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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

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

AdieH - 12 Jul 2007 11:02 - 1786 of 2037

More suited to a middle distance or marathon... good correlation...

cynic - 12 Jul 2007 11:03 - 1787 of 2037

poor thing will die of old age before it gets to the finish!

AdieH - 12 Jul 2007 11:06 - 1788 of 2037

Depends on the jockey, RW onboard so I will guess it will get there in the end and probably a good each bet from here...

David10B - 12 Jul 2007 13:36 - 1789 of 2037

GENTLEMEN ALL VERY ENTERTAINING I AM SURE, BUT HOW ABOUT SOME FIGURES ON THE LOSSES COH RETURN.

HAVE I GOT IT RIGHT OR WRONG?

paulj - 12 Jul 2007 14:24 - 1790 of 2037

I see you've been sticking your miserable oar in on the WNG thread following some recent sp turbulence there, David. What an shameless, opportunistic tart you are! But don't spread your nonsense too thinly, its quality may diminish. Oh, and it doesn't take a genius to work out why you were drummed out of that Manchester-based share club. I hope you didn't drive them all to suicide or life-long dependence on happy pills.

David10B - 12 Jul 2007 14:24 - 1791 of 2037

Now this looks interesting as I thought COH had denied the link up.

Take a look a see what you think.

FINANCE
Coffee Heaven might become majority shareholder in Snack Atack
Coffee Heaven chain might increase its shares from 19 percent to 85 percent to CHIR Cafe Bucharest, 80 percent owned by Snack Attack. The company currently negotiates to purchase some spaces to open coffee shops, the first unit being opened this year in Bucharest. Snack Attack chain estimates for this year a turnover of EUR 7 million compared to EUR 4 million in 2006.

http://www.businessromania.com/index.php?x=readnews&sid=10161

If true be interesting to see what COH paid as SNACK ATTACK was really cheap a few years ago and Worthington could have picked it all up for a song.

However we are now in a did we, dont we, not situation and the need for and RNS is obviously pressing to the intellegent observer at least.

Interesting story though as it imtimates on the COH need for good sites, which are obviously in great demand.

COH needs more top sies if it is to survive, let alone make a profit

David10B - 12 Jul 2007 14:32 - 1792 of 2037

paulj

Yes they did actually get fed up with me in the end, I still wonder why.

How did you guess that. I did not drive anyone to suicide but a few got very depressed, after leaving thier money in Wiggins, and I pulled mine out.

Last I heard they were still on anti-depressants.

Shameless I may be, as I come from a banking family(not my background though) and my only concern is me and money, but opportunistic never I research too much.

Miserable yes, definately! As I remember Manchester as it once was.

AdieH - 12 Jul 2007 15:33 - 1793 of 2037

Glad to see were not the only ones, could I suggest like I am doing is inform IanT via his email when we are concerned regarding Davids posts... It has to make a difference at some point, this is if you haven't already squelched him as Ian has requested we do...

We know it isn't just COH thread I know of at least two others he is winding up the posters with his " I am the all seeing saviour of private investors "... Absolute joke this person is and personally I do hope he turns up at the COH in Nov/Dec... Regards to all normal people...

David10B - 12 Jul 2007 15:39 - 1794 of 2037

Adieh when you have finished runing and crying to IAN, BIG TOUGH BOY AS YOU MAKE YOURSELF OUT TO BE-----WHY NOT TRY SOME SERIOUS DEBATE ON THE NUMIS NOTE AND LOSSES OF COH

THATS WHAT THESE BBS ARE HERE FOR ARE THEY NOT---OR would YOU just prefer ramps

cynic - 12 Jul 2007 15:50 - 1795 of 2037

shut it 10B ..... you have now said the same piece 25 times over or more

David10B - 12 Jul 2007 15:59 - 1796 of 2037

AdieH

YOU OBVIOUSLY HAVE A GREAT BIG BEEF--SURE I POST SOME NEGATIVE COMMNETS ON WHAT I CONSIDER TO BE DOG, AND YES THOSE WITH MONEY IN WHAT I CONSIDER TO BE DOGS WOULD GET UP IN THE AIR IF THEY ARE LIKE YOU.

BUT LETS GET THIS CLEAR ITS COH THATS GOT YOU BEAT AS I HAVE CONTINUALLY CALLED IT RIGHT.

HOWEVER I HAVE POSTED MORE GOOD POINTS ON GOOD SHARES THAN BAD POINTS ON BAD SHARES.


I EVEN CRITICISE TWO OF MY OWN SHARES CFE( I HAVE A VERY LARGE HOLDING) AND THE DOG I HAVE LENNOX HOLDINGS----I DONT CRY OVER THEM AND WHY?

WHY BECAUSE I WANT TO POST HONESTLY AND FAIRLY AND EXPRESS AN UNBIASED OPINION.

BY YOUR CONSTANT PITIFUL BLEATING YO SHOW YOURSELF FOR WHAT YOU ARE. AND YOUR INSECURITY IN COH..

I BOUGHT 50000O LNX I LAUGH AT IT AND MOVE ON---YOU WANT TO KNOCK THEM ...BE MY GUEST AS THI IS A BIG BOYS GAME.........BUT HOWEVER LONG ON ThE MOUTH YOU ARE YOU HAVE STILL NOT ANSWERED MY FINDINGS ON THE NUMIS NOTE IN A STRAIGHT FORWARD AND MANLY WAY---WHY NOT?

THESE BBs ARE FOR AN INDEPTH DISCUSSION ON SHARES AND NOT AN EXERCISE IN RUNNING TO TEACHER WHEN YOU CANT GET YOUR OWN WAY.
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