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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Myhome | LSE:MYH | London | Ordinary Share | GB0031249856 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
04/9/2008 00:22 | yup I think T1ps got a fair bit of "research" and possibly "PR" fees on this one through their associate companies... but that is usually the case with their tips.... Slap | slapdash | |
03/9/2008 22:36 | A perfect example of the T1ps.con machine in action. | stegrego | |
03/9/2008 22:28 | I remember Nigel Wray once saying this was the nearest thing you could get to a Blue Chip stock on AIM. Glad i didn't listen to him! | someuwin | |
03/9/2008 21:32 | Sense will say that this business model won't survive during a economic downturn. To suggest otherwise is optomistic nonsense. | robhammers | |
03/9/2008 21:22 | MD - Bought at 6p when on Ofex, sold 80% at between 90 and 100p and 20% at 5p, but that's irrelevant now. As I said, it's a shame to see all this go pear shaped. | topvest | |
03/9/2008 21:17 | It had massive net current liabilities - not exactly prudent in the biggest credit crunch for 20/30 years. | topvest | |
03/9/2008 21:13 | GSands, I did warn you that this was running out of money after the results a few months back, but you wouldn't have it. | techmark | |
03/9/2008 20:14 | knowsleyman - 1 Sep'08 - 20:33 - 2959 of 2973 The ones I feel sorry for are the locked in vendors of Chips Away. They were very good at shafting the greedy management of MYH on price and have, it would appear, finished up being the ones shatfted. This debacle has been on the cards since the management started paying over the odds for nothing business on the conceited thought that they could turn them into a gravy train, that is BEFORE the Chips away purchase. ____________________ Erinaceous (ERG) revisited. Another outfit involved in franchising and deferred consideration. And plenty more companies still to go to the wall which 'overpaid' for acquisitions funded by debt. Two points though: 1 Why would these outfits overpay? Did all of the proceeds remain with the vendors? 2 What sane vendor would agree to deferred consideration, knowing, as they must have, that MYH was on an overpaying spree which had to end? | esrimeur | |
03/9/2008 19:57 | Well I don't think the major investors have been led anywhere; they must have known the risks involved. They must also be very upset at losing so much money. It appears that all the big name investors with interests over 3% have lost 100% of their investment. Even Nigel Wray must have lost £4m or so. I saw the signs about a year ago that things were going out of control (trade debtors were not getting paid) and sold; the astute investors got out then for a very nice profit. It did amaze me that none of the large investors tried to place some of their shares at the top, but they may have been locked in following the AIM listing. Anyway it's a real shame - bottom line is that the Chips Away deal was one deal too far and they should have funded solely by equity. If you take on debt and things go wrong then shareholder value disappears. | topvest | |
03/9/2008 19:48 | MYH is the perfect example of bad management failing to do the job properly in very harsh credit markets. Nigel Wray, Mark Slater and all shareholders have been misled down the garden path and put out by the cleaners! Yet another AIM listed disaster with plenty more to come me thinks. | barn owl | |
03/9/2008 19:05 | Get real - it's the end! Myhome was a good concept, but poor financial controls and an over-optimistic buying frenzy last year has led to its very quick demise. It bought too many businesses too quickly and seemed to have a cash collection problem on sale of franchises which was never properly resolved. I am really disappointed that it ended like this. OK I 12-bagged on my original investment, but it's a shame to see it all end like this for investors that could get out / left it too late. In these difficult times, it is a lesson to all investors to study financials, cash flow and balance sheets. As I have previously flagged, last year's accounts didn't seem right to me and had a £2m error / hole which I certainly couldn't reconcile. We will never know in the end how things turned out as I suspect Myhome will never prepare another set of accounts. No doubt someone will buy this business from Lloyds for a knock-down price and carry on, but they will need to move quickly to ensure that franchisees don't walk. | topvest | |
03/9/2008 19:02 | Myhome was a good concept, but poor financial controls and an over-optimistic buying frenzy last year has led to its very quick demise. It bought too many businesses too quickly and seemed to have a cash collection problem on sale of franchises which was never properly resolved. I am really disappointed that it ended like this. OK I 12-bagged on my original investment, but it's a shame to see it all end like this for investors that could get out / left it too late. In these difficult times, it is a lesson to all investors to study financials, cash flow and balance sheets. As I have previously flagged, last year's accounts didn't seem right to me and had a £2m error / hole which I certainly couldn't reconcile. We will never know in the end how things turned out as I suspect Myhome will never prepare another set of accounts. No doubt someone will buy this business from Lloyds for a knock-down price and carry on, but they will need to move quickly to ensure that franchisees don't walk. | topvest | |
03/9/2008 18:56 | this is good news imo - at least when they return they will have proper funding.,, could be in a year though! | mackdaddy | |
03/9/2008 18:50 | Once again apologies GSands - i was a week out this time... -------------------- Stegrego - 22 Jul'08 - 10:19 - 268 of 383 edit looks like my call of bust within 6 months was a bit optimistic. should have been bust within 2 months. apologies to Gsands for the error. | stegrego | |
03/9/2008 18:47 | Yes id say hes an idiot if he got took in by this lot | stegrego | |
03/9/2008 18:23 | It's odd that Lloyds feel compelled to call in the loan. Either they are acting like idiots, or the directors have been telling a pack of lies. Hopefully we shall work out which - and soon. | gsands | |
03/9/2008 18:07 | Oh dear - this is a real shame. The speed at which this growth story unwound is amazing. It's just a year ago that many of us were selling shares at a £1. Who would have thought it would have ended so quickly, particularly as they were thought to have a reasonably strong balance sheet. The writing has been on the wall for some weeks now. | topvest | |
03/9/2008 18:06 | egoi When did TW say to get out of this one? Remember him criticising management whilst admitting his own, and Wray's, ineptitude at missing important management failings. | argy2 | |
03/9/2008 18:03 | You sound more like that rselicker Whingerfrith by the day...wonder why? | argy2 | |
03/9/2008 17:51 | Stegrego, I am sure you are very smart. A lot smarter than 'idiot' investors like this one: | gsands |
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