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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.

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.

goldfinger - 14 Feb 2007 23:23 - 100 of 459

Nothing today but tommorow?, speculative but I think broker upgrades are very near.

Ive added a new tranche.

AUGUSTMAN - 15 Feb 2007 08:57 - 101 of 459

Early 'agreed' sales - share price moved back by MM's overnight. Looks like there may be some agreed purchasing to follow. Keep your eye on this one throughout the day.

AM

goldfinger - 15 Feb 2007 12:14 - 102 of 459

Yes just noticed the sales on the aim market link. (rather than plus platform)

AM, do you think this could be the company Insiders and co making stock available to the market, ie, increasing liquidity?.

Ive noticed some large sales over the last few days.

It appears Winnie was refering to Luke Heron on whats Hot.com with 2 tips today (anyone a member?) so the inteligence report we received was probably flawed, good job nobody got shot........ LOL.

silvermede - 15 Feb 2007 13:36 - 103 of 459

Taken from t1ps.com Login Front Page:

WatsHot and t1ps will be serving up 2 RED HOT TIPS EACH on 15th February 2007 - It is 4 tip day!

So that is 2 tips from Luke H & 2 tips from Tom W: watching & waiting as nothing seen yet from Tom W. Will report back once published.

silvermede - 15 Feb 2007 14:57 - 104 of 459

Tip 1: AST - see AST thread.

AUGUSTMAN - 15 Feb 2007 17:18 - 105 of 459

GF - convinced about it - just got back from all day meeting with one of my 'educated' and 'well positioned' financier contacts. Apparently there are a lot of eyes on this stock at present from institutional investors within his circle, there is a question of timing though. I believe the board are being fairly cautious, because of this interest, and are keen that the SP growth is kept firmly in line with company development. Who are the house brokers - save me researching, as I'm typing this on the go. I personally believe that there may well be some organised dumping of stock to see what the initial demand is like post transfer. Interested in any one elses thoughts. Regards to all. DYOR.

AM.

silvermede - 15 Feb 2007 22:05 - 106 of 459

Tip No.2 is CTU so not MYH.

goldfinger - 15 Feb 2007 23:34 - 107 of 459

Cheers SM my appologies, it appears my inteligence report was flawed. Winnie as changed since the days I used to exchange banter with him. 2 stocks in one day, hmm he must be doing well now.

AM thanks for sharing that knowledge with us.

As far as I know these are the only ones which covered it on Ofex....

http://www.equitygrowth.co.uk/home

and

http://www.equitydevelopment.co.uk/research

Free to sign up I believe.

Im not sure what the new teams are after this meeting on tuesday, but Rivington Street is part of Winnies empire.

Stiill looking for the new projections and we were promised them this month in an earlier post up above.

Sorry to all about the shortness of the post but I have succumed to the flu virus in the last few days, and feel like Ive been dragged through a hedge backwards.

goldfinger - 18 Feb 2007 03:58 - 108 of 459

Sent out Friday evening by e-mail from Growth Equities And Company Research...

Myhome International*

Key Data
EPIC MYH
Share price 73.5p
Spread 72p - 75p
Market cap. 33.9 million pounds
12 month range 64.5p - 75p
Market AIM
Website www.myhomeplc.com
Sector Support Services
Contact Russell O' Connell
08450 668 866


Myhome continues to please its investors with further positive trading updates. On 1st February it stated that it is actively pursuing over 100 new applications from new franchisees which have developed from the recent British Franchise Exhibition in Manchester. Myhome also announced that it has purchased a 4000 sq ft freehold building in Esher, Surrey to include not only its IT, accounts, marketing, and franchise support operations but also a new call centre that will allow the group to cross sell across all of Myhomes operations further enhancing the companys complete offering.

Myhomes business model has already delivered stunning growth, with the core areas of house cleaning, car care and garden maintenance performing well according to budgets. Over the l 12 months to 31st December, the franchisee network has expanded hugely to around 300.

While organic growth has been the bedrock to the companys success, Myhome has not been afraid to make strategic acquisitions, and it is likely that there will be more corporate activity in the future. Earnings per share are expected to increase sharply this year yet the shares trade on a single digit current year multiple.

Our forecasts and recommendation are suspended pending the publication of a detailed note next month


driver - 19 Feb 2007 19:47 - 109 of 459

Trading Places have a Target of 110p for MYH.

http://demand.global-mix.net/?o=gmuk-stockmarket-vod/trading_places-190207.wmv&.wvx

AUGUSTMAN - 19 Feb 2007 22:57 - 110 of 459

Thanks Driver - enjoyed watching that on the train back north.

Interesting that Reed pitches at 1.20 for MYH over twelve months - that will leave it trading off a p/e of 10....mmm.

Word today is that this could be a very big share indeed, and is like a thoroughbred racehorse.....what do you mean AM??.

OK

A well bred idea.....proven stable (handlers).....considered progress, in line with physical development....brought along gradually through the classes, until group 1 is in sight...!!!

Whether that can be achieved depends on luck, and the stable remaining in good form.

Sorry chaps, I'm repeating an analogy that took place in my club late on - there's some considered support for this one, and some money ready to go in imho, but no real news as yet, but with this much interest and rumour (smoke no fire etc) the odds seem to be shortening.

DYOR.

AM.

goldfinger - 19 Feb 2007 23:44 - 111 of 459

Many thanks Driver, very exciting.

goldfinger - 19 Feb 2007 23:45 - 112 of 459

AM, I like your deep analysis theory.

chad - 20 Feb 2007 00:04 - 113 of 459

What's everyone think to the Galleon tip in trading places?

AUGUSTMAN - 20 Feb 2007 08:46 - 114 of 459

I liked it - results were out end of Jan, and shares have slipped back since then. Thought MD Stephen Green represented himself well. They have an important year ahead ad IMHO have 12 months cash onboard, some good brands, but need to make it happen now.

AM

Madelin - 20 Feb 2007 18:37 - 115 of 459

Goldfinger , I have read most of your MYH threads with some interest. I wondered if you had any idea of the proportions that the brands each contributed to the profitability ?

goldfinger - 21 Feb 2007 00:10 - 116 of 459

Hi madelin, you should find your answer on the old thread.

Here..

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10149#lastread

Ive had a look on plus markets but when MYH moved from Ofex to AIM they have removed all the old news track history.

I would start at the last but one results. I think you will find your answer there.

Biscuit - 21 Feb 2007 16:22 - 117 of 459

Large Broker trade just gone through.

Biscuit - 21 Feb 2007 16:31 - 118 of 459

...and a cross-trade. I wonder if we'll get an RNS, those quantities are over 3% of the share capital, unless they're going to different people!
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