Myhome Share Discussion Threads

[mikey_b] 07/7/2008 16:05

reinstate a divi means they are going to give away some of their value to the shareholders, reducing the value of the company and corresponding fall in share prise of course.

[gsands] 07/7/2008 16:00

Buying in now, when everyone is panicking, makes a lot of sense, particularly once the company have got through this restructuring phase and have got steady income streams.

Why? Because this is the point at which the company will likley reinstate the divi. This should result in an immediate re-rating of the stock.

If the company can then slowly grow earnings (organically) and the divi, the share price should stabalise and the company should follow a nice exponential growth curve.

[lgpixels] 07/7/2008 15:41

Take out the exceptional costs in the results, the company still looks set for profitable growth in the years to come. EPS next year should be around 3p, so the company should be value around 30p. 50 new franchisees in the first 3 months of the quarter, should mean at least 150+ for the full year!

[u813061] 07/7/2008 14:47

martke

Wise words. The management has no credibility and the restructuring costs of office closures, redundancies have yet to be paid in cash so the overall cash position of the company is unclear.

[love it] 07/7/2008 13:29

L2 up for holders 3 bid 1 offer now next offer 11p with one mm on it next offer 12p hope that helps. The 23k buy did it followed by 10k

[love it] 07/7/2008 13:08

L2 up for holders 3 bid 1 offer now next offer 11p with one mm on it next offer 12p hope that helps. The 23k buy did it followed by 10k

[gsands] 07/7/2008 12:59

Considering that MYH has to train and start up each new franchisee as a successful business unit, I would have thought it undesirable to recruit too many new franchisees at once.

I would prefer that MYH take the slow road to growth. Not the rushed one.

i.e. recruit a manageable number of frachisees of the right calibre (this is important) and make sure they succeed.

I don't know what their target was for the full year, but I would have thought that anything in excess of 200 (16 a month) would be too ambitious and leave the company at risk of franchise failures - exactly what you DON'T want when you are trying to build a brand.

[gsands] 07/7/2008 12:53

DonaF,

LOL!!!!!!

[mikey_b] 07/7/2008 11:33

and :with a £2000 excess its cheaper the get chipsaway in than a going via the leasing company?

[donaferentes] 07/7/2008 10:45

try "inevitable". I must say I thought Petersmith had inveeted a new piece of engineering with his Invita Valve, bit no such luck.

[argy2] 07/7/2008 09:52

Yes...buy MYH as the ones I have have fallen in value and I can't afford to buy more.

[mikey_b] 07/7/2008 09:32

wise martke.

Can someone translate this into English:

petersmith6 - 6 Jul'08 - 12:25 - 519 of 520

i think myhome should be targeting the office /comercial side more. the company i now work for runs 1200 cars and vans with the invitatalve bump and ding.with a £2000 excess its cheaper the get chipsaway in than a going via the leasing company. ill buy some more when i can dig up some more funds.

[martke] 06/7/2008 20:17

"31.3.08. LONDON (Thomson Financial) - Myhome ticked up 1 to 17-1/2 pence as the
franchiser for home services said it anticipates that results for the full year
will be significantly ahead of last year."

"30.6.08. LONDON (Thomson Financial) - Myhome International Plc. swung to a first-half
pretax loss and said it expects turnover and profits for the full year to
end-September to be "materially below" current market expectations."

In this 3 month period there was no mention of the costs involved with closing two offices or the redundancy costs.

I still think the business model could work and the shares look cheap, however I have sold out as I do not trust the management or the forecast earnings.
From experince, cheap companies with poor management have a habit of becoming cheaper.Also the debt is high compared to the turnover and actual profit.

[martke] 06/7/2008 20:17

"31.3.08. LONDON (Thomson Financial) - Myhome ticked up 1 to 17-1/2 pence as the
franchiser for home services said it anticipates that results for the full year
will be significantly ahead of last year."

"30.6.08. LONDON (Thomson Financial) - Myhome International Plc. swung to a first-half
pretax loss and said it expects turnover and profits for the full year to
end-September to be "materially below" current market expectations."

In this 3 month period there was no mention of the costs involved with closing two offices or the redundancy costs.

I still think the business model could work and the shares look cheap, however I have sold out as I do not trust the management or the forecast earnings.
From experince, cheap companies with poor management have a habit of becoming cheaper.Also the debt is high compared to the turnover and actual profit.

[petersmith6] 06/7/2008 12:25

i think myhome should be targeting the office /comercial side more. the company i now work for runs 1200 cars and vans with the invitatalve bump and ding.with a £2000 excess its cheaper the get chipsaway in than a going via the leasing company. ill buy some more when i can dig up some more funds.

[mikey_b] 04/7/2008 10:38

connor, where are MYH pulling in leads for the franchisees? I only see initial marketing blitz/launch provided then telephone support by an 0845 type number where they take bookings the franchisee finds.

Nowhere are MYH active in getting leads other than the initial advertising at launch.

Equipment - buckets and cleaning gear. Transport. Where's the difficult bit?
Brand - not sure how useful this is. A cleaner is a cleaner. Look in yellow pages or word of mouth equally.

Try running a spreadsheet of how much business you need to make it worth employing more staff and running another vehicle. If you don't expand you're doomed. If you do you are in debt for years. I just can't see it as a useful franchise. The quality of the franchisees on the website surprises me, you think the backgrounds would indicate either someone who knows better or someone who was found out at previous job and had to go.

Just my thoughts. Not an attempt to trash MYH, just to understand better. On my analysis I decided to watch instead of invest. I mentioned sub-10p a good buy point, it seems we hit that. Good luck.

[argy2] 04/7/2008 10:17

I'm surprised Directors aren't buying at these prices.

[c0nn0r] 04/7/2008 09:48

mikey_b

If you set up a business from scratch, buying all the equipment you need and start your marketing from scratch, with a completely new brand - is it more or less likely to do the business than going with MYH?

MYH are pulling in leads all the time for their franchisees - do not underestimate the power of their marketing and how valuable these leads are in the early days for a new franchisee.

Everyone will struggle in a falling market, but this model will blossom in the good times.

[mikey_b] 04/7/2008 09:34

£5k

50 new franchises paying £29k to MTH may be taking on £24k of debt if they listen to the patter of the company - who will arrange that loan through NatWest for you.

How much business do you need to do to clear that debt? Lots
Will you go under in a falling market first? Probably

[master rsi] 04/7/2008 09:25

Nothing is happening on the trading front so far, after yesterday's small bounce, the market is not well today either ( FDTSE down 46 points ) and now lasting for some time.

[mikey_b] 04/7/2008 09:21

Do you know how much you need to get a myhome cleaning franchise?

[gsands] 04/7/2008 00:23

My research indicates this company is growing. I concede that the current economic climate might act as a drag on growth, but I am confident that the company is growing none the less.

Anyone who read the recent RNS would know this.

It stated that they had recruited 50 new franchisees in the last three months. This = growth.

They also stated that they hit a record number of customers (people paying for services) this year too. Again - growth.

Those two pieces of information clearly display growth.

Whether or not this is fast enough for the 'get rich quick' City brigade, I don't know. They're probably all too busy chasing oil and mining stocks.

Personally I would rather catch the beginning of a trend than the end of one.