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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coffee Republic | CFE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 |
| Top Posts |
|---|
Posted at 29/10/2009 13:50 by winning_streak symptomatic of the egotistical cfe insiders ............. |
Posted at 22/9/2009 11:12 by carwhite Firstly I made 19k when I got out of CFE and told others to do the same. Its all here in the back posts./ CGNY is trading well right now in the private sector and has a brilliant future do buy it if you dont like it.. Mrs Swan slags all shares she lost money on, rather pathetic really. Barty should be jailed, even on the comments he made here, sadly there were too many trusting Texas nodding donkeys here. |
Posted at 21/9/2009 14:37 by aussiedonnie W-S, apart from putting this really really awful share behind us , what can one do? - move on is probably the best solution for us poor X CFE holders. :-( |
Posted at 18/9/2009 17:53 by cufes2 "Suffice to say I made about £58k on my CFE shares and you will just have to lump it."How crass is that considering the losses some people have incurred here . . . |
Posted at 13/8/2009 15:35 by jockblue Agree with most of what you say C911 but I'm not sure what sort of position CFE was in at the back end of the year to negotiate with Barclays. If they had no cash, it's difficult to come up with any form of bargaining chip that will let them support you other than going along with it. Banks currently are very keen on only lending short term - so agreeing to a position going forward and backing it up with a placing may have been CFE's only option. The fact that Barclays took a bath indicates that CFE didn't give up without a fight though. Sadly all it did was postpone things for a few months..... |
Posted at 14/7/2009 20:28 by winning_streak Very tough decisions taking stores from a man in a coma, taking two stores from one man with a purchaser lined up - charging more than M&S for supplies, giving false figures for turnovers of stores - getting franchisees' builders to "uplift" £40k on costs, great, real tough decisions - JAF your selectiveness is incredible which is why I, for one, do not believe that you are JUST a shareholder - unless you are still a practicing guitarist - with the brains of. YOU were HAPPY with the management - but, they lost you tens of thousands - bloody incredible, and you are happy to walk away, nothing said, just put it all down to experience - even more bloody incredible.The administrators have my details and all the concerns I have raised - so does the journalist at The Sunday Times and the Accountants investigations board, the CIB, the BFA - I WILL stay on and fight against this sort of franchise organisation which only builds churning and conning into it's business practice - I will fight to the death to make sure that the ordinary man on the street is NOT sold dreams - just facts. This outfit is unscrupulous, mis-sells and lives in cloud bloody cookoo land and needs laying to rest Where did Dan's £320k go How many stores were churned over the last two years Why does cfe smoked salmon cost more to buy from suppliers than M&S? Why the wastage? Why spend money on £600 block prints for shops? The franchisees DO open individual accounts with suppliers - that's not a new concept - each store, if it goes under, is liable to the suppliers. WHERE is the equipment from barstlett's Plymouth store and WHY was it removed ont he friday prior to issuing the RNS at 6 pm? Why use an administrator who lives in Bristol - as does Peter Breach - ok, instructed by Barclays but wasn't Breach a banker in his previous life? Where did all the money go from the churned stores - it isn't in the accounts - so is the amortisation of these funds going to be tic with the administrators or will it be hidden? along with all the "promises" to get franchisees to sign agreements? How long will cfe get away with taking stores with no notice? This, I think, is just the tip of the iceberg. JAF you are a total, total, waste of space - I hope the exhaust drops off wifey's Merc - but buying that was probably a fib too. Get RID of barstett once and for all - look at the piece of paper he wanted the franchisees to sign - is this a man you want to stand up and be counted with???????????????? |
Posted at 13/7/2009 19:13 by carwhite You really cant say that can you! If that is the best excuse you can find for CFE failing....well?Running a coffee shop is easy(business wise but long hard hours work wise) if you have good management and a good footfall. A cuppa costs less than 20p and sells for a cheeky £2.50, or more at outlets like CFE However at my friends they sell a cuppa for £1,20 and are always packed. Just a thought for any of you wanting to pick up CFE bits and pieces. |
Posted at 11/5/2009 08:43 by winning_streak Churning - probably the best example of this are the South Molton and Great Marlborough stores. Franchisee doing well - but outside catering leading to cashflow problems - so he put one store up for sale. Sells store and the deal is going through one Monday - the Friday before cfe repossesses BOTH stores and sells to the purchaser lined up by the franchisee it appears this franchisee in now in trouble too but I cannot confirm this.Uplift - two stores in mr mairs area choose to use their own builders who are substantially cheaper than cfe builders - like for like quotes. Instructed and in comes cfe project manager and hey presto - an extra £40k is suddenly added to the original quote. Mis-selling - franchisees are being promised support, marketing, training etc and these are not being provided. Ingredients - cost and quanitities are more than M&S because cfe has to take a rake off from the suppliers. Also quantities from cfe suppliers result in too much wastage. Dan doesn't have the money to take them to court - but, there is now a no win no fee brief coming into play!! You have heard all of these from umpteen posters on here and you will not listen or get your own evidence. You are happy for cfe to carry on losing you money. |
Posted at 11/5/2009 08:19 by winning_streak JAF, you do not take a blind bit of notice of ANY bad news as far as cfe are concerned. You appear to be very happy that cfe has lost you loads of money and still don't question why. cfe are churning stores to keep them afloat there is a "dodgy" uplift of builders costs mis-selling is happening ingredients cost more from cfe suppliers that m&s dan has been ripped off for £320k just a few "happenings" jonc is waiting till the share price hits goodness only knows what before he buys!! |
Posted at 12/3/2009 12:04 by jockblue Harry #3861 You r post's obviously crossed with the one I;ve just replied to Berni. Just to clarify.... you say... You are given a price, coffee republic then tell the contractor to up the price drastically, this money is then passed back to coffee republic in return for a promise of more work to the contractor. This money is then passed back to coffee republic. It's illegal. Simple. The franchisee borrows money based on the initial contract sum. The massive uplift in cost destroys the franchisees cash flow and puts him on his back. At what point in this process are contracts signed (and hence in theory the price agreed). Leaving out CFE's involvement for a mo, if you verbally agree a price with a builder, he's bound to come back with changes and extras - that's why people agree these things in contracts. So, if you tell me that you've agreed a price with a builder to fit out to CFE's exact fit-out requirements (no substitutions, no corner-cutting) and that CFE have confirmed that spec and quality and builder are ok, and the price is retrospectively changed, then there's a case to answer - albeit with the builder and not CFE..... If the build is not up to CFE's standards then they've every right to get involved. Obviously, if the goalposts moved after you've had written agreement to it, there's a case to answer, but I'm not sure that there is anything illegal about a system of rebates from the contractor to franchisor you describe...happy to be proven wrong though:-) The issue is all about bits of paper that you signed...... By the way, who's the short term winner in your tale of woe...struggling to see one myself. |
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