Matrix Communications Group plc

('Matrix' or the 'Group')

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 APRIL 2004

Matrix Communications Group Plc ('Matrix' or 'The Group'), the UK's
communications integrator of choice for leading edge technologies, today
announces its unaudited results for the six months to 30 April 2004.

Highlights

* Turnover up 3,381,000 to 3,697,000

* Gross profit up 1,493,000 to 1,640,000

* Group Pre-tax profit up 822,000 to 550,000 (including minority interests)

* Net Assets up 3,146,000 to 4,473,000

* loss-making satellite communications business sold in January for 30,000

* acquired and successfully integrated three profitable IT companies during
the last 6 months in line with its core strategy

Ian Smith, CEO, commented:

'This has been a defining period for the company and we are delighted to be
reporting on the success we have achieved over the six months. As well
achieving significant organic growth from our existing businesses we have
delivered on our core objective to extend our offering and client base through
acquisition. Over the period we have succeeded in acquiring and integrating a
further three companies into the group, transforming Matrix into the UK's true
integrator of choice. As an enlarged Group we have recently won contracts with
Vodafone, B.A.R Honda and The London Internet Exchange and have engaged in a
number of talks for other exciting contracts. Looking forward, the challenge
for us now is to capture the consolidated cost efficiencies in the enlarged
Group and exploit the numerous cross-selling opportunities that are available
to us through our matured commercial relationships with our present client
base. In this period we have made great progress in turning the company around
and building a solid base of recurring revenues and high margin product mix
with leading blue chip companies. I look forward to reporting to you on our
future progress'


molatovkid - 01 Jun'04 - 07:34 - 173 of 173 edit



Embargoed Release: 07:00hrs Tuesday 1st June 2004

Matrix Communications Group Plc

(`Matrix')

Re Agreement

The Group has concluded heads of terms to acquire a profitable mid-tier
distribution business from the 1st August. This will enable Matrix to continue
to develop its market position and maintain its strong margin growth by
strengthening its key vendor relationships.

As emerging technology segments start to cross over and consolidate, it is very
important that the Group has access to Key Vendor relationships so that 'best
of breed' solutions can be offered to it's customers.

The current annual turnover of the business is 5.5m.

Further Information:

Ian Smith, CEO

WHATS GOING ON FIRST 2,500,000 ALL BUY INS AT 4.44 NO SELLS BUT BUYING PRICE STILL STANDING AT 4.45 AT 8.15 SHOULD BE 4.70 SURELY

NOW WHAT MILLIONS OF SELLS PRICE NOSEDIVEING BLOOMING AL QUEDA

Lol, chill out it will recover, it doesnt go up in a straight line...

YES BUT I EXPECTED 5P BY 8.30AM AND NEARING 6P BY TONITE AFTER THESE VERY GOOD REPORTS

Wantu777 well I think thats gone down the plug hole, what the hell is going on
fantastic results then this... Think i'll sell all my shares and put in bank...

YES ME MIGHT SELL FED UP NOW

Wantu777 I wish you would sell. Getting fed up of your moaning.

ONE NAME BIN LADEN HES RESPONSABLE FOR THIS

moan, moan, moan, moan.

So whats the share price now Wantu777?

A LOT LESS THAN AMONTH AGO WHEN IT HIT 5P TOO BUY

SO THERE WAS VERY GOOD REPORTS IN PAPERS OVER THE WEEK END PRASING MATRIX AND ALSO ON MANY TIPSTERS ON THE INTERNET SO WHAT HAPPENED IT DONE NOTHING IN FACT IT WENT BACKWARD

buy some more, buying opportunity wantu777, I have just purchased a few more at
this level, think long term.

ADIE LONG TERM TOO ME IS A WEEK ILL BE SENT IN A COMA SOON WITH MATRIX

Lol, dont quite understand that response but keep holding...

wantu777 - From what I read that could be pleasing to some !!

I too am confused after good results etc.

WELL ORAKLE SEEMS TOO KNOW IT ALL SO WHAT HAPPENED OH WISE ONE IVE WAITED A MONTH FOR THIS DAY LETS FACE IT IT SUNK...LIKE THE TITANIC..

Shit happens, good results price goes up and people sell. wantu777 you expect to much to soon. Why dont you just sell if you are worried about your money. Or do some constructive research rather than wasting your time posting a minute by minute commentry on the price.

Some usefull info in there to have a read of, they estimate 4.75 before contracts.

http://www.saturn.uk.com/dsc_admin/Matrix_interim_june_04.pdf

Good time to buy this share now, expect it to rise next week by about .5p
Have topped up again today for the short term.

I like you confidence :)

I have been hanging on to this shaking tree for a good few weeks, and at the moment I have not sold hanging on to this hope of a rise. What makes you think next week is going to be any better??? The good results this week have done nothing to stop the drop!!!

I just hope you are correct...

Simon

Simon, I hope orackle is wright but I do not think so. I said a while ago when the price shot up I thought it would pull back and range about 3.75 - 4.25 for a while. The 5p barrier is a strong resistance level as this opens up to the 10p mark. The price is at a premium to the sector but the price will rise, that IMO is a given because the company is in the right sector and has good management, margins etc. Saying that, it is a long trem investment and any weakness should be viewed as a buying opportunity to top up with more. With the new arm being added to the business the steady contract wins and forecasts for 4.75 this is not the time to sell. Just sit tight wait for end of year and add, add, add, add. I could kick myself for not buying a couple of ml more at the sub 1p level I went in at... but we can all say that after the event. As always IMO.

MY LORD CAN ANYONE TELL ME WHAT ON EARTHS GOING ON IM JUST GLAD I DID NOT FOLLOW ORAKLE LAST WEEK HE BOUGHT UP SOME MORE AT 3.75 NOW ONLY 3.35 TOO BUY NOT THAT IM RUBBING IT IN AS I BOUGHT A LOAD AT 4 PENCE BOO HOO ........

WANTU777

Nice to see you back i've missed ya. I to brought a stack at 3.99p but don't worry chill out and relax, some bods taking some profit after the good news the other day. There is still quite good volumes going through each day and interest is good after the gaffer of cisco came over. For me this share is long term. Day to day monitoring is not needed at this early stage, you'll put yourself in an early grave. lol I still believe this share will drop a little more yet but as kandrews250 said the 5p level is a big step. imho dyor

MMs playing this well building a holding for good news and to make a kiling on the price, as I said earlier drop below 3.5 is time to watch and look to add but will wait a little longer to see if any more weak holders will run and can pick up for a little less. Think if we can get around 3p and a rise back up to 4.75 on a 10k purchase is 5.8k profit (less spread costs )nice little earner and IMHO it will go back to the previous levels. wantu777 as Ted1 says just check a couple of times a week to keep the stress levels lower and remember it is a profit making company so there is fundamental value there. LOL and keep happy IMO & DYOR

Just bought some more.

WANTU777 like I said it was a bargin its now even more of a bargin, top up while you can, it wont stay at these levels for to long.

THANKS YOU HAVE ALL GIVE ME HOPE TOO LIVE BUT THE REASON I WATCH IT A LOT IS IVE LOST BEFORE WHEN A SHARE SHARE SHOOTS UP I MISSED IT THEN IN DIVED DOWN AND OUT AND I LOST

Wantu777, If you are concerned can you not contact your broker and set a limit order ?

AAAHHH OH NO ITS HAPPENED THE THING I WAS DREADING ITS IN THE 2SS IT HIT 2.95 TO SELL AT 2OC JUST THOUGHT ID LET YOU ALL KNOW

tell you what wantu, u aint big on bottle are u?

rumour has it it's going down quite a way 2.50p
but will recover very rapidly on news out end of june i think
chin up wantu777!

hi, ted1
what news is that , or have i been asleep too long! ?
thanks
dexter

I can not see the reason for this so IMO this is being well and trully walked down by the mms, lets see how low we can get to buy some more, most weak holders should fade away now. 2.5 buy has to be a good entry level. Lets get the holiday season over with

dexter
2-3 contracts being won per month. One will be bigger than the 7 figure deal with vodafone and I think we may here of some of this by the end of the month.
imo, but what do I know we may not here anything until October!

TED SO WHAT YOUR SAYING IS SELL NOW AND BUY BACK IN AT 2.5P

Sorry wantu777, depends what you bought at. I bought a bag full at lower prices, have off loaded all but 450k, bought at sub 1p entry so I am looking to buy back in as IMO the price will rise again. If I had bought later I would buy back in at lower price to average down the price.

right stockpick. I brought top end so sitting on big loss at the moment. Wantu777 this stock is very volatile imo sit on what you have let the mm's do there best to scare the little boys out. They need stock. Hang tough, these are long term stocks for me.

Hi everybody - just like Caledon - this is falling and I don't understand - I first thought this was a multi-bagger.

Any views?

Reveiw of company dated 1st June

http://www.amreview.co.uk/index.php?theAction=show_compdetails&compid=880&cotw=0&niotw=0&market=1&fromSearch=false

The management knows they've got a gold mine here!!! they're trying to get people to panic and sell!!! Once the share hits the 2.5p low, it won't drop any further. It will stay at this price for a few days and then before you know, itwill be spiralling out of control - SKYWARD...THATS A FACT!!!

rkausar

I love the sound of spiralling out of control - Skyward - that's a fact but why does it have to go so low before it comes back to 5 before I make some money - but holding and optomistic.

All the best and good luck - this is for the boys and girls with nerves of steel!

yes well my nerves are shot as i put pc on and aaaahhhh 2.60 sell i was about too jump off me balcony when i thought id see what you lads had said and i found optamism so i took a vallium and closed the door too me balcony thanks

Expect this share to go as low as 2.5p or even 1.25p
mm's need big institusions to come in at what they paid before we leapt ahead last month. Once the big boys are back on board then we can go skyward. I have a big paper loss like many other private investors so just sit tight imo.

TED IFF YOUR SURE IT WILL GO SO LOW WHY NOT SELL AN BUY BACK AT THE LOWER PRICE

Good point Wantu777 thats what I did.

I jumped at 3.5p and will restock when it looks like its hit the bottom.....

Simon

you are right, but I don't do this day trading or short trades. So the plan is to stay put for a long time, and besides a paper loss I can handle but as soon as the sale goes through then there is an actual loss and that puts more negative spin into the pit which we could all do without. Can never get the bottom right so I just stay in. Still learning!

Yes always awkward decision to stay or jump, for me it's stay as I have already exceeded my capital gains for the year and I have to balance drop with giving 40% of my money to the tax man, I hate giving anything to the tax man so the choice is easy. It's also worth remembering a lot of the market is down due to the summer hols and the unrest. As always the market will recover. LOL SP

posted on advfn earlier

gtr - 22 Jun'04 - 22:12 - 26268 of 26285


Had a call back from IS today and although I got told off earlier (by smymaster) to get in contact here are the fundamentals of our discussion:

1. They are extremely upset about the Berlin listing and have worked on the case over the last 2 weeks to get de-listed. IS was confident that MXC was not a target of nacked shorting as it had not been traded!

2. Everything on plan and no placing. They are trying to get institutions involved (by getting them to by in the open market)to get more stability into to share price. The reason for the current volatility is the fact that retail investors are hardley long term support!
IS was adamen on the fact that they are not borrowing even one penny!!!!

3. They are working on (not sure he used this word but it came accross as) massive deals.....

My conclusion: In 6 months 3p is a distant memory and the SP will slowely but surely stabalise. As someone said before - relax (unless u r a daytrader)
This will all come together and we will be rewarded!!!

from danielstewart.co.uk

22nd Junw

MXC.L, the systems integrator providing digital communication and security solutions,has this morning announced a contract win to upgradethe network infrastructure for The London School of Hygiene and Tropical Medicine (LSHTM).
MXC.L won this contract against a number of high profile competitors, demonstrating again the high quality of its product and service offering. The company has not quantified the size of this contract, and as such we are not adjusting our forecasts, however we do expect this to be a long-term contract with recurrent revenues.
The share price has in our view experienced an unjustified fall, with the Company currently trading on an FY 05 PER of 15x. We regard the investment case as compelling, asa cash generative, profitable company in a high growth market with a blue-chip customer base, Matrix is well on track to becoming one of the leading UK systems integration companies, and we maintain our share price target of 4.75p. BUY.
Daniel Stewart & Co. acts as Nominated Advisor and Broker to Matrix

Embargoed Release: 07:00hrs Wednesday 23rd June 2004

Matrix Communications Group plc

(`Matrix')

Contract Win

Matrix Communications Group plc is pleased to announce that it has won the
contract to upgrade the network infrastructure for The London School of Hygiene
and Tropical Medicine (LSHTM). The two-phase contract was won through an open
tender in which Matrix was chosen ahead of several high profile organisations.

The LSHTM is Britain's national school of public health and a leading
postgraduate institution in Europe. Part of the University of London, LSHTM is
an internationally recognised centre of excellence in public health,
international health and tropical medicine with a remarkable depth and breadth
of expertise. It is one of the highest-rated research institutions in the UK.
In a bid to maintain and extend its reputation the LSHTM recognised the need to
improve its network infrastructure ahead of plans to better support its
research activities, bring more IT learning tools into classrooms and to extend
its premises.

Sheena Wakefield, Network Support Manager of the LSHTM, commented:

'We chose Matrix because of their ability to provide a phased approach to the
integration and of the knowledge they had of Foundry products that we knew had
the exact capabilities we needed. In addition, the school was keen to work in
partnership with a supplier in the long term, particularly one with the
specialist experience to discuss future technologies and projects.'

Do you guys think todays rise is going to stick?? Or will it slip away over the next few days??

Simon

simon,

it will stick imo. 10% today wil do me, then again tomorrow.

Needs to be small steady increases to hold 10% at a time would be good. News has lifted this share straight away and I don't think it's a very big contract although no figures have been published, but look at the interest. Imagine the movement when we here of a 7 figure deal!
imo

Agree small contract although massive amount of incoming calls from particularly holiday travellers. This could and should be the start of much good news.

ITS COMEING HOME ITS COMEING HOME MATRIX IS COMEING HOME COME ON MY SON

Cant believe you still holding this wantu777, Thought you would have jumped of a cliff with the price drops recently. But no :-( your still here giving us a good ongoing commentry.

wantu777

What do I know. Glad I didn't sell yesterday! See you just don't know where the bottom is, far to risky. DYOR BUY IN AND STAY IN.

in the daily exspress it states that matrix will get half a million in up front fees daily mail also givesmatrix a mention but so did both on 1st june and looked what happened tee hee

BLAST - was waiting for that price to drop below 2p to get another boat load, still can't complain and at least wantu will be a happy bunny, well
ted1 lets hope some small rises to hold gains. SP

Well well....just been doing a bit of digging. And guess who has just turned up connected to a US Company Glasshouse and is going to be running their UK arm. Yes Alan Watkins (formerly of Cisco Systems & MXC currently). Beleive it or not this company have just been making storage acquisitions.....ummm, the plot thickens.


News release June 8th

GlassHouse Technologies Acquires Two U.K.-Based Storage
Providers: Source Consulting and Sagitta Performance Systems
Acquisition Doubles Size of Independent Storage Services and Consulting Company
and Expands GlassHouse's Reach Into Europe


FRAMINGHAM, Mass., and LONDON, June 8 /PRNewswire/ -- GlassHouse Technologies,
Inc., a leading provider of independent storage services and consulting, today
announced it has reached a definitive agreement to acquire two United
Kingdom-based storage companies, Source Consulting and Sagitta Performance
Systems, two of the largest storage services organizations in Europe. This
acquisition, expected to close within several weeks, adds 300 clients to the
GlassHouse roster and increases the company's storage services and consulting
resources for U.S. and European customers.

Source Consulting and Sagitta Performance Systems will be merged and operated
as a wholly-owned subsidiary called GlassHouse Technologies U.K. Ltd.

The acquisition brings GlassHouse's total number of storage specialists and
consultants to 220, making it the largest independent storage consulting firm
in the world.

"Gartner Dataquest projects that the worldwide storage services market will
grow to over $30 billion by 2007," said Gartner Principal Analyst Adam Couture.
"The fastest growth segments are in consulting and management services where
we are anticipating double digit growth. This bodes well for companies
focusing on these storage services segments."

"GlassHouse is the envy of all the service providers in the storage business,"
said Steve Duplessie, founder and senior analyst, Enterprise Storage Group.
"Their model is working, their customers are thrilled and they continue to do
the right things. This deal extends the model overseas -- where a lot of
existing GlassHouse customers already have a presence."

"The success of GlassHouse, Source and Sagitta clearly demonstrates that
corporate IT departments around the world face similar challenges of managing
storage and IT resources effectively, and doing more with less," said Mark
Shirman, CEO and president, GlassHouse Technologies, Inc. "GlassHouse's
strategy is to be a global company, and establishing GlassHouse in Europe with
this strong and experienced team is the first milestone in that strategy and a
solid proof point that our company is delivering a unique value by helping
businesses solve their storage issues."

GlassHouse Technologies U.K. will be led by Managing Director of Europe Mark
Vargo (former managing director of Europe CNT), Jason Rabbetts, managing
director, U.K., and Andy Norman, senior vice president of Technology Services.

ALAN WATKINS (former managing director and founder of Cisco Systems Ltd.) will
serve as chairman of the board for GlassHouse in Europe.

"With our acquisition of Source Consulting and Sagitta Performance Systems in
the United Kingdom, we are now able to provide our European and U.S. customers
with expanded expertise and resources on two continents, from an independent
vendor standpoint," Vargo said.

About GlassHouse Technologies, Inc.

GlassHouse Technologies is the leading provider of services that help
organizations solve the business problems of enterprise storage. From strategy
through implementation, operations and customer support, GlassHouse partners
with clients to achieve predictability and manageability in storage and backup
operations, transforming storage into a strategic advantage. GlassHouse clients
include Biogen Idec, Inc., Hartz Mountain Industries, Inc., Pitney-Bowes, Inc.
and The Guardian Life Insurance Company of America. More information about
GlassHouse is available at http://www.glasshouse.com/ .

DATASOURCE: GlassHouse Technologies, Inc.

What are the implications of this? Is it pos or neg...

re statement

About bloody time mr smith!

ted whoes mr smith and what implications do you think this berlin malarky will have on matrix

Ian Smith, CEO.

der yes i should of known this so do you all reackon come august this share will be a lot better

Broker said should be around 4.75p in their opinion so draw your own conclusion, my opinion is this company is going places, will top up when I can. DYOR. Regards.

Why should you have known wantu777, you dont seem to know anything about this company.

WELL ORACKLE ITS SEEMS THATS A BIT MORE THAN YOU WAS IT NOT YOU WHO FILLED YOUR BOOTS AT 3.75P WHEN PRICE STARTED TOO FALL SAYING IT WONT GO LOWER WELL AT ONE TIME THIS WEEK YOU COULD OF BOUGHT AT 2.80P A SAVEING OF A FEW THOUAND NO DOUBT AT LEAST I DIDNT BUY AT THAT PRICE BUT I BOUGHT ANOTHER LOAD WEDNESDAY AT 2.9P SO WHAT ARE YOU SAYING...NOW

I bought some at 3p and some more at 2.35, am still quids in. If you had done your research you would not be worrying about this shares up and downs because you would know that it will rise above what you paid for it.

OrackleUK - totally agree - I bought in at 4.33 and I am not at all worried as I am sitting on this one to buy a flat - I may have to wait a while but I know it will be worth the wait and I am not going to sweat about it. Good luck to all.

u dont mean a flat wigwam fonty only jokeing this time next year we will be millionares

Another inspiring comment from wantu777 again. What do you do for a living wantu777? How old are you?? Do you spend all day worring about MXC and then asking us whats going to happen next?? If your worried then sell and if not then dont bother giving us a running commentry. I try and use this forum as part of my research and everytime I read this link all I get from you is a running commentry. I could have got that from looking at the trades page on this site.

Sorry for any spelling mistakes its sunday night and I am drinking Stella.

ORACKLE PUT STELLA DOWN WHATS SHE EVER DONE TOO YOU, BY THE WAY ANOTHER CONRACT WIN ITS 10.45AM AD 3.40 TOO BUY

well a nice little contract win and steady build up of business, I know you are only using a figure of speech about being millions richer but I think the this time next year( on current growth ).....HMMMmmmmm 6-8p.... what do you think people? SP

Would like to see 8-10p by then based on the current trend. Only time will tell.

I am thinking more along the lines of 20p but then I am a romantic dreamer! Who knows?

Just keep rising thats all I hope...

Nice mention in the Growth Company Invester under the article Five to Hit, Five to Miss, naturally MXC is one of the Hits lol.

correction Investor lol. July issue.

GOT TO BE 20P THIS YEAR SURELY

ESPECIALLY AFTER ALL THE HARD WORK IVE PUT IN STAREING AT THEM

I agree with wantu777 - I too am staring them up to a minimum of 20p - I keep hearing how they are going to sore! Well I am sitting long term on these and once they hit 7p going to buy loads more. Good luck all.

fonty hi i dont get it why buy at 7p and not now when price is lower? i have stared them up further today fonty

Embargoed Release: 07:00hrs 1st July 2004
Matrix Communications Group plc

(`Matrix' or the `Group')

Acquisition

Matrix Communications Group Plc is pleased to announce that it has signed Heads
of Agreement for the acquisition of a specialist systems integrator (the
`company').

In line with the Group's strategy of building the UK's systems integrator of
choice for leading edge technologies, the company is a well-established highly
complementary business that will contribute to profits of the Group from the
date of acquisition. Further to direct profits contribution to Matrix, the
acquisition will further broaden the cross-selling opportunities that exist
within the Group.

A fuller statement regarding this proposed acquisition will be made in due
course.

-Ends-

Further Information:

Ian Smith, CEO

Matrix Communications Group Plc: 01342 871 888

Andrew Tan

Hansard Communications Plc: 020 7245 1100

ORAKLE HI CAN YOU EXPLAIN WHAT THIS NEW NEWS MEANS EXACTLY AND SHOULD OUR SHARES RISE BECOUSE OF THIS CHEERS

Its good news, Matrix has made another acquisition of a specialist systems integrator. Shares SHOULD rise but its not always the case.

Your spelling, typing is awful wantu777... It's great news potentially... Hang on for more rises as the broker said should be priced at 4.75p at present levels so this may add more evenutally...

HUMBUG BALONY THIS SHARE CANT CUT THE MUSTARD DOWN IT BLOOMING GOES AGAIN

Matrix Communications Group plc

('Matrix' or the 'Group')

Multiple Contract Win

Matrix Communications Group plc (`The Group') is pleased to announce that it
has won a series of contracts with Guardian Newspapers Limited (`GNL').

Following these contract wins, the Group is now responsible for delivering a
complete array of integrated network solutions to GNL. Historically Matrix has
supplied network solutions to Guardian Unlimited (part of GNL) and following
today's contract wins will now supply GNL with network solutions and Voice over
IP (VoIP) solutions through its Matrix Network Solutions arm, VoIP solutions
through Decorum Networks, 24 hour technical support through Norwood Adam
Technical Services and security solutions through Intrinsic Networks ltd.

As such, Matrix Communications Group is now responsible for delivering a high
performance, cost-effective, reliable and secure network communications
solution to GNL.

Of specific importance to the Group is the combined nature of the contract
wins, which is testament to the Group's ability to capitalise on its commercial
relationships to maximise value through its cross-selling model. It has been
the specific intention of the Board to create a high quality single network
communications solution provider and the decision by GNL to extend its business
across the various entities of the Group is a significant landmark in achieving
this goal.

Ian Smith, CEO, commented:

'To date we have been extremely successful in creating a Group with the
potential to provide customers with a complete network communications solution
while maintaining a high degree of specialisation. For some time now we have
been aware of a growing demand for a network integrator that can deliver a high
performance network communications solution that is reliable, secure and fully
supported. With these contract wins I feel we have proven ourselves to be such
an integrator.

The GNL is a very high profile organisation and they have made clear from the
outset the high standard of network solutions they require in terms of
performance, reliability, security and support. I am extremely pleased to have
won the confidence of GNL and look forward to extending our offerings in a
similar fashion to both new and present customers'

-End-

wantu777, now what do you say, lol.

THIS SHARE NEEDS A BOMB UNDER IT , BY THE WAY ITS WANTU777 HAD LOTS OF PC PROBS , HOW ON EARTH CAN A COMPANY BE WORTH MUCH LESS THAN THE 5P IT HIT FOR 10 MINS ABOUT 2 MONTHS AGO AFTER 3 GOOD CONTRACTS, IT STARTS GOING UP AND THEN WALLOP DOWN IT BLOOMING GOES GGGGRRRRRRRRR...

When is the share price gonna start going skyward??? Can't wait!!!

WATCHING THIS SHARE IS LIKE HAVEING NEEDLES POKED IN YOUR EYES

i agree with you pluto999,what does this company have toannounce for the price to go beyond 5p,

It comes to those who are patient... This company has huge potential in the future it is just starting to put final pieces in the puzzle, the future looks bright.

THE FUTURE LOOKS BRIGHT, I REALLY WISH I SOLD MY LOT ON MON WHEN THEY HIT 3.75 WOULD OF LOST A BIT ON SOME I BOUGHT FOR 4P BUT OTHERS I PAID LESS FOR WOULD OF BROKE EVEN BUT NOW TOO LOW AGAIN, NEED TOO MOVE TOO MORE EXCITEING SHARES....NORMALLY I ONLY STAY WITH SHARES ABOUT A WEEK , BUT 3 MONTHS WITH THIS DONKEY....

This is a 2 year hold at least. Telecom sector getting a bit of bad press at the moment, nokia sales down, virgin about to float but concerns on growth etc
This is quite a new company and stage 1 of 10 is coming to completion. Info from other posters on other boards seem to think that this share should stay between 3.10 - 3.65 but if it breaks 3.10 there is support at 2.86.
Short term is bearish ish but by year end and some solid news with figures such see this share spike quite quickly.
Anyway daily monitoring is not needed for me chill and have another cool beer!
imho dyor.

2 YEARS MY GOD

Keep an eye on this stock. Someone bought 2.4 million at the close of business last night. They paid well above the offer. This is the biggest single trade that I've seen in this stock for some time.

Looked up what you posted grevis I think it's time to get back in I'll through some pennies at this one.

SUPERJOCK2: MXC were seeking to extend their contract with Vodaphone to 10 of their Global operations. I seem to recall this was mentioned in the Spring and would take around 3 months. Could be that whoever bought that 2.4 million may be aware that an announcement is imminent. Just conjecture, but who knows!

morning grevis, hope you're right :>))

I am patiently still in - a long term hold but do think it will be worth the wait - I dream of a ten bagger here!

down again humbug

wantu777: Some nice fat buys have just turned up. We may see blue today!

We have blue! Offer now 3.35p. Barclays now quoting maximum buy of 75K.

ha ha i new my ship would come in come on matrix come on matrix...WHAT DOES THAT MEAN GREVIS , WHY WOULD THEY DO THAT, CANT UNDERCONSTUMBLE.....

wantu777:

UNDERCONSTUMBLE.....Like the word, but what does it mean?

As to the 75K max buy, the MMs will often restrict the numbers due to stock shortage. Often means the price is about to tick up. It ticked up immediately after my post to 3.30 v 3.45p

I have all the patience to watch this baby.

Good luck to you all.

Well said FONTY. For certain, MXC seems too low and I've a strong feeling it's about to set forth back towards 4p again. Think we are in for a good week. Cheers!

hi underconstumble is my word for cant undersdand.... SO IS THIS THE WEEK......ABOUT TIME TOO. WHY IS BARCLAYS ONLY ALLOWING 75.000 BUYS ? ME NO COMPRENDO...

OH SORRY GREVIS I DIDNT SEE YOUR REPLY ON BARCLAYS HAD A FEW DRINKS TOO CEBRALATE..TEE HEE

wantu777: That's OK. Support is returning. More fun tomorrow. Good growth stock that is well back from its recent 5p high. If support continues then 3.4p is on the cards. More if an RNS pops up. Keep the faith!

We are moving up fellas!

MMs are buying! Something is going on behind the scenes IMO!

THIS IS STRANGE.. WITH TALK IN THE EXPRESS ABOUT ANOTHER IMMINENT ACUISITION ONE WOULD OF THOUGHT THERE WOULD OF BEEN MORE TRADES MMMMM CANT MAKE IT OUT....

Well we are now flying!

normal retracement. Still within the blue bullish candles. Watch volume

nothing to do with me. I just like charts and dislike vacuuming

Nice one snip!

THIS SHARE DOES YOUR HEAD IN AGAIN IT HIT 3.62, BUT ALL THE BOTTLERS SELL AND WALLOP DOWN SHE GOES , I CANT STAND IRONING OR VACUMING

I hate ironing too but sometimes watching Matrix is like ironing 50 linen shirts!

YOUR RIGHT FONTY,

This stock may be about to wake up again. Barclays are quoting 3.44p to buy.

We have lift off!

NOW THAT LAST BUY NEARLY 2 MILLION WAS THAT A SELL OR BUY AS IT SAYS 3.5 DID THAT PUSH IT UP , OR WAS IT UP AND THEY SOLD WAS NOT WATCHING WAS UP THE PUB,SOMETHINGS STRANGE GOING ON..

There were two large late trades including the one you mentioned. I'm fairly certain the smaller of the two was a sell. However, the consenus on another BB is that the 2 million was a delayed buy and was part of the reason for the late surge in the price. More fun tomorrow!

wantu777 : There's another one this morning. 2 million late trate just reported. Looks like stake building. Bought around 6.5 million in the past 7 days.

grevis , looks good lets hope the price can hold and then go further,

Nice top up grevis

AGAIN IT HITS 3.80 THEN DOWN IT GOES WHEN IS IT GOING TOO GO UP UP UP

Ted1: Thanks! Just added a few more.

Fair play to ya. Some positive sentiment coming back here. Some good volumes 1.9m sell the other day, blocks of 250 thousand buys 6 in one day if I remember correctly and news of the aqusition on Monday? yea or nay? Good debate and TA from the other guys on the other bb.

max online buy with Barclays now only 50K. MMs short of stock or what?

MMs just forced to buy 500,000 at 3.6p.

And up she goes!

MMs have bought 1 million so far. Any more to come?

and down she goes

wantu777: MM games only. Done to coincide with 2 x 500,000 delayed buys. MMs want your stock. Hold tight. Due an RNS on 1 August.

As we are due an RNS on Monday, I thought some of you would be interested to see how the price moves after an announcement.

We are looking at prices before and after an RNS.

12/07/04 07:00 UKREG Multiple Contract Win 3.10p 3.65p
01/07/04 07:01 UKREG Acquisition(s) 3.75p 3.9p
28/06/04 07:01 UKREG Contract Win 3.02p 3.65p
23/06/04 08:01 AFXF London school contract 2.74p 3.16p
01/06/04 07:03 UKREG Interim Results 4.21p 4.43p
05/05/04 11:38 UKREG Additional Listing 3.96p 4.28p
26/04/04 07:02 UKREG Acquisition of Decorum Networks 4.35p 4.93p
19/04/04 07:02 UKREG Matrix Joins LINX 3.15p 3.92p
15/04/04 07:01 UKREG Award Win 2.89p 3.20p

By adjusting the distortions caused by late trades, it would seem we have 5.5 million buys and 3.5 million sells.

grevis hi, what concerns me is after all the wins and acquisitions you have pointed out above , why on earth is the share price not greater than 26th april 4.93p when matrix has added 4 more contract wins plus good interim results, all seems strange too me..

wantu777: Most IT stocks had a good run up to the spring and then fell back. Matrix has been doing everything right and has been growing very fast. Back then, people piled in and perhaps ran the stock too high too quickly. It's share price peaked around 5p and dropped back until it stabilised at around 3p. The stock is now in its recovery phase and has been rising on the back of impending news. The most immediate bit of news is expected on Monday morning concerning a further acquisition.

It's also thought that Matrix may be about to secure that long anticipated contract for 10 of Vodaphones overseas operations. I'm sure you know that MXC's Intrinsic subsidiary secured a contract with Vodaphone's UK operation some months ago and they're hoping to extend it in time to the rest of Voda's global empire. In March, MXC's CEO said it would take 3/4 months before an announcement could be made. The feeling is that if a deal is to be struck, then it will be soon.

Good news on Monday should see this stock move higher.

Back to 4.93p again? It will come, but we will have to be patient!

Have had a look at the Telecomms Sevices Chart, as an average all shares in this sector are trading sideways and until a breakout above 2450, the story is likely to remain the same. A fall below 2400 and the earlier downward trend may be back on. Seems unfair on MXC who look like a good company and are suffering from the 'blues' of the IT stocks. Will be interesting to see if they can buck the trend!

regards

PTH

This should help:

US stocks end higher 10:57 - 31 Jul
Stocks rose and blue chips made it four winning sessions in a row Friday as investors shrugged off an oil-price spike to a record high....

Thsi is the expected announcement.

From a previous RNS:

Agreement to Acquire an IT Distribution Business

The Group has concluded heads of terms to acquire a profitable mid-tier
distribution business from the 1st August. This will enable Matrix to continue
to develop its market position and maintain its strong margin growth by
strengthening its key vendor relationships.

As emerging technology segments start to cross over and consolidate, it is very
important that the Group has access to Key Vendor relationships so that "best
of breed" solutions can be offered to it's customers.

The current annual turnover of the business is ?5.5m.

Tomorrow is they day. Up bright and early. Should get that RNS either around 7AM, if not then 11AM. Good luck!

Treble win for Matrix

A bit of a coup for Matrix Communications, the IT networks consultancy. The company announces three (yes, three!) more acquisitions today and that, as a result, its board now boasts the former UK managing directors of Cisco Systems, Foundry Networks and Extreme Networks, three of the world's biggest network equipment businesses. There's also news today that Betfair, the notorious betting exchange, has become a Matrix customer. Matrix will supply local area network equipment to Betfair and then technical support, business worth 1.5m over the next two years.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=547006

Embargoed Release: 07:00hrs Monday 2nd August 2004

Matrix Communications Group plc

('Matrix' or the 'Group')

Multiple Acquisitions and Trading Update

Matrix Communications Group plc is delighted to announce that, in line with its
strategy to become the UK's leading integrated network solutions provider, it
has completed a further three acquisitions. The combined contribution to the
Group will be a further 8.6m annual turnover and 1m profit before tax.
Following the acquisitions, and subsequent Board addition, the Group will
include the former UK Managing Directors of Cisco Systems, Foundry Networks and
Extreme Networks amongst its members. It is believed that this depth of
industry experience and widespread product knowledge is a first in the sector
and differentiates the Group as the UK's premier integrator of leading edge
technologies.

Concurrently, the Board also provides a trading update on a multiple contract
win with Betfair by way of demonstrating its proven ability to enhance the
value of its acquisitions through a cross-selling model executed across its
extensive network of commercial relationships. Betfair is a multiple award
winning on-line betting website.

Ian Smith, CEO, commented:

'In July we announced that we had won a series of contracts with Guardian
Newspapers Limited (GNL). That series of multiple contract wins came as a
direct result of our strong commercial relationship with the GNL, which allowed
us to sell a range of products and services across our various subsidiaries.
Following the completion of these acquisitions we will, as an enlarged Group,
be capable of providing our customers with the complete range of products and
services associated with a network solution spend. Our focus is still very much
on being a provider of leading edge technologies and following the acquisition
of Bedrock we are now premier suppliers of Extreme Networks and Foundry
Networks. Both of these are widely recognised as being the 'best of breed'
solutions for network hardware.

To support our premier supplier status we now have the former UK Managing
Directors of the world's three largest network providers giving us a level of
industry experience and product knowledge on the Group's Board that I believe
is unrivalled in the UK market place.'

Acquisition of Bedrock Networks

Bedrock Networks ('Bedrock') was founded in 2001 by the former UK Managing
Director of Extreme Networks, David Grant. A Premier Partner of Extreme
Networks, Bedrock, is a leading network integrator and recently won contracts
with Exchange Point and the London Internet Exchange, both of which work
extensively with Matrix.

Audited results to 31st July 2003 show an annual turnover of 4.1m and an
Operating Profit of 1.1m. Net assets being acquired are 0.1m and include
deferred revenue of over 0.6m.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of 1.1m, of which 500k was
in cash and 600k in new ordinary shares in Matrix, (20,689,655 shares at
2.90p). Application has been made for these shares to be admitted to AIM and
this is expected to take place on 5th August 2004. Subject to the achievement
of agreed performance targets, a further payment of 235k cash and 300k in
shares may be made after 31st January 2005 and a final payment of 300k cash
and 485k in shares after 31st July 2005. In order for the vendors to receive
the maximum earn-out consideration, of 2.42m, Bedrock will need to achieve
revenues of 3.6m and net profits of 500k for the period 1st August 2004 to
31st July 2005. The vendors have agreed to retain any Matrix shares for a
period of 12 months from the time of issue.

Upon completion David Grant will become a Board Director of the enlarged Group.

Acquisition of Norwood Adam Systems Ltd

Norwood Adam Systems (NASL), which trades as Norwood Adam Distribution, is the
foremost value-added distributor to the UK channel for convergence
technologies, providing voice, data, LAN and WAN solutions and applications for
corporate customers and enterprises of all sizes. Focusing on 'Bringing
Networks Together' Norwood Adam provides a service that enables resellers to
sell solutions in an easy and stress-free manner while adding more value to the
end-user. NASL works as a complementary business to the high specification
business of Matrix Network Solutions enabling the Group to capture greater
market share through diversification of branding, territory and customer
profile.

Audited results to 30th April 2003 show an annual turnover of 7.1m and an
operating profit of 1.4m. Net assets being acquired are 400k, and includes
cash of 300k.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of 750k cash. Subject to
the achievement of agreed performance targets, a further payment of 750k cash
may be made after 31st January 2005 and a final payment of 1m in new ordinary
shares in Matrix, (35,335,689 shares at 2.83p), after 31st July 2005. In order
for the vendors to receive the maximum earn-out consideration, of 2.5m, NASL
will need to achieve revenues of 5m and net profits of 500k for the period
1st August 2004 to 31st July 2005. The vendors have agreed to retain any Matrix
shares for a period of 12 months from the time of issue.

Acquisition of Norwood Adam Technical Services

Following the acquisition of Norwood Adam Systems, Matrix has acquired the
remaining 50% of Norwood Adam Technical Services ('NATS') for 1. NATS provides
after sales specialist technical support across the Group's clients through a
24/7 Network Operations Centre (NOC) co-coordinating a nation-wide network of
call-out engineers capable of giving short notice on-site customer support.
Through NATS the Group is able to build a substantial level of recurring
revenue streams through ongoing service contracts agreed at the point of sale
of network hardware and software solutions.

Trading Update

Matrix Communications Group plc announces that it has won a series of contracts
to supply a range of products and services to Betfair. Recently awarded the
`Best use of Technology In Business' Award at the National Business Awards,
Betfair have selected the Group to supply the full array of Local Area Network
equipment, 24/7 ongoing technical support and full security solutions for their
network. The combined value of the contracts is estimated to be in excess of
1.5m over the next 18-24 months.

As such the Group has, through its commercial relationship with Betfair managed
to execute its cross-selling model to generate business across the range of its
trading subsidiaries.

- Ends -

zul187: Well done to you and well done Matrix. Now that's what I call an RNS!

REACTIONS FROM ANOTHER BB:

cappagh - 2 Aug'04 - 07:09 - 33308 of 33335


Better than I expected, what do you lot
think! And there is more to come.

ThaihouseR - 2 Aug'04 - 07:09 - 33309 of 33335


WOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ratsnaks - 2 Aug'04 - 07:09 - 33310 of 33335


RNS just out:

Embargoed Release: 07:00hrs Monday 2nd August 2004

Matrix Communications Group plc

('Matrix' or the 'Group')

Multiple Acquisitions and Trading Update

Matrix Communications Group plc is delighted to announce that, in line with its
strategy to become the UK's leading integrated network solutions provider, it
has completed a further three acquisitions. The combined contribution to the
Group will be a further #8.6m annual turnover and #1m profit before tax.
Following the acquisitions, and subsequent Board addition, the Group will
include the former UK Managing Directors of Cisco Systems, Foundry Networks and
Extreme Networks amongst its members. It is believed that this depth of
industry experience and widespread product knowledge is a first in the sector
and differentiates the Group as the UK's premier integrator of leading edge
technologies.

Concurrently, the Board also provides a trading update on a multiple contract
win with Betfair by way of demonstrating its proven ability to enhance the
value of its acquisitions through a cross-selling model executed across its
extensive network of commercial relationships. Betfair is a multiple award
winning on-line betting website.

Ian Smith, CEO, commented:

"In July we announced that we had won a series of contracts with Guardian
Newspapers Limited (GNL). That series of multiple contract wins came as a
direct result of our strong commercial relationship with the GNL, which allowed
us to sell a range of products and services across our various subsidiaries.
Following the completion of these acquisitions we will, as an enlarged Group,
be capable of providing our customers with the complete range of products and
services associated with a network solution spend. Our focus is still very much
on being a provider of leading edge technologies and following the acquisition
of Bedrock we are now premier suppliers of Extreme Networks(tm) and Foundry
Networks(tm). Both of these are widely recognised as being the 'best of breed'
solutions for network hardware.

To support our premier supplier status we now have the former UK Managing
Directors of the world's three largest network providers giving us a level of
industry experience and product knowledge on the Group's Board that I believe
is unrivalled in the UK market place."

Acquisition of Bedrock Networks

Bedrock Networks ('Bedrock') was founded in 2001 by the former UK Managing
Director of Extreme Networks(tm), David Grant. A Premier Partner of Extreme
Networks(tm), Bedrock, is a leading network integrator and recently won
contracts
with Exchange Point and the London Internet Exchange, both of which work
extensively with Matrix.

Audited results to 31st July 2003 show an annual turnover of #4.1m and an
Operating Profit of #1.1m. Net assets being acquired are #0.1m and include
deferred revenue of over #0.6m.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of #1.1m, of which #500k was
in cash and #600k in new ordinary shares in Matrix, (20,689,655 shares at
2.90p). Application has been made for these shares to be admitted to AIM and
this is expected to take place on 5th August 2004. Subject to the achievement
of agreed performance targets, a further payment of #235k cash and #300k in
shares may be made after 31st January 2005 and a final payment of #300k cash
and #485k in shares after 31st July 2005. In order for the vendors to receive
the maximum earn-out consideration, of #2.42m, Bedrock will need to achieve
revenues of #3.6m and net profits of #500k for the period 1st August 2004 to
31st July 2005. The vendors have agreed to retain any Matrix shares for a
period of 12 months from the time of issue.

Upon completion David Grant will become a Board Director of the enlarged Group.

Acquisition of Norwood Adam Systems Ltd

Norwood Adam Systems (NASL), which trades as Norwood Adam Distribution, is the
foremost value-added distributor to the UK channel for convergence
technologies, providing voice, data, LAN and WAN solutions and applications for
corporate customers and enterprises of all sizes. Focusing on "Bringing
Networks Together" Norwood Adam provides a service that enables resellers to
sell solutions in an easy and stress-free manner while adding more value to the
end-user. NASL works as a complementary business to the high specification
business of Matrix Network Solutions enabling the Group to capture greater
market share through diversification of branding, territory and customer
profile.

Audited results to 30th April 2003 show an annual turnover of #7.1m and an
operating profit of #1.4m. Net assets being acquired are #400k, and includes
cash of #300k.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of #750k cash. Subject to
the achievement of agreed performance targets, a further payment of #750k cash
may be made after 31st January 2005 and a final payment of #1m in new ordinary
shares in Matrix, (35,335,689 shares at 2.83p), after 31st July 2005. In order
for the vendors to receive the maximum earn-out consideration, of #2.5m, NASL
will need to achieve revenues of #5m and net profits of #500k for the period
1st August 2004 to 31st July 2005. The vendors have agreed to retain any Matrix
shares for a period of 12 months from the time of issue.

Acquisition of Norwood Adam Technical Services

Following the acquisition of Norwood Adam Systems, Matrix has acquired the
remaining 50% of Norwood Adam Technical Services ("NATS") for #1. NATS provides
after sales specialist technical support across the Group's clients through a
24/7 Network Operations Centre (NOC) co-coordinating a nation-wide network of
call-out engineers capable of giving short notice on-site customer support.
Through NATS the Group is able to build a substantial level of recurring
revenue streams through ongoing service contracts agreed at the point of sale
of network hardware and software solutions.

Trading Update

Matrix Communications Group plc announces that it has won a series of contracts
to supply a range of products and services to Betfair. Recently awarded the
`Best use of Technology In Business' Award at the National Business Awards,
Betfair have selected the Group to supply the full array of Local Area Network
equipment, 24/7 ongoing technical support and full security solutions for their
network. The combined value of the contracts is estimated to be in excess of #
1.5m over the next 18-24 months.

As such the Group has, through its commercial relationship with Betfair managed
to execute its cross-selling model to generate business across the range of its
trading subsidiaries.

- Ends -

Further Information:

Ian Smith, CEO

Matrix Communications Group Plc: 01342 871 888

Andrew Tan

Hansard Communications: 020 7245 1100

END



sja123 - 2 Aug'04 - 07:10 - 33311 of 33335


......thats a WOW from me too!!!!!!!!!!!!!!

foreman - 2 Aug'04 - 07:13 - 33312 of 33335


What will this share price open up at

spymaster25 - 2 Aug'04 - 07:14 - 33313 of 33335


2.5p

LOL

ps. out of hospital for 1 day. back in again tomrw.

anyway. cant see 2.5p anywhere

morning all,
if this does`nt make us fly then nothing will.for as long as i have held these shares there has been nothing but good news.regarding the sp,remember how much % it has increased in the last year(when it was offshore telecom).we should see 4p
dexter

MORE...............................


spymaster25 - 2 Aug'04 - 07:14 - 33313 of 33339


2.5p

LOL

ps. out of hospital for 1 day. back in again tomrw.

anyway. cant see 2.5p anywhere

ThaihouseR - 2 Aug'04 - 07:15 - 33314 of 33339


forman ???????????????????????????????????????????

ThaihouseR - 2 Aug'04 - 07:16 - 33315 of 33339


spy joker???????????????

SAGEM - 2 Aug'04 - 07:17 - 33316 of 33339


Embargoed Release: 07:00hrs Monday 2nd August 2004

Matrix Communications Group plc

('Matrix' or the 'Group')

Multiple Acquisitions and Trading Update

Matrix Communications Group plc is delighted to announce that, in line with its
strategy to become the UK's leading integrated network solutions provider, it
has completed a further three acquisitions. The combined contribution to the
Group will be a further 8.6m annual turnover and 1m profit before tax.
Following the acquisitions, and subsequent Board addition, the Group will
include the former UK Managing Directors of Cisco Systems, Foundry Networks and
Extreme Networks amongst its members. It is believed that this depth of
industry experience and widespread product knowledge is a first in the sector
and differentiates the Group as the UK's premier integrator of leading edge
technologies.

Concurrently, the Board also provides a trading update on a multiple contract
win with Betfair by way of demonstrating its proven ability to enhance the
value of its acquisitions through a cross-selling model executed across its
extensive network of commercial relationships. Betfair is a multiple award
winning on-line betting website.

Ian Smith, CEO, commented:

'In July we announced that we had won a series of contracts with Guardian
Newspapers Limited (GNL). That series of multiple contract wins came as a
direct result of our strong commercial relationship with the GNL, which allowed
us to sell a range of products and services across our various subsidiaries.
Following the completion of these acquisitions we will, as an enlarged Group,
be capable of providing our customers with the complete range of products and
services associated with a network solution spend. Our focus is still very much
on being a provider of leading edge technologies and following the acquisition
of Bedrock we are now premier suppliers of Extreme Networks and Foundry
Networks. Both of these are widely recognised as being the 'best of breed'
solutions for network hardware.

To support our premier supplier status we now have the former UK Managing
Directors of the world's three largest network providers giving us a level of
industry experience and product knowledge on the Group's Board that I believe
is unrivalled in the UK market place.'

Acquisition of Bedrock Networks

Bedrock Networks ('Bedrock') was founded in 2001 by the former UK Managing
Director of Extreme Networks, David Grant. A Premier Partner of Extreme
Networks, Bedrock, is a leading network integrator and recently won contracts
with Exchange Point and the London Internet Exchange, both of which work
extensively with Matrix.

Audited results to 31st July 2003 show an annual turnover of 4.1m and an
Operating Profit of 1.1m. Net assets being acquired are 0.1m and include
deferred revenue of over 0.6m.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of 1.1m, of which 500k was
in cash and 600k in new ordinary shares in Matrix, (20,689,655 shares at
2.90p). Application has been made for these shares to be admitted to AIM and
this is expected to take place on 5th August 2004. Subject to the achievement
of agreed performance targets, a further payment of 235k cash and 300k in
shares may be made after 31st January 2005 and a final payment of 300k cash
and 485k in shares after 31st July 2005. In order for the vendors to receive
the maximum earn-out consideration, of 2.42m, Bedrock will need to achieve
revenues of 3.6m and net profits of 500k for the period 1st August 2004 to
31st July 2005. The vendors have agreed to retain any Matrix shares for a
period of 12 months from the time of issue.

Upon completion David Grant will become a Board Director of the enlarged Group.

Acquisition of Norwood Adam Systems Ltd

Norwood Adam Systems (NASL), which trades as Norwood Adam Distribution, is the
foremost value-added distributor to the UK channel for convergence
technologies, providing voice, data, LAN and WAN solutions and applications for
corporate customers and enterprises of all sizes. Focusing on 'Bringing
Networks Together' Norwood Adam provides a service that enables resellers to
sell solutions in an easy and stress-free manner while adding more value to the
end-user. NASL works as a complementary business to the high specification
business of Matrix Network Solutions enabling the Group to capture greater
market share through diversification of branding, territory and customer
profile.

Audited results to 30th April 2003 show an annual turnover of 7.1m and an
operating profit of 1.4m. Net assets being acquired are 400k, and includes
cash of 300k.

These results are drawn up on accounting policies consistent with those of
Matrix.

On completion Matrix paid an initial consideration of 750k cash. Subject to
the achievement of agreed performance targets, a further payment of 750k cash
may be made after 31st January 2005 and a final payment of 1m in new ordinary
shares in Matrix, (35,335,689 shares at 2.83p), after 31st July 2005. In order
for the vendors to receive the maximum earn-out consideration, of 2.5m, NASL
will need to achieve revenues of 5m and net profits of 500k for the period
1st August 2004 to 31st July 2005. The vendors have agreed to retain any Matrix
shares for a period of 12 months from the time of issue.

Acquisition of Norwood Adam Technical Services

Following the acquisition of Norwood Adam Systems, Matrix has acquired the
remaining 50% of Norwood Adam Technical Services ('NATS') for 1. NATS provides
after sales specialist technical support across the Group's clients through a
24/7 Network Operations Centre (NOC) co-coordinating a nation-wide network of
call-out engineers capable of giving short notice on-site customer support.
Through NATS the Group is able to build a substantial level of recurring
revenue streams through ongoing service contracts agreed at the point of sale
of network hardware and software solutions.

Trading Update

Matrix Communications Group plc announces that it has won a series of contracts
to supply a range of products and services to Betfair. Recently awarded the
`Best use of Technology In Business' Award at the National Business Awards,
Betfair have selected the Group to supply the full array of Local Area Network
equipment, 24/7 ongoing technical support and full security solutions for their
network. The combined value of the contracts is estimated to be in excess of
1.5m over the next 18-24 months.

As such the Group has, through its commercial relationship with Betfair managed
to execute its cross-selling model to generate business across the range of its
trading subsidiaries.

- Ends -

Further Information:

Ian Smith, CEO

Matrix Communications Group Plc: 01342 871 888

Andrew Tan


ThaihouseR - 2 Aug'04 - 07:17 - 33317 of 33339


peps must still be in bed??????????

cappagh - 2 Aug'04 - 07:19 - 33318 of 33339


This shows MXC mean business and in a few years
time mxc will be big, BIG TIME.
All as predicted by IS in his interview.................

cableguy00 - 2 Aug'04 - 07:23 - 33319 of 33339


That's a WOW !!!!!!!!!!! from lil' ol' me too !!!!!!!!!!

Mornin'all ...

foreman - 2 Aug'04 - 07:24 - 33320 of 33339


OK then WOW

pbo - 2 Aug'04 - 07:24 - 33321 of 33339


sounds good---yeehaaaaa

grevis - 2 Aug'04 - 07:25 - 33322 of 33339 edit


WoW>>>>>>>>>>>>>>>>>>>>>>>>>

grevis - 2 Aug'04 - 07:26 - 33323 of 33339 edit


Got to put the kettle on and read that again, WOW!

Stroudy1 - 2 Aug'04 - 07:26 - 33324 of 33339


Excellent news, so they've done a mixture of cash, shares & shares on target delivery as expected. I especially like the NAS acquisition, cash up front & no shares for a year. Only 2% extra shares will be coming onto the market at this moment in time, I imagine this bit is a head of market expectations... Still digesting this info :-)

Good news re- betfair too, MXC is really pulling things together.

WELL DONE TO ALL AT MXC

tomgiles - 2 Aug'04 - 07:26 - 33325 of 33339


fuck me,that is one hello of an RNS!!

4p on the cards by 8.30 today.would be good to get a new brokers report today as well.as 4.75p target price seems far far too low

ThaihouseR - 2 Aug'04 - 07:30 - 33326 of 33339


tom nice if we can get a new brokers report agree about being out of date now?

Stroudy1 - 2 Aug'04 - 07:31 - 33327 of 33339


Just a bit of info on bedrock:




Bedrock Networks was established in 2001 to provide service providers, the public sector, higher education and enterprise with a model of working that focuses on delivering innovative, scalable and low risk solutions.

Founded by a dynamic and knowledgeable management team, Bedrock Networks has built a broad and loyal customer base through delivering and supporting high performance WLAN/LAN/MAN/WAN, Network Security and Content Delivery solutions. These solutions are supported by a comprehensive range of Networking Services including:


Design Consultancy
Health Checks/Network Audits
Security Testing
Implementation
Management
Technical Assistance Centre
E-support
Our solutions are based on a strong portfolio of products that deliver first class performance and value. Focusing on this carefully selected portfolio enables us to maintain the highest levels of maintenance, support and service.


Ratsnaks - 2 Aug'04 - 07:32 - 33328 of 33339


Starting the markup now - .25 at a time!!!

sja123 - 2 Aug'04 - 07:33 - 33329 of 33339


The story of this company just gets better and better..........the strength and depth of the Board is exceptional.......so much experience and even more contacts now with Extreme Networks premier partner Bedrock on board.......interested to see Saffy's take on all this......from a technical side...

ranoszek - 2 Aug'04 - 07:33 - 33330 of 33339


those 3 names at the top are amazing. Our company is going to make it very big.

ThaihouseR - 2 Aug'04 - 07:34 - 33331 of 33339


pre market prices 3.95p offer 3.75p bid

traideMark - 2 Aug'04 - 07:34 - 33332 of 33339


wow has anyone ever seen a news release like that .... any idea on what will happen to the price?

grevis - 2 Aug'04 - 07:36 - 33333 of 33339 edit


It's going to go ballistic!

MORE......................................


fernandesb - 2 Aug'04 - 07:36 - 33334 of 33339


Notice that ADVFN has not highlighted the announcement

chillichap - 2 Aug'04 - 07:37 - 33335 of 33339


Blimey! This is huge. Puts our predictions in the shade somewhat. Expect to see a shockwave of media reporting on all of this. 4p? I think that will be ancient history!

Well done Matrix!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

P.S. Long-termers - hold on to your hats.

martincoops - 2 Aug'04 - 07:37 - 33336 of 33339


Morning all

Well was that it.... a bit dissapointed NOT

Have a great day everyone and enjoy your day off CC



Stroudy1 - 2 Aug'04 - 07:38 - 33337 of 33339


Just having a look at Betfair, it looks pretty big. They run in 12 other countries, including the US. MXC supplying the whole package is excellent news.

cappagh - 2 Aug'04 - 07:38 - 33338 of 33339


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cappagh - 2 Aug'04 - 07:39 - 33339 of 33339



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HI ALL FROM WANTU DO U THINK I SHOULD SEE THE HIGH TODAY SELL AS IT ALLWAYS GOES DOWN A BIT THEN BUY ,THE SAME BACK IN AT LOWER PRICE,,

wantu777: Just hold onto your hat!

DAH WHATS ALL THAT ABOUT WE WAS UP TOO 4.05 TOO BUY AT 8.05 THEN DOWN 3.90 AT 8.15 BLOOMING PROFIT TAKERS GGGRRRRRR

Now climbing again!

WILL 5 HAPPEN TODAY HEE HEE

Just wait until the press pick up on this!

Today's Newspaper Roundup
AFX
Google, Flying Brands and Matrix Communications in focus...

Financial Times - THE LEX COLUMN comments on Google (valuation hardly frugal), Low market volatility, Private equity.

Independent - Small Companies Notebook: Stephen Foley comments on EDEN RESEARCH, HUVEAUX, FLYING BRANDS, MATRIX COMUNICATIONS, HANSARD

to be updated

Those who sold last week must be feeling sick today!

Volume Leaders

EPIC Name Price Volume
1 (1) VOD Vodafone Grp. 118.25 21,053,000 A
2 (2) HSBA Hsbc Hldgs.UK 821.5 18,895,300 A
3 (3) ISYS Invensys 15.5 14,488,500
4 (4) BGY Br.Energy 19.0 10,289,300
5 (5) ANL Abbey Nat. 579.0 9,910,640 A
6 (6) MXC Matrix Comms. 3.825 8,394,800

Matrix Communications on the acquisition trail
MoneyAM
Matrix Communications Group PLC said its annual turnover will be boosted by 8.6m and profits will grow by 1m a year after it completed a further three acquisitions.

Concurrently, the board also said it has won a series of contracts with Betfair. Betfair is a multiple award winning on-line betting website. The combined value of the contracts is estimated to be in excess of 1.5m over the next 18-24 months.

Matrix CEO, Ian Smith, said the enlarged group will be capable of providing customers
with the complete range of products and services associated with a network solution spend. The focus is still very much on being a provider of leading edge technologies, the board said.

The companies acquired are Bedrock Networks, a leading network integrator which has recently won contracts with Exchange Point and the London Internet Exchange, both of which work extensively with Matrix.

On completion Matrix paid an initial consideration of 1.1m, of which 500,000 was in cash and 600,000 in new ordinary shares in Matrix. The maximum earn-out consideration of 2.42m depends upon Bedrock achieving revenues of 3.6m and net profits of 500,000 for the period Aug 1st 2004 to July 31st 2005.

Matrix has also acquired Norwood Adam Systems Ltd, the foremost value-added distributor to the UK channel for convergence technologies, providing voice, data, LAN and WAN solutions and applications for corporate customers and enterprises of all sizes. On completion Matrix paid an initial consideration of 750,000 cash and a further performance-related payment of 750,000 cash may be made after Jan 31st 2005, with a final payment of 1m in new ordinary shares in Matrix after July 31st 2005.

The third acquisition is of the remaining 50% of Norwood Adam Technical Services for 1m. NATS provides after sales specialist technical support across the group's clients through a 24/7 Network Operations Centre (NOC)co-coordinating a nation-wide network of call-out engineers capable of giving short notice on-site customer support.

In early trading, Matrix shares were ahead 4.2% at 3.75p

ALL IM SAYING FOLKS IS WITH ALL THIS GOOD NEWS AND WRITE UPS THIS SHOULD BE HITTING 4.75 NOW...BUT ITS STRUGGLING

from Daniel Stewart Stockbrokers

Broker Upgrade:

Matrix Communications, the data network, VOIP (voice over IP) and network security systems integrator, has announced the completion of three acquisitions and a contract with Betfair worth more than 1.5m over the next two years. The acquisitions fit with the companys strategy of becoming a high margin systems integrator offering services in a number of high growth areas to the UK corporate and public sector. As a result of the acquisitions, we are upgrading our EPS forecasts for FY05 and FY06 and believe our price target of 4.75p, a 25% premium to the current price and equivalent to a 2005 PER of 22.6x, is a realistic interim goal.

The acquisition of Bedrock Networks, a network systems integrator of gigabit Ethernet switches from Extreme Networks (NASDAQ: EXTR), complements Matrixs existing core business, Matrix Network Solutions (MNS). MNS is the largest of the three UK value added resellers (VARs) for the products of Foundry Networks (NASDAQ: FDRY) a rival supplier of gigabit Ethernet switches. Matrix and Bedrocks customers are among the heaviest network users and there is some existing cross over. For example, Exchange Point and the London Internet Exchange are customers of both companies. The acquisition serves to diversify Matrixs offering and reduces its exposure to a single supplier.

Gigabit Ethernet switches are premium products with few qualified VARs and continue to enjoy premium pricing unlike the commodity sub-gigabit Ethernet market that is dominated by Cisco. As a result, MNS and Bedrock generate 25%+ gross margins, compared with the more typical 15-20%. The companies also generate much higher revenues per head than the rest of the sector. Matrix will pay a maximum consideration of 2.4m for Bedrock that had revenues of 4.1m for the year to 31st July 2003 and an operating profit of 1.1m. The acquisition will be earnings enhancing for FY05.

As with previous acquisitions, Matrix has used a mixture of cash and shares with an initial payment and a performance-related deferred consideration in order to tie-in vendor managers to the future performance of the business. The initial consideration of 1.1m is split 0.5m cash and 0.6m in shares (20.7m at 2.9p). Thereafter 0.2m in cash and 0.3m in shares will be paid after January 31st 2005 and 0.3m in cash and 0.5 in shares after July 31st 2005. For the vendors to receive the full earn-out, the business needs to achieve revenues of 3.6m and pre-tax profit of 0.5m for the 12 months to August 31st 2005. We have assumed these targets are achieved in our forecasts. Matrix has also announced the acquisition of Norwood Adam Systems Ltd (NASL), that trades as Norwood Adam Distribution, is a leading value-added distributor to the UK channel for convergence technologies, providing voice, data, LAN and WAN solutions andapplications for corporate customers and enterprises of all sizes. The acquisition will enable Matrix to capture more market share through diversification of branding, territory and customer profile. Daniel Stewart & Co acts as broker and nominated advisor to Matrix Communications plc

morning grevis2,
are you on commission from matrix?,
thanks for all your research,although no fireworks it`s still a nice steady climb day on day.

Oh Dear
All this good news and it looks like we could end up down today!!!!
Bloody day traders

We shall see. Should start to climb back from here. Lets face it, people were buying in at 4.05p this morning. Now you can top up for 3.7p.

I KNOW I MOAN BUT I WISH I SOLD OUT ,COULD OF GOT 3.90 SELL THIS MORNING EVERY TIME THIS COMPANY HAS GOOD NEWS , UP IT GOES THEN DOWN IT GOES, ITS NO BETTER AFTER THE GOOD NEWS THAN IT WAS FRIDAY, WHY CANT IT HOLD ITS PRICE AND RISE FOR GODS SAKE,

I think it's because there are a stack of shares in issue, + all the new issued shares from these acquisitions the price becomes diluted. MXC needs to start a buy back programme within the next 2 years. Does anyone know exactly how many shares are now currently in issue?

Ted1 - Seems around 1125 million

Thanks oakapples

Does anyone think that's excessive?
How does this figure compare to other companies and there share price, be them from this sector or others?
Thanks in advance guys.

at 4p thats 5000,million pence which is 50,million pounds how can this small company be worth so much yet whats going on ?

cant find there email address as i was going too ask them why so many shares have been released ,and do they think the company can be worth 50,million pounds

something is not right.

OH NO LOOK AT THIS NOW ITS GONE LESS THAN THURSDAY, HOW CAN IT HIT 4P AFTER GOOD NEWS THEN DROP TOO 3.5PTHE SAME DAY WITH ALL THIS GOOD NEWS ,SOMETHING STINKS

LOOK OVER 500,000 BUY IN , IN THE LAST HOUR NO SELLS BUT THE PRICE DID NOT MOVE UP A JOT WHY?

hi wantu777

1 The shares in issue have always been the issue. The talk of 1 price would put this company into the FTSE100 bracket.... no way for a long while.

2 There are alot of people short term trading this for quick profits

3 It has to build itself from here

4 The need for some institutional holders is needed

5 Be patient, if you want more return then sell high and buy back in lower taking small profits

6 It may still move if the sector picks up

All imo and good luck

CAN ANYONE TELL ME WHY SO MANY PEOPLE ARE SELLING OUT THIS MORNING, ILL NEVER MAKE THIS COMPANY OUT,YOU GET GOOD NEWS , THEN SELL OUT IM BAFFLED..

Wantu

If you want to experience true frustration try buying Cybit, 4 mill buys today versus 50,000 sells, result SP up 0.1%!!!!! Good grief, but you just have to laugh, LOL, LOL!!!

Regards

PTH

wantu777 - Me thinks stockpick (180) has given you a well informed answer but I must admit to feeling like you (although not quite so often!!).

Morning all. Quite a roller coaster ride over the past 24 hours. Price shoots above 4p on an amazing announcement only to see the stock fall into the red. That must be the daftest reaction in history. What it does prove however is that this stock is still capable of rising to 4p again, but not without volatility on the way. Good luck!

AS SOON AS THIS EVER GETS TOO 4P AGAIN IM OUT ..JUST LOOK AT IT NOW, HOW CAN A COMPANY BE WORTH LESS. THAN 3 MONTHS AGO AFTER ALL THE GOOD NEWS ,NO I DONT CARE WHAT U SAY, I SMELL A RAT..

wantu777: I just wonder if it's the summer malaise coupled with the fear that terrorists have targeted financial institutions in the USA.

mmmm maybe it just seems no mater what this company does , the share price goes up then down again...

it`s alright blaming this that and anything else that seems to make an excuse,but the simple fact is that this co.,having multiplied several times when it was offshore telecom,has reached just about as far as it is going.if good results,aquisitions of profitable companies,multiple contracts worth a few quid,and good management does`nt push it up then nothing will.remember the market cap is quite high for a small co.
IMO the best thing to do is take what profit you have and put it something else,like speculative oil companies!!.
dexter

Great minds think alike, that's exactly what I did Dexter. Went for DES in the end. Shall come back to MXC in 12 months I think.

TOO LOW NOW SELL AT 3.25P YESTERDAY COULD OF GOT 3.9P I BOUGHT 2ND LOT OVER 2 MONTHS AGO AT 4P. GGGRRRRR

.

.

its died lets face it

Morning wantu777. No it's just waking up again. Some nice buys have started to appear. I think the trouble with the other day was that when MXC hit 4p it was the signal to sell and as it fell then confidence ebbed away. That coincided with the scare about terrorists targeting US financial institutions which did not help market sentiment at all. Confidence now seems to be returning and with luck MXC should gradually return to the price it held before that excellent RNS.

do u think interest rates going up today will also slow it.normally does for a day, then picks up again. grevis by the amount of shares this company has put out it would value the company at around , 42.million pounds at mo do u think thats realistic.

wantu777: MXC has now assembled an amazing team and with all the acquisitions and contract wins everything seems to be coming together nicely. As to their current market cap, I don't think it is unrealistic. I think because of all that's been going on it's perhaps time to trawl through all the announcements and work out some figures for turnover, etc. At a rough guess I would say that MXC are probably worth around 1 years turnover. Back in the spring the CEO stated that turnover was set for 20-25 million, then add in the 8.5 million from the latest 3 acquisitions, plus all the other deals that have been done in between and we must be there.

wantu777: I've posted on another BB to see if anyone has had the inclination to work out some figures,

Now that the BOE has increased rates by less than expected, it should bring some cheer to the markets.


BoE raises interest rates by quarter point
an ADVFN competitor
A further quarter point rise in UK interst rates, announced by the BoE Monetary Policy committee at high noon is expected to have largely been written into FTSE projections and should do little to dampen the burgeoning recovery in blue chip stocks.

There had been talk of a more aggressive half point move following an exceptionally strong survey into the manufacturing sector earlier this week. Today's disappointing official manufacturing output data would probably have tempered any such move, analysts said. Today's rise is the 5th quarter point increase since last November as the BoE seeks to rein in inflationary pressures stemming from rampant consumer spending at a time when the economy is operating at, or near, capacity.

Though it sometimes takes a year or two for an increase in borrowing costs to feed through into behaviour, analysts said there is some evidence that the MPC's "gradualist" approach to raising interest rates is reaping dividends, particularly in the housing market.

Back in the Blue - nearly as exiting as supporting Chelsea

I prefer Chelsea buns myself!

Off topic: Have a look at RAF. Just announced a cracking turn around. Market cap is less than 50% of turnover and looks as though they are returning to profit. Shares are up 60% but don't let that put you off. They remind me of MXC 6 months ago.

MXC have settled down nicely today. Well pleased!

grevis - your RAF looks "Bang on" "Wizzo" "Old Boy" just missed out at 1.0p not prepared to pay 1.25p. Will take another look to-morrow. Agree on MXC

For you guys : out yesterday.

Smaller companies spotlight
Pat Lay's
small caps, This Is Money
5 August 2004

Some to watch out for

Matrix

Following the announcement of three acquisitions and a contract with Betfair worth more than 1.5m over the next two year, data network group Matrix Communications is a 'long term buy' at 3.8p a share, says David Johnson at Daniel Stewart. He sets a target price of 4.75p.

http://www.dailymail.co.uk/pages/dmstandard/frame.html?in_bottom=http:%2F%2Fwww.thisismoney.com%2Fnews.asp&in_page_id=1804

WOW! 47p for 4,500 shares!

YES BUT LOOK DOWN AGAIN, WHATS IT GOING TOO TAKE FOR THIS COMPANY TOO STOP ME TAKEING VALLIUM EVERY TIME I TURN ME PC ON, AND SEE YET AGAIN DOWN DOWN DOWN..

SUE, YOU DONT MEAN 4.75 IN 2 YEARS TIME . SURELY 2 WEEKS..

Just been wondering how Ian Smith managed to persuade so many top people to throw in their lot with MXC. What a team!

Following the acquisitions, and subsequent Board addition, the Group will
include the former UK Managing Directors of Cisco Systems, Foundry Networks and
Extreme Networks amongst its members. It is believed that this depth of
industry experience and widespread product knowledge is a first in the sector
and differentiates the Group as the UK's premier integrator of leading edge
technologies.

From today's Investors Chronical:

Matrix continues to grow impressively
Matrix Communications is further bolstering its offerings by splashing out up to 4.9m on three new businesses. This is the latest in a long line of positive announcements from the integrated network solutions provider since it changed its name from Offshore Telecom in March. Buoyed by a number of impressive contract wins and a strong management team, which includes the former UK managing directors of Cisco Systems, Foundry Networks and Extreme Networks, Matrix has transformed itself.

The key has been to add both network services and critical mass via acquisitions. And the latest additions - Bedrock Networks, Norwood Adams Systems (NASL) and the remaining 50 per cent of Norwood Adam Technical Services (NATS) - further endorse this strategy.

The combined contribution to the group will be a further 8.6m annual turnover and 1m profit. Importantly, as well as strengthening the group's customer base, the additions should enable Matrix to capture greater market share through diversification of branding, territory and customer profile.

Matrix has also announced that it has won a series of contracts - worth over 1.5m over the next 18-24 months - to supply a range of products and services to Betfair.

The evolution of Matrix has been rapid. And underpinned by its aggressive acquisition strategy (totalling six in 18 months), the group looks set to continue increasing market share. It has clearly demonstrated its model by winning new contracts and further earnings-enhancing acquisitions can be expected.

Nice to see the price is moving ahead again.

We are blue. MMs driving us forward. Good lads!

Maximum online buy at 3.33p is currently 150K.

BUT WHY SUCH A BIG SPREAD, IVE NOTICED WHEN THERES ONLY .05 IN SPREAD A LOT MORE BUYS.. NOW THERES .20 WHATS ACCURRING

wantu777: I think the MMs must have read your thoughts. They've just pulled up the bid.

We could see the weekend press picking up on what's been happening with MXC . It's worth noting that Investor's Chronicle mentioned 'further earnings-enhancing acquisitions can be expected'. Interesting.

Grevis
Good news all round. What is the Investors Chronicle?

Ted1: It's reckoned to be one of the most informed financial weekly publications. They seem to have a lot of influence with small investors, especially those who like penny stocks.

Is it a weekly or monthly publication and how much is it? Cheers Grevis

From danielstewart.co.uk :

As anticipated, there has been some profit-taking over the past two months after a very strong share price performance during 2004 (See note 1 st June 2004). On the basis of our revised forecasts, the company is currently trading on a FY05 PER of 18.0, falling to 13.9 for FY06. By contrast the UK Software and Services sector is trading on a FY05 PER of 13.6x falling to 11.7x in FY06.
We believe that a premium is warranted given Matrixs margin strength (EBITDA
margins of 16% compared with other VARs with 5%), operations in high growth markets (high speed networking, security and VOIP), a blue chip customer base and considerable cross-selling opportunities. Our forecasts also do not include the impact of large contracts where Matrix has been shortlisted for consideration, most notably Vodafone Global. We maintain our long term buy recommendation and 4.75p price target, equivalent to a FY05 PER of 22.6x.

From another BB:

Gigabit Ethernet switches are premium products with few qualified VARs and continue to enjoy premium pricing unlike the commodity sub-gigabit Ethernet market that is dominated by Cisco. As a result, MNS and Bedrock generate 25%+ gross margins, compared with the more typical 15-20%.

The companies also generate much higher revenues per head than the rest of the sector.
---

sounds good.

Ted1

Available at all newsagents fridays weekly 3.25 or Year 120.

Many thanks seadog

Nice bit of buying at the end of the day. Bodes well for Monday.

Morning all. NIce bit of buying since 9.00 AM

6 August
Investors Chronical:

Matrix continues to grow impressively
Matrix Communications is further bolstering its offerings by splashing out up to 4.9m on three new businesses. This is the latest in a long line of positive announcements from the integrated network solutions provider since it changed its name from Offshore Telecom in March. Buoyed by a number of impressive contract wins and a strong management team, which includes the former UK managing directors of Cisco Systems, Foundry Networks and Extreme Networks, Matrix has transformed itself.

The key has been to add both network services and critical mass via acquisitions. And the latest additions - Bedrock Networks, Norwood Adams Systems (NASL) and the remaining 50 per cent of Norwood Adam Technical Services (NATS) - further endorse this strategy.

The combined contribution to the group will be a further 8.6m annual turnover and 1m profit. Importantly, as well as strengthening the group's customer base, the additions should enable Matrix to capture greater market share through diversification of branding, territory and customer profile.

Matrix has also announced that it has won a series of contracts - worth over 1.5m over the next 18-24 months - to supply a range of products and services to Betfair.

The evolution of Matrix has been rapid. And underpinned by its aggressive acquisition strategy (totalling six in 18 months), the group looks set to continue increasing market share. It has clearly demonstrated its model by winning new contracts and further earnings-enhancing acquisitions can be expected.

Another tick up. Now that's better!

BUT ITS DOWN AGAIN

what the hell is happening this share is down 25% in one week..all the talk all the hype as not helped a jot...

Matrix reloads on acquisition front
MCG adds Norwood Adam and Bedrock Networks to earlier buys
Ben Tudor, Computer Reseller News 08 Aug 2004
ADVERTISEMENT

Matrix Communications Group (MCG) has bought distributor Norwood Adam and reseller Bedrock Networks for 2.5 and 2.4m respectively.

The valuations depend on both firms meeting performance targets.

MCG, which changed its name from Offshore Telecom in March this year, also paid 100,000 last year for a half-share in Norwood Adam Technical Services, a network operations centre business set up by the distributor which reported a turnover of 614,000 for its latest financial year.

MCG also bought Intrinsic Networks in December 2003 and Decorum Networks in April this year, and owns a reseller arm: Matrix Network Solutions.

Manny Pinon, sales and marketing director at Norwood Adam, said: "It's going to be business as usual for us, except with the clout of a plc behind us. There will be no changes, except that we are now recruiting."

Andy Palmer, UK managing director of Foundry Networks, said the deal will make Matrix one of the largest networking integrators in the country, providing alternative products to those of Cisco.

But Jon Murphy, product manager at VAR Data Integration, expressed concerns. "It will be interesting to know how it will handle the conflict of interest between distribution and reselling. It would be unwise to jump to any conclusions, but it does create a potential doubt," he said.

Pinon added: "Stigmas about this sort of thing have eroded. For example, take Computacenter and Metrologie. If VARs have an issue, I urge them to call me."

Bedrock, an Extreme reseller founded in 2001, recorded turnover of 4.1m and a profit of 1.1m for the year ended 31 July 2003. David Grant, who set up Bedrock after leaving his position as Extreme's UK managing director, will take a seat on MCG's board

you only have to look at the ftse,aim,techmark to see why this aint flying

can someone explain why when there is over 750,000 straight buys the price does not move up and yet a sell of say 150,000 and down it goes gggrrrr matrix

Seems as though the MMs are reacting to sellers rather than buyers. Just makes me wonder if there is a big sell order in the background.

grevis, is it me or is advfn still down?

Still down PM.

btw That 340k buy was mine, was rather hoping it would have moved something!

cheers

ok, at least they have dropped the online buying limts by 50%.

in fact they have now switched completely. Can now sell 1.5m on comdirect buy 375k

petermoran: MoneyAM and ADVFN have both been down today. Real pain in the neck. Fortunately they are now back and seem to be OK.

seems if u bought 100,million the price wouldnt go up much

Looks like some steady buying today, should see a tick up soon.
Been looking at other stuff FAR for one. Remember this has to be a long term hold there are to many shares afloat and to many people day trading it.
Put your money in and watch it grow slowly.
WANTU thought you would have sold out by now? Chill man

I HAVE JUST SEEN A SELL OR BUY OF 2,700.000 AT 3P SELL WAS 2.95 BUY WAS 3.10 BUT DO THEY BUY AT A SPECIAL LOWER RATE IFF BUYING THAT MANY ? SOMETHINGS OCCURING..

i hope it was a buy,if not i`ll be saying goodbuy to mxc

TED I CANT SELL MAN MY 2ND HALF COST ME 4P WISH I HAD SOLD LAST MONDAY IT HIT 4P FOR 10 SECS BUT BY 8.I5AM DOWN IT WENT AND IT DID NOT STOP GOING DOWN GGGRRRRR

Could this be the reason for those sales. Old Offshore Directors unloading?

Offshore Telecom PLC
14 July 2003
OFFSHORE TELECOM PLC
BOARD CHANGES AND DIRECTORS' SHAREHOLDINGS
Further to the announcement on 3 July 2003, Offshore Telecom Plc ('Offshore
Telecom') announces that David Bland, Philip Mehrtens, Michael Yarrow and
Patrick Roberts have resigned as Directors with effect from 12 July 2003.

Continuing and past non-executive Directors have elected to take the
remuneration owed to them in the form of new ordinary shares in Offshore
Telecom. Accordingly, new shares have been allotted at a price of 0.525p on the
following basis :

Michael Frank (Michael Frank Associates) : 2,666,476 shares;

Keith Mills (KEM Management Ltd.) : 1,077,143 shares;

Michael Yarrow : 2,461,524 shares;

Patrick Roberts (PJR Consulting Ltd.) : 2,461,524 shares.

Admission to dealings on AIM in the new shares will be sought.

As part of the arrangements relating to the resignation of David Bland, Keith
Mills has agreed to acquire 9,523,809 Offshore Telecom ordinary shares from Mr.
Bland at a price of 0.525p per share.

The continuing Directors are interested in the following shareholdings :

Michael Frank : 12,074,187 shares (1.3% of the enlarged share capital);

Ian Smith : 342,142,858 shares (38.0% of the enlarged share capital);

Keith Mills : 51,599,497 shares (5.7% of the enlarged share capital).

With the exception of shares received as past remuneration and the share
transfer referred to above, the continuing and past Directors have agreed to
restrictions on the sale of shares in which they are interested :

David Bland, Philip Mehrtens, Patrick Roberts and Michael Yarrow have undertaken
not to sell any Offshore Telecom shares for a period of 6 months and to sell
only through Offshore Telecom's stockbroker during the following 6 months.

Michael Frank and Keith Mills have undertaken not to sell any shares for a
period of 12 months.

Ian Smith continues to be bound by an undertaking not to dispose of any shares
before 28 April 2004.

Wall Street closes 130 points up!

That's just what the Dr ordered. I mean dear old Dr.Greenspan of course. He's managed the USA through a tremendous period of growth and from Wall Street's reaction (up 130 points) things ain't so bad after all. That quarter point rise was well received and they reckon Wall Street's now heading back over that psychologically important 10,000 barrier. This will be good for UK markets tomorrow and should see all sectors moving ahead. I would expect MXC to join in the fun and rise from its currently oversold position.

Happiness thy name is Greenspan!

Dexter01:

The price is where we came off the bottom last time. Shareholders large or small are allowed to get frustrated, as we all have from time to time. Some sell, others sit on their hands and others dip a toe in the water. Just remember that shares can go up and down. They are by their nature a gamble but unlike the horses you get more than one crack of the whip. There's no doubting the fact that MXC is developing into a powerful force in its field and now has some of the best brains in the business. Sell if you will, but when the rebound comes there will be more to be gained than lost at these levels. DYOR and be lucky!

grevis,

Sorry but your post is full of cliches.

Fact is that the trend it down and unless we hit another bull run it's gonna stay that way.

Salford: Sorry you feel that way. This item may be of interest to you. It's just been posted on ADVFN:


Stroudy1 - 11 Aug'04 - 08:32 - 34751 of 34752


This post is taken from iii BB, there had been a deramper trying to make a big issue out of ISs job title at Foundry (like it matters), Ian Smith e-mailed this response to one of the posters on there:

Thanks for your email. I was actually on holiday when this release went out and have only just returned. I will look into it for you today and report back.

As for the job role bit, I can tell you that my contract of employment stated Regional Director but I was variously described as Sales Director and Managing Director during the 2 years that I ran the UK operation. Andy Palmer is the VP for Europe, Middle East and Africa (EMEA) and was my boss! The fact is I was a director and ran the UK.

What I can tell you is that we are building a very strong business, with some of the best people I have ever worked with and we will deliver more than 11m turnover this year and substantial profits. This is practically a 7 fold increase on last year and we will deliver further exceptional growth in 2005. I would be amazed to see another company in the UK in our field doing anything like this let alone making profit! Our industry is littered with low quality companies that brag about their turnover but barely survive from one year to the next on negligible profit and this is where Matrix is entirely different. Our existing businesses continue to grow aggressively in an organic fashion with Matrix Network Solutions alone increasing from 1.3m last year to circa 5m this year. On top of this we will add more complimentary businesses via acquisition and this will further stimulate the powerful cross selling that is now taking place. Our success naturally attracts critics but our future results will count and it is against these we will be judged not whether my job role was Managing Director, Sales Director or Regional Director!
Thanks again for your email.

Regards,

Ian

I've recently purchased just under 300,000 shares in Matrix around the 3.25p mark. I'm looking at this investment as a hold for at least 2 years but expect to gain from growth in the share price before Christmas this year.

However, I am surprised that despite countless positive announcements about aquisitions, rising revenues and profits the share price cannot seem to break above the 5p level and remain so. Is this problem due to the market makers shaking out nervous investors before a large and sustained price rises? the present bearish market outlook or because the City is not convinced the company's prospects are as glowing as the company's announcements.

I would be interested to hear other comments

1704

If you look at the Sector chart for telecomms over the last two years, May - Sept tends to be in the doldrums and improves over the last 1/3 of the year, perhaps this year will follow suit? Have a look at the link.

http://uk.finance.yahoo.com/q?s=^FTTN&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l

Regards

PTH

Cheers pt for posting the link and explaination answering my earlier questions. Your message made good sense and reminds me of the old saying
''sell in may and come back on St.Ledgers day'' yawn yawn.

Seriously though I continue to view my holding in this company as a long term speculative buy. However, I hope it reaches and sustains the 5p mark before xmas.

Does anyone out there feel this is possible?

1704, Hello there, Anything on the SP is possible but let me say this, in MXC we appear to be following a very sound prospect so strong that many Investors with far more knowledge, experience etc. than I,feel that the SP went too far ahead too quickly(approx. 5p+) and one of the consequences was a "volatile pattern" in trading which will take time and more RNS news re contracts/acquisitions to rectify! We also appear to be going through the period where hopefully, Institutions are taking up positions and this again is another reason for the SP remaining at or around 3p. Therefore your question re "5p mark before Christmas" remains open i.e. IMHO it,s possible BUT I will not consider that MXC have failed us if it does not happen. I,m in for the best results from MXC and we all know they are still building. Please remember DYOR & read as much posted by the posters with lots of MXC info. to offer. Rgds. & Good Luck.

Cheers for your message Jnknill which provided a good analysis regarding the present share price of MXC.

Like you I also think that MXC is a very sound prospect. Apart from carrying out my own research on the stock before buying I also acted on a share tip recommendation from a magazine and internet service I subscribe too called
the Growth Company Investor (www.growth company investor).

Growth Company Investor has been promoting MXC as a speculative buy for several months now and I'm sure other subscribers may have acted on these recommendations and led to the voatile share price rises and dips.

My opinion is that anyone who does not subscribe to this service is missing out on some good share tips.

That's me finished for today. Cheers for the previous replies to my messages and have a good weekend all.

BUT THE PROBLEM IS EVERY TIME THERE IS GOOD NEWS UP THE PRICE GOES , THEN DOWN TOO THE LEVEL IT WAS B4 THE NEWS THIS HAS HAPPENED AT LEAST 7 TIMES IN THE LAST 3 MONTHS.. IM WONDERING IFF THERE IS FAR TOO MANY SHARES ,THER IS 1.250 MILLION AT 3 PENCE THIS VALUES THE COMPANY AT NEARLY 40 MILLION POUNDS , NOW THE QUESTION IS IS THIS COMPANY WORTH THAT AMOUNT.. I HOPE SO....

Hi Guys

Have purchased back into these over the last few days, after selling a few months back. I am not so sure its worth much more than market cap of 35.54 Million that its at now, but I think in a few years it will be worth much much more, so I am in these to stay now for a least a few years...
I do hope though we dont see much more dropping..

Just purchased more shares this morning to take my holding to slightly over 350,000 shares. I've noticed that there have been some buys of 250,000 and one for 850,000 this morning.

It is frustrating that once again although the buyers out number the sellers of this stock the price does not move upwards but simply stagnates.

However, I'm not too worried about this and feel the old saying of ''patience is a virtue'' should be applied to this stock.

Over the previous 12 months I have taken holdings in JKX, Sterling Energy, Hunting PLC, Morgan Sindall and Chapelthorpe. All of these stocks were stagnant or falling in price for months before all of a sudden rising sharply in price.

Although I made profits on each of these investments I sold too early on each of these stocks and missed out making more profits. I do not feel that MXC is a ''Jam tommorrow stock'' I think it will show good price rises within the next 6-12 months and will therefore, reward those who remain patient and continue to hold this stock.

MY GOD THIS STOCK IS SO BOREING,

Well stop bloody watching it then!

Go and do something less boring instead!!

Hic!!!

I NEARLY CAME OUT OF MY COMA I TURNED ON PC AT 2.45PM AND MXC IN THE BLUE SOMEONE MUST OF PRODED IT WITH A STICK

MATRIX a good telecom company ,we have to be pacience because is goin to
be a big one ,,,wait and seee and than we can pop a bottle of champagne.

I hope you are right but it looks from your text that you are already celebrating!! - well done!!

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Take a look at MXC. Someone has just bought 2.5 million this morning.

ah ah but price not going wild dont want too be the party pooper

NOW THERE HAS BEEN A LOT OF BIG BUYS AT 3.20P SOMETHING IS HAPPENING,

HELLO HELLO 500,000 BUY AT 3.20 AT 4.17PM WHAT DO THEY KNOW

I wish I could get excited about the 500,000 trade buy that went through before the end of the session. My present holding is between the 365000 to 400,000 mark but I do not look on this as a large investment.

If you work it out 500,000 bought at 3.20pence works out at 16,000 which is a
lot of money if you have not got it but hardly a fortune in investing terms.
However, consistent purchases of 1,500,000 shares bought at 3.20p or above would be interesting. Lets hope this stock starts to attract more 'big investors'to purchase shares so that we some some sustainable upward movement in the share price this month.

At the moment an Earthquake would not be able to move this stock upwards of 4pence per share. However, I am confident that the share price will be around the 5p mark before Xmas.

They say that patience is a virtue and boy do you need it following this stock. I remember when JKX could be bought at 35p in Summer 2003. It did not do anything for months until after Xmas 20034. This year has seen a rally which has taken the price to over 110p.

The impatient investors would have sold them between 35-40 which was the trading range for months. We may even have to wait until the next trading statement in December 2004 to see a sustained rise in the share price.


Have a good weekend all.

YES I MEAN IM NORMALLY IN AND OUT IN A WEEK WITH SHARES BUT GOT CAUGHT OUT AS BOUGHT HALF MY LOT IN THIS STOCK FOR 4P ,I MEAN THEY DID HIT 5P FOR 10 SECS,BUT NO MATTER WHAT GOOD NEWS THIS COMPANY HAS, IT JUST SEEMS TOO POP UP A BIT THEN BACK DOWN AGAIN...

The price is looking much healthier today. Is our stakebuilder at it again I wonder?

yes a small smilette is happening too my face wont let the smile get too big yet tee hee

Today according to this website (Moneyam) there were 1,875,110 buys and 2,795,699 sells of Matrix shares yet the share price has nudged up by nearly 4%.
I know the stock market often acts in irrational ways but even Warren Buffet would struggle to predict the share price of this stock in 3,6,9 or 12 months time. If you ask me the yanks should close down Wall Street and celebrate Labour Day more often if it coincides with some positive upward movement in this stock.

This is a post by Dclinton from the PXC Thread that i read that may explain the Buys and sells

the market feed simply the price and volume information of each trade. There is no buy/sell flag in the data so it is left to the receiver to interpret this. MoneyAM software displays trades below the mid-price as sells and above as buys.

Further confusion arises because sometimes reports on trades are delayed (all within the market rules, apparently) and MoneyAM will interpret them according to the price at the time of reporting, again skewing the buy/sell view.

So when you see an order for 1,000,000 reported as a buy (i.e. bought from an MM) that isn't always accurate. I don't think there's anything that MoneyAM can do about this as the limitation is in the marked data feed. It's all part of the stuff that keeps insiders better informed than the small guy

Zul187 thanks for your post which I think makes sense.

When I am monitoring the share price of MXC I usually log onto the Digital Look or Moneyam websites and quite often the 'Buy and Sell'trades that are shown differ. I was starting to think that they may be down to the fact that I like a drop of brandy or rum in the evenings.

I'm hoping over the next few weeks that both websites will show the trade buys in the colour of blue instead of red or green for a change. However, I fear that I may have to wait until the next set of Full Year results are released for this to happen. I hope its not the drink making me feel this way.

i new it ,the flipping things down again. oh and i love me brandy after a few fosters ,but with this share, im drinking a lot more its doing my head in...

Wantu777

Things could be worse we could have David James as the CEO then we would both drop the brandy bottle.

According to some Bearish commentators this month could see further dips in the share price. For example, 'The Daily Reckoning' (free daily e-mail service sent out to subscribers) today states that:
'The first 3 days of September have treated stock market investors quite well. But let's not break out the champagne just yet. According to the Stock Trader's Almanac, September tends to come in like a lion but go out like a lamb...or a bear. In 7 of the last 8 years, the U.S.A. markets have started the month well, but ended badly. September is, of course, notorious for ending badly. Throughout the history of the U.S. Stock Market, investors have lost more money, on average, than in any other month. Over the past 32 years, says the almanac, the Dow fell 1.6% on average in September-worse than any other month of the year. So far this September, the stock market proceeding on cue..'

I hope the writer of this article (Eric Fry) is proved wrong but do not be surprised if he is proved right. Me I'm off to the Supermarket to stock up on some more booze. If I can't make any money in September from my shares portfolio at least I'm going to sleep well.

will it ever flipping move

where are you all

I am still in on this one or should I call it this won!

mmmmmmmmm dont know what too think

I DONT BELEIVE IT AT 2.48PM SOMEONE BOUGHT 2 MILLION SHARES AT THE THEN BUY PRICE OF 3.10P THE PRICE DID NOT GO UP A JOT ,WHAT IS GOING ON??????????

The shares are so dilluted. Save your energy and leave it for the medium to long term. Matrix are still in the process of gaining market share. You can put your feet up on this one.

wantu777, IMO this is probably a portion of an Institutional Purchase, it will be bought at a price which keeps the Order at a pre-agreed average. If you remember, Ian Smith, CEO at Matrix, stated that Insts. would have to go to the Market for Shares and again, IMO, until these orders are filled the price will remain in the present box! Rgds.

AAAAHHHHH ITS 1.50PM MONDAY IVE JUST CHECKED THE PRICE ,,WHATS GOING ON DOWN FURTHER AAAHHHHHHHH

All gone quiet on here I thought some would have asked about the share consolidation, new contract win and the new bord member. So question what do you think will happen to the price at a 1-40 consolidation?

Go down, they nearly always do.
Doh!

Evening, Certainly more news in the pipeline yet and hence when will that be released in relation to 29th October? Probable that whatever happens the SP will be tightly controlled in the short term. Fairly sure that stock will be in demand after November 1st.

i sold all mine last week at 3.05 thank god i did ,,iff youve got the patiance of a saint these might do well but i got so fed up waiting...

on this one i am willing to wait - very agonising i know but have 10k in this and just dream it is a 10 bagger!

i had 15k but decided to take it out as IMO the cosolidation will at first see a price reduction and will reduce the number of shares I have to a level which will require a lot of upward movement to make any large gain. Must admit this is the first time I have faced this so I suppose I bottled it, bird in hand springs to mind. I may have this wrong but I worked it out that shares would have to be 1.20ish to break even, if I have got that wrong please let me know. But if that is the case I can not see the price going anywhere.

Decided to sell my holdings in this company when I first discovered news about the consolidation. Previously I was willing to keep this as a long term but not anymore. The consolidation proposal does not sound a good idea to me and I will be surprised to see these shares exchanging hands at 1.20p per share within the next 12 months if recent performance is anything to go by.

Historically they say October-March is the best periods for holding shares
and therefore, I'm on the prowl for other small cap companies with good growth opportunities.

For those of you who have decided to continue holding this stock I wish you all the best. For those of you who have sold your holding lets hope we make more profitable decisions over the next 5 months.

3p is over-valued for MXC