Worth doing a bit of research on this one. Growing like crazy and is still relatively cheap with a forward P/E of around 13 to the results this year and only 7 for next year.

Plenty of news flow to come and is moving up to the Aim market later this year.

Myhome is an international multi-product franchising company providing home
services such as residential cleaning, lawn care and kitchen and bathroom
resurfacing services. Originally developed by Unilever, the Company was
admitted to Ofex in January 2002. The following year the Company launched its
franchise programme and has identified as many as 300 potential franchise
territories within the UK. Myhome is a member of the British Franchise
Association.

The acquisition from Unilever provided the Company with extensive training
systems, bespoke scheduling and billing software and valuable marketing
materials. In addition it acquired Unilever's unique Tri-Colour Cleaning
system, an efficient home cleaning methodology that was the result of extensive
time-and-motion studies.

Nicenstripy is a South East-based franchise providing residential gardening
services throughout the year. Founded in 1996 Nicenstripy currently has 40
franchisees. Myhome acquired Nicenstripy in two tranches in December 2005 and
April 2006.

Surface Doctor provides a cost effective way to repair and refurbish kitchen
and bathroom surfaces as an alternative to the expense and disruption of
replacement. The system uses a proprietary bonding agent to restore and re-
colour kitchen cabinets, worktops, baths, sinks, tiles, and other surfaces.
Surface Doctor was acquired in February 2006.

Like Myhome, Nicenstripy and Surface Doctor are also associate members of the
British Franchise Association.

Ovenclean is a residential oven cleaning business with 167 franchisees. It
operates both in the UK and internationally. The Board believes that Ovenclean
will immediately benefit from the IT systems, group marketing efforts, and
cross-selling potential of Myhome.

Ovenclean has a database which exceeds 20,000 homes and presents a strong
opportunity to enhance customer spend with other Myhome service offerings. The
Ovenclean franchising business operates on a fixed management fee structure,
which guarantees income growth, irrespective of the underlying franchisees
performance.

www.myhomeplc.com
www.nicenstripy.com
www.surfacedoctor.com
www.ovenclean.com

DYOR.

Cheers GF.

Research from Equity development 29/6/2006.......

Myhome International acquisition of Ovenclean Ltd


Myhome has made further significant progress in the development of its multi-brand, multi-product strategy with the earnings-enhancing acquisition of Ovenclean Ltd, the third acquisition made by the company since December 2005. Ovenclean provides an oven cleaning service to upmarket homes, and currently has 167 franchisees with in excess of 20,000 customers between them and is still expanding: in the next financial year we estimate another 48 franchisees could be added. The Ovenclean franchising business operates on a fixed management fee structure, guaranteeing income growth, and the new customer base provides a significant cross-selling opportunity for other Myhome services.

The initial consideration of 1.75m will be funded from the 2.2m raised by the company in an oversubscribed placing of 6.3m new shares at 35p with institutional shareholders, and two further deferred payments of 375k will be paid within the next two years. The remaining funds will be put towards working capital and funding the costs of the planned move to AIM later this year.

Prior to a detailed review with management, we estimate that this acquisition will enhance earnings significantly in the current year to 30 September and on the new number of shares in issue we forecast EPS of 3.0p (compared to 2.5p without the Ovenclean acquisition), and 5.5p v 3.7p to September 2007, assuming a 30% tax rate.

Red Hot Penny Shares tip sheet reiterate their Buy this weekend. 100p short term target.

Moving up nicely this morning.

Goldfinger new to this game but learning fast, read lots about short/med/long term but what exactly is the timescale for each classification?

ta

Critch it really depends on which broker tipster as recommended the stock but in this case I beleive short term means up to a year.

I beleive 6 months would be more appropriate in the case of this stock as it moves over onto aim before the year is out and will be exposed to more institutions who will buy in big time.

It really does look like a fine growth stock.

Well worth reading the full broker report produced earlier this year, 11 page document.

I will try and find it and post it for you.

By the way RHPS says the company is moving into plumbing and carpet cleaning.

cheers GF.

Heres the broker report I was refering to, please remember its a little out of date and forecast are now higher.

http://www.equity-development.co.uk/client/view.php?docid=243&newsletterid=

cheers GF.

Thanks GF much appreciated.

Heres a bit of back ground on the nitty gritty of the business...

http://www.myhomeplc.com/images/papers/headers/franchise_magazine/advertorial3.jpg

cheers Gf.

lol GF your distracting me from my work lol. Infact good idea is scorching and im in an office. Certainly worth investing i fancy waiting for a blip tho, do you envisage one in the near future?

Many thanks

Critchy,You cant really tell with the markets having been so volatile of late in general but this doesnt seem to affect the Ofex market like the major markets.

I personally think that there is much more news flow to come from this one over the next 6 month so you could miss the boat eg, trading updates abroad could be very much on the horizon.

Im personally adding all the way up to hopefully 70p over the next few months. In fact I might be adding a few more in the next couple of days if MMG go on a spurt and I can flog a few of my cheapo tranches.

cheers GF.

cheers GF.

Yes ive been desperate to lop COP myself its going nowhere the now eversince the Iraq thing simply died of being over ramped. Thanks for your help and knowledge its much appreciated.

Kind Regards

No problems Critchey, Ive been in this business now for 23 years and I used to get help at the beginning. Im now just short of 40 but I still beleive theres plenty to learn.

In fact in this business its an ongoing thing and I notice you say you are fairly new.

I would advise you to learn as much as possible from the Greats of the past.

Read as many best sellers as possible. ' One Foot Up On Wall Street' is a stonking read from probably the best fund manager in history. (forgotten his name now, although hes a genious and the book is only about a tenner)

Also Warren Buffet is a good read but he can get a bit boring.

Charts yes get to know them but dont for gods sake rely on them like some do. Theres a differencwe between price and value.

Cheers GF.

No problems Critchey, Ive been in this business now for 23 years and I used to get help at the beginning. Im now just short of 40 but I still beleive theres plenty to learn.

In fact in this business its an ongoing thing and I notice you say you are fairly new.

I would advise you to learn as much as possible from the Greats of the past.

Read as many best sellers as possible. ' One Foot Up On Wall Street' is a stonking read from probably the best fund manager in history. (forgotten his name now, although hes a genious and the book is only about a tenner)

Also Warren Buffet is a good read but he can get a bit boring.

Charts yes get to know them but dont for gods sake rely on them like some do. Theres a differencwe between price and value.

Cheers GF.

Have to say I just love this stock It reminds me of when I piled into Sporting Bet at 7p a share(on Ofex) and added all the way up to 19.5p and I havent sold one........NICE.

I beleive long term this one will be even better.

very very bullish on this one.

Looks like all buys to me today. One big purchase and we could be through 50p.

GF thanks for the book advice i am currently reading one by Peter Bernstein- Against the Gods- the remarkable story of risk -i suggest you read it if you havent already, although not on shares it has allowed me to define my risk profile and is also a great read.

Im struggling to generate target prices for things, i dont want to be too greedy then again i want as close to the maximum upside as i can so where will MYH be in a years time and do you have any targets or milestones for this? Im quite happy to take 100% and run to clear some of my debts!!!

PS you have an e-mail

Critchy, click on my envelope at the side of my name, you can send me a private message there. Make sure yours is activated though to receive a reply.

Never really go for this price targeting thing as Im usually a long termer and as long as the stock remains cheap (and a trend moving up) ie, a reasonable P/E ratio I remain with it no matter what the SP on the market as at some time a re rating would occur if the stock was too cheap.

Im not a big TA fan where they normally just look at the ongoing price and take no account as to wether the stock represents good value.

cheers GF.

Last (excelent ) results...

Myhome International plc - INTERIM RESULTS AND PROPOSED MOVE TO AIM


23 MAY 2006

MYHOME INTERNATIONAL PLC
(OFEX: MYH)

("MYHOME" OR THE "COMPANY")

PROPOSED MOVE TO AIM
AND
INTERIM RESULTS


PROFITS DOUBLE AS RAPID EXPANSION CONTINUES

Myhome, one of the UK's leading franchisors of residential services, is pleased
to announce its interim results for the six month period to 31 March 2006.
These results reflect a significant rise in network turnover, profit before tax
and EPS, and mark the Company's first reported results as an international
multi-product residential franchise operation.


FINANCIAL HIGHLIGHTS

* Profit before tax up 285% to GBP278,663 compared to GBP72,335 for the same
period last year and GBP176,992 for the year ended 30 September 2005;

* Network turnover up 319% to GBP3,150,875 (six months to 31 March 2005:
GBP752,000);

* Basic Earnings per share up 69% to 1.02p (six months to 31 March 2005:
0.604p);

* International Master Franchise programme launched in Ireland - setting
blueprint for further expansion;

* Brand expansion strategy launched with the acquisitions of Nicenstripy and
Surface Doctor; and

* Closing in on the 100th group franchise (at 31 March 2006: 85 compared to
31 March 2005: 19).



POST BALANCE SHEET HIGHLIGHTS

* Announcement of intention to move to the Alternative Investment Market
("AIM") before the end of the calendar year;

* Myhome Master Franchise awarded in Scotland - generating a fee of
GBP150,000 in the second half of the current financial year; and

* Australian office launched, commencing the global expansion of the Myhome
brand name, with first franchise awarded.

Commenting on today's announcement, Russell O'Connell, Chief Executive said:
"WE ARE DELIGHTED THAT THE INTERIM RESULTS ARE BEGINNING TO REFLECT THE IMPACT
OF THE ACQUISITION STRATEGY ON THE GROUP. THIS IS OUR FIRST REPORT AS AN
INTERNATIONAL MULTI-PRODUCT FRANCHISE OPERATION, HAVING ACQUIRED NICENSTRIPY
AND SURFACE DOCTOR IN THE PERIOD. WE ARE ACTIVELY LOOKING TO EXPAND OUR
PORTFOLIO OF SERVICES IN THE COMING MONTHS. ALSO, OUR EXISTING FRANCHISEES
CONTINUE TO GROW IN LINE WITH OUR EXPECTATIONS, WITH PLENTY OF SCOPE FOR
FURTHER FRANCHISE AWARDS, BOTH IN THE UK AND OVERSEAS."

"THE COMPANY IS ALSO PLEASED TO ANNOUNCE ITS INTENTION TO MOVE TO AIM BEFORE
THE END OF THE YEAR. OFEX HAS BEEN FANTASTIC FOR MYHOME IN TERMS OF ACCESSING
CAPITAL AND BROADENING OUR PROFILE, BUT WE BELIEVE TIME HAS COME TO TAKE THE
NEXT STEP IN OUR DEVELOPMENT."

The Directors of the issuer accept responsibility for this announcement

---ENDS---

ENQUIRIES:

MYHOME INTERNATIONAL PLC TEL: 08450 668 866
Russell O'Connell, Chief Executive TEL: 07801 064 905

NOBLE & COMPANY LIMITED TEL: 020 7763 2200
Nick Naylor

BISHOPSGATE COMMUNICATIONS LIMITED TEL: 020 7430 1600
Maxine Barnes
Nick Rome


CHAIRMAN'S STATEMENT

The Board is pleased to announce that the Company has achieved an interim
profit on ordinary activities for the half year to 31 March 2006 of GBP278,663,
up three-fold from the maiden profit of GBP72,335 for the same period to 31
March 2005. The increase in number of franchise operations, bolstered by the
acquisitions of Nicenstripy and Surface Doctor, has increased the network
turnover to GBP3,150,875 (2005: GBP752,000).

The Company has continued the expansion of its franchise network, with 85
franchises in place as at 31 March 2006. We look forward to welcoming our 100th
group franchise in the coming months.

The Company today announces that it intends to move to AIM before the end of
the current year and is also working with its advisers, Noble & Company
Limited, on the best way to achieve this.

In closing, I would like to thank all shareholders and staff for their
continued support during an extremely busy time for the Company.

SIMON MCNEILL-RITCHIE
CHAIRMAN




CHIEF EXECUTIVE'S REPORT

This is our first report as a multi-branded, multi-product international
residential franchise operation, following the acquisitions of Nicenstripy and
Surface Doctor and the launch of the International Master Franchise Programme
in Ireland and Scotland. These deals provide a blue-print for further
international opportunities, with discussions in a number of countries about
further Master Franchises underway.

The business already has a strong infrastructure in place, providing firm
foundations for further development of the Company as a residential
franchising Company. This growth will be both organic and by acquisition. Our
numbers are particularly satisfying considering that the first half of our year
has incurred the set-up costs for Surface Doctor as well as most of our
marketing spend for the year, including the Franchise Exhibitions we have
attended in Birmingham, Manchester, London and Belfast. The leads generated at
these events form the basis for our franchise sales throughout the financial
year.

Our systemised format enables us to acquire other franchise businesses, that
will benefit from the centralised hub of support structures (IT, marketing,
accountants), whilst retaining their corporate identity and core management.

Further acquisitions that would fit into our existing residential product range
could include: carpet cleaning, oven cleaning, roofing, painting, plumbing,
electrical services, dry cleaning, security and many more. We are in various
stages of negotiations with a number of companies to acquire them, and we look
forward to making further announcements in due course.

CONCLUSION

Myhome is now established as a multi-franchise service group, with expansion
possibilities both organically and by acquisition, and both nationally and
internationally. There is clear potential to maintain this level of expansion
on all fronts, and I would like to thank our staff, franchise partners and
shareholders for their continued support in making this happen.

The move to AIM is now appropriate for the Company. Myhome was the heaviest
traded stock on Ofex in 2005, and has successfully raised initial institutional
funds whilst on the market. I would like to thank Simon Brickles and the Ofex
team for their support over the past years.

Trading continues in line with the Board's expectations and we look forward
with confidence to the future.

RUSSELL O'CONNELL
CHIEF EXECUTIVE


MY HOME INTERNATIONAL PLC

UNAUDITED INTERIM RESULTS

SIX MONTHS ENDED 31 MARCH 2006


UNAUDITED UNAUDITED AUDITED
6 MONTHS 6 MONTHS 12 MONTHS
TO TO TO
31 MAR 31 MAR 30 SEPT
2006 2005 2005
GBP '000 GBP '000 GBP '000

NETWORK TURNOVER 3,151 752 3,182
--------------------------------

CONTINUING OPERATIONS REVENUE 1,202 322 897

Cost of Sales (345) (119) (241)

--------------------------------

Gross profit 857 203 656

Other operating income - - -

Admin Expenses (579) (133) (483)

Profit from Operations 278 72 174

Investment Income 3 1 7

Finance Costs (3) (2) (4)


--------------------------------

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAX 278 71 177

Taxation (30) 30 213

--------------------------------

PROFIT/(LOSS) FROM CONTINUING 248 101 390
OPERATIONS

--------------------------------

ATTRIBUTABLE TO:

Equity Holders 248 101 390

Minority Interests - - -

--------------------------------

248 101 390

--------------------------------

EARNINGS PER SHARE

Basic 1.02p 0.604p 1.84p
Diluted 0.995p 0.520p 1.59p
--------------------------------


NOTES TO EDITORS
Myhome is an international multi-product franchising company providing home
services such as residential cleaning, lawn care and kitchen and bathroom
resurfacing services. Originally developed by Unilever, the Company was
admitted to Ofex in January 2002. The following year the Company launched its
franchise programme and has identified as many as 300 potential franchise
territories within the UK. Myhome is a member of the British Franchise
Association.

The acquisition from Unilever provided the Company with extensive training
systems, bespoke scheduling and billing software and valuable marketing
materials. In addition it acquired Unilever's unique Tri-Colour Cleaning
system, an efficient home cleaning methodology that was the result of extensive
time-and-motion studies.

Nicenstripy is a South East-based franchise providing residential gardening
services throughout the year. Founded in 1996 Nicenstripy currently has 40
franchisees. Myhome acquired Nicenstripy in two tranches in December 2005 and
April 2006.

Surface Doctor provides a cost effective way to repair and refurbish kitchen
and bathroom surfaces as an alternative to the expense and disruption of
replacement. The system uses a proprietary bonding agent to restore and re-
colour kitchen cabinets, worktops, baths, sinks, tiles, and other surfaces.
Surface Doctor was acquired in February 2006.

Like Myhome, Nicenstripy and Surface Doctor are also associate members of the
British Franchise Association.

www.myhomeplc.com
www.nicenstripy.com
www.surfacedoctor.com

Thanks GF, i am activated on the private message just to save destroying your wonderful thread here (mind you im sure we will look back in a few years to come with a few more pennies) are you sure your not Warren Buffet in disguise lol?? Im more of a mystec meg septic peg type lol.

With regards One foot up on Wall street can you remember the author now, i cant find the book anywhere although will read up on Buffet for my SIPP which i aim to be undertaking when the time arises for me to research up on it. Peter Berstein is a cracking read.

Let me know if you dont have my message