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 …
Category Archives: NZ Business
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 …
Punakaiki Fund Extending 2016 Offer
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 …
Trump’s Plan and Potential Impacts on NZ
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 …
10 Reasons for Hope in a Trump-led USA
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 …
Let’s make downtown Auckland safe
Today someone in a van full of workers threw egg at me, while I was cycling to work. He was a lousy tosser, and the egg ended up on the street. It was as I was waiting to turn right into Commerce St from Quay St. I chased the van down, much to their surprise, …
What can we learn from Wynyard’s Voluntary Administration?
It is sad to see that the administrators called into Wynyard Group today. This should never happen, especially to what was a very well funded company. The cause is made pretty clear from the revenue and expense chart below: (Source – Wynyard annual and interim reports. Please don’t quote this – the 2016 half year numbers …
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Learning from Theranos
The last round of VC investors into Theranos makes for somber reading. In March 2015 Theranos raised an estimated US$573 million for their 6th round, making a total of $750 million raised. Their 7th round, for $200m, has apparently blown up before completion. Theranos was selling a blood testing service that apparently needed tiny amounts of …
20 Obvious things for Auckland and time for a new Council
We can easily forget that most people don’t read Transport Blog, find The High Cost of Free Parking obvious or understand that great cities are great to walk in – and lousy to drive in. Many of us have lived overseas though, and we just tend to forget just how things worked over there and what is missing here. …
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Lance Wiggs 