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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.

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.

driver - 28 Feb 2007 21:42 - 198 of 459

jim
The other one you should have a look at is VML, off to bed up at 4.

goldfinger - 28 Feb 2007 22:59 - 199 of 459

Glad to have you on board Jimmy.

goldfinger - 01 Mar 2007 13:11 - 200 of 459

Just added a few more of these at 80.9

Able to buy within the spread today.

Broker upgrades imminent.

chad - 01 Mar 2007 13:44 - 201 of 459

me too, couldn't resist with the recent pull-back. Lets see these fly over the next few months.

goldfinger - 01 Mar 2007 22:57 - 202 of 459

Far more buys than sells today.

goldfinger - 02 Mar 2007 10:50 - 203 of 459

Back to winning ways.

I reckon if there hadnt been the market sell off we would be looking at these banging on the door of 100p per share by now, as buys have been well above sells over the last three or four days.

goldfinger - 02 Mar 2007 13:11 - 204 of 459

Buyers coming into the stock this lunchtime.

porky - 02 Mar 2007 13:48 - 205 of 459

Hi GF.
Finally finished with SOLA for a fair old profit, but this share is now looking rocky.
Been watching this share, and your research GF so bought myself a small stake yesterday for 80.16.
No modern households today care for doing their own housework, and with money to burn this company would appear to have the right solutions.
All the best.
Cheers.
P.S. you were a bit hard on SOLA GF.LOL.

porky - 02 Mar 2007 14:14 - 206 of 459

ADVFN showing no shares traded at all today?????????

silvermede - 02 Mar 2007 14:32 - 207 of 459

Porky, these shares also trade on Plus (Ofex).

porky - 02 Mar 2007 14:53 - 208 of 459

Ahhh silvermede I did not realize this, many thanks.

goldfinger - 02 Mar 2007 15:09 - 209 of 459

Welcome aboard Porky.

Fallen back 1/2p but Im hoping we get at least one Broker upgrade next week.

goldfinger - 05 Mar 2007 15:02 - 210 of 459

Had another bite at these today.

May prove to be premature but Im holding for the long term.

driver - 05 Mar 2007 15:07 - 211 of 459

gf
Well that's made me feel a bit better I'm down 10.9% on these and it's only been about ten days, also holding long term so it should come good in the end.

goldfinger - 05 Mar 2007 15:19 - 212 of 459

Fingers crossed driver, I know that one broker as pulled its new note because of the general market conditions.

Beginning to think we may get them a little later down the line.

driver - 05 Mar 2007 15:21 - 213 of 459

gf
Cheers.

driver - 05 Mar 2007 19:42 - 214 of 459

MYH gets another mention on todays show of trading places

http://www.stockmarket-channel.tv/default.asp?eid=85

The trading places link is in the header or Drivers Tips.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=9585#lastread
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