Noddy74
Really good post TEPCapital. You laid out a compelling investment thesis. It's not a company I'd come across and I will definitely take a look. I'm a bit sceptical about a business that invests in an Australian space services company - but one day someone will find a model that works. CourseLoop and Firmus Grid both look interesting, with CourseLoop being an IPO candidate in the next 12 months.
Harley Grosser has been a busy boy in the past couple of years! In addition to his involvement here he is the founder of Capital H, MD of ARC and a Director of Motio - the latter two only coming in the past 12 months. I've also heard him on numerous podcasts and Livewire. There's barely a deal that gets done that he hasn't had some involvement in. I hear Kevin Rudd approaches him first when he wants to secure more vaccine...! It's perhaps slightly interesting that he has used Capital H and not ARC as the investment vehicle for PVL. ARC has flagged having a Venture Capital fund manager within its structure but it may of been easier to attract the team (Josh Baker et al.) it has from a Capital H perspective.
Will try to look at this more closely in the next fortnight.
Noddy74
Hey Tom,
I ended up taking that position in Powerhouse (ASX:PVL). Given its illiquidity it took a while to get in but the last few days have enabled some interesting opportunities to start to present themselves. Ultimately it's a bet on the team to deliver on the turnaround, find some good deals and then make the appropriate announcements.
I'm surprised @Bkrdzn hasn't taken a position yet. Before he knows it PVL could be at 20 cents and he'll miss out entirely!
