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HNG Hawkwing Plc

6.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hawkwing Plc LSE:HNG London Ordinary Share GB00BLF0L315 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 6.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.50 GBX

Hawkwing (HNG) Latest News

Hawkwing (HNG) Discussions and Chat

Hawkwing Forums and Chat

Date Time Title Posts
30/12/202212:02Hawkwing PLC - RTO Candidate 49
04/1/202112:48It flies like a hawk!103

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Hawkwing (HNG) Most Recent Trades

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Hawkwing (HNG) Top Chat Posts

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Posted at 12/8/2021 07:28 by philjeans
Suspension

As announced on 12 July 2021, Hawkwing has entered into non-legally binding heads of terms for the IFG Acquisition and has been granted exclusivity until 31 March 2022. The IFG Acquisition is expected to be at an enterprise value of GBP115 million, with the consideration being satisfied by the issue of Hawkwing shares at 6 pence per share The Ordinary Shares remain suspended from trading while the IFG Acquisition, which will constitute a "reverse takeover" (for the purposes of the Listing Rules of the Financial Conduct Authority ("FCA")) is negotiated and advanced. The Company will update shareholders as to progress made in relation to the IFG Acquisition as and when appropriate. As no binding agreement on mutually acceptable terms has yet been reached between the parties, Hawkwing cannot guarantee nor provide any certainty that the IFG Acquisition will be completed.
Posted at 12/7/2021 08:15 by philjeans
HNG is a listed shell co with £1M cash and no liabilities!

Tax losses available and a tiny M/C of £3M !!

It'll rocket after suspension.
Posted at 12/7/2021 08:07 by philjeans
Excellent news here today!

RTO with an internet E-retailer.

Couldn't be better - shares will rocket on re-admission.


12 July 2021

Hawkwing plc

("Hawkwing" or the "Company")

Potential Acquisition and Suspension of Listing

Hawkwing plc (LSE: HNG) is pleased to announce that it has entered into non-legally binding heads of terms for the acquisition of Internet Fusion Group Limited ("Internet Fusion Group") (the "Proposed Acquisition").

Key highlights

-- Internet Fusion Group is an ecommerce aggregator using its technology platform to change the economics of speciality e-retail

-- The Proposed Acquisition and an associated proposed private fundraise by Hawkwing, details of which will be announced in due course, will help to fund and accelerate Internet Fusion Group's advanced acquisition pipeline of niche e-retailers

-- Internet Fusion Group is run by a highly-experienced executive team of lifelong digital retailers, including digital retail expert John Browett (previously CEO of Dunelm Group, Dixons Retail and Tesco.com) (Executive Chairman) and Joe Murray (Chief Executive Officer)

Following completion of the Proposed Acquisition, it is intended that the enlarged group will be Chaired by John Browett and the Chief Executive Officer will be Joe Murray.

About Internet Fusion Group

Internet Fusion Group is an ecommerce aggregator using its technology platform to change the economics of speciality e-retail. It brings together specialised retail businesses and brands onto its own proprietary end-to-end digital platform, 'Reactor'. Reactor enables specialised retail businesses to unlock efficiencies of scale while preserving a differentiated and authentic customer experience.

Internet Fusion Group already owns and profitably operates nine speciality retail businesses and has a deep understanding of the dynamics of niche brands. The company has a strong track record of acquiring niche e-retailers at attractive multiples and transforming their profitability through the Reactor platform. Internet Fusion Group is also at the early stages of offering the Reactor platform as a service to supplier brands looking to scale their Direct to Consumer offer - giving them low-cost access to all the benefits of a bespoke seamless online retail business engine, and the agile warehousing and delivery systems required to support it.

Keith Sadler, Senior Independent Non-Executive Director of Hawkwing, commented: "Internet Fusion Group is a well-established business with a proven track record of owning and profitably operating multiple speciality e-retailers. The company has a seasoned team behind them with extensive industry experience and exciting growth plans. The potential acquisition of Internet Fusion Group fits in the sweet spot of our strategy to target businesses that are profitable and cash generative and can create value for our shareholders."

John Browett, currently Executive Chairman of the Management Board of Internet Fusion Group, said: "This proposed transaction allows Internet Fusion Group to accelerate its near-term acquisition pipeline of profitable specialty retailers. Speciality retailers play a really important role in the retail landscape, allowing tribes of people with the same passions to browse for high quality products amongst like-minded people and buy from like-minded brands. By o perating independently, niche retailers can struggle to meet their growth potential. Through our ' Reactor ' platform, we bring together speciality businesses so we can unlock the advantages of scale while preserving the experience of niche. I'm hugely excited for the long-term growth ahead of us, and am delighted that this proposed transaction will provide significant near-term momentum for our business. "

Suspension of shares

Hawkwing is a cash shell with its ordinary shares admitted to listing on the standard segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the "London Stock Exchange") ("Standard Listing"), and the Proposed Acquisition is deemed to be a reverse takeover under the listing rules of the FCA. Where a reverse takeover is contemplated but has not yet been completed, the FCA will normally suspend a company's listing pending the publication of a prospectus prepared in accordance with the prospectus regulation rules of the FCA and approved by the FCA, or an announcement that the Proposed Acquisition is not proceeding. Accordingly, the Company has requested from the FCA a suspension of its Standard Listing with effect from 7.30 a.m. on 12 July 2021.

The Company will update shareholders as to progress made in relation to the Proposed Acquisition as and when appropriate. As no binding agreement on mutually acceptable terms has yet been reached between the parties, Hawkwing cannot guarantee nor provide any certainty that the Proposed Acquisition will be completed.

For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Hawkwing is Keith Sadler, Senior Independent Non-Executive Director.

- Ends -
Posted at 18/1/2021 08:04 by fillipe
HNG - a strong start to this new week.

f
Posted at 10/2/2020 16:32 by supercity
Where are all the posters from six months ago that were adamant this share was worth many multiples of its cash value on hype alone.The chart is a good example as to why (even when they shout above you) you should always look from outside the box.Only a few more weeks until the six month period is up and they will have to suspend the shares unless they make an acquisition.
Posted at 03/11/2019 21:32 by newtothisgame3
#HNG Hammer Candlestick #Bullish Today 21:32


#HNG closed up 28.13 percent on Friday, November 1, 2019, on 82 percent of normal volume.
Posted at 03/11/2019 16:02 by newtothisgame3
TOP AIM STOCKS
?

@smallcappick
8m8 minutes ago
More
#HNG STRONG BUY
Posted at 15/10/2019 14:38 by newtothisgame3
#HNG look at the premium req for not a large amount come on #BERM guys wakey wakey #HNG is a better option
Posted at 10/10/2019 21:03 by newtothisgame3
!FOLLOWFEED


The Company is an AIM Rule 15 Cash Shell. It intends to pursue a reverse takeover transaction, subject to shareholder approval, with the aim of delivering shareholder value. The board intends to seek a business with the prospects of being profitable and cash generative.

A reverse takeover transaction would require the publication of an admission document in respect of the proposed enlarged entity and would be conditional upon the consent of the Shareholders being given at a general meeting. As per the guidance notes to Rule 14 of the AIM Rules, trading in the Ordinary Shares would be suspended following the announcement that a reverse takeover had been agreed or was in contemplation until the publication of an AIM Admission Document or an announcement that the transaction was not proceeding.

The Company will be dependent upon the ability of the Board to identify suitable acquisition targets. To date the Directors have not identified any investment opportunities which they have resolved to pursue. There is no guarantee that the Company will be able to acquire an identified opportunity at an appropriate price, or at all, as a consequence of which resources might have been expended fruitlessly on investigative work and due diligence.
Posted at 09/9/2019 11:09 by hazl
As I started this thread I will attempt to keep it updated.
I might ,or might not be invested, at any one time.
As there are clearly some people here who do not know how shell companies work, again, I will attempt to provide a somewhat limited view, of my own understanding.
As to the management of Hawkwing they were true to their word and announced the expected sale 'at or before the 5th of September'.
That perhaps bodes well for the subsequent requirement to invest in a new entity.

Nothing is certain about this kind of investment as I knew when I got in the day before the announcement.
It was a pleasant surprise that it rose so much on the 5th but that is the nature of shells they can be a valuable entity or they can be rendered valueless as things proceed.
I didn't want my money to be tied up if they were suspended and took my profit on this occasion .
Often the share is suspended when a new investment is made as things get sorted.
Sometimes (not always)the firm returns to market with a share price increase.
That is the reason they are both interesting and a gamble at the same time.
It is still an interesting bet in my opinion (with reservations).
IMO
Hawkwing share price data is direct from the London Stock Exchange

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