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.

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.

EGM monday,

SD if you do go please tell all , many thanks.

Large T buy of 500,000 went through this afternoon, looks like a month hopefully of highs drama.

Willco

Cheers SD.

MyHome sweet on Aim - Investor's Chronicle - 08/12/06

Franchise operator MyHome is about to finalise its move from Plus Markets to Aim. Chief executive Russell O'Connell says that it will improve the company's visibility and make acquisitions easier. The shares were boosted last month when Nigel Wray and Stephen Hemsley, the men behind Domino's Pizza, spent 4m on a stake in MyHome.

At 57p, the shares are well ahead of our buy tip (41p, 10 March 2006). And they still rate good value.

GF - just back from the EGM, both resolutions passed, no surprise there.

Interesting select group round a table of whom only three asked questions, an insti to my right, a man called John who obviously was a major shareholder since he wore jeans and casual top and me.

My questions were:
1) Are there any restrictions on Wray/Hemsley disposals - none, but the board are convinced they are long-term holders, not quick in-and-out merchants - (they'd do alright being 100%+ up including the warrannts so far). The SP was 42p when they did the deal, so they cannot be blamed for the seemingly cheap price - we've all benefited.

2) Are we on track to join AIM on time by end of 2006 - many smiles and "if you'd allow the meeting to close, we could get on with it" look out this pm/tomorrow for RNS.

3) Any acquisitions in prospect - they have many approaches, which have significantly increased since Wray's interest was announced, which they are looking at constantly. With the 4m in the bank, they are now able to plan, "not just for cashflow, but for what the company needs". They remain focused on becoming the "AA of the home", rather than spreading into othher areas. Also, will be looking for royalty based franchises, rather than acquisitions in future (Nice'N'Stripey was a bit of a one-off - it was there, they took it.)

Russell O'Connell was impressive - typical robust, plain-spoken antipodean with obvious "vision, confidence, personality" - a phrase he used about others that he would seek to engage with the company, but applies to himself I would say.

In response to a 4th questioner, very animated about Australian developments. They do not own the company there (it is owned by the son of the owners of 7/11 - and do they know about franchising!) but have a 10% royalty on revenues. They have 3 franchises so far (think I got that right) on one out of their five brands and are looking to build a business of 100 franchises turning over Aus$1m each within 3 years. They are "likely to be ahead" of this RO says. Although they have no ownership of the Aus venture, if it were to float, MYH would likley seek to take an equity stake at that stage.

Oh, BTW, accounts, as promised at the meeting, are now out - see RNS on DigitalLook.com

All for now - must read the accounts.

By the end of 2006? Only just!

29th December 2006

Commenting on the Company"s proposed transfer to AIM, Russell O"Connell, Chief
Executive said:

"It has been a momentous year for the Company, as I detailed in my report
published earlier today. In the past twelve months, the Company has grown
significantly, both through acquisition and organically, attracting
considerable external investment, and today we finish 2006 by announcing our
move to AIM on 29 December. Plus Markets has been fantastic for the company, it
has enabled the Company to attract institutional investment at crucial stages,
and I would like to thank Simon Brickles and his team for all their support.
Moving forward, AIM will provide the Company with an enhanced profile and
additional resource possibilities so that we can take advantage of the many
opportunities available to the Company."

Full announcement here

SD, many, many thanks for that. Can I pass these notes around other boards, of course the authorship will be credited to you?.

Looks very positive SD.

Historic P/E of 20ish if one takes that payment put forward into next years rather than this.

Will be very exciting to see foward P/E predictions.

Going to read more will get back , all of a dither at the moment.

SP responding very well.