Moa drops to record low on cash flow woes

Thu, 29 May 2014

By Suze Metherell May 29 (BusinessDesk) - Shares in Moa Group, which raised $16 million when it went public in 2012, plunged to almost a third of its listing price after the boutique beer maker posted a wider full-year loss and said major shareholders Pioneer Capital and the Business Bakery have committed to providing enough financial support to allow the company to keep operating for at least the year ahead. The NZX-listed stock touched a record low of 41.9 cents, well below its $1.25 listing price. The stock is the worst performer on th...

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