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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

David10B - 05 Jul 2007 10:39 - 1626 of 2037

It makes me laugh it really does---where are the rampers now.

Come on BMW and Adieh------where are you chaps now?

I wonder who really does not know what they are talking about.

David10B - 05 Jul 2007 12:03 - 1627 of 2037

I guess the market must be working out if indeed Snack Attack saved COH.

It really is a pity that AdieH can tait ta tait with Mr Worthington about all and sundry, but not on the important issues.

Dont you think we shoud have had an RNS by now chaps?

Have a really great day.

David10B - 05 Jul 2007 13:33 - 1628 of 2037

I note yet another fall the bid standing, as it now does, at 40p.

It wont be long before we are seeing the 30p mark.

I wonder where the rampers are now?

Please nopte that on this thread that-----I HAVE BEEN THE ONLY ONE TO CONSISTENTLY CALL THIS SHARE RIGHT, DESPITE THE INSULTS AND RUDENESS FROM THOSE WITH A VESTED INTEREST.

I WAGER ONE THING, THAT THOSE BUYERS OVER THE LAST WEEK ARE NOW WISHING THAT THEY HAD LISTENED TO MY SENSE AND UNDERSTANDING OF DOG SHARES......BUT THEN ITS A BIG BOYS GAME AND THHERE ARE ALWAYS THOSE WHO THINK THEY NOW BETTER AND HURL INSULTS TO TRY AND PROVE IT.

Have a really nice day.

jammyjimmy - 05 Jul 2007 15:08 - 1629 of 2037

"Now where's that village phone number?" ........"They must want their idiot back by now"

AdieH - 05 Jul 2007 15:45 - 1630 of 2037

Heard from RW and basically it is an unsubstantiated article that COH are aware of but don't seem to have contributed too... Basically the points raised by various posters about joint venture doesn't actually sit with what COH are rolling out... make of that what you will... Just noticed another large buy at 41p going through seems like whoever is stake building is continuing to do so... Regards.

beemer2 - 05 Jul 2007 15:51 - 1631 of 2037

AH

Thanks for updating us...yep, somebody still stakebuilding.

David10B - 05 Jul 2007 16:11 - 1632 of 2037

Oh Gawd help them please, this really is a pathetic attempt at flogging a dead horse.

Stake building, my foot--you have according to ADVFN, 101470 buys, although a 100000 of are listed as a broker correction, so in reality it could be anything, and then you have 283166 sells.

If this is stake building it hat eating time.

AdieH get real please you are looking rather dumb.

Come on Adieh you claim to hve "asked Richard" then why does not "Richard" answer you in a clearly defined RNS form what the score is!

Something does not sit right here--brace yourselves for some not so welcomed news.

Bye the way the lamb cutlets were devine:

Have a really nice day, mine gets better all time

David10B - 05 Jul 2007 16:41 - 1633 of 2037

All the stakebuilders, and their little stakebuilders, must really be happy today, as they can stakebuild a lot cheaper at the end of the day than they could stakebuild at the start.

And always remember that contented stakebuilders tend to pay more when stakebuilding.

David10B - 05 Jul 2007 18:26 - 1634 of 2037

With no prompt RNS yet again, please exercise great caution with this company, it has very little real value and this fact may soon be realised.

This is one of the reason why RHPS rated it a HIGH RISK.

beemer2 - 05 Jul 2007 20:01 - 1635 of 2037

The next RNS will probably be the trading update.

THEN WATCH IT ROCKET NORTH.

cynic - 05 Jul 2007 20:34 - 1636 of 2037

but first wait for the trading update!

cynic - 05 Jul 2007 20:34 - 1637 of 2037

.

beemer2 - 05 Jul 2007 20:44 - 1638 of 2037

cynic

I thought that is what I said..

David10B - 05 Jul 2007 21:15 - 1639 of 2037

IT WONT THE TREND IS DOWN--SURELY YOU CAN SEE THAT?

beemer2 - 05 Jul 2007 22:29 - 1640 of 2037

cynic

The resident muppet bet me 10K back in June that COH will never return to 40p...as always he was wrong, therefore my next prediction will be 50p+ within the coming months.

ptholden - 05 Jul 2007 22:31 - 1641 of 2037

You should have taken the bet, although I doubt you would ever have collected!

beemer2 - 05 Jul 2007 22:32 - 1642 of 2037

pth

It was just bluster....

jammyjimmy - 06 Jul 2007 07:12 - 1643 of 2037

TRADING STATEMENT, AS PREDICTED!!

Coffeeheaven International PLC
06 July 2007


coffeeheaven international plc
('coffeeheaven international' or 'the Company')


Implementation of Employee Share Ownership Trust, Market Development and Current
Trading





Employee Share Ownership Trust



As part of the Board's desire to broaden share ownership amongst coffeeheaven's
store personnel, the Group has introduced a company wide employee share
ownership scheme that will benefit 50% or more of coffeeheaven's employees (the
'Share Scheme').



In respect of this the Company has issued and allotted, subject to admission,
900,000 new ordinary shares to Capita Trustees Limited, the trustee of the share
scheme, at a price of 1 pence per share. The new ordinary shares will rank pari
passu with the existing ordinary shares of the Company. Application has been
made to the London Stock Exchange for the new Ordinary Shares to be admitted to
trading on AIM ('Admission'). It is expected that Admission will take place at
8.00am on 11 July 2007. Following Admission the total number of ordinary shares
in issue will be 117,278,346.



Market Development



Bulgaria



As of 1 June 2007, the Group increased its equity interest in CHI Bulgaria OOD
from 19% to 100%. The consideration was not material.



Romania



The Group has agreed, subject to contract, to increase its equity interest in
CHIR Cafe S.R.L. from 19% to 85% for a nominal consideration. A number of sites
are under negotiation and one has been contracted. The first coffeeheaven store
is expected to open in Bucharest during the current financial year.



Hungary



A number of sites are under negotiation and the Group expects to open the first
coffeeheaven store in Budapest before the end of the current financial year.



Current Trading



Trading results for the first 3 months of the current financial year to 31 March
2008 are as follows:





Group like- for-like Q1 sales growth +21%.
Total store net sales up 59 % to 3.4M.
67 stores trading at 30 June 2007 across 5 markets.
Net cash and equivalents approximately 5.3M at 30 June 2007.



(All figures shown above are unaudited)



Like- for- like sales growth by market in Q1:


Market Like-for-sales growth

Poland +20%
Czech Republic +28%
Latvia +10%.
Bulgaria +73%
Total stores +21%

*Sales from CHI Bulgaria will be consolidated from June 1 2007. Prior to this
date this business operated as a partnership venture.



Sales growth drivers across central Europe remain:

growing awareness and appeal of the coffeeheaven brand to consumers;

continued product innovation driving additional footfall; and

favourable macro-economic conditions.





The current financial year has started well. Trading in all markets is buoyant
with sales growth trending stronger towards the end of the first quarter.





David10B - 06 Jul 2007 07:39 - 1644 of 2037

Just goes to show how thick some people are. If you knew you were onto a good thing---you just stated you threw 10k away----now thats what I call being real smart.

David10B - 06 Jul 2007 07:48 - 1645 of 2037

WOT more equity issed
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