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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 - 23 Dec 2005 13:00 - 315 of 2037

Someone building a stake... They convert to pounds sterling but trade in each currency depending what country the shops are in... Merry Christmas to one and all and a very prosperous New Year... Think 2006 will be a very exciting time for us share holders...

richie1saunders - 23 Dec 2005 13:58 - 316 of 2037

Let's hope so. Merry Christmas to all involved in COH.

silvermede - 03 Jan 2006 15:46 - 317 of 2037

Today's RNS:

Coffeeheaven International PLC
03 January 2006


coffeeheaven international plc (the 'Company')

Holdings in Company


The Company was notified on 29 December 2005 that following the acquisition of
350,000 ordinary shares FMR Corp. and its direct and indirect subsidiaries, and
Fidelity International Limited ('FIL') and its direct and indirect subsidiaries,
both being non-beneficial holders, together hold 9,646,079 ordinary shares in
the Company, which represents 9.08% of the issued share capital.

The Company was also notified on 30 December 2005 that Schroder Investment
Management Limited hold 4,545,455 ordinary shares in the Company, which
represents 4.28% of the issued share capital.


AdieH - 03 Jan 2006 20:27 - 318 of 2037

Thought someone was building a stake, more good news, great start to 2006 long may it continue...

silvermede - 04 Jan 2006 09:57 - 319 of 2037

RNS: New Director and significant shareholder:

Coffeeheaven International PLC
04 January 2006


coffeeheaven international plc
('coffeeheaven' or the 'Company')

Appointment of Non-Executive Director

coffeeheaven is pleased to announce the appointment of Bill Currie, aged 43, as
a non-executive Director to the Board of coffeeheaven international plc.

Formerly Director of Research at BZW, where for several years he was rated
number one Food Retail Analyst in Institutional surveys, Bill later joined
Charterhouse Securities as Joint Managing Director.

Over the years Bill has been involved in numerous corporate transactions. He has
acted as Broker or Financial Advisor to many well-known retail businesses
including Tesco, Iceland, Somerfield, T&S Stores, Goldsmiths, Homestyle, Wm
Morrison, Safeway, Ted Baker, and TJ Hughes.

After leaving Charterhouse in 1998, Bill set up William Currie Investments, a
successful investment vehicle specialising in the retail sector. A more recent
investment includes The Fragrance Shop grown from one store in 1998 to currently
around 83 stores. In 2004 The Fragrance Shop was sold to the Peacock Group.

Richard Worthington, Executive Chairman, commented:

'We are delighted that Bill has agreed to join the Board of coffeeheaven. His
wealth of retail experience and successful record in the development of retail
concepts, will be of immense value to coffeeheaven as we move into our next
phase of growth'.

William Christopher Currie currently holds the following directorships: The
Fragrance Shop Limited, William Currie Group Limited, William Currie Investments
Limited and Bill Currie Consultants Limited. Within the last five years, Bill
Currie has been a director of Together Clothing Limited and Brand New Broom
Limited.

William Currie currently holds 10,000,000 ordinary shares in coffeeheaven, which
represents 9.41% of the Company's issued share capital.


richie1saunders - 04 Jan 2006 10:38 - 320 of 2037

A good start to the New Year for all COH fans.

AdieH - 04 Jan 2006 11:04 - 321 of 2037

Interesting to note that Willaim Currie has a holding of 9% of company shares, he obviously saw potential in COH, wonder if this is a master stroke bringing him in as a director...

Yes Richie an excellent start to the year...

richie1saunders - 04 Jan 2006 12:03 - 322 of 2037

I haven't done much research into Mr Currie's background but the RNS released regarding his appointment is impressive. I see he was the number one food retail analyst at BZW for a long period and he has acted as a broker/advisor to several well known companies including Tesco. If he is prepared to stump up a million quid for 10% of the business who are we to argue? All good stuff I think. Now how is RW going to spend that spare cash that must be burning a hole in his pocket? Standby for more news.

AdieH - 04 Jan 2006 12:51 - 323 of 2037

If you can take a look at iii (ample) website as there is a poster called kimboy who posts some very good stuff regarding projected figures etc... IMHO.

silvermede - 04 Jan 2006 12:59 - 324 of 2037

Update on today's RNS Re: Bonds Buy Back:

LONDON (AFX) - Coffeeheaven International PLC said it will save over 260,000 stg of annual interest charges following tha purchase and cancellation of an outstanding bond by the group's Polish subsidiary CHI Polska SA (CHIP).

Coffeeheaven said CHIP paid a total of about 295,000 stg to buy and cancel the bond, adding it will result in annual interest and other savings to the group of some 260,000 stg plus 11.2 pct of CHIP's annual pretax profits payable, where appropriate, as additional interest.

The move completes repayment of all group debt.

newsdesk@afxnews.com

richie1saunders - 04 Jan 2006 13:31 - 325 of 2037

I've looked at the iii website and the post you refer to Adie. He seems to talk sense (looked through his other posts also). For the year ended Mar 07, which is what he is talking about, I think he is being a bit pessimistic. My fag packet calcs indicate turnover closer to 8.5 million for 06/07 but his general thoughts seem sound and he is careful to qualify his figures reference the spending of the 3 million cash! Just seen the offer up at 18p!!

AdieH - 04 Jan 2006 13:50 - 326 of 2037

Yes all time high now, the RNS news has gone down well, you have to give credit to RW and his team... I was very impressed at AGM they are level headed and steering the company the right way...

richie1saunders - 04 Jan 2006 19:29 - 327 of 2037

New brokers note (well, Dec 05) posted on COH website from Fyshe Horton. Indicates that brokers have had a meeting with COH management. Recommends a buy at 13.5p!!!!

AdieH - 04 Jan 2006 20:04 - 328 of 2037

erm they missed the boat, lol... think Mr Currie has been building his stake before the RNS announcement...

AdieH - 04 Jan 2006 20:06 - 329 of 2037

Actually it would funny if we get an announcement reference the 3 million to spend in the next couple of weeks soon after Mr Currie joins the board....

Ultimate Cynic - 05 Jan 2006 09:43 - 330 of 2037

17p bid now. Market seems to have reacted positively to the appointment of Bill Currie & the debt payoff.
UC.

britshare - 05 Jan 2006 11:07 - 331 of 2037

Chart breakout!!!

AdieH - 05 Jan 2006 11:17 - 332 of 2037

Can you expand on that comment britshare, can you post chart to confirm this... appreciate your views...

britshare - 05 Jan 2006 11:35 - 333 of 2037

The last 2-year chart I'm looking at is showing the intraday buying highs of 18p (1.8 before the split). The 16.5p resistance has been broken within the last 2 days and the underlaying uptrend has been confirmed. If we can close at 18p mid today, I expect a surge in the shareprice in the short term carried by the increased volumes, as the price is ready to break out to an all time high!
Watch this space!

AdieH - 05 Jan 2006 11:54 - 334 of 2037

Many thanks britshare, I have been watching for 2 years and am very pleased... If you've watched this board before you will know I went to the AGM and was very impressed with what I saw...
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