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

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!