Listed on the AIM market on Friday the 29th of December.

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.



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.

Race week is a nightmare if you live there , I dont need it.

Don't want to spoil the party but if there's ever an economic downturn, surely MYH would be among the first stocks in the firing line. Someone to do your chores for you? Nice 'n' stripy lawnmowing? At-home valet car cleaning? If a home-owner's budget ever became stretched, the I fear the "luxuries" MYH offers would be the first things to go. Great idea in a benign economic climate... let's hope it stays that way.

The customers tend to be very affluent.

I dont think a downturn in the economy would affect the company greatly.

If ever there is a down turn in the economy does that mean the grass will stop growing or the cars will stay clean. I think not. If you can afford to have someone come in and cut your grass the economy won't make any difference to you. Am I repeating what GF has just posted? Oh well great minds and all that.
GF I did'nt know you were a racing man. Good luck at Cheltenham.

Yes, grass will always grow and cars will always need washing but those who can currently afford not get their hands dirty will still be hit by an economic downturn and may have to adjust their outgoings accordingly. I doubt MYH is dealing solely with millionaires. My point is that in less ideal conditions there are bound to be fewer people who can afford such services - and therefore profits (and margins) will be hit. Or are you saying MYH is immune to economic downturn. In which case it may well be the "perfect share".

When is the ecnomic down turn going to happen? In 2/3 years time, who knows, longer perhaps. But untill it happens ride the increase in share value and if things go tits up sell at a profit. If Wray feels comfortable investing a few million I don't have a problem with my couple of grand.
Worry about tomorrow if and when it arrives.

LOL
MS

Just as I thought.

What do you mean by that?

MS

MS, I mean that this looks like one of those classic "fair weather" firms we've probably all been bitten by at one time or another. And your argument - worry about it when it happens - isn't exactly a ringing endorsement. Not, I hasten to add, that you or GF are under any obligation to "sell" MYH to me! Maybe after the events of the past fortnight I'm just feeling more defensive-minded at the mo. But WDIK?!

I would be more inclined to say that if the economy goes tits-up then we'll all be working even longer hours to make ends meet and I'd be making damn sure my cleaner is working harder too! But understand your thinking.

We've all got burnt in the last couple of weeks paul. I really don't think this is one of those "fair weather" firms as Wray is a serious player. But you just don't know.
I feel very confident that the share price in a couple of years time will be well above what it is now and the company does have good management. I have two criteria before I'll even thinking about investing, good management and are the directors substantial shareholders. In both cases the boxes are ticked. I did some research and felt this is a good investment, but I must admit Nigel Wray and co taking such a big stake was the final reason for me to invest. But I take your point, you can't be certain. Have a good week-end.

MS

paulj
I take your point on the down turn this did occur to me when I bought in, but as it has been said I think MYH will be shielded to some extent with what they do and also the future acquisitions that is expected of the company all this new stuff will still have to be down, most of it people can't do so they will pay for it.

􀁺 Carpet cleaning
􀁺 Plumbing
􀁺 Security
􀁺 Painting and decorating
􀁺 Electrical services
􀁺 Window Cleaning.

I think Paul also misses the fact that if the economy goes tits up every company and every investor will be affected.

Do you then stick with MYH or do you go gropping for another????.

Pissing in the wind so to speak.

He as a good point but so does everyone posting on this subject on any one thread..........

Mickey I just love Chelters.

Black Jack Ketchum if the ground is right.

Heres one for you gf..

http://money.independent.co.uk/personal_finance/invest_save/article2364708.ece

Cant seem to get the article Mitzy.

Anything special?

cheers GF.

It was by Derek Pain gf confirming he has decided to hold the shares for a while longer now that Nigel Wray has increased his holding during the last placing...usually Derek is a clever investor..

Off topic Nigel Wray also holds Rift oil. cheers,

mitzy
Reposted for you.

I have decided to stick with Myhome, following an intriguing piece of research on the company.

Equity Development suggests pre-tax profits in the 12 months to the end of September should nudge 1.9m, against 734,000 last time. For next year a figure approaching 4m is predicted. The shares are, therefore, selling at 25.5 times this year's projected earnings and 12.5 times next. Quite a high rating but one, I feel, that does not fully reflect the explosive growth Myhome is expected to generate. Equity's analyst Andy Edmond reckons the shares should hit 100p.

http://money.independent.co.uk/personal_finance/invest_save/article2364708.ece

Cheers Mitzy, Driver.

Those figures as Ive posted before are very conservative to say the least.

Expect a lot more.

OK the effects of dilution by Wray and his side kicks will be felt, but unfortunatelly ED analysts are being very skinny on the other side, ie, the effects of proposed bolt ons etc, with the cash pile..

If you read the ED note again its been left wide open for upgrades and they will come.

In fact new analyst report due any time now, keep your eyes open here.

RSI looking well for future buyers...