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.’

ff - it seems to me the SP spiked overbought and has now settled back up with events. The spread has always been a killer on this one. I'm not buying more at this level, but am happy to hold what I have for a near future rise to 30p and beyond as half yearly results are announced.

On a 2-5 year view, if current early progress continues, there will be a step change when the business becomes profitable in all its arenas and/or when it starts to pay a dividend. It has to do something with postive cashflow.

I'm not sure of 2 in 5 years from here, but certainly hope for 1.18 in 4 years (I bought in mostly at equivalent of 11.8 in Feb '05 - making this a 10-fold return over 5 years forme) is possible - a nice steady return in a nicely spread geographical/economic region.

sd

At 15:20 someone bought 1 share!
This of course is a signal to the market, I've seen it before but I don't know what it means, either BUY BUY or SELL SELL!, or WAIT there is news coming?
UC.

It's obviously the launch of COH on the local stockmarket in Slovakia - funds remainign after a nice cuppa mocha.

sd

Someone has said it could be a journalist or someone that wants to attend the next AGM... Not my view but it makes sense.... Waiting to hear when this 3 million is going to be spent....

Adie, good point! I'd never thought of that. The transaction costs put down on his/her expenses?
UC.

Sp on the rise again at last, anyone know of any news or announcements in the offing and how COH is going to spend the 3m???

No news, various people have emailed RW but he says news isn't due until results in May... Rumours that EMPIK are increasing stake and there might be news in regard to them, it's a waiting game but things are looking very strong for COH this year... I would suggest that this latest rise is that MM's are short of stock, alot of shares held by 3 large investors so any sells being soaked straight up, also possible that a tip sheet has COH as a buy as the last couple of rises have been generated by tip sheets. IMHO...

Adie, Many thanks - long term hold! :-)

Rising nicely again today, onwards and upwards :-)

yes indeed....

A small piece in todays times about coffeeheaven, reads as follows:

'Coffeeheaven International the Eastern European coffee bar operator, added 1/2 p to 23 3/4 p on rumours that better than expected sales may prompt a trading update ahead of its 31st March financial year end.'

This was posted on iii, there was also a response from RW from email sent to him, basically he cannot comment but did state the forecasted figures would be better than forecasts given at AGM...

Looking good...

AdieH, Yes saw the Times snippet too, but we'll have to be patient until quantified, but long term well run Coffee houses are a tried and tested profitable business model so not unduly surprised. Although we still have to have sight of where the 3m raised is going to be spent.

Indeed saw an email from RW to poster on iii and he stated that there will be no news until the intermins in May...

Patience is the game then! :-)

22p represents very good value ahead of Final results imo

"Specialty coffee chain coffeeheaven to open 5 Bulgarian outlets '06

Polish coffee/sandwich bars operator coffeeheaven international plc. is planning to open 5 outlets in Bulgaria in 2006, Miron Gerasimov, head of the CHI project, told Dnevnik.
The first 2 outlets will be located in shopping malls in downtown Sofia to be unveiled over the coming weeks.
The first cafe will be located in Mall of Sofia on Stamboliiski blvd. The 80 sq m outlet will seat 50 customers. The second outlet, opposite the Hemus hotel, will be twice as big.
The coffee chain, which shies away from franchises, is expanding simultaneously in Bulgaria and in neighbouring Romania.
The Bulgarian team of the company is in talks to buy a site for a third outlet in Sofia.
coffeeheaven plans to have 10 outlets here by the end of 2007, branching out of the capital.
Originally established as a majority owned subsidiary of AIM listed Bakery Services plc., coffeeheaven was demerged from Bakery Services in November 2001 and is now separately quoted on the Alternative Investment Market of the London Stock Exchange - the first Polish-based business to be on this exchange.
In Bulgaria, coffeeheaven will face competition on the specialty coffee and snack market from local chain Onda which has set up 7 outlets in prime locations around Sofia. Austria's Testa Rossa Cafe has also announced plans to enter the Bulgarian market and seeking a strategic partner.(Dnevnik)"

Coffeeheaven International PLC
21 April 2006


coffeeheaven international plc
(the 'Company')

Movement in share price

The Company has noted the recent fall in its share price which appears to be a
reaction to factually incorrect statements concerning the Company in an article
published in the Daily Telegraph Business section on 18 April 2006.

The Directors would like to confirm that the Company continues with its
financially disciplined plans for growth of the Group, as set out in its
prospectus issued in October 2005 ('Prospectus') containing details of a placing
and open offer of Ordinary Shares. The Prospectus included a detailed analysis
of the Group's cash needs and funding. In particular, the Group operates against
a benchmark of month-to-month positive cash flows, which it continues to meet or
exceed. The Company's growth plans are fully funded and proceeding successfully.

The Company also announced in January 2006 that all the outstanding bonds issued
by the Company's Polish operating subsidiary had been repaid. The Company now
has no debt at all. Further, despite the Company's on going store investment
program, cash balances at 31 March 2006 of some 2.9m are approximately the same
as those immediately following completion of the placing and open offer and
repayment of the outstanding bonds.

In short, the Company is maintaining sound finances and is not using up cash
other than by way of planned investment in a controlled manner. . The Company
expects to issue a trading update in relation to the financial year ended 31
March 2006, shortly.

Enquiries

coffeeheaven International plc 07973 442 331 or 00 48 606818850
Richard Worthington

Seymour Pierce Limited 020 7107 8000
Sarah Wharry






This information is provided by RNS
The company news service from the London Stock Exchange

Publication: Red Hot Penny Shares - April 06

Encouraged by the success of Cafe Nero, the city is waking up to the potential of COH. In the past eatern european drinkers have been victims of their local cafes slow service, dodgy kitchens, cigarette smoke and strangers who sidle up and make unwelcome suggestions. But in COH bars, consumers cancan see what they are getting, sit in smoke free zones and don't feel trapped. This formula has been particularly successful in attracting female customers.

COH now has 19 stores in Warsaw, but acceptance in new terrotories such as Czech Republic and Latvia i s even swifter, helped by the growing number of visitors from the west and also strong economic growth throughout the region. COH now has 42 stores in total, but sees the potential for 350 and many more if it can crack the Ukranian market. A trading statement in late April is likely to deliver positive news. I have raised my buy target to 25p with a 12 month target of 40p. BUY

Looking good, nice response to the times article the other day... Would hope a RNS due soon in regard to potential investment opportunities.

Trading & New Stores Update RNS just out, steady growth continues only slight downside is some delys in opening some new stores due to opening delays in parent Shopping Malls, but this temporary blockage should clear in due course. The latest target market is now Romania, which is currently seeking EU membership. COH continues to be a very favourable share in my portfolio and long may it continue. :-)