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MY HOME INTERNATIONAL PLC, Might Be Worth Getting In Before Move To Aim. (MYH)     

goldfinger - 01 Jul 2006 10:55

Worth doing a bit of research on this one. Growing like crazy and is still relatively cheap with a forward P/E of around 13 to the results this year and only 7 for next year.

Plenty of news flow to come and is moving up to the Aim market later this year.

Myhome is an international multi-product franchising company providing home
services such as residential cleaning, lawn care and kitchen and bathroom
resurfacing services. Originally developed by Unilever, the Company was
admitted to Ofex in January 2002. The following year the Company launched its
franchise programme and has identified as many as 300 potential franchise
territories within the UK. Myhome is a member of the British Franchise
Association.

The acquisition from Unilever provided the Company with extensive training
systems, bespoke scheduling and billing software and valuable marketing
materials. In addition it acquired Unilever's unique Tri-Colour Cleaning
system, an efficient home cleaning methodology that was the result of extensive
time-and-motion studies.

Nicenstripy is a South East-based franchise providing residential gardening
services throughout the year. Founded in 1996 Nicenstripy currently has 40
franchisees. Myhome acquired Nicenstripy in two tranches in December 2005 and
April 2006.

Surface Doctor provides a cost effective way to repair and refurbish kitchen
and bathroom surfaces as an alternative to the expense and disruption of
replacement. The system uses a proprietary bonding agent to restore and re-
colour kitchen cabinets, worktops, baths, sinks, tiles, and other surfaces.
Surface Doctor was acquired in February 2006.

Like Myhome, Nicenstripy and Surface Doctor are also associate members of the
British Franchise Association.

Ovenclean is a residential oven cleaning business with 167 franchisees. It
operates both in the UK and internationally. The Board believes that Ovenclean
will immediately benefit from the IT systems, group marketing efforts, and
cross-selling potential of Myhome.

Ovenclean has a database which exceeds 20,000 homes and presents a strong
opportunity to enhance customer spend with other Myhome service offerings. The
Ovenclean franchising business operates on a fixed management fee structure,
which guarantees income growth, irrespective of the underlying franchisees
performance.

www.myhomeplc.com
www.nicenstripy.com
www.surfacedoctor.com
www.ovenclean.com

DYOR.

Cheers GF.

goldfinger - 13 Dec 2006 11:04 - 104 of 125

Nudging up again.

Biscuit - 13 Dec 2006 11:19 - 105 of 125

Yes, looking at the PEG for current year expectations, it still looks very good value.

goldfinger - 13 Dec 2006 11:48 - 106 of 125

Yup and a new high, just hit.

goldfinger - 13 Dec 2006 12:18 - 107 of 125

Everyman and his dog buying in now.

Iankn73 - 13 Dec 2006 21:22 - 108 of 125

I'm so glad I bought into this a few months ago. Who knows where this will go when it floats on AIM 29th Dec. Cant come soon enough for me. This is certainly a long termer IMO.

goldfinger - 13 Dec 2006 23:34 - 109 of 125

Certainly is.

goldfinger - 14 Dec 2006 10:43 - 110 of 125

On the move north again.

goldfinger - 18 Dec 2006 08:03 - 111 of 125

DAILY EXPRESS today...

Investment Extra: Looking back on 2006's respectable gains

AIM Market: The Media Buzz - MyHome International

Anybody have a copy?.

Iankn73 - 18 Dec 2006 20:48 - 112 of 125

For anyone who may have missed todays Daily Express:

silvermede - 19 Dec 2006 08:48 - 113 of 125

Positive write up & great publicity, story needs to be picked up by other national press now.

goldfinger - 19 Dec 2006 10:00 - 114 of 125

Many thanks Ian for the press clipping, spot on.

stockdog - 19 Dec 2006 10:02 - 115 of 125

The 33m on AIM versus 24m on Plus is a trick of the light - it's just the placing of the 10m with Wray/Hemsley and recent exercise of options by RO and others. Crap, cheap reporting to suggest it is BECAUSE of its move to AIM.

I remain very positive on this share and do not need lazy journalists over-egging the story.

goldfinger - 20 Dec 2006 08:42 - 116 of 125

Looks like from the MM action over the past few days that they are holding back a few for the aim launch LOL.

goldfinger - 28 Dec 2006 10:03 - 117 of 125

News
Myhome International plc - Withdrawal from PLUS


28 DECEMBER 2006


MYHOME INTERNATIONAL PLC
("MYHOME" OR THE "COMPANY")

WITHDRAWAL FROM PLUS

Further to the announcement made on 11 December 2006, the directors of the
Company confirm that Myhome is withdrawing from PLUS at the close of business
today, 28 December 2006. It is anticipated the ordinary shares of 5p each in
the capital of the Company will commence trading on AIM on 29 December 2006.


---ENDS---

The Directors of Myhome accept responsibility for this announcement


ENQUIRIES:

MYHOME INTERNATIONAL PLC 020 8404 6479
Russell O'Connell, Chief Executive 07801 064 905
Simon McNeill Ritchie, Chairman


goldfinger - 29 Dec 2006 02:42 - 118 of 125

From Growth Company Investor this evening.......

New home for Myhome
28/12/2006
As foreshadowed by Growth Company Investor in May, franchise group Myhome International joins AIM tomorrow after a 4 million funding. Myhome began life as the residential cleaning division of food-to-detergents conglomerate Unilever before Australian entrepreneur Russell O'Connell took it over. The company has expanded since then into other franchise areas, such as gardening maintenance and kitchen and bathroom surfaces refurbishment. Myhome launched its shares onto Ofex, now the PLUS share market, where its shares have risen from below 15p to a current 65.5p (with a 5p spread), well above the 32.5p at which Growth Company Investor highlighted the speculative potential in May. In the year to October, the acquisitive company lifted pre-tax profits 329 per cent to 734,000 on 400 per cent increase in franchise network turnover to 13 million. Two weeks before Christmas, a group of investors including Nigel Wray and Stephen Hemsley agreed to put 4 million of new money into the company at 40p representing a comfortable 30 per cent discount to the then market price of 58.5p. They also agreed to accept warrants to subscribe up to a further 3 million at the same 40p price. A move to AIM has often meant an immediate share price gain for companies exiting PLUS. Longer term, prospects depend on the Myhome's hitherto successful formula continuing to work.



goldfinger - 29 Dec 2006 10:14 - 119 of 125

Here we go then...........

Myhome International PLC
29 December 2006



29 December 2006



MYHOME INTERNATIONAL PLC



Admission to AIM



Myhome International Plc ('Myhome' or the 'Company') today announces that its
ordinary shares have been admitted to trading on the AIM market of London Stock
Exchange plc ('AIM') and that unconditional dealings in its ordinary shares will
commence today ('Admission'). The ticker symbol remains unchanged and is 'MYH'.
The Company's shares will continue to be capable of being traded on PLUS.



Highlights



Significant presence in the home services franchise sector with over
290 franchisees;

Board with experience of operating franchise companies as well as
expertise in the retail and corporate environments;

Brands provide a variety of premium local services, supported by a
central infrastructure providing sales and administrative support;

Targeting further acquisitions including business to business as well
as business to consumer brands; and

4 million investment by Nigel Wray, Stephen Hemsley and certain other
investors (the 'Investors') completed today.



On 15 November 2006 the Company announced that the Investors had agreed to
subscribe 4 million for 10,000,000 new ordinary shares of 5p each in the
Company (the 'Subscription Shares') at a price of 40p per Subscription Share
conditional, inter alia, upon Admission becoming effective. In addition, the
Investors would be granted warrants (the 'Warrants') to subscribe for up to
7,500,000 new ordinary shares at 40p per share. All of the conditions under this
conditional investment agreement have now been satisfied and the Subscription
Shares and Warrants have today been issued to the Investors.



Further to the Company's second announcement on 11 December 2006, 500,000 new
ordinary shares have been issued to Robert Boot and 1,114,584 new ordinary
shares have been issued to Russell O'Connell pursuant to the exercise of options
and warrants respectively.



The AIM admission document is available at the offices of Myhome, 119 Richmond
Road, Kingston Upon Thames, Surrey, KT2 5BX or from the Company's nominated
adviser, Noble & Company, 5th Floor, 120 Old Broad Street, London, EC2N 1AR for
a period of one month after Admission.



Russell O'Connell, Executive Chairman, made the following comments: 'Myhome has
had an extremely successful period and we look forward to pursuing our buy and
build brand expansion strategy. We believe this move to AIM will allow us to
take advantage of the increased profile a listing on London's junior market
affords. The Group will benefit from better access to capital which will enable
Myhome to increase its rate of growth.'





---ENDS---


stockdog - 29 Dec 2006 11:02 - 120 of 125

Morning Goldfinger - nice tick up, albeit on zero volume. I guess no professional investor will be in till after NY so it shows up as performance for next year. I would expect to see a significant volume of buying over the next few weeks which should not reduce the SP, at least.

Between now and trading statement for 6 months to March, we may well get news of new brands acquired or established. The Australian franchise is really one to watch.

Good luck to all for 2007.

goldfinger - 29 Dec 2006 11:22 - 121 of 125

Yup it is strange day to float but then again, as you say the new year should be very interesting.

Happy new year.

goldfinger - 30 Dec 2006 10:53 - 122 of 125

An email from the usual suspects:

Our highly conservative estimates put September 2007 earnings at 6.8p rising to 13.5p in 2008. At 68.5p, Myhome trades on a 2007 earnings multiple of 10.4 falling 5.3 in 2008. That does not discount the explosive growth we have learnt to expect from the group, including the newly incorporated revenue of Ovenclean and Autosheen plus future earnings enhancing acquisitions.

Our forecasts and recommendation are suspended pending the publication of a detailed note next month.

goldfinger - 30 Dec 2006 11:42 - 123 of 125

Anybody have a copy of this?.......
Saturdays Guardian.

THE GUARDIAN
* Keep and eye on MyHome International



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