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.’

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. :-)

Thanks silvermede - will read RNS. I hold COH for mid-long term too. Very happy to do so.

sd

Turning blue as RNS is digested. Good luck all holders.

Future looks very blue to me as you say SD this is a potential 10 bagger but a few years to go... Cafe Nero here we come...

SP holding up despite some large sells, must be some buy orders being filled but WDIK!

Very pleased with the RNS today. Everything still on track and patience will be rewarded.
Good luck to all holders.

Very positive write up in this weeks Shares too. C'mon 40p!

patience is the virtue with this one, its not one for 6 months more like 2-3 years but should be a mult-bagger at that stage even from here... anyone else thinking of attending the AGM (Probably Dec)?

COH SP holding up spectacularly well, all things considered! Clearly considered a VALUE share IMHO. :-)

SP now moving up :-)

Another opportunity to piss your money away.

tobyboy,

With respect, before making statements like that, you should DYOR.

Do you know anything about this company????

We try and be constructive here on MoneyAM, neither ramp nor de-ramp, just objective and that is how I'd like to keep it. So grateful if you could be constructive & objective. Very many thanks :-)

tobyboy why do you say that? ... do you know anything about the company? have you attended the AGM... have you met any of the board, have you analyised the financial data? have you read the recent RNS... Please DYOR before making such stupid posts...

Nice finish to the week, considering the drop in the FTSE I think COH has shown up rather well... because the business is outside the UK & USA maybe that is why this has had some protection reference to sp movement...

Hi Guys,

I see COH is going great guns !

If you want me to update the thread, please post a summary of the latest "action" and I'll bung it in the heaeder.

Cheers

OG

Overgrowth as requested a revamped Thread Header precis. Should be factually correct. It needs the link inserted to the April 2006 Trading Update RNS. Hope this is helpful.:-)

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 (Please Insert Link to RNS dated 26 April 2006) 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.

Mall of Sofia open in Bulgaria including Coffee Heaven store.
V Positive but much delayed step for COH!

News Article Here

Fwaza, Good news indeed and thanks for the post. The Mall sounds as if it will be atttractive to a lot of people, therefore good business for COH.