SVR - Savor Ltd (Formerly MOA)

[bull....]

The disappoint thing about this is that ForBarr didn't already have them on that rating. It was always going to underperform until they got traction (which they haven't), they only have to look at 42Below or Trilogy.

yea i have always wondered if 42 below was a fluke, cause none of there companies that came after seem to have fired

[vorno]

yea i have always wondered if 42 below was a fluke, cause none of there companies that came after seem to have fired

End of the day to convince others you need to convince yourself. If the beer is a nice beer but nothing special, what makes it stand out from the competition? 42 Below stood out from the crowd and is well loved - its almost a fashion statement when one of those arrive to a party!

[biker]

Yea, though for $23.99 for a dozen moa lager at the supermarket at the moment, what would you buy at that price point? They talk about competing wiht craft beer, but we all know that's rubbish. Though the 5-hop is pretty awesome. In Wellington, most bars and restaurants don't sell a lot of 'true craft' beer, there are some good beer bars, but the bars with more corporate-y clientelle are still being shifted from Heineken and Steinlager Pure. The purchase of emersons by Lion has lead to some Emersons at lots of big bars in WGTN and AKL. Moa fits somewhere in the middle here. They certainly aren't craft (though they are attacking the market at all angles). They are a 'kiwi premium' beer. The question is whether they can scale up quickly enough to be profitable at this level.

Their sessionable pale ale is excellent beer at that price. $23.99 ( v close to $30 normally) One of the best hoppy premium beers on the market IMO. I also agree their 5 hop is a very good 'craft beer'

[vorno]

Pale ales do tend to be quite popular!

[silu]

Wow! Like its namesake soon to be extinct?

[bmrm]

I see Geoff Ross has stopped being a pretentious individual as well since he knows he now has to acrually start working (very hard!!!).

I hate those 2Degrees adds featuring him. 'The Country's top businesspeople...' objectively untrue.

[bull....]

looks like people baling cause of the rather large cash injection they are going to need to keep operating, the more the price falls the more dilutive a catch 22 really

[bull....]

thought i try one so me mate brought one back for me yuk after two sips i took it back and say to the bar tender me mate was confused i actually asked for a macs not this , luckily an understanding barman gave me my macs and i gave him the sewer water

when a barman gives you another beer no questions asked that says it all about its status in the market and this was an upmarket bar in ponsonby so there you go no connection in the premium end of the market which i believe they were aiming for- the share price since says it all

[Fisherking]

when a barman gives you another beer no questions asked that says it all about its status in the market and this was an upmarket bar in ponsonby so there you go no connection in the premium end of the market which i believe they were aiming for- the share price since says it all

Agree totally, the first thing that put me off purchasing these shares was when i tried one of the beers. Couldn't even finish it.

I tried another at a food show just in case the first one I had was the one in a million, but unfortunately not. When I told the salesman what I thought of the taste he got aggressive and didn't want to hear. Only trying to help mate.

But what finally convinced me that this would never be a share to buy was when I saw that tosser Ross in his office on TV one day. I really don't know how to describe the view of his offices, some sort of cross between far too much money spent, disgraceful taste, questionable sexuality. Kind of Elton John esk if that helps.

I wouldn't take the shares if they were free.

[silverblizzard888]

Call me delusional given the current negative vibe going around, but I'm still a bit optimistic about MOA. There is a lot of fear they will run low on cash very quickly, which I would say that its too close for comfort, but my general opinion is that they were dealt a huge blow when their distribution didn't go well, which they have had to sink quite a bit of money into revamping it as shown by the high administration cost in their statements and lower sales meant even higher loss.

As the figures also speak for itself in sales 40,000 9LE cases in the first six months to 96,300 9LE cases in the second half, which if we assume everything goes better this time round the losses should be much lower to around 3-4 million or even less if they achieve even better sales. I think they will be able to last at least another year (maybe even 2 base on how they perform I guess), just my perception in a my optimistic way of the current fundamentals rather than letting what I read in the news to dictate how I should view the company.

It's good they have a contract in place with McCashin to be able to increase capacity in what they see as efficient. I'm not liking that they probably won't have money for expansion of a new brewery and may have to raise more cash later in the future.

Their distribution costs are up, which I guess they are trying to remedy the problem they had with retails not being able to get their product in a timely manner.

I do expect at least 1.6 million to be cut from administrative as they likely spent a lot on distribution arrangement which they should find more efficiency and a high gross profit as they start to achieve high sales on the new distribution model, though they are lowering margins while they do so. I think they will be more conscience of cost and getting better margins, as anyone with sense would and lets hope they do, but either way they shouldn't be spending any more than the 4 million they have in the bank. Ideally I'd hope loss for FY15 to be 2 million.