Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

Flankenking heißt, übrigen ähnlich:

Re: ICGE in Brief....
by: myfriendlyadvice
Long-Term Sentiment: Strong Buy  06/17/06 02:29 pm
Msg: 241536 of 241538

I already answered your question. Just read my post again.

Conservative stock:

1) Large cash position relative to market cap.(ICGE's cash position is 60% of it's market cap....VERY large indeed).

2) Diversity within the company (ICGE is VERY diversified oweing it's ultimate value to the performance of 30 smaller companies).

3) Trading at low P/E's to growth rate (ICGE's companies are growing in the 30% range yet the P/E is a fraction of that).

4) Repeatable sales (ICGE's core companies specialize in the subscription model. Almost all of their revenue, once acquired, repeats itself going forward).

5) Profitable or near profitable with repeatable sales (future is much easier to predict with this sales model). Two of ICGE's main companies are now profitable (not including the public ones) and the others will follow soon enough.

I don't live in the past like you and tech. Fortunately neither do the markets (and life for that matter). Grow and learn or wilt and die. You're call.



Posted as a reply to: Msg 241534 by cathmary1  
Message Thread [ View ]  

You are right, when you wrote:

"1) Large cash position relative to market cap.(ICGE's cash position is 60% of it's market cap....VERY large indeed).

2) Diversity within the company (ICGE is VERY diversified oweing it's ultimate value to the performance of 30 smaller companies).

3) Trading at low P/E's to growth rate (ICGE's companies are growing in the 30% range yet the P/E is a fraction of that).

4) Repeatable sales (ICGE's core companies specialize in the subscription model. Almost all of their revenue, once acquired, repeats itself going forward).

5) Profitable or near profitable with repeatable sales (future is much easier to predict with this sales model). Two of ICGE's main companies are now profitable (not including the public ones) and the others will follow soon enough."


But I believe, there is another reason too, because I say: No other Nasdaq-share is more conserative as Internet Capital.

In the times, where technic 47 and cath bought Internet Capital for 3,600 Internet Capital had a convertible debt of 560 million. Today Internet Capital has over 200 million cash and marketable securities and the convertible debt is only 23 million after 33,5 at the end of the last quarter, because you can read in yesterday annual meeting-paper: "Subsequent to quarter-end we repurchased $10.4 million of 5% convertible notes."

Another reason is the book-value-ratio. Internet Capital has the lowest P/E and the lowest book-value-ratio of all internet stocks worldwide.

Another reason: When you subtract net cash/securities from the market cap = 150 million. Proportional revenues of the 18 private held companis = 125 million. The result is a 1.2 time revenue. The averarge of S&P-500-tec-stocks = 6. We have a difference of 4.8, by 125 millions proportinal revenues an undervalue of 600 million = $ 15/share.

Buy the presents from the shortseller
by: flankenking
Long-Term Sentiment: Strong Buy  06/19/06 11:01 am
Msg: 241547 of 241547

Fair value of a share of Internet Capital is between $ 20-30, present/share is between $ 12-20.

P/E by a price of $8 = 4.5

P/E by a price of $20 = 11.5

P/E by a price 0f $30 = 18

IPO or Merger of Starcite
by: flankenking
Long-Term Sentiment: Strong Buy  06/20/06 07:46 am
Msg: 241568 of 241574

is possible at once. But I believe, Internet Capital don't want do so, because they had a lot of cash and Starcite growth from day to day. An ipo at once could have a market cap about 250 million. In 2007 the market cap of an ipo of ICGCommmerc could be 350 million or more. I believe, Sarbanes-Oxley is so expensive, that a private held company is in advantage - therefor ipo's come later (by higer ipo-market caps) as in earlier times.

In the Annual Repot of last week we could read about Starcite:

"Provides a comprehensive suite of applications and services to the corporate meetings and events industry that drive significant savings.

Customers include Amgen, American Express, AT& T, Bristol Myers-Squibb, Goldman Sachs, CIGNA, Cisco, GlaxoSmithKline, HelmsBriscoe , Intel, Lehman Brothers, Maritz, Motorola and Proctor and Gamble.

Reported strong revenue growth in 2005; contracted year-end backlog grew to $18 million.

In the first quarter of 2006, was net income positive and reported record revenue growth over the prior year.

Corporations use StarCite’s s technology and services to lower expenses related to meetings and events, gain visibility into this area of spend and measure and monitor results."

We have revenues of about 25 million in 2006, a very high growth rate and first in the history of Starcite a net income. A fair value in a compare with competitors are 10 times revenues = 250 million. The 61% of Interet Capital a worth 156 milllion.

Only the worth one of 18 private held companies and the net cash/securities of 160 million a higher than the market capitalisation of 315 milliion of yesterday. The other 17 private held companies are free of charge.

Presenter: Klaus Wegmann, Senior Specialist & Manager IT Systems, Human Resources, Deutsche Post
Topic: Deutsche Post Continues to Fine Tune its BPM Approach
When: Tuesday, 27th June from 15:00 -15:40 PM
Where: Balmoral Suite, Level 3

London Underground & Metastorm Case Study Session
Presenter: Anthony Loraine, Project Manager, Information Management Directorate, London Underground Limited
Topic: Leveraging Metastorm BPM for Real-Time Information Analysis & Process Improvement
When: Tuesday, 27th June from 15:45 -16:15 PM
Where: See agenda on-site

Lufthansa Case Study Session
Presenter: Thomas Gesing, Director, Customer Care Miles & More, Lufthansa and Thorsten Hanisch, Head of Project Management, Bertelsmann arvato direct services
Topic: Achieving Service Center Excellence via BPM
When: Wednesday, 28th June from 9:40 -10:20 AM
Where: Balmoral Suite, Level 3

Metastorm BPM Product Showcase & Live Software Demonstrations
When: Tuesday, 27th June from 12:30 -13:45 PM; Wednesday, 28th June at 13:00 - 14:00 PM
Where: Sovereign Suite, Level 1, Stand # 17P

Networking Drinks Reception & Product Showcase
When: Tuesday, 27th June from 18:00 - 20:00 PM
Where: Sovereign Suite, Level 1, Stand # 17P

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.

Auch heute hält der Shortseller dagegen, sonst hätten wir einen Shortsquezze. Mehr als verzögern kann er aber den Kursanstieg nicht und damit auch noch Nachzüglern Einstiegschancen eröffen.

With years of experience in a volatile marketplace, ICG has developed an extraordinary level of expertise in emerging internet-based business models, specifically with respect to which models work best to develop profitable, sustainable companies. With this expertise, management acumen and a solid financial position, ICG is uniquely positioned to capitalize on the opportunities and maximize the long-term leadership potential of its partner companies.

ICG acquires stakes in on-demand Internet software and services business and then infuses the strategic and operational support to help drive these partner companies to market-leading positions. The ICG business model leverages our financial resources and the expertise of our management team to apply processes for acquiring, managing and building successful companies.

To drive long-term value, we target technologies, services and industry players working to streamline and automate business processes both within the enterprise and across the value supply chain –enhancing the way business is done. Specifically, the team targets the following business model attributes:

Web-enabled software platform (ASP model)
Automates a complex workflow process, with focus on the “white space” between companies
Delivers comprehensive solution – software, content data and transaction capabilities (content a long term differentiator)
Recurring revenue streams/fixed cost model
Multi-year contracts
Potential to evolve into an ecosystem
Once a company is integrated into the ICG partner company network, the ICG team leverages its industry expertise to help position these companies to produce high-margin, recurring and predictable earnings.

Er könnte wohl weiter runter,aber was will er da.Er merkt wohl,dass niemand die Aktien billiger hergibt.Somit würde er sich selbst schaden wenn er immer weiter billiger an sich selbst verkauft.

Blackboard Inc. (Nasdaq: BBBB) today announced that it has raised its financial guidance for the second quarter ending June 30, 2006 and the full year of 2006. The increased guidance reflects the stronger than expected market demand for the Company's offerings.

Starcite - a incubator-is-back-signal
by: flankenking
Long-Term Sentiment: Strong Buy  06/24/06 07:40 pm
Msg: 241654 of 241655

The incubator-model is back. Internet Capital makes a high net income of 72.5 million in 2005 by selling companies and buying ohters. In the last months Internet capitals sells Linksahre, Co-nect, some shares of Blackboard and other. On the other side, Internet Capital bought companies like Whitefence, Metastorm and Whitefene. In the next years the netincome of 72.5 million of 2005 will growth, because Internet Capital has a full pipeline of ips's and mergers.

An IPO or Merger of Starcite is possible at once. But I believe, Internet Capital don't want do so, because they had a lot of cash and Starcite growth from day to day. An ipo at once could have a market cap about 250 million. In 2007 the market cap of an ipo of ICGCommmerc could be 350 million or more. I believe, Sarbanes-Oxley is so expensive, that a private held company is in advantage - therefor ipo's come later (by higer ipo-market caps) as in earlier times.

In the Annual Repot of last week we could read about Starcite:

"Provides a comprehensive suite of applications and services to the corporate meetings and events industry that drive significant savings.

Customers include Amgen, American Express, AT& T, Bristol Myers-Squibb, Goldman Sachs, CIGNA, Cisco, GlaxoSmithKline, HelmsBriscoe , Intel, Lehman Brothers, Maritz, Motorola and Proctor and Gamble.

Reported strong revenue growth in 2005; contracted year-end backlog grew to $18 million.

In the first quarter of 2006, was net income positive and reported record revenue growth over the prior year.

Corporations use StarCite’s s technology and services to lower expenses related to meetings and events, gain visibility into this area of spend and measure and monitor results."

We have revenues of about 25 million in 2006, a very high growth rate and first in the history of Starcite a net income. A fair value in a compare with competitors are 10 times revenues = 250 million. The 61% of Interet Capital a worth 156 milllion.

Only the worth one of 18 private held companies and the net cash/securities of 160 million a higher than the market capitalisation of 315 milliion of yesterday. The other 17 private held companies are free of charge.

In diesem Bereich hält Internet Capital ja bekanntlich 27% an einem der größten Interdealer-Broker Credittrade:

www.wwz.unibas.ch/finance/teaching/10664-01/vorlesung-06.pdf

Ich würde morgen um fast jeden Preis morgen vormittag in Frankfurt kaufen - Limits unter 7 Euro sind meines Erachtens absolut zwecklos - vielleicht werden wir aber die Anlegerverscheisserspielchen sehen, wo dann eine, zwei oder gar 11 Aktien über den Ladentisch gehen - zu einem niedrig Preis, nie beispielsweise 100 oder ein Mehrfachens.

Shortseller in gigantic trap
by: flankenking
Long-Term Sentiment: Strong Buy  06/26/06 04:18 pm
Msg: 241679 of 241681

Shortsquezze will come, maybe tomorrow.

June 2006
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
ICGE Internet Capital Group, Inc. - Common Stock 3,083,121 31.41 301,519 10.23

58% of the stocks held instiutionals, 5% management and 15,500 shares Flankenking. I believe, the free float is small. And we have the highest shortselling, ever was seen.


 

Post again: Shortseller in trap
by: flankenking
Long-Term Sentiment: Strong Buy  06/26/06 06:09 pm
Msg: 241681 of 241683

It is the highest short interest, I ever had seen. I had post the numbers two hours ago - but now I couldn't see them on the board. I hope, this was a mistake and not a intervention of the shortsellers by yahoo.
In my opinion that numbers means: We will see a short squezze tomorrow.

Look at the institionals, last numbers was over 58% - no institutionals will be so stupid and sell to the shortseller, who must cover.

Look at the management, who held shares - no member will be so stupid and sell to the shortseller, who must cover.

Look at Flankenking, who owns 15,500 shares. He isn't so stupid and sell to the shortseller, who must cover,


June 2006
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
ICGE Internet Capital Group, Inc. - Common Stock 3,083,121 31.41 301,519 10.23

sein!!!!!!!!!!!!!!!1


Re: Post again: Shortseller in trap
by: flankenking
Long-Term Sentiment: Strong Buy  06/27/06 03:09 am
Msg: 241684 of 241684

Look at the gigantic institutional holding:

www.nasdaq.com/asp/...ode=&page=&symbol=ICGE&symbol=&symbol=&s ymbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=icge&FormType=In stitutional&kind=&Leap=&mkttype=&sel=holdings&userinput=&x=9&y=6


Look at the insider holding.


Löok at the holding of flankenking: 15,500 shares.

Never will sell any share.

And now look at the increase of shortselling: More than 3 million and is had doubled since two months.

A shortsquezze is coming, maybe today. Buy before the shortseller must cover.

ECredit.com: revenues in 2006 = 12-15 million, Internet Capital owns 29% = proportional revenues = 4 million

Computerjobs.com: revenue in 2006 = 8-10 million, Internet Capital owns 46% = proportional revenues = 4 million

Other 6 companies together = 4 million proportional revenues.

104 million proportional revenues from the nine core companies and 18 million from the nine other companies = total proportional revenues from the 18 private held companies = 122 millions.

S&P 500-tech shares has 6-times-revenue in the average. A 6-time-revenue and 122 million proportional revenue of the 18 private held companies of Internet Capital = 732 million. We must add to the 732 million about 160 millon of net-cash/securities = 892 million = $22-23/share.

But the price could be higher, because companies as Freeborders or Staricte would have 10-times revenues or higher. And second, the revenue growth from day to day.

das meines Erachtens ziemlich genau den Punkt trifft:

From: tktrimbath 7/1/2006 12:05:09 AM
Read Replies (1) of 4145

six month synopsis of ICGE

(Market Cap = $353M)

INTRO Here's my semi-annual exercise to see if I remember why I won the stocks I own. I post it in case it helps others too.

Internet Capital Group is an incubator that spawns internet based companies. Each of their individual companies are highly speculative but by having enough of them the risk is spread out enough for me to consider ICG an investment. They have yet to produce a Google, but then, very few will manage that. In the meantime, their companies are growing, the IPO market (which drives ICG's book value) is coming back, and the industry is growing. I think ICG is a young internet version of Berkshire Hathaway. The management team has steered the company through some incredibly difficult times and I hope they are enterring an era when they get to prove their detractors wrong. Of course, my portfolio won't mind that at all.

I believe that sometimes the best investments are the butt of everyone else's jokes. Everyone gets so wrapped up in putting a company down that they ignore its fundamentals and progress. I continue to be impressed by management's managing of the companies under their umbrella. The company does not carry much of a multiple to revenues, but I think that is partly because the business model is uncommon. While I liken them to Berkshire Hathaway, I'd be amazed if any analyst could make the same observation and still manage to keep their job. I'll continue to hold, though probably won't buy more because I already have a large enough position.

DISCLAIMER LTBH since 2000, and yes that hurt. I learned a lesson about debt/equity ratios and falling knives. I bought more this year because it seem to be nicely grounded now.


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Aus Euro am Sonntag von heute:

"Preisvergleichsportale für den Interneteinkauf sind in Deutschland ein schnell wachsender Markt. Die Branche verzeichnet von Jahr zu Jahr Umsatzzuwächse von 30 bis 35%. 2007 soll der Markt auf 100 bis 120 Millionen anwachsen."

Das ist in den USA nicht anders. Und da ist Internet Capital auch am Ball, denn im letzten Quartal 2005 haben sie 39% an Whitefence erworben:

www.whitefence.com/

Whitefence hatte in 2005 einen Umsatz von 9 Millionen Dollar bei einem Wachstum von 80%. In 2006 dürfte man daher die 15-Millionen-Marke beim Umsatz erreichen - noch kein Gigant, aber immerhin.

des E-Commerce beeinflusst wird dann in 2006:

www.vcommerce.com/company.shtml

Hier hält Internet Capital 36%.

Welches Wachstum der Erlöse?


Im letzten Quartalsbericht konnte man lesen: "Aggregate pro forma revenue of ICG’s nine private Core companies grew 14% year over year, to $52.7 million in the first quarter of 2006 from $46.1 million in the first quarter of 2005. CreditTrade had a down quarter from a very strong 2005 quarter. Excluding CreditTrade, revenue growth for the other eight companies was 29%."

Für das zweite Quartal lassen sich mindestens 56 bis 57 Millionen voraussagen, vermutlich können wir sogar die 60 Millionen knapp streifen.

Now we can forcast revenues of 56-57 million in second quarter.

Re: Help the shortseller
by: flankenking
Long-Term Sentiment: Strong Buy  07/05/06 12:17 pm
Msg: 241788 of 241788

In the short run, the price of a share must not be a result of real supply and real demand. A good example is Internet Capital - since the 1:20 reverse split in May 2004 we are having in the short run only manipulation in the market. But this isn't bad for investors, because the could buy cheaper and more. Flankenking had never could buy 15,500 shares over a long time in lot of steps for about $ 80.000 without the BIG SHORT - thanks.

In the long run, the price will be a result of real supply and real demand - and this price will be very higher than the manipulation-price of today. The doubled shortseller position in only two months show us, that the manipulation must be higher and higher to held the price in the manipulated range. The end will be an shortsquezze. Look at lot of extreme good fundamentals, i told you.

Die letzten Markierungen vom Shortie kurz vor Schluss.Die 111 Macke.



top    ICGE Stats    Symbol Search


Time B/S Shares  Price    

15:59:42.323 S 900  8.5100  

15:59:34.520 S 111  8.5100  

15:59:33.017 S 111  8.5100  

15:59:31.527 S 111  8.5100  

Sozialaktionär, auch wenn er versucht den anderen Marktteilnehmer zu erklären, dass er den Markt nach Belieben beherrscht. Das geht nur kurzfristig. Bei letzten Termin waren schon 3 Millionen leer verkauft - eine Verdoppelung innerhalb von zwei Monaten und inzwischen dürften wir bei vier Millionen leer verkaufter Aktien sein. Ob diese Zahl nackt geshortete Werte enthält weiß ich auch nicht - wenn nicht, wäre das für den Shortseller alles noch prekärer.

Richtig ernst wird es, wenn wir im zweiten Quartal bei den 9 Kernbeteiligungen einen Umsatz von 60 Millionen nach 52 Millionen hätten, was nach den Meldungen aus den Firmen sogar sehr wahrscheinlich ist. Denn dann hätten wir auf Jahresbasis eine schöne runde Zahl: nämlich eine Viertelmilliarde.

Re: Revenues of core's climb to 60 milli
by: flankenking
Long-Term Sentiment: Strong Buy  07/05/06 04:07 pm
Msg: 241804 of 241813

Last quarter-report: "Aggregate pro forma revenue of ICG’s nine private Core companies grew 14% year over year, to $52.7 million in the first quarter of 2006 from $46.1 million in the first quarter of 2005. CreditTrade had a down quarter from a very strong 2005 quarter. Excluding CreditTrade, revenue growth for the other eight companies was 29%."

Now we can forcast revenues of 60 million in second quarter, because we have a strong growth by companies like ICGCommerce, Starcite or Freeborders.



That means: Revenue of the 9 core's of Internet Capital will be about a quarter billon. If this were realized, we will see a jump.

Why does a dog lick its balls?
by: flankenking
Long-Term Sentiment: Strong Buy  07/06/06 12:43 pm
Msg: 241820 of 241822

Or: Why does a shortseller sell?

The simple answer: Because they can.

But the answer is different in the longer run: The dog can, the shortseller can't, because he must cover and a shortsquezze will come.


But in the very long run: Both can't, because they are death (John Maynard Keynes).

According to recent research by Analysys International, China’s software outsourcing services market reached $323 million in the first quarter of 2006, up almost 44% compared with the first quarter of 2005. IDC has forecast that China is expected to account for 24% of IT spending in Asia-Pacific by 2010, making it the largest IT services market in the region.

“Freeborders is dedicated to expanding its resources in China as the region’s IT outsourcing market continues to gain traction,” said John Cestar, CEO of Freeborders. “Changes to the skills market and infrastructure in China are helping its outsourcing industry grow quickly and emerge as a major competitor to India. With the roll-out of our new 200,000 square foot facility and the fact we’re already advanced in our further expansion plans, Freeborders is well positioned to harness China’s IT expertise.”

In 2005, Freeborders experienced 45% year-over-year revenue growth, and year-over-year bookings grew 30%. The company additionally increased capacity of its Shenzhen, China technology center by 100% to over 700 engineers. Freeborders also became one of the first firms in China to be certified at CMMI Level 5, the highest quality rating offered by the Software Engineering Institute at Carnegie Mellon University. Freeborders is one of 70 CMMI Level 5-certified companies in the world.

www.fortunemakerindia.com/Tricks.jsp

Zur Anwendung in Sachen Internet Capital empfohlen!!!!!!!!!

Re: INVESTMENT TECHNIQUES
by: flankenking
Long-Term Sentiment: Strong Buy  07/08/06 04:36 am
Msg: 241835 of 241835

Some good sentences in the article, for example: "Finally We Can Say that THE KEY FOR THE INVESTORS IS PATIENCE."

But I believe, we must add: Patience is necessary and good fundamenals too. Fundamentals of Internet Capital are the best of all internet stocks I know: A P/E of 5 as a result of a net income of 72.5 million in 2005 an a market cap of 350 million - and the net income will be growth in next years from a full pipeline of ipo's and mergers. Internet Capital has minimal debt and 200 million cash/securities.

I had bought 15,500 shares in the last years for about $ 80,000 in over 50 steps - most between $3.5 and $7. Now, worth is $130,000. I believe, worth at the end of this year is $200,000 and end of the year 2007 worth is $300,000 or more, when the ipo's and/or mergers of Freeborders, Starcite, ICGCommerce, Metastorm and other companies will be done.

I believe too, Internet Capital is not a good share for small traders, because great investors/trader, for example with long-short-strategies, have better positions and play with the small traders. Only investors are in good position, because in the long run, the facts make the prices. For buying Internet Capital you must be an investor, who have time and patience - then you can make a lot of money by low riscs.