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 - 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!

How have you attended any AGM's if you don't hold shares, there seems to be some rather grey area's in your posting David? Please refer to your earlier posts where you have stated you attended AGM's... You seem to be telling lies David...

Hardly old chap. I attended, as I do most AGMs, with a very good friend of mine who manages our little club group of wannabie investors, and who is far more experienced than me.

So how did you attend if you don't hold shares? Mmmmmm the plot thickens Old Chap...

We seem to be going around in circles here, which is pointless.

Therefore please think whatever you wish!

Meanwhile I will keep an eye on the SP.

Have a really great and frustration free day.

No fustration here, just proves my point that you lied in your original response to my question...

Happy here till my target of 1.00 is achieved and I await an RNS regarding future investment of the money sat in the bank getting interest... Will post any news/response I get from RW in regard to the millions sat in the bank...

Whatever you wish, therefore I will assume that you dont mind me waiting for my estimated 35P?

David10B...the Welsh muppet from Naples has returned...LOL.

Good for you, if it does goes there then will be time to overage down... on my free shares...

When you have directors selling their shares and then coming to the market to raise more cash you have a clear recipe for disaster, be it COH or any other PLC.

When there is nothing more to be said some fool always gets up and says it.

But theres plenty to be said, directors selling... my understanding from the last RNS that W Currie is buying 250,000 shares... You really should get some stronger glasses or lay off the spirits old chap...

As I understand it Mr Currie was forced to buy to save face when Mr Worthington sold the last time. In fact he was vertually picking up Mr Worthington's untimely diosposals

It would have proven to be most inappropriate if Mr Currie have not made a token purchase this time hense the paultry amount of said purchase.

I mean get real 9,500,000 new ordinary shares of 1p each issued in dilution and Mr Currie picks up just 243,902 at 41p.

Also please note the price today is bid 40.5p.

I feel the share is overvalued! Nothing more than an opinion based on Fundamental Analysis.

I trust you continue to have a wonderful day.

AdieH I did read the comments... what else was I likely to be doing its a bulletin board lol.....

But there does still exist the possibility that once done so my opinion may still differ from yours....shocking eh...

Perhaps if you posted a bit less re hashing your same few points over and over...others with fresh opinions might feel that are able to post...

They might even agree with yours...

Outside if this thread the rest of us still believe we are free to express our opinions..

I am thank you, your analysis is flawed... Mr Currie bought to increase his substancial holding... nothing to do with RW selling some shares (do you begrudge RW taking some profit considering the excellent work he has already achieved with COH...) If I was in his position I would realise some of the profit... Look at the financials and see what salaries are being drawn...You do seem to have a chip on your shoulder mate... Would suggest you go away and come back in six months to see if you or I are close to our predictions.... If you are waxman then you should have learn't from the last time you were brought down to size....I have already proved you lied about the AGM's so rather than lose anymore credibility would suggest you analyise any future postings just incase you get caught out again.

I don't want to clog up the board with drivel responding to your post I have proved my point... Have a good six months....

On the contray old chap you have proven nothing save your own frustration.

Now I can understand your frustrations and I actually feel for you as having done some further research only to find that quite a number of COH holders seriously believed that this share would be 100p by now.

As it now flounders below the recent placing price you must be concerned about the further falls that I anticipate.

Do you imply that all bargain hunters have chips on thier shoulders?

If so the whole concept of UK stock trading and the participants would have a limp.

Please relax, and do enjoy your day, life is far too short for your obvious frustrations,

I note the COH has now fallen well below the recent issue price and could well continue its fall to levels that a prudent investor could be tempted to buy at.

I did not pluck my comments our of thin air, I am trying to understand stocks in order to make money.

Based on Fundamental Analysis, the fact the Directors recently sold, and the recent further share price dilution for no specific reason, with 3 million pounds of sharholders' funds already in the COH bank account, it just had to go south.

Mr Currie has definately not shown good business accum with COH, as the two big recent buys he made are now into loss situations.

Therefore as I said, instead of getting in a war of verbal abuses, simply let the SP do the talking for us both.

Please have a very nice day.

10B...the Knobhead of Naples.

David10 - I have some sympathy with your view, but am concerned that your "trying to understand stocks in order to make money" is unnecessarily hampered by your regular use (in your writing and therefore analysis, I imagine) of hyperbole - "flounder", "well below", etc.

The fact is the mid SP is 40.5p, 0.5p below the placing price in a week where the market as a whole is undergoing a somewhat stubborn malaise. During the first 4 months of 2007 when the stock market has been going through a wobbly phase, COH has held steday as a rock at 42p. It's current dip, light of the placing is hardly significant for a mid-long term investor such as myself.

I certainly do not expect the SP to be 100p by now (nor do I see many posters here who give that impression). But I do hope it will be up in that region in about 2-3 years time. This is truly a Warren Buffet business, in that it could one day be run by an idiot - get some coffee grounds, pour on hot water, add milk, sell to a customer at a 1000%+ mark-up on ingredient costs - all you need to do is open the premises and make them look nice, there is a willing patronage out there bursting to be like the decadent West so long denied them.

RW and his team have achieved all and more than they said they would at each stage. Profitability, I hope, will be achieved in 2008H2. then we'll see what other serious shareholders the business may attract.

Cash in the bank during the rapid expansion period, the most vulnerable period of any company's life, is to be praised not damned. A spare 3m earning interest on stand by for the vississitudes of the entrepreneurial life is welcome. To raise more cash to accelerate a proven formula roll-out is an excellent response to the current threat of competition from other operators - again, not something to be excorriated in the pejorative tones you use. I think there are statistics to show that 2 pubs in a road create more overall business than the sum of each standin alone. But by then, there should be strong brand loayalty to COH the first-mover and newer, unaligned, customers will be attracted by the fact that so many others now seem to be doing it. Some of these will be captured by COH. Whether the customer base grows below, in line with or above the overall market growth in coffee drinkers is the $64k question. I think we have a fair chance. When we cease to be a near-market leader, it may be time to sell. If I can get 118p for a 10-bagger by 2015, then I'll have earned 25% pa compound (excluding dividends which will be payable by them, I imagine) - very nice thank you. Why waste my time trying to think of a better place for some of my hard-earned?

Post away - your views and conclusions add value to a balanced thread, but I wouldn't want your education unnaturally limited by your own prejudices. You may be right, but it would be better to arrive at that conclusion for the right reasons.

All the best
A Coffeee Angel