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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 - 30 Dec 2006 11:42 - 123 of 125

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

THE GUARDIAN
* Keep and eye on MyHome International



goldfinger - 30 Dec 2006 12:02 - 124 of 125

Got it, tipped in the Guardian...

Keep an eye on Myhome International , which supplies household services such as cleaning and gardening. It made a successful Aim debut yesterday after moving from Plus Markets (formerly Ofex). It raised 4m by placing shares at 40p each with investors including entrepreneurs Nigel Wray and Stephen Hemsley. The shares closed at 68p , valuing the business at 31m . The Myhome brand was started as a cleaning service by Unilever , before being bought by current chairman Russell O'Connell in 2001. It runs as a franchised operation and has added services including a gardening business and a kitchen repair division. It intends to expand organically and also by buying other companies. Its Aim flotation will give it access to the necessary funds.

silvermede - 31 Dec 2006 14:51 - 125 of 125

Thanks for new thread gf. Bought into MYH 2 weeks ago after watching for sometime. Business model looks good. Have a Happy & Prosperous New Year!
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