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.’

Lol, you really do have an issue with BKE which leads me to believe you have been personally stung by investing in BKE... I can't quite work out why you have such issues if you never invested and the more you post the more it seems you are Waxman... I will post his comments but it would be unfair to post all as I will be addressing the points you raised... Also he asked if I know who you are and were the points raised all from you, now should I send him your email address? Keep me entertained please...

As the man said cut the crap and post it.

My profile is in the public domain together with my email address.

My only issues are with incompetant directors who take unsuspecting and trusting shareholders for a ride, no more no less.

I would never invest in a dog like BKE, why not educate yourself and read the back posts, there you will find that it was a poster here who brought this share, BKE, to my attention, prior to that I had not given a low rag shell such as that any attention

Meanwhile you seem to like to talk a lot, with little results, but please some action now! Please, please, please tell us all, where is the beef?

On ADVFN he claimed to have lost a packet on BKE hence his desire to shift the blame away from his analytical ability.His profile changes like the weather.

Sir you may rant all you wish and come up with as many fantacies as you wish.

I do not frequent ADFVN for posting, only to observe the circus

I have never taken a gamble on BKE as it has nothing to offer except losers odds.

As I said cut the crap and lets have Mr Worthington's answers!

You can though, if you wish, continue to go around in ever decreasing circles, but the outcome will be the inevitable same thing and COH will fall this week as its concept in now looking as shakey as the management.

Its was not I that said COH was High Risk!

It was indeed RHPS.

The fact that so many of you seem to have banked so much on Mr Currie's buying sending the share price up, when in fact it went the other day should now be telling you all its time to get yerrrrrr boots on and start a runing retreat while you still havea profit.

Have a great day as tomorrow will tell.

It's incredibly boring for all of us to have to listen to, and they guy obviously needs counselling. Is there an organisation that can help with netrage? Ranters Anonymous?

Afternoon:

This is the response in regard to BKE:

"As for BKE, shareholders have been made fully aware of the challenges - that is that management is dealing with a declining business and is seeking suitable alternatives to give shareholders some value upside. This is not an easy task. I know the executive directors well and they are hard working dedicated people. It might also be noted that largest shareholders in BKE are also the Director so their interests are hardly mismatched with other shareholders.

As to Director pay. You might suggest that the writer looks at the recent AIM director pay survey by Growth Company Investor - the average Chief Executive's pay on AIM is 174K and the average AIM Board pay was 495K - here's wishing !

The BKE Board has 2 executive and 2 non executive directors - their combined pay as per the 2006 Annual Report was 156K."

This is in response to your rant about COH:

"If not then I guess the COH critic did not buy our shares or was not a BKE shareholder when they got the free COH share on the demerger ! Clearly the person has no concept of 'brand value' (does the Balance Sheet of Coke reflect the billions the brand is worth ?).... or perhaps the writer feels we should be spending even more shareholders money speculating in property instead of running coffee bars.

Also they have not read our last trading update. Last year the COH business generated about 1M gbp in operation cash flows. The success of our recent placing with new institutional investors both from London and central Europe would suggest that some people at least see considerable value in COH. Recent analysts reports are on our web site."

I would like to point out that I received this email 2 hours after I emailed RW so please note he takes care to respond to share holders in COH. If you check out his profile he has an excellent track record so far and I hope it continues, before you mention BKE please note BKE holders got free shares in COH a few years ago so any existing BKE probably show a massive profit COH and possibly a loss on BKE...

RW will also send me a link to a website of someone who has a real downer on COH, name of David Grothier, I will send this email link to anyone that wants it but I won't post on here.

Hope you have a great day...

Regards
AdieH.

jim_Bently Davis - 7 Nov'06 - 12:05 - 4726 of 5950


I should have added that all those years stuck in BKE, 7 in total just watching it go down and listening to excuse after excuse, then Worthington telling me dont sell, its horrible

10JimB - 12 Sep'06 - 13:56 - 4025 of 5950


if you say so anything to appease to peasants classes, except where BKE is concerned as BKE is a testomony to a lying incompetant devious management. And if yu want it spelt out that means Mr Bemtly, he with a constantly falling share price and a Villa in MURCIA and Mr grab all Worthington who as yet to make a buck---thats what BKE is a testament for.

All very interesting stuff I am sure, and yet even more name calling and more pathetic indentity confusion.

However, its still does not alter the fact that Mr Worthington claims that COH shares were free, they were not, as BKE was severly diluted in order to form COH which has yet to prove its worth and make a decent profit after 7 years of trading, at least thats what I can see. All the money made todate has gone into over prices leaseholds.

Did Mr Worthinton actuall say this gem which is incredibly limited in perspective:

"perhaps the writer feels we should be spending even more shareholders money speculating in property instead of running coffee bars."

If Worthingto foolishly stated the above directly to you ,the please allow me to clearly state that if Mr Worthington does not open new bars, my research is clearly demonstrating that other company will and are doing and right now!

Besides if Mr Worthington has no intention of opening new coffee bars then please tell me why he continues to rape shareholders for more money?

Again, I think that the market is getting wise to COH and the price is reacting accordingly!

Not content with causing harm to BKE shareholders, Mr Worthington went on to put the boot in and sell a substantial amount of BKE shares from which BKE has not recovered to this day.

Sorry chaps, and please for the sake of others stuck in COH, prove me wrong as the only one I see benifiting from all this is Mr Worthington, with nice juicy fat share options, and of course Diggle Investments

However those blinded through having money locked into COH must support it to the very bitter end and of course the TITANC was unsinkable!

It seems that your Mr Davis shares my views and perhaps he should post here too!

Whereas in the coming weeks the market will undoubtedly support my contentions that the price will fall further, I am currently overwhelmed by COH shareholders even though they are blinded to the reality of their fate and stubournely holding on to a falling knife, as they are.

As to director's pay at BKE, well chaps if they took a pound, just one single pound that would be far too much as they are obviously a pretty useless bunch , even from the point of view of just sitting theri watching debt mount each year, let alone considering theri own lack of innovation.

I say this when looking at shares like CARL, which I bought two years ago, and CFE, just as two examples of hard working directors pulling for both their companies and shareholders.

I would not give the directors of BKE house room and I am prepared to say so here publicly.

The more I research the more I dont like, especially the involvement of DIGGLE INVESTMENTS, which does not strike me as being in the best interests of the small shareholders. However others may think differntly.

As for BKE seeking out suitable alternatives to give shareholder value, thats good old fashion Bollocks; pure spin. as they could not even run Don Millars and have been seeking these so called alternatives for years now.

CFE and other could be a firest class role model and may show them the way to go, but I do not believe that the BKE board has any intention of making innovated steps to protect their shareholders, let alone find increased value for them.

They just do not have what it takes.

I further believe the market is now onto this, and Mr Worthington, hence the COH share price fall of this past week.

I have a very good concept of Brand Value and admire the audacity of comparing COH to COKE, a great chancers and opportunistic ploy if ever there was one.

It is nice to see that Mr Worthington takes his critism to heart, and any critic of his his welcomed in my camp.

Therefore please have Mr worthington sent me the link to Mr Grothier's web site it would be interesting to see what is there.

I remain committed to COH being an opportunistc company and perilous over priced gamble, and to my sentiments that the SP will fall further in value this coming week.

I really am enjoying this debate even though there is little presented to support the COH SP at even 39p.

Have a great evening.

You are not enjoying this debate that is clear for all to see... Have you thought about the time you are wasting here... You don't hold shares don't intend to hold shares so I would suggest you spend a little more time decorating your house as you say it is taking you rather alot longer than you anticipated...

Hopefully if and when COH reached my target of 1.00 (In 12/24 months) I will email you to remind you of my position... If it doesn't reach 1.00 then for me it doesn't matter as these are free shares (do you understand that).

Bye bye and good luck with your shorting of COH a fools agenda if thats what you've got... Bye Bye Mr Bronson : - )

Oh but I am!

With such foul weather outside and a planned weekend of work wasted its a great relief.

You will never see a pound with this stock.

You have already stated that COH does not intend to open more bars!! And that was straight from the chairman, or so you claim

Yet they have just raised more cash for that very purpose.

I just see big trouble on the horizon.

It would have been much better if you had followed my suggestion and simply let the share price talk for us both, now you have just dug your metaphoric grave and perhaps the fortunes of others as well.

Have a nice night.

I trust in all sincerity that some lessons can now be learnt from the dangers of publishing on theses BBs the totally unwarranted and unqualified rampings of back ally shares.

Rampers like AdieH obviously have no clue, no idea of valuation and therefore have to resort to the gutter when challenged.

They post only to boost thier own holdings and postions, and should, in my opinion be subject to criminal investigation for deception of intent.

It should now be pattently obvious that all is not what it seems to be at COH.


All I ask is that you aviod the AdieHs of this world like the plague, as they are only interested in filling their own pockets, and the Lord above knows only too well this is a tough old game without being misled into losing your dosh on devious ventures.

Has anyone noticed CFE is down about 2.9% today... Oh should I short that one...

Don't know about CFE. I notice that COH is down over 5% today.

Around the BB this morning COH holders are panicing and asking why the fall?

----Out of the mouths of babes, innocents and the uneducated etc.

Well chaps it could be that the market is finally, and long over due, waking up to the Worthington syndrome.

Ie use OPM, Other People's Money.

This is what Mr Worthigton reportedly said about BKE to AdieH:


"As to Director pay. You might suggest that the writer looks at the recent AIM director pay survey by Growth Company Investor - the average Chief Executive's pay on AIM is 174K and the average AIM Board pay was 495K - here's wishing !

The BKE Board has 2 executive and 2 non executive directors - their combined pay as per the 2006 Annual Report was 156K."


Now, just look at this and think a little as 4 into 156k equalls 39,000 pounds and thats 39 GRAND just for sitting upon one's bottie year after year doning absolutely nothing except watching your loyal and trusting shareholder's funds get whittled away is, I frankly and openly state that is criminal!

Its no wonder that Mr Worthington can boast that he takes little by way of wages from COH.

Given the cost of living in Poland he can live like a king on what he is milking from BKE. all along at the long suffering shareholder's expense.

Mr Worthington, it should be made clear, puts in only hours per month at BKE for his massive pay off, its money for nothing---JAM!

Lovely work if you can get it.

Perhaps BKE could be making somthing of itself for the benifit of its shareholders if the board rolled up thier sleves.

A good old fashioned dose of hard work never killed anyone, but the thought of it did!

Over on iii they are asking WHY THE PANIC?

A certain poster there replicated below has this to say:


Gonner2003
I'm considering topping up these levels, it will only take news of further roll out of stores for this to rise again... Take a look at the seymour broker note, they are saying a conservative figure of 90 stores by this time next year... Do the maths...

However according to AdieH here, Mr Worthington is not getting new stores no matter what Seymour Pierce may state.

However, as I undertand it COH has something around 50 stores all on very expensive leases.

If they want to open 90, as is claimed, thats almost double the current amount that they have.

COH only has around 6 million of shareholder's funds in the bank and is still not making a sufficient surplus of profits in order to be able to invest in new stores-----hence this recent cash call!

So it seems that its that back to the long suffering shareholders for more milking will obviously be on the cards and thats a further dilution of the SP and shareholer value----but then COH started with nothing in the first place.

Maybe the market is waking up at last.

Furthermore please dont forget COH is floating on fresh air as there is nothing by the way of good old basic fundamental solid assets to back up the current SP.

This means that as the competition grows COH's revenue falls.

I think Worthigton can see this coming which is why he places insatiable demands on his shareholders for cash rather that going to COH's bankers, as they want interest payments, and shareholders dont!

If COH want to raise yet more money, why does not Diggle Investment contribute? instead of always taking out of the pot!


Lovely work if you can get!

Seymour have a conservative estimate of 90 outlets by this time next year... I notice the sp has started to recover slightly... Just topped up myself...

David10B in post612:-
"I have nothng against COH, its management, its product, or its markets. I would probably take up a few at the right price."

Then in later posts:-
"Sorry chaps, and please for the sake of others stuck in COH, prove me wrong as the only one I see benifiting from all this is Mr Worthington, with nice juicy fat share options, and of course Diggle Investments"

and:-
"Not content with causing harm to BKE shareholders, Mr Worthington went on to put the boot in and sell a substantial amount of BKE shares from which BKE has not recovered to this day."

and:-
"Well chaps it could be that the market is finally, and long over due, waking up to the Worthington syndrome.
Ie use OPM, Other People's Money."

and:-
"Mr Worthington, it should be made clear, puts in only hours per month at BKE for his massive pay off, its money for nothing---JAM!
Lovely work if you can get it."

Hardly consistent comment for an honest person!

Doesn't strike me as having nothng against COH, its management, its product, or its markets. Can you all see how this person is a LIAR!!
ALL LIARS EVENTUALLY TRIP THEMSELVES UP>

I agree with the post below:-

bmw325 - 09 May 2007 11:07 - 601 of 654
David10B...the Welsh muppet from Naples has returned...LOL.

Definately!!

Just go and compare the rambings here with 10JimB on A.D.F.N. and waxman on I.I.I.
the simularities are STUNNING!!

NEW INVESTORS - DON'T BE TAKEN IN BY THIS PERSON!!!!!!!
He was banned from I.I.I.
UC.

And still there are those who cant see that they, like insitutional buyers, have been suckered!

From ADVFN with full acknowledgement thereto:


coffee911 - 14 May'07 - 12:27 - 5953 of 5953


Someone is panic selling. The market is well informed and some "institutions have just subscribed at 41p. Volumes are not big in the scheme of things. I.e. less than 1 % of issued today. If the price ws based on 3-4% of shares I'd be worried. It's a cheap buy.

NEW INVESTORS PLEASE DONT BE TAKING IN BY ME, WHOEVER I AM!

LET THE SP TAKE YOU IN.