View Full Version : SVR - Savor Ltd (Formerly MOA)
huxley
28-12-2017, 11:20 AM
Hmmn of all the craft beers my son talks of, Moa is never mentioned. There are some lovely beers out there,it's only marketing selling this one.
What does he think about Parrotdog?
winner69
28-12-2017, 11:27 AM
What does he think about Parrotdog?
Even as a shareholder i’m a bit disappointed in Parrotdog brews these days
Taken a fancy to Sawmill stuff ....esp The Doctor
huxley
28-12-2017, 11:50 AM
Even as a shareholder i’m a bit disappointed in Parrotdog brews these days
Taken a fancy to Sawmill stuff ....esp The Doctor
I see they've got some new sour beers released this summer, will give them a go when I get a chance. Yeah, I recently became a shareholder, Bitterbitch was my fav beverage for a while.
I'll keep an eye out for "the Doctor", I've tried a couple of Sawmill IPA's etc and they were pretty good.
I see they've got some new sour beers released this summer, will give them a go when I get a chance. Yeah, I recently became a shareholder, Bitterbitch was my fav beverage for a while.
I'll keep an eye out for "the Doctor", I've tried a couple of Sawmill IPA's etc and they were pretty good.
I am disappointed at Moa's marketing tbh. Their original ale is ok, but do like their session pale ale. Also some of their "reserve range" isn't too bad, enjoy the Five Hop. They just need decent marketing!
Sawmill IPA and their other brews are good though.
Peitro
29-12-2017, 11:20 AM
Peris Sky Juice is the one Moa beer that is definitely worth experiencing.
Session pale ale has been good so far. Really like the Panhead, Three Boys and Halletau stuff
Peris Sky Juice is the one Moa beer that is definitely worth experiencing.
Good to know, I bought this few months ago, haven't had the chance to try it.
Anyone had a chance to read their interim report for the six months ended 30 September? - http://www.moabeer.com/documents (http://www.moabeer.com/documents/)
huxley
30-12-2017, 05:16 AM
I am disappointed at Moa's marketing tbh. Their original ale is ok, but do like their session pale ale. Also some of their "reserve range" isn't too bad, enjoy the Five Hop. They just need decent marketing!
Sawmill IPA and their other brews are good though.
They certainly seem to SPEND a lot on marketing, hard to say if it is paying off though..
steveb
30-01-2018, 08:50 AM
I see David poole has backed the trailer up again this time over 400K at an average of .53.Wonder if he is still buying? Should be an interesting day?
Balance
30-01-2018, 10:07 AM
I see David poole has backed the trailer up again this time over 400K at an average of .53.Wonder if he is still buying? Should be an interesting day?
https://www.nbr.co.nz/article/update-moa-executive-director-david-poole-buying-shares-latest-rally-b-191556
Not the first time.
Hope this time he gets it right.
Peitro
08-03-2018, 11:55 AM
I am keeping an eye on MOA as a trading update was promised to be released this month.
Interested to see if they have generated the sales that they expected to reach their forecast of achieving positive cash flow months during this FY. If so, this will finally be a turning point.
Peitro
12-03-2018, 12:48 PM
I have been digging a bit further into the last few years and note the heavy seasonality of sales results:
($M) apologies for the formatting:
-------------2015 2016 2017 2018
April-Sept 2.46 3.33 3.74 4.55
Oct-March 3.54 4.87 6.46
Total----- 6.00 8.20 10.20
Looking at this trend, the sales target for the last 6 months should be around $8-8.5m. If they have achieved this, along with maintaining margin of 30%, they may have finally achieved break even point during this period and should have achieved positive cash flow.
I note that advertising spend was heavily weighted for the first half of the FY for the Lions tour and Americas Cup. This appears to have been culled back over the last 6 months, so I expect expenses to have dropped during the second half of the year too.
Achieving break even point would be a significant milestone and would lay the foundations for a profitable 2019.
Peitro
20-03-2018, 01:49 PM
Pulled the trigger and purchased today.
I was waiting for the summer trading update, but have a certain degree of confidence this will be a positive announcement and will be a landmark result.
It has been a long hot summer and beer sales across the board have been good this year. 6 months sales should top the $8m and deliver upon the positive cashflow promise.
Also Moa's premium range has really impressed me of late (Hop Swap, Perris Sky Juice, Chocolate Milk Stout and South Pacific IPA)
Ghost Monkey
21-03-2018, 02:29 PM
In that case you may want to head along to their Auckland HQ this Friday & Sat. for the "Fill You Boot - mega Moa cellar door sale"
discounts on all stock, end of line export runs, damaged packaging
(this post also works as an in for the cynical amongst us, go on, I know you want to....)
McGinty
21-03-2018, 03:08 PM
In that case you may want to head along to their Auckland HQ this Friday & Sat. for the "Fill You Boot - mega Moa cellar door sale"
discounts on all stock, end of line export runs, damaged packaging
(this post also works as an in for the cynical amongst us, go on, I know you want to....)
I usually head to Moa's cellar door weekly to sample excellent craft beer, we had that sale down here a few weeks ago so the leftovers must have made it up to Auckland now :-)
It has been the busiest Summer season at the cellar door out of the last 4 that I've been down here, Unsure if that will add much to the company's bottom line though.
Love drinking the beer, but it still has a huge amount of work to do before I would even consider it as an investment.
Ghost Monkey
21-03-2018, 03:18 PM
I picked some up at 28c a couple years back, then sold a large chunk for 88c, so worked alright for me. Happy to hold a few and see what happens. Paid for a few packs of cider if nothing else, so no complaints from me.
With the Bakery Boys getting out of Trilogy it will be interesting to see where they go with this one.
huxley
21-03-2018, 08:56 PM
Picked up some Parrotdog instead. Better to go with the stronger brand if you’re going to go with the speculative industry ;)
Peitro
29-03-2018, 05:31 AM
"Late March" summer trading update, effectively due out today. Hopefully above the $8m mark in revenue.
Sideshow Bob
29-03-2018, 07:42 AM
I'm actually half-pie (https://www.urbandictionary.com/define.php?term=half%20pie) surprised that they are still going.
As a semi-regular craft beer drinker, I simply don't consider the stuff, and only once ever seen my mates drinking it. Export the main target?
Surely their end game was to be cleaned up by the big boys at a large premium? Maybe they've had their fill for the moment after Emersons, Panhead, Tuatara etc...
value_investor
01-04-2018, 02:14 PM
"Late March" summer trading update, effectively due out today. Hopefully above the $8m mark in revenue.
Nothing in March to that effect released at all. Not a good sign, I'm sure if they had huge news they'd be huffing and puffing about it. Hopefully I get proven wrong.
Disc: not a holder
Peitro
30-04-2018, 01:35 PM
Pulling apart the press release - Launch of Mobev
This all opens the door wide open for a capital event with Constellation Brands, Inc NYSE: STZ $45Bil USD
Personally stoked with the teaming of sales portfolio with Ballast Point, one of the premier craft brewers in the world. Hope this means I can get fresh Sculpin down at the local New World in the future! :t_up:
Subway
01-05-2018, 07:53 AM
Pulling apart the press release - Launch of Mobev
This all opens the door wide open for a capital event with Constellation Brands, Inc NYSE: STZ $45Bil USD
Personally stoked with the teaming of sales portfolio with Ballast Point, one of the premier craft brewers in the world. Hope this means I can get fresh Sculpin down at the local New World in the future! :t_up:
I'm really surprised you see this as good news. Ballast Point is already stocked in all the majors, infact Constellation brands feature heavily in all the major chains.
The way I read this is Moa's sales team has failed (again) and they've essentially outsourced this to Constellation.
They lost Parrot Dog, and it doesn't mention the Lewis Road range which I assume they've lost as well.
Nice way to polish a turd.
The Bakery boys will polish up this one pretty well in the next few months/years now that they have let go of Trilogy, they will find a buyer eventually. They have been successful at doing it with other ventures, no doubt this one will do the same. They will look at the cheapest way to boost sales and get the brand out there, no use reinventing the wheel, best use people who already have the reach.
Peitro
01-05-2018, 08:22 AM
This deal makes the best of both worlds, taking in the learning's of past mistakes. This deal marries both close over watch and the benefit of scale.
As you say Subway, constellation brands feature heavily in all the major chains, now the 'accessible craft' offering is there to go with it.
Subway
01-05-2018, 08:25 AM
I disagree. Moa has no unique selling point, the beer is average, and the independent craft breweries that the big guys want to acquire simply aren't interested in Moa.
They keep crafting the narrative about their "size" and careful use of independent brewery, given the composition of the market now I wouldn't even put Moa in the Premium category let alone Craft.
Subway
01-05-2018, 08:29 AM
I dont think you quite get the NZ market. Moa is already in the same stores. This is nothing more than a reshuffle.
Moa still haven't addressed their pricing, they might be the largest "independent" brewery in sales, but they constantly discount in the Heineken/Steinlager $20 a doz segment, whereas their opposition are charging that for a 6 pack.
glennj
01-05-2018, 03:33 PM
I disagree. Moa has no unique selling point, the beer is average, and the independent craft breweries that the big guys want to acquire simply aren't interested in Moa.
They keep crafting the narrative about their "size" and careful use of independent brewery, given the composition of the market now I wouldn't even put Moa in the Premium category let alone Craft.
Moa seems to have marketing hype but I'd say it was being kind to call their attempts at craft beer average! At one stage I was going to invest heavily in Moa but changed my mind after travelling to Marlborough for a brewery tour and tastings there. I also bought product for tastings from various wholesale outlets and got drinker friends to give their opinion of free samples I gave them. IMO and that of my friends Moa product quality doesn't stack up against the premium craft beers and Moa's "industrial" mass market lager which sells more cheaply than most of their other product does not distinguish itself against the competition in this class. For these reasons I decided not to invest in Moa. They are up against it in NZ with their current product range and pricing!
steveb
02-05-2018, 08:27 AM
Moa seems to have marketing hype but I'd say it was being kind to call their attempts at craft beer average! At one stage I was going to invest heavily in Moa but changed my mind after travelling to Marlborough for a brewery tour and tastings there. I also bought product for tastings from various wholesale outlets and got drinker friends to give their opinion of free samples I gave them. IMO and that of my friends Moa product quality doesn't stack up against the premium craft beers and Moa's "industrial" mass market lager which sells more cheaply than most of their other product does not distinguish itself against the competition in this class. For these reasons I decided not to invest in Moa. They are up against it in NZ with their current product range and pricing!
Hi Glenn,were your drinker friends a good cross section of the NZ population? You have to remember NZ's ethnicity is changing fast.For example the chinese like a beer or two,but they would not drink Lion red for example it is to sweet for them.
Subway
02-05-2018, 09:41 AM
Hi Glenn,were your drinker friends a good cross section of the NZ population? You have to remember NZ's ethnicity is changing fast.For example the chinese like a beer or two,but they would not drink Lion red for example it is to sweet for them.
With all due respect when it comes to alcohol chinese focus on branding and perceived status, not taste.
For instance, Penfolds Grange is wildly popular in China, not for the taste, but for the prestige, and the perceived value based on how much they paid.
https://www.smh.com.au/world/chinese-police-find-14000-bottles-of-fake-penfolds-wine-in-counterfeiting-scam-20171116-gzmnh3.html
Moutai is a great example as well, its popular because its expensive and prestigious.
As for MoBev, the presser states its focused on Australian and NZ markets, not China.
As for a cross section of NZ, Moa needs to improve its margin on its product range, craft beer has high input costs (more ingredients hops etc), if you're selling your high input costs 12 pack for $20 and your competitor (Tuatara, Panhead etc) are selling theirs for $35-$40 a doz, then are you really positioned right?
winner69
02-05-2018, 09:45 AM
With all due respect when it comes to alcohol chinese focus on branding and perceived status, not taste.
For instance, Penfolds Grange is wildly popular in China, not for the taste, but for the prestige (Red Wine is often mixed with Coca Cola for instance).
https://www.smh.com.au/world/chinese-police-find-14000-bottles-of-fake-penfolds-wine-in-counterfeiting-scam-20171116-gzmnh3.html
Moutai is a great example as well, its popular because its expensive and prestigious.
As for MoBev, the presser states its focused on Australian and NZ markets, not China.
As for a cross section of NZ, Moa needs to improve its margin on its product range, craft beer has high input costs (more ingredients hops etc), if you're selling your high input costs 12 pack for $20 and your competitor (Tuatara, Panhead etc) are selling theirs for $35-$40 a doz, then are you really positioned right?
A client gave me a bottle of Penfolds Grange a few years ago.
What an extravagance ...my Mum would have turned in your grave if she knew I contemplated drinking it ....I couldn't bring myself to even have a sip
I gave it away
Apparently it was pretty good .... but then he had to say that eh
glennj
03-05-2018, 12:18 PM
Hi Glenn,were your drinker friends a good cross section of the NZ population? You have to remember NZ's ethnicity is changing fast.For example the chinese like a beer or two,but they would not drink Lion red for example it is to sweet for them.
We would only have represented middle and working class Kiwis of Maori and European descent. Do you think Moa is targeting the Chinese as customers? I would think if prestige and not taste was the biggest consideration when buying that there would be many more prestigious beers out there than those produced by Moa.
steveb
03-05-2018, 12:51 PM
We would only have represented middle and working class Kiwis of Maori and European descent. Do you think Moa is targeting the Chinese as customers? I would think if prestige and not taste was the biggest consideration when buying that there would be many more prestigious beers out there than those produced by Moa.
When I was last in china on business,we were taken to actual chinese restaurants where they did not cater for tourists,not much wine was sold but the customers were swilling from 1 ltr bottles of beer were just your everyday brand.(it was quite nice actually,can't say the same for the great wall wines)
It's true though that managing directors of chinese companies believe very much in prestige(what we call dress to impress)>They tend to drive the BMW and Mercs etc and buy the best of the best,but it certainly does not apply to the middle income class that make up the majority of the beer drinkers.
Whether it is the same model in NZ,I don't know,as to who Moa are targeting their products to.I suspect even they don't know.
huxley
03-05-2018, 04:40 PM
I understand you can pick up Moa cider in chengdu, china
Marilyn Munroe
03-05-2018, 09:00 PM
Moa seems to have marketing hype.
Selling booze is all about marketing hype. The ingredients of beer are water organic solvents sugar and CO2 gas costing pennies to manufacture.
Even the big boys do marketing hype. One of NZ's leading booze brands want you to think their product is brewed by rugged individuals in the back blocks of Otago when it is actually made in Auckland using recycled pee from the Waikato River.
Moa's objective is not quality but quantity, to sell enough to become a burr under the saddle of a major brewer and provoke them into making a bid to take them out.
Boop boop de do
Marilyn
Hectorplains
03-05-2018, 09:11 PM
Selling booze is all about marketing hype. The ingredients of beer are water organic solvents sugar and CO2 gas costing pennies to manufacture.
Even the big boys do marketing hype. One of NZ's leading booze brands want you to think their product is brewed by rugged individuals in the back blocks of Otago when it is actually made in Auckland using recycled pee from the Waikato River.
Moa's objective is not quality but quantity, to sell enough to become a burr under the saddle of a major brewer and provoke them into making a bid to take them out.
Boop boop de do
Marilyn
If that's the objective then:
1. They're failing miserably. The quantity Moa are shifting in NZ is inconsequential to either Lion or DB.
2. It contradicts everything about the export vision for success that Moa themselves keep trumpeting. The latest of this being in to China.
Snow Leopard
04-05-2018, 07:58 AM
...not much wine was sold but the customers were swilling from 1 ltr bottles of beer were just your everyday brand.(it was quite nice actually,can't say the same for the great wall wines)...
I understand you can pick up Moa cider in chengdu, china
Apparently the most consumed brand of beer in the world is the Chinese 'SNOW' brand, which I thought was 'MONS' for weeks until I realised I was reading it the wrong way up. It is not my favourite.
I find Harbin beers, especially their Ice beer, are the best of the widely available brands tried so far.
When in Chengdu look out for 'Zhang Fei' beer, take a trip to Langzhong if necessary, this is good stuff.
In Tibet you want to search out 'Barley beer', essentially this is a pretty weak 'home brewed' beer but a pleasant taste and the locals will be pleased that you are drinking it.
ChengYu wines are very drinkable.
I have never seen any Moa anywhere in China, but it is a big country.
huxley
04-05-2018, 05:42 PM
An interesting article on the subject : https://thespinoff.co.nz/business/18-12-2017/theres-a-massive-craft-beer-opportunity-in-china-are-kiwis-missing-out/ Apparently, China Resources, the company behind 'Snow' are not interested in acquiring overseas brands... tough luck Moa..
My source, cough cough, mentioned moa cider was quite popular at a music venue called NU SPACE in Chengdu, perhaps it goes well with their spicy sichuan noodles.. who knows. I did notice a few Yeastie Boys beers while in Stanly HK recently, but that's quite an international place anyway.
steveb
29-05-2018, 02:39 PM
Does anyone know if they are reporting tomorrow,there has been no SP movement prior,so either nobody cares or its ho-hum business as usual
Hectorplains
29-05-2018, 06:19 PM
Dunno, but MoBev their wacky JV promo debuts on Friday.
“The market is telling us a couple of things. Firstly, we know consumers don’t necessarily buy just a beeror just a wine, they buy for an occasion, often across multiple categories." - Ross says it best when he says nothing at all.
winner69
30-05-2018, 03:59 PM
Got more money to spend (on marketing?)
That’s good
Sales aren’t that high are they ...I thought they were a big company
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MOA/318704/280221.pdf
Maverick
08-06-2018, 11:13 AM
Anyone thinking of investing in this company should understand how poorly beer travels. Moa's marvously latest idea is to buddy up in China. Sounds like HuGE potential for growth. (Think ATM.) But as much as Moa beer is just fine here ( nothing wrong with the product) by the time you ship across the equator to sit on some warf somewhere etc etc it becomes very ordinary.
This might be a great idea for vodka or candles but NOT beer.
Go and buy by an American beer here and see what I'm on about. USA , the home of craft beer is very second rate once it arrives here.
This company will never succeed. The idea , at the time, of offering a premium craft beer to be an iconic brand in NZ was a good one. But that boat has long sailied and Moa has missed it.
i hope I haven't been too positive.
Sideshow Bob
08-06-2018, 11:46 AM
i hope I haven't been too positive.
I think you succeeded.....;)
Anyone thinking of investing in this company should understand how poorly beer travels. Moa's marvously latest idea is to buddy up in China. Sounds like HuGE potential for growth. (Think ATM.) But as much as Moa beer is just fine here ( nothing wrong with the product) by the time you ship across the equator to sit on some warf somewhere etc etc it becomes very ordinary.
This might be a great idea for vodka or candles but NOT beer.
Go and buy by an American beer here and see what I'm on about. USA , the home of craft beer is very second rate once it arrives here.
This company will never succeed. The idea , at the time, of offering a premium craft beer to be an iconic brand in NZ was a good one. But that boat has long sailied and Moa has missed it.
i hope I haven't been too positive.
Then you'd wonder why the other NZ beer brands are exporting internationally and have been doing so for a few years now, go figure.
NZ is a small market for any product, especially beer, so producers have to look at overseas markets for sales/distribution partners. Moa is just following suit, delayed yes but better late than never.
Maverick
08-06-2018, 02:17 PM
Then you'd wonder why the other NZ beer brands are exporting internationally and have been doing so for a few years now, go figure.
NZ is a small market for any product, especially beer, so producers have to look at overseas markets for sales/distribution partners. Moa is just following suit, delayed yes but better late than never.
I agree NZ is a small market and yes , exporting is normally a good way forward. But that does not change the fact beer doesn't travel well. Ok , some do export their beers but are only fairly benign lagers. There's no fresh full flavour to lose. Moa's "crafty tasty" beers are not those, a completely different offering. Their Belgian beers will travel ok but why would Chinese buy belgian ales from NZ?
Just for the record, my grudge about this company is not because I`ve lost money, I never invested. I dislike this company because it gives the sharemarket a bad name by taking investors money on a one way trip. I know brewing and investing so I`m putting my neck out to warn off those that don`t.
To be positive, this company suits some people.....the directors and anyone who enjoyed the SNAKK ride and want to do that again.
I won't post on MOA again because I don't want to get into in a pointless bun fight with MOA supporters, but the point of these forums is to spread knowledge and ideas amongst the those interested.
huxley
08-06-2018, 03:00 PM
I agree NZ is a small market and yes , exporting is normally a good way forward. But that does not change the fact beer doesn't travel well. Ok , some do export their beers but are only fairly benign lagers. There's no fresh full flavour to lose. Moa's "crafty tasty" beers are not those, a completely different offering. Their Belgian beers will travel ok but why would Chinese buy belgian ales from NZ?
Just for the record, my grudge about this company is not because I`ve lost money, I never invested. I dislike this company because it gives the sharemarket a bad name by taking investors money on a one way trip. I know brewing and investing so I`m putting my neck out to warn off those that don`t.
To be positive, this company suits some people.....the directors and anyone who enjoyed the SNAKK ride and want to do that again.
I won't post on MOA again because I don't want to get into in a pointless bun fight with MOA supporters, but the point of these forums is to spread knowledge and ideas amongst the those interested.
Sounds like any brewery who wants to maintain the integrity of their product needs to ensure they control their route to market. This could be through exporting beer in cans rather than bottles, and of course ensuring your product doesn’t sit on a shelf/wharf/backofatruckmate etc etc for too long..
Down in Wellington, you often get some pretty good international beers served in places like hashigo zake.. so it must be possible to achieve. What do you reckon?
Subway
11-06-2018, 09:40 AM
Sounds like any brewery who wants to maintain the integrity of their product needs to ensure they control their route to market. This could be through exporting beer in cans rather than bottles, and of course ensuring your product doesn’t sit on a shelf/wharf/backofatruckmate etc etc for too long..
Down in Wellington, you often get some pretty good international beers served in places like hashigo zake.. so it must be possible to achieve. What do you reckon?
Beer is a fickle beast, Moa prides itself on bottle conditioned beers, initially with corks, except its first export order was shipped in a unrefrigerated container which sat on the dock in blistering heat and destroyed over half the order.
Shipping in cans is better (light proof, sealed), but with craft beer it doesn't last all that long before the taste degrades, so unless you are shipping in volume, and fast moving you don't want beer sitting on shelves long or exposed to significant temp changes.
The likes of Yestie Boys contract brew with Brew Dog in the UK for the local market to save on shipping and ensuring taste etc.
Coincidentally the IPA - India Pale Ale was steeply hopped to last shipping the beers to india back in the day
Subway
11-06-2018, 09:48 AM
I guess my gripe with these guys isn't just the massive shareholder loss in value since IPO, but the continual capital raising.
If you make good beer, you shouldnt need to be constantly raising capital, this isnt necessarily a capital intensive business, its one of the easiest to enter, look at Tuatara, Panhead, Garage Project etc, all started from nothing, like Moa, but not constantly going cap in hand.
Sideshow Bob
11-06-2018, 10:31 AM
I guess my gripe with these guys isn't just the massive shareholder loss in value since IPO, but the continual capital raising.
If you make good beer, you shouldnt need to be constantly raising capital, this isnt necessarily a capital intensive business, its one of the easiest to enter, look at Tuatara, Panhead, Garage Project etc, all started from nothing, like Moa, but not constantly going cap in hand.
They probably expected to be taken out by one of the big boys by now. Still there mkt cap is $26m which is in the ballpark that was paid for Tuatara. So may need to perform before they garner any interest.
Cap $26m but sales are only just over $10m. Get the feeling that if could increase there sales by 50% they would probably be break even or better.
Subway
11-06-2018, 12:35 PM
They probably expected to be taken out by one of the big boys by now. Still there mkt cap is $26m which is in the ballpark that was paid for Tuatara. So may need to perform before they garner any interest.
Cap $26m but sales are only just over $10m. Get the feeling that if could increase there sales by 50% they would probably be break even or better.
If thats the case then they would have been better off not listing in the first place.
Theres an element of mystery around brewery sales and how much market share they actually have, and how much they end up selling for.
I feel like the big boys don't want a public buy out and all the transparency that entails when they aren't buying something hugely successful. We still don't know exactly how much panhead and tuatara sold for, just rumours
Sideshow Bob
11-06-2018, 01:44 PM
If thats the case then they would have been better off not listing in the first place.
Theres an element of mystery around brewery sales and how much market share they actually have, and how much they end up selling for.
I feel like the big boys don't want a public buy out and all the transparency that entails when they aren't buying something hugely successful. We still don't know exactly how much panhead and tuatara sold for, just rumours
Tuatara and Panhead are knowns......
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12062805
Indeed, easier to take something over private. In Tuatara's case, they said $16.5m for the brand and $12.8m for goodwill - so doesn't leave much for anything else!
Just think Moa's brand is strong enough, or attractive enough for any of the large breweries.
steveb
21-06-2018, 11:34 AM
MOA update - China, New Products, Growth and New Venue
Looks like they are trying to give the SP a bit of a push,before the share purchase plan
kiora
22-08-2018, 07:39 AM
Good marketing plan.I wonder what it tastes like :)
https://www.stuff.co.nz/business/106312523/moa-makes-the-world-first-deer-beer-for-the-chinese-market?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Wednesday+2 2+August+2018
Sideshow Bob
22-08-2018, 08:03 AM
Good marketing plan.I wonder what it tastes like :)
https://www.stuff.co.nz/business/106312523/moa-makes-the-world-first-deer-beer-for-the-chinese-market?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Wednesday+2 2+August+2018
The velvet won't have any effect once you boil the crap out of it.....
Sideshow Bob
20-09-2018, 04:24 PM
I'll just leave this here........ Double click on it to increase size.
(Since discovered an oldie - but a goodie)
9971
percy
20-09-2018, 08:06 PM
I'll just leave this here........ Double click on it to increase size.
(Since discovered an oldie - but a goodie)
9971
Brilliant...………………………..
Peitro
14-11-2018, 09:19 AM
I feel like yesterdays announcement was intended to soften the disappointing results announcement. (will be near nil growth YOY without Parrotdog in the mix)
McGinty
14-11-2018, 10:24 AM
From the announcement:
5. On Premise........"Sells growth of 35%", seems good if your a shareholder.
As mentioned previously I regularly visit Moa (one of the locals to which they refer) and have seen a few changes over the years, most of which are positive.
Over the last month there has been a distinct change though:
First of all head office has changed the management structure for the Jackson's road brewery and Cellar door, which is causing irritation to the already understaffed Cellar door (2 staff to cover all 7 days), and
last week saw another price increase of 25% for a glass of Moa (was $8 now $10 for tourists - 380 ml), locals get a discounted price. The price only increased to $8 in 2016 from the $6 previous.
Now head office may think this is a great idea, but it's a little short sighted. You should be paying less at the cellar door to sample the product, not viaduct prices! Especially as the facilities out at Moa are less than any other drinking establishment in Marlborough. An independently owned food van that's only open a few days a week (and not if it's raining like last Friday), and toilets that can be matched by any local car mechanic workshop.
I find it hard recommend Moa now to any friends or family visiting as there are better options (like the Dobson St beer garden where a 500ml Renaissance still costs $9).
This action makes me speculate that they must be in the final stages of squeezing as much cash flow out of the business to 'pretty up the books' to woo a possible suitor.
Maverick
14-11-2018, 02:33 PM
From the announcement:
I find it hard recommend Moa now to any friends or family visiting as there are better options (like the Dobson St beer garden where a 500ml Renaissance still costs $9).
Got zero good things to say about MOA as an investment. Past Present or future.
But .... the Dobson St beer garden is AWESOME. That place is a must visit when in Blenheim (if you`re a beer guy or a German.) Love that place. Was actually there last Friday on that rainy day you speak of. ... go the pork knuckle.
But .... the Dobson St beer garden is AWESOME. That place is a must visit when in Blenheim (if you`re a beer guy or a German.) Love that place. Was actually there last Friday on that rainy day you speak of. ... go the pork knuckle.
Might have to visit the beer garden when I am in Blenheim next month. Will also make a point of dropping into Moa for you know, the viaduct priced beers without the jaffas around :laugh:
McGinty
14-11-2018, 04:23 PM
Might have to visit the beer garden when I am in Blenheim next month. Will also make a point of dropping into Moa for you know, the viaduct priced beers without the jaffas around :laugh:
Update: Just got back from Moa this afternoon (too nicer day not to take the motorbike out and enjoy a quick beer on the way back). Has a tasty Perris Sky Juice which was just what the doctor ordered :D
Still enjoy drinking Moa (at local prices), but it's a long way off being an investment for me.
winner69
29-11-2018, 07:41 AM
The guy down the road says he makes more money out of his little home brew operation than Moa does
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MOA/327545/291429.pdf
Maverick
29-11-2018, 07:46 AM
Things are improving. Moa lost $112,ooo less this year than last year. Time to set the clock for another capital raising.
McGinty
29-11-2018, 09:16 AM
Things are improving. Moa lost $112,ooo less this year than last year. Time to set the clock for another capital raising.
Agree, they don't have a problem burning cash do they.
Market still seems to value them at $26m for some reason, which I note is same value as PLX (which now makes money and had $6m in the bank last report).
Disc: Not holding either
So spent the weekend in Blenheim and paid a visit to Moa brewery on Saturday. Good to see they were fairly busy with punters, it was a good day for a beer or two. I had already tasted most of their range but enjoyed the tastings regardless, but the Mrs enjoy their apple cider more, so brought home a 6pk. The food truck hit spot too, good guy running it too.
Thanks for pointing me to Dobson St Beer Garden! Great place, ended up having pizza with a tasting board. Will definitely go back there if I am in
Blenheim again.
McGinty
17-12-2018, 10:24 PM
So spent the weekend in Blenheim and paid a visit to Moa brewery on Saturday. Good to see they were fairly busy with punters, it was a good day for a beer or two. I had already tasted most of their range but enjoyed the tastings regardless, but the Mrs enjoy their apple cider more, so brought home a 6pk. The food truck hit spot too, good guy running it too.
Thanks for pointing me to Dobson St Beer Garden! Great place, ended up having pizza with a tasting board. Will definitely go back there if I am in
Blenheim again.
I popped into Moa Saturday as well after a afternoon ride :t_up: (I did Dodson's Wednesday after golf)
Pleased to hear that you enjoyed your visit
This sounds so desperate. discl. Never held MOA
Moa Brewing Company buys Savor Group's Auckland bars and restaurants
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12180962
winner69
21-12-2018, 02:18 PM
Wonder what earnings accretive means when you currently losing money.
winner69
12-01-2019, 07:05 AM
Hope Moa customers know the quickest way to overcome cenosillicaphobia
golden city
12-01-2019, 08:47 AM
The acqusition is more of buying growth to cover up moa failure to be profitable by itself
whatsup
07-03-2019, 08:17 AM
So who is taking up their rights ?
So who is taking up their rights ?
Just read the offer documents, unsure at this stage plus I don't hold enough to buy a huge amount anyway.
petty
13-03-2019, 01:58 PM
I’m in, but my conviction levels aren’t that high
Baaarney
13-03-2019, 09:46 PM
I'm in, but it's pretty small stuff. With the supermarket prescence being very modest I'm interested to see how this goes
winner69
01-04-2019, 04:19 PM
As this seems to be the beer thread below is one cool Letter to the Editor in the DomPost
Sideshow Bob
01-04-2019, 08:40 PM
As this seems to be the beer thread below is one cool Letter to the Editor in the DomPost
Was that in todays paper that self-destructed at midday??
He is right to a degree......but not about the Lion Red!! :scared:
winner69
02-04-2019, 02:20 AM
Was that in todays paper that self-destructed at midday??
He is right to a degree......but not about the Lion Red!! :scared:
No ...the other day ...serious piece
Took up the offer. Savour purchase is settled, as it was always going to be, lets see where this takes Moa.
Leftfield
30-05-2019, 03:02 PM
Result out today (https://www.nzx.com/announcements/335312)....this auditors note caught my attention. GLH.
We draw attention to Note 3(d) in the consolidated financial statements, which indicates the group’s loss for the year of $2,987,000 and negative operating cash outflows of $3,570,000 and the need to comply with financial covenants for continued operations. As stated in Note 3(d), these events or conditions, along with other matters as set forth in Note 3(d), indicate that a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
petty
30-05-2019, 05:54 PM
What’s your opinion left field?
silverblizzard888
30-05-2019, 06:07 PM
Result out today (https://www.nzx.com/announcements/335312)....this auditors note caught my attention. GLH.
We draw attention to Note 3(d) in the consolidated financial statements, which indicates the group’s loss for the year of $2,987,000 and negative operating cash outflows of $3,570,000 and the need to comply with financial covenants for continued operations. As stated in Note 3(d), these events or conditions, along with other matters as set forth in Note 3(d), indicate that a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
It should be no problem since Moa itself is said to be breaking even on the beer business and given the recent acquisition they are now a profitable company going forward.
The note was just flagging that if they continued with the current losses and negative cashflow the business would be endangered, but going to the next financial year this will look like a completely different business in terms of its financials.
Leftfield
30-05-2019, 06:36 PM
What’s your opinion left field?
I appreciate SilverBlizzard's input. He/she may well be right.
10583
This is not a company I would invest in, nor hold, until the SP starts trending up on good news and results. At this stage, Moa is just one company in a very crowded craft beer market and in TA terms is in a downtrend. Frankly I don't see Moa has a valid 'point of difference' that will allow them to outperform the NZX50 Index for some time.
As always DYOR and take responsibility for your own decisions. GLH.
huxley
04-06-2019, 01:53 PM
Anyone taking a look at the Behemoth crowd funding? Revenue for FY19 is 4.2m with 308 EBITA company valuation they’ve set is about 26m
Sideshow Bob
04-06-2019, 02:13 PM
Anyone taking a look at the Behemoth crowd funding? Revenue for FY19 is 4.2m with 308 EBITA company valuation they’ve set is about 26m
At least they are in the black......
stoploss
04-06-2019, 03:50 PM
At least they are in the black......
At least it’s craft beer :)
winner69
04-06-2019, 04:32 PM
At least it’s craft beer :)
So true ........
silverblizzard888
04-06-2019, 04:52 PM
Even though this company is still a beer company, its probably slowly changing to a restaurant company.
For those who remember Trilogy, it started off as a candle business called Ecoya that could only break-even, then it acquired Trilogy skincare, which is where the real margins came in and made it a success.
Same story here. This is a beer business called Moa that at best will break-even, but after the acquisition of Savor where the real margins are, it will be made into a success.
Same person running it, same strategy, you know the rest.
stoploss
04-06-2019, 05:12 PM
Even though this company is still a beer company, its probably slowly changing to a restaurant company.
For those who remember Trilogy, it started off as a candle business called Ecoya that could only break-even, then it acquired Trilogy skincare, which is where the real margins came in and made it a success.
Same story here. This is a beer business called Moa that at best will break-even, but after the acquisition of Savor where the real margins are, it will be made into a success.
Same person running it, same strategy, you know the rest.
Real margins in bars and restaurants .... get me a Tui, plenty go under each year , very competitive industry .
silverblizzard888
04-06-2019, 07:03 PM
Real margins in bars and restaurants .... get me a Tui, plenty go under each year , very competitive industry .
Its not that bars and restaurants don't have good margins, its usually inefficient management that put those margins under pressure or really bad food and service. Why else would so many people be scrambling to open a bar or restaurant if there were none? Restaurant Brands would be gone by now and Mc..something will not exist, little lone sub.... nothing.
The factors that make a profitable restaurant is being able to manage cost, while providing good food and good service. Theres a lot of money to be made if you can get the crowd in. The ones usually going under are the ones that think they can cook so they open a restaurant to realise the majority of the work involved is managing and admin and they don't handle it well. The other bunch that don't do well is the ones with money and a idealistic dream that running a restaurant is romantic and that they live to serve beautiful food at a not so beautiful price because all they can do is hire people to do all the work. That is why there is a high failure rate because everyone gets in thinking its easy, then reality hits and they either discover they don't have the management skills or the ability to make good food.
Now I'm not going to say Savor is going to be successful since I haven't been to their restaurants, but from what they have done I'd say its not an easy feat to open so many restaurants and bars, so they definitely have the management skills, having good management skills usually ensures service and cost are kept under control. They also have to be able to serve good food and good drinks in this case. The drinks are a given since its tap and bottled drinks, so the last is the food, which I imagine is good if they have managed to build a company with $25 million in revenue. They are on a constant expanding phase too, so theres a fair bit of growth happening, though won't scale that well after a while, but certainly could build out a 2-3x business from their current valuation in the next few years if things go well.
Nice Option
10-09-2019, 03:25 PM
Can anyone explain why MOA would pay $3.5mio for an Italian Restaurant with around $800k for EBIT?? seems over the top
petty
10-09-2019, 03:54 PM
I’d Dave to have a look at npat to be sure but 5x multiple probably not bad given they need this sort of a business to drive beers sales, plus with america’s Cup coming up might have required a slight premium. Not a Hundy though.
silverblizzard888
10-09-2019, 07:19 PM
Can anyone explain why MOA would pay $3.5mio for an Italian Restaurant with around $800k for EBIT?? seems over the top
I may have missed it but the disclosure doesn't say anything about the EBIT, would you be able to state your source?
Its not that bars and restaurants don't have good margins, its usually inefficient management that put those margins under pressure or really bad food and service. Why else would so many people be scrambling to open a bar or restaurant if there were none? Restaurant Brands would be gone by now and Mc..something will not exist, little lone sub.... nothing.
The factors that make a profitable restaurant is being able to manage cost, while providing good food and good service. Theres a lot of money to be made if you can get the crowd in. The ones usually going under are the ones that think they can cook so they open a restaurant to realise the majority of the work involved is managing and admin and they don't handle it well. The other bunch that don't do well is the ones with money and a idealistic dream that running a restaurant is romantic and that they live to serve beautiful food at a not so beautiful price because all they can do is hire people to do all the work. That is why there is a high failure rate because everyone gets in thinking its easy, then reality hits and they either discover they don't have the management skills or the ability to make good food.
Now I'm not going to say Savor is going to be successful since I haven't been to their restaurants, but from what they have done I'd say its not an easy feat to open so many restaurants and bars, so they definitely have the management skills, having good management skills usually ensures service and cost are kept under control. They also have to be able to serve good food and good drinks in this case. The drinks are a given since its tap and bottled drinks, so the last is the food, which I imagine is good if they have managed to build a company with $25 million in revenue. They are on a constant expanding phase too, so theres a fair bit of growth happening, though won't scale that well after a while, but certainly could build out a 2-3x business from their current valuation in the next few years if things go well.
As someone who once owned a restaurant. It's simple. Many people are scrambling to open restaurants because they think it is easy. Myself included. Restaurants work only if you can upscale. The margins are slim so you have to try to increase revenue at all costs either by offering added value items (set menus, cocktails etc) or acquisition. It's a masochist's game going into this business. I worked myself to death for not much yet I still think fondly back to all the memories I made.
Joshuatree
17-10-2019, 03:26 PM
Even though this company is still a beer company, its probably slowly changing to a restaurant company.
For those who remember Trilogy, it started off as a candle business called Ecoya that could only break-even, then it acquired Trilogy skincare, which is where the real margins came in and made it a success.
Same story here. This is a beer business called Moa that at best will break-even, but after the acquisition of Savor where the real margins are, it will be made into a success.
Same person running it, same strategy, you know the rest.
I don't know if ive ever looked at this thread before. A friend who used to post on S/T brought my attention to MOA. And having listened to their thoughts and done some research, ive bought some. Thanks to your posts too silver blizzard, you articulate accurately and clearly and make a lot of sense.This trend/morphing of MOA has a very good chance of being successful and with projected rev of $40 mill plus and ebitda of $3.6 mill and a price around 32c looks great value indeed if they meet that guidance. Check the location of the bars etc fantastic.
ASM 2019 NZX Presentation Slides (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MOA/341514/308341.pdf)
Joshuatree
25-10-2019, 03:36 PM
MOA Vogels Mixed Grain toasted Ale
https://youtu.be/d5YXLSg9Mds (https://youtu.be/d5YXLSg9Mds)
fungus pudding
25-10-2019, 03:51 PM
MOA Vogels Mixed Grain toasted Ale
https://youtu.be/d5YXLSg9Mds (https://youtu.be/d5YXLSg9Mds)
If that's any indication of the product, it'll soon be extinct.
Joshuatree
25-10-2019, 03:58 PM
Could mix a good brew out of you too Fungus;)
Cadalac123
19-12-2019, 06:43 PM
I really like the way this company is implementing this turnaround strategy. It seems the premium portion of MOA was doing well as a standalone, and now with Savor there is a hospitality portfolio under MOA.
My reasoning for thinking MOA will do extremely well in 2019 are three-fold. Firstly, its at all-time bottom. No i'm not one to play as an advocate for trading a shareprice rather than a business, but that introduces a notable margin of safety. Secondly, the hospitality portfolio adopted is quite the artifical monopoly, with the restaurants all being in a extremely popular summer time destination (and one extremely favourable for America's cup). Lastly, the recent report was excellent.
I feel like I'm alone in this sentiment as no one else has really committed to this company.
Joshuatree
19-12-2019, 11:11 PM
Read back a couple of threads , you're not alone.
janner
20-12-2019, 12:05 AM
Moa is a dog. Always has been.. ' IF ' it ever comes up on your radar..
Take note of the name of the one that does it.
Joshuatree
20-12-2019, 08:13 AM
Yes grasshopper it WAS ;)
Cadalac123
20-12-2019, 10:04 AM
Haha, I can see your perspective, given the long-winding decline of this stock over the past 5 years. But it seems like it isn't the same company anymore.
Or do you think it's still a dog stock based on the current climate/way things are progressing with the company?
Haha, I can see your perspective, given the long-winding decline of this stock over the past 5 years. But it seems like it isn't the same company anymore.
Or do you think it's still a dog stock based on the current climate/way things are progressing with the company?
Picked up moderate parcel this week, let's see how the summer trading delvers for them.
Cadalac123
09-01-2020, 10:18 AM
You and me both.
Just a matter of the balance sheet improving from an income perspective. Let's hope hospitality margins with savor group are favourable and not been falling..
You and me both.
Just a matter of the balance sheet improving from an income perspective. Let's hope hospitality margins with savor group are favourable and not been falling..
With current virus scenario limiting people's ability to travel long haul, it might be good for Moa as people chose to drink and dine locally. One way to keep yourself happy and content.
Cadalac123
10-02-2020, 01:34 PM
The fact that the new MOA is dependent on local sales and not overseas is extremely attractive , also being situated in primarily the viaduct area with high margin restaurants - creates a artificial moat unless another viaduct is made
The fact that the new MOA is dependent on local sales and not overseas is extremely attractive , also being situated in primarily the viaduct area with high margin restaurants - creates a artificial moat unless another viaduct is made
True that, wonder when are they likely to provide a summer trading update...
dubya
03-03-2020, 02:18 PM
True that, wonder when are they likely to provide a summer trading update
...
https://www.nzx.com/announcements/349349
Going in the right direction........ I hope??!!
https://www.nzx.com/announcements/349349
Going in the right direction........ I hope??!!
Yes, looks like a pretty solid update.
Cadalac123
03-03-2020, 03:32 PM
Pretty happy with that even though the market doesn’t seem to care.
Savor group bringing the company into profitability BUT still have organic growth in underlying MOA group with the loss reducing this year .
Overall being positive.
Balance
07-04-2020, 09:54 AM
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MOA/351396/320488.pdf
Placement and rights issue - keeping the wolf from the door.
1:5? Does that mean if I have 20,000 I can buy another 100,000 at $0.14?
Balance
07-04-2020, 10:17 AM
1:5? Does that mean if I have 20,000 I can buy another 100,000 at $0.14?
4,000 - so front up with $640
Entrep
07-04-2020, 10:18 AM
You get 1 for 5 held
4,000 - so front up with $640
Thanks, thought I needed 14k there for a sec :scared:
steveb
07-04-2020, 10:45 AM
remember you don't have to take up all your rights.I see they don't give any dates,so you will have to wait for the offer docs next week,also probably wise not to jump in straightaway just in case the lockdown has to be extended etc,
Baaarney
08-04-2020, 08:37 AM
and todays notices to the NZX reveal Colin Neal of Big Chill Distribution as the new cornerstone investor.
Big Chill Distribution is a freight company that specialises in express delivery of chilled and frozen product through out New Zealand.
Sideshow Bob
08-04-2020, 12:21 PM
and todays notices to the NZX reveal Colin Neal of Big Chill Distribution as the new cornerstone investor.
Big Chill Distribution is a freight company that specialises in express delivery of chilled and frozen product through out New Zealand.
And just sold to Freightways for cash & shares.....https://www.nzx.com/announcements/351077 (https://www.nzx.com/announcements/351077)
Got at leave a one hundy & seventeen in cash + thirty in shares, so enough for a few beers.
percy
08-04-2020, 01:33 PM
He also brought 19.81% of MGL Mercer Group Ltd.as per MGL's announcement 5th March.
Cadalac123
08-04-2020, 01:50 PM
the nbr article before his name was revealed was a little deceiving ..
huxley
20-04-2020, 10:28 AM
Geoff attempting to remain positive in today announcement! Personally wouldn't invest in anything he's involved with, never a good outcome for retail shareholders. Even with 42 Below, IPO investors only achieved about 30% return, which is a completely unacceptable return given the risks.
7 April 2020:
1 for 5 Rights Issue:
https://www.nzx.com/announcements/351396
" 1 for 5 rights issue to raise up to approximately $3m."
Today's Announcement:
https://www.nzx.com/announcements/351887
"RIGHTS ISSUE
Moa intends to launch a 1 for 3 rights issue on 22 April to raise up to $5.2 million of new equity. Up to $3m of the raise will be settled in net cash, and $2.2m of equity will be raised to settle the scrip component of the additional consideration owed to the Savor Group vendors."
A bit of a Change there & CFO Going as well..
Cadalac123
20-04-2020, 05:04 PM
7 April 2020:
1 for 5 Rights Issue:
https://www.nzx.com/announcements/351396
" 1 for 5 rights issue to raise up to approximately $3m."
Today's Announcement:
https://www.nzx.com/announcements/351887
"RIGHTS ISSUE
Moa intends to launch a 1 for 3 rights issue on 22 April to raise up to $5.2 million of new equity. Up to $3m of the raise will be settled in net cash, and $2.2m of equity will be raised to settle the scrip component of the additional consideration owed to the Savor Group vendors."
A bit of a Change there & CFO Going as well..
This was possibly the worst thing that could have happened pre-turnaround for these guys haha
This was possibly the worst thing that could have happened pre-turnaround for these guys haha
The interesting part coming out of some of these Cap Raises is that it beings to the fore
many of the Companies who don't have their Houses in Order & their Ducks lined up neatly
in a Row very well - for the Short to Medium term continuity ..
Sideshow Bob
26-04-2020, 08:12 PM
If you are a Moa fan, you can also get your beer cheap, as well as your shares.....
https://www.containerdoor.com/nz/product_listings/moa-dry-hopped-pilsner-x-24-1
https://www.containerdoor.com/nz/product_listings/moa-station-ipa-x-24-1
Actually I think a 6 pack of cans in the Supie is about $15 bucks....so not that bargain.
huxley
27-04-2020, 09:11 AM
If you are a Moa fan, you can also get your beer cheap, as well as your shares.....
https://www.containerdoor.com/nz/product_listings/moa-dry-hopped-pilsner-x-24-1
https://www.containerdoor.com/nz/product_listings/moa-station-ipa-x-24-1
Actually I think a 6 pack of cans in the Supie is about $15 bucks....so not that bargain.
Well that's a lot cheaper than the Moa website. They will sell you a 24 pack of 330ml cans for the low low price of $76.50! :eek2: ($58 for the beers, plus $18.50 flat rate for delivery).
This at a time when other breweries are offering incentives to buy direct from their websites.
huxley
27-04-2020, 09:19 AM
If you are thirsty, may I suggest this offering from Urbanaut. $6,900 for 2,400 cans. Bargain.
https://www.urbanautbeer.com/collections/lockdown-specials/products/kingsland-pilsner-pallet-lockdown-special
Sideshow Bob
27-04-2020, 11:09 AM
If you are thirsty, may I suggest this offering from Urbanaut. $6,900 for 2,400 cans. Bargain.
https://www.urbanautbeer.com/collections/lockdown-specials/products/kingsland-pilsner-pallet-lockdown-special
If you are drinking that much, you might as well drink Ranfurly or Rheineck - you aren't exactly savouring it.....
Sideshow Bob
12-05-2020, 07:50 AM
Rights issue over subscribed. Wanted $5.2m, got $5.8m and accepted the over-subscribed.
https://www.nzx.com/announcements/352955
Rights issue over subscribed. Wanted $5.2m, got $5.8m and accepted the over-subscribed.
https://www.nzx.com/announcements/352955
Yeah, I asked for few more than my entitlement and I got them, just trying to do DCA...
Sideshow Bob
28-06-2020, 08:01 PM
https://www.nzx.com/announcements/355327
Turnover more but lose more.
Herald article says auditor raised doubts on going concern, which lead to the capital raise
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12343445
MarineSalvage
29-06-2020, 06:43 AM
An unscientific check of my local bottle shops show Moa facings in the fridge a lot less than they were - just so many options now and always another brewer happy to discount to get the space.
Moa really were impacted a few years back when they lost the coveted Koru Club fridges
kiora
14-09-2020, 12:53 PM
What an unlikely investor.
H & S must seem to see some upside here
https://stocknessmonster.com/announcements/moa.nzx-359663/
kiora
14-09-2020, 12:54 PM
What an unlikely investor.
H & G must seem to see some upside here
https://stocknessmonster.com/announcements/moa.nzx-359663/
MarineSalvage
14-09-2020, 06:25 PM
Hmm good for them, I wouldn’t be touching them
Cushing family now hold just above 10%...
glennj
09-11-2020, 09:31 AM
Hmm good for them, I wouldn’t be touching them
Likewise! Do respect Cushing seniors track record though!
HCR20
09-11-2020, 11:19 AM
Likewise! Do respect Cushing seniors track record though!
I bought in around 1 month ago. Small downside risk (sell out at 10 or 11c is worst case scenario) with potential for serious upside over the next 6 to 12 months. Small proportion of my funds and I acknowledge that this is a speculative play.
Interesting to note, Colin offloading some of his holdings to Cushing family. Between both of them they own about 27% of the company.
Interesting to note, Colin offloading some of his holdings to Cushing family. Between both of them they own about 27% of the company.
Indeed .. & SP further advancing to close @ 19.8c
Indeed .. & SP further advancing to close @ 19.8c
Make that 22.5c for the day and with that I'm almost back in black, made my day.
Make that 22.5c for the day and with that I'm almost back in black, made my day.
out now here & banked the surplus -- off to play elsewhere
out now here & banked the surplus -- off to play elsewhere
Will ride this out for a while, seeing that Cushing and Colin are key holders now after Geoff. Especially with summer trading and America's Cup round the corner.
Tide seem to be turning for this one from their commentary today, obviously lot will depend on summer/holiday trading ahead and key event like America's Cup.
mitchilin
29-01-2021, 08:52 AM
a drop with decent volume - any news?
a drop with decent volume - any news?
Have Cushing & Cushing found something better, after patiently waiting while things jogged about on
roughly the same spot ? ;)
flyinglizard
29-01-2021, 01:22 PM
Have Cushing & Cushing found something better, after patiently waiting while things jogged about on
roughly the same spot ? ;)
en.....another GME?
HCR20
01-02-2021, 04:47 PM
Spectre of COVID?
Getty
19-02-2021, 09:19 AM
So after all the spiel on the value of the brand, and the wealth destruction that came with it, in a cum covid environment, they sell the part of the business that can sell online, and go fully into hospitality venues that can be shut down.
Doh.
No wonder the Moa went extinct.
Do they want to give Nosh, or whatever the Mad Butcher is now a run for their money?
Not much to Savour here...
Maybe they need a saviour.
trader_jackson
19-02-2021, 09:30 AM
Moa listed at $38m just over 8 years ago and now being sold off for less than $2m... wealth destruction at its finest indeed.
So after all the spiel on the value of the brand, and the wealth destruction that came with it, in a cum covid environment, they sell the part of the business that can sell online, and go fully into hospitality venues that can be shut down.
Doh.
No wonder the Moa went extinct.
Do they want to give Nosh, or whatever the Mad Butcher is now a run for their money?
Not much to Savour here...
Maybe they need a saviour.
Probably not bad move, the beer side of things must be bleeding quite a bit on cash flows with more expenses and less profitability. I'm sure new cornerstone investors like Colin Neal and Cushing family would've some influence on this new direction that they want the company to take, time will tell.
HCR20
19-02-2021, 11:07 AM
Probably not bad move, the beer side of things must be bleeding quite a bit on cash flows with more expenses and less profitability. I'm sure new cornerstone investors like Colin Neal and Cushing family would've some influence on this new direction that they want the company to take, time will tell.
Plus the beer sucks.
Sideshow Bob
19-02-2021, 11:11 AM
Always interesting when they sell to an insider......must see potential where the board doesn't??
Always interesting when they sell to an insider......must see potential where the board doesn't??
Probably didn't find anyone else keen to take on board, sp support today suggests that its surely wise move to dump the beer outfit...
Getty
19-02-2021, 11:17 AM
Yes, and how transparent was the sales process, independent valuation, put on open market, etc.?
Let the shareholders suffer all the devaluation, then pass it over on a related party transaction at a price that it cant fail to make a profit going forward?
Getty
19-02-2021, 11:37 AM
Oh, and while their at it, change the auditor, and change the name, so the old graph and sad announcements will disappear from many sources.
Talk about cleaning out the beer lines...
HCR20
19-02-2021, 11:48 AM
Oh, and while their at it, change the auditor, and change the name, so the old graph and sad announcements will disappear from many sources.
Talk about cleaning out the beer lines...
I see it as a good move. Their beer was crap and targeting a market that doesn't exist. The only upside I saw is that brewing their own beer would mean that their resturant tap pour profits would be really good. I don't know if I want to be a shareholder of a chain of resturants but let's see how the announcement goes.
huxley
19-02-2021, 11:55 AM
That’s a pretty generous assessment! Given how terribly they’ve managed the brewery business, what confidence should shareholders place in their ability to run a restaurant/hospitality business? At least there will be an end to Geoff Ross calling the punters “Moa Hunters” each year he signed the annual report (and took his fee). They could have just taken the IPO proceeds and purchase 20 houses in Auckland, would have destroyed less value :)
Getty
19-02-2021, 12:18 PM
I never drunk the beer, but if it was bad, and sales reflected that, if Ross & co are as switched on as they like to be thought of, they would have recognised that, and changed the brew, long ago.
A brewery can produce any ale.
I would say their dream was to be bought out like their original vodka business, didnt happen, so drag the shareholders down instead.
huxley
19-02-2021, 12:58 PM
Geoff Ross, Chairman, said: “The commitment of our shareholders to Moa Brewing since listing in 2012 has been unwavering. We were able to be a true disrupter in the market, and the Board continue to be proud of the position that Moa holds in the craft beer sector.”
Translation: “Thanks for all your support and money, I’ve used it to finance a pretty excellent lifestyle these past eight years. The board and I look forward to the next capital raise and hope you participate fully. Bye for now.”
Getty
19-02-2021, 01:05 PM
I nominate him as a new director for NTL.
He will fit in well over there, may even win a gold medal for his ale/ling.
I nominate him as a new director for NTL.
He will fit in well over there, may even win a gold medal for his ale/ling.
Seconded my friend -- digging deep holes; a tad of exploration without the light on,
seeing what fools are lurking & a bit of shafting might be the bees knees .. all well
remunerated off course ..;)
Not to mention helping to blow large fluffy bubbles on the next world beating already
dug & discovered deep hole, rumoured at drop of a hat to hold untold riches laying within
that every other earlier poor unfortunate digger just happened to mysteriously miss finding .. ;)
If it went to plan then everyone on these forums may be able to each buy their very own
brewery, still have a large amount of change left over and be able to retire overnight .. ;)
but who knows .. what are the chances of all that in the land of extinct birds, a brewery
and deep hole or two underground, where many might wonder if 'some losing their
way' might be more the reality that all three may or may not have in common .. ;)
glennj
20-02-2021, 10:14 AM
I never drunk the beer, but if it was bad, and sales reflected that, if Ross & co are as switched on as they like to be thought of, they would have recognised that, and changed the brew, long ago.
A brewery can produce any ale.
I would say their dream was to be bought out like their original vodka business, didnt happen, so drag the shareholders down instead.
Largely agree with you Getty! They did start producing some more drinkable beer and selling it a better price point for patrons to boost sales volumes but a lot of their craft offering was poorish quality and too expensive all the way though or more saleable but very low/nil margin. I dodged a bullet with MOA as I was going to invest a moderate amount early in the piece. I went to Marlborough to talk with the producers and try a fair range of the product and brought a lot more home to taste later and get further opinions on. Result was I changed my mind about investing - the product just wasn't up to the standard of many competitors. The slick and expensive marketing and getting bought out plan didn't work like it did with 42 Below.
Balance
20-02-2021, 11:04 AM
Largely agree with you Getty! They did start producing some more drinkable beer and selling it a better price point for patrons to boost sales volumes but a lot of their craft offering was poorish quality and too expensive all the way though or more saleable but very low/nil margin. I dodged a bullet with MOA as I was going to invest a moderate amount early in the piece. I went to Marlborough to talk with the producers and try a fair range of the product and brought a lot more home to taste later and get further opinions on. Result was I changed my mind about investing - the product just wasn't up to the standard of many competitors. The slick and expensive marketing and getting bought out plan didn't work like it did with 42 Below.
Firstly, let's say good on Ross & Baker for trying - NZ need people like them.
I suspect that many who are in Moa are investors who have made money from 42 Below and Trilogy - so case of giving back some of the past gains.
Now, it's a case of looking at what is Savor and figuring out whether it is a business and company worth investing in.
Restaurants & bars?
What is Savor real strategic advantage of being in this sector? Hard to think of any myself.
Hard to get excited about when one considers how Wilson Neill & Good Spirits Hospitality have burnt shareholders' wealth over the years.
HCR20
20-02-2021, 11:35 AM
Geoff Ross, Chairman, said: “The commitment of our shareholders to Moa Brewing since listing in 2012 has been unwavering. We were able to be a true disrupter in the market, and the Board continue to be proud of the position that Moa holds in the craft beer sector.”
Translation: “Thanks for all your support and money, I’ve used it to finance a pretty excellent lifestyle these past eight years. The board and I look forward to the next capital raise and hope you participate fully. Bye for now.”
His statement is pretty grandiose. I don't know if brewing **** beer and failing to turn a profit in that can be described as disruptive. I also note that their marketing was very tasteless and sexist..at least in the early days. Big concern for me if this guy is still at the helm of this...
Getty
23-02-2021, 12:31 PM
If the market were not very impressed with Mr Ross's brewing skills, they are even less impressed with his bar management skills.
17.5c, and dropping quicker than the head on a flat ale.
If the market were not very impressed with Mr Ross's brewing skills, they are even less impressed with his bar management skills.
17.5c, and dropping quicker than the head on a flat ale.
Do you blame them ? .. What's a MOA with no MOA ? ;-)
Possibly may be akin to selling the Crystal Jewells in eyes of many .. ;)
huxley
26-02-2021, 09:16 PM
This seems like a suitable coda :)
https://thebottleneck.net/2021/02/26/what-the-hell-happened-with-moa/
Sir Ten
01-03-2021, 08:16 AM
This seems like a suitable coda :)
https://thebottleneck.net/2021/02/26/what-the-hell-happened-with-moa/
Article came across a little woke... pretty easy to cast aspersions on the company's historical marketing campaigns when benchmarking it against today's higher social-justice standards.
Aside from that, I thought it completely missed the real cause of the decline, being, the beer was crap and Geoff Ross was the wrong guy to lead a craft beer business. The more stubborn he was, the more money he spent and the less people bought.
Getty
01-03-2021, 09:29 AM
16.2c
Yet another Name change coming up.
Mower.
They have given so many shareholders a haircut, to keep Ross & Smith in the lifestyle to which they have become accustomed.
Next name change after that?
SICKLE !!
whatsup
01-03-2021, 10:31 AM
16.2c
Yet another Name change coming up.
Mower.
They have given so many shareholders a haircut, to keep Ross & Smith in the lifestyle to which they have become accustomed.
Next name change after that?
SICKLE !!
Mota Moa !
huxley
01-03-2021, 12:13 PM
Article came across a little woke... pretty easy to cast aspersions on the company's historical marketing campaigns when benchmarking it against today's higher social-justice standards.
Aside from that, I thought it completely missed the real cause of the decline, being, the beer was crap and Geoff Ross was the wrong guy to lead a craft beer business. The more stubborn he was, the more money he spent and the less people bought.
Really? I thought it articulated the flawed business model quite accurately. End of the day, MOA was on a mission to sell itself to DB or Lion. They focused on the high volume, low margin six pack range which is dominated by DB, Lion & boundary road. They weren’t able to build out their brewery so we’re forced to rely on contract brewing most of their product, which further put themselves in a disadvantage to their competitors in that price bracket. They then spent a large amount each year on marketing, where as most craft breweries use cheaper grass roots/social media type advertising. I dunno if the term ‘woke’ makes a lot of sense in this context, but that said Geoff took on the Moa brand in 2011. Their branding efforts were ridiculed then and undoubtedly contributed to alienating a lot of possible customers from 2011 onwards. To be fair though, Moa was never a craft beer brand from 2011 onwards and the author is writing from a craft beer industry perspective. Just saying the beer is crap and that’s why they failed fundamentally missed the point. After all plenty of mass produced beer is successfully marketed and sold profitably in NZ every year.
whatsup
01-03-2021, 12:54 PM
Really? I thought it articulated the flawed business model quite accurately. End of the day, MOA was on a mission to sell itself to DB or Lion. They focused on the high volume, low margin six pack range which is dominated by DB, Lion & boundary road. They weren’t able to build out their brewery so we’re forced to rely on contract brewing most of their product, which further put themselves in a disadvantage to their competitors in that price bracket. They then spent a large amount each year on marketing, where as most craft breweries use cheaper grass roots/social media type advertising. I dunno if the term ‘woke’ makes a lot of sense in this context, but that said Geoff took on the Moa brand in 2011. Their branding efforts were ridiculed then and undoubtedly contributed to alienating a lot of possible customers from 2011 onwards. To be fair though, Moa was never a craft beer brand from 2011 onwards and the author is writing from a craft beer industry perspective. Just saying the beer is crap and that’s why they failed fundamentally missed the point. After all plenty of mass produced beer is successfully marketed and sold profitably in NZ every year.
IMO this company is another example of following the success gods et al Mr Handley re Snakk, both in my view were disasters, be aware be very aware !
Getty
01-03-2021, 01:06 PM
I'm with you Huxley, well said.
I was never a shareholder in this co, but still feel outrage at the contempt that many directors treat their investors.
In my professional capacity I rubbed shoulders with many such types, and know how they think.
It amazes me how many people are prepared to forgive & forget, or even become apologists for such types.
Time they a'woke'.
Getty
01-03-2021, 01:30 PM
To put another perspective on this, if a criminal shoplifts a few dozen Moa from the bottle store, and are processed by the law, they will get a fine, or PD.
If they break into the premises after hours, and steal a pallet of Moa, they will get jail.
If Mssrs Ross, Smith & Co effectively rob the shareholders of many millions, they seem to get "oh well, hard luck, try harder next time boys" from some quarters.
Getty
01-03-2021, 01:30 PM
To put another perspective on this, if a criminal shoplifts a few dozen Moa from the bottle store, and are processed by the law, they will get a fine, or PD.
If they break into the premises after hours, and steal a pallet of Moa, they will get jail.
If Mssrs Ross, Smith & Co effectively rob the shareholders of many millions, they seem to get "oh well, hard luck, try harder next time boys" from some quarters.
ralph
10-03-2021, 05:36 PM
Do any of you peoples know what happened to the shareholders and any recompense , now this Moa has been sold on or out .
Balance
10-03-2021, 05:58 PM
Do any of you peoples know what happened to the shareholders and any recompense , now this Moa has been sold on or out .
Shareholders continue to hold shares in the remaining profitable and growing business - Savor Group Ltd.
Interesting times ahead imo.
huxley
10-03-2021, 07:04 PM
Shareholders continue to hold shares in the remaining profitable and growing business - Savor Group Ltd.
Interesting times ahead imo.
They purchased some pretty decent restaurants today, I've visited at least one of them most of the times I've been in Auckland recently. Really hope they don't blow it this time, and pleased to see Mr. 42Below taking a back seat on the next roll of the dice :)
ralph
10-03-2021, 07:41 PM
Shareholders continue to hold shares in the remaining profitable and growing business - Savor Group Ltd.
Interesting times ahead imo.
Happy days for shareholder's then ,may work out better .
Thanks for the update
Balance
10-03-2021, 08:12 PM
Happy days for shareholder's then ,may work out better .
Thanks for the update
Not sure about happy days for shareholders at this stage but certainly has people like me interested for the first time to take a closer look.
Balance
11-03-2021, 08:08 AM
Not sure about happy days for shareholders at this stage but certainly has people like me interested for the first time to take a closer look.
Sobering reading :
After raising and spending close to $30m over 9 long years on Moa craft beer, the business got sold for $1.9m.
The boys could not repeat the successes of 42 Below, Trilogy or to a certain extent Turners.
Still, can't fault them for trying and shareholders should be pleased they manage to salvage something out of the failure of Moa.
Getty
11-03-2021, 09:54 AM
I know which side of the $7.15M transaction I would be on,
Now, where's a bank I can laugh all the way to?
Earnings accretive, does not mean profit accretive.
Now, did I read this crowd want to cap rise $6M.
Really?, with their proven track record of flushing money down the toilet.
Suddenly, MFB looks bluechip, compared to this mob.
Balance
11-03-2021, 10:06 AM
I know which side of the $7.15M transaction I would be on,
Now, where's a bank I can laugh all the way to?
Earnings accretive, does not mean profit accretive.
Now, did I read this crowd want to cap rise $6M.
Really?, with their proven track record of flushing money down the toilet.
Suddenly, MFB looks bluechip, compared to this mob.
What is lost is gone. What it is now is what matters, especially with new management now in charge.
I have learnt to never get emotional when looking at stocks.
Their capital raising is underwritten so it’s a done deal.
Getty
11-03-2021, 10:11 AM
Looking at the 5 yr graph, 85c to sub 17c, they realised they were in the wrong business.
Not brewing & hospitality, but Demolition.
Getty
11-03-2021, 10:23 AM
Would you like some splinters & brick dust in your coffee Sir?
Getty
11-03-2021, 10:40 AM
No doubt everyone saw the TV reports last night, showing all the cafe & bar owners lamenting the loss of custom, during Americas Cup, and nationwide generally due to no tourists.
Ah, but SVR are DIFFERENT!
Yeah right!!!
The time to count the money, is when its in the till, not before...
Should probably change name of the thread to SVR-Savor Ltd (previously Moa), not sure who can do it, I tried but couldn't.
Leftfield
11-03-2021, 04:02 PM
Should probably change name of the thread to SVR-Savor Ltd (previously Moa), not sure who can do it, I tried but couldn't.
In a rare interruption to my Holiday I’ve managed to change the thread title for you all. GLH.
In a rare interruption to my Holiday I’ve managed to change the thread title for you all. GLH.
Thanks lf, after holding for nearly a year, finally back in black.
Think new cornerstone investors like Colin Neal and Cushings surely have better skills than that what Geoff displayed here. Hope they can reward long suffering holders with better returns.
Balance
11-03-2021, 07:28 PM
Thanks lf, after holding for nearly a year, finally back in black.
Think new cornerstone investors like Colin Neal and Cushings surely have better skills than that what Geoff displayed here. Hope they can reward long suffering holders with better returns.
You certainly have a better chance with Savor than the bottomless Moa pit!
https://www.nzherald.co.nz/business/savor-group-acquisition-lucien-law-on-hospitality-groups-growth-plans/EZ57UI7GBX73APVUSJDVPWJSGY/
Paywalled
You certainly have a better chance with Savor than the bottomless Moa pit!
https://www.nzherald.co.nz/business/savor-group-acquisition-lucien-law-on-hospitality-groups-growth-plans/EZ57UI7GBX73APVUSJDVPWJSGY/
Paywalled
Speaking of which - are the boys & girls feeling happier about exploring out .. ? ;)
or still on the future 'to do' list ?
like the long hit-list of potential 'to do' jab-ee's up to the ceiling in the good Head Doctor
& M-of H Chief Spin artist's office .. ;)
Getty
11-03-2021, 09:20 PM
Speaking of Jab-ees, I see the South Auckland over 65's are the next demographic lined up for a needle up where the sun doesn't shine.
No doubt they will then race into downtown & the viaduct, to be the Saviours of SVR bars & restaurants.
Getty
11-03-2021, 09:29 PM
JAFFA
Just another fa'afafine from Auckland.
You certainly have a better chance with Savor than the bottomless Moa pit!
https://www.nzherald.co.nz/business/savor-group-acquisition-lucien-law-on-hospitality-groups-growth-plans/EZ57UI7GBX73APVUSJDVPWJSGY/
Paywalled
Sure, Lucien does have some big plans for this group and sounds more promising than Geoff.
Balance
12-03-2021, 01:49 PM
Sure, Lucien does have some big plans for this group and sounds more promising than Geoff.
Certainly comes across as knowing the restaurant business very well and the restaurants, despite Covid & the lockdowns, are operating well.
Post Covid, could be one of the excellent recovery stocks.
Getty
18-03-2021, 08:51 AM
Sobering article in Herald, re closure of O'Connell Street Bistro.
In particular the lease detail caught my eye, as I suspect this is what SVR have inherited with their recent $7.15M spend up.
And of course some corked wine and Moa beer in Stock at valuation?
Can they pull a rabbit pappadelle out of the hat?
Getty
01-04-2021, 01:28 PM
Good old Geoff Ross.
Ever the optimist, on OTHER peoples money, says he was pleased with the SUPPORT from shareholders . taking up $3.6M of $6M shares on offer.
The underwriter stumps up the rest.
Getty
01-04-2021, 02:02 PM
I see our Geoff has changed banks too.
In what must be a first for a publicly listed co, from the BNZ to Kiwibank.
Did the BNZ say they didnt want his mouldy old dough?
Changing names, auditors, banks, business plans, he knows how to keep things fresh, does our Geoff.
Or is he just covering his tracks?
I see our Geoff has changed banks too.
In what must be a first for a publicly listed co, from the BNZ to Kiwibank.
Did the BNZ say they didnt want his mouldy old dough?
Changing names, auditors, banks, business plans, he knows how to keep things fresh, does our Geoff.
Or is he just covering his tracks?
Hope they realise that KB probably like to see things in Credit rather than the other side of the coin .. ;)
Have the other cornerstones changed to KB as well ?
Lets see if Mr X Big Chill & the Cushing's follow suit throwing their coin at KB instead .. ;)
Getty
02-04-2021, 10:30 AM
Our Geoff dismisses overdraft, as something to do with the air conditioning.
Well their Ale by the name of the Extinct Bird certainly took a while to get drafted out ..
not without a large pile of red ink .. ;)
Where's the real money made ? .. making it or selling or retailing it ? ;)
See ya later Geoff and market loves it...
Good to see the Board (incl Geoff), Management and corner stakeholders Cushing and Neal all take part in the recent Rights issues.
Good to see the Board (incl Geoff), Management and corner stakeholders Cushing and Neal all take part in the recent Rights issues.
Yes good to see and the bump in share price yesterday with the completion of acquisition looking like a great recovery stock for the future.
Balance
09-04-2021, 08:20 AM
Good to see the Board (incl Geoff), Management and corner stakeholders Cushing and Neal all take part in the recent Rights issues.
Only way Geoff & co are going to recover the millions of dollars they have sunk into Moa!
Only way Geoff & co are going to recover the millions of dollars they have sunk into Moa!
Yep and when you put down your own money, makes them more hungrier than just playing other people's money. And don't think Cushing and Neal will let this fail like Moa under Geoff's watch.
whatsup
09-04-2021, 08:28 AM
Yep and when you put down your own money, makes them more hungrier than just playing other people's money. And don't think Cushing and Neal will let this fail like Moa under Geoff's watch.
Yeh, but hardly a sexy sector is it !
Balance
09-04-2021, 08:36 AM
Yeh, but hardly a sexy sector is it !
Sexy it is not but then, the likes of GeoP & MFB were sexy and where are they now?
SVR has bought and is buying profitable profile restaurants in excellent locations at pandemic multiples - excellent base to grow earnings and build on the profile restaurants in the post pandemic world.
I observe the offshoot Azabu in Mission Bay is humming and always busy - as successful as the original in Ponsonby.
Am expecting that SVR will roll out more offshoots across Auckland and NZ, as NZ opens up in the post pandemic world.
Sideshow Bob
09-04-2021, 10:22 AM
Yeh, but hardly a sexy sector is it !
Alot of time the "unsexy" sectors are where the money is at. Rather than everyone chasing electric cars rocketships or rainbow unicorn whatevers....
BUT definitely not saying that SVR is where the money is at.
Getty
12-04-2021, 12:45 PM
..........
percy
12-04-2021, 12:50 PM
He actually increased his holding from 8,828,119 to 9,393,119.
However with the capital change his % of ownership has been deluted.
Getty
12-04-2021, 12:57 PM
..........
Getty
14-04-2021, 07:09 PM
Of the 3 most recently acquired Restaurants, Armano made it into NZ Heralds Auckland top 50 list at 3rd, a credible achievement, but alas, the other 2 didnt even rate a mention!
Geoff, please start refining your BBQ skills, or else whats the 0800 number of that Pizza chain?
Getty
14-05-2021, 04:23 PM
Article in todays Herald about how our Geoff has been put out to pasture...
Looks like he's invested in some contact lenses.
First photo I've ever seen of him without some Elton John hand me downs.
Congratulations Folks - you are about to get "Savored" .. well One for every Three you thought you had that is ;)
Suppose that might sound better than getting MOA'ED Over .. ;)
https://www.nzx.com/announcements/376494
On Friday, 16 July 2021, Savor Limited (“SVR”) announced that they will undergo a capital decrease of shares (“share consolidation”).
Shareholders will receive one SVR ordinary share for every three SVR ordinary shares held at 5pm on the Record Date of Friday, 6 August 2021.
In order for the Share Consolidation to be processed SVR will be halted from pre-market open on Ex Date, Thursday, 5 August 2021.
On Monday, 9 August 2021, trading will resume in SVR ordinary shares.
should help kick that stubborn circa 20c SP north.. or will it ?
Getty
17-08-2021, 03:38 PM
Please cancel Thursdays Pappardelle, we're getting MFB instead.
Goddam covid.
may be an improvement on the rough -10% SP fall in past weeks post consolidation on the way if Lock down
duration grows .. ;)
The smart money may feel further chapters of chills & pain with Smitty on the City enduring prescribed locked doors too ;)
https://www.newshub.co.nz/home/new-zealand/2021/09/savor-group-staff-paid-3-hours-a-week-in-lockdown-despite-bosses-claiming-wage-subsidies-upwards-of-20-hours-work.html
Hospitality being hit hard especially in L4 Auckland Region but on the face of it, Savor does themselves few favours in public eye.
winner69
11-09-2021, 03:07 PM
https://www.newshub.co.nz/home/new-zealand/2021/09/savor-group-staff-paid-3-hours-a-week-in-lockdown-despite-bosses-claiming-wage-subsidies-upwards-of-20-hours-work.html
Hospitality being hit hard especially in L4 Auckland Region but on the face of it, Savor does themselves few favours in public eye.
Bastards and very cynical
But then some would say one must maximise shareholder returns
On the other hand John Lawrenson seems a decent boss
HCR20
11-09-2021, 03:57 PM
Bastards and very cynical
But then some would say one must maximise shareholder returns
On the other hand John Lawrenson seems a decent boss
Pretty dumb. Customers will boycott and staff will leave. Market for hospo staff is very hot right now.
Also, COVID is here to stay and it is likely that regional lockdowns will become a normal feature of our lives for the next few years. People will simply not work for a firm who are going to randomly cut their incomes at such times. Dumb, dumb, dumb.
Balance
11-09-2021, 04:47 PM
Bastards and very cynical
But then some would say one must maximise shareholder returns
On the other hand John Lawrenson seems a decent boss
Surely illegal?
Subsidy for under 20 hours is $359 = $17.95 per hour
Ordinary wages surely must take into account actuals over past months with averaging ?
Not a quick flick through the minimums on part timer's contracts & using that instead ?
Savor appear to really know how to look after their staff - different Bl**dy story with the
Company's expectations of it's staff, I bet .. ;)
It's surprising that they haven't learned before now that their Staff ARE THEIR Business ;)
Look after them or lose them ?
A P*ss Poor Showing - Savor !
Do the right thing, even if the company has to shell out over & above any subsidy received..
How many of SAVOR'S Big Wig's large Screws did transfer of the part Timers Overpaid Subsidy go towards paying
more than the 80% for or in topping the latter bods up . ??
That's right - the excess subsidy can be transferred & used in payment of wages & salary of others claimed for on their payroll ..
TIME FOR THE BIG GUY INVESTORS - Colin & Selwyn to step up to the plate and open their fat wallets to ensure
that SAVOR'S Staffers aren't left out in the cold & hungry, even if SAV's Management have closed their eyes and
adopted the gutless & mean approach towards looking after their hardworking staff ;)
winner69
11-09-2021, 05:48 PM
Not one bit of fairness or kindness between them
winner69
11-09-2021, 06:24 PM
From their Annual Report
”OUR PEOPLE ARE THE BACKBONE OF OUR BUSINESS AND DELIVER EXCEPTIONAL CUSTOMER EXPERIENCES ON A DAILY BASIS."
HCR20
11-09-2021, 06:51 PM
From their Annual Report
”OUR PEOPLE ARE THE BACKBONE OF OUR BUSINESS AND DELIVER EXCEPTIONAL CUSTOMER EXPERIENCES ON A DAILY BASIS."
Exploitative and full of ****! Glad I sold out when moa imploded.
Getty
12-09-2021, 08:22 AM
Awwww Geoff!
Come back, all is forgiven.
Show the new directors how not to have the staff for breakfast.
They have been doing it all payday ref...
Getty
14-09-2021, 01:00 PM
hmmm, @48c still 3.5 times DCF rating, even this far into lockdown.
A few may be left starving, only the brave would order an entree.
Oops, correction, that DCF needs to be amended for share consolidation, 3x.
hmmm, @48c still 3.5 times DCF rating, even this far into lockdown.
A few may be left starving, only the brave would order an entree.
Oops, correction, that DCF needs to be amended for share consolidation, 3x.
Stuff that .. no service - best pass on the rest of the menu
The way things are going we should put the hat around & look at buying our own
establishment - then show them how it should be done .. member discounts for
all on here ..
Let's face it - bound to be a few hit the rocks soon and at least a couple of outfits
forced to sell their operations .. who knows ;)
Getty
16-09-2021, 08:23 AM
Do these fella's give a cut rate to shareholders on Fish & Chips?
Our local Oriental has put prices up, so we're looking for an outfit that respects our patronage.
winner69
10-10-2021, 06:56 AM
Brian Gaynor pretty negative on Savor
https://businessdesk.co.nz/article/the-life/covid-crunch-auckland-restaurants-face-a-tough-summer
Might be paywalled
FatTed
10-10-2021, 09:36 AM
their lobster rolls are pretty yummy
Getty
21-10-2021, 10:52 AM
What's cooking?
Is the cutlery all tarnished and the pot off the boil?
Are the fancy chefs on retainer, or has Geoff got them down on the farm, catering for the shearing gang?
Any Moa still in the chiller?
More cash burn than a prospective miner?
Who's brave enough to pop their head above the bar, and put these shares on the slate @45c?
Anyone closer to the in/action, please post a report.
RSVP.
Getty
03-12-2021, 11:48 AM
Very impressive article in todays Herald titled 'What's cooking, Top picks from 38 post lockdown Restaurants'
A wonderful example of journalism, with photos and prices of every dish, and where to get it.
Well done NZ Herald!
I haven't cross referenced which are owned by SVR, but a must read if you are interested in food, from a wide price range.
Very impressive article in todays Herald titled 'What's cooking, Top picks from 38 post lockdown Restaurants'
A wonderful example of journalism, with photos and prices of every dish, and where to get it.
Well done NZ Herald!
I haven't cross referenced which are owned by SVR, but a must read if you are interested in food, from a wide price range.
Wonder if it was on the house or as part of a discounted promo package to get stuck into the menu's ? ;)
Perhaps the winners get NZH's Staff Christmas bookings ? ;)
kiora
17-02-2022, 08:05 PM
Ouch & ouch for Colin Neal
https://www.stuff.co.nz/business/127809272/covid19-cashflow-problems-blamed-for-pricewise-collapse
Ouch & ouch for Colin Neal
https://www.stuff.co.nz/business/127809272/covid19-cashflow-problems-blamed-for-pricewise-collapse
Looks terminal - Polar Capital LP are the only shareholder
Wonder if the reincarnated Smiths City 2020 (75% owned by PC LP) looks much better ? ;)
Sideshow Bob
18-02-2022, 07:18 AM
Looks terminal - Polar Capital LP are the only shareholder
Wonder if the reincarnated Smiths City 2020 (75% owned by PC LP) looks much better ? ;)
My understanding was a while ago that Smiths City going OK - retail sales was washing its face, which was fine, as it is the finance side where they made the money.
Big Chill in the meantime looks like it is going gangbusters......Big Chill Distribution to have major footprint at Ruakura Superhub | Stuff.co.nz (https://www.stuff.co.nz/waikato-times/news/127776033/big-chill-distribution-to-have-major-footprint-at-ruakura-superhub)
kiora
18-02-2022, 04:20 PM
My understanding was a while ago that Smiths City going OK - retail sales was washing its face, which was fine, as it is the finance side where they made the money.
Big Chill in the meantime looks like it is going gangbusters......Big Chill Distribution to have major footprint at Ruakura Superhub | Stuff.co.nz (https://www.stuff.co.nz/waikato-times/news/127776033/big-chill-distribution-to-have-major-footprint-at-ruakura-superhub)
Big Chill now owned by Freightways
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/929508/shareholdings
Sideshow Bob
18-02-2022, 08:37 PM
Big Chill now owned by Freightways
https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/929508/shareholdings
Yes aware of this. Neal got his earn out recently.
Getty
24-11-2022, 10:51 AM
The Moa has been sent to greener pastures, but these boys are gearing up to pour quite a few more pints.
Worth a punt, or will rising interest rates force the Auckland trendies teetotal?
stoploss
24-11-2022, 08:22 PM
The Moa has been sent to greener pastures, but these boys are gearing up to pour quite a few more pints.
Worth a punt, or will rising interest rates force the Auckland trendies teetotal?
Hospo is not an easy gig .....
https://www.stuff.co.nz/business/130578477/celebrity-chef-josh-emetts-restaurant-group-in-voluntary-administration
Getty
24-11-2022, 09:01 PM
Hospo is not an easy gig .....
https://www.stuff.co.nz/business/130578477/celebrity-chef-josh-emetts-restaurant-group-in-voluntary-administration
I agree.
Some points of difference with SVR though are that they survived covid and still paid $2.5M debt, opened 2 new bars in time for summer, bringing in 60 foreigners to augment the existing staff.
Management have kept faith to do that.
Steve Ross will be away from the taps, turps & till.
I'm getting thirsty thinking about it, although I'm yet to shout myself a few shares.
Getty
24-11-2022, 09:23 PM
If l partake to excess, at least I'll be able to say I've got a recovery stock...
Sideshow Bob
19-01-2023, 08:09 AM
https://www.nzx.com/announcements/405515
Savor Limited (NZX: SVR) (“Savor” or with its subsidiaries “the Group”), New Zealand’s premier hospitality group, provides an update on summer trading and issues year end earnings guidance.
Highlights:
• Savor experiences record sales for the month of December 2022 of $6.8m, with multiple venues achieving new sales records.
• Investment in recruitment during the year provided a strong base to maximise trading results during the summer period.
• Close cost control measures through this time allowed the Group to improve margins and provide a base for the coming months.
• This solid period of trading allows the Group to provide earnings guidance of between $5 and $6 million for the financial year ending 31 March 2023.
• The Group reaffirms guidance for the 2024 financial year of revenue in excess of $70 million and operating earnings in excess of $10 million.
No mention of effects of lack of the 'Good Gas" anywhere yet ? ;)
Probably prudent to get the report out the door fast before everyone wakes up
that there might be a problem coming up ;)
Unless the boys & girls quickly take a shine to their bevies starting to be a bit flat :)
Perhaps something similar to the economy in the local goldfish bowl after the current Govt
have repeatedly jumped all over it, then departed wondering where all the life had gone ..
Sideshow Bob
31-01-2023, 08:59 AM
https://www.nzx.com/announcements/406001
Savor Limited (NZX: SVR) (“Savor” or with its subsidiaries “the Group”), New Zealand’s premier hospitality group, announces it plans to raise $3.25m of new capital via a fully underwritten pro rata rights issue. 5 new shares will be offered for every 44 shares held at 5pm on 10 February 2023.
Sideshow Bob
25-05-2023, 07:41 AM
https://www.nzx.com/announcements/412014
Highlights:
• Savor’s revenue was $52.4m for the year, an increase of over 70% compared to 2022.
• EBITDA* was $5.2m, well within the guidance range announced in January 2023, also increasing over 70% compared to 2022.
• Operating cash flow exceeded $6m, compared to $2.9m in the prior year.
• Net profit after tax was ($0.6m) compared to ($2.3m) in the prior year, after adjusting for one-off restructuring and interest costs during the year. Including those charges net profit after tax was ($2.3m).
• The Group continued to strengthen its Balance Sheet with the repayment of over $3.6m in debt principal over the year and the repayment of $2.85m of deferred consideration for the Amano acquisition.
samh194
27-03-2024, 12:02 PM
https://www.nzx.com/announcements/428635 (https://www.nzx.com/announcements/428635)
Highlights:
• Savor’s FY24 results will be its first reporting period without the impact of the Moa business or COVID-19. Since 2019 Savor has increased revenue by 299% and operating earnings* by 546%.
• With operating costs being tightly managed, Savor expects EBITDA for the financial year ending 31 March 2024 to be between $8.5 and $9.0 million (2023: $5.2 million).
• With margins for the Group improving by 4 percentage points compared to the prior year, Savor provides Net Profit After Tax guidance of between $1.5 and $2 million (adjusted for non-cash items).
• With principal amortisation now capped at $1 million annually, Savor forecasts the Group’s free cash flow to be from $3.5 million to $4 million on similar Group revenue, which will provide greater balance sheet flexibility moving forward.
• The new banking relationship with ANZ will have a cost of funds of circa 7% and Savor forecasts a debt to EBITDA ratio of approximately 1:1.
Seems to be a pretty good turn around.
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