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.’

Then so be it, I am now officially thick and stupid and nobody should take the least bit of notice of me, so please buy BKE, COH AND JLH and leave MLR and TESCO and a few others to us dumies,

1st set to Federer...this is going to be a classic.

Dont count Nadal out yet...

True...great game.

Well done Roger Federer a five-set classic

Here is a sensible poster from iii[a rarity](with full acknowledge ment to both source and author)-

Now if Worthington would only be just a little more forthcoming with his RNS there would be no need for totally confused shareholders-----would there?

Re: Good News! HEDMAN
While I'm frustrating everyone with my simplistic views on here can anyone explain this, as I just can't get my head around it.

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

Unless I've missed it I'm not aware they are in partnership with anyone.

Would really apreciate anyone explaining this to me in laymans terms.

Good luck all.

The inevitable slip has started this morning with COH losing ground.

I dont think there will be a better time to get out than now at these prices which I fear you wont be seeing again for a while.

Have a great day.

Here is another sensible poster fromthe ramper's paradise over on iii[a rarity](with full acknowledge ment to both source and author)-

The author Milesbetter says Let's walk before we try to run.

The simple answer is that COH has had seven long years to be up and running, but it appears to be happy crawling along----snails pace.

ITS HEADED GOOD NEWS ALTHOUGH i DONT SEE MUCH IN IT

NEVER MIND PERHAPS SNACK ATTACK WILL SAVE IT.

Re: Good News! milesbetter
Whilst I like everyone else want to see more stores, because we see that as the quickest route to more profit, I think we have to be realistic. In order for this to happen you need quite a large team working with/for you. Each potential site needs to be visited (lots and lots of time & travel) and a full financial evaluation done before the decision can be made to open or not. Then you have to get the legals done draw up site plans, order shopfit, retain contractors etc. Whilst all this is being done you need another set of people organising the recruitment and training of staff. Each new site, particularly for a small buisiness like COH sucks in a huge amount of time, energy, effort and focus. There is many a retail business that has spent too much time on store openings, that has at the same time allowed the core buisness to drift which has then resulted in poor LFL growth that has then impacted on the group profit at a time when the new stores are not yet generating cash. My advice to RW would be to plan a steady sustainable growth of the business rather than going for 30+ stores in the next couple of years. Once the business is large/profitable enough to be able to afford a dedicated store opening team then we can look forward to a much more aggressive opening programe. Let's walk before we try to run.

Searching around the BBs I still find it odd to see that most COH shareholders have not come to grips with the fact that COH has missed the boat location wise and perhaps lost the business plan altogether.

Adieh, Gooner, Mr Hurford which ever you like to be called depends on which BB you are on.

However a polite mesaage to all three of you.

Please try to contol your emotions, you must get to grips with the fact that shares go down as well as up.

Also I know it upsets you further that a nobody like me, with no knowledge of the markets can keep getting it right----especially where COH is concerned.

You know he more I research my stuff the better I get at it.

Look at MLR today just as I told you--it is happening.

Regretably for you I am bang on with COH too. ie 30p minus

Two nice buys at the end of the day... 41.5p some very silly people purchasing shares in a company that is worth 6p or is it 30p now... They really don't know what there doing, most unintelligent, they obviously don't work in education.... anyone else that isn't squelched care to respond... Have a lovely evening everyone or i'm so stupid...

oh sorry i'm not very clever i've spelt their wrong i do apologise to the board...

I would not worry about it that much Adieh, even Bill Currie and a few others called it wrong when they bought around 48p I believe it was.

So I would not say you are stupid, perhaps a little misguided and off center, and too involed wit RW, or is it COH or even both. but stupid no, I don't think so,

Please stand corrected once again David (shows you know nothing of COH) WC bought at 42p and below that price...Please reveal how you come to the conclusion that COH is valued at 6p & 30p? and detail please not just the figure you picked out of the sky... It's all in the detail...

For anyone interested this is what one broker is saying...

First quarter group like for like sales growth came in at a robust 21% with total store net sales up 59% to 3.4m. At the end of the June its estate comprised 67 stores in countries and its cash position stood at 5.3m.


Like-for-like sales rose 20% in Poland; 28% in Czech Republic; 10% in Latvia; and 73% in Bulgaria. The company says trading in all markets remains buoyant. Encouragingly, sales growth was stronger towards the end of the first quarter.


Coffeeheaven also announced it has increased its equity interest in CHIR Cafe in Romania to 85% from 19% for a nominal consideration. Meanwhile, in Bulgaria, it has increased its stake in CHI in Bulgaria from 19% to 100%. The consideration was not material.


It expects to open the first coffeeheaven store in Bucharest and Budapest during the current financial year. In addition, a number of sites in Hungary are under negotiation, with one already contracted.


The group says its strong sales growth is being driven by a mixture of favourable economic conditions across central Europe and growing awareness and appeal of its coffeeheaven brand.


To help boost staff retention and performance the group has introduced a company wide employee share ownership scheme that will benefit 50% or more of coffeeheaven's employees, from store managers, to baristas (experts in preparing espresso-based coffee drinks), through to staff at the till.


The update pleased Numis analyst Jose Marco, who says the very strong likes for like growth supports his view that the branded coffee bar market in Central and Eastern Europe is growing rapidly. 'It is still a relatively new phenomenon, so in order to take advantage of this, we believe that coffeeeheaven's strategy of having first mover advantage and expanding into neighbouring countries is proving to be very successful,' he adds.


Marco welcomes the introduction of the employee share ownership scheme, which he regards as 'pioneering' in the context of Central and Eastern Europe. As well as improving staff morale and retention, the scheme should help motivate staff if competitors were to enter the region, he says.


Despite current like for likes being ahead of his expectations, the analyst has left his forecasts unchanged to reflect the losses from store openings in new countries - Bulgaria, Romania and Hungary.


Numis anticipates current year pretax profits of 300,000 and earnings per share of 0.3p, rising to 500,00 and 0.4p in 2008; and 1m and 0.7p in 2009.


The broker reiterates 'buy' on coffeeheaven international PLC shares with a target price of 66p.


The strong update and continuing bright growth prospects for the group led to its shares rising 1.25p or 3% to 41.75p, valuing the company at 48.5m.


Regards investor who does not know anything about COH...

Any comments David?

First quarter group like for like sales growth came in at a robust 21% with total store net sales up 59% to 3.4m. At the end of the June its estate comprised 67 stores in countries and its cash position stood at 5.3m.


Like-for-like sales rose 20% in Poland; 28% in Czech Republic; 10% in Latvia; and 73% in Bulgaria. The company says trading in all markets remains buoyant. Encouragingly, sales growth was stronger towards the end of the first quarter.

I also like the fact they are giving their employees a chance to own part of the company.

Do you also see this as waste of time?

To help boost staff retention and performance the group has introduced a company wide employee share ownership scheme that will benefit 50% or more of coffeeheaven's employees, from store managers, to baristas (experts in preparing espresso-based coffee drinks), through to staff at the till.

I'm sure you wont be impressed by the above, but it's always good to read someone with an oppossing view.

WC did in fact also buy at 48p Mr Hurford when Worthington sold.


He picked some up to save face I think it was, s two directors dumping at the top was not really good for the company image.

Did you forget or do I know more than you think.

Did you sleep well, I trust you did.

have a nice day in any eent.

Ok then lets see what Numis is really saying here:-

So here we have 67 stores now in operation with like for like sales on the increase.

No mention of nett profits the bottom line, so the cost of the these over the counter sales must be horrendous, lets see if we can fine them in what Numis has to say.

First quarter group like for like sales growth came in at a robust 21% with total store net sales up 59% to 3.4m. At the end of the June its estate comprised 67 stores in countries and its cash position stood at 5.3m. OK SO FAR, BUT WHERE HAS THE REST OF THE SHAREHOLDER'S MONEY GONE FROM THE BANK.


Like-for-like sales rose 20% in Poland; 28% in Czech Republic; 10% in Latvia; and 73% in Bulgaria. The company says trading in all markets remains buoyant. Encouragingly, sales growth was stronger towards the end of the first quarter. ----FINE BUT WHERE IS THE NETT PROFIT!


Coffeeheaven also announced it has increased its equity interest in CHIR Cafe in Romania to 85% from 19% for a nominal consideration. Meanwhile, in Bulgaria, it has increased its stake in CHI in Bulgaria from 19% to 100%. The consideration was not material. ---WE SHOLD KNOW WHAT SHAREOLDERS FUNDS COH ARE SPENDING, IF I WERE A SAREHLDER I WOULD WANT TO KNOW AND IF DIGGLE NVESTMENTS ARE IN THERE ANYWHERE.


It expects to open the first coffeeheaven store in Bucharest and Budapest during the current financial year. In addition, a number of sites in Hungary are under negotiation, with one already contracted.
NO MENTION OF THE START UP COSTS---WHY NOT IF THE BROKER IS TRYING TO SELL COH AS A INVESTMENT THESE ARE THINGS POTENTIAL INVESTORS WOULD WANT TO KNOW---HOW MUCH IS THE CAPITAL COST OF THESE NEW STORES AND WHAT IS TE EXPECTANT ROI

The group says its strong sales growth is being driven by a mixture of favourable economic conditions across central Europe and growing awareness and appeal of its coffeeheaven brand.


To help boost staff retention and performance the group has introduced a company wide employee share ownership scheme that will benefit 50% or more of coffeeheaven's employees, from store managers, to baristas (experts in preparing espresso-based coffee drinks), through to staff at the till. COULD MEAN THEY CANT GET GOOD STAFF AND NEED INCENTIVES


The update pleased Numis analyst Jose Marco, who says the very strong likes for like growth supports his view that the branded coffee bar market in Central and Eastern Europe is growing rapidly. 'It is still a relatively new phenomenon, so in order to take advantage of this, we believe that coffeeeheaven's strategy of having first mover advantage and expanding into neighbouring countries is proving to be very successful,' he adds. IT WOULD PLEASE ME BETTER OF WE COULD SEE SOME HARD CASH PROFITS INSTEAD OF WORTHLESS WORDS.


Marco welcomes the introduction of the employee share ownership scheme, which he regards as 'pioneering' in the context of Central and Eastern Europe. As well as improving staff morale and retention, the scheme should help motivate staff if competitors were to enter the region, he says.


Despite current like for likes being ahead of his expectations, the analyst has left his forecasts unchanged to reflect the losses from store openings in new countries - Bulgaria, Romania and Hungary.




IF Worthington and his team had done their figures correctly,. then apart for THE INITIAL capital expenditure which is written down OVER A PERIOD OF YEARS all new stores should be showing a trading profits at the end of day one extracted from the daily cash-flow over the counter takings


Numis anticipates current year pretax profits of 300,000 and earnings per share of 0.3p, rising to 500,00 and 0.4p in 2008; and 1m and 0.7p in 2009.


OK THIS IS LAUGHABLE. ITS OBVIOUS COH ARE RATHER COY ON WHAT THEY ARE SPENDING ON STORE OPININGS/---SO LET ME BE FAIR TO THEM.

TAKING THIER FIGURES---THEY NOW HAVE 67 STORES GIVING PRETAX PROFITS OF 300000 RIGHT ?

SO THAT MEANS THAT ON AVERAGE EACH STORE IS MAKING BEFORE TAX JUST 448 IN PRE TAX PROFITS!!!----THATS A JOKE!!

AFTER 7 YEARS IN BUSINESS ITS JUST PLAIN HILARIOUS.

COH appear to have dived in the market place with no consideration whatsoever for operating cost and cost control.

Numis would be better off advising you of which "store is actually" making money and closing the ones that are not.

For 448 per annum perhaps its worth even less that the generous NAV I applied to it.
.

Total bollox... you are blinkered by your losses on BKE...

David,

Let them get on discussing the share - you have made your point on numerous occasions and I see no reason to continue.

I receive almost daily complaints about this thread, and this bickering must now stop on both sides.

Ian