Introduction

Hot Tuna (International) PLC (AIM: HTT) owns the rights to the Hot Tuna brand, a progenitor of global youth fashion and one of the oldest and most iconic names in action sports, born in Australia with a heritage of authentic surf culture.

With its financial headquarters in London, Hot Tuna operates its design, manufacturing, production, marketing and distribution in downtown Los Angeles, California and also maintains wholly owned operations in Sydney, Australia.

Company History

Hot Tuna was born in Australia in the summer of 1969 to serve the demands of sojourning surfers, the product of a dedicated surfer�s passion fueled by the skill of his fashion designer wife. Spreading on the bodies and boards of watermen through coastal locales in the South Pacific, the brand quickly burgeoned globally, becoming an influential leader in the nascent surf industry and one of the progenitors of the neon era of surf in the '80s. Through the brand�s storied history, a long list of notables, in and out of the water, have waved the Hot Tuna banner at one time or another in their careers, including pro surfers such as Richie Lovett, Robbie Page, Beau Emerton and Drew Courtney.

In September 2005, Hot Tuna (International) PLC purchased the Hot Tuna brand from a consortium of investors and listed it on AIM, a division of the London Stock Exchange.

In the interest of managing its brand profile and distribution globally, the public Company began a rapid acquisition of its licensed interests around the world. Talented designers and key management with apparel business expertise from Quiksilver, O�Neill, Ocean Pacific, Rip Curl and Perry Ellis International, among others, were recruited to drive the process in the key markets of the United States, Australia and the United Kingdom. In July 2006, entrepreneur and fashion icon Elle Macpherson, who grew-up with the brand in Australia, was appointed as an executive director of Hot Tuna (International) PLC, her interests focused on design and distribution issues, as well as overall youth fashion and market insight.

Shares Issued 2,208.28m



Major Shareholders

As at 28 April 2011 the Company has been notified of the following interests of 3% or more in the issued ordinary share capital of the Company:

No of shares

% Holding

XCAP NOMINEES LIMITED A/C NOMINEE

275,500,000

12.31%

CHASE NOMINEES LIMITED A/C ARTEMIS

275,000,017

12.29%

BARCLAYSHARE NOMINEES LIMITED

155,953,121

6.97%

PUMA NOMINEES LIMITED A/C SMPRINC

130,869,476

5.85%

XCAP NOMINEES LIMITED A/C PRINMARK

112,500,000

5.03%

TD WATERHOUSE NOMINEES (EUROPE) LIMITED A/C SMKTNOMS

109,159,849

4.88%

HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED A/C 985770

82,733,333

3.70%

HSDL NOMINEES LIMITED

81,143,261

3.63%

CREDIT AGRICOLE CHEUVREUX INTERNATIONAL LIMITED A/C 3439

73,401,667

3.28%


http://www.hottunaplc.com/


"

Saying that I saw some of there stuff on sale somewhere recently for the first time , possibly mandmdirect so maybe they are getting their act together.

Yes Dil you are missing something..... as I said in my last post they have had a crap time, NOW under new management and as you put it seem to be getting their Act together ...... summer season increased nearly fourfold. !!!!!!!!!!!!!!!!!!

2 July 2008

Hot Tuna PLC

('Hot Tuna' or 'the Group')

Hot Tuna Developments


Hot Tuna PLC, a leading surf wear and fashion brand, provides a further update on developments within the company.

The company is delighted to announce the opening in August of its first European standalone, flagship store in Shoreditch, London. The store, which will be located alongside other independent boutiques, will stock the new and revamped collections which have helped drive record sales recently as reported in our trading update on 29 May 2008.

As part of the ongoing cost-cutting programme, the European showroom will operate from the second floor of this new store - thus eliminating the need for the expensive St John's Wood location.

This new store is in addition to the Los Angeles store that opened in May, connected to the new showroom in the Cooper Building downtown.

The designers in London and LA are successfully blending beach and fashion, using designs that evoke the same relaxed and countercultural spirit Hot Tuna embodied in its original form back in 1969.

Given the success of these new collections, the following stores - across the world, have been shipped for Spring / Summer 2008:

Fred Segal, Los Angeles

Patricia Fields, New York

House of Fraser, UK

El Corte Ingles, Spain

David Jones and Myers, Australia


This is in addition to over 250 independent boutiques across the US, UK, UAE, Germany, Spain and Australia.


The Company will be showcasing the new Spring 2009 collections at the Bread and Butter show in Barcelona this week.




- Ends -

All sounds good to me ajcc .... I still think this Could tic up in Time.. Once New management get sorted they do seem to be at least keeping the market/Investors informed ! :) also I found out Hot Tuna International PLC purchased the Hot Tuna brand from Frontier International (Holdings) Pty Ltd, listed on AIM in September 2005, and has since started to aggressively market the brand and reinvigorate the business. The Company now owns all intellectual property rights to its name and related iconography, and has put in place key management drawn from the executive ranks of Quiksilver, ONeill and Ocean Pacific, among others.

: )

yep Smiler i totally agree..... Was a poor company but the guys heading it up now have a strong background in turning companies around (hence their last trading update...) I am in and will sit tight for a couple of years - i believe this is going to rise like a Phoenix. Retail has had a poor time of it and will continue to do so for a while but i am a contrarian and think this looks like it has stonking potential from here. C'mon management onwards and upwards!

Lets Hope So !! :)

Small tic up today ajcc, still I am happy to be in this at 1.88 one to watch !!

05 September 2008

The Board of Hot Tuna (International) PLC, a leading surf wear and fashion brand, are pleased to announce that it has placed 26,250,000 new ordinary shares at a price of 2p per share ('Placing Shares') with new and existing shareholders (the 'Placing'). Application will be made for the 26,250,000 new ordinary shares to be admitted to trading on AIM and dealings are expected to commence on 12 September 2008.

The Placing proceeds of 525,000 (before expenses) will allow the Company to service its growing order book of surf apparel for stores in Europe, America and Australia.

Hot Tuna continues to expand into the fashion retail segment through its focus on better designs and fabrications, while still catering for its core branded surf-retailers, with its iconic, logo-driven offerings.

A leading UK department store has increased Hot Tuna from 5 stores for Spring 2008 to 45 stores for Spring 2009, based on previous factual sales-numbers, that were higher than well known surf brands.

On the back of Hot Tuna's initial success in securing orders from key fashion retailers in the US such as Fred Segal and Patricia Fields, major US department-store chain Delia's have placed orders for Spring 2009. The Directors are confident that the re-branding exercise that has occurred over the last 12 months will begin to pay dividends in the US for Spring 2009.

New distributors have been secured for Portugal, Scandinavia, Holland, Peru and negotiations are ongoing for Mexico, Japan, Chile, Brazil, Argentina and Canada.

The Company continues to look for a suitable standalone store in the UK in order to further expand its offering.

Niels Juul, CEO of Hot Tuna (International) PLC, said: "This has been an exciting but by no means easy year. After substantial cost-cutting and other essential company restructuring measures, we now have a manageable, cost-effective and productive staff that have created fantastic new product. There is no short-cut to good, original design and a sourcing structure that will bring quality product to market and keep margins in good order. To accomplish this with dramatically reduced overheads and general costs, we now know we do have the ability to make Hot Tuna the global brand that we are aiming for. More work remains to be done, but over the last three months we have seen great evidence that we are on the right track."



GOOD NEWS !! Personally looks quite encouraging to me : )

reads to me like a typical small niche fashion company in deepest poo!

seconded

thirded.

And to think Cornhlil offered this to me at 50p!

They kept ringing me, even though I said I was a resource investor, and negative on retail, so i figured they were desperate, and we can now see why.

I ever did any business with them after that!

try dealing with Waterhouse if you really want to get ripped off ...... they even charge you for shutting down your account!

Well I thinks you could be wrong !...... Its No secret that this Company has Had a torrid Few years under old management which saw SP drop from 60p to current 2p But since the New management (David Lenigas and Von Dutch Niels Anders Juul ) They do seem to be making way !!! I got in @ 1.8 and with good progress to 3/4p I would have done well ; ) we will see in Time !!!

agree smiler - things firming up here with some new blood at the helm with a proven track record. Not a quick buck to be had here but give it 2 years or so.

... and it'll be bust.

we'll see Dil.

fully concur Dil ..... high street + tiny niche market and a clearly spun rns .... yuk!

RNS Number : 5172E
Hot Tuna (International) plc
22 December 2009



22 December 2009

Hot Tuna (International PLC

("Hot Tuna" or "the Group")




Final Results for the year ended 30 June 2009




Hot Tuna (International) PLC (AIM: HTT), a leading surf wear and fashion brand, announces its final results for the year ended 30 June 2009. The Accounts and Notice of AGM have been posted to shareholders. Copies may be obtained during normal office hours from the Company's registered office, Level 5, 22 Arlington Street, London, SW1A 1RD or from the company's website: www.hottunaplc.com.

The Annual General Meeting will take place on 18 January 2010 at 11.00 am at Level 5, 22 Arlington Street, London SW1A 1RD

Highlights

Revenue increase 1.6% to 1,144,000 (2008: 1,126,000)

Gross profit of 248,000 (2008: loss 27,000)

Raised 860,000 during the year by issuing 283 million new shares

UK & EU sales up 33% on last year

Strong growth of the children's range in Australia

Children's range to be rolled out into the UK & Europe in 2010

Interest from new markets which may result in new distributor agreements

Geoff O' Connell appointed to the board in May 2009

Commenting on the results, Geoff O'Connell, CEO, said "Although over the past year the retail trading environment was challenging, we have worked hard to simplify the corporate structure and reduce our
operating costs. This has resulted in a more streamlined and higher margin business.




We are excited about the new collection, which has seen a real return to the heritage of the brand, and strong focus on the iconic piranha logo. The range has been well received by customers in all regions, particularly the southern hemisphere, and we are confident that the combination of delivering the right product, to the right buyers across all our territories will continue to deliver solid revenue growth.




We are positive about the outlook for 2010 and go forward confidently."

Hot Tuna in profit
Business Financial Newswire
Surfwear firm Hot Tuna said sales rose 1.6% to 1.14m in the year to end-June (2008: 1.12m) and it saw a gross profit of 248,000, compared to a loss of 27,000 the prior year.

UK & EU sales rose 33% in the year.

The company reported strong growth of the children's range in Australia and said the children's range will be rolled out into the UK & Europe in 2010.

Interest from new markets which may result in new distributor agreements.

Geoff O'Connell, CEO, said: "Although over the past year the retail trading environment was challenging, we have worked hard to simplify the corporate structure and reduce our operating costs. This has resulted in a more streamlined and higher margin business.

"We are excited about the new collection, which has seen a real return to the heritage of the brand, and strong focus on the iconic piranha logo. The range has been well received by customers in all regions, particularly the southern hemisphere, and we are confident that the combination of delivering the right product, to the right buyers across all our territories will continue to deliver solid revenue growth.

"We are positive about the outlook for 2010 and go forward confidently."

....My wife subscribed to the refinancing of Hot Tuna (HTT) a few months ago and yesterday it reported. To my mild surprise, it has not gone bust. It might even pull itself up by its own boot strings. Particularly if Hot Tuna continues to sport the slinky model featured in today's Daily Mail. Please could swimwear/beachwear persons let this column know how Hot Tuna is coming along. Also, I want to be correctly dressed when I take up the invitation received yesterday for me and my wife to go to Barbados in a few weeks' time, first class and all expenses paid. It couldn't happen to a nicer couple. However, I insist on a being a la mode...

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