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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 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.

David10B - 16 May 2007 09:09 - 714 of 2037

pben10 via MoneyAM

Thank you for your email and kind words.

Best now to let the share prices of the stocks your mentioned do the talking and let the trend be your friend.

Best wishes and good luck with your portfolio,

David10B - 16 May 2007 10:41 - 715 of 2037

Dear AdieH please dont be shy.

I extracted this post off iii and acknowledge their excellent service.

I figured you must be one and the same, although I will never understand the use of multiple names on these BBS, which are suppost to help investors and not confuse them.

I am sure we will all be pleased to see the response, that is if you are not nervous of the possiblity that I may be able to drive some canyons through it-

BUYResponse from RW Gonner2003
Hi, Just to let you all know that I've had a response from RW in regard to the recent decline in the SP, if you want the email then please email me at AdieHurford@hotmail.com. Its very positive...

Have a really nice day.

David10B - 16 May 2007 11:01 - 716 of 2037

Come come Sir you are not normally tardy with your defence of this declining stock, kindly let us have sight of Mr Wortthington's Email.

The content is surely in the public domain in any event, and therfore there can be no need to be evasive, can there?

AdieH - 16 May 2007 11:53 - 717 of 2037

LOL... as the link says email... Why I ask would you want a copy of the email, you don't hold and you have made your own decision regarding RW...

David10B - 16 May 2007 12:35 - 718 of 2037

But we need to know AdieH

COH needs all the support it can get right now as even a massive 600,000 buy failed to lift the price.

The market is talking and diehards like you are simply not listening.

I would suggest, with respect AdieH, that if Mr Worthigton has anything positive to say to you then you make it public for the benefit, and the peace of mind, of those trapped in COH at around 50p.

To do otherwise would be an extremely selfish gesture.

David10B - 16 May 2007 12:54 - 719 of 2037


Thank you for your email AdieH

However I have a question:-

IS IT NOT HIGHLY QUESTIONABLE, AND POSSIBLY ILLEGAL, FOR DIRECTORS TO MAKE AND GIVE OUT SP FORECASTS?

Or is Mr Worthington becoming so desperate and therefore needs to justify his position?

Hence the making of wild claims in order to do so.---Just a thought which needs clearing up!

proteus - 16 May 2007 13:09 - 720 of 2037

Any progress on the financials ?

AdieH - 16 May 2007 13:11 - 721 of 2037

It is not his view but the brokers if you actually read it... As you say let the sp do the talking...

David10B - 16 May 2007 14:02 - 722 of 2037

Proteus

Its coming old chap, although I need your help on one point please as I can not figure out what each store is currently making, both gross and nett, its all so vague, consequently your input would prove helpful.

AdieH.

Of course its the broker's or brokers' note. I did not think for one moment Mr Worthington would have committed himself to figures of this nature

It is indeed a dreaful day weather wise but I trust you all fair well.

AdieH - 16 May 2007 14:11 - 723 of 2037

David your comment intimated it was from RW, he is too experienced to have made a silly mistake like that... We agree now to let the SP do the talking...

David10B - 16 May 2007 14:17 - 724 of 2037

AdieH please get it right you said on iii you had heard from RW.

THIS IS WHAT YOU SAID.

BUYResponse from RW Gonner2003
Hi, Just to let you all know that I've had a response from RW in regard to the recent decline in the SP, if you want the email then please email me at AdieHurford@hotmail.com. Its very positive...

Futhermore, I note you say that we agree now to let the do the talking!

For the sake of clarity and a better understanding, I too agree to my original suggestion taking precident.

proteus - 16 May 2007 14:18 - 725 of 2037

I have no privileged info,all I could do would be to pull up the past results.Assume you have more info than me as you've looked into it expecting a fall? Just give it a shot.If we can get to an estimate for this/next year then it's each to his own as to what multiple you think it's worth.

AdieH - 16 May 2007 14:25 - 726 of 2037

For clarity I received an email from Richard, he was quoting a figure of 60p, which was quoted by a broker/brokers and not by Richard himself... Case closed...
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