overgrowth
- 06 Oct 2003 22:47
shandrani
- 19 Jan 2007 15:56
- 549 of 2037
pben10
sold yesterday for 44.5 will watch the share price and buy back in as I think this is a very promising company, but agree with some who say share price is currently overvalued and perhaps this is just a correction.
AdieH
- 19 Jan 2007 17:33
- 550 of 2037
Hopefully this is the bottom and will stabilise for a while...
dclinton
- 23 Jan 2007 08:49
- 551 of 2037
Seems to be settling back to the 50-day MA which should provide support until the next bit of news.
myway
- 23 Jan 2007 19:30
- 552 of 2037
'plenty more growth to come'. sitting on a coffee goldmine.' I been reading the press re. Coffeeheaven International Plc.. I know the profit takers have been in action this last week. My own feeling is however that the coffee pot is still hot with a lot more of the brew to come.
myway
- 29 Jan 2007 14:06
- 553 of 2037
Coffeeheaven International is at the same stage in Eastern Europe as Starbucks was in the UK ten years ago: its sitting on a coffee goldmine.' Thats what Shares said 21st December. With each trading week the company is indeed getting stronger
myway
- 05 Feb 2007 11:45
- 554 of 2037
I note that the S.P is back on the up trend once more.. All we require now is a news update from the company.. Anyone in on the loop for COH..
myway
- 12 Feb 2007 10:44
- 555 of 2037
At www.shareclubuk.co.uk meeting yesterday we took a view on Coffeeheaven, the result was that I have sold my shares in Coffeeheaven as majority voted that they are now at the top of the profits curve.. value for value over priced.. I made around 100% on the deal and did not want to over trade the position..
At a later date the time should come to trade back in...
silvermede
- 02 Apr 2007 14:23
- 556 of 2037
The Company is pleased to announce that it has appointed Numis Securities
Limited as its nominated adviser and joint stockbroker with immediate effect.
SP responding.
AdieH
- 02 Apr 2007 18:35
- 557 of 2037
So you would say its a positive move, I'm not too hot on the broker side of things would someone explain why this is deemed positive and why appointment a new advisor? Was the old one not very good? Appreciate thoughts... Cheers.
paulj
- 02 Apr 2007 19:20
- 558 of 2037
I'm in the dark, too, AdieH. It has been unusually quiet on the COH front recently. The sp has been drifting since Jan, so perhaps there's something "brewing" now and COH want a new voice to deliver an upbeat message!
Just in passing, this appointment may not be the greatest timing on COH's part, as Numis was roundly criticised for its head-in-the-sand role in the recent SMC fiasco, when two rapid-fire profit warnings were issued in language clearly designed to mitigate sp damage rather than enlighten shocked shareholders. In fact, Numis even issued a set of (fantasy-land) forecasts between warnings.
Let's just hope that lightning doesn't strike twice and that COH's new Nomad has a more constructive role to play this time.
AdieH
- 02 Apr 2007 20:40
- 559 of 2037
Thanks for info PaulJ. Just a note if you want more info on Starbucks entering Czech republic take a look at Ample (iii) website, poster Pedro has posted some interesting information, I won't copy here as its he's research... Looks like the former eastern block is a fertile market and the big boys want to come and play... pity were established already and its a difficult market to get established in... i'm Gooner by the way on ample.
paulj
- 03 Apr 2007 14:19
- 560 of 2037
Thanks, AdieH. Will "Czech" it out (sorry!). As you say, the invasion by Starbucks etc was always on the cards but I'm pretty sure there'll be plenty of room - and customers - for every decent coffee concern in Eastern Europe for a good while yet. Just hope other COH holders don't get the jitters when the competition hots up, as I see that some long-termers bailed out earlier this year... and that's despite strong management, steady expansion, excellent figures, institutional backing and no real rivals.
AdieH
- 03 Apr 2007 16:38
- 561 of 2037
Up 200% myself and I see alot more yet, target of 1.00 and I may think about selling out.. Been to two AGM's and very impressed with board and how they have progressed so far...
paulj
- 03 Apr 2007 18:12
- 562 of 2037
Phew, can't match that, AdieH. I'm "only" up 61 per cent as I got in a little late and have also topped up several times as the sp moved up. Still, a nice healthy (paper) profit. Haven't got a target myself - that's one of my weaknesses, never know when enough's enough and it's time to offload (except on bad news or when stop-loss is breached). But 1.00 sounds suitably ambitious! Wonder when we'll get there?
AdieH
- 03 Apr 2007 19:01
- 563 of 2037
18 months I would hope paul, as you say paper profit only at present but have top sliced on way also... Have met CEO who in my opinion is excellent, always responds to any emails sent, last one I recieved when I visited COH in Prague, if you want and I haven't already sent to you I can forward if you give me your email address... CFE looks interesting also but i'm waiting until it hopefully falls to 2.5p as there issuing new stock current price 3.2p approx... Good Luck.
silvermede
- 30 Apr 2007 07:55
- 564 of 2037
Coffeeheaven International PLC
30 April 2007
coffeeheaven international plc
('coffeeheaven international' or 'the Company')
Trading Update year to 31 March 2007
coffeeheaven international plc, the AIM-listed speciality coffee bar business
based in central Europe, is pleased to announce the following trading update for
the 12 months to 31 March 2007.
Total store net sales up 60% to approximately 10.2M
Like- for-like sales growth 27%
65 stores trading at 31 March 2007 across 5 markets
Net cash and equivalents 1.9M at 31 March 2007
(All figures shown above are unaudited)
Sales
Total store net sales (unaudited) for the year ended 31 March 2007 were
approximately 10.2M (2006: 6.4M).
This represents a 60% increase at constant foreign exchange rates, and puts
actual sales ahead of our previously indicated full year target of 9.6M.
Group like-for-like annual sales growth (unaudited) was a robust +27% (2006:
+12% ).
Sales by market and like-for-like sales growth (unaudited) for the year to 31
March 2007 was:
Market Sales Like-for-sales growth
Poland 7.4M (2006: 5.3M) +27%
Czech Republic 1.6M; (2006: 0.7M) +39%
Latvia 0.9M(2006: 0.4M- 10mths) +16%.
Other* 0.3M ( 2006: nil) n/a as new markets
Total stores 10.2M (2006: 6.4M) +27%
*Sales from CHI Bulgaria included in 'Other' will not be consolidated (the
Company currently operates this business as a partnership venture).
The strong Group like- for- like sales growth reported for the first half year
(28%) was broadly maintained for the full year. This second half performance is
particularly strong as it is measured against a second half growth in 2006 which
was significantly higher than in the first half.
Sales growth drivers across central Europe remain:
growing awareness and appeal of the coffeeheaven brand to consumers.
continued product innovation driving additional footfall.
favourable macro-economic conditions.
Operating results:
Indicative store operating margins by market which includes the impact of 22 new
stores and two new markets opened in the period are:
Market Store EBIT margin (after depreciation)
2007 2006
Poland 20% 18%
Czech Republic 7% (9%)
Latvia 11% 6%
Indicative normalized Group EBITDA is approximately 0.95M (2006: 0.35M) and is
broadly in line with market expectations. Normalized EBITDA excludes (where
applicable) goodwill, FRS20 adjustments, unrealized exchange gains/losses and
exceptional items.
Net cash balances and equivalents at 31 March 2007 were approximately 1.9M
(2006: 2.9M).
All figures shown under the heading operating results are unaudited.
Stores
The total number of stores trading at 31 March 2007 was 65 - an increase of 22
units in the year - against our previously indicated year-end target of 63
stores.
Currently the number of trading units by market is as follows:
Poland 42
Czech Republic 12
Latvia 8
Bulgaria 3
Slovakia 2
Group: 67
Bulgaria and Slovakia were new markets opened in calendar 2006. Both represent
significant long term opportunities for the Group.
Across the Group a number of additional new sites have already been secured
(either under or subject to contract) and we are actively seeking further
locations in all markets.
coffeeheaven brand
The coffeeheaven brand continues to build traction and credibility with
customers across central Europe and the Company now commands sector leadership
in both the Polish and Czech markets.
Key to the coffeeheaven's success is our commitment to consistent quality in all
aspects of our products and service.
We were delighted that coffeeheaven baristas 'swept the board' at the recent
Polish round of the World Barista championships by taking all three top places.
The winner, coffeeheaven store manager Lukasz Jura now goes to Japan to
represent Poland in the World Championships.
This achievement demonstrates the passion and expertise we put into
coffeeheaven's training and our aspiration to maintain excellence both in coffee
preparation and customer service.
Competitive environment
As the macro-economic picture across central Europe improves, the competitive
environment in the coffee bar sector is changing.
We are seeing more interest by international coffee bar operators in central
European markets, for the most part in the form of franchise and/or joint
venture arrangements. Further in some markets local companies have also
announced plans to add coffee bars to their business portfolios.
Consumer education and awareness remains the most significant constraint to
sector growth in our fledgling markets. We believe responsible new entrants will
increase consumer awareness and accelerate sector growth from which
coffeeheaven, as central Europe's market leader, will benefit.
In these changing circumstances, maintaining the integrity and distinctiveness
of the coffeeheaven brand becomes even more important. We believe direct company
ownership to be the most appropriate long-term business model for coffeeheaven
within most markets of central Europe.
Partnership arrangements have served us well in establishing local presence in
non-European Union ('EU') markets. However following the recent entry of
Bulgaria and Romania into the EU, we have agreed with our partners in these
markets that now is an appropriate time to bring coffeeheaven's ownership to
100%. The costs involved with these transactions are not significant.
Future:
The improving macro-economic background in central Europe is feeding through to
consumer confidence and spending. We believe these favourable conditions are
likely to remain for some time to come.
Our new financial year has started well. Based on present trading conditions
and current exchange rates, we expect to maintain our unbroken historical annual
sales growth rate of around 50%.
We anticipate that the exceptionally strong rate of LFL sales growth we have
achieved (and continue to achieve) will moderate during the coming months due to
the tough comparatives we face.
Present market conditions justify an aggressive store development programme in
the coming year and we expect to enter at least one new market within the
central European region.
In order to support this expansion and our larger store base, we will be making
significant additional investments into the infrastructure of our business.
The strength of the coffeheaven brand continues to ensure that our company is
ideally positioned to benefit from the increasing prosperity of consumers in our
markets.
Your Board and our dedicated management teams across central Europe look forward
to another successful year.
stockdog
- 30 Apr 2007 08:26
- 565 of 2037
Another brilliant, but solid and repeatable, set of results for 2006/7, although no mention of net profit for 06H2. I guess we will be into net profit for 07H1, from where the PE is only going one way - down.
I'm up 264% on my investment to date and can see no reason to sell.
silvermede
- 04 May 2007 11:24
- 566 of 2037
Coffeeheaven International PLC
03 May 2007
coffeeheaven international plc
3 May 2007
THIS ANNOUNCEMENT IS NOT FOR RELEASE, OR PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
coffeeheaven international plc
('coffeeheaven international' or 'the Company')
Proposed Placing of up to 9.5 million new Ordinary Shares
coffeeheaven international plc, the AIM-listed speciality coffee bar business
based in central Europe, proposes to raise up to approximately 3.89 million
(before expenses) by a conditional placing by Numis Securities Limited ('Numis')
of up to 9,500,000 new ordinary shares of 1p each (the 'Placing Shares') at a
placing price of 41p per share (the 'Placing Price') principally with
institutional investors (the 'Placing'). Immediately following the Placing the
total number of issued ordinary shares with voting rights is expected to be
116,378,346.
The net proceeds of the Placing is expected to be approximately 3.69 million.
The new funds raised will be used to accelerate the Company's store development
program and new market entry within central Europe through organic growth and
acquisition.
William Currie has agreed to subscribe for 243,902 Placing Shares at the Placing
Price. This is expected to represent 0.2 per cent. of the issued share capital
as enlarged by the Placing. Following completion of the Placing, it is expected
that William Currie will own or be interested in 10,943,902 ordinary shares
representing approximately 9.4 per cent. of the expected issued share capital as
enlarged by the Placing.
Application has been made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM. It is expected that Admission will become
effective and that trading will commence on 9 May 2007. The Placing Shares will,
when issued and fully paid, rank pari passu in all respects with the Company's
existing Ordinary Shares, including the right to receive any dividend or other
distribution thereafter declared, made or paid.
Numis has agreed conditionally, pursuant to a placing agreement dated 3 May 2007
between Numis and the Company (the 'Placing Agreement'), as agent for the
Company to use its reasonable endeavours to procure placees to subscribe for the
Placing Shares. The Placing is not being underwritten by Numis and the Placing
Agreement is terminable by Numis in certain circumstances.
Numis Securities Limited, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for the Company, and for no one else,
solely in connection with the Placing and will not be responsible to anyone
other than the Company for providing the protections afforded to the customers
of Numis Securities Limited or providing advice in relation to the Placing.
silvermede
- 04 May 2007 11:25
- 567 of 2037
Time to top up potentially.
AdieH
- 04 May 2007 17:05
- 568 of 2037
Yes institutions willing to pay the current sp for shares, director is topping up again (he knows a thing or two)... Would like to know where the captial is going but hey trust RW with my dosh... Target of 1.00 for me and hopefully within the year... Good Luck.