Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Das ist eine entscheidende Frage für den Bewertung von ICG Group, denn nach meiner Einschätzung steht die 85%-Beteiligung an Procurian für mehr als die Halfte des Wertes von ICG Group.



Revenues of Procurian in 2013?

Last facts about Procurian in Q3 in the slide presentation during the Conference Call was excellent or the finest of the finest:

• Q3 revenues grew 26% to $37.5 million compared with $29.9 million in Q3 2011

• Q3 EBITDA of $5.7 million compared to $5.4 million in Q3 2011

• Completed the acquisition of Utilities Analyses, (UAI) a company focusing on comprehensive energy services that help clients cut utility costs and achieve ongoing savings in both regulated and deregulated environments  

nur mit 20% hochrechnet, statt wie die 26% Wachstum von Q3/2011 nach Q3/2012, liegt man auf jeden Fall über 180 Millionen.

Meines Erachtens werden wir beim Umsatz irgendwo zwischen 180 Millionen und 190 Millionen landen.  

http://www.icg.com/default/assets/File/Presentations/webcast3Q12.pdf

Vergessen habe ich ich in #5751 noch die folgende Zahl zu Procurian:

•Total spend under management was $28 billion at the end of Q3  

den Umsatz erhöhen:

McCain Foods Signs Contract Selecting Procurian to Optimize Spending Across Global Organization

Monday, December 10, 2012

Leading Food Supplier Taps Procurian’s Specialized Procurement Infrastructure to Improve Effectiveness and Efficiency in Support of Growth Goals

PHILADELPHIA, PA – December 10th, 2012 – Leading comprehensive procurement solutions provider Procurian, formerly ICG Commerce, today announced that it has signed an agreement with McCain Foods, a leading supplier of frozen potato and snack food products for the home and food services market. Procurian will deliver a comprehensive procurement solution to help the company optimize and manage it’s spending in several categories across its global operations.

Procurian is solely focused on helping clients transform procurement into a strategic function that fuels growth through measurable savings as well as supply market insights that optimize spending. Procurian’s unique offering provides its clients access to all the components necessary to optimize indirect spending across over 350 subcategories and achieve the highest levels of procurement excellence.

http://procurian.com/about-us/press-releases/...s-global-organization  

über den sie nach dem Anstieg vom Tiefpunkt von $3,40 vor jetzt mehr als zehn Jahren schon einmal war. Geduld war also angesagt bei diesem Wert, an dem die auch in den letzten zehn Jahren die Shortseller wie die Kletten dranhingen, obwohl das eigentlich absurd war, da dieses Unternehmen kaum mehr etwas mit dem Unternehmen aus der großen Internetlbase gemeinsam hatte.


ICG Group, Inc. (ICGE)
-NasdaqGS

12.02 0.34(2.91%) 12:27PM EST - Nasdaq Real Time Price

Add to Portfolio.






Prev Close:

11.68



Open:

11.64



Bid:

12.00 x 200



Ask:

12.04 x 200



1y Target Est:

14.25



Beta:

1.94



Next Earnings Date:

18-Feb-13




Day's Range:

11.62 - 12.08



52wk Range:

8.16 - 12.02



Volume:

55,174



Avg Vol (3m):

100,608



Market Cap:

425.57M



P/E (ttm):

16.64



EPS (ttm):

0.72



Div & Yield:

N/A (N/A)  

diesem Deal fließen:

Diebold Signs Multi-Year Contract Selecting Procurian to Optimize Spending Across the Organization

Tuesday, September 11, 2012


Technology and Services Leader Partners with Procurian to Accelerate Savings in order to Fuel Growth

PHILADELPHIA – September 11, 2012 – Leading comprehensive procurement solutions provider, Procurian, formerly ICG Commerce, today announced its contract with Diebold, Incorporated (NYSE:DBD), a global leader in providing integrated self-service delivery and security systems and services, and the largest producer of automated teller machines (ATMs) in North America. Procurian will help Diebold optimize spending in areas including human resources, information technology, capital, travel, legal, marketing, and financial services categories in North America.

“In order to maintain our competitive position, we will continue to innovate in terms of collaborating with our supply partners,” said Linda Parcher, Diebold vice president and chief procurement officer. “By leveraging Procurian’s built-out Specialized Procurement Infrastructure, we can accelerate our ability to manage indirect spend and capture significant savings that can help fund our strategic efforts.”

Diebold is working with Procurian to establish a high-performance capability to improve control, reduce its cost structure and support business growth through more effective procurement.  Procurian is focused on helping clients transform procurement into a strategic function that fuels growth through measurable savings and market insights that optimize spending. Procurian’s unique offering provides its clients access to all the components necessary to optimize indirect spend and achieve the highest levels of procurement excellence, including dedicated teams of specialists with deep category expertise, real-time market intelligence, comprehensive processes and a sophisticated set of proprietary tools and technology.  

“The Diebold team sees the expanded role procurement can play in helping propel their business,” said Carl Guarino, CEO of Procurian.  “We’re excited to help this forward-thinking market leader optimize their discretionary spend.”  

kleine Popelfirma:

Form 8-K for ICG GROUP, INC.


--------------------------------------------------

29-Jan-2013

Other Events



Item 8.01. Other Events
On January 23, 2013, ICG Group, Inc. ("ICG") announced that its consolidated subsidiary, Investor Force Holdings, Inc., entered into a merger agreement to be sold to MSCI Inc. for $23.5 million. On January 29, 2013, the sale was consummated. ICG's portion of the sale proceeds consisted of approximately $20.7 million of cash, $2.1 million of which was placed in escrow to satisfy potential indemnity claims under the merger agreement. Subject to any such claims, the escrowed proceeds will be released to ICG on or around May 29, 2014.  

knacken:

ICG Group, Inc. (ICGE)
-NasdaqGS

12.10 0.10(0.83%) 11:37AM EST - Nasdaq Real Time Price

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Prev Close:

12.00



Open:

11.89



Bid:

11.99 x 200



Ask:

12.02 x 100



1y Target Est:

14.25



Beta:

1.94



Next Earnings Date:

18-Feb-13




Day's Range:

11.85 - 12.10



52wk Range:

8.16 - 12.13



Volume:

12,104



Avg Vol (3m):

100,777



Market Cap:

425.22M



P/E (ttm):

16.63



EPS (ttm):

0.72



Div & Yield:

N/A (N/A)  

http://cporising.com/2013/01/11/...ds-predictions-for-2013-solutions/  

beim Verkauf von Investorforce erheblich über dem von mir geschätzten Wert:

http://www.forbes.com/sites/ericsavitz/2013/02/06/...partner=yahootix  

Aktien zurückgekauft, was ich eigentlich permanent angemahnt habe, aber nur in einem Ausmaß trröpchenweise geschah, mit dem ich nicht immer einverstanden war.  

Procurian to Manage Indirect Procurement for Harley-Davidson

PHILADELPHIA, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Procurian announced today it has been selected to deliver its global, comprehensive Source-to-Pay solution to Harley-Davidson. The leading comprehensive procurement solutions provider will help Harley-Davidson optimize spending in its indirect procurement activities.

http://finance.yahoo.com/news/...ct-procurement-harley-140000612.html  

neben den immer noch erheblichen legalen Shortselling-Zahlen noch erhebliche Naked-Shortselling-Positionen einzudecken sind. Denn sonst wäre meines Erachtens nicht das passiert, was nach meinen langjährigen intensiven Beobachtungen immer passiert, wenn Procurian einen wichigen neuen Kunden wie heute Harley Davidson meldete - die Kurse von ICGE sanken, obwohl sie eigentlich hätten steigen müssen. Ohne Shortseller, die zusätzlich verkaufen, um den Eindruck einer zukünften besseren Entwicklung zu verwischen, ist meines Erachtens eine solche Kursentwicklung nicht möglich.

Und es war fast immer so, seit wir uns vom Tiefpunkt bei $3.40 auf das heutige Niveau bewegt haben.  

ICG Group announced it has increased its primary ownership in SeaPass Solutions from 38% to 52%. The ownership increase was achieved by purchasing equity stakes from existing holders for a total of $13M. ICG is consolidating the financial results of SeaPass beginning December 31, 2012.

Dass damit die schon vorhandenen 38% auch ca. 35 Millionen wert sind, hätte ich nie geglaubt. Damit habe ich den Wert vorhandener Beteiligungen nach Investorforce (Verkauf), Channelintelligence (Verkauf) auch bei SeaPass (Aufstockung) zu niedrig eingeschätzt.  

zu dem Interessierte zugreifen sollten.  

http://finance.yahoo.com/news/...fourth-quarter-annual-133000784.html  

http://seekingalpha.com/article/...nings-call-transcript?source=yahoo  

Slide-Show unbedingt ansehen:

http://www.icg.com/default/assets/File/Presentations/webcast4Q12.pdf  

"Yes Scott, I think overall, yes we are encouraged by what we’re seeing just in general; there is more deals in pipeline. We've really seeing that probably over the last 12 months as the deals that come in from the top of the pipeline and I think what’s most encouraging as we look at is the number of large deals in the pipeline, really from the early stage to the mid to later stage as I mentioned and I think it’s too early to say that the market's reached a at tipping point and just to remind everyone I think that’s still less than 10% of the market's been penetrated by the players in this industry."

Quelle: #5766  

Richard Fetyko - Janney Capital: Did you lose any deals throughout 2012 on the Procurian side, any customers?

Kirk Morgan (CFO of ICG Group): No

Quelle: #5766  

in 2013 noch einmal verdoppeln wird, denn die Fundamentals geben das nach meiner Sichtweise problemlos her.  

Meinung vor allem auf Procurian. Warum auch immer, hat ICG Group im Rahmen des Abschlusses bei den konsoldierten Beteiligungen bei Procurian keine Einzelzahl mehr genannt, in Q3 wurden hier als Umsatz 37,5 Millionen angeführt. Auf doeser Baos vpm Q3/2012 würde sich ein Jahresumsatz von 150 Millionen ermitteln. Wenn ich mir jetzt die erwarteten Wachsraten von ICG Group ansehe, müsste da in 2013 mindestens ein Umsatz von 180 Millionen herauskommen.

Die Frage wäre jetzt, welche Multiple auf diese 180 Millionen anzuwenden wäre. Meines Erachtens eine Zahl zwischen 3,5 und 5.  

Bereich ansetzen, würde sich für Procurian ein Wert von 720 Millionen ergeben und somit für den 85%-Anteil ein Wert von 612 Millionen. Allein dadurch würde sich bei ca. 36,5 Millionen ausstehenden Akiten ein Wert pro Aktie von 16,7 Dollar ergeben, was schon erheblich über dem momentanen Kurs liegt.  

Posted on February 19, 2013
The Rising Star category represents up and coming companies and outsourcing destinations to watch for.

San Francisco (PRWEB) February 19, 2013

Freeborders Inc., a global provider of consulting, technology and outsourcing solutions for Internet based businesses, today announced that The International Association of Outsourcing Professionals® (IAOP®) has recognized Freeborders Inc., as a Rising Star in the 2013 Global Outsourcing 100®.

“We’re pleased that we continue to get recognized in this prestigious ranking,” said Jean Cholka, CEO of Freeborders. “This is a testament to the hard work and dedication we’ve applied to expanding our offerings for mobile Web development, mobile Web applications, infrastructure support, cloud and SAP. It also illustrates the efficiencies and competitive advantage our clients are experiencing by deploying our IT services.”

The 2013 Global Outsourcing 100 and the World’s Best Outsourcing Advisors recognizes the world’s best outsourcing service providers and advisors. These rankings are based on applications received and evaluated by an independent judging panel organized by IAOP. The Rising Star category represents up and coming companies and outsourcing destinations to watch for.

“As applicants continually raise the bar and as the outsourcing industry continues to grow and mature in many markets, competition is tougher,” said Jag Dalal, Managing Director of Thought Leadership, IAOP and chairman of the judges’ panel. “Being named to The Global Outsourcing 100 and The World’s Best Outsourcing Advisors is a great achievement, particularly given the strong competition, and we are proud to recognize Freeborders for their excellence.”

To learn more about Freeborders’ portfolio of consulting and IT services, please watch the Freeborders introductory video.  

Freeborders Expands Independent Controls Ecosystem™ for Financial Services: “The positive response to our ICE offering has been tremendous,” said Graham Bolton, EVP of Financial Services Consulting at Freeborders.

Posted on February 12, 2013
Offering manages people, processes & tools for Governance Risk & Compliance (GRC).

San Francisco, CA (PRWEB) February 12, 2013

Freeborders Inc., a global provider of consulting, technology and outsourcing solutions, today announced the expansion of its Independent Controls Ecosystem (ICE)™ framework. Tailored for the financial services market, this solution allows seamless integration and management of internal controls for financial, operational and regulatory reporting.

“The positive response to our ICE offering has been tremendous,” said Graham Bolton, EVP of Financial Services Consulting at Freeborders. “Our clients in the financial sector are pleased to see that finally their demands for operational efficiency, as well as keeping up with reporting requirements like Dodd-Frank, Sox 404, Basel II and Basel III are finally being met by one technology provider.”