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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

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.

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

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?

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.

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.

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

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.

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?

beemer2 - 11 Jul 2007 16:08 - 1768 of 2037

I don't usually reply to numpty's...but if you insist

My "definition of ramping" is when for instance COH was down to low 30's and oversold...I rightly predicted that it would return to the 40's and you being a numpty said back in June that would not and in the process bet me 10K, but seeing you are obviously still learning the ways of stockmarket it would have been like taking candy from a baby.

Therefore may I suggest that you stop being a prat and act your age as I understand you are well over the age of sixty.

David10B - 11 Jul 2007 16:14 - 1769 of 2037

Thats not ramping and neither was it oversold in the low 30s.

All things being equally it should not have risen --however it did and I called it wrong, but built into the rise was false bid speculation---you wont see that again.

However you have not answered my question what is your undertanding of ramping please?

I am now hell bent on getting a valuation on COH that is correct.

David10B - 11 Jul 2007 16:52 - 1770 of 2037

Well gentlemen I must be doing something right.

I have called COH down and today the bid slips into the high 30s, a fall of 1.5p on the day and with a spread of a massive 2p.

I have taken some stick here over this share, however my commitment to fair play and a square deal deal for the private punter remains unfettered.

I believe this share will now continue to slide and it beats the hell of of me how some could even think of it going to a pound.

These BBs are a public platform where we can all come and freely express our views.

Mine may not be popular with the status quo, but I express them in all good faith!

Ultimate Cynic - 11 Jul 2007 21:08 - 1771 of 2037

Aidie, I thought you had sqelched him.
You should stick to your guns else it won`t work. I havn`t a clue what he`s saying and don`t care except for when you respond (or should that be - rise to the bait).
Regards, U.C.

edit:
Aidie, Apologies, I am trying to read this BB on a mobile phone (T-Mobile Web n'Walk) since my main Internet connection is down.
The screen doesn't display the page normally and my response (above) was directed at much earlier posts of yours. However if you still continue to respond to him now then the top paragraph still stands.
STICK TO YOUR GUNS!!
YOU KNOW IT MAKES SENSE.
end edit:
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