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Coffee Heaven - A heavenly share for penny punters ? (COH)     

overgrowth - 06 Oct 2003 22:47

underground01_2.jpgA 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.’

Chart.aspx?Provider=Intra&Code=COH&Size=Chart.aspx?Provider=EODIntra&Code=COH&Si

beemer2 - 28 Jun 2007 10:06 - 1406 of 2037

AdieH

Beginning to look very intersting on BKE...

David10B - 28 Jun 2007 10:10 - 1407 of 2037

It may well hit 40p or go even higher!

I wish it would as it will allow those stuck in at 50p to get out.

Unless COH comes in with a massive upturn in NETT profits, my position on the company remains the same, ie at today's prices you will be paying 39p for something worth around 6p.

If you and others are happy to do that then good luck to you all.

If you want a dog share with a slim chance of recovery which could go bust or up, buy a few LNX at least here you can see the bang coming if it comes.

AdieH - 28 Jun 2007 10:29 - 1408 of 2037

I will have a look... .75p up today on COH and some nice buys going through looks like 40p maybe here this week. Regards.

David10B - 28 Jun 2007 10:34 - 1409 of 2037

But dont forget that even though I have a fair slab of LNX I will be the first to openly critiscise the company, and its new CHAIRMAN IT THEY DONT DO WHATS BEST FOR THE SHAREHOLDERS----AS THIS IS ONE FOR THE VERY BRAVE WHO LIKE TO ODD RISK..

beemer2 - 28 Jun 2007 16:27 - 1410 of 2037

Tenby

Anybody who takes you seriously needs their heads examined.

David10B - 28 Jun 2007 16:45 - 1411 of 2037

More fingers to be burnt I see.

beemer2 - 28 Jun 2007 16:49 - 1412 of 2037

Tenby

The only fingers getting burnt are yours...LOL.

beemer2 - 28 Jun 2007 16:51 - 1413 of 2037

50p+ now on the horizon.

Announcement from the company weeks away.

David10B - 28 Jun 2007 17:22 - 1414 of 2037

still does not alter the fact that you would be paying the price for something worth 6p----and if the going gets tough will the CEO sell out to line his pockets as he did before.

Answer me that one if you can?

beemer2 - 28 Jun 2007 17:59 - 1415 of 2037

Tenby

Time to wise up and take your head out of the sand.

Massive buys just before announcements means lots of BLUE.

proteus - 28 Jun 2007 18:05 - 1416 of 2037

AdieH,

I came on to this board as part of my review of COH. Whilst I like to hear both sides of the discussion I could not see 10B's logic and hence joined the debate in order to find out why he felt COH to be a poor investment.It soon became clear that this was a crusade on his part and nothing to do with the fundamentals of the shares value.His logic is completely flawed and I persisted in order to expose this to other readers who may not have carried out their own research.
I have also had him checked out and there is a lot of evidence that he is a most unpleasant person in general.
I could have continued further after exposing him as financially illiterate onto his other 'characteristics' but why bother.
As you will have seen I have not posted for some time and was waiting to see if Money AM were prepared to remove him from their site as you say others have done.This has not happened and I will not be spending much time if any on Money AM in future. It has also prompted me to cancel my weekly newsagent order for SHARES magazine their sister publication .
Good luck with your holding I see no major problems on a 2,3 year horizon baring general market blues.RW has done a very good job so far.

Goodbye and may you not come across too many 10B's on your journey through the boards.


Proteus

David10B - 28 Jun 2007 18:22 - 1417 of 2037

In other words we rampers must stick together.

Far from what you claim I am a very pleasant person who does not like to see people getting ripped off.

If you think you know different please post it and dont talk about it.

I HAVE HAD THIS NONSENSE PREVIOUSLY WHEN I EXPOSED WIGGINS AS DID A NUMBER OF OTHERS IN OUR GROUP, BUT WE WERE PROVED RIGHT IN THE END---AS I WILL BE HERE WITH COH.

TO DATE THE ONLY TO CALL IT RIGHT WTHOUT PERSONAL INSULTS!

MY LOGIC IS QUITE SIMPLE IF YOU ARE GOING TO BUY 6P OF VALUE THEN AT LEAST BE AWARE OF IT.

AdieH - 28 Jun 2007 19:28 - 1418 of 2037

Cheers proteus, it is a real shame that people like David can ruin what was an excellent board before. I have stated what my agenda is and can back it up with the correspondance i've had with Richard (which I share), my attending of AGM's and lastly my visit to a couple of stores in Prague. Yes i'm positive on COH and I would say 90% of people that frequent these boards actually do hold shares to make a profit... David is just a spiteful and quite nasty person from his postings here, he seeks to be idolised but by whom I don't know... Anyway good luck proteus and it is and it is nice to see someone with principles (cancelling your subscription to Shares mag, I do hope Ian is watching). Regards.

beemer2 - 29 Jun 2007 08:39 - 1419 of 2037

TAKEOVER TALK IN THE TELEGRAPH THIS MORNING

trigger45 - 29 Jun 2007 08:44 - 1420 of 2037

Another nice tick up on early trading with very little volume. Hope you reconsider Proteus as it saddens me to see someone leave in these circumstances.

I'm not going to get drawn into all this again but David no matter how he responds is letting himself down venting his anger day after day on this thread.

His views would be so more appropriate on the Don Millars or BKE threads as there must be many more people who feel the same when you consider the amount of emails David has said he has received.

The amount of pointless posts that have appeared since David arrived must have put alot of potential investors off, but I do urge anyone who has an interest in this one to take a look at the website http://www.coffeeheaven.eu/intro.html and decide for themselves.

I'm still learning, but the information they give shareholders is second to none.

There are no guarentees in this game, DYOR, but this little company has a chance. Most of us on here who are positive had made substancial gains and feel there is more to come.

David10B - 29 Jun 2007 09:14 - 1421 of 2037

Good Morning Gentlemen.

Nice to see COH moving up and giving some the chance to get their money back.

So its a take over tip that driving it, is it.

Now this will be the testing time.

REMEMBER NOW CHAPS THAT IS WAS Mr WORTHIGTON PUBLICLY STATED THAT COH WAS NOT FOR SALE.

REMEMBER NOW CHAPS THAT ANY TAKE OVER COULD BE TO DOUBLED EDGED SWORD AS THEY WOULD HAVE TO MAKE A VALUATION.

REMEMBER ALSO COH HAS YET TO MAKE DECENT "NETT" MONEY.

SO AGAINST THE ODDS----YET AGAIN--- I AM SAYING THIS PRICE RISE IS ALL HYPE AND THE SP WILL FALL BACK.

Meanwhile good luck to you all especially those who take the money while its there.

beemer2 - 29 Jun 2007 09:17 - 1422 of 2037

Tenby

You won't be making any money...that the main thing.

LOLOLOL

David10B - 29 Jun 2007 09:30 - 1423 of 2037

TAKE CARE AT THESE LEVELS.

FOR THE EXPERIENCED AMONGST US WILL RECALL WHAN HAPPENED ON THE FALSE TESCO RUMOUR

trigger45 - 29 Jun 2007 09:32 - 1424 of 2037

For all your aguements against RW and secondly COH being worth 6p, most holders that bought at the right time continue to see their investment grow.

trigger45 - 29 Jun 2007 09:35 - 1425 of 2037

One final word David. I'm sitting on a nice 137.8% profit on my investment with COH, so even as angry as you are with RW, you can see why I don't warm to your arguement.
Have a nice day. Off to bed.
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