Gold Income LP 

  Hort  

  

  MyFarm Limited  

WARNING The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule 1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.


If you fall within Schedule 1, Clause 3 of the FMCA, as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.


Note: We urge you to carefully review the information Memorandum and additional attachments (if applicable) before lodging an application. In the event that there are any material changes to the Information Memorandum communications will be added to the attachments for review.

Overview

The Offer is to wholesale investors of Units representing partnership capital in Gold Income LP, a Limited Partnership to be formed to acquire established SunGold orchards during calendar year 2021.


Subject to the success of this Offer, the Partnership will purchase orchards and meet orchard purchase costs and syndicate establishment costs using a combination of contributed capital to be raised in this Offer and bank debt to a maximum overall loan to value ratio (‘LVR’) of 35%. The calculation of LVR excludes establishment fees and costs. The LVR for a particular orchard purchase may go as high as 50% in the short term to fund the initial settlement.


The Offer is to raise $15m of partnership capital in Gold Income LP, plus over-subscriptions at the Offeror's discretion. The minimum amount that must raised in the Offer is $7 million (7 million Units on a fully paid basis). The amount of capital raised in the Offer will determine the number of SunGold orchards that can be purchased (one or more) and the rate that unpaid capital is called.


The minimum investment is $50,000 and thereafter the size of an investment can be increased in multiples of $10,000 (10,000 Units). Payment of $0.20/Unit is due at the time of application. Payment of unpaid capital will be called in multiples of $0.10/Unit and subject to 20 business days notice.


The offeror currently has purchased a property at the Cnr of State Highway 10 and Stanners Road Kerikeri and has a second property under contract (subject to approval) and are continuing to source additional properties for this offer.


As a limited partner the maximum amount payable is $1.00 per Unit and no other payments are required to be made other than those specifically agreed to.


IMPORTANT DATES: Initial Closing Date 14 May 2021 subject to raising a minimum of $7 million on a fully paid basis. Stage 2 opened on 7 May 2021 and was set up for the purpose of purchasing the second property (currently under contract) - These units will be raised under separate issue and will be merged with this issue when the purchase of the 2nd property is finalised.



Manager:
MyFarm Limited
Issue Name:
Gold Income LP
Market:
Agriculture
Market Type:
Hort

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:20300000

Min Investment Units/Shares:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 20 May 2021

Financial Year End: 31 March 2023

Market Snapshot

Last Traded Value:NZD 70,000.00

Last Traded Price:NZD 1.00

Last Traded Quantity:70000

Last Traded Date: 23 June 2022

Property Details

Property Name Location Address
Stanners Road Orchard Kerikeri Corner State Highway 10 and Stanners Road, Kerikeri
Rangitaiki Orchard Edgecumbe 163 Western Drain Road, Edgecumbe. 3193

Contact

Document Name Description Date Uploaded
MyFarm SunGold Track Record Fact Sheet 4 March 2021 Preview/Download
Gold Income Limited Partnership - Information Memorandum - 18/03/2021 Gold Income Limited Partnership - Information Memorandum - 18 March 2021 26 February 2021 Preview/Download
Gold Income LP-Secondary Market Offer IM - 4 April 22 Gold Income LP-Secondary Market Offer Information Memorandum- 4 April 22 6 April 2022 Preview/Download
Kiwifruit Industry Update 9 January 2022 Preview/Download
GOLD INCOME LP - Rangitaiki Orchard - DD Report - August 2021 GOLD INCOME LP - Rangitaiki Orchard - DD Report - August 2021 14 September 2021 Preview/Download
GOLD INCOME - Limited Partnership Agreement - 20.05.2021 GOLD INCOME - Limited Partnership Agreement - 20 May 2021 3 June 2021 Preview/Download
Gold Income - Quarterly Report - March 2022 11 May 2022 Preview/Download
GOLD INCOME - Quarterly Report - 31 December 2021 17 February 2022 Preview/Download
GOLD INCOME - Quarterly Report- 30 September 2021 GOLD INCOME - Quarterly Report- 30 September 2021 9 January 2022 Preview/Download
GOLD INCOME -Secondary Market Offer IM -16 Nov 21 GOLD INCOME -Secondary Market Offer IM -16 Nov 21 22 November 2021 Preview/Download
Zoom: 11

MyFarm Limited

 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value NTA Equity Asset Ratio ROE
Gold Income LP                  
Aupōuri Avocados LP                  
Awakeri Orchard LP                  
Awatere Valley LP                  
Bay Kiwifruit Orchards LP 63,514.00 NZD 201,821.89 NZD 107,160.03 NZD 94,661.86 NZD 215.00 NZD 2,199,868.56 NZD 2,042,400.01 109.00% 9.88%
Birch Hill Capital Raise March 2022                  
Birch Hill LP                  
Central Cherry Orchard LP                  
CQuest LP                  
Eastern Orchards LP                  
GCF Investments                  
Gold Income LP - Maraenui                  
Gold Income LP - Rangitaiki                  
Heretaunga Orchards LP                  
HLP Investments LP                  
Karaka Orchard Class B Units Partly Paid                  
Karaka Orchards LP 270,600.00 NZD 11,068.00 NZD 12,177.00 NZD -1,109.00 NZD 12,251.00 NZD 9,986,046.83 NZD 4,981,444.00 98.00% 0.22%
Kintyre Vineyard LP                  
Kintyre Vineyard LP - Arck Extension                  
KLP Investments LP                  
Korokipo Apple LP                  
LLP Investments LP                  
MyFarm Application Test                  
Otamarakau Kiwifruit LP                  
PRD Investments                  
Quarry Kiwifruit LP                  
Quarry Kiwifruit LP - Ohaeawai Extension                  
Riverview Kiwifruit LP                  
Rākete Capital Raise Crown 26 Nov 2020                  
Rākete Orchards Bonus Units 29 Oct 2020                  
Rākete Orchards LP                  
Tapawera Hop Garden LP                  
Te Arai Gold LP                  
Te Arai Orchard LP                  
TPLP Investments Limited                  
Waikerikeri Irrigation LP (Withdrawn)                  
Waimarie Manuka LP                  
Wairau Valley Vineyards LP                  
Wairua Hop Garden LP                  
Willowbank Apples LP                  
Ᾱporo Iti Orchard LP                  
 
Issue Production Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Gold Income LP            
Aupōuri Avocados LP            
Awakeri Orchard LP            
Awatere Valley LP            
Bay Kiwifruit Orchards LP 1.49 NZD 4.73 NZD 2.51 NZD 2.22 NZD 0.01 NZD 51.51
Birch Hill Capital Raise March 2022            
Birch Hill LP            
Central Cherry Orchard LP            
CQuest LP            
Eastern Orchards LP            
GCF Investments            
Gold Income LP - Maraenui            
Gold Income LP - Rangitaiki            
Heretaunga Orchards LP            
HLP Investments LP            
Karaka Orchard Class B Units Partly Paid            
Karaka Orchards LP 11,000.00 NZD 449.92 NZD 495.00 NZD -45.08 NZD 498.01 NZD 405,936.86
Kintyre Vineyard LP            
Kintyre Vineyard LP - Arck Extension            
KLP Investments LP            
Korokipo Apple LP            
LLP Investments LP            
MyFarm Application Test            
Otamarakau Kiwifruit LP            
PRD Investments            
Quarry Kiwifruit LP            
Quarry Kiwifruit LP - Ohaeawai Extension            
Riverview Kiwifruit LP            
Rākete Capital Raise Crown 26 Nov 2020            
Rākete Orchards Bonus Units 29 Oct 2020            
Rākete Orchards LP            
Tapawera Hop Garden LP            
Te Arai Gold LP            
Te Arai Orchard LP            
TPLP Investments Limited            
Waikerikeri Irrigation LP (Withdrawn)            
Waimarie Manuka LP            
Wairau Valley Vineyards LP            
Wairua Hop Garden LP            
Willowbank Apples LP            
Ᾱporo Iti Orchard LP            
 
Issue Revenue Farm Working Expenses EBITDA Interest Enterprise Value
Gold Income LP          
Aupōuri Avocados LP          
Awakeri Orchard LP          
Awatere Valley LP          
Bay Kiwifruit Orchards LP NZD 3.18 NZD 1.69 NZD 1.49 NZD 0.00 NZD 34.64
Birch Hill Capital Raise March 2022          
Birch Hill LP          
Central Cherry Orchard LP          
CQuest LP          
Eastern Orchards LP          
GCF Investments          
Gold Income LP - Maraenui          
Gold Income LP - Rangitaiki          
Heretaunga Orchards LP          
HLP Investments LP          
Karaka Orchard Class B Units Partly Paid          
Karaka Orchards LP NZD 0.04 NZD 0.05 NZD 0.00 NZD 0.05 NZD 36.90
Kintyre Vineyard LP          
Kintyre Vineyard LP - Arck Extension          
KLP Investments LP          
Korokipo Apple LP          
LLP Investments LP          
MyFarm Application Test          
Otamarakau Kiwifruit LP          
PRD Investments          
Quarry Kiwifruit LP          
Quarry Kiwifruit LP - Ohaeawai Extension          
Riverview Kiwifruit LP          
Rākete Capital Raise Crown 26 Nov 2020          
Rākete Orchards Bonus Units 29 Oct 2020          
Rākete Orchards LP          
Tapawera Hop Garden LP          
Te Arai Gold LP          
Te Arai Orchard LP          
TPLP Investments Limited          
Waikerikeri Irrigation LP (Withdrawn)          
Waimarie Manuka LP          
Wairau Valley Vineyards LP          
Wairua Hop Garden LP          
Willowbank Apples LP          
Ᾱporo Iti Orchard LP          
Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
23 June 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
23 June 2022 200,000  Units NZD 1.00 NZD 200,000 NZD 200,000 Off Market Transfer
23 June 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
23 June 2022 70,000  Units NZD 1.00 NZD 70,000 NZD 70,000 Off Market Transfer
10 June 2022 1,543,000  Units NZD 1.00 NZD 1,543,000 NZD 1,543,000 Off Market Transfer
10 June 2022 70,000  Units NZD 1.00 NZD 70,000 NZD 70,000 Off Market Transfer
10 June 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
10 June 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
10 June 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
10 June 2022 40,764  Units NZD 1.00 NZD 40,764 NZD 40,764 Off Market Transfer
30 May 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 On Market Trade
20 May 2022 400,000  Units NZD 1.00 NZD 400,000 NZD 400,000 Off Market Transfer
13 April 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 April 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 April 2022 60,000  Units NZD 1.00 NZD 60,000 NZD 60,000 Off Market Transfer
1 March 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 March 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 March 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 March 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 March 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 February 2022 150,000  Units NZD 1.00 NZD 150,000 NZD 150,000 Off Market Transfer
1 February 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
22 January 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 On Market Trade
15 December 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 On Market Trade
1 December 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
1 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
1 December 2021 1,000,000  Units NZD 1.00 NZD 1,000,000 NZD 1,000,000 Off Market Transfer
30 November 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 On Market Trade

Secondary Market - Gold Income LP Wholesale

Quantity on Offer Offer Price   Offer End Date Highest Bid Active Bidders Action
50,000 Units NZD 50,000.00 30/06/2022 NZD .00 0
50,000 Units NZD 50,000.00 30/06/2022 NZD .00 0
100,000 Units NZD 100,000.00 8/07/2022 NZD .00 0