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Coffee Heaven - A heavenly share for penny punters ? (COH)
overgrowth
- 06 Oct 2003 22:47
 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.’ |
David10B
- 04 May 2007 19:48
- 569 of 2037
The only problem with this is yet again they come back to the market for even more money. Matters not its underwritten.
I feel they have missed the boat in not using the funds they raised 18 month ago.
Now there is heavy competition in a limited market and they have had 3 million approx just sitting in the bank----seems like living high off investors interest to me. AVIOD for the moment
I feel they have missed the boat in not using the funds they raised 18 month ago.
Now there is heavy competition in a limited market and they have had 3 million approx just sitting in the bank----seems like living high off investors interest to me. AVIOD for the moment
stockdog
- 04 May 2007 21:06
- 570 of 2037
David10B - utter crap, but respect your right to believe it.
AdieH
- 04 May 2007 21:07
- 571 of 2037
Really, so are they burning the cash pile NO if you check the financials you will see the money is waiting to be invested but because its Eastern Europe there are certain difficulties with expansion etc (locations). I would suggest you do some research before sweeping remarks. If you had attended any AGMs you might have found out about the board and how they are keeping overheads to a minimum... Please also note after the last share issue the sp rose quite significantly and I would suggest by raising this amount that they have probably done due dilligence and there might be a possible buy out on the cards of other outlets in these markets...
David10B
- 05 May 2007 09:45
- 572 of 2037
COH pays too much for its sites other internation companies are moving in and the locals have woken up to the fact that smart coffee shops make a buck---so they too are smarten up.
Now yopu will find that he markets are not far of being saturated and COH has no tangible assets to warrent its current value.
Also finding good paying sites is now very hard and you may have to pay throuigh the snout for them.
Then of course COH has not really turned in a profit in all their years of operations, while a Starbucks local for example makes money within the first year.
After the last share issue sure the price rose on expectations but such expectations were not forthcoming and the money sat in the bank earning directors wages.
Did a lol of research on this one and bought in at 15p to sell at 36p went to two AGMs but could never get a straight answer on Diggle investments one of my reasons for selling.
All of a sudden too Eastern Europe does not look so appealing to Western investors and COH is looking grossly over priced.
Have a great day and stay away.
Now yopu will find that he markets are not far of being saturated and COH has no tangible assets to warrent its current value.
Also finding good paying sites is now very hard and you may have to pay throuigh the snout for them.
Then of course COH has not really turned in a profit in all their years of operations, while a Starbucks local for example makes money within the first year.
After the last share issue sure the price rose on expectations but such expectations were not forthcoming and the money sat in the bank earning directors wages.
Did a lol of research on this one and bought in at 15p to sell at 36p went to two AGMs but could never get a straight answer on Diggle investments one of my reasons for selling.
All of a sudden too Eastern Europe does not look so appealing to Western investors and COH is looking grossly over priced.
Have a great day and stay away.
AdieH
- 05 May 2007 10:54
- 573 of 2037
You're entitled to your view but I believe it is wrong... Good for you for making money... I have been to the last two AGM's and I dont remember any questions relating to Diggle investments... Were you the older gentleman who praised RW on his handling of COH and the progress they have made? Anyway if you don't hold now you might have a negative slant on COH now.... Good Luck and go away...
David10B
- 05 May 2007 11:17
- 574 of 2037
I take that to mean you only want to hear the good things, and not a balanced point of view taking in the negative and postive sides of an investment decision. Sorry I cant do that.
I am in fact looking to but back in around 30/35p which is more realisitic than todays price.
This further dillution will sent the share price down
I am in fact looking to but back in around 30/35p which is more realisitic than todays price.
This further dillution will sent the share price down
AdieH
- 05 May 2007 11:47
- 575 of 2037
So your current agenda is to short, have you not seen the RNS, the institutions are looking to buy the current issue at 41p... so you still believe in COH but want them cheaper... says it all really and yes I appreciate both positive and negative comments but this is blatant shorting you want stock but not at this price. At least be honest about it... You avoided my questions about the AGM, i am at least honest...
David10B
- 05 May 2007 11:55
- 576 of 2037
Honest???no you must be a shareholder to be so bias and blinded by this dillution.
I dont have an agenda only here to make money.
I dont short I have no active shorts running, I seek value and my opinion is that COH is currently over valued.
If it falls to where I see value I will buy it if it does not then good luck to holders.
I dont see this discussion going anywhere so please dont reply as I have no more to say.
Save perhaps if you want a good opportunity in coffee look at CFE, at least its in an established market and has doubled my money in months.
Good luck too with COH but I only see it down from here.
I dont have an agenda only here to make money.
I dont short I have no active shorts running, I seek value and my opinion is that COH is currently over valued.
If it falls to where I see value I will buy it if it does not then good luck to holders.
I dont see this discussion going anywhere so please dont reply as I have no more to say.
Save perhaps if you want a good opportunity in coffee look at CFE, at least its in an established market and has doubled my money in months.
Good luck too with COH but I only see it down from here.
AdieH
- 05 May 2007 12:24
- 577 of 2037
I am a shareholder and am looking to make money (200% paper profit at present and topped sliced on way)... Suggest you move off this bulletin board as your agenda is clear, you have stated that, your opinion is this company is overvalued... Alot of the value in this company is future potential, they have reached every target they have set if not exceeded... I will defend this company and yes I hold shares... So which share holder were you at the Agenda... the miserable old sod from two years ago...
David10B
- 05 May 2007 12:57
- 578 of 2037
Is there really any need to be insulting, we are only talking about differnt opinions on a share.
What I dont like about this compamny is the involvement of Diggle Investmensts, and the fact that it raised around 3 million which they used to pay off debts incurred to November 2005. The rest of the money was supposed to be used to expand but sat in the bank.
Also on Fundamentals it has little underlaying solid asset base as all its propeties are leasehold. The value maybe found in intellectual rights but the name has to be a money maker---COH is clearly not that and all quoted companies are have future potential not a lot of them make it though even though they start off with good intentions.
Diggle Investments is a substantial shareholder and as such has obviously rights to COH assets if it goes belly up (and bear in mind those who tip this company have rated it a high risk), so in the case of it folding Diggle Investments would have access to its cash, cash which was raised from sharholders who are getting no interest on it while it sits in the bank making interest for COH, which is written into the company's profits and therefore inflating the bottom line.
When COH sees some substantial profits, which it should be doing after 7 years of operations, then you can talk to me about a share price around today's levels.
Yes the share price has done well, done well for me too, but it was a rapid rise on speculation and a fall will be equally spectacular.
But then thats only my opinion.
Now why on earth should I, or indeed anyone else, move off a public BB for expressing ones point view negative or positive?
Are you the web site monitor, or an over stretched punter.?
What I dont like about this compamny is the involvement of Diggle Investmensts, and the fact that it raised around 3 million which they used to pay off debts incurred to November 2005. The rest of the money was supposed to be used to expand but sat in the bank.
Also on Fundamentals it has little underlaying solid asset base as all its propeties are leasehold. The value maybe found in intellectual rights but the name has to be a money maker---COH is clearly not that and all quoted companies are have future potential not a lot of them make it though even though they start off with good intentions.
Diggle Investments is a substantial shareholder and as such has obviously rights to COH assets if it goes belly up (and bear in mind those who tip this company have rated it a high risk), so in the case of it folding Diggle Investments would have access to its cash, cash which was raised from sharholders who are getting no interest on it while it sits in the bank making interest for COH, which is written into the company's profits and therefore inflating the bottom line.
When COH sees some substantial profits, which it should be doing after 7 years of operations, then you can talk to me about a share price around today's levels.
Yes the share price has done well, done well for me too, but it was a rapid rise on speculation and a fall will be equally spectacular.
But then thats only my opinion.
Now why on earth should I, or indeed anyone else, move off a public BB for expressing ones point view negative or positive?
Are you the web site monitor, or an over stretched punter.?
AdieH
- 05 May 2007 13:44
- 579 of 2037
Over stretched punter I am not (topped sliced on way up so my investment at present is free), an investor in COH and its future potential I am... You will still not admit if you ever attended the AGM? I again ask which investor you were or are you just saying you attended for attention... I ask you why have the institutions invested in the next placing and also W Currie if they did not see future growth in the SP, they don't invest to make a loss... Agree that I personally would have wished to see more rapid growth but the company set targets and have met those comfortably... You seem to hung up on the Diggle investment line to me its not a problem... You cannot be that bothered if you are looking for a re-entry level of 35p so please just admit that you are currently shortly and believe in the long term future of COH...
stockdog
- 05 May 2007 14:05
- 580 of 2037
David10B - utter crap, and no longer respect your right to believe it.
David10B
- 05 May 2007 14:06
- 581 of 2037
Why do insititutional investors invest in companies that fail, there are strings of them. They, like you and I, have no crystal ball.
Diggle Investments is a situation that will unfold soon enough as I believe the CEO is a major shareholder.
Yes I was at the previous two AGMs, you can do what you wish with that as I prefer anonymity to attention.
Many a fine chap has gone bust following insituitions into shares.
Have a nice day.
Diggle Investments is a situation that will unfold soon enough as I believe the CEO is a major shareholder.
Yes I was at the previous two AGMs, you can do what you wish with that as I prefer anonymity to attention.
Many a fine chap has gone bust following insituitions into shares.
Have a nice day.
David10B
- 05 May 2007 14:08
- 582 of 2037
Its only a question of time as clearly COH cannot move forward without cash calls and obviously can not maintain its SP gains.
I see no point in further discussing this topic let others decide.
I see no point in further discussing this topic let others decide.
AdieH
- 05 May 2007 14:10
- 583 of 2037
I don't follow institutions but if they want to follow my investments then their welcome... I await with interest to see if anything regarding Diggle Investment unfolds... I would suggest if you do have concerns then RW if very approachable via email... Regards.
David10B
- 05 May 2007 14:25
- 584 of 2037
Nothing more to be said: let the figures and forthcoming events do the talking for the SP.
Have a nice day.
Have a nice day.
paulj - 08 May 2007 12:49 - 585 of 2037
Is it safe to come out now?
AdieH
- 08 May 2007 16:11
- 586 of 2037
Yes... I think he has gone for now... i'm only defending the position I hold and don't appreciate throw away comments..
paulj - 08 May 2007 17:34 - 587 of 2037
A bit bizarre, really. I suppose I can understand it if, for some reason, the guy is shorting COH. But if he achieves his aim - and buys back in at 35p - presumably he'll then start singing the firm's praises. I'm probably being very naive but why not just invest in a company you believe in and save all the aggro? If it doesn't deliver, simply move on.
As for the Diggle angle, I admit I haven't looked into that (all sounds a bit conspiratorial) but the bottom line is that, like you AdieH, I have been impressed by what RW and his team are doing. He has set sensible targets and always bettered them. OK, competition is hotting up and profits may be a little slow arriving etc but I don't think that, if you're being realistic, there can be much to grumble about (apart from the temporary sp plateau!).
I may not have quite the attachment to COH as I do to some of my long term, more mainstream holdings such as IPR, SPI and CUK but it's safe to say that, given the track record and the promise of COH, I certainly won't be selling up any time soon.
As for the Diggle angle, I admit I haven't looked into that (all sounds a bit conspiratorial) but the bottom line is that, like you AdieH, I have been impressed by what RW and his team are doing. He has set sensible targets and always bettered them. OK, competition is hotting up and profits may be a little slow arriving etc but I don't think that, if you're being realistic, there can be much to grumble about (apart from the temporary sp plateau!).
I may not have quite the attachment to COH as I do to some of my long term, more mainstream holdings such as IPR, SPI and CUK but it's safe to say that, given the track record and the promise of COH, I certainly won't be selling up any time soon.
foale
- 08 May 2007 18:02
- 588 of 2037
A balanced view is ALL comments... AdieH not just yours....
Stop treating this thread as your personal one...its for everyone...
Please come back David 10B
Stop treating this thread as your personal one...its for everyone...
Please come back David 10B
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