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
- 03 Jul 2006 23:35
- 15 of 125
No problems Critchey, Ive been in this business now for 23 years and I used to get help at the beginning. Im now just short of 40 but I still beleive theres plenty to learn.
In fact in this business its an ongoing thing and I notice you say you are fairly new.
I would advise you to learn as much as possible from the Greats of the past.
Read as many best sellers as possible. ' One Foot Up On Wall Street' is a stonking read from probably the best fund manager in history. (forgotten his name now, although hes a genious and the book is only about a tenner)
Also Warren Buffet is a good read but he can get a bit boring.
Charts yes get to know them but dont for gods sake rely on them like some do. Theres a differencwe between price and value.
Cheers GF.
goldfinger
- 03 Jul 2006 23:36
- 16 of 125
No problems Critchey, Ive been in this business now for 23 years and I used to get help at the beginning. Im now just short of 40 but I still beleive theres plenty to learn.
In fact in this business its an ongoing thing and I notice you say you are fairly new.
I would advise you to learn as much as possible from the Greats of the past.
Read as many best sellers as possible. ' One Foot Up On Wall Street' is a stonking read from probably the best fund manager in history. (forgotten his name now, although hes a genious and the book is only about a tenner)
Also Warren Buffet is a good read but he can get a bit boring.
Charts yes get to know them but dont for gods sake rely on them like some do. Theres a differencwe between price and value.
Cheers GF.
goldfinger
- 03 Jul 2006 23:41
- 17 of 125
Have to say I just love this stock It reminds me of when I piled into Sporting Bet at 7p a share(on Ofex) and added all the way up to 19.5p and I havent sold one........NICE.
I beleive long term this one will be even better.
goldfinger
- 04 Jul 2006 01:11
- 18 of 125
very very bullish on this one.
goldfinger
- 04 Jul 2006 14:41
- 19 of 125
Looks like all buys to me today. One big purchase and we could be through 50p.
CRITCH16
- 04 Jul 2006 16:07
- 20 of 125
GF thanks for the book advice i am currently reading one by Peter Bernstein- Against the Gods- the remarkable story of risk -i suggest you read it if you havent already, although not on shares it has allowed me to define my risk profile and is also a great read.
Im struggling to generate target prices for things, i dont want to be too greedy then again i want as close to the maximum upside as i can so where will MYH be in a years time and do you have any targets or milestones for this? Im quite happy to take 100% and run to clear some of my debts!!!
PS you have an e-mail
goldfinger
- 05 Jul 2006 10:20
- 21 of 125
Critchy, click on my envelope at the side of my name, you can send me a private message there. Make sure yours is activated though to receive a reply.
Never really go for this price targeting thing as Im usually a long termer and as long as the stock remains cheap (and a trend moving up) ie, a reasonable P/E ratio I remain with it no matter what the SP on the market as at some time a re rating would occur if the stock was too cheap.
Im not a big TA fan where they normally just look at the ongoing price and take no account as to wether the stock represents good value.
cheers GF.
goldfinger
- 05 Jul 2006 11:04
- 22 of 125
Last (excelent ) results...
Myhome International plc - INTERIM RESULTS AND PROPOSED MOVE TO AIM
23 MAY 2006
MYHOME INTERNATIONAL PLC
(OFEX: MYH)
("MYHOME" OR THE "COMPANY")
PROPOSED MOVE TO AIM
AND
INTERIM RESULTS
PROFITS DOUBLE AS RAPID EXPANSION CONTINUES
Myhome, one of the UK's leading franchisors of residential services, is pleased
to announce its interim results for the six month period to 31 March 2006.
These results reflect a significant rise in network turnover, profit before tax
and EPS, and mark the Company's first reported results as an international
multi-product residential franchise operation.
FINANCIAL HIGHLIGHTS
* Profit before tax up 285% to GBP278,663 compared to GBP72,335 for the same
period last year and GBP176,992 for the year ended 30 September 2005;
* Network turnover up 319% to GBP3,150,875 (six months to 31 March 2005:
GBP752,000);
* Basic Earnings per share up 69% to 1.02p (six months to 31 March 2005:
0.604p);
* International Master Franchise programme launched in Ireland - setting
blueprint for further expansion;
* Brand expansion strategy launched with the acquisitions of Nicenstripy and
Surface Doctor; and
* Closing in on the 100th group franchise (at 31 March 2006: 85 compared to
31 March 2005: 19).
POST BALANCE SHEET HIGHLIGHTS
* Announcement of intention to move to the Alternative Investment Market
("AIM") before the end of the calendar year;
* Myhome Master Franchise awarded in Scotland - generating a fee of
GBP150,000 in the second half of the current financial year; and
* Australian office launched, commencing the global expansion of the Myhome
brand name, with first franchise awarded.
Commenting on today's announcement, Russell O'Connell, Chief Executive said:
"WE ARE DELIGHTED THAT THE INTERIM RESULTS ARE BEGINNING TO REFLECT THE IMPACT
OF THE ACQUISITION STRATEGY ON THE GROUP. THIS IS OUR FIRST REPORT AS AN
INTERNATIONAL MULTI-PRODUCT FRANCHISE OPERATION, HAVING ACQUIRED NICENSTRIPY
AND SURFACE DOCTOR IN THE PERIOD. WE ARE ACTIVELY LOOKING TO EXPAND OUR
PORTFOLIO OF SERVICES IN THE COMING MONTHS. ALSO, OUR EXISTING FRANCHISEES
CONTINUE TO GROW IN LINE WITH OUR EXPECTATIONS, WITH PLENTY OF SCOPE FOR
FURTHER FRANCHISE AWARDS, BOTH IN THE UK AND OVERSEAS."
"THE COMPANY IS ALSO PLEASED TO ANNOUNCE ITS INTENTION TO MOVE TO AIM BEFORE
THE END OF THE YEAR. OFEX HAS BEEN FANTASTIC FOR MYHOME IN TERMS OF ACCESSING
CAPITAL AND BROADENING OUR PROFILE, BUT WE BELIEVE TIME HAS COME TO TAKE THE
NEXT STEP IN OUR DEVELOPMENT."
The Directors of the issuer accept responsibility for this announcement
---ENDS---
ENQUIRIES:
MYHOME INTERNATIONAL PLC TEL: 08450 668 866
Russell O'Connell, Chief Executive TEL: 07801 064 905
NOBLE & COMPANY LIMITED TEL: 020 7763 2200
Nick Naylor
BISHOPSGATE COMMUNICATIONS LIMITED TEL: 020 7430 1600
Maxine Barnes
Nick Rome
CHAIRMAN'S STATEMENT
The Board is pleased to announce that the Company has achieved an interim
profit on ordinary activities for the half year to 31 March 2006 of GBP278,663,
up three-fold from the maiden profit of GBP72,335 for the same period to 31
March 2005. The increase in number of franchise operations, bolstered by the
acquisitions of Nicenstripy and Surface Doctor, has increased the network
turnover to GBP3,150,875 (2005: GBP752,000).
The Company has continued the expansion of its franchise network, with 85
franchises in place as at 31 March 2006. We look forward to welcoming our 100th
group franchise in the coming months.
The Company today announces that it intends to move to AIM before the end of
the current year and is also working with its advisers, Noble & Company
Limited, on the best way to achieve this.
In closing, I would like to thank all shareholders and staff for their
continued support during an extremely busy time for the Company.
SIMON MCNEILL-RITCHIE
CHAIRMAN
CHIEF EXECUTIVE'S REPORT
This is our first report as a multi-branded, multi-product international
residential franchise operation, following the acquisitions of Nicenstripy and
Surface Doctor and the launch of the International Master Franchise Programme
in Ireland and Scotland. These deals provide a blue-print for further
international opportunities, with discussions in a number of countries about
further Master Franchises underway.
The business already has a strong infrastructure in place, providing firm
foundations for further development of the Company as a residential
franchising Company. This growth will be both organic and by acquisition. Our
numbers are particularly satisfying considering that the first half of our year
has incurred the set-up costs for Surface Doctor as well as most of our
marketing spend for the year, including the Franchise Exhibitions we have
attended in Birmingham, Manchester, London and Belfast. The leads generated at
these events form the basis for our franchise sales throughout the financial
year.
Our systemised format enables us to acquire other franchise businesses, that
will benefit from the centralised hub of support structures (IT, marketing,
accountants), whilst retaining their corporate identity and core management.
Further acquisitions that would fit into our existing residential product range
could include: carpet cleaning, oven cleaning, roofing, painting, plumbing,
electrical services, dry cleaning, security and many more. We are in various
stages of negotiations with a number of companies to acquire them, and we look
forward to making further announcements in due course.
CONCLUSION
Myhome is now established as a multi-franchise service group, with expansion
possibilities both organically and by acquisition, and both nationally and
internationally. There is clear potential to maintain this level of expansion
on all fronts, and I would like to thank our staff, franchise partners and
shareholders for their continued support in making this happen.
The move to AIM is now appropriate for the Company. Myhome was the heaviest
traded stock on Ofex in 2005, and has successfully raised initial institutional
funds whilst on the market. I would like to thank Simon Brickles and the Ofex
team for their support over the past years.
Trading continues in line with the Board's expectations and we look forward
with confidence to the future.
RUSSELL O'CONNELL
CHIEF EXECUTIVE
MY HOME INTERNATIONAL PLC
UNAUDITED INTERIM RESULTS
SIX MONTHS ENDED 31 MARCH 2006
UNAUDITED UNAUDITED AUDITED
6 MONTHS 6 MONTHS 12 MONTHS
TO TO TO
31 MAR 31 MAR 30 SEPT
2006 2005 2005
GBP '000 GBP '000 GBP '000
NETWORK TURNOVER 3,151 752 3,182
--------------------------------
CONTINUING OPERATIONS REVENUE 1,202 322 897
Cost of Sales (345) (119) (241)
--------------------------------
Gross profit 857 203 656
Other operating income - - -
Admin Expenses (579) (133) (483)
Profit from Operations 278 72 174
Investment Income 3 1 7
Finance Costs (3) (2) (4)
--------------------------------
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAX 278 71 177
Taxation (30) 30 213
--------------------------------
PROFIT/(LOSS) FROM CONTINUING 248 101 390
OPERATIONS
--------------------------------
ATTRIBUTABLE TO:
Equity Holders 248 101 390
Minority Interests - - -
--------------------------------
248 101 390
--------------------------------
EARNINGS PER SHARE
Basic 1.02p 0.604p 1.84p
Diluted 0.995p 0.520p 1.59p
--------------------------------
NOTES TO EDITORS
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.
www.myhomeplc.com
www.nicenstripy.com
www.surfacedoctor.com
CRITCH16
- 05 Jul 2006 11:21
- 23 of 125
Thanks GF, i am activated on the private message just to save destroying your wonderful thread here (mind you im sure we will look back in a few years to come with a few more pennies) are you sure your not Warren Buffet in disguise lol?? Im more of a mystec meg septic peg type lol.
With regards One foot up on Wall street can you remember the author now, i cant find the book anywhere although will read up on Buffet for my SIPP which i aim to be undertaking when the time arises for me to research up on it. Peter Berstein is a cracking read.
Let me know if you dont have my message
goldfinger
- 05 Jul 2006 23:24
- 24 of 125
Here it is critchy, Ill get your PM in the morning too bloody hot and sweaty here in West Yorkshire, I just want to drink or sleep at the moment, worse than when I recently went to Vietnam.
Heres the book and author....
One Up On Wall Street
How To Use What You Already Know to Make Money in the Market
by Peter Lynch and John Rothchild
Publisher: Simon & Schuster
Published: 2000
Edition: 2nd
Format: Pb Our price 8.49
Normal price 9.99
You save 1.50 (15%)
In stock, usually dispatched within 24 hours
global investor.com
Hope that helps, and its a beaut of a book.
cheers GF.
goldfinger
- 06 Jul 2006 12:11
- 25 of 125
A pull back this morning, time for those who missed the boat first time to get on board. I added again yesterday.
CRITCH16
- 06 Jul 2006 13:54
- 26 of 125
Thanks for the above GF, can you tell im now invested in this? Would you like me to buy more to let you average down further lol? Office is sizzling material here to........ and im further north!!!!
goldfinger
- 07 Jul 2006 12:50
- 27 of 125
Theyve just ticked UP...Nice.
Hope its not too hot critchy in that office. Im just going for a few pints of cool stella.
CRITCH16
- 07 Jul 2006 14:16
- 28 of 125
Stella GF, your showing your age lol i cant get off the Magners myself indeed the student days of Cider and Blackcurrant are not past for me . I am feeling very bullish for HML and RGT hope i am not wrong, wish i had some money to top up but as you say sit tight to my strategy.
goldfinger
- 07 Jul 2006 23:02
- 29 of 125
Its been a really good afternoon for My Homes. Looks like all buys and some big ones aswell, im suprised the price hasnt moved further up.
goldfinger
- 11 Jul 2006 14:37
- 30 of 125
Nudged up this afternoon. Drat I was hoping to get them a little cheaper on my next purchase.
goldfinger
- 12 Jul 2006 11:50
- 31 of 125
Further good news this morning...
Myhome International plc - Nicenstripy awarded ISO 9001 status
12 JULY 2006
MYHOME INTERNATIONAL PLC
(OFEX: MYH)
("MYHOME" OR THE "COMPANY")
NICENSTRIPY AWARDED ISO 9001 STATUS
Myhome, one of the UK's leading providers of franchised residential services,
is pleased to announce the award of ISO 9001 status to Nicenstripy - the garden
maintenance division of the group.
ISO 9001 is the most commonly used international standard of quality assurance
that provides a framework for an effective quality management system. The
system should ensure consistency and improvement of working practices, which in
turn should provide products and services that meet customer's requirements.
The driver for seeking ISO 9001 registration was that the key potential
national contracts, specifically local government bodies, specified it as a
condition of contract for the provision of services under the Government's
Compulsory Competitive Tendering legislation.
NICK PEARCE, CEO OF NICENSTRIPY, SAID: "THIS AWARD NOW ENABLES US TO TARGET A
FURTHER AREA OF GROWTH FOR OUR FRANCHISEES. WE ARE NOW ABLE TO TENDER FOR
NATIONAL CONTRACTS, WHICH, IF WON, COULD SIGNIFICANTLY ENHANCE OUR NETWORK
TURNOVER. COUNCIL-RUN PARKS, PLAYING FIELDS AND OTHER "GREEN" AREAS COULD NOW
BECOME NICENSTRIPY".
Myhome is a multi-product multi-branded franchise operator, specialising in the
provision of premium residential services, with its franchisee network of over
250 outlets. Myhome currently provides four key residential services: cleaning,
garden maintenance, kitchen/bathroom resurfacing and specialist oven cleaning
via the group's Myhome Clean, Nicenstripy, Surface Doctor and Oven Clean brands
respectively. The Company has announced its intention to move to AIM before the
end of 2006.
The Directors of the Issuer accept responsibility for this announcement.
--ENDS--
goldfinger
- 21 Jul 2006 11:38
- 32 of 125
Superb new note out from the Broker today. This really is one of my all time favourite stocks. New target price 80p.
http://www.equitydevelopment.co.uk/client/view.php?docid=268&newsletterid=
goldfinger
- 21 Jul 2006 14:45
- 33 of 125
Watch out next week for reviews of this stock.
Presently we have,
shares mag
investors chronicle
red hot penny shares
guardian
watshot
plus others covering. So the excelent review and upgrade from the broker today should provide plenty of ammunition for further price rises.
goldfinger
- 14 Aug 2006 11:59
- 34 of 125
Another bolt on with further issue of new shares at a lower price than the present market SP..............
Myhome International plc - Acquisition of Autosheen Limited
14 AUGUST 2006
MYHOME INTERNATIONAL PLC
(OFEX: MYH)
("MYHOME" OR THE "COMPANY")
ACQUISITION OF AUTOSHEEN LIMITED
Myhome, one of the UK's leading providers of franchised service operations, is
delighted to announce it has acquired the entire share capital of Autosheen
Limited, in a deal worth GBP500,000.
ACQUISITION HIGHLIGHTS
* Autosheen is a leading, established franchise brand operating a national
car valeting network, and is a former winner of the Franchisor of the Year
Award.
* Myhome to acquire Autosheen for an initial payment of GBP200,000,
satisfied by the issue of 439,900 new ordinary shares in the Company at
45.465p per share;
* A further payment of GBP150,000 will be made in August 2007 and a final
payment of GBP150,000 will be made in August 2008. Both deferred payments
will be effected by the issue of shares at the prevailing market price at
time of issue;
* Autosheen is the Company's fourth acquisition since December 2005 and
continues its multi-brand strategy of growing its residential services
offering;
* Myhome will now operate five premium residential services brands: Myhome
Clean; Nicenstripy, Surface Doctor; Ovenclean and Autosheen; and
* Autosheen has contracts to provide valeting solutions to some of the
UK's largest vehicle fleets, such as Royal Mail, HM Revenue & Customs and
Inchcape and has recently secured a contract providing its services to a
major insurance company, which is offering vehicle valeting to its 750,000
policy holders.
Autosheen is a leading car valeting service francise, with 15 operatives
currently in the UK. The car valeting provided involves a number of Autosheen
branded products and has been tested to bring out the best in paintwork,
leather, vinyl, glass and upholstery. The fully trained and insured operatives
use these specialist products to protect the interior, U.V. block to protect
the paint, use a number of deodorisers to give the vehicle a "showroom"
freshness, and have an eco-friendly waterless valet solution.
In addition to the franchisees' own marketing efforts, Autosheen has also
secured contracts to provide valeting solutions to some of the UK's largest
vehicle fleets. Its client portfolio includes ARVAL, Inchcape Fleet Solutions,
Velo Leasing, The Royal Mail and all Government Departments from HM Revenue &
Customs to the Department of Work and Pensions. Some of these clients have the
largest fleets of vehicles in Europe. Recently, Autosheen secured a
contract providing its services to a major insurance company, which is offering
vehicle valeting to its 750,000 policy holders.
Peter Butler, CEO of Autosheen, has over 30 years of experience in the motor
industry, having directly qualified in Automotive Refinishing with a five year
Apprenticeship. He has the benefit of having worked for several years with ICI
refinish Support Services across Europe, and was awarded a fellowship with the
Institute of Motor Industry in 2004.
The transaction comprises an initial consideration of GBP200,000, which has
been satisfied by the issue of 439,900 new ordinary shares in the Company at
45.465p per share. Subject to a number of conditions, a further payment of
GBP150,000 will be made in August 2007 and a final payment of GBP150,000 will
be made in August 2008. Both these deferred payments will be effected by the
issue of shares at the prevailing market price at time of issue. The total
number of shares in issue now stands at 34,626,269.
Russell O'Connell, CEO of Myhome International plc, said: "AUTOSHEEN IS THE
LATEST ADDITION TO OUR PORTFOLIO OF `BEST OF BREED' FRANCHISE OPERATIONS.
AUTOSHEEN HAS ALL THE ESSENTIAL INGREDIENTS TO BECOME A SIGNIFICANT CONTRIBUTOR
TO THE MYHOME GROUP: A STRONG, ESTABLISHED BRAND; A PRODUCT RANGE WITH RETAIL
POTENTIAL; NUMEROUS NATIONAL CONTRACTS; AND A CORE FRANCHISE NETWORK THAT WE
CAN EXPAND BOTH NATIONALLY AND INTERNATIONALLY. PETER BUTLER IS A CEO KEEN TO
MAXIMIZE THE BENEFITS THAT BEING PART OF MYHOME CAN BRING TO AUTOSHEEN, WHILST
HE HIMSELF CAN BRING HIS EXPERTISE TO THE WIDER GROUP. WE NOW LOOK FORWARD TO
OUR STEP UP TO AIM LATER THIS YEAR WITH FIVE STRONG BRANDS, A CLEAR GROWTH
STRATEGY AND SIGNIFICANT FINANCIAL SUPPORT. IT IS A VERY EXCITING TIME FOR US."
Peter Butler, CEO of Autosheen, noted: "I AM DELIGHTED TO BE JOINING THE MYHOME
GROUP OF FRANCHISE COMPANIES. THE COMBINATION OF THE AUTOSHEEN BRAND AND THE
PROVEN ABILITY OF THE MYHOME TEAM TO ACCELERATE FRANCHISE RECRUITMENT WILL
ENABLE US TO SERVICE MORE CUSTOMERS, PARTICULARLY THE NATIONAL CONTRACTS WHERE
WE NEED A LARGER NETWORK TO KEEP PACE WITH DEMAND."
The Directors of the Issuer accept responsibility for this announcement.