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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.’ |
AdieH
- 13 May 2007 20:21
- 647 of 2037
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 : - )
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 : - )
David10B
- 13 May 2007 20:35
- 648 of 2037
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.
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.
David10B
- 14 May 2007 09:16
- 649 of 2037
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.
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.
AdieH
- 14 May 2007 09:41
- 650 of 2037
Has anyone noticed CFE is down about 2.9% today... Oh should I short that one...
dclinton
- 14 May 2007 10:42
- 651 of 2037
Don't know about CFE. I notice that COH is down over 5% today.
David10B
- 14 May 2007 12:13
- 652 of 2037
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!
----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!
David10B
- 14 May 2007 12:32
- 653 of 2037
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!
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!
AdieH
- 14 May 2007 12:33
- 654 of 2037
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...
Ultimate Cynic - 14 May 2007 12:51 - 655 of 2037
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.
"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.
David10B
- 14 May 2007 12:53
- 656 of 2037
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.
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.
David10B
- 14 May 2007 12:55
- 657 of 2037
NEW INVESTORS PLEASE DONT BE TAKING IN BY ME, WHOEVER I AM!
LET THE SP TAKE YOU IN.
LET THE SP TAKE YOU IN.
foale
- 14 May 2007 13:06
- 658 of 2037
Have to agree David...
Cant argue with a falling share pirce...
I am sure I will be told I am wrong...the share price is wrong.... lol
5-6% of Companies value gone this am...
I buy stocks with some momentum COH has this...but I prefer it to be UP !
Cant argue with a falling share pirce...
I am sure I will be told I am wrong...the share price is wrong.... lol
5-6% of Companies value gone this am...
I buy stocks with some momentum COH has this...but I prefer it to be UP !
dclinton
- 14 May 2007 13:33
- 659 of 2037
I think the critical thing today is whether the price closes above the 200-day MA at 37.65 which seems to be the only thing providing support at the moment. This is already the heaviest entry in my portfolio by far so I won't be topping up. Like AdieH, I have already top-sliced out my original investment.
It is interesting to see such a big move on what are really razor thin volume. 888,000 shares traded is pretty tiny.
It is interesting to see such a big move on what are really razor thin volume. 888,000 shares traded is pretty tiny.
David10B
- 14 May 2007 13:49
- 660 of 2037
The critical thing today I believe is that the search is now on for the intrinsic value of this company.
Obviously the market was not fooled. as were COH shareholders, into believing that a few institutions, and a certain Mr Currie, called it right, buying when they did at 41p.
They too are fallable to the perception of the market - and that entry, at that level, was simply another futile exercise of egg in the face, proving yet again that the market is always the master.
Why so many COH holders should have been jumping for joy, and even more stupidly to end up blindly following the lead, when Mr Currie bought, I will never know, seeing as he was, still smarting from his last but one over priced purchase.
I tend to think that Mr Worthington, smart cookie as he appears to be, called it right dumping when he did and thinking only of his pocket and not of the fate of those following, and holding. COH!
We all look for value and the right entry point into a share, funadmental analysis is always good guide here, if not the best.
Under the principles of Fundamental Analysis, a director selling is never a good sign!
When two sell at the same time it could be construde a potential disaster, perhaps as the recent fall in the COH SP clealy shows us.
Have a great day
Obviously the market was not fooled. as were COH shareholders, into believing that a few institutions, and a certain Mr Currie, called it right, buying when they did at 41p.
They too are fallable to the perception of the market - and that entry, at that level, was simply another futile exercise of egg in the face, proving yet again that the market is always the master.
Why so many COH holders should have been jumping for joy, and even more stupidly to end up blindly following the lead, when Mr Currie bought, I will never know, seeing as he was, still smarting from his last but one over priced purchase.
I tend to think that Mr Worthington, smart cookie as he appears to be, called it right dumping when he did and thinking only of his pocket and not of the fate of those following, and holding. COH!
We all look for value and the right entry point into a share, funadmental analysis is always good guide here, if not the best.
Under the principles of Fundamental Analysis, a director selling is never a good sign!
When two sell at the same time it could be construde a potential disaster, perhaps as the recent fall in the COH SP clealy shows us.
Have a great day
AdieH
- 14 May 2007 14:03
- 661 of 2037
I think we should invite David along to the next AGM and he can put his concerns to Richard personally instead of slandering the man on bulletin boards... he won't thought because he has no balls...
David10B
- 14 May 2007 14:10
- 662 of 2037
My dear chap there is no slander in the truth.
I may not be responsible for Mr Worthington's actions, even though I may have held more consideration for my shareholders had I been faced with the opportunity of looking after my pocket, over their interests, but I surely have a right, a basic right, afforded to all Englishmen, to simply comment upon such actions, based on the facts as they are unambigiously presented.
Come come old boy, dont you know, as a presumed adult, that it is ever so crass to even consider discussing the intimacy of one's testicles in public!
Would you not agree?
I may not be responsible for Mr Worthington's actions, even though I may have held more consideration for my shareholders had I been faced with the opportunity of looking after my pocket, over their interests, but I surely have a right, a basic right, afforded to all Englishmen, to simply comment upon such actions, based on the facts as they are unambigiously presented.
Come come old boy, dont you know, as a presumed adult, that it is ever so crass to even consider discussing the intimacy of one's testicles in public!
Would you not agree?
Ultimate Cynic - 14 May 2007 14:35 - 663 of 2037
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!
The above comments don't strike me as having nothing 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 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!
The above comments don't strike me as having nothing 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>
David10B
- 14 May 2007 15:11
- 664 of 2037
To reiterate: 14:35 - 663 of 663
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."
I have stated my opinions.
I have a right to do so.
I may or may not think that Worthington, COH, BKE, and uncle Tom Cobley and all, are the biggest arhles since Cain struck down Able.
However if I saw an opening for profit, even with BKE, I would propbably take it, being more the capitalist, than the liar you claim, than I am.
Nothing alters the facts ie, Worthington remaims the FD of BKE drawing almost 40 grand a year for nothing while the company continues to flounder. FACT
Then Worthington, with COH keeps coming back tO the market for cash. Again all facts chaps.
Now lets see some bloody good old fashioned profots, they we can talk!
Have a really nice day.
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."
I have stated my opinions.
I have a right to do so.
I may or may not think that Worthington, COH, BKE, and uncle Tom Cobley and all, are the biggest arhles since Cain struck down Able.
However if I saw an opening for profit, even with BKE, I would propbably take it, being more the capitalist, than the liar you claim, than I am.
Nothing alters the facts ie, Worthington remaims the FD of BKE drawing almost 40 grand a year for nothing while the company continues to flounder. FACT
Then Worthington, with COH keeps coming back tO the market for cash. Again all facts chaps.
Now lets see some bloody good old fashioned profots, they we can talk!
Have a really nice day.
proteus - 14 May 2007 16:06 - 665 of 2037
UC,
He also had his posts removed from ADVFN for a while when he was in abuse mode.
He also had his posts removed from ADVFN for a while when he was in abuse mode.
Ultimate Cynic - 14 May 2007 16:07 - 666 of 2037
Never seen this board so active.
Getting like ADVFN.!!
WOW!!
Just shows what a wind-up merchant can do to a board,Mr. 10JimB, whoops sorry, I mean David 10B.
UC.
Getting like ADVFN.!!
WOW!!
Just shows what a wind-up merchant can do to a board,Mr. 10JimB, whoops sorry, I mean David 10B.
UC.
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