Hot Tuna Share Discussion Threads

[knigel] 31/12/2011 10:50

I suppose the share price fell so much yesterday because PIs started to see it go down to .010p early on and decided to bank profits thus it kept falling. Now will these same PIs decide to get back in at 0.08p? I expect another significant share price movement on Tuesday, just not sure which way though!

[goliard] 30/12/2011 23:11

Probably about £1. Let's hope he doesn't want a coffee.

[bishopawn] 30/12/2011 22:20

30th December RNS extract:

OUTLOOK:

While improvement has been made in avenues to market post financial year end with the launch of the ecommerce site www.hot-tuna.com and signing of an Australian distribution agreement, revenue has not met forecasts and cashflows are not expected to support the business through 2012.

As such the board took the decision to sell the Company's key asset of the IP and stock of Hot Tuna in November 2011. Currently the board is working with interested parties and is expecting to present a firm purchase offer to shareholders in January 2012. Although strong interest has been shown in the purchase of the brand to date, in the event of a sale not being achieved the board will investigate funding solutions and aggressive overhead cutting while working constructively with the Australian distributor.

In the event of a sale of the brand and business being successfully achieved, the board has indicated the Company will remain as a listed 'shell', with the incumbent directors excluding Marcus Yeoman expected to step down.

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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".

INTERESTING ....

[bishopawn] 30/12/2011 22:05

1st December RNS:

Hot Tuna, a leading surf wear and street wear brand, is pleased to announce that it has signed an agreement with leading wholesaler and distributor of international fashion brands, International Fashion Group Australia Pty Ltd ("IFG"), to represent Hot Tuna in Australia and New Zealand. International Fashion Group's dedicated Surf division will be heading up the sales, distribution and marketing for Hot Tuna with joint trading activities between both companies commencing on 1(st) January 2012.

David Mendels, CEO of IFG, said "We are delighted to be adding the iconic Australian surf brand, Hot Tuna, to our collection and we expect to generate great sales for this brand throughout our existing customer base of more than 300 independent retailers across Australia and New Zealand."

Francis Ball, Executive Chairman of Hot Tuna, said "We look forward to working with IFG to build a strong and profitable business for the Hot Tuna brand in Australia and New Zealand. We are developing a strategy for the Hot Tuna brand to enter into the rapidly expanding South East Asia market."

[bishopawn] 30/12/2011 21:53

Market capitalisation is only £1-68 million at today's share price.

[bishopawn] 30/12/2011 21:51

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.

"three preferred parties" = STRONG INTEREST in the brand and intellectual properties of HOT TUNA.

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I agree KNIGEL, but there was a heck of alot of buying today.

[knigel] 30/12/2011 21:45

Too far down - an overreaction,,,, buy buy buy!!!

[bishopawn] 30/12/2011 20:51

It says that it has received strong interest in the potential sale

If a sale is agreed then it is expected that the stock will remain listed as a 'shell' company.

The firm ended the period with £0.68 million cash.

A few positive strands from today's RNS.

[broken_arrow] 30/12/2011 20:32

gone cold tunna

[weevie1978] 30/12/2011 16:53

Apologies if already seen ...



ATB Weevie

[l2user] 30/12/2011 10:27

Posted by
Nick Fletcher
Friday 30 December 2011 10.14 GMT
Guardian

[l2user] 30/12/2011 10:27

Posted by
Nick Fletcher
Friday 30 December 2011 10.14 GMT
Guardian

[solarno lopez] 30/12/2011 10:20

Risk did you buy at Morrisons or Netto if so get your money back

[gcom2] 30/12/2011 10:18

set a buy at 0.022p

[risk1] 30/12/2011 09:59

i like tuna but this has gone off yuck and seems like a cheap cut

[sodium999] 30/12/2011 09:55

dumped half of this cold greasy tuna

[comedy] 30/12/2011 09:43

see you gol in jan..bet over we are back up...you keep spouting.what you want in lower??LOL

[goliard] 30/12/2011 09:39

Comedy - you are very aptly named. I think you may take yourself too seriously, but I don't think anyone else will make the same mistake.

[clocktower] 30/12/2011 09:35

Talk about pulling the wool over folks - how many times have they suckers new investors and diluted the stock further? Well they have run out of space and suckers I guess but all were warned by many posters here.

To me it shows when they do not even bother to respond to a business that has sent an expression of interest in the brand, or a done deal behind closed doors?

[comedy] 30/12/2011 09:34

the fact they spiked it down and then wouldnt sell any stock below 0.8p says it all...they will shake out a lot..those who timed it well sold above 0.1p and have bought back..now is time to average down for next upwave..today or next week.

[soldi] 30/12/2011 09:29

gol and sol: no one knows what the outcome will be here! The real issue is whether one should invest NOW, even if it's only a punt. Judging by the number of big buys so far, many believe it is worth investing!

[comedy] 30/12/2011 09:17

well they wont sell below 0.8p...a nice spike down to try to get stock???

[goliard] 30/12/2011 09:16

I think you will find that it is the terrible results that have done the work here. Brand will sell for next to nothing and the co may get a little bit for stock. Deal costs ie advisors fees will inevitably be larger than any monies received in the deal anyway. Results make it pretty clear that if no deal is done HTT will be split into a separate private co only concentrating on Australia and the shell will be left behind along with lots of other similar shells on AIM. No value here, but who knows if foolish buying will push the price up?

PS nothing subtle from me. This is a basket case and has been for years. Look at the graph, does it look 'subtle' to you?

[solarno lopez] 30/12/2011 09:13

The facts are the facts SOLDI and I have said all this over the past year so no de ramps from me

[soldi] 30/12/2011 09:09

Nice subtle deramps by a few here! LOL.