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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

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:

cynic - 11 Jul 2007 21:16 - 1772 of 2037

someone, who shall remain nameless, is clearly on a different planet .... sp not only remains above 40 (not really relevant anyway), but is still holding relatively comfortably above 200 dma ..... holders should be concerned if this level is broken with any impetus, and even more so if 38 is breached where decent support could/should be expected as it is where the 25+50 dma converge

David10B - 11 Jul 2007 21:33 - 1773 of 2037

H Cynic. no still on this one. but perhaps its advfn that has flown to Mars as the last trade there for COH, trade #15, (30.100 shares)shows the bid broke into the 30s.

However please dont fret, I agree with you that if 38p is breached its going down fast to my predicted 30p, perhaps even lower, now that I established it was still loss making after 7 years.

Tommorrow will be a great day please enjoy it.

partridge - 11 Jul 2007 22:11 - 1774 of 2037

Almost doubled the money on Millionpercent (e.w.at 15/2) - maybe that is a good sign for COH holders!

AdieH - 11 Jul 2007 22:32 - 1775 of 2037

DOn't worry UC he is squelched and if he does verbally abuse Ian has said he will be removed... Regards.

AdieH - 11 Jul 2007 22:33 - 1776 of 2037

Well done partridge, any other tips I like to dabble now and again on the horses...

cynic - 12 Jul 2007 07:33 - 1777 of 2037

always said your horse was a better bet that COH .... lol!!

David10B - 12 Jul 2007 09:28 - 1778 of 2037

AdieH I never verbally abuse, you need to reflect.

My only concern here are shares and rip offs, and of course rampings--no more, no less.

The fact is each day I find less and less good knowledge here, with of course the acknowledge exceptions, and I see they marked COH down today on opening.

If as Cynic says it falls through 38p there is serious trouble.

You never did take the time, or courtesy .to answer my findings on the Numis Note-----dont worry though its perfectly understandable.

AdieH - 12 Jul 2007 09:33 - 1779 of 2037

Morning everyone (apart from those that are squelched of course)... so are there any tips today partridge?

David10B - 12 Jul 2007 09:45 - 1780 of 2037

Good morning everyone Christian charity begins at home.///and really cost nothng.

It is easy and really convenient to squelsh a person when you dont want to answer them---or simply cannot.

Have a really ncie day one and all.

cynic - 12 Jul 2007 09:47 - 1781 of 2037

Adie .... SCHE .... look at thread

David10B - 12 Jul 2007 09:58 - 1782 of 2037

The Aim and OFEX Newsletter.

I am still ferreting around for more support for my findings that COH is stiill just another loss AIM listed maker.(where as I get critised for being uneducated on stocks I find that the ardent supporters of COH are slow in helping me to understand where I am going wrong)

I came across the Aim and Ofex newsletter which seems worth a subscription. Does anyone follow them?

Anyhow matters not, as I was informed that the Aim and Ofex newsletter stated last year was that COH, given its accounting pratices---were covertly building up debts. I have not as yet unearthed the exact feature on COH and I wonder if any here has seen it.

partridge - 12 Jul 2007 10:30 - 1783 of 2037

Hi Adie. Very much an amateur, occasional punter and it was merely the name which attracted me to millionpercent (tried to bring a bit of light relief to a thread which was becoming a bit too tedious). Will let you know if any future flashes of inspiration! Might be better to focus on shares today - quite like the look of Cynics SCHE, although see my comment on the thread. Apologies nothing of this relates to COH, won't do it again.

AdieH - 12 Jul 2007 10:37 - 1784 of 2037

Cheers, same for me an occassional punter... would be interesting if a horse with the name of Coffee Heaven appeared...

cynic - 12 Jul 2007 10:59 - 1785 of 2037

guaranteed loser! .... at best, it can only walk very very slowly
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