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Myhome International plc
Myhome International plc is a national franchise group, headquartered in South-West London. Already a market leader in the rapidly growing sector of residential cleaning, Myhome has commenced its overseas expansion of the franchise offering through its first two master licence agreements, and has made acquisitions in the gardening services, oven cleaning and household refurbishment sectors.
Preliminary results and strategic review
Completed ChipsAway acquisition post year end
Business restructured into two profit centres
Rebranded for higher consumer profile
Launching magazine and internet portal
Fair value 80p per share vs current 35p
Major acquistion - now one of the largest franchisors in the UK
Proposed acquisition of ChipsAway Group
Acquisitions programme closing, focus on integration and consolidation
Management strengthened
Exciting prospects for myhome.com
Maiden dividend in year to September 2008
Medium term fair value seen at 147p/share
First AIM results show company well on track
- Profits up 166%
- Gross margins up to 85%
- Fair value target remains 100p per share
Myhome; Now established on AIM with further scope to grow
- The leading multi-brand franchise operator
- Successful step up to AIM
- Significant new strategic investors on board
- Strong management team further bolstered
- 100p/share achievable in near term vs 77p current
Myhome International: Review of a dramatic year
- Platform for growth established
- Expansion of group’s franchises ongoing
- Overseas master licenses
- AIM listing objective
- Scope for further share price gains – 80p / share revised target
