Punakaiki Fund - potential IPO

[Snow Leopard]

And now a fund to invest in all this internet, technology, etc for you !

http://www.nzherald.co.nz/business/n...ectid=10885952

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Best Wishes
Paper Tiger

[Banksie]

Bit more info in NBR on this one.

http://www.nbr.co.nz/opinion/lance-w...ent-company-CK

[CJ]

More background :

http://lwcm.co.nz/

http://lancewiggs.com/2013/05/24/inv...-the-dot-syft/ timing on this post surely not coincidental so this is the type of investing I would expect the, to be doing.

http://punakaikifund.co.nz/

[Snow Leopard]

Well I have pre-registered (no-commitment) and we will see how it looks if/when the details are available.

Best Wishes
Paper Tiger

[CJ]

Well I have pre-registered (no-commitment) and we will see how it looks if/when the details are available.

Following on from your rant on the Optimiser thread ...

Or you could invest in this, hope they cull out a few of the companies that go nowhere but invest, amount others, in the company that goes 2000%

I have registered interest. Interested to see what they would do if they netted $50m in one go. PE funds normally only call on commitments when the cash is needed, not have it sitting in the bank.

[CJ]

Morrison & Co
Gareth Morgan Investments
Fisher funds
Brieley Investments
Etc etc

And now Lance Wiggs Capital management. NZers are quite a reserved bunch aren't we.

[CJ]

Oh thats harsh. :-) Lance should be proud of his name.... he does have a good deal of tech knowledge.

Just jokes. If Lance can do to Tech what Lloyd did for infrastructure, investors will be well pleased.

[CJ]

Sparky - re 5. That is my concern with him raising all the money in one go - would he invest it all at once so he has no money for subsequent rounds or does he leave money in the bank earning 1%. Will be interesting to see how he addresses this issue in the prospectus.

[CJ]

Hes got Sandy Maier on Board: http://www.nbr.co.nz/stayconnected?return=140407 (behind the paywall so I dont have the details)

Not sure if this is a good move. Maier is old school and comes with baggage (SCF anyone??). I would have thought he would be shoulder tapping more tech focused people. Maybe Maier is the one grey haired member to keep them in line with governance??

[percy]

Hes got Sandy Maier on Board: http://www.nbr.co.nz/stayconnected?return=140407 (behind the paywall so I dont have the details)

Not sure if this is a good move. Maier is old school and comes with baggage (SCF anyone??). I would have thought he would be shoulder tapping more tech focused people. Maybe Maier is the one grey haired member to keep them in line with governance??

Enjoyed the joke.! lol.