IC article today about 10 companies with the potential to turn their penny share prices into pounds.....MXC is one of them....read a few of the past RNS's.....contracts with Vodafone, expected to win a global Vodafone contract....they have the ex.chairman of Cisco Systems UK at the helm etc...

Potential is vast but un-recognized.....

wantu777 what do you do all day? Seems to me you just sit there watching MXC and give us all a running commentry rather than posting any usefull information.

orakle buy at 4.15p at 3.55pm tee ee

LOOK 4.12P TOO END THE DAY LOVE YOU ALL

A good day tomorrow, a mention in Investors Chronicle, good results next week and 5p+ awaits

Wow Thats the profit takers moving in now.Price slowly starting to fall back.Heres to a good report next week.Cheers K

Things starting to look alittle better

from daily mail today....

Geoff Foster in the D Mail comments "Tuesdays interim results will please and show the group returning to profitability at the halfway stage. Interest in MC has grown considerably since Alan Watkins, who founded US giant Cisco Systems, recently became chairman."

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'

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

well folks, looked for the results first thing AM was pleased to see results which I thought were good. A little dissapointed that the price did not lift but I think the news has been in the price for some time. IMO the blame lies with the speculation on the VOD contract extention which has not come to fruit yet as well as the stupid expectations of some. On the upside the general market conditions are tough at the moment but the real good news is the steady build up of the company and the way it is being handled. This is a long term play for me and to be honest I am looking for retraction to purchase more, any weakness below 3.5 is a buy opportunity for me but this has to move trough two support levels and I do not see that happening unless weak holders panic get fed up and move out. My target for year end is now circa 6p, which I will be happy with. Of course I hope I am wrong and the price lifts in August and at year end. Anybody else got any views.

i listened to ian smith (matrix head man) on advfn broadcast today, loads of good stuff:

1) details of latest acquisition within 7-8 weeks
2) The global Vodafone contracts that everyone awaits are NOT THE BIGGEST of the contracts they are going for at the moment
3) They are looking to sell their mobile phone security service to providers other than Vodafone and are in talks with others now
4) They are short-listed for the Vodafone contracts
5) More acquisitions are likely
6) They believe turnover for the full year to be 10.5m which compares with Daniel Stewarts 7m. Smith expects turnover to rise to 20m in 2005 and 24m 2006. This is on the business they have now NOT on including any future acquisitions or new contracts

7) To be top 5 they need turnover in excess of 100m
8) Cross selling to clients seems to be going well
9) When they win contracts they can be easily in excess of 1m...
10) I seem to recall him saying they are getting new clients at 3-4 a month

BLOOMING HELL JUST PUT ON MY PC EXPECTING A SMALL RISE AND ITS SUNK FURTHER I WONDER WHY SO MANY PEPS ARE SELLING?????

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

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

I think some people like Wantu777 fail to realise that this is a long term punt and are trying to panic people with rash statements as too the price and trading patterns
Also i am not sure if anyone can help me i know this is the wrong forum but there seems too be some people on here who understand the markets
My problem is i have some Telewest shares and would like to know what a listing on the U.S. NASDAQ market will do too shares owned by investors in the UK ??

Just topped up on Matrix @3.75. This is a good buy oppotunity.