Listed on the AIM market on Friday the 29th of December.

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.



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.

So master we have a sell confirmed signal from british bulls. what do you recommend?

Bad news all round. I was hoping for an increase in profits but that may be a couple of years away.

Myhome International plc, the AIM listed franchise company, announces its unaudited interim results for the six months ended 31st March 2008.

Highlights

Turnover increased by 151.4 per cent to 4.63 million from 1.84 million for the comparable period.

Adjusted operating profit of 479,000 compared to 742,000 for the same period last year.

Accounts suggest they are in need of a substantial cash injection.Steer clear imho.

Today rather confirms the sp movement mid-June08 was wrong...as I posted.
Oh dear.

On the Good side, here is a business that is well motivated. Let's hope the franchisees see it that way and continue to deliver, etc.
I saw them at Growth Co Show... and the sp wasn't good then...was tempted, but I resisted.

Ooop's clad I got out at 100p down 51% today 4p mid.

UK smallcap opening - Myhome slides on breach of covenants; equity issue fears
AFX


LONDON (Thomson Financial) - Myhome International shares were on the back foot, sliding 2.375 pence to 5.50 pence as the domestic cleaning franchise warned it is in breach of some of its banking facility covenants due to a weak economic climate and reduced trading expectations.

However, it is in 'constructive' talks with Lloyds TSB to restructure its 8 million-pound bank line.

A number of options are being explored to reduce the facility, including an equity issue at 'a realistic discount' to the current share price. The board is in preliminary discussions with some of its larger shareholders about the possibility of participating in such an equity fundraising.

Meanwhile, Myhome's Q3 results were in line with the board expectations.



tf.TFN-Europe_newsdesk@thomsonreuters.com

fjb/nes

made money on this when it flew north a few mnths ago then banked it.

When you've made yer profit you have to sell in these markets otherwise you pay the penalty.

dealerdear
I lost a bit on these bought at 108p out at 100p its so easy to stick with it then lose the lot we have all done it.

Yes "take the money and run" certainly is the phlosophy at the moment. Hope lloyds will continue to support MYH otherwise having cashflow problems in this market could mean the end.

You're telling me!
I'm making masses of paper losses on a variety of companies.
Because of that and this market in particular I'll only buy now short term, make a profit and sell.

I have no confidence in this market at all and the MM's in particular.
Much better to day trade atm IMO.

My guess is that they will continue to have the support of Lloyds, without their foreign interests I think MYH may have struggled but as things are and with the restructuring undertaken, I feel that in time, the company will recover.

LOL - is that a ramp I see flying in the sky ???????


Master RSI - 13 Jun 2008 13:35 - 436 of 447

Short of stock, and end of retracement that is all
I selected the share this morning for the "UPS" as there was a retracement of 2/3 or 63% and buyers were buying again after a 50K late yesterday

Today news of results by 30th June 08

Haha! No just my own thoughts. Master's may have been though ;o)

and on the basis of Master RSI I made loads of money thank you very much.

As I said you make your money and get out.
Master also got out with a big profit.

Yep, tis the way to do it!

What a bombshell! TW has called for the resignation of the CEO Russell O'Connell as it is alledged he is running a franchise from the MYH carpark(you couldn't make this up!) which is making 350k pa. Shareholders and others close to the company were apparently unaware that the CEO owned this business but perhaps Lloyds found out.

Halifax, - - - - It will be in the Auditors' Notes somewhere, suggest you re-read the Accounts. Otherwise it would be inside-trading, or at least not at "arms length" etc.
-This Business needs cash to supply the "loan" that gets franchises on-board.....that's where the money/debt comes from.(unless anyone knows different...)
You might argue that the "fee" then becomes a debt (until repaid), but that's not the issue IMHO. There seem to be too few profits being made by Franchisees....Maybe they aren't suffieiecntly profitable to make a go of things in the early-years, This means MYH has less cash-flow than their recent expansion plans demand.....

Whatever it is, I suspect LLOY will offer support at the "going-rate", etc.
+Don't expect a rapid rise in SP, but it ain't broke, yet.
I don't hold this.

LLOY have called the loan in and the shares are suspended.

Don't hold but it does look like it could be the end of the road.

Lloyds are soooo mean!

Seems odd, or are LLOY just being a bit mean -? My post 28July is in "tatters" - Oh dear!

On the other hand I doubt LLOY would do this lightly....for, by doing it, the "worth" of [MYH] is in further doubt - and any (alternative), refinancing might be shot - or at a greater burden. Seems rather odd, or has LLOY got wind the Refinancing is doomed?

Greif, this isn't good for shareholders. . . . . this was over 20p only days after their appearance at the Investor-Exhibition, mid-08 . . . . . yesterday we're looking at 4/5p - that's 25% down in just weeks . . . . . . . was this "Alternative Reinancing" part of their story? I must have missed it...