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

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...

The price is looking much healthier today. Is our stakebuilder at it again I wonder?

yes a small smilette is happening too my face wont let the smile get too big yet tee hee

Today according to this website (Moneyam) there were 1,875,110 buys and 2,795,699 sells of Matrix shares yet the share price has nudged up by nearly 4%.
I know the stock market often acts in irrational ways but even Warren Buffet would struggle to predict the share price of this stock in 3,6,9 or 12 months time. If you ask me the yanks should close down Wall Street and celebrate Labour Day more often if it coincides with some positive upward movement in this stock.

This is a post by Dclinton from the PXC Thread that i read that may explain the Buys and sells

the market feed simply the price and volume information of each trade. There is no buy/sell flag in the data so it is left to the receiver to interpret this. MoneyAM software displays trades below the mid-price as sells and above as buys.

Further confusion arises because sometimes reports on trades are delayed (all within the market rules, apparently) and MoneyAM will interpret them according to the price at the time of reporting, again skewing the buy/sell view.

So when you see an order for 1,000,000 reported as a buy (i.e. bought from an MM) that isn't always accurate. I don't think there's anything that MoneyAM can do about this as the limitation is in the marked data feed. It's all part of the stuff that keeps insiders better informed than the small guy

Zul187 thanks for your post which I think makes sense.

When I am monitoring the share price of MXC I usually log onto the Digital Look or Moneyam websites and quite often the 'Buy and Sell'trades that are shown differ. I was starting to think that they may be down to the fact that I like a drop of brandy or rum in the evenings.

I'm hoping over the next few weeks that both websites will show the trade buys in the colour of blue instead of red or green for a change. However, I fear that I may have to wait until the next set of Full Year results are released for this to happen. I hope its not the drink making me feel this way.

i new it ,the flipping things down again. oh and i love me brandy after a few fosters ,but with this share, im drinking a lot more its doing my head in...