Hot Tuna Share Discussion Threads

[solarno lopez] 11/1/2012 11:01

if they control 60% then they will be in a strong position to have a placing at a price favourable to themselves

[colinmc1971] 11/1/2012 11:00

Explain????

[solarno lopez] 11/1/2012 10:38

What they will do is a placing amongst themselves at a price way below the current level

[colinmc1971] 11/1/2012 10:35

Given the fact that this company is owned by almost 60% by substantial shareholders (3% or above) and none have declared any sales of shares recently surely suggests there is some confidence this share is not suddenly going to decline overnight, also given the fact there was not a mass exodus when this share was double its current price recently suggests there is a lot more to come from this share price yet. I will sit tight and buy in where I can.

[4screws] 04/1/2012 16:14

bishopawn you mean sellers

[bishopawn] 04/1/2012 15:15

The buyers have returned this afternoon. Pleasing...

[4screws] 04/1/2012 15:09

shareholder...explain...

[shareho1der] 04/1/2012 15:04

intraday reversal ..... nice !!!!

[shareho1der] 04/1/2012 13:48

Bishopawn, hat off to you for being positive. I think this stock will make those of us who are patient very very happy.
Hard to believe it was IPO'ed at 51p....

[bishopawn] 03/1/2012 22:32

Looks like Marcus Yeoman, who only came on board three months ago, will have a clear field going forward with the cash (how much??) "shell".

The fact that after only 3 months he is taking over the whole project on his own is impressive to say the least and my view is that this would have been impossible without a very definite and convincing strategy already in place or a knockout proposal/offer.

We shall see soon what has been hatched and planned.

[goliard] 03/1/2012 21:20

Or Storyboard Assets.

[solarno lopez] 03/1/2012 17:24

Thats your problem Bishop, leaving Yeoman in charge. take a look at Avisen

[bishopawn] 03/1/2012 17:12

We shall see (...)

[goliard] 03/1/2012 16:56

Shells are only good for reverse takeovers and there are loads of them around at the moment. Why should this one be worth more than others? Also, the idea of mining is 'so last year', or even before that!

[bishopawn] 03/1/2012 16:42

Pasted from iii brakespear this afternoon:

Was sent this broker note by my broker. Setmour Pierce have a 0.35p target on the stock.

Hot Tuna 3,4,5 (Buy) Launch of Australian website and update on
disposal of the Hot Tuna brand

HTT.L (0.0625p, Target price 0.35p) Market cap: £720k

Over the last couple of weeks, the company has made good progress toward rebuilding
sales in its heartland markets of Australia and New Zealand. It has signed an agreement,
which will commence from the beginning of 2012, with one of Australia's leading
distributors, International Fashion Group (IFG) to represent the brand in Australia and
New Zealand. IFG has access to over 300 independent retailers.

On Friday, the companyalso announced the launch of its Australian website to complement this agreement. In the statement, the company gave an update on the disposal process of the Hot Tuna brand. It has reduced the interest, which we believe was significant, to three preferred parties, who are now in the midst of due diligence. Management is expected to give a further update before the end of the year.

We are retaining our Buy recommendation with a price target of 0.35p. Hot Tuna is a trong brand with a fifty year heritage and a significant opportunity to develop online and overseas. We thus believe that the Hot Tuna share price will likely be underpinned by the perceived market value of the brand. In addition, the remaining shell company is likely to be of interest to other corporates.

----------------------------

very similar thoughts to another broker and mine too; I am prepared to gamble that the brand and intellectual properties, inclusive of websites and deal with Australian distributor etc is worth more than the current capitalisation.
The real excitement comes after the sale, when we get a clear indication from Marcus Yeoman as to the likely investment direction of the listed "shell". If it were in mining, there will be a strong reaction and a following...Good luck.

[solarno lopez] 03/1/2012 10:40

notice that the bishop hasn't responded yet says a lot in my book

[goliard] 03/1/2012 10:38

If anyone has built a stake worth talking about then they have to issue and RNS. They haven't, so they are not. Simple as that.

[solarno lopez] 03/1/2012 09:20

or ramping

[shareho1der] 03/1/2012 09:17

may be its bishopawn that is building the stakes.

[solarno lopez] 03/1/2012 07:33

How do you deduce that someone is stake building BISHOPAWN

[bishopawn] 31/12/2011 23:46

Someone is stake building, KNIGEL, in amongst the speculation, imho, to explain the rise in such a short time. If so,they will mop up slack as and when in the run-up to the next RNS in January re the terms of the deal.

[bishopawn] 31/12/2011 12:48

The directors knew all about the results for the year ending June 2011 and the rest BEFORE they made their 9th December RNS:

from RNS 9th December:-

As announced on 14 November 2011, the Board believes that shareholders interests will best be served by seeking a buyer for the Hot Tuna brand and all the assets and liabilities of the Company. To this end, the Board has invited three preferred parties to enter into a due diligence process and anticipate making a further announcement on the sale process by the end of this calendar year.

So really imho nothing substantially changed as of the 30th December RNS....strong interest to buy the brand and intellectual rights and the creation of an investment shell with unidentified as yet direction for that investment.

All still to play for I reckon.