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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.

AUGUSTMAN - 03 Jan 2007 17:15 - 14 of 459

Thanks guys found them now - appreciate the help

AM

goldfinger - 09 Jan 2007 10:36 - 15 of 459

Back positive again and trading on a forward P/E of just over 10.

soul traders - 10 Jan 2007 11:31 - 16 of 459

Good morning GF,


Thanks for pointing this one out on the SID thread.

I have to agree that MYH's business model looks very compelling and I certainly understand and agree with the argument that there is a need for its services. I already have a cleaning lady here in Frankfurt and if I had a car and a garden and the resources to pay somebody to do the hard work, I would be looking for a company like MYH to take care of it.

With that thought in mind I guess the opportunities for cross-selling must be outstanding.

Am also impressed with the vision for global growth (Ireland, Oz, etc).

Am kicking my self for not taking a look while this was on Plus, as I now see from the chart that this has ten-bagged over two years, so had I read your earlier thread, GF, I might have been better informed sooner!

Still, things look good, so will continue to keep an eye on the co.

Thanks for the tip!

goldfinger - 10 Jan 2007 11:51 - 17 of 459

ST great to have you looking in here.

The company is still cheap on a forward P/E of just 10.

I agree the Interbnational prospects look very interesting.

The company as also a cash pile so watch out for acquisitions very soon.

goldfinger - 15 Jan 2007 11:16 - 18 of 459

Added a few on this mornings pull back.

AUGUSTMAN - 16 Jan 2007 08:51 - 19 of 459

a bit of good news up a couple of pence

Myhome International PLC
16 January 2007

16 January 2007



MYHOME INTERNATIONAL PLC

('Myhome' or the 'Company')



Autosheen subsidiary wins Lloyds TSB contract win /ISO accreditation





Myhome is pleased to announce that its Autosheen division - one of the UK's
leading national mobile valeting organisations - has been awarded a contract
with one of the UK's largest fleet management and funding specialists. Autosheen
is a market leader in mobile vehicle valeting, servicing the needs of major
leasing, fleet, insurance companies and also the motoring public across the UK.



Lloyds TSB autolease manages over 130,000 vehicles within the UK and have
awarded Autosheen an ongoing contract. Autosheen are able to deliver a
first-class, nation-wide professional mobile valeting service for each and every
vehicle within the fleet across the UK from its centrally controlled HQ based in
Oxfordshire .



Joe Bhamra, ServiceTrak Manager for Lloyds TBS autolease said: 'It was crucial
that we found the right strategic business partner that would be able to
comfortably service the 130,000 vehicles we currently manage. In Autosheen we
found an organisation that provides a professional nation-wide valeting service,
that is large enough to cope with our fleet and that works to set business and
customer standards.'



Myhome is also pleased to report that Autosheen has been accredited the highly
coveted Quality Management System ('QMS') 9001/2000 ISO 14001 ISO 9001:200
award.



ISO 9001:2000 is the most commonly used international standard of quality
assurance that provides a framework for an effective QMS. The system will ensure
continued consistency and improvement of working practices, which in turn will
provide products and services that meet customer's requirements.



The driver for seeking ISO 9001:2000 registration was to continue to attract
potential national contracts, specifically lease and fleet management companies.



Bhamra continued: 'We take our environmental responsibility very seriously so
were very pleased to discover that Autosheen use environmentally-friendly
products, which are in-line with all current and future EC legislation. Their
ISO 14001 environmental accreditation was a significant factor in our final
decision.'



Russell O'Connell, Executive Chairman of Myhome, commented: 'The quality of the
service provided by the Autosheen team is reflected in its ISO accreditation,
and this will help to secure and maintain key relationships with organisations
such as Lloyds TBS autolease.'

goldfinger - 16 Jan 2007 11:27 - 20 of 459

Quality news from a quality company.

goldfinger - 19 Jan 2007 01:04 - 21 of 459

From todays UK analyst.......

Myhome International*

Key Data
EPIC MYH
Share price 69p
Spread 67p - 71p
Market cap. 23.72 million pounds
12 month range 66p - 72.5p
Market AIM
Website www.myhomeplc.com
Sector Support Services
Contact Russell O' Connell
08450 668 866


Myhome topped off a successful year by completing its promotion from PLUS Markets to AIM on 29th December. The move came shortly after the companys full-year results which showed tremendous profit growth [+329%], although earnings were flat due to the dilutive effect of business-building share placings during 2006. It started 2007 with news in January 16th that its Autosheen subsidiary had won a car valet contract with LloydsTSB Autolease which has a fleet of 130,000 cars. The value of the contract was not specified but is significant.

The company is well placed to demonstrate further growth with the expansion of its premium local services, covering house cleaning, car care and garden maintenance. Over the past 12 months it has grown its franchisee network from 62 to 290, with the addition of a further 10 franchisees so far in the current financial year.

Organic growth has been a main driver of the business, but there has also been a fair amount of acquisition activity, too. Indeed, the company intends to target further acquisitions covering both business-to-business and business-to-consumer brands. With earnings set to grow rapidly to at least 13p in the current year the rating remains undemanding.

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




goldfinger - 19 Jan 2007 01:05 - 22 of 459

13p earnings at least.......................... blimey these are cheap.

Looking forward to the new note.

silvermede - 19 Jan 2007 09:58 - 23 of 459

That means a PER of just over 5 at current sp. That is cheap gf! Happy to hold.:-)

goldfinger - 19 Jan 2007 11:10 - 24 of 459

SM cheaper than chips even LOL.

I cant wait to see the next note.

The porential here is amazing.

soul traders - 19 Jan 2007 11:29 - 25 of 459

Agreed - it's all making very nice reading. Am going to stare at my portfolio until I get a headache to see if I can make a decision about shifting into this one.

goldfinger - 19 Jan 2007 11:32 - 26 of 459

A P/E of 5 is very cheap ST.

Is your finger twitching over the buy button? LOL.

And then theres the war chest put in by Wray and his buddies.

Mouth watering stuff.

soul traders - 19 Jan 2007 11:43 - 27 of 459

GF, I am certainly getting a bit trigger-happy here.

Do you happen to have access to a breakdown of major shareholders? Could be interesting, but I can't find one via my online broker.

goldfinger - 19 Jan 2007 12:04 - 28 of 459

Will try and dig it out for you ST.

goldfinger - 19 Jan 2007 12:15 - 29 of 459

Unfortunately Plus have wiped all data away so its a case of digging deep.

Heres the new investors after the move to Aim, I will now hopefuly get the position of major holders before the move up...........

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.



goldfinger - 19 Jan 2007 12:20 - 30 of 459

Here we are ST the full shibang.......

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:


Prior Admission Post Admission

Nigel William Wray - 14.87%
JM Finn Nominees 13.41% 10.04%
Russell O'Connell 12.66% 11.88%
Starvest plc 9.53% 7.14%
BNY (OCS) Nominees Limited 7.31% 5.48%
Stephen Glen Hemsley - 5.41%
Rathbone Nominees Limited 6.80% 5.09%
TD Waterhouse Nominees 5.34% 4.00%
HSBC Global Custody Nominee (UK) Limited 5.05% 3.78%
Franchise Investment Strategies plc 4.69% 3.51%
Sarah Meong Yee 4.33% 3.24%
Pershing Keen Nominees 4.02% 3.01%
Unilever UK Holdings Limited 3.18% 2.38%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A

Therefore just over 20% in free float.

Biscuit - 19 Jan 2007 14:02 - 31 of 459

Are you sure they haven't got next years expected earnings mistaken for this years earnings? Seems like a huge increase in forecasts based on little news?

Biscuit

soul traders - 19 Jan 2007 14:41 - 32 of 459

Thanks GF.

goldfinger - 19 Jan 2007 14:54 - 33 of 459

Biscuit, yes it certainly does look like one heck of an upgrade but the article does say "to 13p at least in the current year".

I take that to be the companys financial year.

Must admit on a few sites posters have been taken aback by the figure.

Lets not forget though this from the statement......

"Over the past 12 months it has grown its franchisee network from 62 to 290, with the addition of a further 10 franchisees so far in the current financial year".


I suppose everything will be revealed come February when the new note comes out.
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