tbh I placed JF on ignore a while ago. It is good to see published credible sources that clearly support the perspective the MARK's shareholding in Sharecare is wroth $55M or more. It will end up being more.
mrs_s: it should be noted that it's John Tinker of Maxim. John is a very highly regarded media analyst. his bio is most impressive. So when John Tinker says Sharecare is worth $55M to MARK it is clearly more credible than anybody else so far.
Combining Sharecare’s $55M/$4 per share valuation with the start-ups at $110M/ $8 per share and after deducting debt of $9M/$0.70 per share, we derive a price target of $11 per share. MODERATE SUCCESS IN ANY OF THSE VENTURES SHOULD RESULT IN SIGNIFICANT VALUE ACCRETION ABOVE OUR CURRENT PRICE TARGET
Sharecare investment worth 55 million ? Good to see Mr Tinker continues his respected conservative approach. 55 Million ... FIFTY FIVE MILLION ...
Who is John Tinker?
John Tinker is a Senior Media & Internet Analyst at Maxim Group, LLC and is frequently quoted in Barron’s, Bloomberg and the Wall Street Journal and appears on business & news channels, such as CNBC, as an industry expert. He graduated from Exeter College, Oxford University with an M.A. in Politics, Philosophy and Economics.
Mr. Tinker currently focuses on companies in the converging media & internet space, such as Barnes & Noble and Live Nation (Ticketmaster) and works closely with managements and portfolio managers sharing his insights on industry trends, deal structures, and financial analysis.
Prior to joining Maxim, Mr. Tinker’s career spans over 20 years during which he managed an investment firm, Steamer Capital and was a Managing Director of Sandler Media’s private equity fund, also serving as a board member of invested companies.
Mr. Tinker was the only analyst to recommend Google at its IPO price and generally had the highest price target for the next two years while at ThinkEquity; he was also the only analyst to identify the opportunity in MySpace prior to its buyout by News Corp. In the 1990’s Mr. Tinker co-founded Montgomery Securities (now Bank of America) media & communications division after stints at Furman Selz and Morgan Stanley.
Acknowledgements of his coverage include Disney presenting Mr. Tinker with the “Grumpy Award” for his negative views and Viacom Chairman, Sumner Redstone’s autobiography includes multiple citations of Mr. Tinker’s work.
The title should be self explanatory. The key, again, is the non reliance of social network API's where they exist. Indeed some have already tried, and failed, to inhibit the intelligent aggregation and integration. The value of telling brands what happened (in the past) in local neighborhoods and what is going on now (present) irrelevant of original "source" social network is too immense to quantify.
ensure JamesFrank/low_return is on ignore if you wish to avoid misrepresentation. Latest example is denial / accusation that CFO's plan was a 10b5-1 prearranged trading plan
CFO OSROW Sells 19,803 ($78.8K) Of REMARK MEDIA INC [MARK]
6:41 PM Eastern Daylight Time Jun 23, 2015
OSROW DOUGLAS Chief Financial Officer of REMARK MEDIA INC [MARK] filed a Form 4
on June 23, 2015 with the Securities and Exchange Commission disclosing the
following changes in ownership:
Date Transaction Shares Price Value
6/19/15-6/23/15 Planned Sale(1) 19,803 $3.98 $78,842
Ending Holdings: 0 - Direct
(1) Executed pursuant to a prearranged trading plan (10b5-1).
I should add that you can see from yahoo's Insider transactions that the CFO's sales are "Automatic" - i.e., a pre filed selling program. The company has moved on from restricted stock to issuing options
The CEO (directly and indirectly), Gordy Crawford, Ashford, Digipac plus a few more own more than 65% of the company. Only insider selling is for tax purposes and for a small number of shares. The stock is very tightly held. Float is generally small. When this goes (and it will) , she will go up fast
CFO has a pre filed program to sell his (restricted) stock for tax purposes. Company has reverted to options.
Hope that is clear by now ... won't be at $4 for long IMO ....
Another material benefit of Kankan is that there is no requirement to log in to any of all the social networks that Kankan aggregates. Hopefully the significance and benefit of this is obvious ....
One of the (several) biggest strengths of Kankan is that it does not use in any way, or does not rely on in any way, on any APIs for the integration and aggregation of any and all social networks. . For those that are not informed in the software world this means Kankan is not at the mercy (in any way) of existing social networks i.e. Kankan can never be "shut out". By way of example and for illustrative purposes it was not that long ago that Linkedin shut down its API when some technology companies leveraging the Linkedin API actually became disturbing and "disruptive" to LinkedIn
Visualize. It is clear that the three biggest assets are, in order, Kankan, Roomlia and Sharecare.
1) IMO Remark will exit Sharecare with north of $80M. Sharecare will be bought or IPO with a value north of $1.3BN .
2)Given the scarcity of relevant independent hotel mobile booking offerings Roomlia will be a big play especially understanding its unique IP. I believe $700M to $1.3Bn play over time.
3) Kankan - what I can say is this. I have been in the software business for more than 30 years and I have a great network. (i) Nobody is doing what Kankan is (ii) it is HUGELY relevant (iii) All my network and contacts are amazed little ol' Remark Media have build an offering like this. Of course there are deals happening.
Remark Media CEO: This company is really all about him. He is well connected, very well supported (by people like Gordy Crawford), owns most of the company (directly/indirectly), is very careful with resources and IMO is readying the company for huge things.
Two to three months from now I expect Remark Media to be in a very different place,
it is clear there are new buyers in the stock - volume has gone up significantly over last 17 trading days.
my suggestion is that it won't be down here in the $4 range for long ....
Invest1136 - I can tell you are responding to someone that adds no value. I have him on ignore and and such can happily report I do not see his postings any longer. The more he is ignored the more obvious his lack of credibility becomes and, more importantly, the value of this board becomes. If I may suggest, put him on ignore and let's continue to rely on facts.
One has o wonder what valuation Wellington got in at? Wellington is often the last, polished round before an event (acquisition or IPO). My guess is Wellington got in at $750M to $950M range valuation