Any thoughts on the share entitlement of 2 shares for every 3 held at 1p. Is this offer worth taking up?

Yep,there is an update due from the company in the next few weeks. After that it is going to move above 2p if not 3p.

Ta!

i would wait until these shares move significantly upwards before buying . big investors have lost money before and will do again. its not a way of deciding which share to buy just because institutions and individual investors have bought it.i think we have all lost money following the big boys before...............

Coffee Republic is going to give us an update this monday 23/12.

2p-3p a shares is coming very very soon...........

Ta!

Gooday Apterea

Like me you sound very optamistic. What is this update going to be on.

http://www.fool.co.uk/news/comment/2003/c031219c.htm

http://www.fool.co.uk/news/comment/2003/c031219c.htm

Coffee Republic PLC - Interim Results
RNS Number:5421T Coffee Republic PLC
22 December 2003FOR IMMEDIATE RELEASE

COFFEE REPUBLIC PLC INTERIM RESULTS FOR THE SIX MONTHS TO 28 SEPTEMBER

2003Chairman's StatementIntroductionThe first half has seen significantly narrower losses in comparison with thesame period last year as the impact of the restructuring takes effect. We arepleased to announce that shareholders approved the placing and open offer at theend of November raising, in aggregate, #2.03 million before expenses. The fundsraised ensure our financial stability for the foreseeable future, and providethe platform to refurbish the estate and enhance the food offering inassociation with the Deli roll-out.Interim ResultsSales for the first half fell as expected by 26% to #11.4 million (2002: #15.4million) following the planned closure of non-core bars. Despite testing marketconditions our continuing bars delivered a stable performance for the six monthsexperiencing a marginal decline in like-for-like sales of 0.9%.The operating loss before exceptional items narrowed to #0.9 million (2002: #1.5million) as a result of an improvement in gross margin percentage of 1.5percentage points and tight cost control reducing central costs. The net losssignificantly narrowed to #1.0 million (2002: #3.9 million).Current TradingWith regards to recent trading, subdued retail sales on the high street and theuncertainty over Coffee Republic's future, which was only lifted following thecompletion of the recent fundraising, had an adverse effect on trading resultingin like-for-like sales from continuing bars 2.5% negative for the year to date.RestructuringOur estate rationalisation is moving ahead on plan. We disposed of 10 barsduring the period reaching 72 trading bars as at 30 September 2003 compared to104 as at 30 September 2002. Subsequently, we have disposed of a further 5 andcurrently have 67 bars. Based on our target of 50 core continuing bars, we have17 disposal bars remaining, 10 of which are either under offer or have beenexchanged.As stated before, the overhead and other cost savings derived from therationalisation programme are now taking effect and have assisted in reducingthe losses substantially from the previous period.Cashflow and FinancingCashflow from operating activities improved to #0.3 million (2002: #0.1 million)as a result of the cost saving measures and active management of workingcapital. Therefore, net debt decreased by #0.3 million to #3.2 million.As part of the fundraising we renegotiated a new 5 year #3 million bank facilitywith Barclays Bank plc.BoardWith the financial restructuring largely complete, Richard Bingham, will beleaving the board at the end of the calendar year. I would like to thankRichard for his support and invaluable contribution to the restructuring overthe past 18 months. The company will look to strengthen the board in thefuture.OutlookWith new equity and banking facilities, the financial stability of the businesshas seen a substantial improvement. Considerable management time has beeninvested in securing the refinancing and following its completion the renewedstability will allow management and staff to focus on a number of keyimperatives for the business.First and foremost efforts are being made to re-invigorate the continuing coffeebar estate and improve sales performances. In addition, we will continue torationalise the estate and expect to approach our desired profitable core of 50continuing bars within the next twelve to eighteen months.The two trial delis in Baker Street and Exchange Square in the City of Londoncontinue to produce encouraging results. We are now entering the final phase ofthe deli offering's testing and evolution into a differentiated and profitablefood-led proposition. We expect to commence conversion of coffee bars to delisin Spring 2004 and will initially roll-out the concept on a prudent and measuredbasis.The Company has now emerged from a period of uncertainty and can use the stableplatform created to execute its food-led strategy.
Bobby HashemiChairman

2-3P soon..........very very soon.

Apterea,that's cheered me up i've been looking for comp.memory all night and after a few beers it was a welcome if not optomistic view-lol

Apterea Good to see someone else being positive about Coffee Republic. I still think they are worth a buy at todays price, and I agree we could see 2-3p in due course perhaps not quite so soon as you predict though.

Technical Analysis
Short Term Commentary:
The market is slightly oversold and without a clearly defined short term trend. A price recovery to the 1.24 level can as well be expected.

Medium Term Commentary:
Medium term price trend for Coffee Republic is still bullish this week. This stock overperforms the FTSE 100 INDEX by 3.84 %. Volatility has been decreasing during last month.
Support at 1.03p / Resistance at 1.68p

These must be ready for a bit of action soon! Any thoughts?

Food is where the money is. Just look at the none stop ringing of tills of sandwich shops around the country.

Now, because Coffee Republic did not do so well in the over expanded coffee market and the fact that the owner (Hashemi) decided to leave when they needed him most, left the public sentiment weak in Coffee Republic.

Firstly the Coffee Republic Brand is going to have to go( and it cant come quick enough), there is just so much bad feelings attached to this name. The name change to Republic Deli should kick start new interest in the company thus reflecting in the company share price. Secondly the food has to be affordable, its no good doing fancy food that people cant afford. The money is definetly there to be made. All this and the shop convertions is going to take roughly 18 months they reckon. Play it right and the share price is destined to rocket. I cannot wait.

No-one talking about the 20% drop today - I can not find any news - does anyone know? Is it worth buying these for a quick return?

Could be. The gap was a bit big!

Yes - spread currently .87p buy, .77p sell - think i'll wait and see if it will narrow.

The drop in share price for CFE was quite substantial I must admit. Somebody somewhere knows something. On the other hand the big drop could be due to the news of Prudential and its subsiduries taking another big chunk of shares out of circulation. Does anyone agree ???????????

It does not say that they have taken any shares out of CFE