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HTT Hot Tuna

0.0535
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hot Tuna LSE:HTT London Ordinary Share GB00B0L31155 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0535 0.00 00:00:00
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 0.0535 GBX

Hot Tuna (HTT) Latest News

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Hot Tuna (HTT) Discussions and Chat

Hot Tuna Forums and Chat

Date Time Title Posts
23/2/201216:11Hot Tuna.a Surfers Paradise?10
03/2/201214:29Hot Tuna for all you surf bums1,819
18/4/200106:32Henderson Tech substantially overvalued6
27/2/200113:35The time for Techs- Is it near?6

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Hot Tuna (HTT) Top Chat Posts

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Posted at 30/1/2012 23:15 by 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.
Posted at 30/1/2012 13:11 by smiler 00
Hot Tuna resolutions passed at AGM
StockMarketWire.com
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
Posted at 11/1/2012 10:35 by 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.
Posted at 03/1/2012 16:42 by 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.
Posted at 22/12/2011 17:22 by sausageonastick
solarno lopez - you ask why the increase

Hot Tuna has signed distribution agreements across Europe, (massive) Australia and New Zealand, whilst the USA is planned for the New Year.

Hot Tuna has a European / US website and and OZ / NZ website.

It has worked hard to get the brand re-established, through PR companies, and now it has offered the brand and all that it has spent time creating for sale. So someone gets the brand and the foot work has been comepleted (finding, signing agreements, creating websites) all it needs to do is put the brand into its own marketing department and away it goes.

How much would you expect another company to pay for all this?

The money paid goes into a HTT, but HTT will need to change its name a this name will go with the brand. So early next year at the AGM shareholders will be asked to vote on a new name and a new investment strategy.

Thoughts are of buying into gold, coal or r.e.m. The new HTT will have cash at a time that companies are looking for cash to push on with, so te new NTT should be in a strong bargaining position.

So this excitement is not about a clothing company, its about what it will turn in to with cash and the new investment strategy.

Looking good for tomorrow.
Posted at 12/12/2011 10:03 by 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.
Posted at 09/12/2011 12:11 by topinfo
So if there are multiple bidders what will they pay for HTT, well alot more than share price thats for sure. Look at Broker notes. Tgt price 0.35p SEYMOUR PIERCE




That broker note is almost 8 times current share price of HTT. Im not saying bidder will pay 0.35p but defo significantly more than current share price of 0.05 thats for sure and done deal soon not light years away.
Posted at 09/12/2011 12:08 by topinfo
So if there are multiple bidders what will they pay for HTT, well alot more than share price thats for sure. Look at Broker notes. Tgt price 0.35p SEYMOUR PIERCE
Posted at 14/11/2011 07:17 by topinfo
DJ Hot Tuna (International) plc Trading and Business update

TIDMHTT

RNS Number : 0011S

Hot Tuna (International) plc

14 November 2011

Monday, 14 November 2011

Hot Tuna (International) Plc ("Hot Tuna" or the "Company")

Trading and business update, proposed disposal of the Hot Tuna brand and board changes.

Hot Tuna, a leading surf wear and street wear brand, is today providing a trading and business update.

Overview

Revenues for the year ended 30 June 2011 will be in line with the Board's expectations. As a result of the Board's continued focus on costs control during the financial year, losses will be below that previously expected by the board.

Sales during the first four months of the current financial year are 65% ahead of the comparable period for last year with an improved gross margin. Overheads are higher than last year as the Company has funded the design and launch of its website, strengthened its management team, increased PR and marketing to stimulate both revenue growth and increase brand awareness.

UK

The winter merchandise was delivered to the UK, in accordance with its specification, from our new supplier in Sri Lanka. The Amazon orders were delivered on time and the range was added to our on-line offering on 20(th) October 2011. Detailed assessments versus our major competitors confirmed that our merchandise compares favourably in terms of quality, design and price.

Traffic to our website, http//www.hot-tuna.com, (which was launched on 22(nd) September 2011) is building well having been up 29% in the last week of October (versus the prior week) and a further week on week advance of 23% in the first week of November. However to date, conversion rates are disappointing and we have therefore lowered our forward sales forecasts from this channel.

In light of the ongoing difficult retail conditions in the UK, trade sales to multiple and online retailers for spring/summer 2012 are currently lower than hoped, or late in being confirmed. We are flexing our production planning accordingly.

Europe

Whilst spring/summer 2012 orders from our distributors in Italy, Austria, Germany and Denmark are ahead of last year, they are currently below budget.

Australia and South East Asia

Trade sales to independent retailers continue to show good growth and expectations for November are strong relative to last year. Online interest has been encouraging and we are launching an Australian web store later this month.

As announced in the trading update on 5 October 2011, the Company anticipates that its Australian distributor agreement should be signed this month. Sales projections by our distributor partner are very encouraging.

In conjunction with our prospective new Australian distribution partner, we see a great opportunity for Hot Tuna in South East Asia. Brand IP is being documented country by country prior to negotiating new distributor deals.

USA

The restructuring of our US operation is also close to being concluded with our commercial office and warehouse due to close as soon as all stock is cleared. Distributor discussions in the US are on-going with a view to appointing distribution partners early in 2012.

Online interest in the US has been encouraging with over 6% of visitors to http//www.hot-tuna.com coming from the region. We will activate a price change facility onto our website this month, which will allow USA customers to view all our prices in $US.

Commenting on current trading, Francis Ball, Executive Chairman, said:

"We have made good progress with Hot Tuna. Sales and margins in the first four months of this financial year are well ahead of the same period last year. Our PR campaign is proving exceptionally successful in getting the Hot Tuna brand in front of relevant young people. The launch in of the transactional website in the UK in September and the on-going development of an important trading relationship in Australia and New Zealand are exciting. The growth of sales in Australia indicates good awareness of, and support for, the Hot Tuna brand in its homeland.

The retail environment continues to be challenging in the UK, US and continental Europe which is undoubtedly impacting revenues in the current financial year. Action has already been taken to reduce costs. However there is a need to invest in and promote the Hot Tuna brand, and our rate of growth, whilst encouraging, is slower that previously expected."

Proposed disposal of the Hot Tuna brand

In light of current trading being below budget, and the Board's belief that it would be difficult for the Company to raise new investment from existing shareholders for the development and promotion of the Hot Tuna brand, 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.

Board Changes

Francis Ball, Geoff O'Connell and Oscar Verden have indicated that, on completion of the sale of the Hot Tuna brand and the assets and liabilities, they will step down from the Board. Marcus Yeoman will remain on the Board and a new director will be appointed. The Board will, following completion of the sale of the Hot Tuna brand focus on identifying attractive acquisition opportunities for Hot Tuna (International) plc.

Commenting on the proposed sale of the Hot Tuna brand, Francis Ball said: "The Board and management team remains enthusiastic about the future of the Hot Tuna brand, and expects the current rate of sales growth, and improved margin, to be sustained. It is unfortunate that the current equity funding environment makes it very difficult for us to raise further capital and as a result we believe that the future of the business, its customers, distributors, suppliers and employees is best served through a sale of the brand."

AIM Rules for Companies

The Board anticipate that any sale of the Hot Tuna brand will be deemed to result in a fundamental change of business under Rule 15 of the AIM Rules for Companies and therefore will be conditional on consent from the Company's shareholders at a general meeting. Following a sale of the Hot Tuna brand the Company will have disposed of all of its trading businesses and therefore under Rule 15 of the AIM Rules for Companies it will be re-classified as an Investing Company and will be required to adopt an investing policy, which must also be approved by the Company's shareholders.

Enquiries:
Posted at 17/5/2011 06:45 by mozambion
here is The Sun's article re HTT share price
Hot Tuna share price data is direct from the London Stock Exchange

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