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.’

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...

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 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...

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.?

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...

David10B - utter crap, and no longer respect your right to believe it.

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.

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 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.

Nothing more to be said: let the figures and forthcoming events do the talking for the SP.

Have a nice day.

Is it safe to come out now?

Yes... I think he has gone for now... i'm only defending the position I hold and don't appreciate throw away comments..

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.

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

Kindly be advised of the following: when one shorts a stock one takes a formal position with one's broker and usually pays up front.

It is not possible to short AIM listed stocks!

When one seeks a value for an investment that is bargain hunting and not shorting as your myopic understanding of the topic would seem to be suggesting..

Your comments, allthough trivial and poorly informed do come at an appropriate time as I am seeking the bottom of MLR.

On some BBs posters state that it will fall to below the current placing level of 10p.

I dont agree with that but I respect the opinion expressed as all opinion are thought provoking, keeping one alert and therefore healthy.

I dont throw wobblers and get all ignorant and nasty over the expression of a point of view, as others have thiers and I have mine.

COH have just diluted their shareholder value, as too have MLR.

I feel that MLR is now cheap today's price, and that COH would be good value at 35p and no more.

At 35p its worth a punt to me and "definately" not at any more as for the reasons I have tried to dispassionately outline to you.

There are many who feel that COH has now missed the boat in not getting prime locations when they had little competition and around 3 million pounds in shareholder's money just sitting in the bank.

Now they have come back for even more money and with nothing, it would appear, in mind as to expansion plans, and those that they may have are looking very expensive indeed.

Add this to the increasing competition, which equates to reduced revenues, and you could be on a losers when appying the law of diminishing returns

If it goes there, to 35p or thereabouts I will take a punt, if not I wont and it really is ias simple as that.

Furthermore my opinion will hardly move mountains, so please dont fret over it.

I do not believe that one should fall in love with a stock especially as there are some very beautiful ladies out there.

Stocks are for making money out of how ever "nice" the board may be!

Have a very pleasant evening.

It's not worth locking horns with you, David. I think we'll have to agree to disagree over COH. Why not pop back here when the sp reaches your 35p target and you become an investor again?

Foale please read comments... Why would someone come on here and post negative comments if they don't have an agenda...for a start. David has admitted that he has attended the last two AGM's as I have and if he is the same gentleman that I think he is then at the first AGM he came across as abit miserable and negative (with his questions)I did wonder why he was there! The next AGM he praised RW and the board for the progress they had made and he couldn't have seemed happier... 5 months down the line the change is incredible, they have achieved all their targets and they have a further 3.8 million pledged by the institutions for further expansion. I would agree that I would have hoped the money raised last time might have been used but there are solid reasons it has not been invested yet... I have some answers from emails rec from RW and the Director in Czech... (will forward to anyone who wishes to view them)...As for hogging this board I personally couldn't give a damn what you think and I do appreciate negative thoughts but not blatant shorting tactics... oh I would consider buying in again if they reach 35p says it all...

David10B - 08 May 2007 18:07 - 589 of 591
Kindly be advised of the following: when one shorts a stock one takes a formal position with one's broker and usually pays up front.

It is not possible to short AIM listed stocks!


Don't be a prat -of course you can.

David10b sounds like the proven prat and liar that was a plague on the dark side, pretending to live on a yacht and travel the globe. LOL! Outed as a Welsh idiot who did a quick runner to sunnier climes. Personal grudge with RW. Seems to be attempting a degree of reasonableness here. Squelched.

So you from the otherside too zscrooge... who are you on Ample.. or are you from the even darker side ADVFN (I don't frequent that side)... Waxman may have turned up again, if it is then the 14p he was trying to short to didn't last too long...

It never ceases to amaze me how petty some people can be within the hard core of shareholders(the status quo) when one expresses a view that is contrary to thiers..

I have COH on my watch list only. I have never been a shareholder and I have never posted about COH on other BBs

My main holding in coffe retailers is CFE and an investment in coffee shops in Eastern Europe would have to be darned tempting for my to invest. Which is why its imporootant for such an investment to be asset backed, as is called for under the priciples of Fundamental Analysis.

As I stated above and reproduced here:-

David10B - 05 May 2007 14:25 - 584 of 593
Nothing more to be said: let the figures and forthcoming events do the talking for the SP.

Have a nice day.

However it seems to be the case that when there is nothing more to be said--_some fool alway says it!

Why not just sit and watch the SP as I am doing.

Incidentally its down today!