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.

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.

GF - by all means feel free to spread the word. Just re-read what I wrote - slightly scatter-gun, random selection, but it gives the flavour and two RNS's have now superseded it.

Much play was made by RO of the expertise that NW and SH will bring apart from their cash. NW first visited RO's office some 3 years ago and it's taken till now for NW to get round to inviting himself in and the deal with the warrants the directors say was the best they could obtain and are very happy with it.

"John" kept needling them about what their plans were for the cash from a very supportive position (I'm still in an dif I did not support you I would be out kind of talk). Acquisition of new brands (plumbing etc listed in the accounts) plus no need to make decisions only on cashflow, as I've said. He gave an impression that he liked asking questions from a position of power as much as wanting the answers I felt a little.

Insti was also quite prickly, but I can;;t really reacll his questions, just more of the same concerns about NW/SH and the future of the business which RO had little difficulty answering.

Small detail - as I entered the room, RO made straight for me and greeted me very affably - nice to see a pretence of talking shareholders seriosly and poiltely. He's a likeable guy you could have a drink with with a slightly messaianic vision of franchising and sellling - all very good.

I can see that RO wants to be exec chair - ex chairman is a very much lesser personality - efficient and knowledgeable, but not a driver of a business in the same vein I felt. Just need to keep an eye on RO being effectively Chair and CEO. But his shareholding is a good size without being controllling, so his interests should be similar to ours, although (funnily enough) PI's never seem to get the breaks whhen it comes to bonuses and share options!

Interestingly, being such a small meeting they spotted I was not on the share register (having a nominee holding) immediately, but allowed me in as a guest. Seemed to be quite OK with me asking questions though. Very open discussion generally. Being in s a close period technically (until RNS release of accounts 1/2 hour later) there were quite a few items in the accounts not revealed - like options granted etc.

Apart from organic growth in UK (when Domino's was properly capitalised they had the funds to grow turnover per franchisee from 3k per week to 10k per week for example - TV campaigns etc) and finding the next 5 brands to make a set of 10 (I think most likely) they will be focusingon master franchises abroad - like the single brand to Oz worth 4m pa after 3 years build up - v. significant with no risk and minimal costs other than set up year 1. They can still sell 3 of the other 4 brands into Oz and all of them into other territories.

Looking good for accelerating growth and low risk over the next 5 years or so. With a strong share price acquisition of new brands should always be earnings positive year 1.

General impression was positive for me. Was contemplating what to sell to top up on the way back in the cab, but never got round to it in the end.

Ive had another look and its a really excelent feed back from your good self. Spot on, excelent.

Im really upbeat.

I thankyou again must retire now as Ive got a bit of a cold/flu.

Sees ya later.

regards GF.

If I dont get back its because Im in bed with the lemsip.

Nice to see the price on the up again.

I'm also pretty upbeat. Can't wait for AIM listing so we get brokers' forecasts and other SP info on the main channels most of which ignore Ofex/Plus shares - except DigitalLook. This will considerably raise the profile and hopefully the SP, so acquisitions using company shares will be even better value.

Who was it who (sadly has died now I believe) was involved with MYH who had built a multi-company business by using shares not cash for acquisitions that were always earnings +ve year 1. Or was it RO who used to work with him - rambling, any ideas what I'm on about?

Am not overweight here, since I have all funds fully engaged elsewhere, but cannot see why I will not be holding my stake in 5 years time on this one when I would hope the SP to be somewhere near 5 X today's price as an order of magnitude. We'll see how hey go between now and then.

Yup I vaguely can remember who you are refering to but I cant just get it together this morning. I think its the sinutab tablets thats scrambling the brain.

Yup a long termer for me aswell, I keep adding and adding.

Ibeleive its a fantastic company and as you say the next 6 weeks or so should be bliss.

sees ya later.

AIM
12 December 2006


ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Myhome International plc

COMPANY ADDRESS:
119 Richmond Road , Kingston Upon Thames, London

COMPANY POSTCODE:
KT2 5BX

COUNTRY OF INCORPORATION:
England And Wales

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:


Myhome International plc is a multi-product multi-branded franchise operator, specialising in the provision of
premium residential services, with a franchisee network of over 250 outlets.



It currently provides four key residential services: cleaning, garden maintenance, kitchen/bathroom resurfacing,
specialist oven cleaning and car valeting services via the group's Myhome Clean, Nicenstripy, Surface Doctor,
Oven Clean and Autosheen options respectively.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury shares):

46,240,853 Ordinary Shares of 5 pence each

CAPITAL TO BE RAISED ON ADMISSION:
NIL

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Russell O'Connell (Executive Chairman)
Simon Laird McNeill-Ritchie (Director)
George Robert Boot (Non-Executive Director)
Arif Badrudin Virani (Non-Executive Director)
Jonathan Maxwell Jenkins (Proposed Director)
Martin Gerard Ward (Proposed Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:


Prior Admission Post Admission

Nigel William Wray - 14.87%
JM Finn Nominees 13.41% 10.04%
Russell O'Connell 12.66% 11.88%
Starvest plc 9.53% 7.14%
BNY (OCS) Nominees Limited 7.31% 5.48%
Stephen Glen Hemsley - 5.41%
Rathbone Nominees Limited 6.80% 5.09%
TD Waterhouse Nominees 5.34% 4.00%
HSBC Global Custody Nominee (UK) Limited 5.05% 3.78%
Franchise Investment Strategies plc 4.69% 3.51%
Sarah Meong Yee 4.33% 3.24%
Pershing Keen Nominees 4.02% 3.01%
Unilever UK Holdings Limited 3.18% 2.38%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A

ANTICIPATED ACCOUNTING REFERENCE DATE:
30 September 2006

EXPECTED ADMISSION DATE:
29 December 2006

NAME AND ADDRESS OF NOMINATED ADVISER:
Noble & Company Limited, 76 George Street, Edinburgh, EH2 3BU

NAME AND ADDRESS OF BROKER:
Noble & Company Limited, 120 Old Broad Street, London, EC2N 1AR

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
Noble & Company Limited, 120 Old Broad Street, London, EC2N 1AR

DATE OF NOTIFICATION:
12 December 2006

79.83% held be major interests, leaves 20.17% free float. It won't be that easy to trade in and out of these which is good for us long term holders. Also volatility should be at a low level, since I don't see any of thes abpve trading on these. That just leaves a nice steady climb to 3 or thereabouts over the next 3-5 years, IMHO. Very nice.

Mind you. watch out for bailers when they reach their target. If fundamentals remain intact buy on the dip. If they have a valid reason follow them out.

20.17% free float, rather interesting. The price could head a lot higher than I originally thought.

Yes, large demand would cause sharp price movements, unless existing holders are willing to sell down.