| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
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.’ |
AdieH
- 18 May 2005 11:16
- 177 of 2037
i'm with you cannot understand what is happening would expect small rises not these drops, cannot sustain any rises for some reason...
overgrowth
- 18 May 2005 12:18
- 178 of 2037
With the May issue of the European Business Magazine carrying this article it's amazing that the price is slipping:
"COFFEE BEANS & BUCKS
To become a big fish in the coffee-bar market, first find a smaller pond
How do you win the UK's increasingly competitive coffee bar game, with US powerhouse Starbucks pushing down margins and driving up prime real-estate prices for locals like CaffNero and Costa Coffee? Answer: Go to Poland.
And then Latvia and the Czech Republic and maybe Ukraine, Romania, Bulgaria...Yalta.
Well, that's what Richard Worthington's theory was four years ago when he opened a coffee bar chain, called Coffee Heaven, in Poland. It now has 32 locations in three countries and is headed for 350 shops in the next few years stretching from Warsaw to Odessa..."
Website is: http://www.europeanbusiness.eu.com/index.html
"COFFEE BEANS & BUCKS
To become a big fish in the coffee-bar market, first find a smaller pond
How do you win the UK's increasingly competitive coffee bar game, with US powerhouse Starbucks pushing down margins and driving up prime real-estate prices for locals like CaffNero and Costa Coffee? Answer: Go to Poland.
And then Latvia and the Czech Republic and maybe Ukraine, Romania, Bulgaria...Yalta.
Well, that's what Richard Worthington's theory was four years ago when he opened a coffee bar chain, called Coffee Heaven, in Poland. It now has 32 locations in three countries and is headed for 350 shops in the next few years stretching from Warsaw to Odessa..."
Website is: http://www.europeanbusiness.eu.com/index.html
Dave1980
- 25 May 2005 10:45
- 179 of 2037
I've been building a nice stake in COH over the past month,
Has anyone got any views why the price is not moving?
Has anyone got any views why the price is not moving?
overgrowth
- 25 May 2005 12:07
- 180 of 2037
Dave - COH certainly have plenty of media exposure but still relatively few buyers are interested.
I believe that this is because all the stores are in Central/Eastern Europe and UK investors find it difficult to gauge all the differing cultural and economic factors in these wide ranging geographical locations to convince them to invest into an early stage growth company.
The only thing which will gradually make UK investors sit up is a consistent flow of results which show ever increasing profits - suddenly the realisation that this is a great company will dawn and the floodgates will be opened - until then it's a bit of a waiting game.
I've always had COH down as a safe long term hold - i.e. come back in a few years and see your original investment multiplied many times over.
I believe that this is because all the stores are in Central/Eastern Europe and UK investors find it difficult to gauge all the differing cultural and economic factors in these wide ranging geographical locations to convince them to invest into an early stage growth company.
The only thing which will gradually make UK investors sit up is a consistent flow of results which show ever increasing profits - suddenly the realisation that this is a great company will dawn and the floodgates will be opened - until then it's a bit of a waiting game.
I've always had COH down as a safe long term hold - i.e. come back in a few years and see your original investment multiplied many times over.
AdieH
- 25 May 2005 13:03
- 181 of 2037
Am with you overgrowth, this is long term hopefully a ten bagger or more but it won't happen over night, look at the lack of posters here for a start that indicates lack of exposure/investor interest, it will happen, the CEO has excellent track record of building brand, 5 years and I hope to be looking to pay off my mortage from COH investment...
stockdog
- 25 May 2005 14:35
- 182 of 2037
There are three big pluses making COH a dead cert to hold till it comes good.
1) E. Europe has to be part of any serious investor's asset allocation - its potential for growth and the work ethic of a populatiion finally allowed to engage in free enterprise is enormous. Look at the potential for mortgages, credit cards and other personal financial products too, as they rise to meet the affluent standards of the old W. Europe.
2) The very caution of the CEO that keeps the SP from being a tearaway, volatile high-flyer is what will keep our company solvent in this frontier market long enough to enjoy the profits that must come.
3) Who occupies the prime retaile sites all over the West End of London - Starbucks, Caffe Nero, etc, etc. - the same in any city, new or old. Pouring hot water onto coffee grounds is probably the highest gross profit retail business ever.
Keep the faith - drink coffee (preferably in Warsaw!)
sd
1) E. Europe has to be part of any serious investor's asset allocation - its potential for growth and the work ethic of a populatiion finally allowed to engage in free enterprise is enormous. Look at the potential for mortgages, credit cards and other personal financial products too, as they rise to meet the affluent standards of the old W. Europe.
2) The very caution of the CEO that keeps the SP from being a tearaway, volatile high-flyer is what will keep our company solvent in this frontier market long enough to enjoy the profits that must come.
3) Who occupies the prime retaile sites all over the West End of London - Starbucks, Caffe Nero, etc, etc. - the same in any city, new or old. Pouring hot water onto coffee grounds is probably the highest gross profit retail business ever.
Keep the faith - drink coffee (preferably in Warsaw!)
sd
overgrowth
- 26 May 2005 15:56
- 183 of 2037
Here's why the price has been all over the place:
"RNS Number:8132M Coffeeheaven International PLC 26 May 2005
coffeeheaven international plc
('coffeeheaven' or the 'Company')
Issue of Equity
coffeeheaven is pleased to announce a placing of new ordinary shares to raise 270,000, before expenses. The funds raised will provide additional working capital for the Company and in particular, to fund expansion in the Czech Republic and Latvia.
In the placing the Company will issue 27,000,000 new ordinary shares of 0.1p each at a price of 1p each. The Company will make application for the 27,000,000 new ordinary shares to be admitted to trading on AIM and dealings in the new ordinary shares are expected to commence on 2 June 2005."
Looks as though it's all priced in now.
Worth the small dilution to ensure that the expansion of outlets continues at a rapid rate.
"RNS Number:8132M Coffeeheaven International PLC 26 May 2005
coffeeheaven international plc
('coffeeheaven' or the 'Company')
Issue of Equity
coffeeheaven is pleased to announce a placing of new ordinary shares to raise 270,000, before expenses. The funds raised will provide additional working capital for the Company and in particular, to fund expansion in the Czech Republic and Latvia.
In the placing the Company will issue 27,000,000 new ordinary shares of 0.1p each at a price of 1p each. The Company will make application for the 27,000,000 new ordinary shares to be admitted to trading on AIM and dealings in the new ordinary shares are expected to commence on 2 June 2005."
Looks as though it's all priced in now.
Worth the small dilution to ensure that the expansion of outlets continues at a rapid rate.
zscrooge
- 26 May 2005 20:58
- 184 of 2037
How many dilutions in the past 2 years?
stockpick
- 27 May 2005 23:15
- 185 of 2037
I am with you zscrooge. While I do believe in the longer term the price will never rise until the market sees some real return. If taking all the pain is now so the chain can be built, I suppose it has merit but to be honest the model is not yet proven. Perhaps a bit of consolidation may have been worthwhile after all there are still no major chains going in. Only time will tell. LOL
overgrowth
- 31 May 2005 09:06
- 186 of 2037
An interesting article in the Warsaw Business Journal today:
http://www.wbj.pl/?command=article&id=26948
http://www.wbj.pl/?command=article&id=26979&type=wbj
http://www.wbj.pl/?command=article&id=26948
http://www.wbj.pl/?command=article&id=26979&type=wbj
zscrooge
- 01 Jun 2005 13:00
- 187 of 2037
Interesting rumour about possible Starbucks pre-agreement with COH but are they buying up stores at too high a price?
More dilution after today's RNS?
More dilution after today's RNS?
fancyfootwork
- 01 Jun 2005 13:08
- 188 of 2037
I seem to remember recently that when Cafe Nero published fantastic results COH benefited.... hopefully some good news on the speculative Coffee Rebublic takeover could also give COH a northwards push.
Here's hoping anyhow!
Here's hoping anyhow!
overgrowth
- 07 Jun 2005 17:51
- 189 of 2037
Excellent trading from CHIP (CoffeeHeaven In Poland) announced today:
The growth is really starting to show through now - just look at the phenomenal increase in net cash flows!!!
"Coffeeheaven's principal trading subsidiary, CHI Polska S.A. ("CHIP"), today announced in Poland its results for the year ended 31 March 2005 prepared in accordance with PL GAAP.
An extract from this announcement is set out below.
During the year ended 31 March 2005 sales at CHIP grew 45% to 21.91M PLN and earnings before interest, taxation, depreciation and amortization (EBITDA) grew by 142% to 2.36M PLN (prior year 0.98M PLN).
Net cash flows from operating activities grew 533% to 2.93M PLN (prior year 0.46M PLN).
CHIP reported an operating profit of 0.47M PLN (prior year loss 0.40M PLN) before other operating expenses/income, financial expenses/income, extraordinary expenses/income and taxation."
The growth is really starting to show through now - just look at the phenomenal increase in net cash flows!!!
"Coffeeheaven's principal trading subsidiary, CHI Polska S.A. ("CHIP"), today announced in Poland its results for the year ended 31 March 2005 prepared in accordance with PL GAAP.
An extract from this announcement is set out below.
During the year ended 31 March 2005 sales at CHIP grew 45% to 21.91M PLN and earnings before interest, taxation, depreciation and amortization (EBITDA) grew by 142% to 2.36M PLN (prior year 0.98M PLN).
Net cash flows from operating activities grew 533% to 2.93M PLN (prior year 0.46M PLN).
CHIP reported an operating profit of 0.47M PLN (prior year loss 0.40M PLN) before other operating expenses/income, financial expenses/income, extraordinary expenses/income and taxation."
stockdog
- 07 Jun 2005 18:36
- 190 of 2037
og - I was quite excitred too until I saw the cost of finance in the figures at the end of the report which seem very burdensome - will this be alleviated to some extent by the recent capital raising? Can't see how they can reach profitability on the basis of those interest charges without massive further growth.
have a look - interested what you think.
sd
have a look - interested what you think.
sd
overgrowth
- 07 Jun 2005 19:24
- 191 of 2037
sd - the report is made up in Zoltys, which makes the financing costs appear to be much more burdensome than they actually are.
Costs are in the region of 300,500 which doesn't seem too drastic for a whole year.
Richard Worthington predicted that there would be slowing in like-for-like sales in the Warsaw stores as the impact of increased retail space came on line - he also anticpated this to be a short term phenomenon. This suggests to me that we will be seeing much more powerful growth to come from the Polish outlets.
The recent fund raising won't have any impact on CHIP as it has been used to enable Coffeeheaven to purchase the Latvian outlets outright, so that they can benefit fully from future assest enhancement.
The coffee drinking phenomenon is only just starting to really take off in Poland, and as time goes on a substantial increase in throughput of customers is anticipated - this is what will provide the "massive further growth" for CHIP (they won't need to buy any more stores in Poland to achieve growth - it's now a matter of keeping things ticking over nicely and watching the profits start to multiply).
Costs are in the region of 300,500 which doesn't seem too drastic for a whole year.
Richard Worthington predicted that there would be slowing in like-for-like sales in the Warsaw stores as the impact of increased retail space came on line - he also anticpated this to be a short term phenomenon. This suggests to me that we will be seeing much more powerful growth to come from the Polish outlets.
The recent fund raising won't have any impact on CHIP as it has been used to enable Coffeeheaven to purchase the Latvian outlets outright, so that they can benefit fully from future assest enhancement.
The coffee drinking phenomenon is only just starting to really take off in Poland, and as time goes on a substantial increase in throughput of customers is anticipated - this is what will provide the "massive further growth" for CHIP (they won't need to buy any more stores in Poland to achieve growth - it's now a matter of keeping things ticking over nicely and watching the profits start to multiply).
stockdog
- 07 Jun 2005 19:35
- 192 of 2037
og - thanks, and always remember, Lloyds of London and the London Stock Market itself started in coffee shops!
sd
sd
overgrowth
- 08 Jun 2005 12:35
- 193 of 2037
Interesting that the price is quick to move today on small buys - there must be a large buy in the system.
COH have come out with plenty of good news recently, we should see the sp start to reflect that soon.
sd - did you read the Fyshe Research note on the COH website which suggests a buy with target price 2.5p ?
COH have come out with plenty of good news recently, we should see the sp start to reflect that soon.
sd - did you read the Fyshe Research note on the COH website which suggests a buy with target price 2.5p ?
stockdog
- 08 Jun 2005 14:03
- 194 of 2037
thanks, just read it - SP seems to be moving up a bit - looking forward to doubling my money.
sd
sd
overgrowth
- 08 Jun 2005 14:51
- 195 of 2037
The May/June Fyshe update sounds promising too:
"On 3rd May Coffeeheaven International PLC (COH) announced that gross revenue for the 12 months ending 31st March 2005 surged by 78% to 3.9 million just ahead of our expectations.
During the year the companys store portfolio grew by 16 to 38 stores (Poland 28, Czech 3 and Latvia 7). Moreover, COH has entered two new markets (Romania and Bulgaria) through joint ventures with local and experienced operators.
These factors along with the completed acquisition of Coffee Nation (Latvia) and steady progress in the Czech Republic mean that COH is well placed to achieve another year of solid growth and expansion.
We reiterate our BUY recommendation."
"On 3rd May Coffeeheaven International PLC (COH) announced that gross revenue for the 12 months ending 31st March 2005 surged by 78% to 3.9 million just ahead of our expectations.
During the year the companys store portfolio grew by 16 to 38 stores (Poland 28, Czech 3 and Latvia 7). Moreover, COH has entered two new markets (Romania and Bulgaria) through joint ventures with local and experienced operators.
These factors along with the completed acquisition of Coffee Nation (Latvia) and steady progress in the Czech Republic mean that COH is well placed to achieve another year of solid growth and expansion.
We reiterate our BUY recommendation."
stockdog
- 16 Jun 2005 15:31
- 196 of 2037
RNS Number:6663N
Coffeeheaven International PLC
16 June 2005
coffeeheaven international plc ("coffeeheaven" or the "Group")
New Stores Update
Bulgaria
coffeeheaven international plc is pleased to announce that it has contracted its
first store site in the Mall of Sofia shopping complex, currently under
construction in the centre of the Bulgarian capital Sofia.
Mall of Sofia ('MOS'), the first shopping and entertainment centre in Bulgaria,
comprises 35,000 sq m. of retail space and a further 10,000 sq m of offices.
Many of the 140 shops have been leased to international brands entering the
Bulgarian market for the first time. MOS, which has announced it is fully
leased, includes the first 3-D IMAX cinema in the country and is expected to
open in early March 2006.
Commenting on the above, Executive Chairman Richard Worthington said "We are
delighted to have secured such a prime location for the first coffeeheaven store
in Bulgaria. "This success is very much the result of a team effort with our
Bulgarian partners".
For further information, please see the Company's website,
www.coffeeheaven.eu.com or contact:
Richard Worthington, Executive Chairman Tel: +48 606818850 or +44 7973 442331
E-mail: richworth@aol.com
Simon Turton, Opera Tel: 0845 060 0650 or 07976 826004
E-mail: simon@operapr.com
Jeremy Porter, Seymour Pierce Ltd Tel: 020 7107 8000
And they drop the offer a tick - dazed and confuzed, need a coffee, man, know where I can get a decent cuppa, anyone?
Coffeeheaven International PLC
16 June 2005
coffeeheaven international plc ("coffeeheaven" or the "Group")
New Stores Update
Bulgaria
coffeeheaven international plc is pleased to announce that it has contracted its
first store site in the Mall of Sofia shopping complex, currently under
construction in the centre of the Bulgarian capital Sofia.
Mall of Sofia ('MOS'), the first shopping and entertainment centre in Bulgaria,
comprises 35,000 sq m. of retail space and a further 10,000 sq m of offices.
Many of the 140 shops have been leased to international brands entering the
Bulgarian market for the first time. MOS, which has announced it is fully
leased, includes the first 3-D IMAX cinema in the country and is expected to
open in early March 2006.
Commenting on the above, Executive Chairman Richard Worthington said "We are
delighted to have secured such a prime location for the first coffeeheaven store
in Bulgaria. "This success is very much the result of a team effort with our
Bulgarian partners".
For further information, please see the Company's website,
www.coffeeheaven.eu.com or contact:
Richard Worthington, Executive Chairman Tel: +48 606818850 or +44 7973 442331
E-mail: richworth@aol.com
Simon Turton, Opera Tel: 0845 060 0650 or 07976 826004
E-mail: simon@operapr.com
Jeremy Porter, Seymour Pierce Ltd Tel: 020 7107 8000
And they drop the offer a tick - dazed and confuzed, need a coffee, man, know where I can get a decent cuppa, anyone?
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter