Confidence is definitely Up
Readers of my last newsletter which talked about what’s happening to businesses here as New Zealand creeps out of lockdown will, if they’re anything like me, my clients and my friends - feel a renewal of confidence amongst the business community.
In this earthly domain, full of disappointment and
pain
You'll
never see me frown
I
owe my heart to you, and that's saying it's true
And
I'll be with you when the deal goes down
Bob Dylan – When the deal goes down 2006
Readers of my last newsletter which talked about what’s happening
to businesses here as New Zealand creeps out of lockdown will, if they’re
anything like me, my clients and my friends - feel a renewal of confidence amongst the business
community.
And most important the government, rather than just acknowledging this, are offering support.
This increase in confidence is something you feel. It’s walking down the street
and seeing restaurants “open” in the sense there’s a table in the doorway you
can pick up orders you’ve made over the phone, or even order there.
And where our office is right in the city I see all sorts of shops now open.
So I thought this would be a good time to update readers with some good news,
which includes a couple of investment opportunities that, for different
reasons, deserve some attention now.
Icehouse
Ventures
This business has a strong history and their Late Stage Technology
Fund closed oversubscribed at $110 million, and included more than a dozen
investors introduced by TBK Capital across Auckland, Christchurch, Wellington,
Te Anau, Sydney, Hong Kong, and New York.
The next opportunity being offered by Icehouse is a job-scheduling and management
software used by over 100 enterprise customers across eight countries including
Noel Leeming, Toll, and oOh Media. They make scheduling of jobs easier,
maximise the uptime of people and resources, and enable delivery jobs to be
more profitable.
The business is generating $3 million in annual recurring revenue from the
existing customers, and is raising capital now to scale their sales &
marketing efforts in Australia. Their objective is to reach over $25 million in
revenues by 2025. Its led by Roy Moody (former CEO of Phytek) and backed by
Icehouse Ventures, Sam Morgan, Sir Stephen Tindall, and others.
If this is if interest reply to this email accordingly.
Pictor
raising capital offshore
Pictor, which was a feature in my last News newsletter, continues to attract
investment. The Company has just held its AGM in which it reported Equity
funding and non-dilutive Grant funding since 1 April 2021 is now over $8
million.
Three of the company’s senior executives are based in the U.S. and their
Covid-19 assay is set to target that market with FDA approval now a priority.
The latest forecasts I’ve been given for 5 different, not just the Covid-19
products they produce, to New Zealand, Germany, India, and the U.S. are in
excess of NZ$10 million.
Sales forecasts outside New Zealand account for 86% of the total. So not
surprisingly they are about to expand the Offer to Australia via Wholesale Investor and close it in New Zealand
at the end of this month. So if you’re interested please get back to me by
then.
SiteSoft
- Pre-IPO Offer
Subscribers to my Opportunities newsletter will have recently received the
invitation to invest in a company that intends to list on The Australian Stock
Exchange. You can read an update on that Offer here.
Well we’ve received sufficient interest in this Offer to make the decision to
close it here in a couple of weeks - at the end of this month - and expand the
Offer to Australian investors via our friends in Wholesale Investor. The
“wholesale investor” regulations there are identical to those here.
This is a must read.
Metrino
– a large international business
Here’s something that originated in Europe and provides a revolution in public
transport.
The intellectual property is owned by a New Zealand company that owns 100% of
the intellectual property and the rights to commercialise a new form of urban
mass transport with a global market. It arrived here via the “inventor” having
moved to New Zealand.
Stake holders so far have committed US$1.55 million to develop the project.
It’s far too detailed to put in this newsletter but the idea is to raise
capital here of $500,000 that will enable the opening of an office in the U.S.
to raise the next level of US$5 million.
The investment is in the form of a convertible note, the terms of which include
the choice of receiving shares in the next funding round. If you’re interested
your next communications would be with the Promoter under NDA.
Other
Offers
There’s been big change in attitude in the last few weeks. Everybody’s sick and
tired of feeling sick and tired.
Maybe it can summed up by this video of some other entertainer we all
know.
Let’s get on with it.
.............................................................................................................................................................................................................
Any
reference above to investment is not an offer of financial products that
requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is
available only to wholesale investors as defined by that Act. It
is intended for distribution only to selected people to whom, under the
relevant laws, it can be lawfully distributed. It cannot be distributed in any
other jurisdiction, or to any other people. It is not an offer or solicitations
in any jurisdiction in which such offers or solicitations are not authorised,
or in which the person making such offers or solicitations are not qualified to
do so, or to any person to whom it is unlawful to make such offers or
solicitations. Any representation to the contrary would be unlawful. No action
has been taken by any person that would permit a public offering in any
jurisdiction where action for that purpose would be required.
Cheers
John
Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10, 120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz