James Kruger EC/ED:

7/11: Bought 350,000 shares

David McNamee: Non ED

5/11: Bought 77,474 shares

6/11: Bought 22,576 shares

7/11: Bought 25,000 shares

SALE OF INVESTMENT IN COURSELOOP

Further to the announcement released to the ASX on 09 October 2024, Powerhouse

Ventures Limited (PVL) is pleased to advise shareholders that the portfolio sale has

been completed with funds received.

PVL initially invested $435,000 into CourseLoop in December 2021 and has sold that

equity investment for $790,000 realising a gain of $355,000 (82%) on the initial

investment and $314,614 (66%) on the 30 June 2024 carrying value.

ASX

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02870108-3A653727

In the PVL quarterly update today they made an announcement and as it has been noted previously by other posters there seems to have been a business pivot. From what I gather this pivot has occurred to increase their investable funds.

“High Investment - Specialist Investment House” with new characteristics.

This might make some holders sell if they were after a simple VC hold however, I can see their logic.

At a time where VC funding is low, looking at ways to bring in funds for further investments is, I think, a better alternative than diluting shareholders.

At this stage the pivot in how they aim to make money seems like a positive way of increasing shareholder value both in the short term and long term.

i am happy to continue holding to see if these additional income streams help increasing their cash to invest whilst, they wait for VC investments to pay off.

Just reviewing all the recent new from my PVL holding and noticed yesterday’s announcement. (I highlighted the financial benefit).

SALE OF A PORTFOLIO COMPANY INVESTMENT

Powerhouse Ventures Limited (PVL) is pleased to advise shareholders that one of its

portfolio companies has entered into a binding sale agreement and PVL has

subsequently signed to sell all its non-controlling interest in this asset. Settlement

for the transaction is due on 1 November under standard completion obligations

and contingencies. On settlement, the sale would realise approximately $790,000

cash and add approximately 0.2 cents to our Net Tangible Assets per share.

Due the strict confidentiality obligations requested by both the Company and the

Purchaser, PVL is unable to disclose the entity particulars of the sale agreement at

this juncture. Given that our position is a minority, non-controlling position that

cannot effect the sale, it is our view that such additional details are not materially

important to PVL shareholders.

PVL will provide a broader portfolio update in our next quarterly and expects to be

able to provide further information on this sale to shareholders on completion.

In our recent strategy updates we have highlighted that the duration of the PVL’s

investment portfolio is improving and this sale is a great testimony to that. We are

pleased that our balance sheet quality continues to improve so to enable us to

effect strategic investments which are more active (additional equity, potential for

ongoing consulting style revenue) and / or more liquid.

James Kruger

Executive Chairman

PVL with two recent announcements. Today’s announcement resulted in a significant share price bump.

June 24th: Strategy Update

https://yourir.info/resources/0294565b3b777d1a/announcements/pvl.asx/3A644776/PVL_Strategy_Update.pdf?download=1

July 9th: ACCI Investment

https://yourir.info/resources/0294565b3b777d1a/announcements/pvl.asx/3A645603/PVL_ACCI_Investment.pdf?download=1

Up 37% what’s going on LOL. 1 trade for $168.00 can do it ;)

Skykraft in the ABC news today.

PVL holds a stake in this company.

Good to see an underlying investment succeeding and making the news cycle!

I have just completed a quick desktop review of PVL after their results, they are on my general interest watchlist. Something I noted that is important given the small size of PVL is the expenses. To manage $10.9 NZD worth of net assets the cost in FY22 was around $800k NZD. This is effectively a management fee which takes a significant portion of returns. The assets need to make approximately 8% pa at the moment just to break even. Therefore, I think a discount to NTA is justified until the investments produce significant returns. To note is that these expenses are likely to be higher to due to the current buying of investments by management, once cash is fully invested, due diligence costs will reduce.

Interesting investment for PVL. New Investment in Australian-American Next Generation Test and Measurement Company, Liquid Instruments, Inc

Customers across multiple global markets including Aerospace & Defence, Automotive, Education and Semiconductor

Software-defined, hardware-accelerated, cloud-connected instrumentation disrupts the old hardware paradigm

Powerhouse Ventures Limited (PVL) is pleased to advise shareholders that it has reached agreement to invest USD400,000 in Liquid Instruments, Inc (“Liquid Instruments”) subject to final documentation. Liquid Instruments is an innovator and market leader in software-defined instrumentation. Test & Measurement instrumentation is a $20B market across legacy and rapidly growing industries like Aerospace & Defence, Automotive, Connectivity and Semiconductor.