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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.

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

goldfinger - 05 Mar 2007 23:37 - 215 of 459

Well done Driver.

goldfinger - 06 Mar 2007 11:54 - 216 of 459

Just turned positive, now come on higher, higher, higher.

soul traders - 06 Mar 2007 17:40 - 217 of 459

GF, are we expecting results sometime soon?

driver - 06 Mar 2007 17:54 - 218 of 459

soul
You fishing?

Iankn73 - 06 Mar 2007 17:59 - 219 of 459

I think soul traders, is wondering why gf is getting so excited in post 216! LOL

soul traders - 06 Mar 2007 19:24 - 220 of 459

Fishing for info. Like the look of the stock tho. Am not in yet but could be persuaded.

goldfinger - 06 Mar 2007 22:50 - 221 of 459

No results, just hoping for promised upgraded broker reports ST.

goldfinger - 07 Mar 2007 11:52 - 222 of 459

New Analyst report just out, 27 page document from Equity Development well worth a read.

http://www.equitydevelopment.co.uk/research/MyHome-International-plc/document/Now-established-on-AIM-with-further-scope-to-grow-/394

Click on the PDF symbol

If you cant access it sign up free.

Main detail..

Key points

The leading multi-brand
franchise operator
Successful step up to AIM
Significant new strategic
investors on board
Strong management team
further bolstered
100p/share achievable in
near term vs 77p current

goldfinger - 07 Mar 2007 13:33 - 223 of 459

From the report..

"With the distractions of the AIM listing now in the past, we would expect results
for the first half to be sufficiently indicative of the companys growth momentum
to justify a near-term price target of 100p".

When are the companys results for the first half?.

Must say Equity Development are being very conservative in their analysis, I wonder if the recent market sell off as swayed them a touch.

Will be interesting to see what the othe 2 main broker camps think.

goldfinger - 07 Mar 2007 13:35 - 224 of 459

Again from the report..

STRATEGY

Myhomes strategy is for growth through building a multi-branded multi-franchise
group.
Myhome has demonstrated its appetite for suitable acquisitions, and more can be
expected in the future. We expect Myhome to build up to about 10 brands,
comprising business to business (B2B) and business to consumer (B2C) brands.
Following the acquisition of Autosheen, logical target acquisitions would include:
Carpet cleaning
Plumbing
Security
Painting and decorating
Electrical services
Window Cleaning.
Carpet cleaning, for example, would tie-in strongly with the Myhome Clean
franchise, with excellent cross-selling opportunities.
Similarly, a home security operation could be purchased and a Myhome system
and infrastructure added, leading to another major opportunity for cross-selling.
The move into the new office building (see page 12) will help significantly to
implement centralisation of the businesses, which are currently based in five
different premises, and the funds now available will allow more marketing and
support for the franchises.
Myhomes strategy is thus for growth through building a multi-branded multifranchise
group.

goldfinger - 07 Mar 2007 13:49 - 225 of 459

At last and its taken some finding when the year half results are due, from last year..

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.ENDS.

So in effect today Equity Development see an increase in SP to 100p by the end of March.

Thatl do me fine.

mitzy - 07 Mar 2007 14:59 - 226 of 459

off topic..

gf;
If your interested take a look at Rift oil has ben going up very well on a daily basis and has recovered from 3p to nearly 8p at present.. I hold.

goldfinger - 07 Mar 2007 15:04 - 227 of 459

Will do Mitzy, cheers mate. Missing a oily in my present Portfolio.
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