Punakaiki Fund 2018 Retail Offer: Launch Event

Punakaiki Fund Limited makes long-term investments into high-growth New Zealand companies, and has a portfolio of 20 investments and $40.6 million in assets.

Please join Lance Wiggs, selected portfolio company founders, and the Punakaiki Fund team as we launch our 2018 Retail Offer to support further investment into great New Zealand companies.

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Punakaiki Fund September 2017 Interim Accounts

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 the more important piece of reading is the statement of cash flows.  This shows that net cash used in operating activities was $213,000, which represents just 0.67% of total assets, or 1.35% on an annualised basis.

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Linewize Sells to ASX Listed Family Zone

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 businesses. Linewize provides world-leading technology for firewall, filtering and classroom internet management tools, and has 260 New Zealand schools on board. Family Zone has a disruptive business model (selling on-device filtering software to parents via school mandates) and is growing very quickly in Australia, and can rapidly expand the use of Linewize’s technology. They have also signed deals with large telecommunications providers. The combination is a strong sales and marketing engine on top of some excellent technology, and better geographic coverage for all.  

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NZ Retail and Australian Wholesale Offers

We have upgraded the Punakaiki Fund website to reflect the content of our two offers.

The New Zealand Offer is lodged, and will be available to accept applications from November 9th. In the meantime the Product Disclosure Statement makes for good reading, and is the only pathway to make a decision about investing. We will accept applications directly, through Snowball Effect and wholesale distribution channels, both from the 9th.

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