"We believe that reaching profitability could provide a positive catalyst for the share price in the medium-term," the note said. A bullish July 12 note from Fat Prophets, however, may provide a few clues to the recent run-up in Moa shares. That was a "please explain" notice from NZX over its rallying share price. Market watchers have been left scratching their heads after a major surge in Moa Group shares. Moa Group executive director David Poole has been doing a bit of shopping, purchasing more than $100,000 worth of Moa stock in recent weeks, which could also go some way towards explaining the share rally.

Source: New Zealand Herald July 28, 2016 16:52 UTC