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Coffee Heaven - A heavenly share for penny punters ? (COH)     

overgrowth - 06 Oct 2003 22:47

underground01_2.jpgA 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.’

Chart.aspx?Provider=Intra&Code=COH&Size=Chart.aspx?Provider=EODIntra&Code=COH&Si

David10B - 15 May 2007 15:37 - 694 of 2037

Please AdieH try to write in English.

I can though, should you wish, correspond with you in Latin.

Please kindly refrain from profanity, it is so uncivilised.

AdieH - 15 May 2007 15:43 - 695 of 2037

Its the only language you understand mate... Oh Latin there's another link to WAXMAN...

I would suggest as you have such a beef with Richard Worthington then you should email him direct rather than trying to preach to the converted, were not interested in your warped view of COH... I am currently in long after top slicing and hoping to use my Tax break because I have held for more than 2 years...

Do you want Richards email address? If not then stop ranting about him on this board...

David10B - 15 May 2007 15:52 - 696 of 2037

Come, come, come my dear chap, if you are not interested, then why do you continue to reply with such a vigour?

Are these not financial discussion BBs?

Is this not the place talk about PLC's and those that run them.

Are not contrary views and an honest debate an integral part of our great British democracy, why on earth would you seek to stiffle such?

Are you that limited of perception?

Or just an Orwellian by desire?.

I was not aware that I was ranting about anyone, if that is so, I most certainly offer my apologies.

Have a nice day!

AdieH - 15 May 2007 15:59 - 697 of 2037

Please read your previous posts in regard to RW if that is not ranting or personal abuse I don't know what is, I welcome debate but you seem to have a personal vendetta against RW... You seem to think that your point of view is the one and only point of view we should listen to. Please read the RNS again the company has 10 million pound to invest, does CFE has such funds. No it is going down the franchise route... Bring something of relelvance to this debate it is the COH thread so most people here are holders or potential holders and will side on the positives of this company...

dclinton - 15 May 2007 16:18 - 698 of 2037

Please, all of you, just stop bickering and name calling like children.

I come to this board for sensible conversation and information, not to see this kind of squabbling. I'm sure I could get enough of that on ADVFN if I wanted to.

This is an open board and people are entitled to express their opinions, whether positive or negative, about a stock. I assume that most of us here are mature investors and can make up our own minds on a stock. Please let's stop the trolling, insinuation, name-calling and character assassination that are just a waste of everyone's time.

David10B - 15 May 2007 16:25 - 699 of 2037

Quite right, I agree with you entirely.

What I have posted here is fact and nothing but.

I said the price would fall fast and it has.

All I have taken for my pains is abuse and it should stop.

I suggest AdieH gives some solid reason as to why people should risk their savings and buy the share.

Just as I have given solid reasons why you should sell it

Have a nice day..

dclinton - 15 May 2007 16:55 - 700 of 2037

David, I am perfectly happy when you post facts and opinions, and I fully acknowledge that you have called this one pretty accurately, but please stop baiting the other members of this group. It only fans the flames.

I am intrigued by today's slight recovery, especially after the precipitous drop this morning. I see that COH has now closed back at the 200-day MA. It will be interesting if support continues at that level tomorrow. (As you may be able to tell, I am more of a TA guy than a fundamentals guy)

I closed out about 40% of my position this morning - I still have faith in the longer-term outlook for COH but it was weighing too heavily on my portfolio. As I mentioned before, I top-sliced out my original investment a while ago but it is still nervewracking to give back so much of my profits.

David10B - 15 May 2007 17:07 - 701 of 2037

Please be warned.

No matter what AdieH andn other holders and rampers may tell you. Despite this well favctored RNS. there were 1,300,000.00 sells today. against 500.000 buys.

The price was marked up on the hype of the RNS but will continue its downward trend when all dies down.

Even if COH opens 30 new outlets, they still have to make a profit and at making profits COH still has a long way to go.

AdieH makes a big deal out of the money COH has available, however I dont as they have not made it from profits!

After 7 years in the game: They have taken it off shareholders through cash calls. and my friends look how fat the city has got on placing your money into dilutionary new shares.

No I dont like Mr Worthington, or his antics and I certainly dont like Diggle Investments.


Have a nice evening, its pub night tonight, a nice relaxing game of darts.

David10B - 15 May 2007 17:15 - 702 of 2037

DC I am no fool, as I said right at the start it would be far better to say nowt and let the share price do the talking.

I also rounded off in response to AdieH by stating the old maxim of; when there is nothing more to be said some fool always says it.

I thank you for your kind acknowledgement, however COH was well researched and is very much HIGH RISK.

I believe it will fall further and I have little faith in the longer term propect as I believe the markets will be saturated with highly competitive coffee shops, both indigenous and international.

COH has in fact missed the boat.

Best wishes and good luck. CFE looks interesting at least I will give the Board 100%.

dclinton - 15 May 2007 17:27 - 703 of 2037

Well, I've got a chunk of cash sitting in my broker account as of this morning that needs re-investment somewhere. I'll head over to the CFE thread and DMOR. I'm a little concerned that last year the Coffee Republic here in Chiswick was converted to a Starbucks (luckily we still have a Caffe Nero) but if they can break into some of the Eastern European markets then there seems to be room for expansion. More of that on another thread...

AdieH - 15 May 2007 17:28 - 704 of 2037

Well I kept mine as there was no reason for the dramatic drop of the last few days, for anyone who got in at 50p then it would have been a concern but most of the posters on here at least have been holding for some time thus could afford to take a slight hit on paper profits. I myself am waiting to use the 2 year tax break on AIM... I have no issues with negative comments if they can be backed up, I do not appreciate people making such comments about board members...

Agree dclinton that tomorrow will be interesting, the board have made everyone aware what the situation is so hopefully in the near future we will get facts about the future roll out... I stand by my estimate that we will see 1.00 in 12-18 months (if everything comes off)... Good Luck to holders.

dclinton - 15 May 2007 17:35 - 705 of 2037

Well, COH seem to have built a good presence in various countries and if they can get to a stage of profitability then I don't see why we can't get good growth out of them over the next few years.

They're still my biggest holding, but seemed a prudent time to adjust the balance of my portfolio and locking in some profit. Got any other good prospects on your radar that I can check out? It's been a while since I added anything to my portfolio so seems a good time to start hunting out some new stars.

AdieH - 15 May 2007 17:47 - 706 of 2037

ACC for the future, they seem to have sorted themselves out and starting to sign significant contracts... SEO might be worth a look but its a serious gamble but huge upside if this new management can sort themselves out and sign big deals (high risk possible high rewards)...

David10B - 15 May 2007 17:57 - 707 of 2037

AdiedH

Look at your comments!! Shocking, unfounded and without warrant.

Did I not say before becoming embroiled in all this to let the share price do the talking!

However what is said is said.

DC

I research all my stuff thoroughly.

I was first alerted to MLR by a Mike Walters feature and tip.

I did not buy it, but had it on my watch list for years.

It went down and down to almost nothing.

Now the fortunes have changed and MLR is vertually a brand new company.

Have a look and see if you can see the massive, yes massive upside.

I am also into PLE, OMH, LUP, AMS, CFE, GDP, DISL and a few others

Best wishes and good luck.

proteus - 15 May 2007 18:15 - 708 of 2037

As for todays movements it looks as though there were some BOTS running.A mark down by the MM's triggered automated trades of about 3600 a time kicking in at 36p,you can see a number of repeat sells at that price.The price continued to drift down to the point where a buy BOT was activated and at 35.5p and a series of buy trades went through in parcels and the price moved back up.It looks like the MM's triggered the BOTs which is in their interest as they make money on the trades. That what it looks like to me.
No name calling from me but I reserve the right to inform pi's about any poster with an agenda and to point out inconsistencies.This person wants COH to fall as he's got a beef with the management.

AdieH - 15 May 2007 18:19 - 709 of 2037

Good points proteus, I was unaware of how these worked but the information is enlightening. Thanks.

David10B - 15 May 2007 18:53 - 710 of 2037

Proteus your misconception are frankly alarming.

I have no beef with anyone except the out and out rampers who have persistently ramped COH as being a no brainer and stated its going to a pound.

Clearly it is not!

Clearly something is not right with COH as the DT business section alluded to too.

I dont not wish to see any share fall, especially ones where the PI has investments at arount 30% higher than the CMV.

AdieH will not, or can not, provide a supporting value for COH at 38p let alone 50p. Can you? You appear, as you do, to be the better educated.

His reasons for advising others to get in is that a few instituational buyers and a Mr Currie made the mistake of buying at 41P!

I really must rest my case on that point alone, but before doing so, I thank you for your most educated post and understanding of the trading system

Have a really nice evening, and I sincerely trust it all bodes well in the morrow, as I really dont like seeing people lose, no matter what you may think.

Ultimate Cynic - 15 May 2007 19:04 - 711 of 2037

10JimB, waxman, David10B, you are a complete knobhead and bore!
All your ramblings match exactly the dire output that came from 10JimB on ADVFN and waxman on III, almost word for word!.
IT IS SO OBVIOUS even to a newborn child that you are all one and the same person. WHY DON'T YOU JUST ADMIT IT?
YOU'RE NOT FOOLING ANYONE "old chap".
GIVE IT UP!!!!!
UC.

proteus - 15 May 2007 19:06 - 712 of 2037

So you think Bentley and Worthington are good managers then. OK thats cleared that up. Now as you say its going to fall,let's both make estimates of next year i.e. 2007/2008 figures for sales,gross profit,admin costs,profit before tax and cash generated/lost at the local level.Not saying it will rise or fall in the coming months but some hard figures will help people make their own minds up.

David10B - 15 May 2007 19:21 - 713 of 2037

Ultimate Cynic.

I am none of those, just David, but I admit to beng a bit of a bore, at least the chaps down the pub think so when I keep getting double top to go out on..

Proteus.

Far from them being good managers....far, far from it.

Mr Bentley is a pretty useless specimen, as the perfomance of BKE clearly demonstrates for all to postulate thereon, I need not say more..

Mr Worthington has clearly missed the boat, he laid his plans for expansion and should have bought leases when they were reasonably cheaper. I mean he obviouly knew his expansion plans.

Others have bought ahead of him now and COH will suffer, will suffer a lot in the long run, thus determining it is far from the no braiiner, ten bagger most ramping holders predict it to be.

I will roll out some guesstimates for the futire, but it will take a few days as I am not at home, I am working on my retirement house and if the weather breaks that will naturally take priority.

Have a great evening.
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