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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.’ |
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?
overgrowth
- 16 Jun 2005 15:41
- 197 of 2037
sd - it amazed me too - this is great news and shows that COH are continuing nicely with their agressive roll-out plans.
I hear there's a chain of coffee shops in Poland (with some branches in nearby countries also), with well-trained staff, excellent coffee and nice sandwiches and cakes...
I hear there's a chain of coffee shops in Poland (with some branches in nearby countries also), with well-trained staff, excellent coffee and nice sandwiches and cakes...
ptholden
- 16 Jun 2005 15:42
- 198 of 2037
Sofia
stockdog
- 16 Jun 2005 16:29
- 199 of 2037
How is the old girl? Coffee AND buns - mmmm delicious thought.
overgrowth
- 16 Jun 2005 16:31
- 200 of 2037
lol!
stockdog
- 16 Jun 2005 16:48
- 201 of 2037
On reflection, can only assume the MMs are trying a bit of a tree-shake to frightend off some loose stockholders and get more into the market. It is only the offer tha's reduced, the bid stays the same, so maybe they just want to tempt in some buyers.
Tomorrow is another day.
sd
Tomorrow is another day.
sd
richie1saunders - 26 Jun 2005 17:46 - 202 of 2037
Interesting article in the Times on Saturday discussing the recent flood of investment into Eastern Europe. Having read it I then pondered the fact that I had just been persuaded to part with 3 in CFN for a coffee and a chocolate brownie. Let us hope COH can do a CFN!!
overgrowth
- 27 Jun 2005 08:14
- 203 of 2037
Richie - that "flood of investment" will bring with it more coffee drinking punters from other countries visiting on business and will also help boost the economy of the countries concerned which suggests that the natives will have more disposable income to spend on coffee as they go about their daily business or leisure activities.
I think it is the disposable income aspect that is currently the only thing which is holding back the rapid growth of the coffee shop culture in these countries.
A few more punters and the tills will be ringing nicely for COH, any evidence of rapid growth in profits and this will take off, until then it's a bit of a waiting game.
I think it is the disposable income aspect that is currently the only thing which is holding back the rapid growth of the coffee shop culture in these countries.
A few more punters and the tills will be ringing nicely for COH, any evidence of rapid growth in profits and this will take off, until then it's a bit of a waiting game.
AdieH
- 27 Jun 2005 09:24
- 204 of 2037
Good poster on ample saying that he had recieved a reply from Mr Worthington (CEO) of COH regarding funding/profit/future. Basically they are set up to enter Ukraine but because of certain issues (can only guess political stability) they are holding back at present.
Could not confirm how the company would be funded (in detail), basically it depends on the growth of the company.
Profit is tied in with the growth of the company, Richard stipulated that all information was on web site but profit was difficult to forecast at present and the company did not want to set targets that could then be used as bench (He did say take a look at Coffee Nero to compare growth).
As the poster on ample says it would be good to see forecastes as this would then attract potential investors to
Anyway back to work.
Could not confirm how the company would be funded (in detail), basically it depends on the growth of the company.
Profit is tied in with the growth of the company, Richard stipulated that all information was on web site but profit was difficult to forecast at present and the company did not want to set targets that could then be used as bench (He did say take a look at Coffee Nero to compare growth).
As the poster on ample says it would be good to see forecastes as this would then attract potential investors to
Anyway back to work.
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