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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 - 22 Jan 2007 23:30 - 41 of 459

Hopefully will boost the SP.

Biscuit - 27 Jan 2007 16:25 - 42 of 459

I've just been looking for any visible progress since financial year end Sept 06. Taking the Franchisee figures from the AIM admission release on 29th December and comparing those figures to those given under the relevent company here : http://www.thefranchisemagazine.net/franchising/Franchise-Opportunities/4?ck=1&
If the figures given on these pages from January 2007, there appears to be some impressive growth going on, especially at Autosheen and Ovenclean, 2 added to Surface Doctor which is promising. As i say, the problem is knowing if the figures given in The Franchise Magazine are correct, but we have to assume that they are.

Cheers

Biscuit

goldfinger - 27 Jan 2007 23:15 - 43 of 459

Yes there looks to be explosive growth goiing on here.

Excelent info post biscuit.

goldfinger - 27 Jan 2007 23:44 - 44 of 459

Further research...

http://www.myhomeplc.com/images/papers/headers/AIM_OFEX/Jan2007.pdf

Greyhound - 29 Jan 2007 17:42 - 45 of 459

Been keeping an eye on this since Guardian mentioned it with a view to getting in - looks like I'd be in esteemed company. Might have to dip my toe in.

chad - 29 Jan 2007 23:49 - 46 of 459

R8 everyone. Been away from the investment scene for a while and I'm trying to decide whether to dip into this one or silverdell with the capital I've just freed-up. Both are cheap with strong growth prospects and track records. Tough one.

goldfinger - 30 Jan 2007 15:32 - 47 of 459

Chad if you havent yet made your mind up Id personally go for MYH as I think we will get a great deal of news flow at some point I reckon in the very near future.

Biscuit - 30 Jan 2007 15:52 - 48 of 459

Hi Goldfinger, Yes, I doubt it will be too long before we get some sort of update on what's happening, I'm sure there's plenty going on. They seem to have been looking for acquisitions for quite a while now, so maybe something on that front. Time will tell!

Biscuit

stockdog - 30 Jan 2007 19:19 - 49 of 459

chad - also look at (in no particular order) AVG, TAN, TEG, WNG, RCG, MSR, ASC, EBTM, COH, DGT (maybe not this one for toes!), KMR, PGI - wish I was in all of them, instead of just the worst 7!

goldfinger - 31 Jan 2007 12:14 - 50 of 459

A bit of SP weakness over the last few days, provides an excelent opportunity for entry.

Got to remember some of the holders from the offex days are sitting on a multiple bagger (me included) and are obviously tempted to sell now and again for a bit of pocket money etc.

That said I believe when we get the new analyst report out due any day now I believe this one will be one of the cheapest and best managed companys on the whole Aim market.

Greyhound - 31 Jan 2007 12:35 - 51 of 459

I'm already in now and looking to see some good developments here

chad - 31 Jan 2007 13:02 - 52 of 459

Im in on the dip today.

Biscuit - 31 Jan 2007 13:03 - 53 of 459

Certainly looks cheap on expected earnings.

goldfinger - 31 Jan 2007 23:09 - 54 of 459

Give it some pasty,lads.

silvermede - 01 Feb 2007 07:46 - 55 of 459

Myhome International PLC
01 February 2007

01 FEBRUARY 2007



MYHOME INTERNATIONAL PLC
('Myhome' or the 'Company')

BUSINESS UPDATE

AND

CHANGE OF ADDRESS


Brand strengthening and consolidation at Myhome


Myhome, one of the UK's leading franchisors of residential services, is pleased
to provide the market with a business update following its move onto AIM in
December 2006.



It is actively pursuing over 100 applications from potential new franchisees
following the British Franchise Exhibition in Manchester last week, further
increasing its brand awareness in the franchising industry.



The exhibition provided another useful opportunity for Myhome to meet potential
investors and franchisees as it continues to grow its network, which includes
international operations and five brands; Myhome Clean, Nicenstripy, Surface
Doctor, Oven Clean and Autosheen. Further franchise exhibitions are scheduled
for London (23/24 March) and Birmingham (6/7 October).



Following its move onto AIM, Myhome has been actively consolidating its
operations. To this end the Company expects to move offices during Q2 2007. This
will enable complete consolidation of certain functions: IT, accounts, marketing
and franchise support under one roof, streamlining core infrastructure systems
and costs. The new offices will also house a new call centre that will allow
cross selling across all of Myhome's brands, driving new business to
franchisees, which the Directors believe will boost the network turnover of the
Myhome group. Myhome has purchased the 4,000 sq ft 1.25m freehold building
which is located in Esher, Surrey and the consideration was satisfied in full in
cash.



Russell O'Connell, CEO of Myhome, says: 'We are delighted that the Myhome brand
is continuing to grow. The move to the new office will not only create core
savings, but should simultaneously improve our productivity. For example, the
call centre will enable us to market our services across the Myhome group, which
should have an immediate impact on the day-to-day business of our franchisees,
increasing our group 'network' turnover and therefore enhancing our underlying
royalty income stream. The move to AIM has come at just the right time for the
Company, and we are determined to make the most of the profile and resources it
offers us.'



The Company is also pleased to announce that it will be hosting, in conjunction
with Bishopsgate Communications Ltd, a private client broker lunch on Tuesday
13 February 2007 at Perc%nto, 26 Ludgate Hill, EC4M 7DR.


---ENDS---


Greyhound - 01 Feb 2007 08:46 - 56 of 459

I like the consolidation into new offices and cross-selling. Reduction of costs and increasing revenues. With 100 potential new franchisees we should have fast and efficient growth ahead.

Biscuit - 01 Feb 2007 10:12 - 57 of 459

Appears tp be a constant seller at the moment, still, gives us a bargain!

goldfinger - 01 Feb 2007 11:28 - 58 of 459

Watch out for the new analyst reports.....

The Company is also pleased to announce that it will be hosting, in conjunction
with Bishopsgate Communications Ltd, a private client broker lunch on Tuesday
13 February 2007 at Perc%nto, 26 Ludgate Hill, EC4M 7DR.

stockdog - 01 Feb 2007 13:44 - 59 of 459

gf - worth a punt on the new report being positive wouldn't you say? lend us some dosh!

goldfinger - 01 Feb 2007 15:05 - 60 of 459

SD especially if its from Monisha.

Dosh.......... you must be joking poor as a crow, Gordon Brown sees to that LOL.
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