Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

7,34 EUR
+0,10 | +1,38%
   Berlin-Bremen Bid 7,34
2.000
 Ask 7,50
2.000
 
US46059C2052 | Aktie
Internetservice | USA  

Details
Eröffnung 7,34
Höchstkurs 7,34
Tiefstkurs 7,34
Vortag 7,24
Umsatz (in Stück)  6  
Umsatz (in EUR)  44,04  
Preisfeststellungen 2
 
letzte Umsätze
11:09:48  6  7,34  
09:06:13  0  7,34  
 
 
Das ist genau die Stückzahl und das Limit wie beim momentanen außerbörslichen Consors Kurs.Ob die den Kurs mit nichts oder wenig Aktien hinbiegen ?  
 
 
 

obwohl ich das anfangs nicht geglaubt habe, weil ich den deutschen Notierung kaum Bedeutung zugemessen habe. Inzwischen hat irgendjemand so gestrichen die Hosen voll, dass er im Vorfeld von Island - nur bis zur Eröffung von Island kommen die Miniumsätze im wesentlichen vor - in Deutschland manipuliert (zumindest nach den Buchstaben des Wertpapierhandelsgesetzes).

Aber das hat mittel- und langfristig, vermutlich auch schon kurzfristig keine Chance, denn wir haben bei den anteiligen Umsätzen von ca. 120 Millionen bis 125 Millionen der nicht an der Börse notierten Beteiligungen ein Kurs-Umsatz-Verhältnis von 1,8.

In der Financial Times Deutschland kann man über die Bewertung der Technologie-Aktien im S&P500 lesen: "Das entspricht dem 5,9fachen Umsatz, die Dutzendanbieter IBM, Hewlett Packard, Dell und Motorola außen vor gelassen, steigt das Kurs-Umsatz-Verhältnis auf sieben."

Selbst wenn wir nur einen Vervielfacher von 5,9 annehmen, ergibt sich zu 1,8 eine Differenz von 4,1. Bei 120 bis 125 Millionen anteiligem Umsatz ergibt sich schon hieraus ein Potenzial von 500 Millionen Dollar zusätlich Kurssteigerung, was bei knapp 40 Millionen Aktien immerhin 12,50 Kurssteigerung gegenüber den 9,50 von jetzt wären, also insgesamt 22 Dollar.

Bei einem Vervielfacher von 7 ergibt sich 1,8 eine Differnz von 5,9, was auf eine zusätzliches Kurspotenzial von 700 Millionen Dollar hinausliefe - ca. 17,50 Dollar Kurssteigerung gegenüber den 9,50 von jetzt, also insgesamt 27 Dollar.

Through this partnership, corporations can receive for each of their clients a credit score from eCredit coupled with a Moody's KMV EDF™ (Expected Default Frequency) credit measure, giving the corporation better insight into decisions on extending credit to clients. Moody's KMV EDF credit measures assess probability of default over a specified period of time. The CreditEdge® integration furnishes EDF credit measures for a corporation's public clients, based on market data. The RiskCalc™ integration provides EDF credit measures for a corporation's nonpublic clients based on private firm financial statements that exist within eCredit.



About eCredit
eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software supports the mission critical processes of granting credit, monitoring portfolio risk, and collecting accounts receivables. eCredit also offers a comprehensive industry specific credit reporting and scoring solution that includes tens of millions of trade experiences on millions of companies, developed as a result of 14 years of credit management leadership. With deep roots in the credit and collections community, eCredit has continually demonstrated results by helping companies reduce bad debt and DSO while improving productivity and lowering costs. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include AB Electrolux, American Airlines, Chevron, Cisco, Ferguson, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.

eCredit.com and the eCredit.com logo are registered trademarks.

About Moody's KMV
Moody's KMV, a wholly owned subsidiary of Moody's Corporation, is the world's leading provider of quantitative credit risk solutions, financial analytics, and internal risk ratings to lenders, investors and corporations. Moody's KMV's tools and services provide current default probabilities, recovery estimates, valuations and correlations, and are widely used to assess portfolio risk/return. Moody's KMV serves over 2,000 clients in 80 countries, including most of the world's 100 largest financial institutions. The company maintains the largest database of corporate defaults in the world. In addition to its San Francisco headquarters, Moody's KMV has offices around the globe to serve its international customer base. Further information is available at www.moodyskmv.com.

quality assurance, as well as our fail over site and other internal hardware. Physical and logical security
were key considerations in building out this area,” Matas said. “Our primary production servers will continue
to be co-located with SunGard’s in a secured location in Philadelphia. In total, we now have over 35 secure
servers dedicated to InvestorForce between the two locations.”
InvestorForce’s product suite includes Altvest, a comprehensive hedge fund database with fully integrated
analytical and reporting tools; InvestorForce, a comprehensive traditional asset class database with fully
integrated analytical and reporting tools; and InvestorForce’s enterprise application which streamlines the
daily collection of client specific custodial data and integrates full monitoring, analytical and reporting
capabilities.
InvestorForce has over 500 clients in 22 countries, including leading investment consultants, money
managers, institutional investors, prime brokers, broker-dealers, wirehouses, family offices, banks, bank
trusts, hedge funds and fund of hedge funds. Additional information about the company and its products is
available at www.InvestorForce.com.

kann man geteilter meinung sein!

www.interactivebrokers.com/en/trading/...ty=de&ln=&b=HZO&e=ILC



ICE  USD INTERCONTINENTALEXCHANGE INC  

und eigentlich auch kein Problem.

Was mich interessiert ist, welche Leerverkäufe in den offiziellen Statistiken auftauchen - nur die durch eine Wertpapierleihe gedeckten oder auch die nackten? Meines Erachtens sind letztere statistisch nicht erfassbar - und kann ich mir vorstellen, dass hier eine großere Menge von einem Termin zum anderen Termin "überrollt" wird. Denn nach meinen Informationen muss nacktes Shorten spätestens nach 60 Tagen durch eine Wertpapierleihe oder Eindecken beendet werden. Kontrollieren kann man das logischerweise nicht - große Spieler werden hier kein Vergehen riskieren, für kleine Spiele lege ich keine Hand ins Feuer. Wie das kontrolliert wird, weiss ich auch nicht.

Nur das Überrollen, das ich oben angeführt habe, erklärt große Teile der Kursentwicklung.

Re: German Boards speak about fair value
by: bakerfrick
Long-Term Sentiment: Strong Buy  05/09/06 01:34 pm
Msg: 240725 of 240731

http://www.ariva.de/board/239227?pnr=2545570#jump2545570

Metastorm Teams with Microsoft to Launch Executive Seminar Series

Three City Tour to Explore BPM Strategies and Technology


BALTIMORE, MD – May 8, 2006 – Metastorm, a leading provider of Business Process Management (BPM) software for modeling, automating, integrating, and improving both human and system-based processes, today announced a three city executive seminar series with Microsoft Corporation entitled “Breakaway BPM – A New Era of Business Process Management.”

This seminar series is aimed at progressive executives looking for practical advice on how to transform their business with technology and about learning which technology solutions can help them reach their business goals. Attendees will be educated on the value of BPM and the key elements of successful BPM implementations using combined Metastorm and Microsoft technologies.

The seminars will all take place at Microsoft’s facilities on the following dates:

Tuesday, May 9, 2006
New York, NY
www.metastorm.com/NewYork

Wednesday, May 10, 2006
Boston, MA
www.metastorm.com/Boston

Thursday, June 1, 2006
Chicago, IL
www.metastorm.com/Chicago

For more information or to register visit www.metastorm.com.



About Metastorm
As the first breakaway BPM vendor, Metastorm is a leader in business process management (BPM) software and best practice methodologies for modeling, automating, integrating, and improving both human and system-based processes. Metastorm BPM™ is a complete solution for roundtrip process improvement, designed specifically to address complex processes that are unique to organizations. Metastorm’s 1200+ global client base in manufacturing, retail, financial services, business services, healthcare and government are achieving rapid ROI and Enterprise Process Advantage® in customer service, supply chain operations, risk management, and internal operations. For more information visit www.metastorm.com.

SkandiaBanken has already realized tangible, competitive results from the implementation of Metastorm BPM, including a decrease in the manual work required by the customer service staff and the simplification of the online registration process for new customers. Most importantly, the Metastorm BPM software combined with expertise in implementation from Creuna provided SkandiaBanken with a solution that was easy to implement, simple to maintain and agile enough to expand to the ever changing demands of SkandiaBanken’s financial business environment.

“The selection of Metastorm by a banking leader like SkandiaBanken speaks to the value that Metastorm BPM is providing to organizations all over the world,” stated Neil Berry, director of Northern Europe for Metastorm. “BPM is now the foundation for SkandiaBanken to address all of its critical online banking processes and Metastorm is excited that SkandiaBanken has realized so quickly its goals for process automation and improvement.”

About Creuna A/S
Creuna is a Scandinavian consulting company focusing on business process management, e-Commerce, enterprise content management and enterprise portal implementation. Creuna has 160 employees with offices in Oslo, Stockholm and Copenhagen.

About Metastorm
As the first breakaway BPM vendor, Metastorm is a leader in business process management (BPM) software and best practice methodologies for modeling, automating, integrating, and improving both human and system-based processes. Metastorm BPM™ is a complete solution for roundtrip process improvement, designed specifically to address complex processes that are unique to organizations. Metastorm’s 1200+ global client base in manufacturing, retail, financial services, business services, healthcare and government are achieving rapid ROI and Enterprise Process Advantage® in customer service, supply chain operations, risk management, and internal operations. For more information visit www.metastorm.com.

die schon einmal abgeschrieben hatte.

Company GoIndustry PLC  
TIDM GOI
Headline Raises GBP 5 Million
Released    07:00 09-May-06
Number 6415C



GoIndustry plc / Market: AIM / Epic: GOI

9 May 2006

GoIndustry plc (‘GoIndustry’ or ‘the Company’)



Placing and Convertible Debt Vehicle to Raise £5 Million



GoIndustry plc, the AIM listed industrial machinery and equipment auctioneer, has raised £5 million through both the placing of 12,000,000 new ordinary shares of 5p each in the Company ("New Ordinary Shares") at 17.5p per share with UK institutions and a convertible debt vehicle.  The proceeds of the funding will provide capital to support the Company’s growth strategy and will provide sufficient working capital for the foreseeable future.



The convertible debt vehicle is a three-year note which carries a coupon of 8 per cent. per annum payable quarterly and converts at 21p.



Application has been made for the admission of the New Ordinary Shares to trading on the AIM market.  The New Ordinary Shares will rank pari passu with the existing ordinary shares of 5p each in the Company and dealings in the New Ordinary Shares are expected to commence on 11 May 2006.



* * ENDS* *



Contacts:

John Allbrook               GoIndustry plc, www.goindustry.com               Tel: 020 7098 3700

Isabel Crossley             St Brides Media & Finance Ltd                        Tel: 020 7242 4477

Die Verwässerung gefällt mir zwar nicht, aber vielleicht stellen die mit dem Geld doch etwas Vernünftiges an.

In keeping with the UK regulator’s concerns over the levels of unsigned confirmations, the Federal Reserve called in key credit derivative players this month to discuss “a range of important issues with a focus on market practices” including that same thorny problem. Peter Bakstansky, spokesman for the New York arm of the Federal Reserve, revealed that any communiqué after the discussions was unlikely to “pop out of the box”.

It followed a 273-page report from the Counterparty Risk Management Policy Group II (CRMPG II) titled ‘Toward Greater Financial Stability: A Private Sector Perspective’, which on confirmations recommended: “…as a matter of urgency market participants apply additional resources to this task…”

The industry needs fast solutions. The International Swaps and Derivatives Association (ISDA) reckons the average dealer handled twice as many credit derivatives trades in 2004 as in the year before. Stepping into the breach is T-Zero, a recently-launched company behind a start-up electronic processing and messaging platform dedicated to achieving operational efficiencies in the credit derivatives markets. The platform was expected to handle its first processes this month.

Incubated by Creditex Inc, which developed the first e-trading platform in credit derivatives, the new entity is being spun-off and provides a cost-effective solution to post-trade processing issues.

Mark Beeston, T-Zero’s president who served as chief operating officer for integrated credit trading at Deutsche Bank in London since 2002, says a purely chance meeting on a flight to New York with Sunil Hirani, chief executive of the holding company that owns T-Zero, galvanised Mr Beeston’s interest in joining the venture.




Connection

The system is designed to work with electronic derivatives trading platforms operated by other brokers, booking systems and downstream operational function suppliers in an “agnostic“ and unbiased way. “There is nobody that we would not connect to and I do not think there is anybody we would not bring a benefit to - either internally or to a third-party,” says Mr Beeston.

Trade information will be sent to prime brokers, risk management systems and other back office destinations. Benefits, in addition to huge cost reductions in per trade processing costs, include 100 per cent trade data accuracy on ‘T+0’, complete electronic audit trail, low-cost two-way connectivity to the Depository Trust & Clearing Corporation (DTCC) and other providers, electronic notification of novations, and complete automation of prime brokerage give-up workflow.

With novations, where a derivatives trade is stuck between a hedge fund and a bank say, while the trade is still in place, the hedge fund might decide to sell its interest to a third-party. Such an assignment of the hedge fund’s side of the trade to another party requires the notification and agreement of all these parties. T-Zero brings greater transparency.

In other developments, the DTCC and financial technology firm Communicator announced in June they were forming a link to help centralise post-trade processing for over-the-counter derivatives trade confirmation for end-user firms. This effort would provide a single place for users to upload trade data and track confirmation statuses. And, on the same day T-Zero launched, interdealer-broker ICAP created a link with the DTCC for post-trade processing of credit default products.

Mas Nakachi, senior business analyst at Calypso, one of the leading technology vendors in the credit derivatives market from a trading and risk management perspective, says the issue should be viewed as part of a front-to-back approach.

“From day one we have been developing our platform around the notion of being part of the credit derivatives ecosystem,” he says. “This we define as everything from Mark-it Partner’s RED initiative as well as all the electronic trading and post trade initiatives coming on line. We understood fairly early on that it was not just about front-end analytics, but a solution that is essentially more holistic in nature and how it addresses risk. Operational risk is often overlooked.”

Mr Nakachi in adding that Calypso’s offering ties in “seamlessly” to the ecosystem as it develops, says the firm addresses risk from a pre-trade analytics perspective all the way through processing after the trade has been executed.

Scrittura, a US company acquired this August by Nasdaq-listed Interwoven, provides software specifically focused on the OTC derivatives market. John Lewis, chief executive officer of Scrittura, says that while matching systems are a part of the jigsaw, they have “not had a huge uptake” and many have come and gone.

With Scrittura, after a client executes a trade there are a series of confirmation approval procedures to ensure various criteria such as the amount, counterparty, credit limits, legal approvals are met and meet the master agreements, before information is sent to the matching unit.

Whatever else, it is still reassuring to note that the industry has set in motion some initiatives to deal with back office confirmations and settlement issues. Whether it is sufficient is a good question.

This time next year the British Bankers Association’s forecast for the credit derivative market could top $10,000bn.


Die "nur" 13% Wachstum bei den Kernbeteiligungen im 1. Quartal 2006 gegenüber dem Vorjahr waren vor allem von Credittrade verursacht - denn ohne Credittrade wären es fast 30% gewesen. Da sich die oben geschilderten Problem im Laufe von 2006 auflösen werden, werden von CreditTrade dann auch wieder statt negativer Einflüsse postive ausgehen.

zwischen 9,35 und 9,40 Dollar.

aber wenn die Internet Capital-Beteiligung CreditTrade "the leading ....." formuliert, würde das die Konkurrenz nicht zulassen, wenn es nicht so wäre.

Welcome to CreditTrade

CreditTrade is the leading provider of transaction, data and information ... CDS Prices - EUROPE Last Updated - Wed 26 Apr 2006 08:35 BST, back to top ...
www.credittrade.com/home/ services/selectedbenchmarks.aspx - 144k - Cached - Similar pages

wird Internet Capital momentan mit 11 Dollar bewertet:

In May 2006, we repurchased $3.5 million of principal amount of the senior convertible notes due April 2009 for $4.3 million in cash. The remaining principal balance at May 9, 2006 totals $33.5 million.

Man hat aus dem nach wie vor großen Kassenbestand weiter die erst in 2009 fällige Wandelschuldverschreibung vorzeitig getilgt. Für die Tilgung von 3,5 Millionen Nennwert mussten 4,3 Millionen aufgebracht werden, was einem Kurs von 123% entspricht. Der Wandlungskurs beträgt 9,15 Dollar. 123% von 9,15 Dollar ergeben einen Kurs von 11 Dollar - das ist also der Kurs, der momentan auf dem Markt für Wandelanleihen als Kurs von Internet Capital unterstellt wird.  

die man nutzen sollte. Wer 100.000 Dollar übrig hat, kann versuchen ihm auch die 9.900 Stück zu 9,49 Dollar abzukaufen. Wetten dass, dass das nicht geht - denn bei der Annäherung an diesen Preis zieht er schlagartig sein Angebot zurück. Denn er würde dann die Zahl der verkauften Stücke, die er noch nicht hat weiter ein Stück erhöhen.  

Shortseller spielt gerade Opa's letzte Nummer - da sollte man idealen Kaufkursen untern 9,30 Dollar dabei sein.

"Und wenn Du meinst' Du hättst das Glück,
dann zieht der Short den Arsch zurück."

Nie wurde die Manipulationsstrategie deutlicher als heute - und somit auch, dass der normale Gleichgewichtspreis wesentlich höher liegt. Nach dem Wertpapierhandelsgesetz wäre ein derartiges Verhalten in Deutschland verboten - nämlich das Setzen von Scheinverkäufen. In den USA scheint das erlaubt zu sein - oder es wird von der SEC zumindest bisher nicht geahndet. Sei's drum, man sollte das Beste daraus machen: nämlich zuschlagen.

der Stunde, denn momentan verkauft nur der Shortseller leer und keiner macht mit, das macht die Sache des Shortsellers aussichtichlos.

Warum keiner mitmacht?

1. Wir haben schon eine der extremsten Unterbewertungen an der Nasdaq - vermutlich sogar die extremste überhaupt.

2. Und die Fundamentals werden jeden Tag besser. Z.B. entpuppt sich Metastorm, wo man 42% hält, immer mehr zum Renner:

To tackle both issues, Blue Rhino chose e-Work, a business process management platform from Metastorm. Blue Rhino is automating multiple processes using the platform, ranging from operational and financial to human resources and customer service processes.

"We first looked at e-Work for the supply chain problem we were trying to solve," Zertuche recalls. "When the professional services team came in to show us the product, we immediately saw other items that e-Work could help us with. One of them was getting ready for Sarbanes compliance."

On the operational side, Blue Rhino is using e-Work to automate its inventory procurement process. The system helps keep track of cylinders so Blue Rhino can order and transfer inventory among its 52 distributors. The company also is using e-Work to automate the process of bringing on new hires - making sure all the required paperwork is done and IT resources are provided, for example.

On the SOX front, Blue Rhino is using e-Work for its IT change control management process. The software keeps track of changes to IT systems and provides the documentation Blue Rhino needs to attest to the adequacy of its internal controls.   Continued

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Und das Nachsetzen nicht vergessen, noch ist Kaufzeit. Über 60% läuft über Island - das Material dürfte komplett vom Shortseller kommen. Zudem verkauft der auch direkt über die Nasdaq um seine Strategie zu verdecken - ich tippe daher eher auf 75% Shortselling und der Rest Daytrader, die bald rausmüssen. Wenn der Short deren Kauf nicht durch weitere Verkäufe covered, ist heute ein Mini-Squezze-Out perfekt. Davor sollte man drin sein.

"In our previous state, it was hard for management to be able to see the performance of the business processes -- to see into it and measure it," said Jim Waldo, vice president of IT at Great Clips. The company decided to automate its processes to give executives the visibility they need to manage them more proactively, he said.

That decision came after an internal analysis in 2003 determined that the company's procedures were preventing it from meeting growth plans.

The internal study found, among other things, that people in various steps in the process -- such as internal employees, real estate agents and contract managers -- had to spend significant time searching for information before handing it off to the next person in the chain.

Great Clips officials decided to automate its processes using Metastorm Inc.'s eWork business process management (BPM) suite and Interwoven Inc.'s MailSite Document Management suite. Meta-storm's BPM suite is designed to support design, integration and deployment of new internal procedures while integrating them into existing applications and systems.

For the first phase of the project, from July 2004 to July 2005, Great Clips developers used the Metastorm tool to automate and streamline the course of action for opening a new salon. Prior to completing the first phase, the 120-step process included eight specialized roles and 50 users.

Automation let Great Clips eliminate 20 of those steps. The most important result, Waldo said, was eliminating the steps that required people to wait for "days up to two weeks for information that was already in the building."

The project required significant effort from Great Clips developers working with the third-party tools, Waldo noted.

For instance, he said, the learning curve for Metastorm tools was steep. To make sure all the developers gained proficiency in the product, the company required that its entire development team first attend training as a group and then immediately begin work on a pilot project with limited scope and integration.

In addition, the developers had to make sure Interwoven's MailSite product -- which captures and stores content directly from Microsoft Outlook -- was tightly integrated with the desktop information manager.

Dennis Byron, an analyst at IDC in Framingham, Mass., said the ideal application of BPM tools is making communications with internal and external users -- such as business partners or suppliers -- easier. In addition, he noted that overhauling and automating business processes isn't trivial.


Timeline: A Business Automation Project

von Metastorm, wo Internet Capital 42% hält, in einer anderen Darstellung.

www.intelligententerprise.com/...cle.jhtml?articleID=185300346

Metastorm ist inzwischen der weltweit größte Pure Play im Bereich des Business Process Management - und dadurch ein Übernahmekandidat für einen Big Player: Oracle, SAP und andere.

Die Nicname ist schon klasse Libuda:

bakerfrick

Das ist wahrlich ein Fachmann. Sag mal warum kaufst du heute nicht den Markt in Amerika leer. Lese nichts davon das du heute kaufst, stattdessen nur der Pushversuch an andere in die Aktie einzusteigen. Wenns so eine einmalige Gelegenheit ist, nutze sie und kaufe heftigst nach. Aber ich glaube eher dir geht der Arsch auf Grundeis.

Los Libuda mach die Kohle locker, der Kurs ist unter 9 USD gefallen. Bereits 360.000 Stück in Amerika gehandelt, heute geht, was der Shortseller hat seine Spendierhosen an.
Warum steigst du nicht massiv ein, so billig bekommst du sie nie wieder (deine eigenen Worte, also laß Taten folgen). Bis Jahresende hast du mindestens das doppelte verdient.
Ach was schreibe ich, das dreifache wenigstens.

sei doch nicht so streng mit libuda alias hersto alias esla alias snag!
der Kurs ist halt unter dem , zu dem er vor 4,5 Jahren erstmals zum Einstieg geblasen hat und 50 Prozent unter dem Kurs (umgerechnet nach  resplit) zu dem er weiter kaufen, kaufen... gebrüllt hat. Doch hat der Schlaumeier eigenen Angaben zufolge immer im Tief dazugekauft, er der nichts von charttechnik hält. Wer das glaubt.Ein paar Restbestände habe ich noch, ist die schlechteste (wirklich! Aktie im Depot. Da war eine Deutsche Bank und Samsung wesentlich besser. Er pfeift halt gerne im Wald, lass ihn, es wirkt über die Jahre halt..., nein, lass ich mal.