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MY HOME INTERNATIONAL PLC, Might Be Worth Getting In Before Move To Aim. (MYH)     

goldfinger - 01 Jul 2006 10:55

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.

Count Brass - 11 Dec 2006 15:52 - 90 of 125

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

goldfinger - 11 Dec 2006 16:22 - 91 of 125

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

goldfinger - 11 Dec 2006 16:30 - 92 of 125

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.

stockdog - 11 Dec 2006 22:53 - 93 of 125

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.

goldfinger - 12 Dec 2006 00:19 - 94 of 125

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.

goldfinger - 12 Dec 2006 00:23 - 95 of 125

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

goldfinger - 12 Dec 2006 09:19 - 96 of 125

Nice to see the price on the up again.

stockdog - 12 Dec 2006 09:38 - 97 of 125

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.

goldfinger - 12 Dec 2006 11:35 - 98 of 125

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.

Paulo2 - 12 Dec 2006 16:46 - 99 of 125

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

stockdog - 12 Dec 2006 16:57 - 100 of 125

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.

goldfinger - 13 Dec 2006 09:37 - 101 of 125

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

Biscuit - 13 Dec 2006 10:45 - 102 of 125

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

goldfinger - 13 Dec 2006 10:55 - 103 of 125

Yup it works both ways when you have a small free float like that, good job its a brilliant business.

goldfinger - 13 Dec 2006 11:04 - 104 of 125

Nudging up again.

Biscuit - 13 Dec 2006 11:19 - 105 of 125

Yes, looking at the PEG for current year expectations, it still looks very good value.

goldfinger - 13 Dec 2006 11:48 - 106 of 125

Yup and a new high, just hit.

goldfinger - 13 Dec 2006 12:18 - 107 of 125

Everyman and his dog buying in now.

Iankn73 - 13 Dec 2006 21:22 - 108 of 125

I'm so glad I bought into this a few months ago. Who knows where this will go when it floats on AIM 29th Dec. Cant come soon enough for me. This is certainly a long termer IMO.

goldfinger - 13 Dec 2006 23:34 - 109 of 125

Certainly is.
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