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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.

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.

stockdog - 01 Feb 2007 16:13 - 61 of 459

Tight b*st*rd!

goldfinger - 01 Feb 2007 18:39 - 62 of 459

LOL.

soul traders - 02 Feb 2007 12:36 - 63 of 459

Stockdog, didn't anyone tell you that Goldfinger's gold finger is actually only 9 carat?

stockdog - 02 Feb 2007 17:46 - 64 of 459

We all know why his finger isn't that shiny, but I don't want to be removed from this thread for saying so!

soul traders - 02 Feb 2007 22:13 - 65 of 459

discretion is the better part of valour, or so I'm told :o)

goldfinger - 02 Feb 2007 23:09 - 66 of 459

LOL.

goldfinger - 04 Feb 2007 12:34 - 67 of 459

From The Independant This Saturday, Derek Pain Portfolio.

MyHome, the franchise group that moved from Plus to Aim now enjoys top spot in the portfolio. Since its shares arrived on Aim at the turn of the year , they have shaded from 73p to 66p. Such a performances runs contrary to the widely held beleief that Aims higher profile would encourage further headway.

But these are early days and I dont find some short term hesitancy SO suprising.

My Home is still a BUY. The rating remains exceedingly modest and the portfolio has no present intention of selling.

Biscuit - 04 Feb 2007 13:25 - 68 of 459

Does Derek Pain write for the Gaurdian as well as the Independent GF?

goldfinger - 04 Feb 2007 15:02 - 69 of 459

OOPs, slight mistake there, now edited.

Biscuit - 04 Feb 2007 16:07 - 70 of 459

No probs GF. I'm stocking up before the wider market cottons onto this one!

stockdog - 04 Feb 2007 20:56 - 71 of 459

66p has to be a good top up level IMHO - lend us a tenner - oh sorry - back where we started. I'll call me bank in the morning.

goldfinger - 05 Feb 2007 11:53 - 72 of 459

Up in the blue this morning.

looks like Derek Pain as led to the gain.

Greyhound - 05 Feb 2007 12:27 - 73 of 459

Starting to gather some more interest now...

goldfinger - 05 Feb 2007 12:40 - 74 of 459

Lunch time buyers.
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