Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

About the first quarter 2010 of Investorforce:

• Leading provider of business solutions for the institutional investment management industry

• Excellent revenue growth and EBITDA improvement in Q1

• Launched new investment manager data solution, InvestorForceCollect

• Signed a number of customers, including
– Wilmington Trust
– Towers Watson (Q2)

• Today, more than $4 trillion in combined assets are managed through the InvestorForceplatform by its clients


http://www.linkedin.com/companies/investorforce


My estimates for reveneus of the first and second quarter of Investorforce are:

1. quarter: 1.7 million

2. quarter: 1.8 million  

Summary of the revenues in the second quarter after 7 of 11 partner-companies:

ICGCommerce = 24.5 million

Metastorm = 19 million

Starcite = 14 million

Freeborders = 8.5 million

Channelintelligence = 8.5 million

Whitefence = 8 million

Investorforce = 1.8 million

Revenues of the 7 biggest of the 11 companies in the second quarter  

sollte man drin sein:

http://www.marketwatch.com/story/...les-gains-2010-07-10?siteid=yhoof  

gut verdeutlichen kann:

Allein die 81% Beteiligung an ICGCommerce   14:42 #275  
sind mehr wert als die Marktkapitalisierung von Internet Capital. Die anderen der 10 von 11 privaten Beteiligungen neben den 81% an ICGCommerce und die Cash/Wertpapiere gibt es dann noch gratis dazu

Compare ICGCommcerce with Ariba with a market-cap of 1.53 billion:

Ariba, Inc.(NasdaqGS: ARBA)
Real-Time: 17.61 0.71 (4.20%) 1:15PM EDT

Last Trade: 17.60
Trade Time: 1:02PM EDT
Change: 0.70 (4.14%)
Prev Close: 16.90
Open: 16.91
Bid: 17.60 x 100
Ask: 17.61 x 500
1y Target Est: 17.11
Day's Range: 16.88 - 17.65
52wk Range: 8.27 - 17.89
Volume: 886,128
Avg Vol (3m): 995,792
Market Cap: 1.53B
P/E (ttm): 86.38
EPS (ttm): 0.20
Div & Yield: N/A (N/A


Take a look at the revenues of Ariba and the growth of revenues by Ariba:

Income Statement Get Income Statement for:


View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Mar 31, 2010 Dec 31, 2009 Sep 30, 2009 Jun 30, 2009
Total Revenue 87,130 85,671 84,318 83,874


Compare now the revenues and the revenues growth of ICGCommerce:

ICG Commerce, one of our core consolidated companies, grew its revenue to $22.9 million in the first quarter, an increase from $18.8 million during the first quarter of 2009. ICG Commerce’s EBITDA, excluding the impact of stock-based compensation and unusual items, was $2.6 million in the first quarter, slightly below $2.8 million in the comparable 2009 period. ICG Commerce’s cash and cash equivalents were $18.7 million at March 31, 2010.


The result: Revenues of ICGCommcerce are about 25% of the revenues of Ariba, but the growth-rate of the revenues of ICGCommcere is bigger.


And now do your math: 25% of the market-cap of Ariba of 1.53 million = 382 million value for ICGCommerce.

Internet Capital is owning 81% of ICGCommerce = 310 million for this ownership alone. This 310 million are higher than the complete market-cap of Internet Capital - free of charge are the ownerships in Metastorm, Starcite, Freeborders, Channelintelligence, Whitefence, Govdelivery, Investorforce, Clickequations, Seapass and Aquirgy and additional the cash/securities. melden  

die nachstehende Aussage aus dem vorstehenden Posting:

"Internet Capital is owning 81% of ICGCommerce = 310 million for this ownership alone. This 310 million are higher than the complete market-cap of Internet Capital - free of charge are the ownerships in Metastorm, Starcite, Freeborders, Channelintelligence, Whitefence, Govdelivery, Investorforce, Clickequations, Seapass and Aquirgy and additional the cash/securities."

Schon eine der 11 privaten Beteiligungen ist mehr wert als die gesamte Marktkapitalisierung von Internet Capital. Die anderen 10 der 11 Beteiligungen gibt es umsonst und dazu den Kassenbestand und die vorhandenen Wertpapiere.  

http://messages.finance.yahoo.com/...64686&tof=1&frt=1#264686

Denn die offerieren momentan 58 neue Jobs.  

eine gute Kaufgelegenheit:

Internet Capital Group, Inc.(NasdaqGM: ICGE)
After Hours: 7.76 0.00 (0.00%) 4:29PM EDT

Last Trade: 7.76
Trade Time: Jul 12
Change:  0.18 (2.27%)
Prev Close: 7.94
Open: 8.09
Bid: 7.10 x 700
Ask: 8.55 x 700
1y Target Est: 12.00
Day's Range: 7.72 - 8.09
52wk Range: 5.76 - 11.11
Volume: 74,342
Avg Vol (3m): 249,106
Market Cap: 282.79M
P/E (ttm): 5.14
EPS (ttm): 1.51
Div & Yield: N/A (N/A)

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People viewing ICGE also viewed: DELL MSFT YHOO GE CSCO QCOM  

http://tbe.taleo.net/NA6/ats/careers/...jsp?org=FREEBORDERS&cws=1

Die offerieren 29 neue Stellen. Internet Capital hält 31% an Freeborders.  

http://www.metastorm.com/news/2010/071310-msbw.asp  

 

http://www.metastorm.com/news/2010/071310-m3.asp  

extremen Unterbewertung noch eine ziemlich Untertreibung.

http://www.welt.de/finanzen/article8446897/...t-ein-Schnaeppchen.html  

http://www.youtube.com/watch?v=u50-5j-WXTA

Internet Capital hält 36% von Starcite.  

die Kurse für Eindeckungen, sodass wir zumindest zur Zeit die allgemeine Abwärtsbewegung nicht mitmachen.  

http://messages.finance.yahoo.com/...64722&tof=1&frt=1#264722  

die Kurse für Eindeckungen, sodass wir zumindest zur Zeit die allgemeine Abwärtsbewegung nicht mitmachen.


.....ach so, und ich dachte du bist kräftig am aufstocken bei diesen günstigen Kursen,.....

muss man auch an die Streuung denken.  

Inzwischen hat Internet Capital die Beteiligung   10:03 #280  
an seinem wertvollsten Partnerunternehmen ICGCommerce auf 81% erhöht. In 2010 wird der Umsatz dieses Unternehmens erstmals über 100 Millionen Dollar liegen und in der Gewinnzone ist man schon lange.

Most important a the revenues of ICGCommerce:

1. quarter: 22.9 million (from the last quarter-report of Internet Capital)

2. quarter: 24.5 million (estimate)

3. quarter: 26.2 million (estimate)

4. quarter: 28 million (estimate)

If you, there are revenues of 101.6 million in 2010. This estimate is very conserative, because the estimate is basing on the growth-rate of the economic trouble year 2009.

Allein diese 81% sind schon mehr wert als die gesamte Marktkapitalisierung von Internet Capital.  

Metastorm, wo Internet Capital 33% hält, ist zwar in 2009 von der Krise heftig gebeutet worden und hat Umsatz verloren, aber trotzdem das EBITDA im positiven Bereich gehalten. Die folgende Bewertung ist sehr vorsichtig und liegt noch unter den 2008er Umsätzen, sodass da auch noch Raum für positive Überraschungen ist:

Important, too, Metastorm, because we can see an ipo,

1. quarter: 17.7 million (from the last quarter-report of Internet Capital)

2. quarter: 19.0 million (estimate)

3. quarter: 20.3 million (estimate)

4. quarter: 21.6 million (estimate)

If you add, there are revenues of 78.6 million in 2010.  

denn die hatten in 2008 auch schon einmal höhere Umsätze als 2009, denn in 2008 hatten sie die 50-Millionen-Grenze schon einmal überschritten, die in 2008 wieder unterschritten wurde. Inzwischen wachsen sie aber wieder sehr ordentlich.

My estimates for revenues of Starcite in 2010:

1. quarter: 13 million

2. quarter: 14 million

3. quarter: 15 million

4. quarter: 16 million

If you add, the revenues of Starcite will be 58 million in 2010.  

After strong growth in the years before 2009 by Freeborders we had a stagnation of revenues in 2009. But I believe, we will have growth in 2010 again. My estimates for the revenues in 2010 are:

1. quarter: 8.0 million

2. quarter: 8.5 million

3. quarter: 9.2 million

4. quarter: 10.0 million

If you add, the result is 35.7 million.  

Bei Channelintelligence, wo Internet Capital 50% hält, ging es sogar in 2009 mit den Umsätzen um stark bergauf:


In the report about the first quarter of 2010 we could read about the strong developement of Channelintelligence: Q1 revenue growth of 38% compared to Q1 2009, Ad spend by CI on behalf of retailer clients increased 30% over 2009 period and CI spend management fees increased over 100% over 2009 period.

Estimates for the revenues of Channelintelligence in 2010:

1. quarter: 8 million

2. quarter: 8.5 million

3. quarter: 9 million

4. quarter 9.5 million

The result are revenues of 35 million in 2010.  

in 2009 in 2010 wieder auf dem Wachstumspfad sein:

I believe, that we had stagnation in 2009 by Whitefence after strong growth in the years before. But I am sure, that Whitefence is again on the growth-path in 2010.

Partner Company
Description
Ownership
Percentage
2009 Trailing
Revenue Range

Whitefence
Online home services transactions
36%
$20M –$30M


My estimates for revenues in 2010 are:

1. quarter: 7.5 million

2. quarter: 8 million

3. quarter: 8.5 million

4. quarter: 9 million

The addition: Revenues of 33 million in 2010.  

Neuerwerbung unter den Kernbeteiligungen, die bereits 2010 ein positives Ebidta erreichen will.

Read first something about Govdelivery:

http://phx.corporate-ir.net/External.Fil...

For example on side 17 the projected increase of revenus of 9.2 million in 2009 to 12.9 mllion in 2010. Therefore my estimates for the revenues 2010 are:

1. quarter: 2.8 million

2. quarter: 3.1 million

3. quarter: 3.4 million

4. quarter: 3.7 million

That are in the result revenues of 13 million in 2010.  

durchklicken. Hier ein zweiter Versuch:

http://phx.corporate-ir.net/...xDaGlsZElEPTM3MTY0NHxUeXBlPTI=&t=1