Market Cap of ~$11.4m

Board Members

James Kruger - Executive Chairman

Mr Kruger is a global consultant in cleantech and has been a long-time investor in quantum computing and other next frontier technologies. He also advises technology companies on commercialization, utilizing his legal and investment banking skills from a 20+ year career at Macquarie. He has a passion for improving the sovereign capability of Australia through the commercialization of its research and IP capabilities.

Dave Mcnamee - Non-Executive Director

Mr McNamee is the founder and Portfolio Manager at Aliwa Funds Management, a boutique investment firm focused on finding, investing in, and helping Australia’s best emerging companies. His role has naturally extended to taking an active role with board and management teams helping them deliver on execution, strategies and capital market initiatives. He has invested in in a broad range of sectors and built strong relationships with industry experts and investment networks.

Doron Eldar -Non-Executive Director

Mr. Eldar is a tech entrepreneur and venture capitalist with over a decade of senior leadership experience on both sides of the industry. He's a Partner in SIBF, an Israeli Venture Capital firm with expertise in corporate strategy, business development, M&A, and go-to-market strategies. He is deeply involved in VC leveraging his extensive background to identify and nurture high-potential startups. He has held various managing positions in both private and public companies, driving growth, spearheading strategic initiatives, and facilitating successful exits. His passion lies in fostering innovation and guiding businesses toward sustainable success.

Executive Team

Geoffrey Nicholas - Chief Financial Officer

Mr Nicholas is an experienced business leader with a proven track record in business acquisitions and operational integrations, most recently leading the integration of five acquisitions in the space of two years at 5G Networks. With more than 18 years’ experience in senior finance functions in the IT sector both in Australia and internationally, Geoffrey has applied the same dedicated focus on financial metrics and performance to drive these organisations forward.

Ben Hodge - Advisory Services

Mr Hodge has a diverse and accomplished background in business and technology. He has led, founded, and successfully exited businesses in the IT and medical devices industries, showcasing his entrepreneurial skills and ability to navigate complex technological sectors. For the past 2 and a half years, Ben has acted as Investment officer at PVL and provided research and analytical capabilities to the PVL investment team. 

Will Cunning - Investment Manager

Mr Cunning has worked with the Aliwa Alpha fund for over 3 years and has prior experience in small and mid-cap equities across both tech and industrials. Prior to working at the Alpha Fund, William spent 3 years at a boutique research firm providing stock coverage to Australia’s top small and mid-cap institutional fund managers. Before entering financial markets, William worked in technology consulting at Gartner International and ran operations and analysis at a successful Brisbane based SaaS startup.

·      December 2024 subscribed for $200,000 of convertible notes in Metal Powder Works Metal Powder Works is based in Pittsburgh, Pennsylvania, USA and specialises in the production of high-quality metal powders for additive manufacturing and other advanced applications. ASX entity K-TIG Limited (K-TIG) recently announced it has entered into a binding agreement to acquire Metal Powder Works. https://announcements.asx.com.au/asxpdf/20241223/pdf/06cz62czztkjn8.pdf

·       December 2024 Revaia merger with Regenco. Revaia Pty Ltd (our new Carbon Co active investment: ASX announcement 9 July 2024) has agreed terms for an 100% all-scrip acquisition by RegenCo Group Ltd (https://regenco.earth/) valuing Revaia at A$24m equity value. On completion all Revaia shareholders (including PVL), will collectively own 32% (on a fully diluted basis) of RegenCo Group Ltd.https://www.asx.com.au/asx/v2/statistics/announcements.do;jsessionid=AC0DD761CF9DF4AC582812C541211EB6?by=asxCode&asxCode=pvl&timeframe=Y&year=2024

·      November 2024 Sale of investment in Courseloop. 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. https://announcements.asx.com.au/asxpdf/20241105/pdf/06b1j1x7dnr3g0.pdf

·      September 2024 acquisition of Aliwa Funds Management Aliwa Funds Management is a boutique Australian funds management business based out of Brisbane. https://announcements.asx.com.au/asxpdf/20240918/pdf/0680k4bsyrzy00.pdfhttps://announcements.asx.com.au/asxpdf/20240918/pdf/068056d7t6nbq9.pdf

·      July 2024 Investment in New Carbon Co AUD$500,000. a new company New Carbon Co will complete corporate share sales agreements to acquire and consolidate two initial entities as 100% subsidiaries into the platform: - Climate Revive Pty Ltd: A carbon project development company with a focus on landscape regeneration, maximising both carbon and agricultural outputs. The company has established itself as a leader in Queensland and New South Wales, securing 10 registered projects under the Human Induced Regeneration (HIR) method in the last 12 months. - Cool Planet Sustainability Pty Ltd: A sustainability consulting firm established in 2007, known for its expertise in carbon neutrality services and carbon offset trading. Cool Planet also offers comprehensive sustainability consulting services, helping both Government and corporate clients achieve their environmental goals. https://announcements.asx.com.au/asxpdf/20240709/pdf/065dsq3wc70qnd.pdf

·      August 2023 Sale of Firmus Grid, The gross proceeds from the sale are $305,000. PVL initially invested $250,000 into Firmus in December 2021 via pre-IPO convertible notes to support the development of their data centre compute capability and commercialisation of the proprietary immersion cooling technology. https://announcements.asx.com.au/asxpdf/20230816/pdf/05sp73v1q4zvh8.pdf

·      July 2022 investment in Liquid Instruments USD$400,000 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. Liquid Instruments was spun out of ANU in 2014.https://announcements.asx.com.au/asxpdf/20220711/pdf/45bqt09sxr16jy.pdf

·      June 2022 investment in Cirrus Materials Science further NZD $400,000. PVL invested $150,000 in Cirrus in its initial pre-seed round in 2018. Cirrus is focused on next-generation surface technologies. Cirrus’ nanoparticle technology when applied to surface finishings and coatings can significantly improve material performance while also reducing energy consumption, pollution, and time in the manufacturing process. https://announcements.asx.com.au/asxpdf/20220610/pdf/459th38y9f03lh.pdf

·       May 2022 Investment in Quantum Brillance AUD$500,000. Quantum Brilliance is an Australian-German quantum computing hardware company, developing quantum accelerators supported by a full stack of software and application tools. Using synthetic diamond, their quantum processor is designed to operate at room temperature and is miniaturisable leading to capabilities in co-processing of computational tasks with classical computer units. https://announcements.asx.com.au/asxpdf/20220505/pdf/458r00n6xk4k2y.pdf

·      May 2022 Investment in Urbix .USD$500,000 for an ownership stake. Based in Arizona, Urbix is financing its production capability to enable it to supply, in considerable volume, a “drop-in” graphite product for lithium-ion batteries for electric vehicles. Urbix’s product is coated spherical graphite with both a better environmental footprint and electro-chemical performance versus current natural graphite products (which are all currently made in China). Urbix’s unique technology enables high yields and low operating costs and delivers to Urbix high product margins. https://announcements.asx.com.au/asxpdf/20220504/pdf/458p2slzxs5y5c.pdf

·      April 2022 investment in Saccade Analytics. CAD225,00 (AUD~240,000) Saccade Analytics Inc. (“NeuroFlex”) the holding company of NeuroFlex brand and products. NeuroFlex delivers real-time brain health assessments using VR technology and its proprietary algorithms developed through leading medical research from McGill University, Montreal Canada. https://announcements.asx.com.au/asxpdf/20220413/pdf/457zdmr712x15t.pdf

·      February 2022 a SAFE Note investment of $200,000 into Flomatrix Pty Ltd (Flomatrix). Flomatrix is a medical device company that has developed novel peripheral IV cannula (PIVC) solutions designed to overcome issues and challenges of existing products in the global health system which have high failure rates and resultant increased costs. Early trial studies have indicated that Flomatrix’s PIVCs have dramatically lower failure rates with less internal vein damage when compared against market leading PIVC. https://announcements.asx.com.au/asxpdf/20220211/pdf/455w9qb60y2y08.pdf

·      December 2021 investment in Courseloop pty ltd and Firmus grid pty ltd. AU435,000 for a 1.4% ownership stake of CourseLoop Pty Ltd (“CourseLoop”) AU250,000 in Convertible Notes and Warrants in Firmus Grid Pty Ltd (“Firmus”) These investments are examples of PVL’s focus on the digital and information technology sector with Saas (software as a service) revenue streams, while both companies provide exposure to the new Web 3.0 marketplace for data that is becoming increasing relevant across the globe. CourseLoop is a provider of course management software (CMS) platform to universities across Australia, the UK and the US with customers including Monash University, University of Sydney and UCLA. Firmus is an emerging ultra-efficient, low PUE data centre developer and operator that utilises unique intellectual property (IP) relating to immersion cooling. Firmus’ proprietary single phase immersion data centres are fully compatible with industry standards for air- cooled servers, with the unique benefits of capacity to host the world’s most demanding compute loads for AI & Machine Learning workloads, with best-in-class energy efficiency and capabilities. Firmus existing 20MW data hall in Tasmania, LST01, hosts up to 100KW per 45RU rack, at 1.03 PUE, and is powered by majority renewable energy. https://announcements.asx.com.au/asxpdf/20211222/pdf/454gpx2zt2jtrw.pdf

·      December 2021 executed a share subscription for AUD$250,000 for a minor stake in Australian space services company, SkyKraft Pty Ltd. SkyKraft specialises in the design, manufacture and operations of small satellites in Low Earth Orbit constellations for the delivery of global services. https://announcements.asx.com.au/asxpdf/20211210/pdf/4540vd1cgvsww7.pdf

·      December 2021 Sale of EdPotential NZ education software and data analytics provider. PVL was an early investor in EdPotential, after it was incorporated as a spin off from Victoria University of Wellington. The sale price represents a return of~120% on PVL’s original investment of NZ$150,000. As the stake had previously been impaired to zero, the proceeds represent a full increase in NAV and will be booked to profit, subject to any provisions to take into account the standard vendor warranties provided, which were capped and time-bound in favour of the vendor. https://announcements.asx.com.au/asxpdf/20211206/pdf/453tq2q4t2105g.pdf

·      October 2021 PVL Migration of Tax residency from New Zealand to Australia https://announcements.asx.com.au/asxpdf/20211018/pdf/451s7l3pgtfzzf.pdf

·      May 2021 sale of PVL’s stake in Orbis Diagnostics (Orbis). PVL has been an early investor since Orbis was incorporated as a spin off from the University of Auckland. Proceeds from the sale (~$NZ360,000) https://announcements.asx.com.au/asxpdf/20210512/pdf/44wf2gnn6g61pk.pdf

·      November 2020 sale of its stake in Hot Lime Labs (HLL) HLL was part of PVL’s existing investment portfolio and PVL has been an early investor since HLL was incorporated as a spin off from Callaghan Innovation in 2014. The Company will advise when the proceeds from the sale (~$NZ558,000) have been received. https://announcements.asx.com.au/asxpdf/20201106/pdf/44pltz939zhdwk.pdfhttps://announcements.asx.com.au/asxpdf/20201127/pdf/44qbhv0g1mlffr.pdf

·      July 2020 sale of its stake in Hapai Transfer Systems (Hapai) Proceeds from the sale ($NZ230,000) https://announcements.asx.com.au/asxpdf/20200708/pdf/44kbw63wd690m6.pdf

·      October 2019 sale of its $NZ1.03 stake in MARS Bioimaging Limited (MARS) https://announcements.asx.com.au/asxpdf/20191015/pdf/449hx24lyxgsjh.pdf

·      November 2018 announces that it has given notice to Invert Robotics Limited (Invert) to commence a pre-emptive process as a pre-cursor to selling up to 103,867 (NZ$2 million) of its ordinary shares in Invert at a price of NZ$19.75 per share. https://announcements.asx.com.au/asxpdf/20181107/pdf/4402wqgxlwmbf6.pdfhttps://announcements.asx.com.au/asxpdf/20181212/pdf/44159kwyhcylb5.pdf

·      June 2018 to selling up to 57,111 ($1 million) of its ordinary shares in Invert at a price of $17.51 per share. https://announcements.asx.com.au/asxpdf/20180619/pdf/43vw0123mc4jl6.pdfhttps://announcements.asx.com.au/asxpdf/20180824/pdf/43xmqtyqp5f4jy.pdf

·      November 2017 PVL will not proceed with sale of NZ$1.3m of Invert Robotics shares advised on 21 Sep 2017. PVL now advises that it will not be proceeding with this sale, as one of the sale conditions has not been satisfied by the required date. https://announcements.asx.com.au/asxpdf/20171114/pdf/43p6g4t65kshz4.pdf

·      November 2017 Further Sale of ArcActive Ltd share - Further​ ​to​ ​the​ ​release​ ​of​ ​6​ ​November​ ​2017,​ ​Powerhouse​ (​​ ASX​ ​Code:​ ​PVL)​ ​confirms​ ​that​ ​it has​ ​received​ ​further​ ​offers​ ​for​ ​the​ ​purchase​ ​of​ ​Arcactive​ ​shares​ ​totalling​ ​approximately $481,248​ ​(240,624​ ​shares).​ ​​​PVL​ ​is​ ​working​ ​through​ ​the​ ​transfer​ ​of​ ​these​ ​shares​ ​and​ ​will confirm​ ​once​ ​the​ ​process​ ​is​ ​completed. Including​ ​these​ ​new​ ​sale​ ​amounts,​ ​the​ ​total​ ​offers​ ​received​ ​amount​ ​to​ ​$1,734,552​ ​(867,276 shares).​ ​After​ ​the​ ​transfers,​ ​Powerhouse​ ​will​ ​retain​ ​just​ ​68,140​ ​shares​ ​representing​ ​a​ ​0.43% shareholding. https://announcements.asx.com.au/asxpdf/20171107/pdf/43p10rjwqkprsw.pdf

·      October 2017 Partial Sale of shares in Arcative Ltd. Arcactive​ ​Ltd​ ​was​ ​originally​ ​a​ ​“spin​ ​out”​ ​of​ ​lead​ ​acid​ ​electrode​ ​technology​ ​from​ ​the​ ​University of​ ​Canterbury.​ ​The​ ​technology​ ​significantly​ ​improves​ ​lead​ ​acid​ ​battery​ ​performance​ ​and​ ​is ideal​ ​for​ ​application​ ​in​ ​start-stop​ ​and​ ​micro-hybrid​ ​automobiles. The​ ​sale​ ​and​ ​purchase​ ​agreement​ ​is​ ​for​ ​200,000​ ​shares​ ​at​ ​NZ$2.00​ ​per​ ​share​ ​and consideration​ ​of​ ​NZ$400,000.​ ​Powerhouse​ ​originally​ ​invested​ ​in​ ​Arcactive​ ​in​ ​2011​ ​at​ ​40 cents​ ​per​ ​share,​ ​and​ ​again​ ​in​ ​2012​ ​at​ ​60​ ​cents​ ​per​ ​share.​ ​At​ ​30​ ​June​ ​2017​ ​Powerhouse​ ​held 935,416​ ​shares​ ​which​ ​were​ ​held​ ​in​ ​the​ ​balance​ ​sheet​ ​at​ ​NZ$1.60​ ​per​ ​share.​ ​After​ ​the​ ​sale, Powerhouse​ ​will​ ​retain​ ​735,416​ ​shares​ ​representing​ ​a​ ​4.65%​ ​shareholding. https://announcements.asx.com.au/asxpdf/20171031/pdf/43nt0m74vh2qbk.pdf

·      September 2017 Sale of part its shareholding in Invert Robotics Limted. After the sale, PVL would hold between 23.6% and 28.2% of Invert’s shares (based on current total shares on issue) depending on whether or not the co-sale rights are exercised. https://announcements.asx.com.au/asxpdf/20170921/pdf/43mj0n1f233179.pdf

·      August 2017 writing down its investment of Hydrowork to zero. https://announcements.asx.com.au/asxpdf/20170810/pdf/43l9ln74f1gtlg.pdf https://announcements.asx.com.au/asxpdf/20170817/pdf/43lh6w18qn2ps4.pdf

·      May 2017 Sale of all of its shares in Syft. Syft was originally a ‘spin-out’ of gas analysis technology from the University of Canterbury in Christchurch. This is Powerhouse’s first liquidity event from its portfolio of 24 innovative technology companies. Powerhouse held 1.5% of the issued capital in Syft, having purchased the stake in 2013 for $99,000. The shareholding was sold over recent days for a total consideration of $996,900, netting a 10 times initial investment return and a 76% per annum Internal Rate of Return (IRR) on the investment. Powerhouse’s Syft shares were being carried at a fair value of $1.298 million, following steep rises in the share price over recent months – as such a loss against book value of $0.3 million was recorded. https://announcements.asx.com.au/asxpdf/20170519/pdf/43jcl78y91lcdq.pdf

·      November 2016 invests up to NZD450,000 into Objective Acuity Ltd, a spin-out from Auckland UniServices, developing a novel quantitative test of visual acuity. Powerhouse has committed to invest up to NZD 450,000 subject to certain milestones being met. Objective Acuity is founded on technology originating out of the University of Auckland’s School of Optometry and Vision Science and the Auckland Bioengineering Institute. The technology was invented by Dr Ben Thompson, an Associate Professor at the University of Auckland and Dr. Jason Turuwhenua, a research fellow at the Auckland Bioengineering Institute. https://announcements.asx.com.au/asxpdf/20161102/pdf/43cl3t3frh0n77.pdf

·      October 2016 invests in EdPotential Ltd NZD450,000,  a new ed-tech software company, has been spun-out from Victoria University of Wellington’s Faculty of Education in conjunction with Macleans College Auckland. The company’s initial focus will be to commercialise a software-as-a-service product that enables schools to inquire into their assessment data, analyse it to identify gaps and strengths, and then act to target solutions that improve student achievement. The technology has been generated by founding shareholders Victoria and Macleans alongside academic founders Dr. Michael Johnston and Emeritus Professor Cedric Hall. https://announcements.asx.com.au/asxpdf/20161031/pdf/43cgt51h2cdnp4.pdf

·      October 2016 invests in Ferronova a spin-out from University of South Australia and Victoria University of Wellington developing a ground-breaking cancer staging system. Ferronova has been founded by University of South Australia (UniSA) with Associate Professor Benjamin Thierry, leader of the translational NanoBioEngineering group within the University’s flagship institute, the Future Industries Institute, which develops and implements novel cancer biodiagnostic and prognostic technologies. Dr Thierry was made Research Associate Professor in 2012 and has received prestigious awards including Career Development Award Fellowships from the National Health and Medical Research Council. https://announcements.asx.com.au/asxpdf/20161017/pdf/43c0xhx32j0t7w.pdf

Active Investment in Metal Powder Works and Facilitation Fee in ASX: KTG Re-listing Application

https://www.marketindex.com.au/asx/pvl/announcements/investment-origination-fee-for-ktig-3A658801

Key Info: With the merger PVLs ownership valuation in the joint Carbon Project venture will increase from $750k to over $3m.

This will have a significant impact on PVLs current NTA of ~10m.

https://www.marketindex.com.au/asx/pvl/announcements/revaia-merger-with-regenco-3A658566

Quantum Brilliance Secures $30m Series A Funding. PVL should find its position revalued to ~$705,000 subject to auditors review.

https://yourir.info/resources/0294565b3b777d1a/announcements/pvl.asx/3A658361/PVL_Quantum_Brilliance_Secures_$30m_Series_A_Funding.pdf?download=1

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

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.