Powerhouse Ventures - IPO - take 2?

[Snow Leopard]

So they are going to have another go but on the ASX.

See Powerhouse seeks up to A$20 mln in ASX listing.

Company website: http://www.powerhouse-ventures.co.nz/

For take one see this thread.

Best Wishes
Paper Tiger

Disc: DYOR

[mondograss]

I bought a small(ish) holding in Powerhouse when they did a Capital Raise via Snowball Effect. I have to say that since then they've been very good at putting other investment opportunities under my nose that I wouldn't normally have had access to. I certainly wont be selling my holding when they list, I consider them a good long term hold if only for the ability to get early access to something new. Plus I like tech companies (my main area of expertise) so that helps.

[kiwidollabill]

They've got ~6 new companies to come on to the books in the near future also. Biggest concern I have is the lack of visibility on the P&Ls of the companies they own

[silu]

FWIW Sam Morgan broke his Twitter silence
1. Have not been Tweeting because Twitter is for trolls, but this deserves a comment …
2. Nobody in their right mind should invest in this IPO: http://www.powerhouse-ventures.co.nz “No track record of sale or spin-out of Portfolio Companies”
3. These sort of crap tech IPOs just ruin it for all the companies that are actually making stuff, selling stuff and have a business model.
4. There. Said it. Back to No Tweeting.

[mondograss]

Actually they're presently facilitating the ASX listing of HydroWorks planned for Q1 2017. Convertible Note offer has just gone out to all PowerHouse shareholders, 12% interest and 20% discount on listing. So basically proving the adage that sometimes it's better to remain silent and appear a fool and open ones mouth and remove all doubt.

[Joshuatree]

Wow ,thats as scathing as one can get.; trashed it. Looks like they've done well so far.

"Powerhouse reported a profit of NZ$2.7 million on income of NZ$7.5 million in the nine months ended March 31. That included a NZ$5.8 million increase in the fair value of its investment portfolio"

.Anyone know what the quality/ track record of management is like and any other opinions

[mondograss]

At the end of the day, they're an incubator basically set up by the University of Canterbury and Lincoln to deal with their commercialisation flow, much like UniServices does for Auckland Uni. Given the push towards commercialisation is a comparatively recent one it's a bit harsh to judge them on what's gone before. You buy in to get exposure to the pipeline if you're interested in investing in early stage tech companies (which I am) but I don't really expect Powerhouse itself to make big $ itself for quite some years given its portfolio is likely to be quite capital hungry for a while yet. Unlike Mr Morgan, we don't all have rich daddies who can prop up our businesses until they become profitable.

[kiwidollabill]

Wow ,thats as scathing as one can get.; trashed it. Looks like they've done well so far.

"Powerhouse reported a profit of NZ$2.7 million on income of NZ$7.5 million in the nine months ended March 31. That included a NZ$5.8 million increase in the fair value of its investment portfolio"

.Anyone know what the quality/ track record of management is like and any other opinions

Their cashflow is $2M negative for operating costs so don't let this fool you.

I know a few of the managers...... Up and down in my thoughts of ability for these type of companies

[kiwidollabill]

Total Rev is $1.6M, $1.2M of it was government grants...

[kiwidollabill]

FWIW Sam Morgan broke his Twitter silence
1. Have not been Tweeting because Twitter is for trolls, but this deserves a comment …
2. Nobody in their right mind should invest in this IPO: http://www.powerhouse-ventures.co.nz “No track record of sale or spin-out of Portfolio Companies”
3. These sort of crap tech IPOs just ruin it for all the companies that are actually making stuff, selling stuff and have a business model.
4. There. Said it. Back to No Tweeting.

http://www.nzherald.co.nz/business/n...ectid=11687265