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.

I think that the recent sale of ServiceMaster in the US was aprox 4.5 Billion$. Given the difference in sizes of the economies a market cap of 100M for Myhome seems plausible. I had similar concerns but cross selling , aquisitions , higher value services... I have a some faith in that the major shareholders here will help me to fund my old age. But you are correct confidant to be wary and an alternative view is always a good reminder that shares do go down.

Hopefully the figures I've put forward are all wrong -- I was looking to buy these but decided against but have no interest in them

I will point out though the point you make, Madelin, regarding Servicemaster

From what I've got from the internet these guys make most of sales in gardening stuff, then pest control and "only" sales of around $560m in home maintenance

That's 280m in an economy say 6x bigger (guess) . So divide 280m by 6 gives us target turnover of c45m. That's not too bad but is likely to be some way off for MYH --- Servicemaster was taken out at 1.5x ev/sales so assuming MYH gets to same mkt share in UK as SMaster in US then could say cleaning business could be worth say 65m mkt cap. That's a big IF though, also we should ask WHEN too. Current market cap is more than half this 65m already. Note also SM does contract work I think

The big one for ServiceMaster seems to be gardens but given all the differences betw' US and UK the size of the market here in the Uk will be many times smaller. What's the average garden size here vs in US? How quick does the grass grow vs grass in California? etc

Overall on this quick summary then there could be a big enough market out there for MYH but how long will it take them to get there?

Also could mean nice'n'stripy might be better than had thought as not looked at that at all.

So overall I'm coming round a bit more to the stock but will probably wait for a market set back, also upside is not 10, more 150p if things go very well.

Plus one point re economic sensitivity. Goldfinger, correct me if I'm wrong, you think MYH is not sensitive to economy. I think it's hugely sensitive to the economy. Alot of work will be done for dual income families. If one of the 2 loses their job what will be the first to go ........ the cleaner OR the gardener ? And second ?

Well if we take that analogy confidant we might aswell look at every business in Britain with a thumbs down. (glad to see you interested in the stock)

This was taken from a Franchise magazine...

The business sounds almost too good to be true. But Russell assured me that customers are prepared to hand over a set of keys, and they give their credit card details in advance enabling My Home to simply deduct its fee. What is more, these wealthy and house proud customers are the sort " to tidy up before we arrive".

Nigel Wray (major share holder) said at Master Investor 2007 that he was looking at a SP of 150p in 1 to 2 years. He is a significant shareholder.

Thanks for that, Silver. Shares Mag pointed out some while back that Wray's is an act often worth following.

Thumbs up then.

:o)

Well we have a nudge up.

A short but sweet trading update this morning!

Indeed! Nice period of consolidation with a floor at 77.5p building a useful base from which to mount the next assualt on higher ground.

And should start to hit a few radars soon all being well.

Does that mean we're to expect the half year results out, on or before 23rd April? That would be fast!

RNS in full...

Myhome International PLC
30 March 2007



Myhome International ('Myhome' or the 'Company')



Pre-close trading update and posting of report and accounts



The Board of Myhome, one of the UK's leading franchisers of residential
services, announces that ahead of the end of the six months to 31 March 2007 the
Company's trading for this period has been in the line with its expectations.
During this period the Company successfully moved from Plus Markets to AIM and
raised 4 million from Nigel Wray, Stephen Hemsley and certain other
individuals. The Board continue to view the future prospects for the Company
with confidence.



In addition, the Company has today posted its report and accounts for the year
ended 30 September 2006 to its shareholders. Included in these report and
accounts is a notice convening an annual general meeting ('AGM') of the Company
to be held at 11:00 a.m. on 23 April 2007. The AGM of the Company will be held
at the offices of Noble & Company Limited, 120 Old Broad Street, London EC2N
1AR.



Copies of the report and accounts will be available for a period of one month
from the date of this announcement, free of charge, from the Company's offices
at 119 Richmond Road, Kingston, Surrey, KT2 5BX.



ENQUIRIES:



Myhome International Plc 020 8404 6479

Hello chaps,

Been working in Canada so have been fairly quiet on the board over the last few weeks, but got a phone call this afternoon from my bank colleague who I have discussed (at length!) MYH with. He rang to tell me about a programme that was on tv at the time called 'get your life in order' evidently it was produced by the team behind the money programme and featured MYH in some detail - did anyone see it???? - if so any comments. I have just been on the web here and pulled off this

Get Your Life in Order!

Fri 30 Mar, 7:00 pm - 7:30 pm 30mins

Website: http://www.bbc.co.uk/moneyprogramme

Servants are no longer the privilege of the super rich. As we all become busier, The Money Programme's Libby Potter investigates the boom in businesses that aim to take the strain. For many of us it's no longer simply a case of having somebody in to help with the cleaning, now there are companies that offer to organise every aspect of your private life from getting a plumber to finding somewhere to live.

Major companies like Cadburys and Microsoft are now offering their staff lifestyle managers as part of their employment packages. And at the top end there's the millionaire's version that panders to your every whim at any time all over the world. So is it worth it? Can you really get your life in order? [S]

Sounds very interesting - pity I missed it.

Will dig a bit more, but interested in any ones comments - this could give us a little nudge up on monday if shown in a positive light.

Howdy to all

Augustman

Just found this about the prog....looks like good promotion for MYH

BBC NEWS
Get your life in order
By Ben Limberg
BBC Money Programme

Long working hours. Tiring commutes. Cheap migrant labour. More mothers returning to work.

All these have led to a society where many of us are too tired - or too lazy - to do the cleaning.

A society of cash-rich but time poor workers has fuelled the rising demand for domestic help within the home, and is the reason behind the rise of lifestyle management companies that not only cater for the high-flying executives and millionaires among us but also for the "ordinary" people.

This social trend of outsourcing our private lives to "domestic professionals" has created an industry estimated to be worth 4bn a year.

Outsourcing

Lawyers Richard Perris and Tanya Biegler are among those who realised their hectic work schedules left them little time for socialising.

So spending their few remaining hours at the weekend cleaning their flat in North London was the last thing they wanted to do.

After they had tried various local cleaners with little success, they decided to pay a little extra and call Myhome, a professional cleaning company.

Lifestyle managers require a degree of personalisation not present in many of today's service offerings

Myhome, a franchise cleaning business, is typical of the new companies that have sprung up hoping to capitalise on the growing demand for home help.

One franchisee is Niall Power, who gave up a job in the City to buy the North London operation. He employs many staff from the new member states of the EU from Eastern Europe and has seen his business grow rapidly.

Guilty conscience?

The surge in demand for cleaning services is holding up a mirror to some rather unusual trends in British society.

For one thing, it appears that - for Myhome at least - Monday is the busiest day of the week. Its chief executive, Russell O'Connell, believes that is down to demand from couples who have had a domestic squabble over the weekend - and have resolved to do something about it.

For another, we are no longer a society which is entirely comfortable with the idea of help around the home. A survey done in 2006 for Gumtree.com - a website for local community adverts - suggested that almost one in four people felt guilty about employing someone to do their dirty work.

Still, the same website has seen a growth of 265% in people advertising for domestic staff. The other 76% clearly have no such hang-ups.

Lifestyle management

And it's not just cleaning: time-consuming tasks such as walking the dog or de-cluttering the garage seem to be too much like hard work for many of us as well.

As a result, lifestyle management is becoming something for ordinary people, not just high-flying executives and pampered celebrities.

TenUK is the largest lifestyle management company within the UK. With 5,000 private clients who pay at least 100 a month, as well as some 75,000 corporate clients, its anticipated turnover for this year is 10m.

Major employers such as Microsoft and Cadbury Schweppes are now including lifestyle management services as part of their benefits packages for some staff.

Specialist services

Even if lifestyle management has gone mainstream, though, there are still companies whose services are tailored solely to the more archetypal client: that is, the very well-heeled.

One such is Quintessentially, which says that if it can't do it, nobody can.

Previous successfully-completed requests from members include organising six albino deer for a wedding, and organising Egypt's top historian to open up a pyramid for a private viewing.

But service like that comes at price: 24,000 a year.

The Money Programme: Get your Life in Order, Friday 30 March at 1900 on BBC Two.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/6507127.stm

Published: 2007/03/29 18:12:08 GMT

BBC MMVII

Excelent post AM wish Id seen it earlier.

Agreed; thanks Augustman.

And I still say, if I had a family and was cash-rich but time-poor the first thing I think of doing would be to outsource the cleaning.

AUGUSTMAN
Yes a good find cheers.

Augustman, thanks for the post - looks like a bit of good free publicity.

Are we to expect the interim results before 23rd April and the AGM, does anyone know? Would seem a bit soon, although the interims were released on May 23rd last year.