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

According to some Bearish commentators this month could see further dips in the share price. For example, 'The Daily Reckoning' (free daily e-mail service sent out to subscribers) today states that:
'The first 3 days of September have treated stock market investors quite well. But let's not break out the champagne just yet. According to the Stock Trader's Almanac, September tends to come in like a lion but go out like a lamb...or a bear. In 7 of the last 8 years, the U.S.A. markets have started the month well, but ended badly. September is, of course, notorious for ending badly. Throughout the history of the U.S. Stock Market, investors have lost more money, on average, than in any other month. Over the past 32 years, says the almanac, the Dow fell 1.6% on average in September-worse than any other month of the year. So far this September, the stock market proceeding on cue..'

I hope the writer of this article (Eric Fry) is proved wrong but do not be surprised if he is proved right. Me I'm off to the Supermarket to stock up on some more booze. If I can't make any money in September from my shares portfolio at least I'm going to sleep well.

will it ever flipping move

where are you all

I am still in on this one or should I call it this won!

mmmmmmmmm dont know what too think

I DONT BELEIVE IT AT 2.48PM SOMEONE BOUGHT 2 MILLION SHARES AT THE THEN BUY PRICE OF 3.10P THE PRICE DID NOT GO UP A JOT ,WHAT IS GOING ON??????????

The shares are so dilluted. Save your energy and leave it for the medium to long term. Matrix are still in the process of gaining market share. You can put your feet up on this one.

wantu777, IMO this is probably a portion of an Institutional Purchase, it will be bought at a price which keeps the Order at a pre-agreed average. If you remember, Ian Smith, CEO at Matrix, stated that Insts. would have to go to the Market for Shares and again, IMO, until these orders are filled the price will remain in the present box! Rgds.

AAAAHHHHH ITS 1.50PM MONDAY IVE JUST CHECKED THE PRICE ,,WHATS GOING ON DOWN FURTHER AAAHHHHHHHH

All gone quiet on here I thought some would have asked about the share consolidation, new contract win and the new bord member. So question what do you think will happen to the price at a 1-40 consolidation?

Go down, they nearly always do.
Doh!

Evening, Certainly more news in the pipeline yet and hence when will that be released in relation to 29th October? Probable that whatever happens the SP will be tightly controlled in the short term. Fairly sure that stock will be in demand after November 1st.

i sold all mine last week at 3.05 thank god i did ,,iff youve got the patiance of a saint these might do well but i got so fed up waiting...

on this one i am willing to wait - very agonising i know but have 10k in this and just dream it is a 10 bagger!

i had 15k but decided to take it out as IMO the cosolidation will at first see a price reduction and will reduce the number of shares I have to a level which will require a lot of upward movement to make any large gain. Must admit this is the first time I have faced this so I suppose I bottled it, bird in hand springs to mind. I may have this wrong but I worked it out that shares would have to be 1.20ish to break even, if I have got that wrong please let me know. But if that is the case I can not see the price going anywhere.

Decided to sell my holdings in this company when I first discovered news about the consolidation. Previously I was willing to keep this as a long term but not anymore. The consolidation proposal does not sound a good idea to me and I will be surprised to see these shares exchanging hands at 1.20p per share within the next 12 months if recent performance is anything to go by.

Historically they say October-March is the best periods for holding shares
and therefore, I'm on the prowl for other small cap companies with good growth opportunities.

For those of you who have decided to continue holding this stock I wish you all the best. For those of you who have sold your holding lets hope we make more profitable decisions over the next 5 months.

3p is over-valued for MXC