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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.

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.

goldfinger - 14 Dec 2006 10:43 - 110 of 125

On the move north again.

goldfinger - 18 Dec 2006 08:03 - 111 of 125

DAILY EXPRESS today...

Investment Extra: Looking back on 2006's respectable gains

AIM Market: The Media Buzz - MyHome International

Anybody have a copy?.

Iankn73 - 18 Dec 2006 20:48 - 112 of 125

For anyone who may have missed todays Daily Express:

silvermede - 19 Dec 2006 08:48 - 113 of 125

Positive write up & great publicity, story needs to be picked up by other national press now.
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