I have, somewhat randomly, made it a ongoing task to reply to climate change denial comments and articles on NBR.co.nz. Thankfully over the years we’ve seen the quality of the writing in NBR and the comments themselves improve, but there are still a few writers or commenters who seem to thrive on denying climate change. …
Author Archives: Lance Wiggs
We want you: 2 new jobs to help manage Punakaiki Fund
We’ve just posted two new jobs for LWCM – one senior and one junior. The Investment Manager role will be delegated significant responsibility, and the right person will eventually lead a team of people. We have a lot to do and this person will get it done. The person we hire could come from a …
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Rename the NZ Super Rugby teams
The current Super Rugby NZ team names are appalling: Crusaders: A name celebrating religion based genocide from centuries ago (Thanks to @sportsfreakconz for that definition) Chiefs: White people’s interpretation of a Māori culture across the region. Perhaps next time we could actually ask local iwi what name they would like to choose. Hurricanes: We don’t even have …
Punakaiki Fund Interim Accounts – September 2017
Cross Posted from PunakaikiFund.co.nz We have released our September 2017 interim accounts, which are the half-year financial snapshot. These show that the assets of Punakaiki Fund were $31.56 million at the end of the quarter, of which $29.25 million was investments. The accounts show a profit of $1.145 million for the half-year, but we believe …
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Punakaiki Fund Raises $3.44 million
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.
Punakaiki Fund New Investment: Coherent Solutions
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 …
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Punakaiki Fund December Offer – Now Open
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, …
Linewize Acquired by Family Zone (ASX:FZO)
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 …
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John – the real issue here is results, not dance partners
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 …
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Could Auckland attract or retain the next Amazon?
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 …
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Stop complaining about rates in Auckland
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 …
Punakaiki Fund 2017 Annual Report
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. …
NZ Household income – addressing the gaps
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, …
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NZ is a great place to live
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 …
Punakaiki Fund Exceeds Expectations from 2015 Crowdfunding Offer and makes Three New Investments.
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 …
Lance Wiggs 