die 65% an ICGCommerce extrem niedrig mit 150 Millionen ansetzt, sind das 4 Dollar pro Aktie und mit den obigen 5 Dollar zusammen 9 Dollar - also schon einiges höher als der momentane Kurs. In die anderen 14 Beteiligungen wie 34% an Starcite, 32% an Freeborders, 32% an Metastorm, 46% an Channelinteligence, 53% an Vcommerce, 35% an Whitefence, 30% an Commerce360, 9% an Anthem Venture, 80% an Investorforce, 5% an Emptoris und andere gibt es zu den obigen neun Dollar pro Aktie noch gratis dazu.  

bei Internet Capital identisch - ein in der Internetszene einmaliges Ereignis.  

Estimate for the revenues of the 8 core-companies in the 3. quarter

In last report we could read: "In the second quarter of 2008, aggregate revenue of the eight core companies grew 31% year-over-year, to $64.5 million from $49.4 million in the second quarter of 2007."

I believe, Internet Capital will report about revenues of 68 million in the third quarter. My estimate for all four quarters in 2008 are revenues ob about 270 million. In the average Internet Capital owns 47% - that are proportional revenues from the eight core companies of about 127 million.  
 

Estimate for the revenues of the 8 core-companies in the 3. quarter     12 minutes ago     In last report we could read: "In the second quarter of 2008, aggregate revenue of the eight core companies grew 31% year-over-year, to $64.5 million from $49.4 million in the second quarter of 2007."

I believe, Internet Capital will report about revenues of 68 million in the third quarter. My estimate for all four quarters in 2008 are revenues ob about 270 million. In the average Internet Capital owns 47% - that are proportional revenues from the eight core companies of about 127 million.


Sentiment : Strong Buy
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  Re: Estimate for the revenues of the 8 core-companies in the 3. quarter     4 minutes ago     My estimate for the proportional revenues of the other private hold companies = 20 million (8 million proportional revenues from Emptoris, 9 million proportional revenues from Anthem Venture and 3 million proportional revenues from the other 5 companeis together).

127 million from the eight core-companies and 20 million from the seven other companies = proportional revnenues of 147 million. Rating :
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  Re: Estimate for the revenues of the 8 core-companies in the 3. quarter     4 second(s) ago     Internet Capital is the most undervalued share of the Nasdaq with only 270 million market-cap - this is 20 million lower than the 290 million from Yahoo reported, because Internet Capital had bought back shares for about 20 millon. Therefore the market-cap is not 290 million, the market-cap is only 270 million. That means in the result, that by 180 million cash(securites and no debts the valuation of the ownership in 15 private hold companies is only 90 million.

And now compare this 90 million with proportional revenues of 147 million - that only 0.6-times-revenues - with about 5-times-revenus the number of techs in the S+P500 is more than 8-fold.


Sentiment : Strong Buy

 

23.September There are 3056000 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $8.824. -und der Chart ist immer noch abwärts gerichtet
Expected next earnings release:
Announcement date: 10/30/2008 - Before Market
Earnings Quarter: Q3

http://quotes.freerealtime.com/rt/frt/...300267u8743&SA=Latest%20News  

ist nur der in den offiziellen Statistiken enthaltene - den kannst Du aber haken, da die Broker gar nicht kontrollieren, wer shortet und schon gar nicht wer nackt shortet.  

sein, denn an eine Miniportion von gerade einmal nur 300 Stück kam ich erst bei 5,44 ran.