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MYHOME INTERNATIONAL PLC - The AA Of The Home - Now Appearing On AIM. (MYH)     

goldfinger - 31 Dec 2006 09:35

Listed on the AIM market on Friday the 29th of December.

Picture1.jpgheader_r1_c6.gifsplash2_01.jpgmyhome_new8.jpglogo_black.jpgp.php?pid=legacydaily&epic=MYH&type=1&sip.php?pid=staticchart&s=OF^MYH&p=0&t=1&c MARKET CAP 31 Million, Opened up on Aim at 68p mid price. Large investors include Unilever and Nigel Wray consortium. 4 million will be used by Myhome as working capital in order to further build its franchise. The company is CEOs O'Connell's creation. He merged his own residential cleaning business with a carefully researched and computerised rival developed by Unilever. The detergent behemoth lost interest after spending, in small company terms, a fortune developing an IT franchising operation. It still has shares in Myhome, issued when it sold out. There is no doubt that Unilever's sophisticated computerised system has provided Myhome with invaluable infrastructure.
It has allowed it to expand its home-cleaning operations and buy other franchise businesses. Besides residential cleaning, the group undertakes grass cutting, oven and car cleaning, and kitchen and bathroom refurbishment. It has about 300 franchisees; in three years it expects the number to top 700.

p.php?pid=staticchart&s=OF^MYH&p=5&t=1&c

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---

Company website..

http://www.myhomeplc.com/home_fs.htm

Old Historic thread with plenty of usefull contributions and information....

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10149#lastread

Latest analyst forecasts ...

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.


DYOR.

mickeyskint - 23 Feb 2007 12:54 - 139 of 459

GF

Winnie metioned Worthinghton today. Flagged them up as a hold. Yet another good call by you, well done.

MS

goldfinger - 23 Feb 2007 13:01 - 140 of 459

Cheers mate. Its nice to get some right.

I think MYH is a far better company than Worthington Nichols though (and WNG is a 2 bagger in 8 months).

I see the potential at MYH as amazing. Some are put off by thinking they just mow grass and clean houses but by golly theres some money to be had in these mundane tasks, and then add on the likes of future plumbing and electricians and the opportunity to cross sell etc, etc etc.

Cash, cash , cash.

I see this as a top 250 company and not many years down the road either.

goldfinger - 23 Feb 2007 13:02 - 141 of 459

Just ticked up aswell, you must be lucky mickey for MYH.............. NICE.

AUGUSTMAN - 23 Feb 2007 13:07 - 142 of 459

Just bought some more - had to pay 79p per share, but now ready to reach for stars. Good luck to all holders.

AM

chad - 23 Feb 2007 13:14 - 143 of 459

I've just added another lot too.

goldfinger - 23 Feb 2007 13:27 - 144 of 459

Yep just had a look at Plus trading platform and these are flying off the shelves at 79p a time.

mickeyskint - 23 Feb 2007 13:33 - 145 of 459

I'm in. Had to pay 79. Just a small investment to get on board. I'll top up as we go.

LOL
MS

Mr Turbot - 23 Feb 2007 14:00 - 146 of 459

I've just topped up at 79. Bought in a low as 65 originally and happy to stick with this one. Good luck to all MYH holders

Paulo2 - 23 Feb 2007 14:07 - 147 of 459

Desperate to get in, but can't do it for about four weeks.

AUGUSTMAN - 23 Feb 2007 14:43 - 148 of 459

50000 Just been sold.....80p buy now.

AM

goldfinger - 23 Feb 2007 16:05 - 149 of 459

Exciting stuff, welcome aboard to the new holders.

goldfinger - 23 Feb 2007 16:11 - 150 of 459

Just been looking through my archive of clipings for this one and found this note from some Franchise Mag late last year......

Russell (CEO) assured me that customers are prepared to hand over a set of keys and they give their credit card details in advance enabling MYH to simply deduct its fee. What is more these these wealthy and house proud customers are the sort 'to tidy up before we arrive'. And to ensure that MYH gets any and all feed back, he insists on communicating with customers over the telephone rather than e-mail.

AUGUSTMAN - 23 Feb 2007 16:30 - 151 of 459

Next large franchise show is London in March i believe. Could well be some PR prior to that as a basis for attracting new franchisees. Confident of a steady run over next four weeks. Grass cutting season just about upon us!!!. A good weekend to all.

AM

AUGUSTMAN - 23 Feb 2007 16:35 - 152 of 459

400K worth of shares released late on - looks like maybe broker trades - any views??

goldfinger - 23 Feb 2007 16:41 - 153 of 459

Not sure what to make of them, but theres not going to be any problems with liquidity.

Good finish to the week and hoping for more next week.

Derek Pain of the independant might have something to say tomorrow.

Greyhound - 23 Feb 2007 18:12 - 154 of 459

Taking a couple weeks hols but checking how things are going, nice to see the rises of late - this is just the beginning.

Madelin - 23 Feb 2007 18:59 - 155 of 459

With the right managment it could indeed motor along very well as it can only have a tiny slice of the potential market at present. With attention to the regional variations in its brand thrust it has a very large market that I doubt anyone has tried to consolidate.

Biscuit - 24 Feb 2007 09:59 - 156 of 459

Nice little mention in the Independent this morning, says about expecting rapid earnings upgrades.

goldfinger - 24 Feb 2007 11:59 - 157 of 459

Biscuit was it the Derek Pain column?.

Rapid earning upgrades................. NICE. Looks like we could be in for an eventful 10 days or more.

Biscuit - 24 Feb 2007 12:50 - 158 of 459

No, nothing in Derek Pain's column GF. Under "Market Report".
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