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.

Upbeat AGM statement from Myhome*

Myhome International* told its annual general meeting on Wednesday that it was still set on an AIM listing before the year end. The company also recapped on its achievements over the past 12 months. It has established its master franchise program with 3 international licenses in Scotland, Australia and Ireland. It is considering a few more acquisitions and currently has 300 franchisees. After the participation of the company at the recent franchise exhibition, Myhome says that it is working on a further 300 new franchisees and that it hopes it will turn them into businesses in the near future.

Listed on Ofex in 2002, Myhome has a track record for delivering superb profits growth and its shares have risen from 7.75p when we first spotted the stock to 43.5p today. It is definitely one of the best followed companies on Ofex and its history and business model are familiar to most of us. We expect earnings per share of 6.5p for calendar 2006, rising to - at least - 13.5p in 2007. On a 2007 price earnings ratio of less than 3 the shares remain a buy.

goldfinger - many thanks for setting up and maintaining this thread single-handedly. I've dipped in today after reading through all your excellent posts and Edison's latest report - ticks all the boxes and it's been a nice quiet buying period.

Very much looking forward to a gear change (of what magnitude do you reckon) as we transfer from Ofex to AIM. Fundamentals are terrific all round and quality if operations, acquisitions and managemment seem very good.

One question I have not found an answer to yet - which director hold how many shares and are there any other significant shareholders. Your help on this would be much appreciated.

Thanks again

sd

Hi SD,

Great to have you aboard. Yup I really think this is the best stock I have bought in the last 10 years. It ticks all the right boxes. A forward P/E to 2007 of just 3 says it all for a classy company like this. I hold tranches all the way up.

As for future price I think that will be determined how well it settles on the Aim market. I think a rating of perhaps 15 and that may be conservative is warranted.

Ill have a go at digging out the big share holders, I know I have the info somewhere.

Best of luck.

Cheers GF.

Hi SD,

from latest company accounts..................

The beneficial interests of the directors holding office on 30 September 2005 in the issued share
capital of the company were as follows:

30.9.05 1.10.04

Ordinary 5p shares
Mr R O'Connell 4,112,801 4,112,801
Mr S McNeill Ritchie 428,603 428,603
Mr G R Boot 412,500 -
Mr A B Virani - -

SUBSTANTIAL INTERESTS

At the date of this report the following parties had notified the company of a beneficial interest
which represents 3% or more of the groups issued ordinary share capital at that date:
No. of shares % held

Mr R OConnell 4,112,801 16.93%
Starvest Limited 3,300,000 13.59%
Unilever UK Holdings Limited 1,099,987 4.5%
S Yee 1,500,002 6.17%
Adworth Plc 1,400,000 5.77%
BNY (OCS) Nominees Ltd 1,600,000 6.58%
HSBC Global Custody Nominee UK 1,552,500 6.39%
Rathbone Nominees Limited 1,900,000 7.82%

If from this position they have bought or sold I beleive it would have to be declared on newstrack announcements which you can find by clicking on the MYH page on this site.

http://www.plusmarketsgroup.com/index.shtml

Cheers GF.

Thanks GF, you're a star. I've always said, there are tip sheets, broker's notes and Goldfinger. Who needs the first two!

Some of the nominee holdings could be non-beneficial I would think. I guess Stavrvest, Unilever, S Yee (who he?) and Adworth are beneficial - the last 3 look like nominee accounts for PI's and/or fund investors etc.

We'll see again in the September a/c's what has changed more recently. Any idea when due? Probably sooner rather than later, since I cannot see any undue reporting complications likely to arise on a heavy asset free, cash-generative business (lovely!)

sd

Im very easy with the accounts here SD.

No idea when they are due.

Good Luck

Regards GF.

Well, nobody could be accused of overtrading this stock today!

Yup it goes that way on Ofex, but be patient SD we could be well in the money when this one moves to aim.

Breath in breath out. LOL.

Moving up nicely this morning.

Seems to be renewed interest in this one.

Some are obviously getting in before move to aim.

Looking good - nothing too fancy, just steady. I am sure AIM will have a significant effect in time when it becomes 'eligible' for a whole new sector of investors.

Certainly will SD, you timed your purchase just right I feel.

Inching up today.

only another 1+p to go to hit a new high. seems to be following solid upward channel since May - periods of relative inactivity interspersed with upward steps - support line leading to ~88p in 12 months time, plus superimposed on that the gear change on admission to AIM - anyone's guess, but I'm looking at at least double over the next 12 months which will suit me.

Would like to have a little more of this, but must wait for funds to be released from elsewhere, so in no hurry to see the SP shoot up.

Double, thatl do me. Oh I do like that word.

Nice to see it in the blue again this morning SD.

at 0.25p per day for the 253 trading days of the year we will overshooot our target of 200%! a problem I am prepared to accept.

LOL, yup thats a nice thought.

Up again this morning.

Strange more posters havent caught on here.

Most Brokers now cover Plus market stocks.

Look at the growing volume over the last month as we rise steadily, plus a nice upturn in On Balance Volume shows a nice strength to the buying of late which should make a little step change if we breach and hold above the 47.75 all tie high in the next day or so. Although, unsurprisingly, RSI shows us pretty overbought at present, until market sentiment catches up during a further period of consolidation around the 55p+(?) mark.

We may fail to breach 47.75p and there may be a little retracement to form a nice littel handle to our elegantly shallow cup. That would forebode a nice little (47.75-41.5) = 6.25 rise above 47.75 to 54p. In a way this would add greater long-term strength to the SP than a resistanceless progress through the high.

Enough of charting. News - Ofex to AIM, and fundamentals - good profit growth with zero borrowing, will see us right in the end.

BTW - before I was aware of this share, I had my over cleaned by their subsid before they bought it - great service, good price - all while I watched TV, lovely.

sd

You cant beat a good oven.

These micros are rubbish.

Looks like a new high.

Hey goldfinger, is it true you are that nutter Hedge Hunter on ADVFN?

Just need it clarified.