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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.

goldfinger - 01 Jul 2007 12:23 - 356 of 459

New Broker note....

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

goldfinger - 02 Jul 2007 10:33 - 357 of 459

Winnie says Derek pain in the Independant gave this one a good write up this weekend.

stockdog - 02 Jul 2007 12:07 - 358 of 459

What date is that note, GF? It refers to SP of 75p and fair value if 100p. Not exactly up with events.

goldfinger - 02 Jul 2007 13:36 - 359 of 459

17th of May SD, so yep should have said recent missed Broker note. Been busy setting up a new PC and software for the last couple of weeks
That lot are a conservative bunch anyway.

Anyway heres what Winnie as had to say, now hes bought the B/B hes posting there...

I am biased (I own the shares) but having visited the company recently am very happy. Suspect current forecasts discount neither:

a) cross selling - that is now starting at the revamped MYH HQ and early trials suggest huge potential

b) further acquisitions. To date MYH has a good record in this regard.

So risks to estimates are IMHO on the upside.

I do wish management would be a bit firmer on price with placings but that is my only caveat


Tom Winnifrith


goldfinger - 02 Jul 2007 13:39 - 360 of 459

Maybe we will get a new note sometime.

goldfinger - 03 Jul 2007 12:57 - 361 of 459

MYH is on Winnies Tv today.

Iankn73 - 09 Jul 2007 08:09 - 362 of 459

Myhome International buys Ferrum UK
MoneyAM
Franchised residential cleaning company Myhome International PLC said it has acquired Ferrum UK Group Ltd and its subsidiaries for up to 4.8 mln stg.

The company said it will work with Ferrum to accelerate the franchise roll-out programme providing a complementary service to Myhome's other premium residential services brands.

Ferrum operates an ironing, dry cleaning and laundry franchise business, currently branded 'Increase-Decrease'.

David10B - 09 Jul 2007 09:30 - 363 of 459

GREAT MARKET ITS ENDLESS AS WE GET MORE LIESURE TIME AND DISPOSBALE INCOME---THE DAILY CHORES BECOME SO BORING MOST PEOPLE WOUL DRATHER BE OUT AND ABOUT------
Date : 09/07/2007 @ 07:00
Source : UK Regulatory (RNS and others)
Stock : Myhome International (MYH)
Quote : 102.0 2.0 (2.00%) @ 08:03
<< Back Quote Chart Trades Level2

Free Myhome International Annual Company Report

goldfinger - 09 Jul 2007 10:26 - 364 of 459

We should soon get analysts upgrades.

Will be interesting to see just how muchEPS forecasts are raised.

Good deal in my eyes.

goldfinger - 11 Jul 2007 17:20 - 365 of 459

Zak Mirs TA take...

For what it is worth as well, my technical target on Myhome is 120p = a January resistance line projection going forward 3 months. Only below the 50 day moving average at 95p even begins to hurt such a scenario.

David10B - 11 Jul 2007 17:37 - 366 of 459

great company great buy at these prices.

goldfinger - 12 Jul 2007 08:09 - 367 of 459

Barclays becomes a major shareholder.......

Myhome International PLC
12 July 2007

For immediate release
12 July 2007



Myhome International plc

('Myhome' or the 'Company')







Major interest in shares



The Board of Myhome announces that, pursuant to Chapter 5 of the Financial
Services Authority's Disclosure and Transparency Rules, they received formal
notification on 11 July 2007 that following the acquisition of 1,850,341
ordinary shares Barclays plc had an indirect interest in 2,520,341 ordinary
shares in the Company as at 5 July 2007. This represents 4.99% of the current
voting rights of the Company.



The ordinary shares referred to above are the ordinary shares of 5 pence each in
the Company.







Myhome International plc
01372 471 573

Russell O'Connell

Jonathan Jenkins



goldfinger - 12 Jul 2007 21:21 - 368 of 459

GCI comment this evening...

Barclays takes Myhome stake
Companies: MYH
12/07/2007
Residential service franchiser Myhome International says divisions of banking giant Barclays have emerged with a 4.99 per cent stake.

Barclays Stockbrokers and Gerrard Investment Managers between them hold the stake in AIM-quoted Myhome, which recently lifted interim profits nearly 170 per cent to 748,000. Last month, acquisitive Myhome, steered by Russell OConnell, bought the Stainbusters network for up to 415,000, having raised 3.57 million at 85p to buy companies in the domestic services market.

Back in December, serial investors Nigel Wray and Stephen Hemsley put 4 million of new money into Kingston-Upon-Thames-based Myhome at 40p, with warrants for another 3 million at the same price. Today, the shares, highlighted by Growth Company Investor last year at 37.25p, are 0.5p up at 99p, valuing the company at 50 million.

Hold on.

David10B - 12 Jul 2007 22:56 - 369 of 459

Great company a lot more to come.

As goldfinger says--hang on

goldfinger - 13 Jul 2007 01:19 - 370 of 459

David, I didnt say that GCI did.

goldfinger - 25 Jul 2007 11:48 - 371 of 459

Clipped the top over the last 7 days or so and reduced my holding by circa 20%.

No problems that I see just prudent portfolio management.

If we get analyst upgrades and I was expecting them after the last acquisition, that 20% could easily regenerate itself within my holding.

goldfinger - 31 Jul 2007 02:43 - 372 of 459

Myhome International PLC
30 July 2007


30 JULY 2007

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


RECORD 20 BILLION A YEAR SPENT BY HOMEOWNERS
Myhome cleans up as growing number of household chores outsourced


Research released this week highlights that Britain's growing cash rich, time
poor demographic are increasingly turning to third parties for domestic help for
household chores. This is a clear endorsement of the strategy of Myhome, one of
the UK's leading providers of franchised service operations.

Research from www.gumtree.com says UK consumers are spending 20 billion a year
on domestic help for household chores rather than facing it themselves. The
research adds that almost one in two (48%) people now employ an average of three
outside helpers.

The findings, released as part of Gumtree's annual 'Domestic Staff Index'
revealed that almost a fifth more households are now hiring outside help than
last year.

The three most popular domestic staff positions are window cleaners, gardeners
and house cleaners - all services that Myhome provides as part of its growing
multi-product multi-branded franchise offering. Myhome also provides
kitchen/bathroom resurfacing, specialist oven cleaning, ironing, dry cleaning
and laundry, and fabric cleaning as well as car valeting services.

Russell O'Connell, Executive Chairman of Myhome International plc, said: 'This
research just goes to show that, even in an environment of higher interest rates
and wider economic uncertainty, that the target market for the Company's
services is expanding. Myhome looks forward to further growing the number of
franchises and offerings available with the focus remaining firmly on providing
a complete portfolio of premium residential franchised services.'



For further information please contact:



Myhome International plc 01372 471 573
Russell O'Connell
Simon McNeill Ritchie
Jonathan Jenkins

goldfinger - 01 Aug 2007 23:05 - 373 of 459

This is the biggy Ive been waiting for. Plumbing should increase margins and boost volumes, cross selling opportunities.....

Myhome International acquires plumbing, drainage franchise co DSH Services
AFX


LONDON (Thomson Financial) - Myhome International PLC said it has acquired DSH Services Ltd, a plumbing and drainage franchise business and said it will pay up to 5.65 mln stg in cash and deferred share payments for the buy subject to performance criteria.

The provider of franchised operations in the UK said it will pay an initial of 200,000 stg and that the deferred consideration will be split into three tranches over three years.





TFN.newsdesk@thomson.com

ukn/ejp

goldfinger - 03 Aug 2007 11:06 - 374 of 459

A BUY recommendation from tipsters GCI..

Myhome International - BUY
Companies: MYH
03/08/2007

Deal hungry domestic chores franchise Myhome, guided by energetic chairman Russell OConnell and with ambitions to become the AA of the home, has completed its third acquisition in a matter of weeks.

For up to 5.65m, the group has acquired DSH, which runs 24-hour emergency and regular maintenance plumbing and drainage operations through a network of subcontractors and has just launched franchise recruitment drive Plumbxpress in order to build a premium national plumbing and drainage network.

Significantly, DSH is also plotting the launch of an electrical franchise operation within the next 18 months. Myhome plans to accelerate these programmes (the group is an expert in franchise recruitment, systems and customer service). Following this deal, the company operates nine brands ranging from house cleaning to oven, car and window cleaning as well as gardening, all of which can be cross sold into a growing database of cash-rich, time-poor consumers. This burgeoning demographic is increasingly outsourcing domestic chores and spends 20bn in the UK alone on such services.

We have 410 franchises in total now and were operating in a huge market, says OConnell, adding that were barely scratching the surface in the UK and our growth prospects are colossal. He sees opportunities to introduce extra services such as insurance, finance and security to customers through alliances. Myhome moved from PLUS to AIM in December alongside a 4m funding led by Nigel Wray and Dominos Pizza chief executive Stephen Hemsley.

Earlier this year, OConnell announced a 166% surge in PBT to over 742,000 for the half to March on network turnover driven 440% higher at 17m. Given its emphatic growth rates and prospects, the shares more than merit their premium rating and further upside looks assured.

James Crux
Market cap: 50m
PE Forecast: 33
Share price: 99p


NB, that P/E multiple is obviously being upgraded due to bolt ons.

goldfinger - 07 Aug 2007 10:02 - 375 of 459

Telegraph article from a couple of days ago...


http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/05/ccreal105.xml


Myhome International provides domestic services such as oven cleaning and lawn mowing to the time-poor and money-rich.

Jonathan Jenkins, the chief operating officer, looks tired, as if he has spent the whole night spring cleaning and tidying up. He has, but it relates to the documents for the group's third acquisition in six weeks, which has just been announced.

"That's it for a bit now," he says. "It is all about bedding down the companies we have and delivering on what we have promised." His comments may be the stock market equivalent of taking one match at a time, but there is nothing banal about the underlying businesses.

Myhome began life as a bright spark's idea at Unilever in the late 1990s. The Anglo-Dutch giant invested 6.5m with a vision to develop new avenues to promote its brands, such as a residential cleaning service.

But Unilever wrote off the money in 2001 when it sold part of the business - following a strategic U-turn - to Chores Group for 300,000 and some shares.

Russell O'Connor was the opportunistic entrepreneur who had launched Chores in 1999. He floated the company on Ofex in 2002 and the focus has shifted to running a franchise operation across Britain. Today the business is on Aim and has 410 franchisees, split across nine businesses.

These include Stainbusters, Ovenclean and Nicenstripy to cut lawns. The average cost of becoming a Myhome franchisee is 25,000 plus a 10pc tax on your revenue thereafter. The economics are excellent. Myhome is forecasting revenues of 4.65m and pre-tax profits of 1.86m in the year to September 2007.

The numbers are expected to rise to 8m and 4m in 2008, justifying the current share price, 99p, which values the business at 50 m. "It depends whether you look at today's numbers or next year's to decide if we are expensive or cheap," says Jenkins, before telling his PR man and me that he curses the day he sold his first tranche of shares at 25p. Do not shed too many tears for Jenkins - he bought them at 5p.

Myhome's growth prospects remain huge. "The potential number of UK franchise territories across all the businesses is 2,100," says Jenkins. "We want to become the AA of the home and the people who are called for every possible domestic chore."

The "Domestic Staff Index" from Gumtree, the online jobs board, came out last week and valued the British market for household chores at 20bn per year. It said one in two people employ an average of three outside helpers.

If Myhome International is to succeed in realising its potential and become the AA of the home, it needs to start consolidating its own brands and develop Myhome as a single point of contact for potential customers

Brent Hoberman, an icon of the dotcom world as the co-founder of Lastminute.com, approached Myhome about buying its domain name for a new business venture.

Myhome said no but struck up a rapport with Hoberman, gaining access to his contacts book to find the online experts who will help turn its existing website - rather a sprawling and flat experience - into one that acts as a conduit for all the different services under the Myhome brand.

As long as management stay focused, Myhome should develop into a 100m business. This will please serial small-cap investors Nigel Wray and Stephen Hemsley, the franchise guru, who built up Domino's Pizza in Britain, who own more than 20pc of the company between them.

When Myhome reaches the 100m valuation it may become a tidy acquisition opportunity for a major company looking to diversify. Maybe Unilever, maybe not, but you get the idea.

Richard Rivlin is managing director of Bladonmore
www.bladonmore.com

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