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

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


From Bedrock web site
Products
Transform Best Effort into Assured Experience
Juniper Networks designs its hardware and software to meet the reliability and scaling needs of the world's largest and most advanced networks enabling critical applications in the world's most demanding environments, Juniper Networks breaks through the performance limitations of traditional technologies to simultaneously support high-speed packet delivery and complex packet processing.

Highly scalable, highly reliable product portfolio with uncompromised performance and unprecedented control.
A broad line of innovative network security products and routing platforms combine to form comprehensive, scalable solutions that meet customer needs both today and tomorrow, whether connecting remote offices, providing access to mobile employees, or conducting secure online meetings.
Infranet-Ready to provide an assured experience for end users, with high availability and industry-leading security.
Get it now. Juniper your Net.



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



NetScreens scalable network security solutions allow you to cost-effectively secure your network without sacrificing performance. Providing multiple layers of defence, NetScreen provides security throughout your network, ensuring that critical assets are protected by best of breed firewall, VPN and intrusion prevention solutions.
Read more...

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