I am very happy to report that the December Offer for Punakaiki Fund raised a total of $3,438,750, from 187 investors. Those investors included 45 new investors, so there are now 670 investors holding shares in Punakaiki Fund. We are very thankful for that level of support.
Cross posted from Punakaiki Fund. Punakaiki Fund is undergoing an offer to all New Zealand investors at the moment (closes on Thursday 21st). Read about it on the PunakaikiFund.co.nz website, where you can also find the Product Disclosure Statement. We are very happy to publicly announce our investment into Coherent Solutions. Coherent Solutions builds advanced […]
Punakaiki Fund’s regulated offer to New Zealand investors for December 2017 is now open, and will close on Thursday 21st December. The next retail offer will not be until after 1 August 2018. Read the Product Disclosure Statement New investors are able to participate by filling out the application form at the back of the PDS, or, […]
Cross post from Punakaiki Fund We are delighted to announce the sale of Linewize to Family Zone Limited (FZO.AX). Family Zone have released a comprehensive announcement to the ASX. Why the combination works There was almost immediate agreement, at the start of negotiations, that the combination of Linewize and Family Zone was good for both […]
John Hart has written a series of tweets about why a Blue Green coalition wold not work. It's going to be a long two weeks on Twitter if we don't put this National-Green fantasy government idea to bed. So a short thread… 1/n — John Hart (@farmgeek) September 25, 2017 That saddens me. It’s the politics of […]
I had idly thought that Amazon’s RFP for a second headquarters location could be answered by Auckland. Sadly, albeit unsurprisingly, the request is for a North American location. Perhaps we should still try – after all the size of the prize is enormous: Amazon is careful to show that they will create value well beyond that […]
The Taxpayers Union is a lobby group who, seemingly, would like to get rid of all tax. Insider Dave Farrar covered their latest attack on tax, which is on rates in Auckland. It’s ridiculous. We actually have a great deal here and we have the opportunity to invest a lot more into making Auckland even better. So […]
We released the Punakaiki Fund 2017 Annual Report last week. The assets have grown from $1.5 million in April 2014 to $28.4 million at the end of March 2017, with the iNAV/Share rising from $10 to $20.10 in the same period. The iNAV is the “investor net asset value per share” and not a GAAP measure. […]
This chart from the Household Incomes Report is worth deeper inspection. Each row adds up to 100%, so, for example, 12% of people 0-17 are in the top quintile (top 20%) of households by income. I want to call out three findings: Maori and Pacific Island households are much less likely to be wealthy, […]
New Zealand is proving to be a popular place to live, as witnessed by the increase in net arrivals. More people are arriving and fewer people are leaving. We have our issues, but it’s nice to reflect now and then that yes, we do truly live in a place where people want to live. I’m […]
A press release from Punakaiki Fund. Punakaiki Fund Limited is raising capital through a Product Disclosure Statement (PDS). Investors may apply at Punakaikifund.co.nz/InvestNow or via Snowball Effect. PRESS RELEASE 19 December 2016 Punakaiki Fund Exceeds Expectations from 2015 Crowdfunding Offer and makes Three New Investments. Punakaiki Fund has exceeded its Key Performance Indicators (KPIs) set as part of the June 2015 […]
Punakaiki Fund Limited is raising capital through a Product Disclosure Statement (PDS). You can apply for shares Online with Punakaiki Fund, via Snowball Effect or by filling out and sending in the application form on the PDS. We have kept relatively quiet at Punakaiki Fund while everyone has coped with the US election result and then the huge earthquake and aftershocks. It […]
As this post mentions Punakaiki Fund Limited it could be construed as an advertisement for our public offer for New Zealand residents. So here is the link to the Product Disclosure Statement and you can invest online at Snowball Effect or directly with us. The main reason for the post about Trump yesterday was to make the point that the US economy […]
It’s hard to see much hope for the world now, but let’s look for some brightness in the despair of the prospect of a Trump presidency. 10: The entertainment will not stop – especially when Trump gets his Twitter account back. 9: Trump clearly doesn’t like hard work, so don’t expect him to drive through major changes […]
The Product Disclosure Statement (PDS) for Punakaiki Fund Limited is published, and the offer for new shares opens tomorrow, 9th November. Read the PDS to learn more. Here’s the structure of Punakaiki Fund. As you can see we have shareholdings of varying sizes in 18 companies.