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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 |
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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
- 17 May 2007 11:58
- 741 of 2037
LOL, always the positive... Please note that as the SP hasn't moved I would guess looking at the mid price that some of the indicated sells might actually be buys... Thought you were an experienced trader David...
Have you ever thought that COH might actually be bought out by one of the larger Coffee shop retailers??? Makes perfect sense, let the little man do the hard work then take them over and re-brand... Just a thought you might like to consider as you like to spend time analyising COH...
Have a lovely day... mate...
Have you ever thought that COH might actually be bought out by one of the larger Coffee shop retailers??? Makes perfect sense, let the little man do the hard work then take them over and re-brand... Just a thought you might like to consider as you like to spend time analyising COH...
Have a lovely day... mate...
David10B
- 17 May 2007 12:37
- 742 of 2037
Hello AdieH
Kindly take a look at the graph above it should be able to tell you something.
With respect, if you recall it was Mr Worthigton whom stated that COH was now too expensive to be considered a buy out target by experienced retailers in the same line.
Mr Worthinging's statement effectively supports my views that COH has indeed paid well for its leases.
However, with a bundle of shareholders' funds tucked safely away, and yet to make its own substantial profits/funds for such ventures, why should COH be the least bothered as to what amount it pays for its sites?.
COH's progress is clearly reflected in today's market place.
I trust your day goes well.
Kindly take a look at the graph above it should be able to tell you something.
With respect, if you recall it was Mr Worthigton whom stated that COH was now too expensive to be considered a buy out target by experienced retailers in the same line.
Mr Worthinging's statement effectively supports my views that COH has indeed paid well for its leases.
However, with a bundle of shareholders' funds tucked safely away, and yet to make its own substantial profits/funds for such ventures, why should COH be the least bothered as to what amount it pays for its sites?.
COH's progress is clearly reflected in today's market place.
I trust your day goes well.
AdieH
- 17 May 2007 12:49
- 743 of 2037
Lol, I wish you would admit to being waxman and the various other alias people have attributed to you... as you say you can't understand why people have numerous different names on these bulletin boards...
How about we just let the sp do the talking... The holders here are obvious happy to be holding and that would include the 50+ that have requested me to forward RWs email to them.. Your preaching to the converted here and wasting your valuable time when you should be decorating your pad for your retirement... Regards.
How about we just let the sp do the talking... The holders here are obvious happy to be holding and that would include the 50+ that have requested me to forward RWs email to them.. Your preaching to the converted here and wasting your valuable time when you should be decorating your pad for your retirement... Regards.
proteus - 17 May 2007 13:00 - 744 of 2037
10B,
It doesn't answer any part of my question.What do you see as the sales ,Gross Profit,etc for this year and next ? That is what drives the share price.Numis have given their estimates at a NPV of 66p.You suggest that an decrease in price is likely.Any viewers here would like to see your estimates as a counter proposition.
It doesn't answer any part of my question.What do you see as the sales ,Gross Profit,etc for this year and next ? That is what drives the share price.Numis have given their estimates at a NPV of 66p.You suggest that an decrease in price is likely.Any viewers here would like to see your estimates as a counter proposition.
David10B
- 17 May 2007 13:03
- 745 of 2037
Hi AdieH
If it makes you happy you may call me whatever pseudonym you wish should you feel that doing so could alter the course of the SP.
However please be assured that I only have one name, and thats often one too many at the end of the month when the Visa bill comes rolling in!
I am glad the current holders are happy, however the 1,000,000. odd sellers yesterday were clearly not, as are those today.
The decorating will be sometime off as its structural work at the moment and thats on stop due to water seepage, but thank you for inquiring.
Have a great day too.
If it makes you happy you may call me whatever pseudonym you wish should you feel that doing so could alter the course of the SP.
However please be assured that I only have one name, and thats often one too many at the end of the month when the Visa bill comes rolling in!
I am glad the current holders are happy, however the 1,000,000. odd sellers yesterday were clearly not, as are those today.
The decorating will be sometime off as its structural work at the moment and thats on stop due to water seepage, but thank you for inquiring.
Have a great day too.
David10B
- 17 May 2007 13:11
- 746 of 2037
AdieH
With respect Sir, I really admire your dedicated tenacity, therefore may I direct you to the recent progress of MLR and to the solid base that it is now working from.
I feel this could be a very safe, secure opportunity to at least triple your funds short term.
Good luck with your investments, as we all need that.
With respect Sir, I really admire your dedicated tenacity, therefore may I direct you to the recent progress of MLR and to the solid base that it is now working from.
I feel this could be a very safe, secure opportunity to at least triple your funds short term.
Good luck with your investments, as we all need that.
David10B
- 17 May 2007 13:13
- 747 of 2037
Proteus as said will do so shortly.
Kindly to not press a topic that needs carefully considered reply.
Kindly to not press a topic that needs carefully considered reply.
proteus - 17 May 2007 13:21 - 748 of 2037
OK happy to wait , thought your earlier reply suggested you were not providing any more figures.
David10B
- 17 May 2007 13:35
- 749 of 2037
Kindly consider that reply to be my interim report please.
David10B
- 17 May 2007 15:25
- 750 of 2037
Bid now fallen despite all the news.
David10B
- 17 May 2007 16:17
- 751 of 2037
Now marked down further.
Come on chaps I can't be that wrong that something is badly wrong here!
I guess Shares Mag may need a slight rethink or a new lemming keeper and even Mr Worthington's pepe talk to AdieH seem to have a had a further negative effect on the SP.
Perhaps the Daily Telegraph was right, as was the AIM and OFEX.
They usually are pretty good with stocks.
Have a great evening.
Come on chaps I can't be that wrong that something is badly wrong here!
I guess Shares Mag may need a slight rethink or a new lemming keeper and even Mr Worthington's pepe talk to AdieH seem to have a had a further negative effect on the SP.
Perhaps the Daily Telegraph was right, as was the AIM and OFEX.
They usually are pretty good with stocks.
Have a great evening.
David10B
- 17 May 2007 18:59
- 752 of 2037
AdieH with respect to you, your most admirable indefatigable effiorts and all other shareholders.
Sometimes writing to the boss is a good thing, other times its not.
A good CEO will always have a feel for which way the SP will go.
Mr Worthington would hardly tell you anything negative no matter what the prevailing influences may be.
I believe that Mr Worthington's interests, like that of most CEOs, with a few exceptions such as CFE perhaps, would be more favourably disposed to appeasing his major shareholders.
Please take care, as doing my calculations for Proteus, I find that COH is currently trading, and has been for some time, way, way above its intrisic value, and that being so it could justifiably mean that it could easily fall a lot further before finding such value.
Have a nice evening.
Sometimes writing to the boss is a good thing, other times its not.
A good CEO will always have a feel for which way the SP will go.
Mr Worthington would hardly tell you anything negative no matter what the prevailing influences may be.
I believe that Mr Worthington's interests, like that of most CEOs, with a few exceptions such as CFE perhaps, would be more favourably disposed to appeasing his major shareholders.
Please take care, as doing my calculations for Proteus, I find that COH is currently trading, and has been for some time, way, way above its intrisic value, and that being so it could justifiably mean that it could easily fall a lot further before finding such value.
Have a nice evening.
David10B
- 17 May 2007 19:55
- 753 of 2037
Since writing the above I have just been alerted of the late recording of massive sells. I had done for the evening and switched the computer off, only to have a mob alert to go to my email box.
I sincerely trust, for all the small punters in this share at anything over 40p, that this is not as bad as it looks.
I reserve further comments until the morning,
I sincerely trust, for all the small punters in this share at anything over 40p, that this is not as bad as it looks.
I reserve further comments until the morning,
David10B
- 18 May 2007 08:25
- 754 of 2037
Good morning chaps.
I really dont want to stick in my twopennethworth over these sells.
However I feel that it needs to be said, in refernce with my post above numbered 752, that it would be incrediable if Mr Worthington did not have a idea these sells were coming.
Furthermore, if I were he, my shareholders would have had an RNS on the matter, for clarity's sake, long before now.
I sincerely trust the damage is limited, but as stated earlier, COH is still seeking, and yet to find its bottom line.
I really dont want to stick in my twopennethworth over these sells.
However I feel that it needs to be said, in refernce with my post above numbered 752, that it would be incrediable if Mr Worthington did not have a idea these sells were coming.
Furthermore, if I were he, my shareholders would have had an RNS on the matter, for clarity's sake, long before now.
I sincerely trust the damage is limited, but as stated earlier, COH is still seeking, and yet to find its bottom line.
David10B
- 18 May 2007 08:32
- 755 of 2037
From iii this morning.
Re: Empik Gonner2003
Makes perfect sense Kimboy, would expect RNS soon to confirm details... Immediate future depends on who will pick the shares up... The brokers and board seem confident of the future and that is good enough for me...
That may be, but the confidence in Mr Worthington must be somewhat dented now, considering the recent reassurences you posted from him.
Would you not agree?
Re: Empik Gonner2003
Makes perfect sense Kimboy, would expect RNS soon to confirm details... Immediate future depends on who will pick the shares up... The brokers and board seem confident of the future and that is good enough for me...
That may be, but the confidence in Mr Worthington must be somewhat dented now, considering the recent reassurences you posted from him.
Would you not agree?
David10B
- 18 May 2007 09:52
- 756 of 2037
I would have thought, that seeing how Mr Worthington normally is very responsive with his replies to his shareholders' questions, and he must have a ton today, the the lack of a statement on the biggest sale todate of COH shares could prove indicative of a big problem brewing.
If, as is being banned about one the financial BBs, it is indeed EMPIK that has dumped, this would signal, I believe, far bigger problems as Empik would not be dumping a good thing, would they?
Again simply postulating, if there are problems in the wind then these must be new and grave, otherwise it would have made sence for EMPIK to have dumped at the time of the placing at 41p, No one is going to just waste revenue!
Empik is there, in the middle of it, an indigenous company who have been around for years with a finger on the Polish/Eastern Euopean business pulse.
Dont forget also Mr Worthington, and another director, dumped at what is considered to be an unfavorable time-
The total dumped could equate to both EMPIK and possibly Mr Curries' shares, however all we can do is to guess wildly in the dark, in the absence of a company statement!
If, as is being banned about one the financial BBs, it is indeed EMPIK that has dumped, this would signal, I believe, far bigger problems as Empik would not be dumping a good thing, would they?
Again simply postulating, if there are problems in the wind then these must be new and grave, otherwise it would have made sence for EMPIK to have dumped at the time of the placing at 41p, No one is going to just waste revenue!
Empik is there, in the middle of it, an indigenous company who have been around for years with a finger on the Polish/Eastern Euopean business pulse.
Dont forget also Mr Worthington, and another director, dumped at what is considered to be an unfavorable time-
The total dumped could equate to both EMPIK and possibly Mr Curries' shares, however all we can do is to guess wildly in the dark, in the absence of a company statement!
David10B
- 18 May 2007 10:39
- 757 of 2037
AdieH please for the sake of other its time for sanity not your crazy posts such as this from iii
Re: Re: Gonner2003
4 million sell just gone through, def dumping of stock and it would make sense its empik... RNS should confirm this, doesn't change the company just direction...
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It does change more than the direction which is obviously now down, and possibly out!
Any fool can see this company is in trouble.
I have been telling you all for ages it has no intrinsic value.
Please prove me wrong instead of what are now just your silly ramps.
Re: Re: Gonner2003
4 million sell just gone through, def dumping of stock and it would make sense its empik... RNS should confirm this, doesn't change the company just direction...
--------------------------------------------------------------------------------
It does change more than the direction which is obviously now down, and possibly out!
Any fool can see this company is in trouble.
I have been telling you all for ages it has no intrinsic value.
Please prove me wrong instead of what are now just your silly ramps.
David10B
- 18 May 2007 12:22
- 758 of 2037
AdieH you are conspicuous through your absence on this BB today old chap!
Is there nothing to report from Mr Worhtington, seeing, as it apparent, the copious correspondance that you have been used to having from the company?
Could you kindly keep us informed as to what is going on please.
Many many thanks, David10B
Is there nothing to report from Mr Worhtington, seeing, as it apparent, the copious correspondance that you have been used to having from the company?
Could you kindly keep us informed as to what is going on please.
Many many thanks, David10B
driver
- 18 May 2007 14:31
- 759 of 2037
May be a switch to CFE?
AdieH
- 18 May 2007 14:45
- 760 of 2037
If you look at the trades 4 million was a sell this indicates possibly Empik might have dumped their shares, they bought at about 10p average, the rest are sells/buys normal days trading... Hopefully we get an RNS soon for an update on holdings. Once EMPIK removed we can get on with business... Expect an RNS soon for an update... Regards.
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