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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.’ |
AdieH
- 26 Oct 2005 13:45
- 260 of 2037
My understanding is that it will also bring the company to the attention of the institutions, someone mentioned that they won't invest in companies below a certain cap... Anyway my take on it is that the company are moving forward, hopefully the money will be used on an aggressive expansion plan, also not the polish connection mentioned in the RNS, experience there to assist in the growth.
The mm's are having fun trying to flush out PI's to pick up stock, would expect the price to drop slightly on this news but hopefully recover once the new shares are listed.
IMHO.
The mm's are having fun trying to flush out PI's to pick up stock, would expect the price to drop slightly on this news but hopefully recover once the new shares are listed.
IMHO.
stockdog
- 26 Oct 2005 15:34
- 261 of 2037
No Ted1, 1p is the nominal value of each new share (irrelevant to us for all practical purposes), not its market value which will be 12.2p mid. Each existing share now worth 1.22p will be converted into a tenth part of each new share worth 12.2p.
The question I have, because I have only read the RNS quickly is - am I entitled to 1 in 50 of my existing number of shares, or 1 in 50 of the number I will have upon cosolidation (one tenth of the first version)? Anyone know the answer?
sd
The question I have, because I have only read the RNS quickly is - am I entitled to 1 in 50 of my existing number of shares, or 1 in 50 of the number I will have upon cosolidation (one tenth of the first version)? Anyone know the answer?
sd
sjtee
- 27 Oct 2005 01:00
- 262 of 2037
This was in the uk analyst newsletter today
Coffeeheaven International saw its shares initially slide after the company announced details of a discounted fundraising - but the share recovered to finish unchanged at 1.225p. The company is proposing a share consolidation on the basis of 1 for 10 and a fundraising at 11p, or the equivalent of 1.1p in the old form. The operator of sandwich bars and coffee shops in central Europe, said it would raise 6.25 million pounds from a share placing and open offer. The group will raise 5.2 million pounds from the placing and the remainder from the open offer, with the funds being used to repay existing loans and provide working capital.
Coffeeheaven International saw its shares initially slide after the company announced details of a discounted fundraising - but the share recovered to finish unchanged at 1.225p. The company is proposing a share consolidation on the basis of 1 for 10 and a fundraising at 11p, or the equivalent of 1.1p in the old form. The operator of sandwich bars and coffee shops in central Europe, said it would raise 6.25 million pounds from a share placing and open offer. The group will raise 5.2 million pounds from the placing and the remainder from the open offer, with the funds being used to repay existing loans and provide working capital.
dclinton
- 27 Oct 2005 10:54
- 263 of 2037
Ted1 - no, the 0.1p and 1p quoted are the nominal value of the shares to the company (an accounting technicality). When the consolidation occurs you will simply hold 1/10th the number of shares which should then be worth 10 times the value from the day before.
In practice, a consolidation usually has some effect on the price, but that is just the normal market operation kicking in as people re-adjust their idea of the value.
In practice, a consolidation usually has some effect on the price, but that is just the normal market operation kicking in as people re-adjust their idea of the value.
richie1saunders - 27 Oct 2005 20:55 - 264 of 2037
As I understand it Stockdog you will be entitled to 1 in 50 of your existing number of shares or 1 in 5 at the new price of 11p. Do we trust the management on this one? I say yes - a more rapid, yet still measured, expansion will be possible in the target markets cutting off any competition at the pass hopefully. Market Cap goes up, share price at 11p = more investors willing to put money in to company. RW has done well so far, let's stick with it. This will be the Caffe Nero of Eastern Europe.
richie1saunders - 27 Oct 2005 21:08 - 265 of 2037
Incidentally for what it's worth, further BUY recommend from RHPS weekly update issued today. Impressed that PI's will get a slice of the action at the discount price (currently) of 11p. Thoughts?
AdieH
- 28 Oct 2005 08:15
- 266 of 2037
Article in newspaper (independant) quotes the recent RNS and suggests a positive move also. Exciting times ahead I think, glad to be holding and hoping to increase holding soon...
zscrooge
- 30 Oct 2005 20:10
- 267 of 2037
The Independent.
"Finally, Coffeehaven International, steady at 1.22p, unveiled a 6.25m fund-raising. The operator of sandwich bars and coffee shops in central Europe will use the cash to pay down its debt pile and expand its business in what is a fast-growing region of the continent. Word has it a number of heavyweight institutional investors have backed Coffeehaven's fund-raising, including a high-profile name from the UK retail sector."
"Finally, Coffeehaven International, steady at 1.22p, unveiled a 6.25m fund-raising. The operator of sandwich bars and coffee shops in central Europe will use the cash to pay down its debt pile and expand its business in what is a fast-growing region of the continent. Word has it a number of heavyweight institutional investors have backed Coffeehaven's fund-raising, including a high-profile name from the UK retail sector."
AdieH
- 31 Oct 2005 08:30
- 268 of 2037
COH is getting some exposure now, hopefully more PI's will jump in and the rumour of institutional investors is excellent also.
Ted1 - 31 Oct 2005 17:04 - 269 of 2037
Some nice buying today and a 1.1mil buy after the bell.
All looking good
All looking good
richie1saunders - 02 Nov 2005 20:25 - 270 of 2037
Solid market support for the proposals. Clearly many punters are expecting the share price to fare well post placing/open offer and consolidation. I see that NFI Empik Media & Fashion who are taking a 10% holding are the largest non-food retailers/wholesalers in Poland. Useful friend for COH to have...
richie1saunders - 05 Nov 2005 11:37 - 271 of 2037
An article in 'Shares', another write up in RHPS and the IC advising investors to take up the offer - can't cope with all this coverage!
AdieH
- 05 Nov 2005 17:03
- 272 of 2037
Can anyone post the article from the shares mag please...
Ted1 - 06 Nov 2005 09:46 - 273 of 2037
Have any of you guys taken up the open offer as I have?
Haven't seen the article myself but it's in pdf format so unable to copy apparently. But it's a positive write up by all accounts.
Haven't seen the article myself but it's in pdf format so unable to copy apparently. But it's a positive write up by all accounts.
irbow - 06 Nov 2005 10:47 - 274 of 2037
Yes I've sent in my application form, the deal seems too good to refuse as I've been planning to increase my holding anyway.
richie1saunders - 06 Nov 2005 13:40 - 275 of 2037
Likewise irbow. Anyone planning to go to the EGM?
Ted1 - 06 Nov 2005 16:27 - 276 of 2037
AdieH
Someone posted this on the other bb hope they don't mind it's the shares mag article or part of it anyway.
"Coffeheaven International, the Eastern European coffee bar and sandwich shop chain, is raising 6.3m to spend on expanding into new countries and cutting out its debt.
Poland's largest retailing company has taken a 10% stake in the company, which has also attracted major AIM fund managers to buy its shares for the first time. Coffeeheaven, which operates a chain of 38 branded coffee/sandwich bars in Poland, the Czech Republic and Latvia, has raised 5.2m from new UIK institutional investors and plans to raise a further 1m more by the end of November.
If successful, the amount raised will almost double Coffeeheaven's market capitalisation and will go on establishing sites in Bulgaria and Romania, while 2.8m will go on paying down all of its debt. This will save 250,000 a year in interest payments.
While Icelandic raiders have been notorious in buying up stakes in UK retailers over the past few years,a new Polish conglomerate has emerged as a major shareholders in Coffeeheaven. NFI EMPIK is the largest non-food retailer in Poland and holds 10% of Coffeeheaven's shares. It owns clothing brands including Xara, River Island and Mango.
Coffeeheaven's chairman Richard Worthington reckons that NFI has been attracted by Coffeeheavens's strong brand appeal as a food chain in what is a very nascent European market. 'we don't have any deals with NFI and i think they are just waiting to see what happens to our roll-out'he says.
Last year, Coffeeheaven announced a 78% increase in gross revenue, while it increased the number of sites by 16 to 38"
Shares suggests that COH is 'interesting' due to institutional interest.
Someone posted this on the other bb hope they don't mind it's the shares mag article or part of it anyway.
"Coffeheaven International, the Eastern European coffee bar and sandwich shop chain, is raising 6.3m to spend on expanding into new countries and cutting out its debt.
Poland's largest retailing company has taken a 10% stake in the company, which has also attracted major AIM fund managers to buy its shares for the first time. Coffeeheaven, which operates a chain of 38 branded coffee/sandwich bars in Poland, the Czech Republic and Latvia, has raised 5.2m from new UIK institutional investors and plans to raise a further 1m more by the end of November.
If successful, the amount raised will almost double Coffeeheaven's market capitalisation and will go on establishing sites in Bulgaria and Romania, while 2.8m will go on paying down all of its debt. This will save 250,000 a year in interest payments.
While Icelandic raiders have been notorious in buying up stakes in UK retailers over the past few years,a new Polish conglomerate has emerged as a major shareholders in Coffeeheaven. NFI EMPIK is the largest non-food retailer in Poland and holds 10% of Coffeeheaven's shares. It owns clothing brands including Xara, River Island and Mango.
Coffeeheaven's chairman Richard Worthington reckons that NFI has been attracted by Coffeeheavens's strong brand appeal as a food chain in what is a very nascent European market. 'we don't have any deals with NFI and i think they are just waiting to see what happens to our roll-out'he says.
Last year, Coffeeheaven announced a 78% increase in gross revenue, while it increased the number of sites by 16 to 38"
Shares suggests that COH is 'interesting' due to institutional interest.
AdieH
- 07 Nov 2005 08:16
- 277 of 2037
Many thanks Ted1, just confirming that I will be taking up offer also...
Ted1 - 07 Nov 2005 08:30 - 278 of 2037
350k of sales and sp up. Must be short of stock.
Very interesting month ahead me thinks.
Very interesting month ahead me thinks.
AdieH
- 07 Nov 2005 10:51
- 279 of 2037
My screen is showing a fair few small buys Ted... looks like a few PI are buying in still, strange considering the new issue at 11p, maybe its well over subscribed from existing share holders, wish I had more cash to top up at 11p...
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