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

Cheers pt for posting the link and explaination answering my earlier questions. Your message made good sense and reminds me of the old saying
''sell in may and come back on St.Ledgers day'' yawn yawn.

Seriously though I continue to view my holding in this company as a long term speculative buy. However, I hope it reaches and sustains the 5p mark before xmas.

Does anyone out there feel this is possible?

1704, Hello there, Anything on the SP is possible but let me say this, in MXC we appear to be following a very sound prospect so strong that many Investors with far more knowledge, experience etc. than I,feel that the SP went too far ahead too quickly(approx. 5p+) and one of the consequences was a "volatile pattern" in trading which will take time and more RNS news re contracts/acquisitions to rectify! We also appear to be going through the period where hopefully, Institutions are taking up positions and this again is another reason for the SP remaining at or around 3p. Therefore your question re "5p mark before Christmas" remains open i.e. IMHO it,s possible BUT I will not consider that MXC have failed us if it does not happen. I,m in for the best results from MXC and we all know they are still building. Please remember DYOR & read as much posted by the posters with lots of MXC info. to offer. Rgds. & Good Luck.

Cheers for your message Jnknill which provided a good analysis regarding the present share price of MXC.

Like you I also think that MXC is a very sound prospect. Apart from carrying out my own research on the stock before buying I also acted on a share tip recommendation from a magazine and internet service I subscribe too called
the Growth Company Investor (www.growth company investor).

Growth Company Investor has been promoting MXC as a speculative buy for several months now and I'm sure other subscribers may have acted on these recommendations and led to the voatile share price rises and dips.

My opinion is that anyone who does not subscribe to this service is missing out on some good share tips.

That's me finished for today. Cheers for the previous replies to my messages and have a good weekend all.

BUT THE PROBLEM IS EVERY TIME THERE IS GOOD NEWS UP THE PRICE GOES , THEN DOWN TOO THE LEVEL IT WAS B4 THE NEWS THIS HAS HAPPENED AT LEAST 7 TIMES IN THE LAST 3 MONTHS.. IM WONDERING IFF THERE IS FAR TOO MANY SHARES ,THER IS 1.250 MILLION AT 3 PENCE THIS VALUES THE COMPANY AT NEARLY 40 MILLION POUNDS , NOW THE QUESTION IS IS THIS COMPANY WORTH THAT AMOUNT.. I HOPE SO....

Hi Guys

Have purchased back into these over the last few days, after selling a few months back. I am not so sure its worth much more than market cap of 35.54 Million that its at now, but I think in a few years it will be worth much much more, so I am in these to stay now for a least a few years...
I do hope though we dont see much more dropping..

Just purchased more shares this morning to take my holding to slightly over 350,000 shares. I've noticed that there have been some buys of 250,000 and one for 850,000 this morning.

It is frustrating that once again although the buyers out number the sellers of this stock the price does not move upwards but simply stagnates.

However, I'm not too worried about this and feel the old saying of ''patience is a virtue'' should be applied to this stock.

Over the previous 12 months I have taken holdings in JKX, Sterling Energy, Hunting PLC, Morgan Sindall and Chapelthorpe. All of these stocks were stagnant or falling in price for months before all of a sudden rising sharply in price.

Although I made profits on each of these investments I sold too early on each of these stocks and missed out making more profits. I do not feel that MXC is a ''Jam tommorrow stock'' I think it will show good price rises within the next 6-12 months and will therefore, reward those who remain patient and continue to hold this stock.

MY GOD THIS STOCK IS SO BOREING,

Well stop bloody watching it then!

Go and do something less boring instead!!

Hic!!!

I NEARLY CAME OUT OF MY COMA I TURNED ON PC AT 2.45PM AND MXC IN THE BLUE SOMEONE MUST OF PRODED IT WITH A STICK

MATRIX a good telecom company ,we have to be pacience because is goin to
be a big one ,,,wait and seee and than we can pop a bottle of champagne.

I hope you are right but it looks from your text that you are already celebrating!! - well done!!

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Take a look at MXC. Someone has just bought 2.5 million this morning.

ah ah but price not going wild dont want too be the party pooper

NOW THERE HAS BEEN A LOT OF BIG BUYS AT 3.20P SOMETHING IS HAPPENING,

HELLO HELLO 500,000 BUY AT 3.20 AT 4.17PM WHAT DO THEY KNOW

I wish I could get excited about the 500,000 trade buy that went through before the end of the session. My present holding is between the 365000 to 400,000 mark but I do not look on this as a large investment.

If you work it out 500,000 bought at 3.20pence works out at 16,000 which is a
lot of money if you have not got it but hardly a fortune in investing terms.
However, consistent purchases of 1,500,000 shares bought at 3.20p or above would be interesting. Lets hope this stock starts to attract more 'big investors'to purchase shares so that we some some sustainable upward movement in the share price this month.

At the moment an Earthquake would not be able to move this stock upwards of 4pence per share. However, I am confident that the share price will be around the 5p mark before Xmas.

They say that patience is a virtue and boy do you need it following this stock. I remember when JKX could be bought at 35p in Summer 2003. It did not do anything for months until after Xmas 20034. This year has seen a rally which has taken the price to over 110p.

The impatient investors would have sold them between 35-40 which was the trading range for months. We may even have to wait until the next trading statement in December 2004 to see a sustained rise in the share price.


Have a good weekend all.

YES I MEAN IM NORMALLY IN AND OUT IN A WEEK WITH SHARES BUT GOT CAUGHT OUT AS BOUGHT HALF MY LOT IN THIS STOCK FOR 4P ,I MEAN THEY DID HIT 5P FOR 10 SECS,BUT NO MATTER WHAT GOOD NEWS THIS COMPANY HAS, IT JUST SEEMS TOO POP UP A BIT THEN BACK DOWN AGAIN...