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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 - 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.

David10B - 12 Jul 2007 16:02 - 1797 of 2037

CYNIC LOTS OF THINGS GET SAID OVER AND OVER AGAIN ON ADVFN FOR EG

Even you my friend can sometimes be boorish repetitive. but I have learnt the art of humouring people

proteus - 12 Jul 2007 19:18 - 1798 of 2037

Just a rare visit to see if he's banned yet.No luck so far so keep e-mailing IanT if you're unhappy.Never forget you are the customers , without you the sites do not exist.
Incase anyone listens to his waffle about NTAV being at a discount to share prices here are some examples mainly from the FTSE top 10 and a couple from the top 100.The figures for NTAV are the % DISCOUNT to the company share price.

OILS BP 72% Shell 63%

PHARMA Glaxo 93% Astrazenneca 87%

Banks Barclays 73% HSBC 65%

Miners Rio 83% Angloamerican 77%

Telecoms BT 94% Vod 88%

Two of the largest IT companies are Logica who have a NEGATIVE value of 36p and a share price of 153p and Capita NEGATIVE 49p,share price 761p.

As usual 10B shows total ignorance of what NTAV means.I'm not going to debate it with him it would be easier to teach a caveman Quantum mechanics.

Keep making your views known to IanT.

beemer2 - 12 Jul 2007 20:28 - 1799 of 2037

IAN...MAY I SUGGEST YOU CONTACT COH AS YOU KNOW THE REAL NAME OF David10B AS THEY HAVE A VERY LARGE DOSSIER ON HIM.

YOU WILL HOPEFULLY THEN REALISE WHO YOU ARE DEALING WITH.

PS...ALSO GET IN TOUCH WITH ADVFN AND YOU WILL FIND OUT THAT JIM BENTLEY DAVIS IS THE SAME PERSON AND THEY ARE ALSO FED UP WITH HIM ON THEIR COH THREAD.

AdieH - 12 Jul 2007 22:13 - 1800 of 2037

I have to say it is a real shame that a once great thread has degenerated into this (I include myself in this as a culprit). I used to enjoy coming on here to exchange views on a share I hold and a company that I see doing the right things for its investors and customers. The only comfort I take is the other boards that David posts on have also degenerated so it says something more about David than the rest of us... I cannot believe David has retired as someone of that age should really know how to act better and if he is married I feel very sorry for his wife and family because if he acts like this on a bulletin board God knows what he is like in real life... I am tempted to delete MoneyAM from my favourites and not post on here again... Good Luck to posters on here you will need it whilst David continues to post. Regards a happy COH holder but disillusioned bulletin board poster...

David10B - 12 Jul 2007 22:39 - 1801 of 2037

Adieh you used to enjoy have it all your own way and imparting your views and nothing else. I now formally take the strongest objection you your personal posting and like you will now run crying to Ian to have you, it or both removed.

You seem to thrive on threats and intimidation--so dont say you are going--just go!

David10B - 12 Jul 2007 22:41 - 1802 of 2037


Look guys if you want to ban me then go ahead and an me, but please give your solid reasons for doing so as there are laws to protect my right to free speech on a public BB.

So what is so offensive to you?.

Is it my total ignorance of the market and how its works?

Well that being the case I am, as I said right from the start, here to learn.

Are all you illustrious opposers of mine, opposed too as well to educating the ignorant? Which I humbly confess to be on most things

Or could there be a more sinister rational?

Could it be that people such as AHIEH and beemmer, angry people at best, are annoyed that I have busted up their comfortable taitatait rampings of COH--the more they ramp the more suckers get drawn in etc etc.

I have exposed COH for what I believe it to be and called it right dead right and now there is obviously more to come as its still a loss making company which appears to me to be runing around in circles and paying propbably over the odds for Snack Attack, a complete chain of outlets Worthigton could have bought for a song not that long ago.

I was a member here for years before I posted---thats right years, I just read the posts and picked up what I could, an yes made some little money out of the market.

We all have our different ways of doing things, I happen to follow WB principles.

I dont agree with TA, as I do not agree with crystal balls, and witchcraft, I believe in solid fundamentals and these tell you to go on past performance and solid accounts. ie concret laying.

I dont believe that you can forecast share performance as there are so many imponderables moving in on the equations daily if not hourly.

Although that said I appreciate the work cyinic and PTH put into thier craft.

Since forecasting the COH drop its got very personal---to me I dont mind as infantiles usual cry when they toys are taken away, as do bullies when they cant get their own way.

No problem for me, none what so ever.

I now see that beemer says COH has a dossiers on me, mmmhhh reminds me of the good old days of the Cold War.

Yes I am highly critical of Richard Worthington, and yes I think things are not as they should be at COH---but I say so here and out in the open.

You see I have nothing to hide and I would now very much like to see the COH dossier on me, if in fact there is one.

Under the Freedon of Information Act I am entitle to see any files etc,etc

But let me make it easy all round, for if Mr Worhtigton has been telling his sychopants tales out of school, which beemer sems to imply, then that to is further misconduct for a CEO.

So my message is cklear to Mr Worthingtom and co, if indeed as your shareholder beemer claims you have a dossier on me for simply publicly opposiing your COH and BKE business methods, then why not do as I do and publish what you have here, right here, ! right now, today and lets clear the air!

You can rest assured of two things, with the recent events in COH leave more questions unanswerd than answered and I will keep seeking the truth.

Furthermore if you are man enough to publish this alledged dossier that your appear to happy to informMr beemer that you have, may I respectfully suggest that kindly ensure that when you put it here its all cortect and true as there are some very stringent libel laws.

And more importantly, if as you claim you know me then obviously you will be aware that I have just won two libel cases, and settle one in my favour out of court, and very lucrative ideed they were! People only "thinking" they knew what they were talking about as opposed to knowing.

You see fans what ever and when ever I will always seek out and go for the truth over everything else.

Like what some of you say here I am COH bashing or WNG bashing---that not quite so///there is nothing in it for me.

I just happen to feel that financial BBs are not all about a vested interests ramping of owned shares.

Financial BBs should be about educating and enlightening, freely, honestly and openly.

I was party to the WIGGINS debacle I dont want to see that again in any shape of form.

I am so crital f the FSA they should have prosicted Tom Winnifirth for the Oliver Inny interviews which gave by chance of design, I really do know, the sentiments that things were right with Wiggins. They were not Wiggins went bust taking shareholders fund with it many life saving went to the wall.

Also your tax monies went in the form of EU grants that Wiggins direwctor falsely in my opion cliamed fro the the EU RDFs.

I made severel protestations to the various EU departments and MEPs involved in giving WIGGINS you loot, and not one did a darned thing, they were happy to lose the grant money which went to the wall with WIGGINS, as of course the tax payers were paying.

HOWEVER WHEN WE STOP LOOK FOR "FAIR PLAY" WE MAY AS WELL JUST STOP!

If you want to ban me then ban me(stating why) if not I will be back tomorrow looking for more answers on the COH/Snack Attack tie up---opps no not tomorow got a lunch meeting with with a finance director of one of my companies that I invest in.

But over the weekend.

Have a really good night and I trust you all sleep as soundly as I.

beemer2 - 12 Jul 2007 22:45 - 1803 of 2037

"won two libel cases"...LOL.

IAN...PLEASE REMOVE HIM, FOR EVERYBODY'S SAKE.
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