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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 - 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".

goldfinger - 25 Feb 2007 02:49 - 159 of 459

Cheers Biscuit.

Greyhound - 25 Feb 2007 13:28 - 160 of 459

Good to hear of the Inde comment, I suspect we can expect more short term rises.

goldfinger - 26 Feb 2007 01:19 - 161 of 459

I hear Winnie as given MYH a good plug in his weekly editorial this evening over on t1ps.com.

Any news for us Mickey Skint?.

AUGUSTMAN - 26 Feb 2007 10:32 - 162 of 459

A nice early rise - up a couple of pence this am

goldfinger - 26 Feb 2007 11:36 - 163 of 459

And even more now.

The volume is higher than Ive ever seen it before.

Mickey, you out there?, any details on Winnies editorial yesterday?.

goldfinger - 26 Feb 2007 11:46 - 164 of 459

Just ticked up again.......... NICE.

Iankn73 - 26 Feb 2007 11:50 - 165 of 459

Another few pennies on this superb rise and I'll have my third bagger this year (TAN & COH already)!

Rumour has it that the management team have signed an agreement with Worthington Nichols to cross sell air-con to homeowners. (I wish!!)

Adios chaps

AdieH - 26 Feb 2007 12:04 - 166 of 459

What are peoples thoughts and targets for this one, been on my radar since listing on AIM and pretty annoyed with myself for not getting in before... Appreciate any rational thoughts on possible sp target in six, twelve months...

goldfinger - 26 Feb 2007 12:42 - 167 of 459

Ian now that would be a nice thought re- wng.

Adie I refer you to this post from Tom Winnifrith...

Just found this on another B/Board giving the full winnie take on MYH...

I have sold my units and Domino's Pizza (DOM) at 664p realising a cash pot of 26.9 units. I have reinvested 8.2 units in MyHome International* (MYH) at 73.75p. Myhome is a client of our sister company Bishopsgate so I cannot write about it on tips but I like the stock and its management very much indeed. It is in many ways an earlier stage Domino's in that it is now delivering superb growth via franchising.
I reckon earnings could hit 15p within 2 years and on a half decent multiple that would see the stock doubling or trebling.ENDS.

I agree with him and am looking for imminent upbeat broker growth forecasts.

mickeyskint - 26 Feb 2007 12:50 - 168 of 459

GF

He's bought some for his SIPP and is taking them on to clean his business. He really rates them. It's a good read but because of copyright I can't post the whole thing. I don't want to piss Tom off as I find his site really good.

mickeyskint - 26 Feb 2007 13:01 - 169 of 459

EPS of c15p within 2 years. He's very comfortable.

MS

chad - 26 Feb 2007 13:26 - 170 of 459

When's the latest trading places show out?

goldfinger - 26 Feb 2007 13:47 - 171 of 459

I thought it was every morning at 11am chad.
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