overgrowth
- 06 Oct 2003 22:47
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.
AdieH
- 25 Jul 2006 11:26
- 422 of 2037
Have to agree the management of this company must be congratulated they forecast 50 stores by 2006 and delivered, things starting to pick up now, brokers notes due after visit... 30p should not be too far away now...
ramu
- 28 Jul 2006 09:46
- 423 of 2037
Straight off the RHPS press
** coffeeheaven international (COH): Like-for-like sales
growth in the first quarter was a sensational 26%, a
figure "considerably ahead of the Boards expectations".
Coffeeheaven has now recorded its maiden pre-tax profit.
Sales growth of 25% was seen in Poland, 38% in the Czech
Republic and 24% in Latvia, and this revenue growth was
enough to ensure that coffeeheaven still has all the
2.8m of net cash that came from the share placing last
October - in spite of the extra coffee-shops opened.
Coffeeheaven now has a total of 50 stores, and will open
its first in the Slovakian capital, Bratislava, next
month. Next week coffeeheaven is taking a party of
stockbrokers to see its operations in Poland, and I think
we can look forward to plenty of positive
comment thereafter.
This share is really motoring and has the potential to be
huge. I am raising my Buy Limit to 30p and my Profit
Target to 75p. BUY
silvermede
- 28 Jul 2006 11:30
- 424 of 2037
Ramu, thanks for the RHPS post, it will be interesting to compare brokers' views with RHPS. Anyway, 30p at least looks good. Very happy holder! :-)
ramu
- 28 Jul 2006 12:22
- 425 of 2037
Silvermede, sales outnumber buys 3:1 but bid price holding up. I suspect there's a large instituitional buy waiting to be declared. Anybody with L2?
britshare
- 28 Jul 2006 12:26
- 426 of 2037
The price has got to close above 25p to confirm a breakout.
AdieH
- 28 Jul 2006 15:29
- 427 of 2037
Would agree britshare but things look very good for the long term... We need brokers notes to back this up, would not take too much notice Of RHSP at moment...
ramu
- 28 Jul 2006 17:08
- 428 of 2037
Britshare,
Your wish has been granted. Next stop 30p?
AdieH
- 29 Jul 2006 09:00
- 429 of 2037
Anyone going to attend the AGM which is likely to be in December in Sussex? I went last year and intend doing the same this year...
silvermede
- 01 Aug 2006 16:45
- 430 of 2037
From a Broker Round Up todays:
Seymour Pierce has buy ratings for CoffeeHeaven (COH.L) (and others .....)
Starting to get noticed. :-)
chesneywilliam
- 02 Aug 2006 17:54
- 431 of 2037
Silvermede, Richard Worthington is one of the best. I have watched the company grow from the 3p days. Ramu,thanks for the additional info,.
silvermede
- 03 Aug 2006 08:55
- 432 of 2037
Chesney, agree your sentiments, I only noticed these a lot later getting in at 13 & 11p, but still very happy with growth so far. :-)
AdieH
- 03 Aug 2006 12:39
- 433 of 2037
RW record is excellent, estee lauder is proof of that, met him at the last AGM very sound man with focus on where he wants COH to go... I trust him with my money... Same as u silvermede my average is 12.5p...
ramu
- 03 Aug 2006 17:15
- 434 of 2037
From another BB poster today.....
If you have access to Bllomberg, take a look at COH - Investec have tipped at a buy 25p
AdieH
- 03 Aug 2006 17:29
- 435 of 2037
ramu what do you post under Ample bulletin board?.. I couldn't find the link on ivestec, would appreciate if someone could post item.
ramu
- 03 Aug 2006 19:28
- 436 of 2037
Adieh,
I just reproduced what Khash posted in Ample BB. A colleague of mine confirmed the tip but because of copyright laws etc was reluctant to e-mail the article to me. However, if I come across this tip on the Net, I will post it in MoneyAM. Good luck.