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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
- 11 Jul 2007 09:15
- 1748 of 2037
But trigger cant you give me a striaght answer to my question that is all I ask.
And it was not you who stated COH would be a pound, it was AdieH IN MAY TAKE A LOOK.
Now I am asking for open and serious discussion on my interpretation of the Numis Note, why are both you and AdieH shying away from answering and talking about everything else?
And it was not you who stated COH would be a pound, it was AdieH IN MAY TAKE A LOOK.
Now I am asking for open and serious discussion on my interpretation of the Numis Note, why are both you and AdieH shying away from answering and talking about everything else?
David10B
- 11 Jul 2007 09:38
- 1749 of 2037
OK lets try again. I duplictate my post from last night.
Anyone up for a sensible discussion?
Here posted again is how I see it.
If I am wrong then please tell me where.
That cant be too difficult--or can it.
Well I guess you will have to tell me then, because as I see it we have been given EPS at .3p.
There are currently 116.38 m shares in issue, this gives us anticipated pre tax profits of 349140 between 67 stores which is an average gross profit of 5211 per store.
As I stated above: If we have 4 million in operating cost for 6 months, then it safe to assume 8 million for 12 months to run 67 stores, that equates to 11,940 runing costs for each store, per annum.
From these figures you can clearly see that COH is losing money, which has been my contention all along, and hense the cash burn mentioned above and the deficiency bewteen what is now in the bank and the shareholders' funds called upon.
Even if I am out on a plus or minus scale its still not a very healthy company to risk an investment in, as its just not making the money.
What you are not understanding is that things to the locals out there ,cost a hell of a lot less than here. Mr Worthington seems to be valuing things on UK prices---SNACK ATTACK proved him to be ----well extravagant at best.
Dont fret on it too much, just have a nice relaxing evening.
Anyone up for a sensible discussion?
Here posted again is how I see it.
If I am wrong then please tell me where.
That cant be too difficult--or can it.
Well I guess you will have to tell me then, because as I see it we have been given EPS at .3p.
There are currently 116.38 m shares in issue, this gives us anticipated pre tax profits of 349140 between 67 stores which is an average gross profit of 5211 per store.
As I stated above: If we have 4 million in operating cost for 6 months, then it safe to assume 8 million for 12 months to run 67 stores, that equates to 11,940 runing costs for each store, per annum.
From these figures you can clearly see that COH is losing money, which has been my contention all along, and hense the cash burn mentioned above and the deficiency bewteen what is now in the bank and the shareholders' funds called upon.
Even if I am out on a plus or minus scale its still not a very healthy company to risk an investment in, as its just not making the money.
What you are not understanding is that things to the locals out there ,cost a hell of a lot less than here. Mr Worthington seems to be valuing things on UK prices---SNACK ATTACK proved him to be ----well extravagant at best.
Dont fret on it too much, just have a nice relaxing evening.
Bluelady
- 11 Jul 2007 10:18
- 1750 of 2037
Just for the record I hold absolutely no COH shares and I have only been reading the thread recently because of the ongoing 'debate'. but as I looked at the postings for this 1 I came across something which puzzled me. I apologise if I have understood incorrectly as I haven't read every posting.....and probably will not either.
Yes, David 10Byou are perfectly correct in posting that AdieH said he had a target of 1 but he did qualify that was before he was going to sell. He also qualified by saying hopefully within a year. This can be verified on 03 Apr 2007 16:38 - 561 of 1747, COH was 1 as a target before he was going to sell. He also said on 04 May 2007 17:05 - 568 of 1747 Target of 1.00 for me and hopefully within the year...
However, what I have problems in understanding is you mentioned today you have never invested in COH.....
And yet on 05 May 2007 09:45 - 572 of 1747
Did a lol of research on this one and bought in at 15p to sell at 36p went to two AGMs but could never get a straight answer on Diggle investments one of my reasons for selling.
Now, I must admit I sometimes forget what I might say about a share in which I am invested. However, I would never forget that I have been invested in a particular share especially if it made me a profit. and I had been along to an AGM.
However, I might have misread that posting and you might have been talking about a totally different share. Please clarify.
Yes, David 10Byou are perfectly correct in posting that AdieH said he had a target of 1 but he did qualify that was before he was going to sell. He also qualified by saying hopefully within a year. This can be verified on 03 Apr 2007 16:38 - 561 of 1747, COH was 1 as a target before he was going to sell. He also said on 04 May 2007 17:05 - 568 of 1747 Target of 1.00 for me and hopefully within the year...
However, what I have problems in understanding is you mentioned today you have never invested in COH.....
And yet on 05 May 2007 09:45 - 572 of 1747
Did a lol of research on this one and bought in at 15p to sell at 36p went to two AGMs but could never get a straight answer on Diggle investments one of my reasons for selling.
Now, I must admit I sometimes forget what I might say about a share in which I am invested. However, I would never forget that I have been invested in a particular share especially if it made me a profit. and I had been along to an AGM.
However, I might have misread that posting and you might have been talking about a totally different share. Please clarify.
David10B
- 11 Jul 2007 10:35
- 1751 of 2037
Yes Blue Lady you are right and if you look back you will see that was my involement with an old share club which I was member.
You could say that I was a holder if you wish but not so directly.
Either way I dont mind.
However I do remember the club taking a communial profit and steping out, stating it had gone far enough.
Thats why I was attracted to the 1 post as it was felt by the club that was unachievable.
I trust that is helpful.
With that said I would still like to see some answer to my post on the NUMIS NOTE.
I still see COH in a loss situation, but I am more than prepared to stand corrected, by those who know better than me.
You could say that I was a holder if you wish but not so directly.
Either way I dont mind.
However I do remember the club taking a communial profit and steping out, stating it had gone far enough.
Thats why I was attracted to the 1 post as it was felt by the club that was unachievable.
I trust that is helpful.
With that said I would still like to see some answer to my post on the NUMIS NOTE.
I still see COH in a loss situation, but I am more than prepared to stand corrected, by those who know better than me.
AdieH
- 11 Jul 2007 10:39
- 1752 of 2037
Thanks for pointing that out bluelady...
Bluelady
- 11 Jul 2007 11:15
- 1753 of 2037
Thanks for the clarification David10B as I said I wasn't 100% certain I understood the ins and outs of that posting.
No problem AdieH, btw I hope you achieve your target.
No problem AdieH, btw I hope you achieve your target.
David10B
- 11 Jul 2007 11:20
- 1754 of 2037
Even I would like to see all COH shareholders rake in a 1 per share Bluelady.
I note that the answers to my post on the Numis Note are still slow in coming in chaps
I note that the answers to my post on the Numis Note are still slow in coming in chaps
AdieH
- 11 Jul 2007 11:59
- 1755 of 2037
RGT seems to be having the same problem that we've had on this thread...
David10B
- 11 Jul 2007 12:13
- 1756 of 2037
What is your problem Adieh?--You just cant stay away can you.
Do you only want to all postive posts or all shares?
Why do you and your sort get upset when youpeople outlining the downside.
Are not these BBs here to enlighten one and all?
Especially those who post about no hope share valuations.
Please do something useful answer my post on the Numis Note, as those figures, as carefully concocted as they are, show me that COH is still lose making.
Kindly either confirm this or deny it.
If the latter is the case please show me where I went wrong-----simple rally is it not?
Do you only want to all postive posts or all shares?
Why do you and your sort get upset when youpeople outlining the downside.
Are not these BBs here to enlighten one and all?
Especially those who post about no hope share valuations.
Please do something useful answer my post on the Numis Note, as those figures, as carefully concocted as they are, show me that COH is still lose making.
Kindly either confirm this or deny it.
If the latter is the case please show me where I went wrong-----simple rally is it not?
AdieH
- 11 Jul 2007 12:23
- 1757 of 2037
Been over the same old stuff month after month, as Ian states leave it alone and move on...
In regard to RGT I am just trying to point out that your a trouble maker, looking at RGT you admit to buying and then selling at small profit then you lay into the company... to me it seems you are making a loss by the content of your posts then turn very spiteful on the mangement of these companies...
I have had enough of your postings and you are squelched from now on, I am quite a robust character but even I can see that responding to you is a complete waste of time. Hopefully I will meet you at the next AGM where we can discuss this man to man, I will wear a name badge just for you... Regards.
In regard to RGT I am just trying to point out that your a trouble maker, looking at RGT you admit to buying and then selling at small profit then you lay into the company... to me it seems you are making a loss by the content of your posts then turn very spiteful on the mangement of these companies...
I have had enough of your postings and you are squelched from now on, I am quite a robust character but even I can see that responding to you is a complete waste of time. Hopefully I will meet you at the next AGM where we can discuss this man to man, I will wear a name badge just for you... Regards.
David10B
- 11 Jul 2007 12:29
- 1758 of 2037
No Adieh we have not this is not the same stuff, far from it.
The Numis Note is recent, and I am saying it clearly shows COH to be lose making.
I am now asking you and your supporters to kindly ,and politely, show me if I have made a mistake.
I have not asked this previously.
I am well aware of your physical characteristics, as you keep reminding me, however such characteristics are unhelpful and therefore irrelevant when trying to value stocks.
The Numis Note is recent, and I am saying it clearly shows COH to be lose making.
I am now asking you and your supporters to kindly ,and politely, show me if I have made a mistake.
I have not asked this previously.
I am well aware of your physical characteristics, as you keep reminding me, however such characteristics are unhelpful and therefore irrelevant when trying to value stocks.
partridge
- 11 Jul 2007 13:22
- 1759 of 2037
If COH was making money, suspect they would have said so in recent news release. Highly speculative, not a holder, would prefer a punt on millionpercent in the 9.20 this evening at Kempton - at least the pain (or pleasure) will be immediate!
AdieH
- 11 Jul 2007 13:31
- 1760 of 2037
Depends if you want a med/long term investment and not an immediate disappointment partridge... what are the odds on your horse...
cynic
- 11 Jul 2007 13:33
- 1761 of 2037
probably better than on COH and the pain will not be so prolonged .... lol!
AdieH
- 11 Jul 2007 13:42
- 1762 of 2037
Depends what your entry level is... for those that got free shares from the demerger from Bakery service they will be smiling from ear to ear... The brokers note puts a target price of 66p... You do the maths... Regards.
cynic
- 11 Jul 2007 13:56
- 1763 of 2037
so if you buy today, that's the equivalent of about 7/4 on the horse at Wincanton!
partridge
- 11 Jul 2007 14:16
- 1764 of 2037
Odds in the Times quoted as 7:1 against. About IMO on a par with COH, but either (or both) could come good. Personally, I would favour the chances of the horse, (at Kempton, by the way) but good luck to any holders of the shares.
David10B
- 11 Jul 2007 15:13
- 1765 of 2037
Well it looks as if I m not so dumb after all and COH is a loss maker.
I note its down again today and that cant be a good sign.
Does not say much for all the so called positive posters here with their hidden adgendas to ramp.
IAN Please note my comments.
The unfounded ramping of hopelss loss makers should be made illegal, as it must cause a lot of grief to many
I note its down again today and that cant be a good sign.
Does not say much for all the so called positive posters here with their hidden adgendas to ramp.
IAN Please note my comments.
The unfounded ramping of hopelss loss makers should be made illegal, as it must cause a lot of grief to many
beemer2 - 11 Jul 2007 15:42 - 1766 of 2037
Just back from a quick break in the capital.
Could'nt help but notice that MLR is down once more...and after all the ramping on numorous BB's by our resident numpty.
THAT CAN'T BE A VERY GOOD SIGN....LOL.
Could'nt help but notice that MLR is down once more...and after all the ramping on numorous BB's by our resident numpty.
THAT CAN'T BE A VERY GOOD SIGN....LOL.
David10B
- 11 Jul 2007 15:51
- 1767 of 2037
Ok beemer as you can see I am trying to bring some sense and order here, so please tell us what is your defination of ramping?
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