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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.

Iankn73 - 16 May 2007 15:33 - 332 of 459

I'm with you sivermede in long term also. I thought the results were excellent especially interesting were the master franchises in Australia and Ireland which reports continued in-line performance. The UK is a huge market but... its comforting to know that the franchise is developing overseas for even further expansion.

I'm surprised that they havent set-up a dog walking franchise as they seem to have everything else sewn up for home owners. lol

Here's hoping their maiden AIM results will now push the price upwards and place MYH in the radar of more investors.

Good luck all holders!

Iankn73 - 16 May 2007 15:39 - 333 of 459

I didnt expect the market to respond to this extent. Not that I'm complaining. This looks like a new high 85p.

My SIPP has just received a nice boost with this one.

luvely jubbly!!

stockdog - 16 May 2007 23:31 - 334 of 459

I hear Russell is investigating a Stock Picking service for all you cash-rich time-poor peeps out there - MyStock. This is one stock I picked for myself and am not letting go for 2-3 years.

Good results and nice to get Monisha's positive views (however driven)

Iankn73 - 17 May 2007 00:20 - 335 of 459

Nice one stockdog!

goldfinger - 17 May 2007 10:05 - 336 of 459

And its getting stronger, up 2p now.

silvermede - 17 May 2007 13:53 - 337 of 459

Iankn73, never work with animals & children!

goldfinger - 18 May 2007 11:29 - 338 of 459

Im expecting a couple of new broker reports at any time here.

goldfinger - 18 May 2007 11:39 - 339 of 459

Heres one already...

http://www.equitydevelopment.co.uk/downloader/414

goldfinger - 18 May 2007 11:45 - 340 of 459

For the TA bufffs heres Zak Mirs take on the company....

"I have to say that there is not a lot I know about the fundamentals of residential homes services provider MyHome, apart from the fact that its H1 results on Wednesday were apparently very good indeed. Good enough to trigger a very chunky rise in the share price and good enough to alter the technicals of the daily chart in a very positive way as well. This can be seen from the way there has been a break through the April resistance area of 82p, something which implies that above this zone would could be treated to an eventual target as high as the late January resistance line projection at 130p plus. Any dips towards the 80p mark to unwind the overbought RSI are buying opportunities, with only an end of day close below the April support line at 79p delaying the upside scenario"

chad - 21 May 2007 11:15 - 341 of 459

Think the tip from T1ps is behind the big rise today. Tom has a buy recommendation and an 18 month price target of 180p.

Iankn73 - 21 May 2007 11:23 - 342 of 459

Just woke up with an almighty hangover and I feel better already!!

goldfinger - 21 May 2007 12:05 - 343 of 459

I thought Winnie would tip it at sometime. Didnt realise his site carried so much womp though.

Cracking rise so far.

Now a ten and a half bagger for me.............. NICE.

chad - 21 May 2007 12:12 - 344 of 459

How did you dig this one up so long ago GF? U must be well-pleased with this one, as it looks like there's plenty more to come too.

Iankn73 - 21 May 2007 12:14 - 345 of 459

Crickey I though I was doing well with a 128% paper profit! plenty still to come on this one. And well bloody done gf!! On average gf how long do you tend to keep your stocks for?

Thanks,

Ian

goldfinger - 21 May 2007 12:47 - 346 of 459

Got it at 8p on the old ofex market about 2 years ago.

Usually hold them between 2 and 5 years, but also do some short term trades.

Could be amother Domminos or even a lot bigger.

goldfinger - 22 May 2007 00:32 - 347 of 459

Lost a few percentage points going on through the day but that was expected after the initial rise this morning.

Watch out thursday and friday for more gains.............. NICE.

chad - 22 May 2007 10:29 - 348 of 459

Another rally again today; looks like the market has really woken up to this one.

goldfinger - 22 May 2007 11:16 - 349 of 459

Yes things looking very positive.

mitzy - 27 May 2007 12:51 - 350 of 459

Gf :

Derek Pain has a write up in the Independent....positive for further gains.

goldfinger - 28 May 2007 23:06 - 351 of 459

Cheers Mitzy Ill try and get a copy.
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