MOA float next month.
Same geniuses as 42 Below.
Who's in?
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MOA float next month.
Same geniuses as 42 Below.
Who's in?
No chance..
I have steered clear of it too. Don't think it will mota.
Its tasty, but no
In 12 months maybe.
I can remember at least 4 small Breweries starting up in Henderson in the 80's.. All went belly up..
No.. Not for me thanks..
Snrs.
You stay with the Corona - yes? perfecto.
I personally think you'd need to be retarded to buy into this offer, but as a disclaimer, I thought that about 42below and Xero too. So take from that what you will.
I suspect I will never find a business with those sort of financials wanting that sort of valuation that I would be willing to buy. Maybe I'm just not the target market?
Regardless, there are clearly people who are willing to gamble with the deck stacked against them so I hope, like Xero in particular, the Moa guys can at least use the idiots money to build a real business.
If nothing else, using money voluntarily provided by idiots to build something real and giving them breadcrumbs of the return is way better for society than just stealing it from the idiots, which is the normal fate of the idiot.
Good luck to them, I will definitely take a look after its been funded by the idiots, and would be interested if one day its a real business at a reasonable price.
Wont be investing but will keep an eye on them. I dont see them having the same potetial as 42B, or even Ecoya and those are well below the potential of Xro and DIL.
Interesting way to reduce IPO costs by selling advertising in the investment statement (or were they all Business Bakery companies?)
Always wanted to know the etiquette when to open doors and all that stuff ,,, but hard to keep your eyes off the chick on the grey horse .... OMG she putting herself in danger riding like ... could have at least put a hard hat on in case she fell off in her excitment
I won't be in for this float either but still wish the company success. Goodness knows, the NZX needs more listings and a bit of excitement never goes amiss!
From Brian Gaynor
http://www.nzherald.co.nz/business/n...ectid=10840164
I found this article excellent reading, appreciating the comparisons of companies but was staggered at the mention of the rich Robinson family, RAK.
Like others, I wish MOA well, but will watch from the sidelines.
Was 42 Below a fluke?
Is Ecoya a wonder company which is going to find a buyer (sucker?) like Bacardi paid up for 42 Below? Bear in mind that 42 Below happened during the go-go M&A mad era when alcohol companies were going crazy paying top prices for just about everything. Lion Nathan and Fosters are still nursing the destruction of wealth from paying crazy prices for wine companies.
When you have answered for yourself the two questions above, make your decision.
BTW - Geoff Ross has created more value for NZ and in the end for investors than Allan Hawkins, Eric Watson, Colin Reynolds, Bruce Judge etc put together ever did.
There are 17 comments so far, none appear to be supporting the float
So far. The problem with that comparison is that certain of those names were WAY out in front, part way through their story.
The problem with these "promotional" types and their associated companies is it really hard to know what you're dealing with and how they will react when things go really wrong.
As you say, 42 Below was sold at the peak of the boom.
It is a little early to be adding up the wealth created by Geoff Ross and comparing it to history - the 1986 numbers by some of those names would have been mighty impressive.
Anyone who has ever thought about starting a business (or better still, started one) knows how risky and tough it can be.
It's not just the $$$ you have to put in that's at risk, it's also all the time you put into thinking, planning, strategizing and then, executing.
How do you really measure those $$$ and the time put in?
That's really what the Moa IPO is about.