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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.

goldfinger - 27 Feb 2007 13:14 - 178 of 459

Yep. Early March.

Its on a post higher up.

Typical though isnt it. These have been on the march for the last two days and then as usual theres always a pillock or an event that comes along to halt it.

Frustration, frustration.

At least its given me a chance to get some serious research in this morning and I think ive found a corker.

Biscuit - 27 Feb 2007 13:25 - 179 of 459

Cheers GF

Paulo2 - 27 Feb 2007 15:20 - 180 of 459

GF, just let us know when you'll be starting the new thread please, mate. LOL

Paulo2 - 27 Feb 2007 15:20 - 181 of 459

GF, just let us know when you'll be starting the new thread please, mate. LOL

goldfinger - 27 Feb 2007 23:38 - 182 of 459

Dont know how to take that comment.?.

Always been honest so I cant understand the meaning of it ??????????????.

Paulo2 - 28 Feb 2007 00:14 - 183 of 459

It was meant as a compliment as u seem to pick a lot more winners than dogs!

LOL

goldfinger - 28 Feb 2007 00:38 - 184 of 459

Cheers Paulo, I do my best and spend hours and hours trying to get it right on research.

In fact i have worked it out at at least 20 hours per week involved in stock picking.

Sometimes it becomes very boring especially when you find nobodys immediatly interested. Strange biut these stocks seem to be the best eg. WNG, MYH, SID.

All started with nobody interested.

Ive got one hell of a cracker I belive sorted out this morning.

Ill send you a PM, and very very sorry for misunderstanding your post. My appoligies again, its been a very hard day.

cheers GF.

Paulo2 - 28 Feb 2007 02:41 - 185 of 459

GF, just set up the messaging thingy. I really would appreciate if u could drop us a line with the next BIG one. Had to sit on the sidelines with MYH and WNG as I'm fully commited elsewhere, although that should be changing in the next couple of weeks.

Cheers

Madelin - 28 Feb 2007 07:25 - 186 of 459

GF , may I reiterate Paulo2s comment. I became interested in certain shares usually because of chart action or some other reason and have often found your threads on them. I now take your threads seriously. (Dont let it go to your head) The following that it creates is useful to us all.

goldfinger - 28 Feb 2007 08:45 - 187 of 459

YUK, what an awfull day, mind when the dust settles there will be some fine opportunities.

Must turn a negative into a positive.

chad - 28 Feb 2007 09:17 - 188 of 459

Looks like another crap day today. Taking a right hammering again all-round.

mickeyskint - 28 Feb 2007 12:01 - 189 of 459

GF

One you should take a real look at is EMED. A good buy today with top management. Winnis got it in his SIPP and EK is also in. A 2 year play. Sorry for the hijack.

MS

goldfinger - 28 Feb 2007 12:10 - 190 of 459

Cheeers Mickey Ill have a look.

I see some shrewdies are hovering MYH up, including myself.

Time for a day off me thinks, cant do anything about these conditions in general.

PW Carnell - 28 Feb 2007 15:20 - 191 of 459

goldfinger aka hedgehunter aka treebark aka yellowconifer.This guy could seriously damage your wealth.

goldfinger - 28 Feb 2007 15:26 - 192 of 459

Plenty of buying going ahead on Plus.

PW Carnell - 28 Feb 2007 15:59 - 193 of 459

aka treesurgeon

goldfinger - 28 Feb 2007 16:25 - 194 of 459

Was watching for the late seller who usually turns up, but no sign yet.

jimmy b - 28 Feb 2007 21:18 - 195 of 459

I have been watching this since since you started the origional thread GF ,,when it was 40 something pence ,but was invested in others at the time ,,maybe this will be a good entry price after the last couple of days.

driver - 28 Feb 2007 21:22 - 196 of 459

jimmy b
Jim lad I got in at the top as you do, yes I agree get on board when these move they seem to go up sharpish.

jimmy b - 28 Feb 2007 21:30 - 197 of 459

Hi driver ,hows tricks ? ,your probably not in at the top ,these look good ,,as i said above goldfinger started a thread when they were half the price ,but i was invested elsewhere ,,,still iv'e had a good last few months with a couple so can't complain ,i think i'll join you all on this one.
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