The acqusition is more of buying growth to cover up moa failure to be profitable by itself
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The acqusition is more of buying growth to cover up moa failure to be profitable by itself
So who is taking up their rights ?
I’m in, but my conviction levels aren’t that high
I'm in, but it's pretty small stuff. With the supermarket prescence being very modest I'm interested to see how this goes
As this seems to be the beer thread below is one cool Letter to the Editor in the DomPost
Took up the offer. Savour purchase is settled, as it was always going to be, lets see where this takes Moa.
Result out today....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.
What’s your opinion left field?
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.
I appreciate SilverBlizzard's input. He/she may well be right.
Attachment 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.
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