Massive news was announced earlier today in Australia - Skykraft...

Massive news was announced earlier today in Australia - Skykraft (the [previously] 3rd largest position in the PVL portfolio) has raised $120m - the second largest raise in Australia this year. In my opinion, Skykraft is on track to become a $1bn+ business. If achieved, the ongoing success of this portfolio company could lift the Powerhouse (PVL) portfolio in the same vein as SiteMinder has done for Bailador (which eventually IPO'd and led to a liquidity event).

This news (RE Skykraft) is likely to be associated with a major uplift in Skykraft's valuation... Thus, it will be interesting to see where the PVL NTA lands, I suspect it may have risen from 8.9c/share to closer to 10c/share... compared to a current share price of sub 5c (assuming that the Skykraft valuation has doubled to circa A$150m).

This might be the catalyst that the stock needed to see a sustained re-rate in the share price that will close the gap back to NTA.Let's see - really exciting news - the share price finished up 15% today ... it could run a lot further given the very low starting point. The share price would need to rise circa 100% to get back closer to NTA/share. If Skykraft continues to perform, this could carry the PVL portfolio for many years ahead, and a PVL investment could turn into a longer-term compounding journey.