SVR - Savor Ltd (Formerly MOA)

[Cadalac123]

the nbr article before his name was revealed was a little deceiving ..

[huxley]

Geoff attempting to remain positive in today announcement! Personally wouldn't invest in anything he's involved with, never a good outcome for retail shareholders. Even with 42 Below, IPO investors only achieved about 30% return, which is a completely unacceptable return given the risks.

[nztx]

7 April 2020:

1 for 5 Rights Issue:

https://www.nzx.com/announcements/351396

" 1 for 5 rights issue to raise up to approximately $3m."


Today's Announcement:

https://www.nzx.com/announcements/351887

"RIGHTS ISSUE

Moa intends to launch a 1 for 3 rights issue on 22 April to raise up to $5.2 million of new equity. Up to $3m of the raise will be settled in net cash, and $2.2m of equity will be raised to settle the scrip component of the additional consideration owed to the Savor Group vendors."


A bit of a Change there & CFO Going as well..

[Cadalac123]

7 April 2020:

1 for 5 Rights Issue:

https://www.nzx.com/announcements/351396

" 1 for 5 rights issue to raise up to approximately $3m."


Today's Announcement:

https://www.nzx.com/announcements/351887

"RIGHTS ISSUE

Moa intends to launch a 1 for 3 rights issue on 22 April to raise up to $5.2 million of new equity. Up to $3m of the raise will be settled in net cash, and $2.2m of equity will be raised to settle the scrip component of the additional consideration owed to the Savor Group vendors."


A bit of a Change there & CFO Going as well..

This was possibly the worst thing that could have happened pre-turnaround for these guys haha

[nztx]

This was possibly the worst thing that could have happened pre-turnaround for these guys haha

The interesting part coming out of some of these Cap Raises is that it beings to the fore
many of the Companies who don't have their Houses in Order & their Ducks lined up neatly
in a Row very well - for the Short to Medium term continuity ..

[Sideshow Bob]

If you are a Moa fan, you can also get your beer cheap, as well as your shares.....

https://www.containerdoor.com/nz/pro...pilsner-x-24-1
https://www.containerdoor.com/nz/pro...ion-ipa-x-24-1

Actually I think a 6 pack of cans in the Supie is about $15 bucks....so not that bargain.

[huxley]

If you are a Moa fan, you can also get your beer cheap, as well as your shares.....

https://www.containerdoor.com/nz/pro...pilsner-x-24-1
https://www.containerdoor.com/nz/pro...ion-ipa-x-24-1

Actually I think a 6 pack of cans in the Supie is about $15 bucks....so not that bargain.

Well that's a lot cheaper than the Moa website. They will sell you a 24 pack of 330ml cans for the low low price of $76.50! ($58 for the beers, plus $18.50 flat rate for delivery).

This at a time when other breweries are offering incentives to buy direct from their websites.

[huxley]

If you are thirsty, may I suggest this offering from Urbanaut. $6,900 for 2,400 cans. Bargain.


https://www.urbanautbeer.com/collect...ckdown-special

[Sideshow Bob]

If you are thirsty, may I suggest this offering from Urbanaut. $6,900 for 2,400 cans. Bargain.


https://www.urbanautbeer.com/collect...ckdown-special

If you are drinking that much, you might as well drink Ranfurly or Rheineck - you aren't exactly savouring it.....

[Sideshow Bob]

Rights issue over subscribed. Wanted $5.2m, got $5.8m and accepted the over-subscribed.

https://www.nzx.com/announcements/352955