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

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