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Thread: Moa

  1. #1
    Member ENP's Avatar
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    Default Moa

    MOA float next month.

    Same geniuses as 42 Below.

    Who's in?

  2. #2
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    No chance..

  3. #3
    percy
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    I have steered clear of it too. Don't think it will mota.

  4. #4
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    Its tasty, but no
    "Gold is money, everything else is credit"- J.P. Morgan

  5. #5
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    In 12 months maybe.

  6. #6
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    Quote Originally Posted by 777 View Post
    In 12 months maybe.
    I am a mabe also, but perhaps a little longer then 12 months, perhaps 18 months to 2 years.

  7. #7
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    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..

  8. #8
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    Snrs.
    You stay with the Corona - yes? perfecto.

  9. #9
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    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.
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  10. #10
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    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?)
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  11. #11
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    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

  12. #12
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    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!

  13. #13
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    Quote Originally Posted by macduffy View Post
    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!
    Agree completely.

    We need more companies on the NZX.
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  14. #14
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    Quote Originally Posted by SparkyTheClown View Post
    Page 115 gets to the nitty gritty. $2.4m revenue. $2.8m EBITDA loss.

    A document search for the word "earnings" shows the document is a bit thin on this.

    Page 11 has some useful statements too. "Moa Group is forecasting a pro forma net loss after tax of $3.5 million in FY13 and a loss of $2.5 million in FY14 and is forecasting to have $2.9 million in cash at 31 March 2014 (on the basis of total gross proceeds of $15 million and no oversubscriptions). Moa Groupís current intention is to continue to apply funds in order to grow its business. Funding of this continued growth is intended to be achieved through funds raised from this Offer and other sources considered prudent at the time. There is a risk Moa Groupís growth plans may be unsuccessful or require higher levels of expenditure than forecast. Should Moa Group not be able to secure additional funding when required,
    it may need to slow its growth investment and endeavour to move its activities towards generating profits earlier than anticipated. "

    We also see on page 107 that in 2014, revenue is forecast at just under $5m. Even in 2 years time, this company is still going to be tiny - and unprofitable.

    Now, this is a startup, and there are some clever people involved. But the buying of beer is discretionary and substitutional on a number of levels. You can buy other boutique beer, other mainstream beers, or other forms of alcohol, or none at all. People swap out of brands for all sorts of reasons and occasions.

    I wanted this listing to succeed, and so when I found out about the listing, I thought I would go to the liquor store in Matakana, which is listed on the Moa website, and pick up some of their beer to try. The liquor store told me "Oh - the distributor has changed, we don't stock this anymore". Clearly they make a nice beer, but distribution is notso hotso, even on the outskirts of Auckland. And if a place like Matakana (where they like boutique produce) isn't enthusiastic.....

    I'm not investing. Good luck, and cheers to those who pick some shares up.
    Also look at the capacity of the current brewery and think how much is it going to cost to expand the current facility to allow for some growth.....

  15. #15
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    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.
    Last edited by karen1; 13-10-2012 at 07:42 AM.

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