This share has taken off over recent weeks. The management has transformed the company. Offshore Telecom presents an exciting opportunity. Rival BBs are very active on this share. It is time for MoneyAM BBs to join in the fun.


Offshore Telecom Plc

KEY NEW ORDER SIGNED WITH XCHANGEPOINT

Offshore Telecom Plc ("Offshore Telecom") announces that its principal operating subsidiary, Matrix Network Solutions ("Matrix") has received a letter of intent from XchangePoint Europe Ltd. ("XchangePoint") for orders which are expected to generate revenues of 500,000 over the next two years.

XchangePoint is a leading provider of metro-area internet interconnect services. It offers its customers an extensive range of services that enables them to balance their peering, transit and access requirements through a single connection on the XchangePoint platform. XchangePoint currently operates mainly in London and in Hamburg, Germany and is planning to expand its services into at least two additional major European Cities over the next two years.

At the outset, Matrix will provide outsourced network support services to assist XchangePoint in rolling out its services into mainland Europe. Matrix will also supply and install the communications networks and associated equipment for this expansion.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

Richard Almeida, CEO XchangePoint added:

"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

i don`t know much about this compnay but the ask and bid price is quite wide range.

any ppl have any idea?

ckmtang
I think there has been some overhang from CE placing. Screen spreads don't seem to reflect reality. Just been quoted .83p buy and .75p sell. Trust this will help.

This posting is from another BB:
cableguy..nice little bit or research... currently holding exactly 2 mill shares and still accumulating...as i said earlier Matrix is in an ever expanding area and i am not surprised that they have won significant contracts recently...

http://www.enorwood-adam.com/main.html

i like the website..esp the technology focus...if OST have signed Gov contracts we will be in for a very good time indeed and esp if they also move into the broadband market...

IP telephony - Convergence ..big big growth areas..cannot emphasize that enough..we shall see what OST have to offer..or should i say matrix!

http://www.ovum.com/go/content/c,377,40190

ovum are v.good analysts...services sector is a booming sector again.. and i think we will see OST climbing hopefully soon...

selling below 1p..not an option...

As this is a new thread on this BB server, thoughts from another BB:

From the 50% acquisition announcement re NATS:-

Michael Frank, Chairman, said:

"This deal will improve the quality and depth of our offering to the market and,critically, will give us control of our support operation. We expect this to become a major contributory factor to our future growth. Meanwhile, NATS is making excellent progress in its own right and we expect it to achieve a
substantial growth in turnover and to become profitable in the year to April
2004."

Imo, a pretty bold/confident statement re NATS to become profitable in the year to April 2004, this must have come from reading through their (nats') books and it also signifies to me that there is no intention/need of fundraising by nats- quite an attractive 'bolt-on' though it is 50%.
I seem to remember reading also (could be wrong though,again dyor) that the NATS directors actually held 84% of their company's share issue, so if this is the case, for them (OST) to get their 50% stake, then the directors of NATS would have had to hand over quite a chunk of their holding in that division.

If you haven't noticed this share before, now is the time to take note. Rival BBs are getting very excited about this share.

If you want to get in, be quick. The spread has just narrowed to .83p buy and .80 sell. MMs may be short of stock. Expect the price to rise soon

Hi agwood

Good thread and I liked the news that they put out. Have brought 100K shares and price has gone up 7% since buying.

Sounds like there will be more RNS's soon. Reading the first line of Ian Smiths comment.


Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

Good luck

Hi martin
Good to get your posting. I bought in a couple of days ago and could not understand why a thread had not been set up for OST on this BB. Rival BBs are full of postings so decided to get some discussion going here.
Good luck with your purchase. I bought 340,000 and have very high hopes for this one.

i also buy some as well today and hopefully get profit soon. hopfelly next week!

ckmtang
Well done. The price has been strengthening since 2.00pm. Lets hope this is an omen and we will see 2p next week. Good luck.

hopfelly 2p next week......

Good to see the buyers are still coming in. 2p next week is a strong possibility

If only.

Lets hope for some more announcements soon.

Good luck

Matrix has built a one million pipeline of business across all the sectors in which it operates. Its many customers include major 'blue chip' technology companies, business operating in formula 1 motor racing, sports car manufacturing and outsource servie contracting as well as a number of public sector entities including four educational institutions and two local authorities.
This encouraging progress by matrix means that, going forward the business is now based on profitable operation with significant opportunities for growth.
It's "All about Broadband Wireless"
Telecom outfits, battered from a three-year industry downturn, are pinning their recovery hopes on wireless broadband. It's one of the sector's bright spots -- the wireless data market is growing at double-digit rates around the world
BW Online, 10/13/03, "For Telecom, Wireless Signals Hope"). Sean Maloney, general manager of the communications group at chip giant Intel (INTC), believes that the technology could shake up some business models, just as the Internet did when it first hit the mass market

10 November 2003
OFFSHORE TELECOM PLC. AQUISITION OF 50% INTEREST IN NORWOOD ADAM TECHNICAL SERVICES
Offshore Telecom Plc ('Offshore Telecom'), the supplier of high performance IT
network solutions to the public and private sectors in the UK through its
principal operating subsidiary, Matrix Network Solutions ('Matrix'), has
acquired a 50% interest in Norwood Adam Technical Services Limited ('NATS').
NATS was established in 2002 and offers a full range of technical support and
managed services. These include consultancy (pre-sales), 24x7 technical
assistance both on and off site with timed parts response and fully managed
voice, data and security services. NATS is accredited with key global equipment
manufacturers in the IT and telecoms sector. NATS has a close working
relationship with Matrix and the acquisition of a 50% interest in NATS will
further integrate Matrix's products and services.
Offshore Telecom has subscribed 100,000 in cash for new shares in NATS, giving
it 50% of the enlarged equity. This cash subscription will provide additional
working capital for NATS to increase its stocks of service spares needed to
support a growing volume of support contracts. NATS commenced trading on 1 May
2002. In its first year to 30 April 2003, NATS' turnover was 108,000 and the
loss after tax was 101,000. Net liabilities at 30 April 2003 were 101,000 but
included over 314,000 in deferred income (being invoiced sales in that year
relating to the current year and next year) on continuing support contracts.
The balance of the shares in NATS is held by Tony Weaver, Keith Berry, Manny
Pinon Martinez and Eddie Coombes. Tony Weaver and Keith Berry are shareholders
in Offshore Telecom, each holding 7.8%. Tony Weaver is also a director of
Matrix.
The directors consider, having consulted with Nabarro Wells & Co. Limited, the
nominated adviser to Offshore Telecom, that the terms of the transaction are
fair and reasonable insofar as its shareholders are concerned.
'Tony Weaver (aged 35) will become a director of Offshore Telecom upon completion of the transaction. Tony trained as an electronics engineer and has 18 years experience within the IT industry. In 1988 together with Keith Berry he formed what was to become the Norwood Adam group of companies. Norwood Adam provides data and telecommunications products though a reseller base to UK and European clients. Tony is the Managing Director of the Norwood Adam group.
Michael Frank, Chairman, said:'This deal will improve the quality and depth of our offering to the market and,critically, will give us control of our support operation. We expect this to become a major contributory factor to our future growth. Meanwhile, NATS is making excellent progress in its own right and we expect it to achieve a substantial growth in turnover and to become profitable in the year to April 2004.'

i also read this before. it seemed they got lots of cash.

Looks a good deal to me.

The buy price has just risen to 0.9p. Great stuff, eh!

hopefully it jump next week.

Well lets hope for a good week next week

Have a good weekend all

Martin and tang.
Good to have your postings. The more often the better. Need to bring this one to the attention of all those who want to get into something with prospects.

Looking forward to an exciting week ahead. Price moved up well this afternoon. 150K bought at the close for 0.95p. That 1p magic marker is in sight.
Have a good weekend and keep posting.

martin and agwoodisse:

have a good weekend hopefully 2p next week!

OST managed to get on the leaderboard as one of the best risers of the day. Up 10% at number 20. That magic 2 again.

i saw lot of buyer before closed

Just noticed that these shares hit 3.75p at their high. This was long before their current strategy kicked in.

ckmtang. So did I. Next week looks like fun times ahead.

ho;feully next week won`t make us diappointed.....

if it really hit 3.75p again then it will be great and smile.

There is no reason why they will not. Market cap is undemanding. New strategy is bringing in the business and Matrix have significant contracts that have yet to be announced.

have a good week....

Hi Guys. Just logged on. Looking forward to this week. Interest in this share is still growing. Small market cap. Company has been transformed. Two good purchases in Matrix and Norwood. Both profitable. Further contract announcements in the wings. Happy days!

XchangePoint has faith in Matrix. I suspect that Matrix will be adopted as OST's name in the near future. Reminds me of GXnetworks who became Pipex after GXN bought them. Matrix are well respected and should be good for the share price.
"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

Postings from another BB:

bergster56 - 17 Nov'03 - 14:08 - 756 of 758
why does this one rise 6% then fall back again?
Frustrating

grevis - 17 Nov'03 - 14:26 - 758 of 758 edit
bergster56: The price is behaving much as expected. OST since its recent transformation, is essentially a new company. The MMs will muck about with the share price until a decisive trend has been established.
Its current pattern is similar to that of Cybit a few months ago. Spreads all over the place as MMs tried to make hay whilst they could. 1p was tested several times before it broke free. Now they have been over 4p. Expect OST to do the same fairly soon.
Hold tight. I like the look of this share. Plenty of announcements expected

so what can I do????? hold in and wait... and be patient.

ckmtang
This share is going to rise sooner rather than later. This is a traders delight. The market cap is small compared to its competitors. The price is sub 1p and is set to double. Don't forget that this share was 3.75p not so long ago and yet it is now a much better company. It would not take much buying to set the price alight. Anyone who buys in at these levels will not be disappointed. The fun is just beginning.

From another BB

VERY QUICK - 18 Nov'03 - 10:15 - 765 of 778
Nice 1 mill buy gone through at 0.800p

cmlane - 18 Nov'03 - 10:25 - 766 of 778
VERY QUICK - Nice presentation of what looks like wild speculation as fact
How come you make this a buy when it's closer to the bid than the offer?
How come you know this to be a fact & not speculation?

cableguy00 - 18 Nov'03 - 10:27 - 767 of 778
Sure it was a buy? A bit cheap compared to the indicated offer and mid.
Doesn't really matter anyway 'cos even if it were a sell, it shows someone offering over the indicated bid for their shares.
VQ - did you buy any yet ?

cmlane - 18 Nov'03 - 10:34 - 768 of 778
worth repeating ...
deals at the bid tend to be sells
deals at the offer tend to be buys
deals at the mid-price tend to be what you want them to be

VERY QUICK - 18 Nov'03 - 10:38 - 769 of 778
Cableguy00: Hold 250k at 0.780p

starsiva6 - 18 Nov'03 - 10:43 - 770 of 778
Guys, I am telling you, Just hold this tight. Price will go over the roof soon like CYH. I promise.

yorgi - 18 Nov'03 - 11:22 - 776 of 778
Insideryou,

First I will declare my interest I hold over 250k of OST.
I would agree with your analysis, and buy or sell at prices showing it looks promising.
David

yorgi - 18 Nov'03 - 11:25 - 777 of 778
If one om my other investments reaches the target I am looking for I will release funds to buy some more at these levels.

grevis - 18 Nov'03 - 11:31 - 778 of 778 edit
Hi Guys. Good to see you are still enjoying his thread. That 1 million trade is intriguing. Quotes end of yesterday and this AM, 0.77p sell and 0.90p buy.
Whatever, bodes well for this share. It was steady as a rock yesterday despite the sell off of other gogo shares. Seems as though loose holders have been shaken out. Price should start to rise from here. Should be getting news about that "number of significant new contracts won by Matrix in recent months."

A nice 1 million buy has just gone through.

Down 6% on no trades, MM's messing about?

i also wonder why it drop a lot.

Well its only money. Down 9.3% now

Or maybe something is brewing............

Hi Guys. Well it's all buys right now and the price is creeping back up. Think the MMs were simply shaking the tree first thing this AM. Perhaps they are aware of an impending announcement and are endeavouring to pick up as much stock as they can. Does anyone know who the MMs are for this share

Slightly drop today

Just back logged on. Good recovery. Price is up 3.10%

Just had a look at the trades. Almost all buys, spoiled by just one solitary sell. Looking good.

From another BB

grevis - 19 Nov'03 - 11:52 - 820 of 871 edit
It's about time the MMs stopped mucking about with the spreads on OST. Their greed is keeping volumes down. Interest is growing in this stock but some buyers are put off by outlandish bid to offer spreads. Wake up MMs, you would gain more by a rising price than by your silly antics.

bergster56 - 19 Nov'03 - 14:07 - 821 of 871
Whats MM mean?

the jabawoker - 19 Nov'03 - 14:26 - 822 of 871
mm buy of 500k just gone thru

the jabawoker - 19 Nov'03 - 14:27 - 823 of 871
im in this boys!!!!

davidcod - 19 Nov'03 - 14:32 - 824 of 871
bergster56: MM = Market Maker
A buy of 500,000 - they marked the price down this morning hoping to get some stock - NOPE didn't work - MM short of stock me finks!

cmlane - 19 Nov'03 - 14:33 - 825 of 871
bergster56 -
Market maker ... Shares are bought & sold using an auction system. City firms make the market by offering shares to buy and sell. The bid/offer spread that you see at ADVFN represent the highest bid and lowest offer available from this group of MMs.
The MMs make their money on the difference between bid and offer. MMs are often accused of having lots of underhand motives, and of manipulating the market against the interests of the customers on these boards.

davidcod - 19 Nov'03 - 14:36 - 826 of 871
bergster56- MM are NOT your friend

the jabawoker - 19 Nov'03 - 14:43 - 827 of 871
mm- want to see you out of pocket

davidcod - 19 Nov'03 - 14:44 - 828 of 871
and were off.....

the jabawoker - 19 Nov'03 - 14:46 - 829 of 871
up again...they must be short, i think everyone knows this is going way over 2p very shortly

davidcod - 19 Nov'03 - 14:46 - 830 of 871
another MM buy - this time 100k. QUALITY!
desperately short of stock.... heavy buying volume and this baby could rocket

the jabawoker - 19 Nov'03 - 14:48 - 831 of 871
another mm buy, this is ready to blow big time

VERY QUICK - 19 Nov'03 - 14:52 - 832 of 871
OFFER NOW 0.900p BID 0.750p, Upwards and onwards to 1p once there never fall below this again. So MM's lets see wot you are made off???

VERY QUICK - 19 Nov'03 - 14:53 - 833 of 871
The Next THUS in the making lets go and rock and roll.

the jabawoker - 19 Nov'03 - 14:53 - 834 of 871
VQ: thus? really?

Argyle underclap - 19 Nov'03 - 14:56 - 835 of 871
ok boys and girls, i'm aboard for a little dabble. 75,000 at .85
could have got in a .775, but hey it's only money, and the trenf on this is north anyway so i'll soon be smiling imho

yorgi - 19 Nov'03 - 14:59 - 836 of 871
Gone for another 150k at .9p at 14:56........he who hesitates is lost. I should have moved earlier I guess my own fault. That was the maximum I could buy without TDW going to the MM.

davidcod - 19 Nov'03 - 15:00 - 837 of 871
0.75-0.90, now 2 bid 1 offer
SCAP moved onto BID
another tick up shortly...

SILIO - 19 Nov'03 - 15:14 - 838 of 871
Its blue, me thinks ost is about to rocket, I hope i'm right

Further postings from same BB:

safman - 19 Nov'03 - 16:34 - 863 of 871
i think this time just to give a reflection that MMs may be a little short..hence MM buying...

Argyle underclap - 19 Nov'03 - 16:39 - 867 of 871
JABA - i think the mm like they're arses whipped.
nice to see those delayed buys going through ealier. people in the know buying in.
chart suggests a hike north imho

the jabawoker - 19 Nov'03 - 16:40 - 868 of 871
Argyle
MM's like their arses whipped, an i be a master whipper!!
gonna practice tonight whipping some arses in prep for tomorrow, tomorrow be a big arse whipping day imho.

the jabawoker - 19 Nov'03 - 16:41 - 869 of 871
i do charts too, and my charts says this going to 2.5p very shortly

Masterthief - 19 Nov'03 - 16:53 - 871 of 871
This is a good story company, I bought in today, and others followed. Might be in short term but, I can see a longterm upside to this share. IP telephony [and as someone said earlier], Broadband are the magic bullets for this year/next year and OST have put themselves into the frame nicely.

I agree that a namechange to Matrix might well signify the start of something but, I would think there are other factors in play here. Being able to control ones costs on the support side is a big factor. In the event my other shares release some pressure I might well be building a worthwhile stake in this company.

The profits from this type of business are enormous and ongoing contract revenues would add considerable upside to the monthly income that is also part of such deals.. Anyone parting with their shares sub 3p will be doing themselves a big injustice IMO.

more from the other BB:

2004 The Year For Offshore Telecom (OST)

the jabawoker - 19 Nov'03 - 16:56 - 3 of 12
i can see upside , and plenty of it

Masterthief - 19 Nov'03 - 17:05 - 6 of 12
The month chart looks good

Argyle underclap - 19 Nov'03 - 17:05 - 7 of 12
Jaba - i practice arse whipiin on my cat.
You are right about the chart, a hike north does look likely - especailly wiht imminent name change and deal(s) to be announced v soon. reminds me of the CYC chart.

the jabawoker - 19 Nov'03 - 17:07 - 8 of 12
Argyle
not CYC , its CYH chart . no wonder you got the fecking CLAP. for fecks sake.

Argyle underclap - 19 Nov'03 - 17:08 - 9 of 12
well spotted jaba, of course i meant cyh, just checkin everyones alert.

the jabawoker - 19 Nov'03 - 17:10 - 10 of 12
u still got the deadly diseases. anyway back to business... roll on tomorrow for more hikes in prices and more MM buys. i like MM shitting themselves when they get caught short.

safman - 19 Nov'03 - 17:11 - 11 of 12
i think masterthief hit it there.. 2 really big growth areas of 2004..IP telephony / wireless broadband..these are massive.. mentioned before ..i have a collegue/friend that has started an IP telephony company..orders /interest is huge..this started about 2 months ago...
i would suggest esp for a startup services sector company..which really matrix is to take off..u only have to look at the acquisitions..they will be going places...

safman - 19 Nov'03 - 17:13 - 12 of 12
do note MMD do IP videoconferancing..expensive and NOT IP TEL...and NOT a BIG GROWTH AREA... If Matrix get it correct and exploit the market..then the share price will be history...

safman - 19 Nov'03 - 17:13 - 12 of 15
do note MMD do IP videoconferancing..expensive and NOT IP TEL...and NOT a BIG GROWTH AREA... If Matrix get it correct and exploit the market..then the share price will be history...

Masterthief - 19 Nov'03 - 17:16 - 13 of 15
safman, the build up to this has been going on since 1996 but, the market was not ready until this year. You have some pretty major companies currently hitting the world markets VERY HARD and I would expect the spin off from that to effect OST's shareprice and their market share will be on the back of the efforts of companies like Cisco and BT to name just two. The shareprice in BT is too low considering their current slice of this market which has both capital purchase revenues plus ongoing monthly income from broadband.

OST/Matrix could well be 10p by end of next year if they pull their fingers out and get some good customers.

Argyle underclap - 19 Nov'03 - 17:19 - 14 of 15
safman - agreed. wireless broadband is the next big thing.

Matrix should ahve a very plump piece of the pie. imminent deals should confrim this. imho

safman - 19 Nov'03 - 17:22 - 15 of 15
Masterthief .. iwas doing my MSc ..studying IP netorks..webcasting/intercast and broadcasting.. ( a nice little share called vtb).. in 96/97..a lot of stuff esp IP telephony / atm VOICE VIDEO DATA.. was really in its infancy..NOW, the KEY IS NOW.. it is having a look in...

IP TELEPHONY..is the rage big time...i will be getting IP Phones for my place soon.. why pay BT over the odds.. when all u really need to do is pay for broadband.. and free phonecalls ...

2004 will be significant in that area of growth..and about time too..

you'll see that it is all fitting together now..broadband ..ip tele... voice solutions...

AGWOODISSE - good to see you spreading the goodnews about this share. should be very exciting short & long term. imho

argyle:
Good to find you posting here. Your contributions will be greatly welcomed.
OST is looking good. Exciting times are ahead.

Argyle underclap - 19 Nov'03 - 17:25 - 16 of 37
masterthief - based on what i'm hearing in the city, all the signs are that this co are talking to the right customers,
Imminent deals should confrim this. imho

Masterthief - 19 Nov'03 - 17:37 - 18 of 37
By the end of next year 80% of SME's and global corps will have converted to IP telephony. BT are hogging bandwidth in an attempt to maintain its grip on market share and it is joining forces with Internet companies [Microsoft/Yahoo]to offer integrated content/solutions. OST has the benefit of this muscular oaf bumbling around attempting to control without the ability to deliver. This means companies like OST can offer competitive delivery and good aftersales service and what is more do it more cost effectively than BT.

How this price stays sub 1p I really don't know but, when I saw it this morning I immediately bought in. The newsflow is imminant and I know enough about the industry to know that this company has the wherewithall to make some serious money next year.

Even my broker likes this company.

safman - 19 Nov'03 - 17:42 - 19 of 37
i think there was a rumour..stressed as only a rumour that OST got involved with tiscilli broadband.. if that is the case then, an integrated solution will be on the cards...matrix will have to expand at the pace at which takeup is ...

i see good things happening here... ..

as for the services sector...

with their last aquisition...

"This deal will improve the quality and depth of our offering to the market and,
critically, will give us control of our support operation. We expect this to
become a major contributory factor to our future growth. Meanwhile, NATS is
making excellent progress in its own right and we expect it to achieve a
substantial growth in turnover and to become profitable in the year to April
2004."

substantial growth + turnover...hmmmm.. gets better does it not...this sector is only going one way..and that is up!!


Masterthief - 19 Nov'03 - 17:55 - 20 of 37
I'm buying more tomorrow!

safman - 19 Nov'03 - 18:06 - 21 of 37
don't expect too much..online quotes are limited...

Argyle underclap - 19 Nov'03 - 18:35 - 22 of 37
only 3 MM's on the go and selling in blocks of 50,000.
when i pushed them for 75,000 they made me feel like oliver asking for some more gruel.
They wanted to keep the shares 4 themselves.

F 13 - 19 Nov'03 - 18:55 - 23 of 37
im a long term holder. nice to see interst in this share finally snowballing. wireless broadband as has been statedby many on this board to be the next big thing. i think so too.

JABA and ARGYLE & HOOTSTER ETC have mentioned that they have heard big deals are to be announced very soon.

i admit to having recently been informed of the same information.

If this info is true, we are looking at 2p+ before chistmas.

F 13 - 19 Nov'03 - 18:57 - 24 of 37
argyle you are right about the chart i think. a upward hike looks inevitable.

F 13 - 19 Nov'03 - 19:01 - 25 of 37
what a double! 2p+ for ost before christmas and...
my beloved WALES to reach Euro 2004. come on!!

Masterthief - 19 Nov'03 - 19:04 - 26 of 37
OST 2p by Xmas Easy!! - Wales??? impossible !!!

F 13 - 19 Nov'03 - 20:22 - 27 of 37
lol - thank God i'm not a scot. not looking good for the jocks.

F 13 - 19 Nov'03 - 20:25 - 28 of 37
Masterthief how do you interpret your chart from earlier? It sends my eyes funny when i look at it.

the charts i study tell me the price should move north very soon. what your chart say

Masterthief - 19 Nov'03 - 20:44 - 29 of 37
Looking closely at the trend I believe we achieved a bottom today, the MM's tried to move it down, but the buyers wanted nothing of it. They, the buyers, have decided the direction of the shareprice is in the short term anyway - north!!! I think many of the people who currently own shares have a potential opt out in excess of 1p, probably closer to 1.5p so, a significant rise tomorrow will give way to profit taking. News however, will keep them aboard to the next level of 2.5p.

The trend is up, my friend and if your short term, you will miss the breakout which I think will occur above 2p. all IMO

the jabawoker - 19 Nov'03 - 20:47 - 30 of 37

Master- so u feel that huge upside from 2p??

Masterthief - 19 Nov'03 - 20:52 - 31 of 37
In the event that previous information regarding potential is realised [a big IF] then it is possible that with good newsflow [I'm not privy to the information coming through, but others seem to be] that the company will profit imnmensely from the groundwork of other larger organisations. I will over next few weeks study and research and if possible advise if anything positive/negative surfaces. so, yes I feel there is huge upside for this share and I know the market which is massive at the moment and will be in the ?billions over the next 4-5 years. Any company in this market and knowing what they are doing are going to make a big impression over the coming few years.

the jabawoker - 19 Nov'03 - 21:00 - 32 of 37
cheers master

HOOTSTER - 19 Nov'03 - 21:06 - 33 of 37
Looking Good ;-)))
Certainly alot lot Higher by Xmas as always DYOR ETC......
REGARDS THE HOOT................

the jabawoker - 19 Nov'03 - 21:11 - 34 of 37
im glad u in these hoots, does alot for my confidence.
with Safman in too, i know im onto a winner

safman - 19 Nov'03 - 22:19 - 35 of 37
thanks for the vote of confidence jab.. but before u buy DYR... never rely on bullitin boards..we will have to wait and see what OST deliver..but i am excited by the first contract 500K..and more on the way...

what will be interesting is if they get involved in the public sector for the technology.. the public sector will outgrow private sector by 30 times by 2005!!

that is certainly a reason to get excited about IF, a big IF..they are involved...

broadband is exciting.. i've wasted a lot of money in the past, but i think broadband is money well worth spent!.. 2004 is key ..so keep accumulating below a penny...+ magic u r right ..the money being spent in that area is massive..we need to see what OST can come up with..remember it still has to divest its satellite buisness..to concentrate fully on MATRIX..

good luck!

F 13 - 19 Nov'03 - 22:46 - 36 of 37
safman, i totally agree with your words of caution re dyor etc

lets remember though , the recent staement confirming other deals had been done and will be announced. should be soon.

F 13 - 19 Nov'03 - 22:50 - 37 of 37
when i look at the chart cant help but see it break 1.00 within the next few days. imho.

After yesterday's enthusiasm, cannot see this share staying at these levels for much longer!

Well we had a little dip today but beleive that this will go skywards soon.

Good luck all.

As always dyor

taken from another bb:

*****Hi all - througha reliable city contact i've been told to expect an rns on ost next week.

the rns will be for another contract win.

Looks like Ian smith (Offshore Telecom's Chief Operating Officer) was teling the truth when he stated 'This is the first announcement of a number of significant new contracts won by Matrix in recent months.'*****

The key is in the research...

Given that Ian Smith used to be the Sales Director of Foundry in the UK and that he is now heading up a Foundry integrator you don't think that he might have brought some of this business with him? Arguably he would still be leveraging a considerable amount of relationship and this will not last forever.

IMHO Only sustained growth will prove that ost will go anywhere.

It would be interesting to know exactly how many of the new contracts are Foundry..

charybdis. Interesting posting. News is news and I for one will welcome it with open arms. Is this the 'Foundry' you were talking about?

Foundry Networks, Inc. (NASDAQ: FDRY) is one of the world's leading next-generation networking companies. They provide end-to-end Global Ethernet and intelligent traffic-management solutions. Products include Internet routers, Layer 2/3 LAN switches, and Layer 4-7 web switches with integrated Internet traffic and content management.

Their products are performance led, wire-speed, non blocking architecture's provide an extremely scalable and capable network infrastructure. Many traditionally hardware based features have been integrated in ASIC's for hardware based delivery of data services. Currently they are the only manufacturer to offer a scalable and inexpensive IP billing solution and also have 95%+ of the 10 Gigabit Ethernet market worldwide. They also occupy the No. 1 position in the L4-7 switching market.

Foundry have more than 5000 customers worldwide, including the world's leading enterprises, Internet-based businesses, Education Establishments, Metro Area and Internet service providers and many other institutions.

Matrix Network Solutions are an integrator of Best of Breed business solutions, delivering the expertise to seamlessly evolve complex IT environments in an ever changing business landscape. Voice and data services have become the lifeblood of today's enterprise, with the ability to communicate with customers, suppliers and internally securely, key in delivering the flexibility required to operate efficiently, with a core focus on the two interrelated technology areas of:

Communications and networking infrastructure services ("Network Solutions")

Electronic commerce and security solutions

Hi all

Lets hope the wait is not too much longer.

Good luck

Hi Martin
I would expect announcements to be made in November and December. Should give the share price a good boost when they come. It is believed that we will get some news next week.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

charybdis: You seem pretty knowledgeable about this industry. Do you work for Foundry?

martincoops
It will be interesting to see what will happen to the share price at 2PM. The MMs seem to move the price one way or another at this time. With steady buying today, maybe the price will be hiked higher.

Hope so as it is my only stock not in the blue.

Cheers

Martin

martin. Trust you won't have to wait too long. Looking positive. Steady buying all day. Expecting announcements this month. Remember the price was once 3.75p and that was before OST reinvented itself.

it seemed they didn`t move a lot in the last few days.

ckmtang: I agree. Not much going on today. Still does not detract from their prospects. Activity will increase as further announcements are made. Think the name will soon be changed to Matrix. Logging on to Offshore's website immediately gets you transferred to Matrix.

About Offshore telecom plc
Together with our Matrix Network Solutions division, we integrate Best of Breed IT solutions to the desktop with full global connectivity via satellite between office locations, internal networks, suppliers and customers worldwide. Our emphasis is on detail, flexibility and quality of service, aiming to surpass the expectations of the most discerning and demanding of clients.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented on XchangePoint contract :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

martin. This is one of those shares that everyone should have a stake in. Wireless technology is the growth area of the industry. Just look at Vodafone in its infancy and now its a billion dollar business. OST is small fry at this stage and has massive potential. Its market cap is small, it has purchased two profitable operations and the orders are coming in. Once we get the announcement of those other significant contracts, the price will fly. Hold tight. The fun has not yet started.

Hi agwoodisse

OST going on a go slow at the moment but I expect people are waiting for the next announcment which should'nt be long.

I intend to add shortly after CWV slows down.

Cheers

Martin

More good news on wireless networks today from Datamonitor.

This from http://news.zdnet.co.uk/communications/networks/0,39020345,39118069,00.htm

"The public sector will play a leading role in driving the take-up of wireless networking over the next three years.

That's a key finding from the latest research from analyst group Datamonitor, which predicts strong growth for Europe's enterprise wireless local area network (LAN) market by 2006.

According to the report, wireless LANs will become much moreprevalent in both the education and healthcare sectors, as organisations attempt to make employees more productive and better connected."

Also this from http://www.onrec.com/content2/news.asp?ID=3253

"Revenues from deployment of WLAN in enterprise locations set to surpass $1.3 billion by 2006
24/11/2003

Wireless LANs (WLANs) deployed within enterprise locations enable laptop or PDA-carrying employees to access corporate network resources, potentially enabling significant improvements in productivity. According to a new report by independent market analysts Datamonitor (DTM.L), the prospects are healthy for vendors of WLAN equipment."

still holding..... but nothign really change? when will be rise again?

Matrix has built a one million pipeline of business across all the sectors in which it operates. Its many customers include major 'blue chip' technology companies, business operating in formula 1 motor racing, sports car manufacturing and outsource servie contracting as well as a number of public sector entities including four educational institutions and two local authorities.
This encouraging progress by matrix means that, going forward the business is now based on profitable operation with significant opportunities for growth.
It's "All about Broadband Wireless"
Telecom outfits, battered from a three-year industry downturn, are pinning their recovery hopes on wireless broadband. It's one of the sector's bright spots -- the wireless data market is growing at double-digit rates around the world
BW Online, 10/13/03, "For Telecom, Wireless Signals Hope"). Sean Maloney, general manager of the communications group at chip giant Intel (INTC), believes that the technology could shake up some business models, just as the Internet did when it first hit the mass market
From the 50% acquisition announcement re NATS:-Michael Frank, Chairman, said:
"This deal will improve the quality and depth of our offering to the market and,critically, will give us control of our support operation. We expect this to become a major contributory factor to our future growth. Meanwhile, NATS is making excellent progress in its own right and we expect it to achieve a
substantial growth in turnover and to become profitable in the year to April
2004."

just noted a little tick up. dosn't appear to be a buy, but could be a delayed buy - or mm playing with spread. either way still looking good for a short term gain . imo

not much move recently////

Morning ckmtang: Bit quiet I agree. Thought you would be interested in this posting from another BB:

cableguy00 - 1 Dec'03 - 09:28 - 222 of 229
Good Morning All,
Well, the last month of the year gets off to a fine start.
Mr Ian Smith himself (COO) was kind enough to answer my couple of questions, and let me tell you firstly that he’s a darn conscientious man as my first e-mail reply was sent to me on the weekend at 8am and just to clarify a minor point I replied back, to which he responded before 7.30am this morning. Excellent eh…
Before I post the text of my queries, Mr Smith has stated that he is happy to address correspondence from fellow shareholders but would prefer (naturally) not to be inundated.
To which end, may I offer that your queries can be passed through myself via this BB as a point of contact. Also, I’m sure everyone understands that he cannot tell us anything that may be considered to be ‘market sensitive’ which is (for the record) the case with his reply to me.
He is now also aware that we discuss OST/Matrix on ADVFN and is glad to see that they have a following in the company.
So, with that clarified, my next post contains a complete synopsis of our contact – see below.


cableguy00 - 1 Dec'03 - 09:28 - 223 of 229
Ok then, firstly I asked about "This is the first announcement of a number of significant new contracts won by Matrix in recent months.” Which was contained in the RNS of 2nd Oct 2003.
Mr Smith replied that they have a number of pending news releases as they have received verbal permission from the customers and they are now translating these to actual statements and case studies. These would be expected to be seen in the New Year.

Next I asked about the name being changed.
Mr Smith said that this was likely to happen at or about the same time as the release of the audited accounts and the AGM.

Now this is the best bit –
My last question was actually – “Finally, approximately when is it intended to release your end-of-year audited accounts for trading up to 31st Oct 2003 or is this more likely to be in April 2004 as last year's were in the same month.”
Mr Smith replied that they were pushing very hard to achieve this before the end of the year – 31 Dec 2003.
My personal opinion on this is that it would indeed be a big achievement to get their accounts tied up and released by then as the full year ended on 31 October and this would be only TWO months but I, for one, am happy if it’s a bit longer.

All in all, it appears to me that they’re working very hard. Furthermore they’re also looking forward to providing to shareholders increased communication of the company’s activity and appreciate our interest.

So there ye go – hope y’all have a good week
Kind Regards
Cableguy00

RNS Number:1797T
Offshore Telecom PLC
12 December 2003


FOR IMMEDIATE RELEASE 12 December 2003


Offshore Telecom Plc

ACQUISITION OF INTRINSIC NETWORKS FOR UP TO #2M
and
BOARD APPOINTMENT


Offshore Telecom Plc ("Offshore Telecom"), the supplier of high performance IT
network solutions to the public and private sectors in the UK through its
principal operating subsidiary, Matrix Network Solutions Limited ("Matrix"), has
acquired Intrinsic Networks Limited ("Intrinsic") for a consideration of up to
#2 million.

Established in September 2002 by Peter Drinkwater and Andy Mills, Intrinsic
Networks represents the next generation of Network Security Integrator,
providing integrated high performance networks security and application security
solutions to large corporate enterprise customers, mobile service providers,
financial service providers and various public sector organisations. Intrinsic
Networks has already built a significant 'blue chip' customer base, which
includes Vodafone and Yorkshire Water, amongst others.

Intrinsic Networks provides customers with a range of integrated network and
application security solutions, planning, consultancy, project management and
support services. Additionally, Intrinsic Networks has formed strategic
partnerships with a select group of US security manufacturers including
NetScreen, Fortinet, Sanctum, CipherTrust, BlueCoat and Cerberian.

Intrinsic Networks continues to be innovative in its dynamic approach to
providing leading edge security solutions.

Although historic audited financial information is not yet available, management
accounts for the period from commencement of trading until 30 November 2003 show
revenue of #761,000 and a profit before tax of #118,000. Net assets being
acquired are #174,000, including cash of #141,000. These results are drawn up
on accounting policies consistent with those of Offshore Telecom.

Offshore Telecom has paid an initial consideration of #600,000 of which #300,000
was paid in cash and #300,000 in new ordinary shares in Offshore Telecom
(37,500,000 shares at 0.8p). Subject to the achievement of agreed performance
targets, a further payment of #300,000 in cash and #300,000 in shares may be
made after 29 February 2004 and a final payment of #800,000 may be made in
shares after 31 October 2004. For each of the further payments the new shares
will be issued at 0.8p per share. In order for the vendors to receive the full
earn-out consideration, Intrinsic will need to achieve revenues of #1.8 million
and operating profits of #400,000 for the period from 1 December 2003 to 31
October 2004. The vendors have agreed to retain any Offshore Telecom shares
received as initial and earn-out consideration for at least one year from
receipt.


Peter Drinkwater (aged 39) has joined the board of Offshore Telecom following
completion of the acquisition. Peter has considerable experience within the IT
security systems market, having held senior sales and marketing positions with
NetScreen Technologies, Network Associates, 3 Com (UK), Bay Networks and Cray
Communications.


Michael Frank, Chairman, said :

"Intrinsic Networks complements Matrix's existing IT network sales and support
activities and takes the group more deeply into the arena of IT security - one
of the fastest growing segments of the market. A key benefit of the deal is the
excellent opportunity for cross-selling between the customer bases of both
Matrix and Intrinsic.

"This acquisition is in keeping with the group's strategy to build a high
performance integrator of leading edge technologies.

"We are now well on our way to building a rapidly growing and profitable IT
network and security business."


For further information please contact:

Michael Frank, Chairman Tel: 07802-787624
Ian Smith, Chief Operating Officer Tel: 07811-327054

Steve Liebmann, Bankside Consultants Tel : 07802-888159 / 020-7444-4163



Additional information relating to Peter James Drinkwater :

Current directorship : Intrinsic Network Solutions Ltd.

Former directorships within the last five years : none

No further disclosures are required in accordance with Schedule 2 (f) of the AIM
Rules.



This information is provided by RNS
The company news service from the London Stock Exchange
END

fingers xxd - 9Dec'03 - 00:35 - 304 of 368


... HI EVERYONE !! ... please excuse my intrusion.

I live across the road in the 'FAR2' thread, a 'house' full of 'chartists'. I have been asked for my thoughts on OST, and having just looked at its charts in detail, and posted my views, I thought it may be of interest to some who live here, so I have just 'popped across briefly' to push a copy through your 'letterbox'.

If you consider a 'chartists views' to be 'junk mail', then please feel free to ignore it, however, I would ask that you help 'keep Britain tidy', by discarding it in the bin .. thankyou .. ..........please use the purple scrollbar to view.


OST - 0.775p .. OFFSHORE TELECOM .. a bit of a 'tiddler', but I'll have a go.

Starting with its 'historical MONTHLY movement chart', the 'basement range' below 1.0p can be clearly seen ... Its 'mid range price is 0.5p', and above this level, it has a greater chance of achieving a breakout of the 'basement', and its been above the 'mid price' continuously for the last couple of months.

Monthly volume has been increasing over the last 5 mths, so the first signs are looking good.

Its 'key levels' appear at 0.5p intervals, and all of these will act as support when the price is above, and resistance as the price approaches from below.

Having been in its 'basement range' for 2 yrs, if it can achieve a breakout, this will be a significant achievement, and strong moves should follow.



Moving in closer, and looking at its 'WEEKLY movement' over the last couple of years, whilst it has been in the 'basement range', it can be seen that it has also put in place a strong 'core range' around the 'mid price', and the last few weeks has seen it move, and close, above this 'core range', which has only been seen on a couple of previous occasions during the last 2 yrs .. combined with the rising volume, and indicators lines in positive territory .. all the signals are starting to look very encouraging !!



Moving in still closer to its 'DAILY movement' over the last 3 mths, provides greater detail of what is happening now. It shows that last month, it did achieve an 'intraday breakout', and having 'popped its head above for a look around', doesn't appear to have frightened it, because since then, it has been using the top of the 'core range' as a support level, whilst its consolidates to build up its strength to try and break out.




SUMMARY

All the indications suggest to me that a breakout is imminent, and its just a matter of time. The only thing missing at the moment, is volume.

The indicators are showing signs of reversing upwards, so it is entering a 'positive period', and it can either use this period to attempt another breakout, or it could use it to hold its present level, and continue building up its strength for the breakout.

Beware of false 'intraday breakouts', such as last month, breakout confirmation will be obtained when it 'closes' above the 1.0p level, and as previously mentioned .. hold onto your hat, because some strong sharp moves may follow !!

I reckon it has some good potential.

As usual, just my thoughts .. I do not hold (yet), so it is an unbiased view.

... Feel free to 'pop over' and visit
sometime, all are made welcome.
.............................. Bye for now !! ........ ..

.

Looks like this one is going to move very soon.

MM's buying big time today and yesterday and at full price. Rumor is results due out on Friday and possible update/news.

DYOR

Martin

Do anyone know what happen it rise a lot today

Seems like people have got wind of this company. New broker, MM's buying and rumour that results tomorrow.

DYOR but looks good with a 22% rise today

OST now leading the top % gainers for the day..

Lets hope we will be there again tomorow if the results are out then as quoted on rival BB. (advfn)

Good luck all

Ended up 18.7% on the day and with more MM buying at the end. Results out tomorrow could see the same again.

DYOR

what will be the result tomorrow?

MM's still buying into this stock, up another 6% so far today.

More MM's buys again today.

Well another MM buy 1 million this time, results still not out so looks like Monday

As always DYOR have a good weekend all

Offshore Telecom PLC
19 January 2004


FOR IMMEDIATE RELEASE 19 January 2004



Offshore Telecom Plc
to be renamed
Matrix Communications Group plc

RESULTS FOR THE YEAR ENDED 31 OCTOBER 2003



Offshore Telecom Plc, the supplier of high performance IT network solutions to
the public and private sectors in the UK, has announced its unaudited results
for the year ended 31 October 2003.



Key points:

Business transformed into rapidly growing, profitable supplier of high
performance IT network solutions.

Name of group to be changed to Matrix Communications Group plc,
subject to shareholders' consent.

Ongoing Matrix business achieved an operating profit of 176,000 on
revenue of 1.3m since becoming part of the group on 29 April 2003.

The original satcom business incurred an operating loss of 401,000 on
turnover of 328,000 and has been closed.

Total group turnover was 1.7m (2002: 260,000). After one-off
charges, the loss before tax was 428,000 (2002: loss of 665,000) and the
loss per share was 0.06p (2002: loss of 0.29p).

Net cash at 31 October 2003 was 161,000 (2002: 3,000).

Since the year end, the business has been expanded by the acquisition
of a 50% interest in Norwood Adams Technical Services and the acquisition of
Intrinsic Networks.


On outlook, Michael Frank, Chairman, stated :

'The Matrix group is building a rapidly growing, profitable integrator of IT
networks. The recent acquisition of Intrinsic Networks takes us into IT
security systems - one of the fastest growing segments of the network market -
and our interest in Norwood Adam Technical Services secures our ability to
support our customers.



'Order intake in the current year has started strongly and we are in advanced
negotiations and trials on a number of substantial new business opportunities.
The group now has a clear sense of purpose and direction and expects to deliver
good results in the future.'



For further information please contact:
Michael Frank, Chairman Tel: 07802-787624
Ian Smith, Chief Operating Officer Tel: 07811-327054

Steve Liebmann, Bankside Consultants Tel : 07802-888159 / 020-7444-4163



CHAIRMAN'S STATEMENT


Introduction


During the year to 31 October 2003 the group was transformed through acquisition
into a supplier of high performance IT network solutions. The original
satellite communications activities ('satcom') have been discontinued.


Matrix Network Solutions Ltd. ('Matrix') therefore became the principal
operating company within the group following its acquisition at the end of April
2003. This business has established an excellent client base and has been
profitable since acquisition. Its activities have since been augmented by two
subsequent acquisitions.


Proposed change of name


To reflect the new direction of the group, it is proposed to seek shareholders'
approval to change its name to Matrix Communications Group plc. Once the change
in name has come into effect after the forthcoming Extraordinary General Meeting
(the EGM will take place immediately after the Annual General Meeting), the new
stock exchange code will be 'MXC'.


Group development


Matrix was acquired on 29 April 2003 for a consideration of 432 million new
ordinary shares, equating to a value of approximately 1.2 million based on the
share price immediately prior to the initial announcement in early April.



As a result of a review of activities and continuing losses within the original
satcom business, in July 2003 the board announced its decision to withdraw from
these activities. This process has been completed and the associated costs are
included in the results to 31 October 2003.



Since the end of the financial year, the ongoing core business of IT network
solutions has been augmented by two further acquisitions:



On 10 November 2003, the group subscribed 100,000 cash from existing
resources for a 50% interest in Norwood Adam Technical Services Ltd.
('NATS'). NATS delivers a full range of technical support and managed
services. These services form an integral part of Matrix's ability to
provide ongoing support to its customers.



NATS will be consolidated as a subsidiary within the group accounts in the
current year.



On 12 December 2003, Intrinsic Networks Ltd. ('Intrinsic') was
acquired for up to 2 million with an initial consideration of 600,000
split equally into cash and new ordinary shares. As a supplier of IT
security solutions and services, Intrinsic complements the existing Matrix
activities. The additional payments to the vendors of Intrinsic will depend
on the achievement of agreed performance targets. The cash element of each
payment is coming from existing resources.


Financial results


The results for the year to 31 October 2003 reflect the substantial changes
which have occurred during the year. The results for the first half year were
essentially those for the former satcom activities while the results for the
second half year reflect the contribution made by Matrix.



Within the headline turnover of 1.7 million (2002: 0.3 million), continuing
activities contributed 1.3 million - virtually all of which was represented by
Matrix's revenue during the second half year. The turnover attributable to the
discontinued satcom activities was 0.3 million, most of which arose in the
first half year.



In terms of operating profit/loss, the contrast is even more marked. Matrix has
been profitable since it started trading and achieved an operating profit of
261,000 in its first 9 months to 31 October 2003. In the period since Matrix
was acquired, it contributed an operating profit of 176,000 while discontinued
activities incurred an operating loss of 401,000 including one-off costs of
approximately 71,000 incurred in withdrawing from the original satcom
activities. Overall, the consolidated operating loss was 255,000 (2002: loss
of 586,000).


A charge of 174,000 (2002: 79,000) for diminution in the value of investment
represented the final withdrawal from the New Opportunities Investment Trust plc
scheme and is the difference between the carrying value and the eventual
realisation of 62,000. The consolidated loss before tax was 428,000 (2002:
loss of 665,000) and the loss per share was 0.06p (2002: loss of 0.29p).


The balance sheet has improved markedly during the course of the year with
year-end net cash of 161,000 (2002: 3,000) and shareholders' funds of 1.5
million (2002: 222,000). During the year, 501,000 was raised through the
issue of new equity.


The payment of a dividend for the year will not be proposed.


Strategy


Going forward, the strategy for the Matrix group will be clearly focussed on
building a rapidly growing, profitable IT network solutions business. The
initial elements already in place are the provision of high performance networks
(Matrix), the ability to offer IT security systems and services (Intrinsic) and
high level, round-the-clock customer support services (NATS). Two further areas
have been identified for future expansion through acquisition to develop the
group's market proposition :


Data storage solutions go to the heart of securing and protecting an
organisation's vital information and dovetails neatly with existing group
products and services; and


Voice over internet protocol ('VOIP') is regarded as the future for
mainstream telephony, essentially using IT networks and the Internet for
voice communications. Given the strengths of the group in networks and
security, this represents a natural direction for development.


An important aspect of the strategy is to acquire businesses which are
complementary in terms of both technology and customer base to increase the
opportunities for cross-selling between operating companies and to share common
overheads such as administration and training.


Board


The changes to the board have reflected the development of the group during the
year. Ian Smith was appointed a Director on the acquisition Matrix and was
appointed Chief Operating Officer in July 2003. More recently, we have welcomed
the appointment as Directors of Tony Weaver on the acquisition of 50% of NATS
and Peter Drinkwater on the acquisition of Intrinsic.


At the time of the decision to withdraw from the original satcoms activities in
July, David Bland, Philip Mehrtens, Mike Yarrow and Pat Roberts left the board.
We would like to thank them for their contributions.


Outlook


The Matrix group is building a rapidly growing, profitable integrator of IT
networks. The recent acquisition of Intrinsic Networks takes us into IT
security systems - one of the fastest growing segments of the network market -
and our interest in Norwood Adam Technical Services secures our ability to
support our customers.



Order intake in the current year has started strongly and we are in advanced
negotiations and trials on a number of substantial new business opportunities.
The group now has a clear sense of purpose and direction and expects to deliver
good results in the future.


Michael Frank 19 January 2004
Chairman



GROUP PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 OCTOBER 2003




2003 2002

Acquisitions
(Continuing Discontinued
activities) activities Total

Turnover 1,333,566 327,863 1,661,429 259,824

Cost of sales (874,557) (256,684) (1,131,241) (206,374)
-------------- -------------- -------------- --------------
Gross profit 459,009 71,179 530,188 53,450

Net operating expenses (312,579) (472,159) (784,738) (639,199)
-------------- -------------- -------------- --------------
Operating profit/(loss) 146,430 (400,980) (254,550) (585,749)

Interest receivable 1,367 -
Amounts written off investments (174,250) (78,750)
Interest payable (1,022) (843)
-------------- --------------
Loss on ordinary activities before (428,455) (665,342)
taxation

Tax on loss on ordinary activities (21,293) -
-------------- --------------
Loss for the financial year (449,748) (665,342)
========= =========

Loss per share (pence) (0.06p) (0.29p)



The group has no recognised gains or losses other than the results for the year
as set out above.



The company has taken advantage of Section 230 of the Companies Act 1985 not to
publish its own Profit and Loss Account.

Up again today ,looks very promising.

g12 :)

Anybody know if there are contracts still waiting to be annouced that they are currently working on?

is it still good to hold, or sell it? any comment

Hard to say at the moment, The company is still working on building and the shares mag had a three line saying may be on turnround. I would not sell
the shares are still cheap and I do not think there is much downside or risk. I believe they are working on some proposals according to earlier reports. A good announce ment could push the price upwards but it could be a few months. Sorry can not tell you more than. As usual DYOR and all the best with what you decide.

Good move today the with total gain of 80% since I entered. This could be the next good earner but will be bumpy for a while till the new name and orders arrive. Nice to see a new hand on board who is used to aquisitions, my read is they will be active in this field.....time will tell. ck..... did you sell, hope not.

on the way north new main man at the helm shoud make this fly i`m staying for the ride it will be bumpy but i thats part of the fun

Another good day with plenty of buyers and sellers holding for more profit. Friday could be another good day and will tell if the sellers will enter to slow things down. At this price can not see a down and the next months should see some activity on the purchase front..... It may be a little bumpy but thats the way to make the money.

Another good rise today. How far can this go before profit takers move in ?

Did we all miss the 225% rise in 4 weeks?

Well foxwell that is the million dollar question, as you know we are a fickle bunch and sometimes get it wrong. There have been a lot of buys in the 1.88 - 2.6 region with ealier profit takers gone, as a guess I think the 3 - 3.3 will see the some profits being realised. The 2.5 range should hold, and good news will push the price up. chartist....I missed on some of the first rise but have managed a respectfull 195% so far.I think this has the potential to return real growth over the medium term. It is still early days for the new strategy I am sure they will purchase and the contribution of XchangePoint could be significant, and they are making money. As always dyor and all the best to those who stay on for the ride. For those who like the charts check out COH

Thanks for your opinions K. Have also made about 195% and have a long term view. Would be nice to get out and buy back in lower if profit taking is prolific.

Good start then the sells came in, finished a little lower than I thought expected to hols 2.5, Still all the market was a bit flat...must be Monday Morning blues

Hi. Haven't posted on here since December. Been busy on another BB. Pleased to see my faith in OST has been rewarded. Shares Magazine is talking about a 1.16 million profit this year on margins of around 15%. Prediction for 2005 is much higher. AGM is due in a couple of weeks. Lots of good news is expected. Should get another good run over the coming weeks. Good luck!

Anyone know why 3% has been wiped off in last 10 minutes and yet buys far outweigh sells

Might be some of the buys are actually sells,posted late

Great Day - can this be sustained? Any views

Hi Oak

OST got mentioned in the Daily Express today with regards to possible large contract due to be announced. Also AGM this Wednesday an Ian (ceo) is doing a live web broadcast on ADVFN on Thursday. Great potential in this share in a rapidly expanding market.

As always dyor.

Thanks martincoops - I like the sound of the CEO`s intentions following AGM on Weds - so too do the punters to-day 8% up at midday with buys outstripping sells
3 to 1

Any ideas/reasons why down 5% despite buys outdoing sells by 10 to 1

Don't know Oak,my guess is the placing of the shares today. This will only be a blip IMO now have to wait for the AGM and the takeovers announcements.

News from AGM. Highlights for me are...

1. New Chairman Alan Watkins (ex CISCO UK MD)
2. Vodafone discussions.

Up 12%. Long term future looks extremely attractive.

Already a 4 bagger!


Immediate release: 10 March 2004

Offshore Telecom plc

AGM and Trading Update

At today's AGM all resolutions were duly passed.

Michael Frank, Chairman commented:

'The Group is making very good progress, we have had a strong first quarter and
the second quarter of the new financial year has started well. Our aim is to
become the communications integrator of choice for leading edge technology and
I am delighted to say that we are continuing to win major contracts.

We have won a number of new customers since the year end, which include:

* The University of Westminster

* LSHTM (London School of Hygiene and Tropical Medicine)

* BAR F1 (Formula One team)

* LINX (London Internet Exchange)

With the addition of LINX to our client base, Matrix, our wholly owned
subsidiary now deals with practically 100% of all UK internet traffic.

The acquisitions we made in the last financial year, Intrinsic and NATS, have
now been fully integrated into the Group and both are performing well.
Intrinsic Networks has signed a seven figure contract with Vodafone UK for the
provision of strategic security services. Due to the nature of this project we
are under reporting restrictions at this time, except to say that the UK
project is going exceptionally well.

Matrix Communication Group Plc is also in early discussions with Vodafone Group
for the possible roll-out of this strategic solution to the Vodafone operating
companies on a global basis.

Acquisitions

We continue to look for businesses to acquire that fit with our business model
and to this end I am pleased to announce the signing of Heads of Agreement for
two companies within our sector. A fuller statement regarding these two
proposed acquisitions will be made in due course.

Board structure

In order to maximise the growth potential that lies ahead for the Group I am
delighted to announce the following Board changes: Alan Watkins will become
Chairman, Ian Smith, Group Chief Executive, Tony Weaver, Chief Operating
Officer. I will become non-executive deputy Chairman. All of these appointments
are made with immediate effect.

Placing

We are delighted with the 2,250,000 of new funds raised, which was announced
yesterday. We have placed a total of 120,000,000 shares, which consists of
100,000,000 new shares and 20,000,000 old shares with a number of key
institutions and VCT's. The funds raised will be used to complete the two
proposed acquisitions.

Outlook

As mentioned earlier, the year to date has started well and I look to the
future of the Group with confidence.'

For further information, please contact,

Ian Smith

Group Chief Executive

07811 327054

wow this sharing is really motoring now, got in at 0.0131 cant belive its moved up so much in such a short space of time, the new director is having some influence and building confidence.

In at the same level and expect much more out of this in the next few months. If anybody listens to the live ADVFN talk on Thursday please post on this thread.

Has change of name affected price ?

ep

you would think so but its just the stupid markets. Is still holding but with the techs and dow fts all down things are stalled for a bit