Interesting company with a good management team.



November 1st,

* Group sales up 500%

* Intrinsic outperformed second earn-out target by 25%

* Decorum outperformed first earn-out target by 50%

* 6 million bank facility agreed

* Dividend policy for 2005 agreed

Director Speak

Ian Smith, CEO, commented:

'I am very pleased with the performance of the company in H2FY2004 and fully
expect the Group to meet or exceed the current market expectations in FY2005.

Our clear strategy of product differentiation coupled with expertise and great
customer service is paying real dividends. As the only pure performance
communications company in the UK, the Group is unique and is well set for many
years of growth.'

Trading Statement

Trading Update

Matrix Communications Group Plc ('MXC'), the UK's communications company of
choice for leading edge technologies, is providing a trading update for Q4
based on unaudited financial accounts.

Group sales for Q4 were 5.0m (2003: 1.09m), an increase of 450% against the
same period last year. Q4 includes turnover from the recent acquisitions of
Bedrock Networks and Norwood Adam Systems and the remaining 50% of Norwood Adam
Technical Services.

The Group has now fully integrated all of its system integration businesses and
in 2005 all companies acquired prior to 1st August 2004 will operate under a
single brand. The new Company website,
www.mxcplc.com,
reflects these changes.

By way of confirmation of our 'pure performance' leadership, the Group now
works with Foundry Networks, Juniper Networks, Extreme Networks, Mitel Networks
and Peribit Networks amongst others. This single focus on best of breed
technologies makes the Group unique within the UK and it is now the only top 20
integrator in the UK that is not a Cisco partner.

The Group's focus on delivering expertise and great customer service is
demonstrated in the exceptional financial performance.

Performance of Acquisitions

The data business, Matrix Network Solutions, has continued to grow its business
in 2004 with 4.2m turnover (2003: 1.3m), 300% year on year growth and has
established itself as a key provider of non-Cisco IT infrastructure. Its
pipeline for 2005 is currently 50% greater than it was at this time for 2004.

The IT security business, previously known as Intrinsic, has had a strong 2004
H2 and has out performed its 2nd earn out target by 25%. The final earn out
payment of 100,000,000 shares (2,500,000 shares following the share
consolidation) will be issued to the directors of Intrinsic at the end of
November. It has seen the UK launch of the Vodafone content filtering service
and is one of the UK's most successful Juniper partners. It too has grown its
business more than 300% year on year.

The voice business, previously known as Decorum, has also had an excellent 2004
H2 and has completed its 1st earn out target. The earn out payment of
13,515,901 shares (337,897 shares following the consolidation) and 150,000
will be issued to the directors of Decorum at the end of November.

The service and support business, previously known as Norwood Adam Technical
Services, has continued to enhance our service offering and is now responsible
for managing a number of blue-chip IT networks 24 hours a day. It now manages
over 500 contracts with annual contract value in excess of 5m.

Overall, the Group has been delighted with the progress of all acquisitions and
the outstanding financial results listed above confirm the synergistic nature
and rapid integration within the Group.

2005 will continue to see the Group deliver strong organic growth coupled with
further strategic acquisitions. We hope to be able to report further on this
matter shortly.

Conclusion.

Well worth giving this one a research look over.

P/E is a bit topy with the future P/E being around 17, but with these earnings enhancing acquisitions, should be able to deliver top line growth going forward backed by an excelent management team*.

DYOR


cheers GF.

Top fund manager Giles Hargreave told Citywire: Matrix achieved a fantastic amount in the last 12 months. There are certain people to back in this game and Ian Smith [the chief executive of Matrix] is one of them.'


Prior to joining Matrix's board in April 2003 Smith was the regional director for the UK and Ireland of leading California-based computer network equipment group Foundry Networks.


The big company and industry experience has so far been put to good use by Smith at Matrix. He appears to have made a number of well-priced and strategically well-considered acquisitions and Hargreave thinks there is more to come.


Guy Feld, who works with Hargreave and has done most of the research into Matrix, told Citywire: 'I think we'll see a lot more deals and I think he'll roll it up and sell it on.

cheers GF.

From the company web site................

Welcome to Matrix Communications Group (MXC) a fusion of experts in information technology, focused on delivering "pure performance" solutions for its customers.While we are the first to accept that normal 'branded' performance is perfectly acceptable to a majority, there are still customers who believe that their IT and communications infrastructure should represent their business - it should be leading edge and should provide them with competitive advantage, allowing them to be a leader in their market; in essence a pure performer.
It's not that second best is bad, it's just in our minds second is simply not good enough. So when we decided to build a complete communications provider we decided it had to be the first of its kind, it had to be one that would deliver on its promise of pure performance on every aspect of hardware, software, and support services, around the clock. Simply, it would be the benchmark by which all others would be measured.
In order to achieve our vision we work with the world's leading technology manufacturers, not "best of brand", for us only "best of breed" will do. We pride ourselves on providing a consultative approach, prioritising the need to understand our customer's requirements and by implementing an integration strategy that delivers, recognising our customers' needs for excellent value and support.

cheers GF.

Tips
Shrewd Tip: Hargreave bets on managerial talent
Published: 14:28 Tue 9 Nov 2004

By Algernon Craig Hall, Secret Buying Correspondent
Email to a friend

A positive recent trading update from Matrix Communications prompted a bout of share purchases by shrewd fund manager Giles Hargreave.

AA-rated Hargreave picked up 25,000 shares for his top performing Marlborough Special Situations Marlborough Special Situations fund last week to take its holding to 350,000 shares or 1.2% of the 42 million company. He also bought 63,000 for the Marlborough UK Microcap Growth fund, which was launched at the start of last month. It holds 125,000 shares as a result.


At the start of last week acquisitive IT networks group Matrix (MXC) announced that its results would meet or beat market expectations of a 1.9 million profit in the year to the end of October.


Turnover in the fourth quarter rocketed from 1.1 million to 5 million.


The soaring figures reflect Matrix's recent acquisition spree, which has taken the company into some very exciting areas such as IT security and voice-over IP - a hot theme in the City.


Hargreave told Citywire: 'They've achieved a fantastic amount in the last 12 months. There are certain people to back in this game and Ian Smith [the chief executive of Matrix] is one of them.'


Prior to joining Matrix's board in April 2003 Smith was the regional director for the UK and Ireland of leading California-based computer network equipment group Foundry Networks.


The big company and industry experience has so far been put to good use by Smith at Matrix. He appears to have made a number of well-priced and strategically well-considered acquisitions and Hargreave thinks there is more to come.


Guy Feld, who works with Hargreave and has done most of the research into Matrix, told Citywire: 'I think we'll see a lot more deals and I think he'll roll it up and sell it on.'

The group, which had net funds of 1.9 million at the half way stage, has recently agreed a 6 million facility with its banks to fund further acquisitions.


Matrix could expand into areas such as data storage and security where there is the potential for it to exploit cross-selling opportunities as it has done in the past.


From next year all Matrix's existing businesses will operate under one brand.


Citywire Verdict:


Given Matrix's past successes news of further acquisitions should excite the market and full year results at the start of next year could also add some shine to Hargreave's recent purchases.


The company recently implemented a 40 for 1 share consolidation and expects to start paying a dividend next year. The share price ran ahead following the consolidation and trading update from 115p to today's 144p.


At the price the shares are valued at a fairly hefty 29.6 times earnings that are expected to have been achieved in the year just gone. The stock looks better value looking forward priced at 17.6 times next year's forecasts.


However, Hargreave feels this valuation is reasonable and that the high quality of the management is undervalued.

Hargreave's most recent purchases are an encouraging show of support for what is proving to be an impressive growth story. The rate of acquisition, the company's relatively early stage and the recent spurt of share price performance present risks, but Matrix still looks like a good growth story to buy into. Buy.


cheers GF.

A new earnings enhancing acquisition and from day one.

Embargoed Release: 07:00hrs Monday 15 November 2004

Matrix Communications Group plc

(`Matrix' or the `Group')

Acquisition

Matrix Communications Group Plc is pleased to announce that it has acquired
Network Partners Ltd (`Network Partners') for a total consideration of 12m.
Network Partners reported audited profits of 1m PBT on revenues of 7.5m in
the year ended 30th September 2003 and has to date booked circa 10m of
recurring contract revenues for the Group's year ended 31 October 2005. Matrix
will pay an initial cash consideration of 5m and up to a further 7m in equity
over the next 24 months, subject to agreed earn-out targets being met, to be
issued at mid-market price as at close of business on the last day of the
related earn-out period. Earn-out performance will be evaluated at two stages
during the 24-month period, being at 12 and 24 months.

In addition to being profits-enhancing from the day of completion, this latest
acquisition is considered by the Board to be the Group's most strategic to
date.

Established in 1999, Network Partners are an independent provider of value
added telecommunications services. Network Partners manage significant
relationships with all of the UK's major operators including BT, Cable &
Wireless, Global Crossing, Thus and Energis. Following the completion of the
acquisition the Group will be the single largest BT premier partner and
moreover will be strategically placed for entry into the 'Managed Services'
sector of the IT industry.

As an independent provider of value added telecommunications services Network
Partners specialise in the provisioning and management of voice, data and
Internet services. This proposition of a `virtual telco' offers customers a
unique gateway to the telecommunications industry and is underpinned by a
philosophy of adding real value at every stage - from provisioning and
installation to billing and customer support.

Network Partners were named BT's ICT Partner of the year 2003 and Northern
winner of the Deloitte Fast 50 Company 2003.

Following the move into the 'Managed Services' sector, the Group will be adding
Wide Area Network implementation and servicing to its current offerings of
leading edge Local Area Network implementation, data switching, security
software, 24/7 technical support and VOiP. It is the Group's intention to
aggressively grow into the 'Managed Services' Sector through the implementation
of its highly successful and proven cross-selling model which it executes
through its extensive network of matured commercial relationships.

Ian Smith, CEO, commented:

'Over the past 18 months we have continued to expand our range of products and
services through acquisition. In doing so we have been able to offer a full
array of network services whilst maintaining the highest level of expertise and
consultation for all of our offerings that our customers have come to expect.
As recently announced, we have been extremely successful in organically growing
the profitability of our recently acquired businesses as well as the overall
growth rate of the Group achieved through acquisition. This has largely been
the result of our ability to enhance the value of our acquisitions through our
cross-selling model and this has led to this natural progression, driven by
customer demand, into the Managed Services Sector.

With Network Partners, we are now positioned to not only expand our offering to
both new and existing customers but to also capture an increased proportion of
customer spend through the provision of both network and related telecoms
services. I have been very impressed with the management of Network Partners
and look forward to reaping the rewards of their expertise as we grow into this
exciting sector.'

-Ends-

Further Information:

Ian Smith, CEO

Matrix Communications Group Plc: 0870 737 5000

cheers GF.

Another excelent day for this one, suprised nobody on the board is interested, whats that 22% in 5 days. Oh well.

cheers GF.

Morning GF, More than interested, been with MXC since the Offshore Telecom days and certainly intend to stick! Every reason to hold, this IMHO is just the beginning and I certainly look at it as along term hold. Good Luck.

Me to! Brought about 5 months ago and just into profit after the 40-1 split shall be holding for at least 12 months.

Ted1, Well done, pleased that your showing a profit. IMO think these will bounce again either with Contract News or if before, when figures are published. Good start this morning, hope people will remember that what appears to be relatively small volume was x40! Good Luck.

Nice to see you guys aboard. Its slihtly down today but shares never go up in straight lines.

cheers GF.

Tip update: Matrix jumps on big acquisition
Published: 09:17 Tue 16 Nov 2004

By Algernon Craig Hall, Secret Buying Correspondent
Email to a friend


Shares in Matrix Communications, which was tipped by Citywire last week, have jumped on news of what it describes as its most strategic acquisition to date.

Matrix (MXC) will pay up to 12 million for Network Partners. It will fork out 5 million in cash up front and the remaining 7 million as equity if certain earn out targets can be achieved over the next two years.


The acquisition moves the group into the managed service sector, which basically means clients will be able to outsource their telecoms functions to Matrix.


Matrixs chief executive Ian Smith said: 'I have been very impressed with the management of Network Partners and look forward to reaping the rewards of their expertise as we grow into this exciting sector.'


Matrix has been very successful at making use of cross selling opportunities resulting from acquisitions and it is hoped that Network will be no exception.


In the year to the end of September 2003 Network reported audited pre-tax profits of 1 million on turnover of 7.5 million and it has recurring contract revenue for the year ending in October 2005 of 10 million.


Citywire Verdict:
Give the success of Matrix's acquisitions to date it is not surprising that today's news has gone down well. Matrix has detected an appetite for the kind of services Network Partners can offer among its clients.


The shares are up 6.5p at 169p which marks a 17% rise on our 144p tip price last Tuesday. They have had a strong run recently but arguably have deserved re-rating.


A data storage business would still make a good fit with Matrix and management is on the look out for the right opportunity.

Cheers GF

David Johnson at Daniel Stewart sets a target price of 9p on the shares of Formjet (currently 4.25p) following a trading statement. Despite setbacks he expects the company to achieve revenue growth of more than 90% during 2004 and move into profitability from small loss in 2003,

Mr Johnson has also been looking at Matrix Communications, which has just announced 'its most significant acquisition to date that should enhance earnings for the current financial year and beyond'. He has upgraded his forecast for 2005 and 2006 and increased the price target to 215p from the current 162p
cheers GF.

Share price starting to move this afternoon could the BIG deal be just around the corner ?

Could be. Which one are we talking about?.

cheers GF.

Hoping for the continuation upwards from Friday.

cheers GF.

Moving up nicely. Dont forget broker target price of over 2 quid.

cheers GF.

Moving nicely.

cheers GF.

GF
Speculation of a MAJOR deal with Vodafone, has been for quite a while now. I believe they are down to the last 2.

Thanks Ted very interesting indeed. If that comes off the price should move some.

cheers GF.

Down 5p today so added.

cheers GF.

If deal goes through should be earnings enhancing from day one. Good news in my opinion.

Matrix Communications, Harrier in talks that may lead to offer for Harrier
AFX


LONDON (AFX) - Matrix Communications Group PLC and Harrier Group PLC said they are in preliminary discussions that may or may not lead to an offer for Harrier by Matrix.

Earlier this month, Harrier said talks with Articon-Integralis AG regarding a merger of the two companies had been terminated.

Talks between Harrier and Articon stalled earlier this year when a significant minority of Articon shareholders objected to the terms of the takeover.

bam

cheers GF.

Matrix Communications confirms may buy Equip Technology; Signs preliminary pact
AFX


LONDON (AFX) - Matrix Communications Group PLC confirmed it has signed a preliminary agreement that may or may not lead to the acquisition of Equip Technology Ltd.

Equip is a profitable distributor of network security products and is Juniper Network's Inc largest European partner.

Matrix said the successful completion of the Equip transaction and the possible acquisition of Harrier Group PLC would complete its current acquisition strategy.

newsdesk@afxnews.com

jc

cheers GF.

Here we go guys VODAFONE deal in the bag

Matrix Communications Group PLC
24 December 2004


24th December 2004

Matrix Communications Group plc

('The Group')

Contract Win

Matrix Communications is delighted to announce that yesterday it was awarded a
Global contract with a wireless operator. Further details will be made
available in 2005.


-ENDS-

Further Information:

Ian Smith, CEO
Matrix Communications Group Plc: 01342 871 888

Andrew Tan
Hansard Communications: 020 7245 1100




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

Yipee its going up like the clappers. What a fantastic way to end the year.

cheers GF.

Just cant beleive my luck, top of the leader board today. Usually have a crappy last xmas week and a superb january.

cheers GF.

No viagra needed here......................



cheers GF.

Waiting with interest.

cheers GF.

GF you seem to be on your own on this board...But must agree that the sp has shot up in a way totally unexpexted and looks like its got more to go....Wish had my money out of T plus/TEP...and in this share!!!

Not on your own, we had this on the watch list since offshore telecom days but only took the plunge mid year. Dropped a bit at first but now showing a healthy profit - long may it continue. Does anyone care to guess how far this one will go ?? Probably a better idea once all the details are published

Hi Minx, its going really well though. Lets keep cool.

Cheers GF.

always tempting to profit take, but this time i am holding for greater things to come

Minx

Good Morning, MXC Shares already 10p north.......Directors, as we knew, are pure Gentlemen thus funds raised no trouble! Rgds.

Yup good news this morning.

cheers Gf.

Have had these for a long time - might as well sit it out!

Things are getting better after the last weeek or so where the price moved down.

Just had word that Evil K as gone long on these.

cheers GF.

Good news again today.

This deal should certainly give this one a lift.

Matrix Communications buys Equip Technology for up to 10.5 mln stg cash
AFX


LONDON (AFX) - Matrix Communications Group PLC said it has acquired Equip Technology Ltd for up to 10.5 mln stg in cash.

Equip has to date booked some 1 mln stg of recurring annual support contract revenues for the group's year to Oct 31 2005.

Matrix said it will pay an initial 5.5 mln stg and the remaining 5 mln is dependent on agreed earn-out targets being met after 9 and 21 months.

Equip is a specialist IT distributor offering a range of best of breed technology products. Matrix said Equip's product portfolio offers application acceleration and enhancement, all under the umbrella of absolute security.

In the year to Feb 29 2004 Equip reported turnover of 13.0 mln stg and profit before tax of 1.0 mln.



newsdesk@afxnews.com

slm/


cheers GF.

Agm 10th March then more fireworks

Going like the clappers at the moment.

cheers GF.

Goldfinger

nice 12.5p increase today plenty more to come

Certainly is DFGO.

cheers GF.

Are there anymore than just a few followers of MXC on this thread? A great Company with an Investor friendly & very experienced management! Good Luck to fellow MXC,ers. Rgds.

JN I think theres a lot of browsers who are share holders, but would be nice to hear from them.

cheers GF.

Great Company been holding since OST days.

Good morning all, as advfn site is down today thought id look on here. With the AGM on thursday we could be in for a few suprises IMHO.

Morning all,
ADVFN dead,MXC doing very well,rollon Tursday.

Sliver, im thinking of sacking advfn, 412069.

holly123, Good morning, apologies if I,m wrong but aren,t you 412.... on the advfn site?? Rgds.

Morning 412,things a bit static on MXC,end of day rise?
Useing that name shame on you.lol hope she charges you.

412,where next if ADVFN never come back ?

silverback, How are you doing & although close to AGM would have expected just a few more trades! What say you? Rgds. & Good Luck.

Trades do seem thin on the ground,everyone sitting on their hands.
Being long term on MXC all these ups and downs are nothing,but,if the mms bring it down to 5p old money I`ll have their fingers off.
This time next year Rodders we`ll` be as rich as 412,lol,
sorry,jnknill,doing great,MXC one of my better investments.

silverback, Yes at 5p(some hope) I,d be helping you to slice fingers!! Have to say one of my better choices as well......Management second to none. Good Luck.

Silver, the young lady in question will be rewarded one day. ADVFN is good when up and running.
People waiting on the agm now, we could see a rns first thing thursday morning, the the mad rush will come.

412,thats good news I thought for a moment that you`d gone into drag.lol
See its back up.

ADVFN is down, or is it me,
MXC is up thats all that matters.

3 months to the day, none into MXC on moneyAM then.

Silver, im going to f*** ADVFN off as soon as a better site comes along, which it will. MXC is being held back today without a dought why ive know idea.

412, with you on that, let me know if you find a new home for us.
Something as you say is going on, and has been for sometime, B******s.
Still long term we should do very well indeed.

Just logged on ADVFN is still down

Silver, when have mxc let us down? this could be the biggest rns mxc have put out to date, cant see what the worry is. Saying that were from ost days so even better.

No tosspots on here as yet, makes for easy reading.

Agree, do you think vod deal will be shown in the turnover,
rather than figures given for the contract?

I looked at the trades and see some peeps are still selling they must be on some other planet.

SUPERJOCK2, Hi there, dont for gods say the word... W.... LOL

SUPERJOCK, or another country, fools.

Sliver, Horses tells me they cant hide the turnover of vod so it should be there, plus new brokers could say there bit, along with conless over things we just dont know apart from it wont be bad. Im betting Azzurri gets a mention some where along the line, if not i owe Stroudy dinner.
Can you tell ive not much on to day, i should be with STROUDY walking or in my garden. He lives not 10 miles from be, bet he's walked past my house and had a nosey in. Never met the fellow yet.

Silverback

I don't know, just hope the detail is there.

Silver Iwould like to see a small dividend, nothing gives investors more confidence than seeing a cash return, however small.

412, Have you ever thought, Stoudy could be female, lol
So we know where to look for vod money.
These are the days to sit in the garden,
sod work, it will still be there tomorrow.

SUPERJOCK,
The dividend is what I`m looking for too.

Silver, yes but no one would be working as hard though mate, Stroudy female NOOOOOOOOO. Just booked me hol's to cheer me up New York & Florida.

412, US, love it, worked and play there. kids loved it too.
Good to see your going there, safer there than Indonesia,
to much seismic action for my liking.

Interim are out, but no N on the screen

Highlights

* Turnover up over 500% to ?22.5m (2004 - ?3.7m)

* Gross Profit up 400% to ?8.0m (2004 - ?1.6m)

* Operating profit, excluding an amortisation charge of ?0.6m for the period,
up 210% to ?1.9m (2004 - ?0.6m)

* EBITDA up over 200% to ?2.2m (2004 - ?0.7m)

* Secured a significant global contract for the provision of the Groups'
unique leading edge content filtering software with a global mobile
wireless operator

* Raised ?7.5m before expenses from the issue of new equity

* Successfully completed a further 3 acquisitions

* Benefited from the implementation of a new divisional structure and
corporate branding

CITIWIRE TIP UPDATE

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=74973&NewsPage=1

Matrix Communications says its margins are holding up, growth is strong and second half prospects are exciting, but the shares have still fallen 5%.
Matrix has expanded rapidly through acquisitions in recent years and while today's first half numbers do not tell the full story the news is broadly encouraging.
Chief executive Ian Smith told Citywire: 'It is fair to say that we've a long way to go before the end of the year and making the numbers... but we're still very confident in our ability to meet expectations.'
Matrix has positioned itself as an IT services group supplying best of breed solutions in other words they are not tied to any supplier.
The strategy seems to be reaping rewards. The group says it has not experienced the margin pressure that has been reported by other IT services companies and has achieved 'exceptional' organic growth. Selling best of breed means it is not selling the same product as its peers which prevents product sales becoming commoditised. However, the shares have still fallen 8.5p to 178.5p.
Talk of the challenging conditions experienced by peers may not have helped sentiment today. In addition the full benefit of the group's three recent acquisitions is not evident in the half year numbers. More of the cost savings and cross-selling benefits are not expected to show through in the second half and there after.
Turnover for the half year to the end of April was up 500% at 22.5 million, earnings before interest tax and amortisation charges rose 200% to 2.2 million and profit before tax came in 81% higher at 1.15 million.
The group says it is benefiting from its new divisional structure and is excited about the new mobile division that has been set up called Fujin.
Smith said: 'Fujin sold the world's first content filtering system to a mobile operator [for an eight figure sum]... That's a massive market opportunity and if we're successful in getting another mobile operator bit of business that sets us apart and could be extremely valuable.'
Citywire tipped Matrix at 144p last November before suggesting that holders may want to lock in a bit of profit at 222.5p in January.
Despite today's fall the company has demonstrated impressive growth and there should be better to come in the second. With the group now in the process of consolidating its acquisition the product of management's efforts in transforming the company looks set to emerge. There is also the chance that the company could attract a bidder.
Smith admitted: 'This market is seeing a lot of consolidation... conceivably the hunter could become the hunted.'

Could be worth looking at a long position following today's trading statement.

I think I recognise a few names on here from ADVFN...........small world inside this screen I guess.

luchan.

No posts for two months, and we have had a bounce, followed by a resumption of the downtrend.

Strange.

Have a look at today's buys. Something's afoot me thinks!

grevis2 - I could be wrong but I think the results for the year ended 31.10.2005 are due to be announced shortly.

I wouldn't touch this company with a barge pole.

I expect another profit warning with the results.

The IT markets they operate in are very very tough and margins under severe pressure.

The margins are actually very good with this company.........As the focus is not actually on legacy or comoditised products and services.......The margin on emerging technologies are as stated very good.

Margins are under severe pressure believe me.
I work in the IT sector and know this.

Marvellous photo Andy.

That's me Brian Carey scoring.

Against who ?

Brian,

Rhyl 2004.

Link

Brian,

Cherries v Spirites this afternoon, Hayter's last match for us I fancy!

cu later

Good luck Andy.

I was at that Rhyl game right behind the goal Carey scored at but I don't remember it.

Old age.

No , your just thick.

Langdon still at it on all the MXC threads.
must be hard work slagging off MXC. whatever did they do to you?

Silverback

Langdon has called MXC 100% correct since last Spring.

He called them a strong sell and indeed shorted them at 220p.

They are now 125p and will go lower.

Matrix are simply being priced out of new contracts.

When he called them a sell at 220p everyone said "oh but the institutions bought at 200p so thats the floor".

Load a bollox that.

IS reputation in the IT industry is in tatters mark my words.

I know a lot of people in the IT industry and MXC are a laughing stock.

MXC are now trying to flog every division they own as the business has gone EX GROWTH.

MXC...RIP.

Fair value 50p or lower.

Matrix holders have been taken hook,line and sinker to the cleaners.

IS was offloading stock at 200p+.

Whatever happened to those awful buy recommendations from the house broker who was living in cloud cuckoo land ???????????????

Heading to 50p , chart is bloody awful.

HAIL THE MASTER DIL.

lol

your an effing genius how do you do it ?

The kids pick em for me.

Oi pejic .... 50p

Can I help you squire ?

Yeah , did your dad play for Stoke ?

My father is Mel Pejic ( Wrexham physio) and his brother is Mike Pejic who played for Stoke and Everton.

well done.

Ah , its your uncle I remember ... never heard of you or your dad , Wrexham some non league Scottish outfit or something ?

Grow up.

Irish ?

Does GF specialise in stocks at the top so that his friend can then short them?

If only the image below was Dil.

Just seen some VT of that demonstration in London by the Muslims against the cartoons.

What a shower of shysters who should be put against the wall and shot. They were parading signs saying such things as "behead all non believers of Islam".

Its time we cracked down on these immigrants who hate the west so much and fucking deport them.

I am getting more and tempted by the day to join the BNP.

On its way to 50p

Ended today at 96.5p...oh dear


UK smallcap opening - Matrix hit by FY profits warning
AFX


LONDON (AFX) - Traders were quick to exit Matrix Communications Group, 19-1/2 lower at 99 -- a 16 pct decline -- after the company warned that annual profits are likely to come in about 1 mln stg below current market consensus due to changes in its revenue recognition policy as it goes through a restructuring.

The group, which aims to become solely a telecoms and IT services provider, said revenue for managed service contracts will now be recognised over the lifetime of the contract.

Busted flush.

Plenty of people have warned against this bag of shit company in the past.

Most of them were you.

Contract win yessssss

Worth 50p max.

Ian Smith is a laughing stock in the City.