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.’

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.

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 !

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.

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

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...

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?

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>

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.

UC,
He also had his posts removed from ADVFN for a while when he was in abuse mode.

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.

Also dont forget the lies about attending AGM's, you cannot attend an AGM if you are not a share holder unless your a member of the board... Maybe we have it wrong maybe Dave is a member of the board... LOL...

You really are a pathetc lot!

What lengths will you go to in order to protect your ailing investment, which was opportunistic from day one!.

First/
You can call me whatever names or names that you wish. if you really think that futile exercise will stem the downward trend of COH.

Second/
Any person can attend an AGM as a guest or companion of the invitor.

Third/
I have never posted on ADVFN. Why? Well it really is too much of a circus.

Fouth/
I post here now and then, then for short term movements. Generally what I post comes about as I post with a mountain of reserch behind me, ie recent posts here:

COH DOWN! MLR UP! BOTH HAPPENED

Fifth/
If you want to make money, then listen to what I say as obviously I know better that your outlandish pathetic ramps.

Sixth/
Dont love a share as it wont love you back!

Seventh/
Dont believe directors, as most have hidden agendas! The one you trust treat with a polite skeptistism.

Eigth/ I
really dont like unqualified rampers such as AdieH.
People like that or so thick and blinded to reality!

They can be liken to those stuck in the mire of Bodmin, and will drag all and sundrie in with them just to save their pathetic ramping skins.

Nine/
Any stock without substance is a gamble.

COH has no substance and Mr Worthington's recent ventures have yet to make any serious money.

Ten/

COH is regarded as a HIGH RISK punt by RHPS.

Eleven/

Its your money not mine.

Twelve.

AdieH says COH will see a pound this year.

I say MLR will definately see a pound this year----all those taking me up will be rich. All those staying will COH will not be.

I say this as my research is faultless, and more importantly I am not here to ramp, but to make serious money as I have a house to pay for which is costing me more than I initially estimated.

I have spent my life in education and scientific research, once you get into the habit of scientific research its matters not whether one observes the latent developement of aracnid eggs, or stock movement influences.

I have now retired and need to make the mega bucks that illuded me through a life dedicated to the education of others and I have so precious little time left in order to fulfill that goal.

Consequently I dont mess around ramping dogs.

Finally, director selling in a young company is never a good thing, and especially when the company is continually making cash calls on its shareholders.

Its note as if Mr Worthington needed the money, screwing as he does 40 grand a year out of BKE.

A more sensible approach could have been for Diggle Investments to have dumped shares, as it the same pocket that the money flows into at the end of the day, but that way it may have been jjust a little less conspicuous and proven to be a more congenial disposal method, as Mr Worthigton appears to favour distancing himself from Diggle Investments for some reason which is not quite clear.

I trust you have a pleasnt everning as I.