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.

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...

Could be a good time to buy,

Independant newspaper singing its praises this weekend and looks like a new analyst tip any day now plus TA (RSI) going its way.

New analyst note out this morning.

Growth Equities And Company Research report..

Myhome International

Key Data
Myhome International

EPIC
MYH

Share Price
77p

Spread
75p 79p

Shares issued
46,240,853 million shares

Market Cap.
35.6 million pounds

12 month range
64.5p 84.5p

Market
AIM

Website
www.myhomeplc.com

Sector
Support Services

Contact
Jonathan Jenkins
0845 066 8866



Myhome is a multi-branded franchise operator, specialising in the provision of premium residential services, with a franchisee network of just over 300 outlets. Myhome currently provides key residential services: cleaning, garden maintenance, kitchen/bathroom maintenance, resurfacing specialist, oven cleaning and car valeting. These services are provided through the groups Myhome Clean, Nicenstripy, Surface Doctor, Oven Clean and Autosheen brands respectively. Myhome also operates franchise education seminars via the Franchise Alliance subsidiary.

The business originated out of an amalgamation of the Chores group combined with a subsidiary of the Unilever group. The resulting group launched Myhome Clean in 2003 with the Nicenstripy business being acquired between December 2005 and April 2006 and the rest of the business being assembled around this time as well.

The recently published financial results for the twelve months to September 30 2006 were outstanding, with profit before tax up 329% at 733,787 pounds compared to 171,043 pounds for the previous period. Although the earnings line was static at 1., this was due to timing differences for the sale of the Australian Master Licence and would have resulted in an earnings figure of 3p per share, had it been included in the reporting period. Network turnover increased by 400% to 13 million pounds compared with 3.2 million pounds in the previous year.

With the present growth trends in place, the business model for Myhome International is expected to grow on a steep and rising curve with likely earnings growth doubling each year over the next two years. Should that be achieved by the groups overall strategy, even at 80p, the PE multiple drops rapidly.

Both Tom Winnifrith and Master Investor Keynote speaker Nigel Wray own these shares. Find out why at www.t1ps.com

Year to 30th September
Sales
(Million pounds)
Pre-tax Profits (Million pounds)
Earnings per share (p)

2006A
2.6
0.737
1.77

2007E
4.6
1.865
3.01

2008E
7.5
3.97
6.01

A small tick up to greet the new forecasts above.

Great numbers - good falling PE from 44, to 26 to 13, and falling PEG from 0.37 to 0.13, operating margin growing from 28% to 40% to 53%, ROCE rising from 3% to 7% to 15%. Clear market advantage - first mover and marlet share. Energetic management who have proved good so far.

Are we vulnerable to this being in the area of discretionary consumer spending? Not really in the salary bracket we are talking about are we - more like essential, just a question of which service. Besides fleet cars have to be valeted whateverthe economy is doing.

Must buy some more during this lull in the market!

You seem very upbeat SD.

Yep just look at those operating margins.

I quite agree, in the coming weeks/months we should see a re-rating here and a move into higher territory. Still very early days.