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Coffeeheaven non-exec tops up

Coffeeheaven non-exec tops up

04.04.2008

This genius investor does dizzying levels of research to uncover...Half Price Shares!

Deals to avoid the changes to CGT ahead of the end of the tax year continue to dominate, but one exception looks to be the purchase of over £876,000 worth of shares in Poland-focused coffee shop owner Coffeeheaven.

Non-executive William Currie bought the shares, at 27.3p, to take his holding up to 12.1%. Currie, a former stockbroker with his own investment fund, has been a steady buyer but this latest purchase is by far his largest for some years.

In December, Coffeeheaven posted normalised pre-tax losses of £101,000 in the six months to the end of September, compared with profits of £144,000 in the same period of 2006. Revenues increased 61% to £7.1m from £4.6m, while like-for-like sales rose 20%.

Coffeeheaven said the deficit was down to the move into the Czech Republic, where the company has been expanding, and Bulgaria, where it opened its first stores.

Top Director Buys

Coffeeheaven International (COH)

Director name: Mr William Currie

Amount purchased: 3,209,268 @ 27.30p

Value: £876,130

Goals Soccer Centres (GOAL)

Director name: Mr Bill Gow

Amount purchased: 200,100 @ 298.50p

Value: £597,298

Goals Soccer Centres (GOAL)

Director name: Mr Keith Rogers

Amount purchased: 150,100 @ 298.50p

Value: £448,048

Goals Soccer Centres (GOAL)

Director name: Mr Morris Payton

Amount purchased: 150,100 @ 298.50p

Value: £448,048

Serco Group (SRP)

Director name: Mr Christopher R Hyman

Amount purchased: 79,000 @ 446.00p

Value: £352,340

Sinclair Pharma (SPH)

Director name: Mr Jean-Charles Tschudin

Amount purchased: 150,000 @ 42.00p

Value: £63,000

Davenham (DAV)

Director name: Mr James R Kerr-Muir

Amount purchased: 32,226 @ 128.00p

Value: £41,249

Stobart Group (STOB)

Director name: Mr Rodney Baker-Bates

Amount purchased: 30,571 @ 130.00p

Value: £39,742

Serco Group (SRP)

Director name: Mr Christopher R Hyman

Amount purchased: 6,564 @ 446.70p

Value: £29,321

Sinclair Pharma (SPH)

Director name: Mr Jean-Charles Tschudin

(Article continues below)

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Amount purchased: 55,000 @ 40.30p

Value: £22,165

Top Director Sells

Scottish & Newcastle (SCTN)

Director name: Mr John M Dunsmore

Amount sold: 119,554 @ 790.70p

Value: £945,313

RPS Group (RPS)

Director name: Mr Alan Hearne

Amount sold: 250,000 @ 311.00p

Value: £777,500

Keller Group (KLR)

Director name: Dr. J Michael West

Amount sold: 100,000 @ 730.00p

Value: £730,000

Goals Soccer Centres (GOAL)

Director name: Mr Bill Gow

Amount sold: 200,000 @ 298.50p

Value: £597,000

Goals Soccer Centres (GOAL)

Director name: Mr Keith Rogers

Amount sold: 150,000 @ 298.50p

Value: £447,750

Goals Soccer Centres (GOAL)

Director name: Mr Morris Payton

Amount sold: 150,000 @ 298.50p

Value: £447,750

Serco Group (SRP)

Director name: Mr Christopher R Hyman

Amount sold: 83,677 @ 449.80p

Value: £376,379

Scottish & Newcastle (SCTN)

Director name: Mr John R Nicolson

Amount sold: 45,376 @ 790.50p

Value: £358,697

Carillion (CLLN)

Director name: Mr John McDonough

Amount sold: 60,200 @ 389.30p

Value: £234,359

Serco Group (SRP)

Director name: Mr Christopher R Hyman

Amount sold: 24,216 @ 449.50p

Value: £108,851



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