SUBSCRIBER-ONLY POLL RESULT: What will it take to turn Moa around?

Geoff Ross, Moa Group Chief Executive Officer
Moa Group 12-month price history (

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Most NBR member subscribers in a recent poll are unconvinced by options NBR ONLINE has put forward to turn Moa around.

Member subscribers were asked to pick from six ways management could turn the craft beer business around after a difficult week where shares plunged to their lowest. 

On Wednesday Moa was labelled “unappealing” by Forsyth Barr due to disappointing sales, a shrinking cash pile and slow growth in offshore markets.

Pioneer Capital, which owns 24% of the company, and The Business Bakery, on 23%, have provided Moa with a letter of commitment to provide financial support

By Thursday shares plunged to almost a third of its listing price. The NZX-listed stock touched a record low of 40c, well below its $1.25 listing price.

Of six options, most poll participants – 31% –  felt nothing could be done to turn the craft beer business turnaround.

The next biggest proportion – 16% - said more money from major shareholders was needed.

A smaller number, 14%, suggested a board refresh was needed.

Three other options, the proposed brewery expansion, a rebrand, and better flavours all picked up 13% of participants’ votes.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot


Sym Price Change
USD 0.7594 0.0000 0.00%
AUD 0.9719 0.0000 0.00%
EUR 0.6980 0.0000 0.00%
GBP 0.5015 0.0000 0.00%
HKD 5.8944 0.0000 0.00%
JPY 90.3750 0.0000 0.00%


Commodity Price Change Time
Gold Index 1179.0 -14.680 2015-04-24T00:
Oil Brent 65.3 1.460 2015-04-24T00:
Oil Nymex 57.1 -0.480 2015-04-24T00:
Silver Index 15.6 -0.190 2015-04-24T00:


Symbol Open High Last %
NZX 50 5757.9 5776.4 5757.9 0.13%
NASDAQ 5096.3 5100.4 5056.1 0.71%
DAX 11783.6 11881.0 11723.6 0.74%
DJI 18056.4 18108.9 18058.7 0.12%
FTSE 7053.7 7102.6 7053.7 0.24%
HKSE 27978.4 28089.4 27827.7 0.84%
NI225 20142.5 20142.5 20187.7 -0.83%