Maybe Milford et al have been buying for another reason.
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http://www.nzherald.co.nz/business/n...ectid=10911794
"Ross said the distributor did not have "skill set" required to drive Moa's sales in New Zealand."
I guess that must apply to the Ecoya candles as well? I mean, the distributors have no idea how to sell $50 scented candles?
It's all good, folks - it's all the distributor's fault. They do not know how to sell Moa beers!
In NBR " A new distribution model is being negotiated " lol read this as we are going to discount the hell out of it to do the volume through the supermarket .......( no profit margin then )
This one is going to go down further over the next few weeks I think. I have done no research but to me such a big miss on your first major target is not going to sit well with investors. Revenues static or as predicted with a fall in profit I can live with. But revenues down by 30% from target in a growth company does not bode well. I sincerely hope Farmer Hamilton sold his stake sometime yesterday.
Milford said they sold some yesterday....still at 0.2% of their fund overall....
This will drive their shareholders to drink thus increasing sales - all good me thinks! (shame their beer doesn't actually taste that great IMHO)