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

Expect this share to go as low as 2.5p or even 1.25p
mm's need big institusions to come in at what they paid before we leapt ahead last month. Once the big boys are back on board then we can go skyward. I have a big paper loss like many other private investors so just sit tight imo.

TED IFF YOUR SURE IT WILL GO SO LOW WHY NOT SELL AN BUY BACK AT THE LOWER PRICE

Good point Wantu777 thats what I did.

I jumped at 3.5p and will restock when it looks like its hit the bottom.....

Simon

you are right, but I don't do this day trading or short trades. So the plan is to stay put for a long time, and besides a paper loss I can handle but as soon as the sale goes through then there is an actual loss and that puts more negative spin into the pit which we could all do without. Can never get the bottom right so I just stay in. Still learning!

Yes always awkward decision to stay or jump, for me it's stay as I have already exceeded my capital gains for the year and I have to balance drop with giving 40% of my money to the tax man, I hate giving anything to the tax man so the choice is easy. It's also worth remembering a lot of the market is down due to the summer hols and the unrest. As always the market will recover. LOL SP

posted on advfn earlier

gtr - 22 Jun'04 - 22:12 - 26268 of 26285


Had a call back from IS today and although I got told off earlier (by smymaster) to get in contact here are the fundamentals of our discussion:

1. They are extremely upset about the Berlin listing and have worked on the case over the last 2 weeks to get de-listed. IS was confident that MXC was not a target of nacked shorting as it had not been traded!

2. Everything on plan and no placing. They are trying to get institutions involved (by getting them to by in the open market)to get more stability into to share price. The reason for the current volatility is the fact that retail investors are hardley long term support!
IS was adamen on the fact that they are not borrowing even one penny!!!!

3. They are working on (not sure he used this word but it came accross as) massive deals.....

My conclusion: In 6 months 3p is a distant memory and the SP will slowely but surely stabalise. As someone said before - relax (unless u r a daytrader)
This will all come together and we will be rewarded!!!

from danielstewart.co.uk

22nd Junw

MXC.L, the systems integrator providing digital communication and security solutions,has this morning announced a contract win to upgradethe network infrastructure for The London School of Hygiene and Tropical Medicine (LSHTM).
MXC.L won this contract against a number of high profile competitors, demonstrating again the high quality of its product and service offering. The company has not quantified the size of this contract, and as such we are not adjusting our forecasts, however we do expect this to be a long-term contract with recurrent revenues.
The share price has in our view experienced an unjustified fall, with the Company currently trading on an FY 05 PER of 15x. We regard the investment case as compelling, asa cash generative, profitable company in a high growth market with a blue-chip customer base, Matrix is well on track to becoming one of the leading UK systems integration companies, and we maintain our share price target of 4.75p. BUY.
Daniel Stewart & Co. acts as Nominated Advisor and Broker to Matrix

Embargoed Release: 07:00hrs Wednesday 23rd June 2004

Matrix Communications Group plc

(`Matrix')

Contract Win

Matrix Communications Group plc is pleased to announce that it has won the
contract to upgrade the network infrastructure for The London School of Hygiene
and Tropical Medicine (LSHTM). The two-phase contract was won through an open
tender in which Matrix was chosen ahead of several high profile organisations.

The LSHTM is Britain's national school of public health and a leading
postgraduate institution in Europe. Part of the University of London, LSHTM is
an internationally recognised centre of excellence in public health,
international health and tropical medicine with a remarkable depth and breadth
of expertise. It is one of the highest-rated research institutions in the UK.
In a bid to maintain and extend its reputation the LSHTM recognised the need to
improve its network infrastructure ahead of plans to better support its
research activities, bring more IT learning tools into classrooms and to extend
its premises.

Sheena Wakefield, Network Support Manager of the LSHTM, commented:

'We chose Matrix because of their ability to provide a phased approach to the
integration and of the knowledge they had of Foundry products that we knew had
the exact capabilities we needed. In addition, the school was keen to work in
partnership with a supplier in the long term, particularly one with the
specialist experience to discuss future technologies and projects.'

Do you guys think todays rise is going to stick?? Or will it slip away over the next few days??

Simon

simon,

it will stick imo. 10% today wil do me, then again tomorrow.

Needs to be small steady increases to hold 10% at a time would be good. News has lifted this share straight away and I don't think it's a very big contract although no figures have been published, but look at the interest. Imagine the movement when we here of a 7 figure deal!
imo

Agree small contract although massive amount of incoming calls from particularly holiday travellers. This could and should be the start of much good news.

ITS COMEING HOME ITS COMEING HOME MATRIX IS COMEING HOME COME ON MY SON

Cant believe you still holding this wantu777, Thought you would have jumped of a cliff with the price drops recently. But no :-( your still here giving us a good ongoing commentry.

wantu777

What do I know. Glad I didn't sell yesterday! See you just don't know where the bottom is, far to risky. DYOR BUY IN AND STAY IN.

in the daily exspress it states that matrix will get half a million in up front fees daily mail also givesmatrix a mention but so did both on 1st june and looked what happened tee hee

BLAST - was waiting for that price to drop below 2p to get another boat load, still can't complain and at least wantu will be a happy bunny, well
ted1 lets hope some small rises to hold gains. SP

Well well....just been doing a bit of digging. And guess who has just turned up connected to a US Company Glasshouse and is going to be running their UK arm. Yes Alan Watkins (formerly of Cisco Systems & MXC currently). Beleive it or not this company have just been making storage acquisitions.....ummm, the plot thickens.


News release June 8th

GlassHouse Technologies Acquires Two U.K.-Based Storage
Providers: Source Consulting and Sagitta Performance Systems
Acquisition Doubles Size of Independent Storage Services and Consulting Company
and Expands GlassHouse's Reach Into Europe


FRAMINGHAM, Mass., and LONDON, June 8 /PRNewswire/ -- GlassHouse Technologies,
Inc., a leading provider of independent storage services and consulting, today
announced it has reached a definitive agreement to acquire two United
Kingdom-based storage companies, Source Consulting and Sagitta Performance
Systems, two of the largest storage services organizations in Europe. This
acquisition, expected to close within several weeks, adds 300 clients to the
GlassHouse roster and increases the company's storage services and consulting
resources for U.S. and European customers.

Source Consulting and Sagitta Performance Systems will be merged and operated
as a wholly-owned subsidiary called GlassHouse Technologies U.K. Ltd.

The acquisition brings GlassHouse's total number of storage specialists and
consultants to 220, making it the largest independent storage consulting firm
in the world.

"Gartner Dataquest projects that the worldwide storage services market will
grow to over $30 billion by 2007," said Gartner Principal Analyst Adam Couture.
"The fastest growth segments are in consulting and management services where
we are anticipating double digit growth. This bodes well for companies
focusing on these storage services segments."

"GlassHouse is the envy of all the service providers in the storage business,"
said Steve Duplessie, founder and senior analyst, Enterprise Storage Group.
"Their model is working, their customers are thrilled and they continue to do
the right things. This deal extends the model overseas -- where a lot of
existing GlassHouse customers already have a presence."

"The success of GlassHouse, Source and Sagitta clearly demonstrates that
corporate IT departments around the world face similar challenges of managing
storage and IT resources effectively, and doing more with less," said Mark
Shirman, CEO and president, GlassHouse Technologies, Inc. "GlassHouse's
strategy is to be a global company, and establishing GlassHouse in Europe with
this strong and experienced team is the first milestone in that strategy and a
solid proof point that our company is delivering a unique value by helping
businesses solve their storage issues."

GlassHouse Technologies U.K. will be led by Managing Director of Europe Mark
Vargo (former managing director of Europe CNT), Jason Rabbetts, managing
director, U.K., and Andy Norman, senior vice president of Technology Services.

ALAN WATKINS (former managing director and founder of Cisco Systems Ltd.) will
serve as chairman of the board for GlassHouse in Europe.

"With our acquisition of Source Consulting and Sagitta Performance Systems in
the United Kingdom, we are now able to provide our European and U.S. customers
with expanded expertise and resources on two continents, from an independent
vendor standpoint," Vargo said.

About GlassHouse Technologies, Inc.

GlassHouse Technologies is the leading provider of services that help
organizations solve the business problems of enterprise storage. From strategy
through implementation, operations and customer support, GlassHouse partners
with clients to achieve predictability and manageability in storage and backup
operations, transforming storage into a strategic advantage. GlassHouse clients
include Biogen Idec, Inc., Hartz Mountain Industries, Inc., Pitney-Bowes, Inc.
and The Guardian Life Insurance Company of America. More information about
GlassHouse is available at http://www.glasshouse.com/ .

DATASOURCE: GlassHouse Technologies, Inc.

What are the implications of this? Is it pos or neg...

re statement

About bloody time mr smith!