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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

silvermede - 26 Apr 2006 10:42 - 402 of 2037

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. :-)

stockdog - 26 Apr 2006 10:59 - 403 of 2037

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

sd

silvermede - 26 Apr 2006 12:32 - 404 of 2037

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

AdieH - 26 Apr 2006 15:24 - 405 of 2037

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...

silvermede - 26 Apr 2006 15:45 - 406 of 2037

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

trigger45 - 27 Apr 2006 02:42 - 407 of 2037

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

fancyfootwork - 08 May 2006 20:48 - 408 of 2037

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

AdieH - 09 May 2006 16:44 - 409 of 2037

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)?

silvermede - 18 May 2006 13:20 - 410 of 2037

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

silvermede - 18 May 2006 16:13 - 411 of 2037

SP now moving up :-)

tobyboy - 19 May 2006 10:06 - 412 of 2037

Another opportunity to piss your money away.

silvermede - 19 May 2006 13:07 - 413 of 2037

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 :-)

AdieH - 19 May 2006 15:41 - 414 of 2037

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...

AdieH - 19 May 2006 15:44 - 415 of 2037

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...

overgrowth - 20 May 2006 00:05 - 416 of 2037

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

silvermede - 23 May 2006 16:10 - 417 of 2037

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.

Fwaza esquire - 15 Jun 2006 15:09 - 418 of 2037

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

News Article Here

silvermede - 16 Jun 2006 09:35 - 419 of 2037

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.

silvermede - 25 Jul 2006 09:18 - 420 of 2037

Great trading statement today - all on track and growth continues! :-)

Coffeeheaven International PLC
25 July 2006


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

Trading Update

coffeeheaven international plc, the AIM-listed speciality coffee bar business
based in central Europe, is pleased to announce the following trading update for
the first quarter of the current financial year to 31 March 2007 ('Q1').

This announcement is being issued ahead of a number of brokers visiting the
Company's operations in Poland on 27/28 July 2006.

Highlights

Q1 like-for-like sales growth + 26%
Maiden Group Profit before Tax in Q1 (unaudited)
Net cash balances 2.8M despite rapid expansion programme

Sales Revenues

The Group has experienced exceptionally strong like-for-like sales growth across
all markets during Q1.

Group sales (unaudited) for Q1 increased 57% to 2.2M (2006: 1.4M). This was
considerably ahead of the Board's expectations.

Group like-for-like sales growth in Q1 (unaudited) was a highly robust + 26%.

Market like-for-like sales growth (unaudited) was: Poland: + 25%, Czech Republic
: + 38% and Latvia: + 24%. These increases reflect the marked acceleration in
revenue growth that was becoming evident during the second half of the prior
financial year to 31 March 2006.

The Group's strong sales performance reflects the strength of the coffeeheaven
brand and the highly favourable underlying macro-economic conditions in its
markets.

The Board is cautious that such like-for-like growth rates can be maintained
throughout the rest of the financial year to 31 March 2007, particularly against
the stronger prior year second half results.

New products launched in Q2 (traditionally a weaker sales period) have been
exceptionally well received by customers.

Operating Results

coffeeheaven international reached an important milestone with Group management
accounts for Q1 disclosing a maiden quarterly Pre-Tax Profit (unaudited and
prior to any IFRS adjustments where applicable). This bodes well for the full
year results to 31 March 2007.

Group EBITDA remains positive.

Net cash balances at 30 June 2006 were approximately 2.8M, materially unchanged
since the completion of the October 2005 Placing and Open Offer despite the
ongoing store investment programme. The Group has adequate cash resources to
meet all present development plans.

The full year audited results for the 12 months to 31 March 2006 are expected to
be available on or before 31 August 2006.

Stores & New Market

The total number of stores trading has now reached 50. This is an important
milestone for the Group. Set in 2000, this target was to be achieved by end
calendar 2006.

We are also pleased to announce entry into our fifth central European market,
Slovakia (to add to Poland, Czech Republic, Latvia and Bulgaria). The first
coffeeheaven store (currently under construction) is expected to open in
Bratislava during August 2006.

Locations in several other central European markets are under active
consideration.

Future

There is little doubt that the Board's strategy of focused brand development and
multiple market entry within central Europe is delivering significant results.

coffeeheaven is now ideally positioned in several key central European markets
to benefit from the region's increasing prosperity.

Your Board looks to the future with confidence.

For further information, please see the Company's website,

www.coffeeheaven.eu.com

silvermede - 25 Jul 2006 11:00 - 421 of 2037

- Q1 like-for-like sales growth + 26%
- Maiden Group Profit before Tax in Q1 (unaudited)
- Net cash balances 2.8M despite rapid expansion programme, enough to meet expansion plans (No dilution of shares expected)
- Nil Debt!
- 50 outlets (end 2006 tgt) up & running
- Central European market: Poland, Czech Republic, Latvia and Bulgaria with Slovakia outlet coming online in Aug 06.
- number of brokers visiting the
Company's operations in Poland on 27/28 July 2006. (Potential Re-Rating?)

All positive indicators for what I believe to be a VALUE share.



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