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.

Doing the business again.

Indeed it is - prefer a little more volume, but can't complain at the price.

Myhome International plc ("Myhome" or the "Company")

Proposed placing to raise GBP4.0 million (before expenses)

The Board of Myhome today announces that Nigel Wray, Stephen Hemsley and
certain other individuals (together the "Investors") have entered into a
conditional investment agreement with the Company to invest up to
GBP7.0million in the Company.

The investors will acquire 10,000,000 new ordinary shares of 5p each in the
Company (the "Subscription Shares") at a price of 40p per Subscription Share
(the "Placing"). The proceeds of the Placing, being GBP4.0 million (before
expenses), will be applied by Myhome to invest in its growing portfolio of
franchise brands. The Subscription Shares represent 22.4 per cent of the
Company"s issued share capital (as enlarged by the Placing).

As part of the Placing the Investors will also be granted warrants to
subscribe for a further 7,500,000 new ordinary shares of 5p each in the
Company at 40p per share (the "Warrants").

Nigel Wray is a successful entrepreneur with a variety of interests including
Domino"s Pizza UK & IRL plc ("Domino"s Pizza"), The English Wines Group plc,
Networkers International plc, The Greenhouse Fund Limited and various other
quoted and private companies. Nigel is also a director and major shareholder
of Prestbury Investment Holdings Limited, and also Chairman and major
shareholder in Saracens Rugby Club.

Stephen Hemsley is Chief Executive of Domino"s Pizza, one of the UK"s leading
franchise businesses. He was previously Finance Director of Domino"s Pizza
from November 1998 until January 2001. Prior to this Stephen held a number of
senior positions including that of an Investment Director of 3i for a period
of about 8 years.

Following completion of the Placing, Nigel Wray will be interested in
6,875,000 Ordinary Shares (representing 15.4% per cent of the Company"s issued
share capital (as enlarged by the Placing)) and 5,156,250 Warrants and Stephen
Hemsley will be interested in 2,500,000 Ordinary Shares (representing 5.6%
per cent of the Company"s issued share capital (as enlarged by the Placing))
and 1,875,000 Warrants.

The Placing and the grant of the Warrants are subject to certain conditions,
including:

1. Myhome shareholders approving the allotment of the Subscription Shares
and the grant of the Warrants and dis-applying shareholder pre-emption rights
in respect of the same at an extraordinary general meeting of the Company (of
which the Company has already received irrevocable undertakings representing
40.1% of the Company"s issued share capital); and

2. admission of Myhome"s existing issued share capital and the Subscription
Shares to trading on AIM, a market operated by the London Stock Exchange plc.

The Board of Myhome will be sending a circular, containing details of the
Placing and the issue of the Warrants, to shareholders of Myhome convening an
extraordinary general meeting shortly.


Nigel Wray today commented:

"I am very excited about investing in another franchise business at an early
stage in its development and both Stephen and I look forward to working
closely with Russell O"Connell and his management team. We believe that our
experience and expertise from Domino"s Pizza can bring additional benefit to
the Company and its shareholders".


Russell O"Connell, Chief Executive Officer of Myhome, said:

""I am delighted that Nigel Wray and Stephen Hemsley have agreed to invest in
Myhome. Their experience and knowledge of investing in both high-growth
companies and franchising will be invaluable in helping us develop further. In
addition Stephen"s role as the Chief Executive of Domino"s Pizza and his
knowledge of building successful franchise businesses will be of great
assistance to us as we grow.

Our move to AIM remains on track and we hope to announce details of this, as
well as our results for the year ended 30 September 2006 shortly."


Enquiries:
Myhome International plc Tel: +44 20 8404 6479
Russell O"Connell, Chief Executive
Simon McNeill-Ritchie, Chairman

Noble & Company Limited Tel: +44 20 7763 2200
Nick Naylor
Nick Athanas

Bishopsgate Communications Limited Tel: +44 20 7430 1600
Nick Rome
Maxine Barnes

Seems a very nice price - I wouldn't mind getting some more at a 25% discount to the market price.

What will this do to the SP? Between the dilution effect and the re-listing on AIM (to which the placing is subject) probaby on balance +ve.

No doubt two interesting associates who would on the face of it seem to be serious long termers. I would hope there are lock-in and orderly market clauses in the deal.

Wonder what they plan to buy with the cash, if they have yet decided.

Yes I thought firstly 'in on the cheap' but then again I feel they will be long termers.

Price moving the right way.

v. nice move the right way today - no doubt the new investment boodes well - still just a tad yellow about the price, but I'll get over it.

I know what you mean, but lets get going forward.

Pity nobody else as caught on.

News
Myhome International plc - Notice of EGM


17 NOVEMBER 2006

MYHOME INTERNATIONAL PLC
(PLUS: MYH)
("MYHOME" OR THE "COMPANY")

NOTICE OF EXTRAORDINARY GENERAL MEETING

The Board of Myhome announced on 15 November 2006 that Nigel Wray, Stephen
Hemsley and certain other individuals (together the "Investors") had
conditionally agreed to invest up to GBP7.0 million in the Company. Details
of this agreement were set out in that announcement.

The Company is today posting a circular to shareholders of the Company
convening an extraordinary general meeting ("EGM") of the Company to be
held at the offices of Noble & Company Limited, 5th Floor, 120 Old Broad
Street, London, EC2N 1AR at 11.00 a.m. on 11 December 2006. The circular will
contain details of the proposed investment by the Investors and will explain
why the Board of Myhome consider the proposed investment to be in the
best interests of the Company. Resolutions will be tabled at the EGM to
empower the directors to allot shares and to issue warrants to the Investors.

Copies of the circular will be available from the Company's registered office,
119 Richmond Road, Kingston-upon-Thames, Surrey KT2 5BX and at the offices of
Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU
until 18 December 2006.

The Directors of the Issuer accept responsibility for this announcement.


--ENDS--

Enquiries:

MYHOME INTERNATIONAL PLC TEL: +44 20 8404 6479
Russell O'Connell, Chief Executive
Simon McNeill-Ritchie, Chairman

sitting here on my 33% gain over 4 weeks - can't complain

will try to attend EGM to see the whites of their eyes so to speak

From RHPS tip sheet this weekend........

MYHOME INTERNATIONAL (MYH): The shares have shot up on news
that serial investors Nigel Wray and Stephen Hemsley have
bought 10 million (yes - 10 million) new shares at a price of
40p. They will also be granted warrants to subscribe for a
further 7.5m new shares at 40p. Wray and Hemsley have backed
numerous successful companies including another franchise
operation Domino's Pizza, and the pair will now have a
combined stake of 21% of Myhome's shares. This is a huge vote
of confidence in Myhome, and I expect the shares to receive a
further boost from Myhome's move to AIM and the annual results
both of which are due shortly. The shares have whizzed through
my 50p buy limit, but my target is 100p. HOLD

SD let us know how you go on if you can attend the meeting.

Cheers GF.

Certainly will

Thanks SD.

Wray backs Myhome International*

Myhome International has announced that Nigel Wray, Stephen Hemsley and other investors have invested 7 million into the company. The company is to undertake a placing, in which the investors will have the chance to acquire 10,000,000 shares at a price of 40p per share and further warrants for 7,500,000 new ordinary shares with a strike price of 40p per share. The subscription shares represent 22.4% of the entire share issued capital of the company and the gross proceeds of the placing - 4 million will be used by Myhome as working capital in order to further build its franchise.

Nigel Wray is a successful entrepreneur and investor who holds strong stakes in Domino's Pizza UK&IRL, The English Wines Group, Networkers International and The Greenhouse Fund. He is also director and major shareholder of Prestbury Investment Holdings and Saracens Rugby Club. He is known as "Britain's Buffett" for his successful stock picking record. After the placing, he will have an interest in 15.4% of the equity and 5,156,250 warrants. Stephen Hemsley is the chief executive of Domino's Pizza and has also held a number of senior positions as an Investment Director of 3i for many years. After the placing he will have an interest of 5.6% of the enlarged share capital of the company and also 1,875,000 warrants. It must be noted that this agreement is subject to certain conditions, such as the current shareholders of the company approving this placing, and also that Myhome is admitted to AIM.

The news is very encouraging for the company. The company's shares now trade at 60p per share, valuing the company at 20.78 million. In the year to 30 September 2005, the company reported earnings per share of 1.84p. The interim results for the six months to 31st March 2006 showed that the company reported earnings per share of 1.02p and that there is a strong probability that the final results for the current year will be significantly higher than last year and we expect that within two years, earnings should be approaching 15p. As such our stance - having first tipped this stock at 7p - remains buy.

GF - where is this from? It's not entirely accurate.

The concert party are investing 4m, not 7m, and they have been granted for free the opportunity (but not the obligation) to invest a further 3m at their discretion by exercising their warrants. At nil premium the warrants are worth 20p (current SP less strike price), so they have effectively paid only 2.5m for their 22.4% of the enlarged company worth approx. 6m, a 140% gain on issue - oh to be on the side of the "angels" for once!

Also, am I imagining that I have read somewhere that Wray has an interest in T1ps?

stockdog - you're right.

In his tip for English Wines (Oct 05) Winnifrith mentioned that Nigel Wray owned 19% of T1ps.com.

Hi SD and CB, I beleive Wray was the biggest shareholder in T1ps.com, Im not so sure that is the case now as Winnie on his web net prog refers to his boss as a she.

Im sorry I thought the article was named at the top and yes it does come from the Tips stable, Monisha varaden from UQ.com.

I know that Evil K owns all Watshot.com unless he as got shut.

It might be an idea SD to give Winnie or Monisha an e-mail to take up further clarity of the situation.

Ill just find the address in my e-mail list.

cheers GF.

Here we are tom@tisl.co.uk

or

monisha@tisl.co.uk

Hope that helps cheers GF.

THE INDEPENDENT
Outlook:
* Governments can tackle climate change by giving everyone their own carbon allocation - European competitiveness - Benefits of EU regulation outweigh costs

Derek Pain:
* MyHome International, a great little success that keeps on growing - Printing.com recovers some lost ground

No Pain, No Gain: A great little success that keeps on growing
By Derek Pain
Published: 25 November 2006

Playing the small-cap investment game can be fraught with danger. The No Pain, No Gain portfolio has suffered some acute setbacks. Witness my discomfort over Lennox and Wyatt, and such past humiliations as Profile Media. So, perhaps I can be forgiven for applauding the progress of little Myhome International, the growing and increasingly profitable multi-franchise group.

The shares were recruited in July last year at 15.5p; they have recently broken through the 60p barrier. Under the direction of chief executive Russell O'Connell, the company is making dramatic progress. Next month, it expects to celebrate a round of hectic expansion by switching its shares from the fringe Plus Quoted (formerly Ofex) market to the Alternative Investment Market (AIM). The move could herald more aggressive expansion.

Myhome is raising 4m by placing shares (at 40p a time) with investment luminary Nigel Wray, sometimes called Britain's Warren Buffett, and Stephen Hemsley. Wray has a wide spread of interests, including Domino's Pizza, the successful AIM-traded franchise chain. Hemsley is Domino's chief executive.

I understand that other Domino's executives have acquired shares. Accompanying warrants could produce a further 3m. The sale means that Wray will have 15.4 per cent of the enlarged capital and Hemsley 5.6 per cent.

Messrs Wray and Hemsley have a bargain. They were in the money even before their involvement was announced. When the deal was struck, Myhome's shares were around 45p. So the discount was not then breathtakingly large. Much of the subsequent progress must stem from Wray's involvement. Although their injection will help expansion, the ambitious group, with 600,000 in the bank, was not in urgent need of a cash infusion. Still the pizza men's undoubted franchise experience should strengthen the already impressive Myhome management.

The company is 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.

Profits in its last financial year (to end September) should emerge at about 950,000, against 177,000 in the previous 12 months. Researcher Equity Development suggests some 2.6m is likely this year.

But the current year forecast could easily be overtaken if Myhome adds, as I expect, to its armoury. The acquisitive group feels its IT back-up would have no difficulty accommodating other franchise businesses. Indeed, it believes such activities as carpet cleaning, plumbing and security are among occupations it could comfortably absorb. And opportunities for cross selling could be enormous.

The group, moving into a 1.25m freehold headquarters at Esher, Surrey, is emerging as a powerful force in the booming franchise business. I think it will continue to make progress. But after such a breathtaking run, any investor who followed the portfolio into the shares should think about top slicing, locking in some profits. Selling half a holding would produce a handsome windfall.

The portfolio, however, is not cashing in. Either I sell the lot or stick with my original involvement. I am happy to sit with Myhome. Even at 59p, the price as I write, the shares are selling at less than 12 times this year's projected earnings. And the shares should enjoy a much higher profile after the switch from the old Ofex market. Of course, such a rapidly growing operation could slip up. But Myhome's management has so far not put a foot wrong.

Finally, another portfolio franchise constituent, Printing.com. It is overcoming a trading downturn and the shares, at 50p, have recovered some lost ground. More about the online printer next week.

cash@ independent.co.uk

Playing the small-cap investment game can be fraught with danger. The No Pain, No Gain portfolio has suffered some acute setbacks. Witness my discomfort over Lennox and Wyatt, and such past humiliations as Profile Media. So, perhaps I can be forgiven for applauding the progress of little Myhome International, the growing and increasingly profitable multi-franchise group.

The shares were recruited in July last year at 15.5p; they have recently broken through the 60p barrier. Under the direction of chief executive Russell O'Connell, the company is making dramatic progress. Next month, it expects to celebrate a round of hectic expansion by switching its shares from the fringe Plus Quoted (formerly Ofex) market to the Alternative Investment Market (AIM). The move could herald more aggressive expansion.

Myhome is raising 4m by placing shares (at 40p a time) with investment luminary Nigel Wray, sometimes called Britain's Warren Buffett, and Stephen Hemsley. Wray has a wide spread of interests, including Domino's Pizza, the successful AIM-traded franchise chain. Hemsley is Domino's chief executive.

I understand that other Domino's executives have acquired shares. Accompanying warrants could produce a further 3m. The sale means that Wray will have 15.4 per cent of the enlarged capital and Hemsley 5.6 per cent.

Messrs Wray and Hemsley have a bargain. They were in the money even before their involvement was announced. When the deal was struck, Myhome's shares were around 45p. So the discount was not then breathtakingly large. Much of the subsequent progress must stem from Wray's involvement. Although their injection will help expansion, the ambitious group, with 600,000 in the bank, was not in urgent need of a cash infusion. Still the pizza men's undoubted franchise experience should strengthen the already impressive Myhome management.

The company is 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.

Profits in its last financial year (to end September) should emerge at about 950,000, against 177,000 in the previous 12 months. Researcher Equity Development suggests some 2.6m is likely this year.

But the current year forecast could easily be overtaken if Myhome adds, as I expect, to its armoury. The acquisitive group feels its IT back-up would have no difficulty accommodating other franchise businesses. Indeed, it believes such activities as carpet cleaning, plumbing and security are among occupations it could comfortably absorb. And opportunities for cross selling could be enormous.

The group, moving into a 1.25m freehold headquarters at Esher, Surrey, is emerging as a powerful force in the booming franchise business. I think it will continue to make progress. But after such a breathtaking run, any investor who followed the portfolio into the shares should think about top slicing, locking in some profits. Selling half a holding would produce a handsome windfall.

The portfolio, however, is not cashing in. Either I sell the lot or stick with my original involvement. I am happy to sit with Myhome. Even at 59p, the price as I write, the shares are selling at less than 12 times this year's projected earnings. And the shares should enjoy a much higher profile after the switch from the old Ofex market. Of course, such a rapidly growing operation could slip up. But Myhome's management has so far not put a foot wrong.