Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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.

moneyplus - 05 Feb 2007 14:21 - 80 of 459

I'm in today-looks very promising. cheers GF

stockdog - 05 Feb 2007 15:05 - 81 of 459

Have copied your post to ADVFN (sans mention of me and my banker!)

What's the link for it?

goldfinger - 05 Feb 2007 23:00 - 82 of 459

SHOW = epic code.

Many thanks SD, your a real good on line freind. Not only that but a top notch investor.

You know this business better than most having mingled with the top knobs at the last AGM.

No better contact than personal contact and I dont mean the phone.

goldfinger - 06 Feb 2007 10:59 - 83 of 459

A little profit taking today.

stockdog - 06 Feb 2007 12:57 - 84 of 459

good but, I am afraid, dumb - just noticed I posted your post on the SHOW thread in stead of the MYH thread - duhhh! However, someone else has now put much the same in the right place.

A single sell of 10k on AIM - have not looked on PLUS - so not a mad rush for the exits. Relaxed whilst waiting for a trading update end of March (but will noto object to news of further acquisitions or similar before then!).

goldfinger - 06 Feb 2007 13:15 - 85 of 459

Many thanks SD, very much appreciated.

I just need a different ISP and Ill be back there.

Iankn73 - 06 Feb 2007 15:21 - 86 of 459

Hi gf, Or you could use Proxy servers to mask your ip address and carry on posting after you set up another account on ADVFN.

http://www.privoxy.org/
http://tor.eff.org/

goldfinger - 06 Feb 2007 15:28 - 87 of 459

Many thanks for that Ian I didnt know you could do that I thought you had to get a new ISP provider.

Will take action.
Cheers.

Iankn73 - 06 Feb 2007 15:31 - 88 of 459

Anytime gf, Just glad I could help out a fellow investor!

Iankn73 - 06 Feb 2007 15:36 - 89 of 459

Hi gf,

I also meant to include this link:

http://vidalia-project.net/index.php

as this icorporates both Privoxy and Tor applications and has the latest updated builds.

Good luck,

Ian

goldfinger - 06 Feb 2007 16:01 - 90 of 459

Thanks again Ian.

goldfinger - 09 Feb 2007 13:01 - 91 of 459

I think thats a newe high, if not it cant be far off. Not long now before an upgrade in earnings.

Greyhound - 12 Feb 2007 09:09 - 92 of 459

Well it's a new high now

AUGUSTMAN - 12 Feb 2007 09:16 - 93 of 459

Yep just bought a few more - i believe there is a closed investors meeting tommorrow at which some of the financials going forward are to be outlined. Hopefully there might be some news re: an acquisition or two, but this is purely speculation on my part. The timing looks right for the company to start communicating its plans for the next year. This is why the recent trading update said very little financially imho - correct communication and all that. dyor

AM

goldfinger - 12 Feb 2007 09:56 - 94 of 459

I bet Winnie tips this one on his main t1ps.com site.

Greyhound - 12 Feb 2007 11:02 - 95 of 459

Getting marked higher on miniscule volume.

goldfinger - 12 Feb 2007 23:01 - 96 of 459

Brokers meeting tommorow.

Hopefully we will have more news and some figures to work with.

silvermede - 13 Feb 2007 07:41 - 97 of 459

Winnie says he is working on 2 new tips due out on Thursday

goldfinger - 13 Feb 2007 08:33 - 98 of 459

Could be one of them as long as it doesnt boom over the next few days.

Thinking of adding a new tranche.

goldfinger - 14 Feb 2007 09:12 - 99 of 459

Something in the air?.

Hopefully we should get Broker upgrades very soon and perhaphs a little more.
Register now or login to post to this thread.