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Coffee Heaven - A heavenly share for penny punters ? (COH)
overgrowth
- 06 Oct 2003 22:47
 A
busy day in the Warsaw Underground ! |
Not just another coffee shop chain - this one is a brand leader and is only trading in Eastern/Central Europe (i.e. the countries recently admitted to the EU destined for substantial business growth). The company is creating new outlets at a fair old pace and take a look at their website - these are quality stores in high-profile locations like major airports, railway stations etc. Website: http://www.coffeeheaven.eu.com |
|
APRIL 2006 TRADING UPDATE!!! Total Gross Revenues for 12 months to 31st March up 66% to £6.3M (2005: £3.8M) Lots more info. on new markets and stores click here to read the full details. Stores: 43 (up from 32) stores currently trading (Poland: 30 (up from 23), Czech Republic: 6 (Up from 2), Latvia: 7 with a further 5 units under construction including Bulgaria and sites secured in Romania (subject contract). Bulgaria & Romania are seeking to join the EU from January 2007. Sites located in key high street, shopping malls or Airport locations. Company growth target: increase number of units by at least 20 units to some 63 units by 31 March 2007. Aim being to achieve this level of growth within present Cash resources.Cash balances at 31 March 2006 were approximately £2.9M (2005: £0.7M). Debt was nil (2005: £ 2.5M): Nil Debt! Positive EBITDA: For the year ending 31 March 2006, Group EBITDA expected to be firmly positive after charging UK and new market development costs but before exceptional costs relating to the cancellation of bonds (previous Debt). Forecasts: Based on present trading conditions and current exchange rates we anticipate indicative sales of £9.3M for the year to 31 March 2007. This includes indicative sales of £0.4M from Bulgaria, which will be reported but not consolidated. From Richard Worthington (Chairman and Chief Executive): ‘The new financial year has started well. There is no doubt that the significant economic improvement in our markets is feeding through to consumer confidence and spending. The strength of the coffeeheaven brand ensures we are ideally positioned to benefit from our customers' increasing prosperity.’ |
David10B
- 13 Jun 2007 17:08
- 1336 of 2037
now now now dont get excited you may swallow your dummy.
More sells than buys and the trend remains down, you would be daft to pay 33p for something worth 6p.
I expect MLR may well fall down to the new issue price of 10p. I dont think it will somehow, but if it does I will be a big buyer then.
The trend for MLR although VERY dissapointingly, emphemerally down will soon turn, I have every confidence
CFE well if you know your stuff these RNS notices have this effect untill things stable and confidence retruns---the trend here is up also.
Have a great night and try some honey on your dummy, you may have a completely invigourated outlook in the morning.
More sells than buys and the trend remains down, you would be daft to pay 33p for something worth 6p.
I expect MLR may well fall down to the new issue price of 10p. I dont think it will somehow, but if it does I will be a big buyer then.
The trend for MLR although VERY dissapointingly, emphemerally down will soon turn, I have every confidence
CFE well if you know your stuff these RNS notices have this effect untill things stable and confidence retruns---the trend here is up also.
Have a great night and try some honey on your dummy, you may have a completely invigourated outlook in the morning.
AdieH
- 13 Jun 2007 17:40
- 1337 of 2037
Slightly blinkered because u own MLR & CFE, the trend for COH is not down, take a look at the charts, shares don't go up in straight lines... You can see why CFE is down its a reaction to the RNS, there was no reason for the fall in COH and the overall trend is up... Can't comment on MLR as don't have any interest there. You really should take a wider view and not be so influenced with your beef with RW and BKE...
Thats it from me as sp will do the talking for me but you are very blinkered when it comes to COH...
Thats it from me as sp will do the talking for me but you are very blinkered when it comes to COH...
David10B
- 13 Jun 2007 18:12
- 1338 of 2037
Dear AdieH try it this way then, sort of from one blinkered view to another.
The trend for COH is down becuase it fell down with a bang with nothing, as is ovious with NAV of around 6p to hold it up.
CFE fell specifially because of an ill timed cash call and will bounce back..
I have no interest in BKE nor did hve nor would want to.
While Mr Worthington keep leaving his shareholders to suffer while he dumps stock at theri highs I will always have a limite view of all he touches.
MLR HAS PROVEN TO BE A SHORT TERM DISAPPONTMENT I AM AN OPEN ENOUGH PERSON TO ADMITT THAT AND NOT DEFEND A DEFENSELESS POSITION.
However the trend is clearly up as buys out weight sells and this is just a market adjustment, or MMs ripping off the small shareholder---nothing new there!
The trend for COH is down becuase it fell down with a bang with nothing, as is ovious with NAV of around 6p to hold it up.
CFE fell specifially because of an ill timed cash call and will bounce back..
I have no interest in BKE nor did hve nor would want to.
While Mr Worthington keep leaving his shareholders to suffer while he dumps stock at theri highs I will always have a limite view of all he touches.
MLR HAS PROVEN TO BE A SHORT TERM DISAPPONTMENT I AM AN OPEN ENOUGH PERSON TO ADMITT THAT AND NOT DEFEND A DEFENSELESS POSITION.
However the trend is clearly up as buys out weight sells and this is just a market adjustment, or MMs ripping off the small shareholder---nothing new there!
cynic
- 13 Jun 2007 18:15
- 1339 of 2037
ADIE .... while 200 dma is still on an upward trend, sp has fallen through it both significantly and for longer than could be called a blip ..... to my mind, that far outweighs anything else - not that i would buy this stock anyway
David10B
- 13 Jun 2007 19:16
- 1340 of 2037
HI CYNIC I am not a chartist although its never too late to learn, prefering, as I do, Fundamental Analsys
What does the above all mean please as we both seem to have arrived at the same conclusion and it, frankly, intrigues me.
What does the above all mean please as we both seem to have arrived at the same conclusion and it, frankly, intrigues me.
bmw325 - 13 Jun 2007 19:21 - 1341 of 2037
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
cynic
- 13 Jun 2007 20:04
- 1342 of 2037
10B - if you look at the chart above, it should be self-explanatory - red = 25 dma, green = 50 dma and black = 200 dma ..... dma = daily moving average .... let me know if you need any more explanation
bmw325 - 13 Jun 2007 20:11 - 1343 of 2037
You can have all the charts and graphs in the world, but at the end of the day the only real reason that the SP goes up or down is..."NEWS".
cynic
- 13 Jun 2007 20:27
- 1344 of 2037
WRONG! ..... it's actually supply and demand - aka market forces ...... however, because there are so many followers of charts, including computer programmes, they have an arguably unwarranted though actual effect on the direction of sp
bmw325 - 13 Jun 2007 20:36 - 1345 of 2037
CRAP!...ABSOLUTE CRAP!
NEWS MOVES THE SP.
NEWS MOVES THE SP.
cynic
- 13 Jun 2007 20:59
- 1346 of 2037
fine ..... no need to keep shouting ... you take your view; i take mine, though of course news ALSO affects sp - i.e. increases interest and thus supply/demand
micky468 - 13 Jun 2007 21:10 - 1347 of 2037
they are both one.......... with out news there is no supply/demand with out supply/demand the is no need for news so in fact your both right.
MERVILLE - 13 Jun 2007 21:26 - 1348 of 2037
BMW 325..... your posting is basically *****, I didn't read any news on COH today and yet the sp rose why was that then *******. Also why is it that anyone who dares to write any negitive comments are denounced by you or your boyfriend Adie H as " the disbelievers, burn em " everyone should be allowed to view their own opinions with having to your morose replies thrown back at them, GET A LIFE!!!!
bmw325 - 13 Jun 2007 21:33 - 1349 of 2037
MERVE
There was some news recently which rightly or wrongly sent the SP downwards and what is happening at the moment is a normal progression as punters believe it has been oversold and are bying back in, but at the end of the day it was NEWS that started the ball rolling.
There was some news recently which rightly or wrongly sent the SP downwards and what is happening at the moment is a normal progression as punters believe it has been oversold and are bying back in, but at the end of the day it was NEWS that started the ball rolling.
AdieH
- 13 Jun 2007 22:08
- 1350 of 2037
Please keep the personal abuse to yourself Merville.
Are there any actual Chartists that post here and can they give a definitive answer to the question... Yes news drives sp of course it does and without news I have no doubt COH will slide a little but the fundamentals have not changed - the company is gearing up for the next stage of growth if it does not deliver then maybe the sp will drop but my belief is it will deliver and my prediction of 1.00 will be here sooner rather than later... and Davids prediction of 6p well what can I say last three days have been blue... SP to do the talking...
Are there any actual Chartists that post here and can they give a definitive answer to the question... Yes news drives sp of course it does and without news I have no doubt COH will slide a little but the fundamentals have not changed - the company is gearing up for the next stage of growth if it does not deliver then maybe the sp will drop but my belief is it will deliver and my prediction of 1.00 will be here sooner rather than later... and Davids prediction of 6p well what can I say last three days have been blue... SP to do the talking...
MERVILLE - 13 Jun 2007 22:57 - 1351 of 2037
AdieH so sorry , are you an advocator of personal abuse or a practitioner,
I can't see any reason for believing that the share price can move towards 1.00 on the current results, many people have made a good profit on COH sold and moved on, with Starbucks entering the stage they will need more then prime sites to survive, Starbucks is like a cancer speading throughout the world and will no doubt outsell COH. the next few years will be difficult for COH and just because Fund Managers have piled in does not mean 100% returns as many got their fingers burnt with EVS for example. I personally bought COH at 1.42 before the 1:10 and sold mid 40's I hope that COH does indeed progress to your predicted level as it has been good to me but I just can't see it, and as for David 10B's prediction, I agree is just plain nonsense and believe its him just winding you up.
I can't see any reason for believing that the share price can move towards 1.00 on the current results, many people have made a good profit on COH sold and moved on, with Starbucks entering the stage they will need more then prime sites to survive, Starbucks is like a cancer speading throughout the world and will no doubt outsell COH. the next few years will be difficult for COH and just because Fund Managers have piled in does not mean 100% returns as many got their fingers burnt with EVS for example. I personally bought COH at 1.42 before the 1:10 and sold mid 40's I hope that COH does indeed progress to your predicted level as it has been good to me but I just can't see it, and as for David 10B's prediction, I agree is just plain nonsense and believe its him just winding you up.
bmw325 - 13 Jun 2007 23:21 - 1352 of 2037
I predict that Starbucks will buyout COH...
IanT(MoneyAM)
- 14 Jun 2007 07:10
- 1353 of 2037
Merville,
Stick to the discussion, do not resort to personal abuse.
Gents,
This has rolled on for some time now, basically the same discussion day in day out. As I have stated elsewhere, both negative and positive comment and discussion based around that is fine, but personal abuse from ANY side will not be tolerated. Lets move on now.
Ian
Stick to the discussion, do not resort to personal abuse.
Gents,
This has rolled on for some time now, basically the same discussion day in day out. As I have stated elsewhere, both negative and positive comment and discussion based around that is fine, but personal abuse from ANY side will not be tolerated. Lets move on now.
Ian
trigger45 - 14 Jun 2007 07:13 - 1354 of 2037
This is RW's comment on the Starbucks news:-
"We have of course been aware of this for sometime and have planned accordingly. The only surprise why it has taken SB so long to come to CE and the size of the royalties Amrest is paying to SB at 6% - we had expected 5%. That's a huge burden for any business to carry given the margins.
As usually the likely winners out of this will be Starbucks with the franchisee carrying all the risk. Amrest are developing a number of brands like KFC/Pizza Hut as well as their own brands all in several CE markets. A lot of plates to keeping spinning with conflicting demands for capital.
What is important to us is that this is not SB but an SB franchise. In CE we believe that is a critically important difference for many reasons. As we have said many times we do not believe franchising is the correct business model for coffeeheaven in CE today.
In essence nothing changes for coffeeheaven. Most likely SB's entry will expand CE market growth and as sector market leader in CE coffeeheaven will be the biggest beneficiary.
Sincerely
Richard Worthington"
Thanks to Pedro Jack for the above post.
I'm not dismissing your view MERVILLE, but I take the view of the chaiman on this one at this stage.
FWIW I think this is the most important year in COH's history.
Well done on making a profit.
"We have of course been aware of this for sometime and have planned accordingly. The only surprise why it has taken SB so long to come to CE and the size of the royalties Amrest is paying to SB at 6% - we had expected 5%. That's a huge burden for any business to carry given the margins.
As usually the likely winners out of this will be Starbucks with the franchisee carrying all the risk. Amrest are developing a number of brands like KFC/Pizza Hut as well as their own brands all in several CE markets. A lot of plates to keeping spinning with conflicting demands for capital.
What is important to us is that this is not SB but an SB franchise. In CE we believe that is a critically important difference for many reasons. As we have said many times we do not believe franchising is the correct business model for coffeeheaven in CE today.
In essence nothing changes for coffeeheaven. Most likely SB's entry will expand CE market growth and as sector market leader in CE coffeeheaven will be the biggest beneficiary.
Sincerely
Richard Worthington"
Thanks to Pedro Jack for the above post.
I'm not dismissing your view MERVILLE, but I take the view of the chaiman on this one at this stage.
FWIW I think this is the most important year in COH's history.
Well done on making a profit.
David10B
- 14 Jun 2007 08:20
- 1355 of 2037
Good morning chaps, some interesting posts!
Howevere there is never the need for incivility, if you want that please get yourselves of to Iraq or Gaza.
I DISAGREE WITH MR WORTHINGON WHO I FEEL HAS MISSED THE BOAT------FRANCHISING IS THE WAY TO GO.
Big Mac. KFC, BURGER KING, ETC. ETC.
Howevere there is never the need for incivility, if you want that please get yourselves of to Iraq or Gaza.
I DISAGREE WITH MR WORTHINGON WHO I FEEL HAS MISSED THE BOAT------FRANCHISING IS THE WAY TO GO.
Big Mac. KFC, BURGER KING, ETC. ETC.
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