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.’

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I've squelched him would advise you do the same... you have to wonder for someone who wouldn't touch COH with a barge pole you do have way too much time spent on this board... There is quite an informative board on www.iii.co.uk if you want to go there until David decides to get a life...

AhieH good eveing.

I wonder why on earth you would even begin to consider squelching a person who has called it right from his very first post on COH, while you have been saying it will be going up and its a great buy etc.

Just imgine the fate of those novice investors who may have listened to you.

I happen to care about those guys as I know the value of a buck, being, as I am, on a pension, and seemly far more cautious than you appear to be.

With respect AdieH, I thought that I had made it clear to this BB that since my retirement my life is now involved in renovating my newly bought house and learning an understanding of the stock market, which is why I post here.

So you see I have a life and its good.

When my house is finished and sell my current main home in Manchester, I will have realised my dream to live by the sea in Devon.

I will also have a surplus funds released to in order to be able to invest more in stocks, which is why I am studying the market now.

I was attracked to COH because of BB comments, however since researching the company I found it is mainly hype driven.

Oh I will admit that its had a good run, but unfortunately thats the power of hype over substance, and stock runs based on hype eventually run out of steam.

It was in fact your comments here, and then I discovered you on iii, that caused me to expound my contrary views

Also please consider that I have only made two main calls on this BB:-

A/ sell COH as its going to fall and

B/ buy MRL as its going to rise.

Both as of now called right.

Again with respect, when I said beware of COH you said it would go up!

This I found to be very interesting, as based on what reasoning or substantial research I really don't know, as you never did say

My findings clearly indicate that COH has little, or no intrisic value and is therefore is a very high risk share , just as RHPS called it some tme back.

I only try to present a balanced view: no doubt as time passes I will be the brunt objective of other shareholders in other shares, but how then are we to learn if we all become nodding donkeys.

Have really nice weekend. I really do have a very nice life, but thank you in any event for your kind concern.

Just picked this up off iii

Subject Author RecsAll1+2+3+4+5+10+20+
20:33 Empik mackker
The Empik trading relationship has never materialised into anything of value and Empik now has greater need for the cash as it is not hitting its targets in its core business. COH does not need a relationship with Empik in order to achieve its growth ambitions it has good relationships with land lords and a cash rich balance sheet. The timing of the Empik disposal is unfortunate so soon after the company's own fund raising. However it is worth considering that investors have now absorbed well over 20m primary and secondary shares over the last 2 weeks (some 20% of the comapny's equity base). This is a positive sign of support from institutional investors. This remains a very valuable company with a strong brand franchise in a fast growing consumer market.


It all maybe perfectly correct and yes investors have picked up a lot of shares. However there is no doubt they would be a lot happier today if they had indeed picked then up at the dumpig price over the past two trading days.

Surely it can be seen that this dumping is not a very positive sign for COH, and that there must be a further falls in an already overstretched and ambitiously valued company!


Besides all that it never really achieved much since the following notice, except perhaps to rake the shareholders for more and more cash.

http://www.iii.co.uk/investment/detail/?type=discussion&code=cotn%3ACOH.L&it=le&id=2567564&action=detail

All this and not a word from the COH board.

While Mr Worthington was feeding AdieH honey, he obviously knew this all the time.

Rather bad show chaps!

[May 15, 2007] Empik Media and Fashion Reduces Q1 Losses

(Polish News Bulletin Via Thomson Dialog NewsEdge) In the first quarter of 2007, EM&F group, managing 306 retail and service centres in the fashion, beauty product and entertainment segments, recorded revenue of ZL296m, at the same time incurring net losses of ZL2.8m. In Q1 of 2006, the two figures amounted to ZL217m and ZL4.2m, respectively. "The sector we operate in is specific in the sense that a large part of our annual revenue is generated in the last quarter of the year. On the other hand, the first three months of the year are usually rather unsuccessful. Nonetheless, we managed to reduce the losses incurred during this period year-on-year," says EM&F CEO Maciej Dyjas.

*****The group's plans for 2007 foresee opening 70-90 new stores, which will cost it up to ZL90m, and launching a new brand called Jennyfer targeted at teenage customers. At the same time, EM&F is considering selling its share in the Coffee Heaven cafe chain. \nc 01000000 \nc 04007000***********

Informative post from Rafa on iii, I wont cut and paste but would suggest you take a read... Regards.

If Empik was not a good deal initially then oviously it was poorly researched to start with.

That now apparently being so, would add further support for my opinion on the COH management team.


Furthermore AdieH, with respect, getting this information from the public domain, and not directly from the CEO has the appearance of relegating the small shareholder to the second row.

I mean being as you are normally in such close contact with Mr Worthington.

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Personally I have never found a need for ignorance, but if it is to be bliss then obviously it will be so.

Have a great evening one and all.

Ditto!! ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
UC.

As suggested to regular posters, use the squelch facility it works a treat as I see David continues to post. As I haven't read I would guess he is still on the personal agenda against RW and the COH board, add iii to your favourites some good discussion and posts over there... Regards.

He is banned on iii

Yes I know that is my i'm encouraging people to migrate for now... did he not realise that we know he is waxman... and he's previous deramping was to 14p...

Dear AdieH

Good morning.

Surely there is no need to resort to frabrication.

Far from being waxman or banned from iii, is the truth of the issue.

I dont not have any personal vendetta against COH or its board I simply comment on the conduct thereof, and in the continued absence of an RNS in order to clarify the recent share disposals, such comments would definately appear to be possitively well founded.

The only problem with following your advice and directing people to the COH BB on iii is that the whole BB is totally misleading as to the facts.

However, when in a rampers paradise I suppose that the best that one can expect.

Meanwhile kindly let the SP do the talking and try to relax and enjoy your week.

By the way please note my prediction for MLR is well and truly on tract and should see 30p very soon.

Furthermore COH is now down a full 7 points since I predicted here that it would fall.

I would like to think that my research is going in the right direction.

Just to politely remind you of what has been stated here previously.

silvermede - 04 May 2007 11:25 - 567 of 777
Time to top up potentially.

AdieH - 04 May 2007 17:05 - 568 of 777

Yes institutions willing to pay the current sp for shares, director is topping up again (he knows a thing or two)... Would like to know where the captial is going but hey trust RW with my dosh... Target of 1.00 for me and hopefully within the year... Good Luck.

David10B - 04 May 2007 19:48 - 569 of 777

The only problem with this is yet again they come back to the market for even more money. Matters not its underwritten.

I feel they have missed the boat in not using the funds they raised 18 month ago.

Now there is heavy competition in a limited market and they have had 3 million approx just sitting in the bank----seems like living high off investors interest to me. AVIOD for the moment

Stockdog - 04 May 2007 21:06 - 570 of 777
david10B - utter crap, but respect your right to believe it.

AdieH - 04 May 2007 21:07 - 571 of 777
Really, so are they burning the cash pile NO if you check the

10B,

Well I've waited quite a few days now.Surely if you're confident of a fall you must have some idea of the next years P/L.I want to see the counter proposal to the Numis figures before I draw any conclusions on investment.

Funny a positive day and someone is very quiet... Strange we haven't had a RNS to update on holdings... Maybe EMPIK are retaining a certain amount of their holdings... Does anyone know how long before they have to inform the company of their reduction in holdings (if it is them)?

All in good time my friend, all in good time.

Meanwhile I really do take my hat off to all the brave investors buying today.

I was confident of a fall from 48p if you recall. One big downward push is enough for now. The bigger one will come I have no doubt about that.

Meanwhile its patience when both buying and selling, as the market loves the irrational.

Well chaps, one and all, the news is out and it was EMPIK dumping and fund raising with the issuing of more bonds.

You know these people at Empik have been in that market a long time and still seem to be cash pressed.

I dont really undertsand why.

However as I am leaving my investments in those countries in the hands of CFE I wont comment further.

That said and with the EMPIK deal now on the public domain, it is interesting to see a normally very communicative Mr Worthington----silent!

Have a pleasant eveing.

Why would he comment, he is not the CEO of EMPIK he's concern is with COH and as far as I can see the dumping of 10million shares has not really affected COH too much... those shares are being snapped up by other investors... please note the 1p rise today and please your earlier comment of shorting these from 48p please check your recent posts as your memory seems to be diminishing... you started your rant at 41/42p... get your facts correct please.