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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 - 04 Jun 2007 11:17 - 1041 of 2037

I have no estimates for COH.

NTAV PS

However Net Tangible Assets Value per share ratio, is defined as Shareholders' funds attributable to equity interests minus Intangibles, divided by the number of shares in issue. The calculation of NTAV per share is as follows and taken from ADVFN, for accuracy

[(ord cap,reserves - intangibles) / shares in issue] * 100

Note: Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

So here we have a compny with an assumed NTAV subject to inaccuracies suppoting a current share price of 37p

And then the assest are in realiy leases, furnishing and fixtures full stop.

Its plain to see that the company is grossly over valued.


MLR is a new company now so you would have to work the Accorus takeover into the eqaution, Oviously Mr BMW was in the fast lane and overlooked that.
The day gets better, I trust so for you too.

proteus - 04 Jun 2007 11:45 - 1042 of 2037

You were ramping MLR before the aquisition so the logic still stands.
If you have no estimates then you have no basis on which to criticise. So you have been shown up on EBIT and assets what do you want to try next ?

David10B - 04 Jun 2007 11:50 - 1043 of 2037

Turning now the Net asset value," or "NAV," of an company in our constant search for the all important intristic value.

The NAV is the companys total assets minus its total liabilities.

Nopw to me and to my way of thinking assest must be made for profit.

COH has cash assets but this does not reflect the true trading state of th company as this is cash call money and not money from earned profits.

Lots of talk around the financial web sites that COH has money to spent and this gives a false impression as there is little mention of the fact that its all shareholders funds.

Put it another way, without these cash calls COH would be broke. today. And broke after 7 years in business.

Full stop.

But then I know nothing.

AdieH - 04 Jun 2007 11:53 - 1044 of 2037

This board really has degenerated, used to have constructive comments but now its awash with crap and mainly due to one person... Agree that maybe we should highlight investments that David10b,waxman ramps and then destroy those threads... Glad to see some of you are highlighting his inadequancies but at the loss of this once useful thread... Keep up the good work and maybe he will get the message (if you had admitted you were shorting COH then maybe you would have been treated differently)...

David10B - 04 Jun 2007 11:54 - 1045 of 2037

If you care to research before your posting you will find in the last year end accounts that MLR was set to move into profit in 2008 in any event on its own accord.

I should point out that its pretty much impossible to bottom fish for highly profitable companies which sell at a premium.

David10B - 04 Jun 2007 12:00 - 1046 of 2037

Good MORNING ADIEh OH BUT I AM NOT NOT NOT SHORTING.

PLEASE UNDERSTAND THAT I AM ONLY POSTING HERE SPECIFICALLY TO OPPOSE YOUR PERSISTANT UNFOUNDED RAMPING OF THE SHARE.

THERE IS NO OTHER REASON.

Did you mention that you lived in Fishponds?

Accoring to my mail box these BB are much more diverse since I appeared here.

I feel that we should all pull over shares apart and please as MLR is my favourite at the moment GO HAVE A BLOODY GO OLD BASH AT IT.

I REALLY WOULD WELCOME THAT.

You can all see true value for money then---so stop talking and please start doing.

AdieH - 04 Jun 2007 12:14 - 1047 of 2037

If your responding to me I cannot see you as your squelched, there is nothing you say that interests me, I know what your agenda is you seek glorification on this board as you have no life... Don't give us all this crap about trying to enlighten people about poorly run company that has no potential, others BMW and Proteus have exposed you as a ramper on other threads and you don't actually know what your talking about... I have suggested others squelch you as you spurt is garbage and my time is much more important to me than wasting it reading your drivel... You have been exposed...

David10B - 04 Jun 2007 12:25 - 1048 of 2037

Whatever it is that pleases you AdieH, anything to lower your blood pressure would be a positive step in aid to the inflicted.

Now whenb are you going to start to dissect MLR?

proteus - 04 Jun 2007 12:34 - 1049 of 2037

When you learn to speak english or type. I have no interest in MLR,your ability to analyse shares would put it on an avoid list.But who knows it may go up or down.Just observing that your analysis here would point to MLR being a failure ,either that or your analysis here is flawed. Either way you do not seem to have a clue.

bmw325 - 04 Jun 2007 12:39 - 1050 of 2037

He is a sheepshagger...thats why.

proteus - 04 Jun 2007 12:42 - 1051 of 2037

His presence in MLR is enough to show investors the dangers.

David10B - 04 Jun 2007 12:58 - 1052 of 2037

what ever you say but it was COH at fell from heaven.

Have a really nice day I cant be bothered with blind fools for a while

proteus - 04 Jun 2007 13:03 - 1053 of 2037

Please come back when you can speak clearly.

David10B - 04 Jun 2007 22:15 - 1054 of 2037

I neither have a problem speaking, hearing nor writing, neither
too does COH, check out the sells--- the downward presure will catch many a fool with his pants down

David10B - 04 Jun 2007 22:16 - 1055 of 2037

I really did think that the mechanical mouthpieces here were going start taking MLR apart. Ah well out with the old oil gun.

AdieH - 04 Jun 2007 22:19 - 1056 of 2037

He's trying to pretend to be someone else on iii now... Alan Tittymarsh, how many other names are you going to use loser...

David10B - 04 Jun 2007 22:25 - 1057 of 2037

oh dear have I been rumbled or is there more than one person thinking COH is grossly over valued.

Form iii with full acknowledgement thereto

Re: Share Price Alan Tittymarsh 1


"Titty marsh I would guess is also waxman, david10b, please note neighbourhood have been informed and I would treat both with extreme caution, they don't know what they are talking about"

Well I certainly wouldn't trust your judgement for starters, considering that you are profoundly incorrect. I only post under one username as I have done for years.

You may not like the fact that the sp is falling, but you'd better deal with it. COH remains seriously overvalued. And for those who reckon P/E ratios aren't important in assessing a company's value, they are one very important criterion, perhaps the first of a number you should be looking at.



David10B - 04 Jun 2007 22:52 - 1058 of 2037

poor old utterly diluded AdieH,

IT APPEARS THAT HE DOES NOT KNOW HIS TITTYMARSHS FROM HIS WAXMEN. AND THEN OF COURSE THERE IS PEDRO JACK

bmw325 - 04 Jun 2007 23:17 - 1059 of 2037

Dave the Rave does not know what day it is....his short term predictions are always wrong as well as his long term tips...eg MLR will start blue this am and COH will drop to 11P which he has predicted for the last 18months....LOLOLOLOLOLOL.

NO WONDER HE LOST A PACKET ON BKE WHEN HE SOLD THEM FOR LESS THAN 0.230P...THAT WAS THE BEST LAUGH OF MY LIFE.

proteus - 04 Jun 2007 23:38 - 1060 of 2037

MLR will either be a success or a failure.Your ability to comprehend even simple accounts does not make it worthwhile helping you on that company.
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