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Real-Time news about Hot Tuna (London Stock Exchange): 0 recent articles
|5uchchi: Company is worth more than 2 Million now with The accrued TAX losses over a period.If they are very shrewd then there is a possibility that RTO can easily be done without a big fuss. I am hoping for a big announcement before end of this week as name of the company has been changed today. Obviously it is not worth .05 per share with all high class people are on board and the share price will be shooting upto 0.35-0.40p very soon.|
|smiler 00: Hot Tuna resolutions passed at AGM
Leading surf wear and fashion brand Hot Tuna (International) has announced that all the resolutions at its annual general meeting were duly passed.
At 1:03pm: (LON:HTT) share price was 0p at 0.05p
Story provided by StockMarketWire.com|
|colinmc1971: 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.|
|bishopawn: 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.|
|bishopawn: Market capitalisation is only £1-68 million at today's share price.|
|solarno lopez: And they have left Yeoman in charge ..oh dear you only have to remember his actions at AVISEN ...12p to 4p share price|
|suchchee: Once more RNS about secured Ditribution agreement with other/eastern countries will boost share price and sale price for the brand will also go up by same trend.In my view they will get minimum 0.175 for the brand and after this announcement share price will go upto 0.35-0.40 in relation to new investment proposals.|
|sausageonastick: The website is another channel to market that needs to be worked like any other channel. It will need marketing to kick in and step up a gear, it will need articles in target orientated media, once the website is live!! I laugh as much as the next person when I see an advert in a magazine with the URL to a non-existent websites - yes a total mess up and wasted money. This website is not the finish its the start of changes that will either cause Hot Tuna to go bust or increase sales over a period of time. I happen to believe that over a period of time this company will add value to its share price, how much - I have no idea, never have stated a share price value for the future. I'll even stick my neck out by saying that with B&B in Berlin happening back in July, and the subsequent negotiations with distribuors / stockists that followed, along with F.E. in Melbourne at the weekend, with the website going live before mid September, the Northern hemisphere summer ending (gtoday I believe according to Radio 4) and the Southern hemisphere Spring starting, I'd be looking at the week 19th - 23rd September for the next trading update from Hot Tuna. With all the changes, and the brief update they gave a couple of months ago, we should hopefully see a more indepth trading update. Just my view, of course ;-)|
|mozambion: here is The Sun's article re HTT share price http://www.thesun.co.uk/sol/homepage/news/money/3584035/Tax-protest-gets-kicking-from-Boots.html|
|diya: The company has 2 ways to sell its product etailers and retailers in the country.
The company is going to develop an ecommerce website to meet the etail business. This means they can distribute the products on the internet they have amazon, ebay, Shreadhead and ASOS in the UK. They need to expand etailers in other countries. Most of the clothing brands have an online presence, the current website looks poor compared to its competitors. I look forward to seeing its online website, it will be a good marketing tool for the company as well as creating sales.
The company decison to expand by appointing distributors in the country it wishes to operate is an efficient way to expand the brand world wide. it means that the company can get into a country with minimal cost as they use the distributors resources to market the products in return for marketing fund. Many companies do this when they want to enter new markets. It is expensive to set up local presence in each country they operate in. If they manage this correctly their sales will go up fast. From the accounts FY2010 and HY2010 you can see thay they have appointed distributors in Italy Austria Germany and Denmark recently
The company appears to be doing the right thing with it sales program. It may be slow but better late than never.
I dont think this is a topend brand it is aimed at the middle market so volumes are the key to success.
They have appointed a new director with retail experience recently. They have raised over £1m funding in March 11.
The company has had a few problems in 2010 and hence the low share price with product quality. If 2011 is better year the share price will improve, I cant see it getting any worse.
Opex in this company is high and this is a concern but if they increase revenue and Gross profit then this will help reduce the operating loss. their first six months sales were very poor, it can only improve in the seocnd half.
If they show they are moving in the right direction then the share price will follow. This company can go in two directions up and away or down to zero. My bet is on up and away but do your own research and make your own mind.|
Hot Tuna share price data is direct from the London Stock Exchange