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HOTC Hotel Chocolat Group Plc

374.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Hotel Chocolat Group Plc HOTC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 374.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
374.00
more quote information »
Industry Sector
FOOD PRODUCERS

Hotel Chocolat HOTC Dividends History

No dividends issued between 25 Apr 2014 and 25 Apr 2024

Top Dividend Posts

Top Posts
Posted at 16/11/2023 13:56 by williamcooper104
Yes, it's a huge disconnect between the value of HOTC as a standalone company, especially as having more or less saturated its home market and failed at material overseas expansion and the value of it to Mars who will be able to crack the overseas rollout Many FTSE companies are too cheap but despite the whopping premium I don't think HOTC so obviously was
Posted at 16/11/2023 09:30 by sbs
I thought the markets were depressed and then Sopheon, now HOTC - both over 100% premium, which is enjoyable.

London needs to do better at valuing niche companies!
Posted at 15/7/2023 16:24 by tmfmayn
[SharePad] Small-Cap Spotlight Report: HOTEL CHOCOLAT #HOTC

Devoted company bosses do not always create great returns for outside shareholders. Maynard Paton studies chocolate retailer Hotel Chocolat and the board’s decisions and composition.
Posted at 07/1/2023 15:59 by jeanesy
HOTC chocolate contains much less sugar than conventional chocolate and as a result takes much nicer.

As for the cost of living crisis I have to say on hearing that there are queues of people booking holidays I am beginning to think that perhps it is just media hype ?!!
Posted at 14/9/2022 14:51 by sphere25
The short version:

Long a speculative chump change amount of HOTC as a high risk short term play with an exit (small loss) if no momentum.

The long version:

How much risk tolerance do folk have in this market?

HOTC have disappointed recently and you can get clobbered really quickly on all sorts in this market but this buying looks interesting. They're coming in for big chunks of the company here. A couple of trades going through of 3.7m and 3.5m which are significant with a whopping total exchange amount of 12.9m at present.

It is highly illiquid this one and the market makers won't let you buy or sell in size once it starts moving - clearly very important if it moves against you. Tried to follow the buying in to see if sellers can be cleared here but only managed a small 2k at the 140p price point I was willing to pay.

Is it even worth a go? The buying at 140p got closed off. Now the offer is 142p and can't buy at the offer.

I can see 2023 is going to be bad and it is all about 2024 onwards:

"THE LIBERUM VIEW

Despite the short-term profits setback, Liberum Capital is sticking with its bullish stance on Hotel Chocolat, which ‘reported a strong FY22 leading to a beat on the top line and should deliver ahead of expectations on profits.

‘However, the focus will be on its strategic decision to drive greater profitability and cash generation as it focuses on its higher returning business units. This means full-year 2023 will be a transitionary period as the business will reshape accordingly and pair back investment in some of its newer ventures. Together with near-term cost inflation this will lead to some short-term forecast pain for 2023 but lays the foundation for the deliverability of circa 20% EBITDA margins within three years’.

Considering the backdrop, the broker believes management are ‘making the prudent decisions to drive profitability and cash by making less risky decisions.’"


IF these buyers have cleared the sellers (note two major insiders hold 54%), the price could pop quite quickly and the short term trade could work, even if it spikes and then eventually comes back down. IF not, then the price could flatline and an exit around 135p-140p depending on the RSP bid in the market.

In a more bullish market and without a warning, clearly it is easier to chase a price higher and be more attacking but these are treacherous times and who wants to keep getting kicked in the financial gonads?

Bulls vs Bears:

The big buyers here are clearly expecting the worst next year and happier times thereafter, which would result in a very shrewd looking move here in the longer term. The big sellers must believe the opposite and expect that things will deteriorate alot further and that HOTC does not represent value here. However, it looks like the plonkers at Jupiter (3.3% as at 30th June and no news release since) are on the register here too so there could be some forced sales at work too.

Who is right and who is wrong?

Time will tell.

Do I care who ends up right as a short term trader?

Yes. I want a demand imbalance so the bulls win in the very near term so I can lob at a higher price, preferably at least 10% from here. Beyond that, no.

Will the price actually move?

Don't be an idiot! Nothing moves higher in this market!

Should you buy?

Definitely not.


Now let's sit back and watch it do absolutely nothing.


You know when the risk-reward changes, it certainly won't take this level of buying to peek a curiosity trade.


All imo
DYOR
Posted at 11/9/2022 18:59 by halfpenny
Too Risky and can go bust after all the hype. The HOTC hotel in St Lucia some say is too Expensive like its Shares. Good value at 90p with everyone tightening their belts due to fuel cost - capped bills will still be very expensive for most and will also hit HOTC costs big time!! Staying away to return at 90p or less.. try the Milky Bar Kid?!!!
Posted at 02/8/2022 20:49 by cirlbunting1
Bull & Bear case on HOTC.

Long but detailed thread (I hope). Also has a spreadsheet attached which has numbers that go back since admission (admin done for you).

& ignore the typos if you see any!
Posted at 22/7/2022 08:19 by jnbrw
HOTC will be one of the first to be hit in the coming cost of living tsunami this winter imo.
Posted at 19/7/2022 12:10 by bulltradept
Hotel Chocolat melts in the heat
The market was spooked by warnings of a full-year loss and a new approach to international opportunities
July 19, 2022
By Christopher Akers


Revenue beats expectations
Lower growth forecast
Hotel Chocolat’s (HOTC) shares had a bitter fall on Tuesday morning, tumbling more than 40 per cent after the the premium chocolatier said it expected to make a statutory loss for the year to 26 June and revealed impairment charges and plans for international investment to be “materially reduced”.

HOTC:LSE
Hotel Chocolat Group PLC

1mth
Today change
-47.89%Price (GBP)
122.45
The trading update said that the company would be hit by non-cash impairment on £23mn of loans made to its Japan joint venture – with a possible “full impairment charge” – and £3mn of provisions will be recognised due to closed stores in the US.

International expansion plans will be scaled back, with the company funding “necessary working capital only, without making speculative investments in customer acquisition or capex”. The US market will become online and wholesale only. Management argued that the UK has a "significantly larger addressable market size" than previously thought, due to progress made with - for example - online sales and new products such as the Velvetiser hot chocolate machine.

The top line brought some relief. Revenue was up by 37 per cent to £226mn, ahead of market consensus expectations, and by 70 per cent against pre-pandemic. But the company also highlighted that there will be lower sales growth and profits in the near-term as it pivots to focus on “its most proven and lower-risk strategies” over the next few years.

Peel Hunt analysts said that plans for the US and Japan “will come as a surprise to many, and a disappointment, as these were obviously the first real steps to demonstrate that [the company] was able to become a global brand”. The broker downgraded its recommendation to hold. We do the same, on the basis of a weakened outlook and a revised business focus. Hold.

Last IC View: Buy, 440p, 3 Mar 2022
Posted at 18/2/2022 17:45 by km18
...from last year...

Company overview:
Hotel Chocolat is a manufacturer and retailer of chocolate in UK and overseas. HOTC is the one of the earliest “e-tailers”, starting their online chocolate sales back in 1993. Their first shop opened in 2004 in North London and now they have 126 venues. The company divides its market in 3 regions – United Kingdom, Europe and Rest of the World. Over the years they have been recognised with numerous medals from the Academy of Chocolate Awards. Their cocoa estate in Saint Lucia was bought with the idea to produce everything in house.
Looking at their reports, growth is organic and the balance sheet is goodwill free. The compound annual growth in revenue is 8.39% over the past 5 years. However, the operational gearing of the company did eat through the profits with the last 2 years seeing negative net income figures. To balance off the negativities, the company has negative net gearing. Last year the company did turn towards the shareholders for help and diluted the ratios.
What we are here to discuss today are the preliminary results – which look very promising. To begin with, revenue has increased by 21% to £164.6m, just in line with what we see in Stockopedia forecast. The fascinating thing is that they have managed to do it with stores closed for nearly half of the period, which was nicely balanced by online sales. Statutory (what we would use as they have an exceptional non-cash impairment of £2.3m) profit after tax is at £5.7m. Net cash position at 26 September was of £15.8m. Basic EPS are at 4.5p, compared to the loss of 6.3 last year. During the period the company has managed to grow the Japan joint venture, which is now trading from 27 stores and 70% of the group revenue came from digital. Outlook is positive, with economy now running more smoothly and shops being open again....

...from WealthOracleAM

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