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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
- 06 Jul 2007 08:35
- 1649 of 2037
No its up 1.5p AhieH, falling back as it is, and will fall back futher throughout the day.
No mention of Nett profits means overhaeds are still high and taking the cream that should be in shareholder's pockets.
Have a nice day.
No mention of Nett profits means overhaeds are still high and taking the cream that should be in shareholder's pockets.
Have a nice day.
cynic
- 06 Jul 2007 08:50
- 1650 of 2037
sp is due for a breather as it has risen very sharply over the last couple of weeks ...... there also looks to be a bit of resistance at the current level ..... however, so long as sp remains above 200 or even 25/50 dma, all of which should provide some support, i see no resaon at all why holders should not stay put and await developments.
David10B
- 06 Jul 2007 09:12
- 1651 of 2037
And yet another balanced view take a look at this------
Coffee HeavenPosted on July 6th, 2007 in Market whispers.
Numis, the companys stockbroker, is upbeat about todays trading update and says buy up to 66p. Broker adds: These very strong LFLs confirm our view that the branded coffee bar market in Central and Eastern Europe is growing rapidly.
We believe it is still a relatively new phenomenon, so in order to take advantage of this, we believe that COHs strategy of having the first mover advantage and expanding into neighbouring countries is a very successful model.
THE ONLY PROBLEM THAT I HAVE WITH THIS IS THAT OTHER COMPANIES ARE GETTING STRONGER AS WELL!
AND THERE ARE ONLY SO ANY APPLES ON THE TREE.
Coffee HeavenPosted on July 6th, 2007 in Market whispers.
Numis, the companys stockbroker, is upbeat about todays trading update and says buy up to 66p. Broker adds: These very strong LFLs confirm our view that the branded coffee bar market in Central and Eastern Europe is growing rapidly.
We believe it is still a relatively new phenomenon, so in order to take advantage of this, we believe that COHs strategy of having the first mover advantage and expanding into neighbouring countries is a very successful model.
THE ONLY PROBLEM THAT I HAVE WITH THIS IS THAT OTHER COMPANIES ARE GETTING STRONGER AS WELL!
AND THERE ARE ONLY SO ANY APPLES ON THE TREE.
jammyjimmy - 06 Jul 2007 09:39 - 1652 of 2037
"Depends on the size of the tree of course......Poland is huge, nearly as large as Germany. The rest are pretty big too!!"
cynic
- 06 Jul 2007 10:07
- 1653 of 2037
jimmy .... first and foremost, do not get into the quagmire with 10B!
Do not confuse the size of and population of a country with its appetite for coffee shops! ...... Personally, and it is very subjective, this is not a micro-sector that i care for, though that would not preclude me buying if i felt there was sufficient impetus etc behind the share price.
my comment and advice as posted earlier this morning still stands.
Do not confuse the size of and population of a country with its appetite for coffee shops! ...... Personally, and it is very subjective, this is not a micro-sector that i care for, though that would not preclude me buying if i felt there was sufficient impetus etc behind the share price.
my comment and advice as posted earlier this morning still stands.
AdieH
- 06 Jul 2007 10:10
- 1654 of 2037
BKE on the move... +20% today, anyone know anything? Regards
beemer2 - 06 Jul 2007 10:12 - 1655 of 2037
BKE up 30%+ this am...
AdieH
- 06 Jul 2007 11:05
- 1656 of 2037
Haven't bought in yet as want to know whats driving it...
cynic
- 06 Jul 2007 11:07
- 1657 of 2037
BKE - stupid little company with 0.5m cap ..... if someone sneezes with 20000 shares, the price will rocket/slump
COH - sp heading into o'bought territory so would not be buying at this juncture
COH - sp heading into o'bought territory so would not be buying at this juncture
jammyjimmy - 06 Jul 2007 11:14 - 1658 of 2037
Cynic
"Do not confuse the size of and population of a country with its appetite for coffee shops!"
I'm not....having worked for a total of 9 years in Poland, the Czech Republic, Germany and currently Sweden, I know for a fact that they all have a huge appetite for coffee....morning, noon and night. That is to say, good coffee, because you have to bear in mind that, (excluding Sweden but including the old East Germany), the quality of the coffee available during the soviet era was, according to the locals, dire to say the least.
Having visited the COH outlets in both Warsaw and Prague a few times I was very impressed with the number of local customers, (not tourists), using both of the outlets. The coffee and service was excellent, fast and the prices were very reasonable, not like the rip-off prices charged in the UK.
My (small) home town in the UK has three major brand coffee outlets in the town centre which seem to be well patronised....so why not elsewhere in eastern europe? Especially if the prices are tailored to suit the local economy (which seem to be on the up and up).
COH sells good coffee in super surroundings.....and the locals love it. They view the 'coffee shop' experience as something modern and very Western European. They are the 'new tourists' and, having visited France, Italy and Spain etc. they want the same at home. My god, you have only to look at the original soviet non-expresso machine era coffee shops that are still in operation to see just what a change there has been. Yes, you can get a coffee in them......if you don't mind waiting 30 minutes!!
The reason I invested in COH was down to purely down to my own personal experience in both Warsaw and Prague. Good job COH....keep it up!!
However, if COH only sold tea, I really would be worried :>)
"Do not confuse the size of and population of a country with its appetite for coffee shops!"
I'm not....having worked for a total of 9 years in Poland, the Czech Republic, Germany and currently Sweden, I know for a fact that they all have a huge appetite for coffee....morning, noon and night. That is to say, good coffee, because you have to bear in mind that, (excluding Sweden but including the old East Germany), the quality of the coffee available during the soviet era was, according to the locals, dire to say the least.
Having visited the COH outlets in both Warsaw and Prague a few times I was very impressed with the number of local customers, (not tourists), using both of the outlets. The coffee and service was excellent, fast and the prices were very reasonable, not like the rip-off prices charged in the UK.
My (small) home town in the UK has three major brand coffee outlets in the town centre which seem to be well patronised....so why not elsewhere in eastern europe? Especially if the prices are tailored to suit the local economy (which seem to be on the up and up).
COH sells good coffee in super surroundings.....and the locals love it. They view the 'coffee shop' experience as something modern and very Western European. They are the 'new tourists' and, having visited France, Italy and Spain etc. they want the same at home. My god, you have only to look at the original soviet non-expresso machine era coffee shops that are still in operation to see just what a change there has been. Yes, you can get a coffee in them......if you don't mind waiting 30 minutes!!
The reason I invested in COH was down to purely down to my own personal experience in both Warsaw and Prague. Good job COH....keep it up!!
However, if COH only sold tea, I really would be worried :>)
beemer2 - 06 Jul 2007 11:20 - 1659 of 2037
BKE NOW 44%...
AdieH
- 06 Jul 2007 11:34
- 1660 of 2037
Seems someone is building a stake their too beemer... recent RNS, something up wish I had been in but easy to say in Hindsight... SP slipping in COH but too be expected this is a med/long termer for me so glad were over 40p mark again...
David10B
- 06 Jul 2007 11:41
- 1661 of 2037
Is that T bone or fillet as thats the only "stake" you will see.
The price continues to slip back so no one knows what to buy at.
The price continues to slip back so no one knows what to buy at.
beemer2 - 06 Jul 2007 16:06 - 1662 of 2037
BKE continues to rise...SP now 50%+ up.
COH will continue to rise.
COH will continue to rise.
beemer2 - 06 Jul 2007 16:09 - 1663 of 2037
Been a good day for RW...well dserved.
David10B
- 06 Jul 2007 21:09
- 1664 of 2037
Please seriously read my comments on these two companies.
Have a great weekend
Have a great weekend
beemer2 - 06 Jul 2007 22:46 - 1665 of 2037
Now why do you think any intelligent poster would want to read your rubbish...you are a joke.
AdieH
- 07 Jul 2007 08:45
- 1666 of 2037
Most intelligent people have squelched him... Off to Wimbldeon today got centre court tickets and bonus of seeing Feder vs Gasquet... come on the French.
David10B
- 07 Jul 2007 09:22
- 1667 of 2037
Good morning gentlemen.
On the contrary Adieh I have quite a few email on COPH, which agree with me.
Furthermore a feww are with thanks and stating that they have not bought through my intelligent assessments of the Polish market place and the growth of the competition.
I will be doing the same with BKE as its obvious they are desperate for cash and see their shareholders as a cheap source of finance.
lets see now, so much talk of Barclays broking arm's holding I wonder if they will give BKE an loan.
On the contrary Adieh I have quite a few email on COPH, which agree with me.
Furthermore a feww are with thanks and stating that they have not bought through my intelligent assessments of the Polish market place and the growth of the competition.
I will be doing the same with BKE as its obvious they are desperate for cash and see their shareholders as a cheap source of finance.
lets see now, so much talk of Barclays broking arm's holding I wonder if they will give BKE an loan.
David10B
- 07 Jul 2007 09:50
- 1668 of 2037
From the WNG thread,
David10B - 07 Jul 2007 09:49 - 837 of 837
BMW YOU ARE RIGHT TO BE SITTING ON SOMETHING AS A PROFIT IS NOT A PROFIT UNTIL ITS BANKED---TRY SELLING ON MONEY YOU WILL HAVE A SHOCK.
I BELIEVE THE MARKET IS FINALLY WAKING UP TO THEWEAKNESS OF COH!
THE AIM and Ofex MAG HINTED AT THIS LAST YEAR SO TOO DID THE DAILY TELEGRAPH---WHEN THE HYPE DIES DOWN AND THERE IS NOGHING TO BRING TO THE TABLE---THE TEARS WILL WILL FLOW.
RIGHT NOW WE ARE STILL IN TH DARK OVER SNACK ATTACK A SMALL 400000EURO COMPANY THAT HAS PROBABLY SAVE COH FROM DISASTER------------INTHE SHAREHOLDERS' INTERESTS---WHY NO RNS.
I NOTE THAT WORTHINGTON AND HIS DIRECTOR SOLD OUT A WHOLE BUNCH OF THE SHARES AT THEIR HIGH----IS THERE MORE TO COME?
AS THIS IS NOT STABLE MANGEMANT KNOWING FULL WELL THAT EMPIK WERE SOON TO DUMP. COULD EVEN BE A CASE INSIDERED DEALING
SOME QUICK MATH EXERCISES FOR YOU---
TAKE AWAY THE LAST TWO COH CASH CALLS AND WHAT DO YOU HAVE----
ANSWER.
A COMPANY IN SERIOUS FINACIAL TROUBLE.
THE ABOVE IS WHAT I GENUINELY BELIEVE. CONSEQUENT ALL POTENTIAL PUNTERS SHOULD BE AT LEAST AWARE
HAVE A REALLY NICE DAY.
David10B - 07 Jul 2007 09:49 - 837 of 837
BMW YOU ARE RIGHT TO BE SITTING ON SOMETHING AS A PROFIT IS NOT A PROFIT UNTIL ITS BANKED---TRY SELLING ON MONEY YOU WILL HAVE A SHOCK.
I BELIEVE THE MARKET IS FINALLY WAKING UP TO THEWEAKNESS OF COH!
THE AIM and Ofex MAG HINTED AT THIS LAST YEAR SO TOO DID THE DAILY TELEGRAPH---WHEN THE HYPE DIES DOWN AND THERE IS NOGHING TO BRING TO THE TABLE---THE TEARS WILL WILL FLOW.
RIGHT NOW WE ARE STILL IN TH DARK OVER SNACK ATTACK A SMALL 400000EURO COMPANY THAT HAS PROBABLY SAVE COH FROM DISASTER------------INTHE SHAREHOLDERS' INTERESTS---WHY NO RNS.
I NOTE THAT WORTHINGTON AND HIS DIRECTOR SOLD OUT A WHOLE BUNCH OF THE SHARES AT THEIR HIGH----IS THERE MORE TO COME?
AS THIS IS NOT STABLE MANGEMANT KNOWING FULL WELL THAT EMPIK WERE SOON TO DUMP. COULD EVEN BE A CASE INSIDERED DEALING
SOME QUICK MATH EXERCISES FOR YOU---
TAKE AWAY THE LAST TWO COH CASH CALLS AND WHAT DO YOU HAVE----
ANSWER.
A COMPANY IN SERIOUS FINACIAL TROUBLE.
THE ABOVE IS WHAT I GENUINELY BELIEVE. CONSEQUENT ALL POTENTIAL PUNTERS SHOULD BE AT LEAST AWARE
HAVE A REALLY NICE DAY.
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