Lol classic
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Lol classic
I feel like yesterdays announcement was intended to soften the disappointing results announcement. (will be near nil growth YOY without Parrotdog in the mix)
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.
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.
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.
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-websit...545/291429.pdf
Things are improving. Moa lost $112,ooo less this year than last year. Time to set the clock for another capital raising.
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 inBlenheim again.
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/...ectid=12180962
Wonder what earnings accretive means when you currently losing money.
Hope Moa customers know the quickest way to overcome cenosillicaphobia