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.’

A LYING PRAT IS NEARER THE TRUTH..

based on what beemer, that fact that you ar so easy to wind up and lose your cool too quickly

Coffee Heaven? more like Coffee Hell!!!!

Thats it for me I'm off to fresh pasture's where there are no 10b's BMW's or Hitmen (who ever you are?) I suggest people check to see that none of the above have previously posted on any site and then enter safe in the fact that a little Knowledge is a dangerous thing!!!!

ORIGIONAL MR COOL....LOL

MERVILLE

WERE IS YOUR STAMINA...

How right you are Merville

Stay with us M watch me win

You are a born loser...

Now where has the old fart gone...

Can anybody post the Kam Patel write up over on advfn...very interesting.

Posted by NECTARIOUS at 19.37.

Kam Patel, 06/07/07 12:37

coffeeheaven, the coffee bar operator with a focus on central Europe, put out a strong update revealing further impressive like for like growth across its markets, including Poland and Bulgaria.
First quarter group like for like sales growth came in at a robust 21% with total store net sales up 59% to 3.4m. At the end of the June its estate comprised 67 stores in countries and its cash position stood at 5.3m.

Like-for-like sales rose 20% in Poland; 28% in Czech Republic; 10% in Latvia; and 73% in Bulgaria. The company says trading in all markets remains buoyant. Encouragingly, sales growth was stronger towards the end of the first quarter.

Coffeeheaven also announced it has increased its equity interest in CHIR Cafe in Romania to 85% from 19% for a nominal consideration. Meanwhile, in Bulgaria, it has increased its stake in CHI in Bulgaria from 19% to 100%. The consideration was not material.

It expects to open the first coffeeheaven store in Bucharest and Budapest during the current financial year. In addition, a number of sites in Hungary are under negotiation, with one already contracted.

The group says its strong sales growth is being driven by a mixture of favourable economic conditions across central Europe and growing awareness and appeal of its coffeeheaven brand.

To help boost staff retention and performance the group has introduced a company wide employee share ownership scheme that will benefit 50% or more of coffeeheaven's employees, from store managers, to baristas (experts in preparing espresso-based coffee drinks), through to staff at the till.

The update pleased Numis analyst Jose Marco, who says the very strong likes for like growth supports his view that the branded coffee bar market in Central and Eastern Europe is growing rapidly. 'It is still a relatively new phenomenon, so in order to take advantage of this, we believe that coffeeeheaven's strategy of having first mover advantage and expanding into neighbouring countries is proving to be very successful,' he adds.

Marco welcomes the introduction of the employee share ownership scheme, which he regards as 'pioneering' in the context of Central and Eastern Europe. As well as improving staff morale and retention, the scheme should help motivate staff if competitors were to enter the region, he says.

Despite current like for likes being ahead of his expectations, the analyst has left his forecasts unchanged to reflect the losses from store openings in new countries - Bulgaria, Romania and Hungary.

Numis anticipates current year pretax profits of 300,000 and earnings per share of 0.3p, rising to 500,00 and 0.4p in 2008; and 1m and 0.7p in 2009.

The broker reiterates 'buy' on coffeeheaven international PLC shares with a target price of 66p.

The strong update and continuing bright growth prospects for the group led to its shares rising 1.25p or 3% to 41.75p, valuing the company at 48.5m.

......nothing we haven't read before.

Some of us hav'nt...thanks for posting.

One of the reasons I wanted it posted on here is because the knobhead was going on about an old Numis note...this one should shut the prat up.

Good morning beener. Think I made some comments on the above already, its such and influential scibbling it managed to send the SP down!

I think people are begining to wise up, I think you may be too.

Like for likes and proit projections are all very well, but as the old gal used to ask//"Wheres the Beef"

IE THE BORROM LINE THE "NETT PROFIT"

Thats the thing that keeps you out of debt.

You can have great "like for likes" and great gross protif projections, but if your running costs are too high and you have no effective cost controls----then it anit worth zilch!

Have a nice weekend

You are a complete idiot...your old Numis note which you keep ranting on about seems to be a load of old b******s.

Have a nice weekend.

YES BEEMER AND ITS NICE TO SEE YOU AGREE WITH ME, ALTHOUGH I WOULD NOT HAVE PUT IT SO CRUDELY.

So you agree with my post that your posts are a load of old b******s.

you said the Nummis Note was ----I just agreed

IAN...I HOPE YOU ARE READING ALL THIS...HE SHOULD BE BANNED...BAN ME AS WELL IF THATS WHAT IT TAKES.

Beemer it you who should be banned for your outlandish ramps and prosecuted.

i've said it before, but i'll say it again though i run the danger of getting as boringly repetitive as you 2 children + your other few playmates ...... 10B is very very tiresome, but you (all) give him oxygen by responding ..... if you cannot resist, then use the simple expedient of the "squelch button", as Ian has already recommended