Myhome Share Discussion Threads

[marycurer] 05/6/2008 15:01

Very close now to my 17p target. You can thank me later for the advance warning on where this was going with such accuracy and eloquence

[mikey_b] 05/6/2008 14:52

still almost 11% down

[love it] 05/6/2008 14:49

2 buys just gone in. Only 15k but on this volume.

[happygolucky] 05/6/2008 14:46

MonkeyWench

A profit can be "significantly ahead of last year" and still be lower than initial forecasts. I understand that the initial profit forecast was 3.5m - if MYH made 2m, that would be a significant (33%) increase on the previous year, but clearly way below the original forecast.

Broker profit forecasts for MYH seem to be all over the place, some having been revised downwards and others unchanged. Suggests that the market doesn't really understand the business model and therefore is struggling to estimate effect of economic problems etc.

I think the market is being overly pessimistic (which is why I'm looking to get in), but the proof of the pudding will come when the results are announced.

All IMHO, DYOR etc.

Regards
HGL

[love it] 05/6/2008 14:45

yep

The volume is tiny.


Getting very interested now

[monkeywench] 05/6/2008 14:29

"brando69 - 5 Jun'08 - 10:36 - 15 of 28


well, just remember: profit warnings come in threes.

we've had two."


can you post details of these profit warnings, I still can't find them in any company releases.

The last words from the company were

"the Board looks forward with confidence to the second half of the financial year and, based on their current expectations, anticipates that the results for the full year will be significantly ahead of last year"


Looks to me as though they are predicting a profit.

It would seem disingenuous to call it a weather warning if a weather-reporter is predicting sunshine.

[knowing] 05/6/2008 14:25

Ahh to test the recent low to see if it is now support.

[brando69] 05/6/2008 14:19

if you were a chartist you would be looking to see it fall back to 15p and waiting for the RSI to drop to around 20

[love it] 05/6/2008 14:10

Sounds good.



Tiny volume today

[happygolucky] 05/6/2008 12:12

Against my all-or-nothing nature, but I'm looking to invest 1/3 of the total amount I'm looking to invest at current levels. That way, if it zooms up to 30p or more on good news, I haven't missed out completely; if it falls, I've still got most of my funds available to take advantage of a lower price.

All IMHO, DYOR etc.

Regards
HGL

[love it] 05/6/2008 11:57

This is getting tempting!

When IF it goes blue or good news have no chance at these prices but will it go lower?

[brando69] 05/6/2008 11:49

They were rampant with their ramping before. Okay for those who bought at 15p like GSands claimed to have done. But for those who they encouraged to jump onto their bandwagon as the price spiked up between 20p and 30p... there will be some people hurting now...

Profit warnings often come in threes...

MYH have had only two so far...

[mikey_b] 05/6/2008 11:46

CAVEAT: I only spoke about the home cleaning franchise aspect. There is a lot more obviously.

[mikey_b] 05/6/2008 11:04

They are signing up 2 a month. Very selective about who they take ie it's not a case of having a cheque book and buying in, you need to pass their vetting process.

Most franchises make the big bucks in sign ups, these are more interested in the royalties down the line two/three yr point they kick in. Anyone know what % of turnover is a royalty payment?

[love it] 05/6/2008 10:49

Agree to be in this is a massive gamble. Not one for the faint hearted. Big profits to be made or whacking losses. lol

Did not follow the last rally weeks back missed out why did that happen?


As I said still on the side lines

[monkeywench] 05/6/2008 10:48

can you post details of these profit warnings, I can't find them in any company releases.

Ther last words from the company were

"the Board looks forward with confidence to the second half of the financial year and, based on their current expectations, anticipates that the results for the full year will be significantly ahead of last year"

[c0nn0r] 05/6/2008 10:45

Results are due out very soon and info could have leaked. Be careful.

DYOR

[love it] 05/6/2008 10:43

That's a educated way of looking at it profit warnings come in threes. You maybe right but this has dropped a very long way.


I don't know just sitting on the side lines. some one sold 40K at 18.5p when the bid was 18.25. Could it be a buy?

All trades today are on plus. Tiny volume.

Only a few weeks back they where buying in the millions. Nothing changed here except unloved. Watching and waiting.

[petersmith6] 05/6/2008 10:42

the phrase bad results can have sooo many meanings. supose they said " we expect to sign up 1000000 new franchise" and they only managed 1000 in theory thats a bad reuslt.But 1000 better than no extra fanchise so it not real a bad result just nt what they hoped for.now if they made a LOSS now thats a bad result to me.so becarefull with leaked info..its a great way to fill an order with cheap panic sold shares

[mikey_b] 05/6/2008 10:42

profit warnings come in threes? so every company that has a profit warning will have 2 more. ok.

[knowsleyman] 05/6/2008 10:41

Gsands is very quiet now the price has fallen, again, and it would appear that that Scottish? idiot Mackdaddy has retreated to his cave in the highlands to lick his wounds.

[c0nn0r] 05/6/2008 10:39

This is one of those occasions where maybe it is wiser to wait for results - and then decide. Yes you may miss the first part of the rise, but there is plenty of upside on this. Buy now, and if the news is not good - you could lose 25% easy.

[brando69] 05/6/2008 10:36

well, just remember: profit warnings come in threes.

we've had two.


maybe people buying now will have a long term bargain... but i think they will have to wait a long time, and i also think it has further to fall back.

buying at 20p and seeing your holding fall back to 15p, which i think will be the next critical resistance level found again in the not too distant, would be galling.

[mikey_b] 05/6/2008 10:36

love it. thanks. I looked at this thread, looked at the company, just spent 30 mins on the phone with one of the honchos and now I am confused.....do I invest or buy a franchise or both?

No probs with this one at all.

[knowing] 05/6/2008 10:27

A leak of bad results? Who knows with stocks these days !!!