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

Thanks oakapples

Does anyone think that's excessive?
How does this figure compare to other companies and there share price, be them from this sector or others?
Thanks in advance guys.

at 4p thats 5000,million pence which is 50,million pounds how can this small company be worth so much yet whats going on ?

cant find there email address as i was going too ask them why so many shares have been released ,and do they think the company can be worth 50,million pounds

something is not right.

OH NO LOOK AT THIS NOW ITS GONE LESS THAN THURSDAY, HOW CAN IT HIT 4P AFTER GOOD NEWS THEN DROP TOO 3.5PTHE SAME DAY WITH ALL THIS GOOD NEWS ,SOMETHING STINKS

LOOK OVER 500,000 BUY IN , IN THE LAST HOUR NO SELLS BUT THE PRICE DID NOT MOVE UP A JOT WHY?

hi wantu777

1 The shares in issue have always been the issue. The talk of 1 price would put this company into the FTSE100 bracket.... no way for a long while.

2 There are alot of people short term trading this for quick profits

3 It has to build itself from here

4 The need for some institutional holders is needed

5 Be patient, if you want more return then sell high and buy back in lower taking small profits

6 It may still move if the sector picks up

All imo and good luck

CAN ANYONE TELL ME WHY SO MANY PEOPLE ARE SELLING OUT THIS MORNING, ILL NEVER MAKE THIS COMPANY OUT,YOU GET GOOD NEWS , THEN SELL OUT IM BAFFLED..

Wantu

If you want to experience true frustration try buying Cybit, 4 mill buys today versus 50,000 sells, result SP up 0.1%!!!!! Good grief, but you just have to laugh, LOL, LOL!!!

Regards

PTH

wantu777 - Me thinks stockpick (180) has given you a well informed answer but I must admit to feeling like you (although not quite so often!!).

Morning all. Quite a roller coaster ride over the past 24 hours. Price shoots above 4p on an amazing announcement only to see the stock fall into the red. That must be the daftest reaction in history. What it does prove however is that this stock is still capable of rising to 4p again, but not without volatility on the way. Good luck!

AS SOON AS THIS EVER GETS TOO 4P AGAIN IM OUT ..JUST LOOK AT IT NOW, HOW CAN A COMPANY BE WORTH LESS. THAN 3 MONTHS AGO AFTER ALL THE GOOD NEWS ,NO I DONT CARE WHAT U SAY, I SMELL A RAT..

wantu777: I just wonder if it's the summer malaise coupled with the fear that terrorists have targeted financial institutions in the USA.

mmmm maybe it just seems no mater what this company does , the share price goes up then down again...

it`s alright blaming this that and anything else that seems to make an excuse,but the simple fact is that this co.,having multiplied several times when it was offshore telecom,has reached just about as far as it is going.if good results,aquisitions of profitable companies,multiple contracts worth a few quid,and good management does`nt push it up then nothing will.remember the market cap is quite high for a small co.
IMO the best thing to do is take what profit you have and put it something else,like speculative oil companies!!.
dexter

Great minds think alike, that's exactly what I did Dexter. Went for DES in the end. Shall come back to MXC in 12 months I think.

TOO LOW NOW SELL AT 3.25P YESTERDAY COULD OF GOT 3.9P I BOUGHT 2ND LOT OVER 2 MONTHS AGO AT 4P. GGGRRRRR

.

.

its died lets face it