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.....

HERE WE GO AT 1.45PM THERE WAS A 2MILLION BYE AT 4.45 FOLLOWED BY MOREGOOD BYE ATER A BAD MORNING OF SLOW TRADEING AND PRICE DOWN AT 4.30 AT ONE POINT LETS HOPE ITS UP UP AND AWAY

HERE WE GO AT 1.45PM THERE WAS A 2MILLION BYE AT 4.45 FOLLOWED BY MOREGOOD BYE ATER A BAD MORNING OF SLOW TRADEING AND PRICE DOWN AT 4.30 AT ONE POINT LETS HOPE ITS UP UP AND AWAY

KEV - Rather like New York - its so good you "Named it Twice".

WHAT IS GOING ON MANY MORE BUYS THAN SELLS AT ONE POINT AFTER 5 MILLION BUYS IN A ROW DOWN IT WENT SOMETHING IS NOT ALL IT SHOULD BE WHAT IS GWANNING?????????

KEVIN, In a sentence, the MM,s do not hold any shares and to be honest IMO they have managed this stock very well, long may their common sense prevail!

any good news?

Press Releases
MATRIX COMPLETES THIRD STAGE OF DEVELOPMENT WITH DECORUM
Submitter: Clarity Public Relations [View module: Clarity Public Relations]
Release Date: 30-04-2004
293 views on SourceWire
Use Tech Response Source to send requests to all PR contacts.
Matrix Communications Group, the UKs fastest growing network communications integrator, has announced its acquisition of Decorum Networks (Decorum). Matrix will pay a total consideration of up to 2.26m subject to Decorum achieving 3m of turnover and 500,000 operating profit for the period 1st May 2004 to 30th April 2005.

Decorum provides specialist Voice over IP solutions for both private and public sector companies including the Guardian Newspaper, Swiss Life and City of London Police. The company offers large organisations a range of services that include IP telephony, convergence, computer telephony integration, call centre technology, unified messaging and additional data and telephony services.

With the acquisition of Decorum, Matrix has successfully completed the third stage of its strategy to build the UKs communications integrator of choice for leading edge technologies and to utilise the cross-selling opportunities that exist across its existing, largely blue chip, customer base.

Alan Watkins, Chairman of Matrix said: This is another substantial step forward for the Group and brings us to the final stages of becoming the UK's communications integrator of choice for leading edge technologies. Through our current offerings we have matured our commercial relationships with several of the UK's largest blue chip companies and I have every confidence in our ability to build the level of cross selling between our subsidiaries. Our award winning reputation for expertise, reliability and after sales support makes us the natural choice for our customers to provide further services as their needs grow. The acquisition of Decorum gives us the ability to provide high quality Voice over IP solutions and we intend to leverage our reputation and current relationships to quickly and aggressively penetrate a market estimated to be worth $5.7billion by 2008.

Following the completion of the acquisition, Neil Sturgess has joined the board of Matrix. Sturgess has 25 years experience within the IT and Voice market and prior to establishing Decorum held positions with Case Communications, Linx Communications and Rank Xerox International.

Watkins added: We have already proven our ability to continually extract cost synergies within the Group and I expect the performance of Decorum to benefit from this and other aspects of the management expertise now available to the company.

Notes about release:
Audited financials to 31 December 2003 show a combined annual turnover of 2.764m and an EBIT of 47,000. Audited financials for the period 1 January 2004 to 29 Feb 2004 show combined revenue of 435,919 and an EBIT of 7,563.

Net assets being acquired are (114,000). T his includes cash of 100,000 and deferred revenue of over 500,000. Decorum has recurring revenues of 1.6m. There are 368,000 of tax losses in Decorum that will be available to it within the Matrix Group.

These results are drawn up on accounting policies consistent with those of Matrix.

Matrix has paid an initial consideration of 1.195m, of which 695k was paid in cash and 500k in new ordinary shares in Matrix, (17,667,844 shares at 2.83p).
Application has been made for these shares to be admitted to AIM and this is expected to take place on 30th April 2004. Subject to the achievement of agreed performance targets, a further payment of 150k cash and 382.5k in shares may be made after 31st October 2004 and a final payment of 150k cash and 382.5k in shares after 30th April 2005. In order for the vendors to receive the full earn-out consideration, Decorum will need to achieve revenues of 3m and operating profits of 500k for the period 1st May 2004 to 30th April 2005. The vendors have agreed to retain any Matrix shares for a period of 12 months from the time of issue.

Neil Sturgess (aged 44) has joined the board of Matrix following completion of the acquisition. Neil has 25 years experience within the IT and Voice market and prior to establishing Decorum held positions with Case Communications, Linx Communications and Rank Xerox International.

About Matrix Communications Group:
The Matrix Group is the first large-scale integrator in the UK focused on delivering performance solutions for its customers. Matrix lead with the worlds leading technology manufacturers using a best of breed approach. To ensure Matrixs customers receive the purest form of expertise Matrix operate within defined technology verticals, these are IP Infrastructures, Security and Support Services.

Press Contact:
Gareth Moss, Clarity Public Relations
Tel: 0118 925 5975
Email: gareth.moss@claritypublicrelations.co.uk

http://www.sourcewire.com/releases/rel_display.php?relid=XELgT

Anyone know where this is going? Thought we would have broke the 5p barrer last week. Whats happening?

Thanks all.

well cant make it out silly people selling they will regret it this one i going too b big

Dont stress guys.....this has gone from under 1p to 5p in a short time, there are bound to be profit takers and panickers....such is the natural way a market works. Its to be expected and will not cause a problem. This will rise again in the future and will provide good returns for those who stay in for the medium to long term

Bouncing back - when is it going to break the 5p or should I say 1!

Hopefully sooooon!!!!!!!

More Buys than Sells and the price is going down, can someone explain how that works???

Cheers

syd443s, I think the MM,s are short of shares and initially, they are trying to panic PI,s into selling! IMO of course. Rgds. base97

id agree with jnknill.....with no news at the moment, we have hit a bit of a lull and have seen a retracement from 5p seen earlier. I think the mms are using this period of no immediate news and no massive buying momentum to walk the price down, to free up some shares and panic weaker holders into selling up.

In my opinion, nothing to be worried about here. Standard market maker tactics and my personal strategy is to sit and wait.....more news is due soon:

1) News of storage acquisition awaited
2) News of Vodafone global contracts won (if any)
3) Interims I beleive early June (June 5th anyone?)
4) News of appointment of new Finance Director....

Guys, why would the mm's want to free up shares??? whats the reason to do that???

Its terrible though to see your profits dropping away, bit here, bit there, and before you know it half of you profit has sunk, O well, I aways thought this was long term, but you soon get used to the big % days.

Simon.

Looks like a lot of buys going through this morning, lets hope it keeps this up all day and I might be back in profit.

rise now

MATRIX I COMMANDED YOU TOO RISE WHEN AT 8.30AM THIS WAS SELL 3.9 I HELD ME BIBLE HAD A WORD WITH GOD AND UP SHE WENT NOW MATRIX COME ON GET ON AND DO AS YOUR TOLD UP YOU GO OR YOUR IN TROUBLE SO BE GOOD TOO YOUR SHAREHOLDERS K.