Share Name Share Symbol Market Type Share ISIN Share Description
Matrix Comms. LSE:MXC London Ordinary Share GB00B037D647 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.65p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

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Date Time Title Posts
11/4/200911:39Matrix...a company with many shareholders70
29/12/200600:51MXC long5,629
05/10/200516:43Matrix charts and news4
09/5/200511:00Matrix communications - Technicals/News Only440
21/4/200514:28Matrix Communications - Charts + News + Analysis9,574

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s h b: People... Think the best thing that could happen to LANGDON and his likes would be for as many people too copy his pathetic apology and post it to the editors of Shares Mag, Investors Chronicle and Money Week, where I am sure they would be interested in publishing the details and highlight how public bulletin boards can be used to influence and manipulate a company's share price for a dishonest individual too personaly gain finanacially, based on lies and deceit. Langdon craved publicity in order to line his own pocket well lets give it him back in bucketfuls by letting the media know of his ill-gotten gains, hopefully a national might pick up on this also. .... (Money Week) .... (Shares...'The investors champion'!) .... (Investors Chronicle) .............................................................................................. mlang - 24 Nov'06 - 14:27 - 5596 of 5604 From Michael Langdon On 30th Nov 2005 and 3rd December 2005 using the pseudonym "ss001peedo" and on the 12th Feb 2006, using the pseudonym "mattycrowell2", I published on the advfn plc bulletin board on the threads reserved for comment about Matrix Communications ("Matrix") ( now called Fujin Technolgies ("Fujin") postings that were highly defamatory of Matrix/Fujin, Ian Smith (who is and was at all times a director of Matrix/Fujin) and the other directors of Fujin. In those postings I alleged that Matrix/Fujin had lost a highly lucrative contract with O2, that the profit margins and profits at Matrix/Fujin were in freefall, that Matrix/Fujin were struggling to maintain its market share, and that, as a result of its financial situation, Matrix/Fujin had been forced to make staff redundant. I also suggested that directors of Matrix/Fujin had been to blame for this state of affairs and criticised the performance of Ian Smith at a meeting that I alleged took place on or around the 10th feb 2006. In a separate posting on advfn bulletin board under the Matrix/Fujin thread on 4th July 2006, and using the pseudonym "matrix down the pan", I made further allegations concerning Matrix/Fujin, Ian Smith and the other directors of Matrix/Fujin. In that posting I suggested that Mr Smith and the other directors and been involved in improper conduct, that they had "shafted" Fujin and its shareholders and intentionally behaved In a manner that was to the detriment of Fujin and its shareholders, in breach of their obligations as directors. I also suggested that Matrix/Fujin was no longer a viable concern. I made the allegations referred to above without any attempt to verify or support the allegations made. I accept that the postings I made using the pseudonyms set out above were completely false and entirely without foundation and ought not to have been published. I accept that at all times Matrix/Fujin is, and has been , a highly successful company, which enjoys excellent reputation amongst its customers and that Ian Smith and the other directors of Matrix/Fujin have properly discharged their duties as directors. I wish to offer my sincere regret and apologies to Matrix/Fujin, I an Smith and the other directors of Fujin for the damage,distress and embarrassment caused by my false,defamatory and completely unjustified allegations. As a mark of my regret and apology I confirm that I have agreed to pay the legal costs that have incurred by Matrix/Fujin in obtaining this apology.
rob100: morning all.. below is a e-mail i sent to claire botha yesterday. iv,e edited out my e-mail address. your thoughts please. rob100. From: edited. Sent: 24 May 2006 11:13 To: Claire Botha Subject: ANNOUNCEMENT. can you explain the constant drop in the share price since the announcement,please seem that share-holder value is being eroded away. yes i am a holder with barclays. since offshore telecom. thankyou. await your reply. mr. robert morrison. From: Claire Botha Sent: Wed 24/05/2006 11:16 To: Ian Smith; Tony Weaver Subject: FW: ANNOUNCEMENT. Dear Mr Morrison, I am afraid that we have no idea why the share price has reacted in the manner that it has. We believe that selling a business for £40.5m, for double what we paid for it, represents good value for shareholders. Of course we still have Fujin, which while less linear than the integration business, represents a very exciting opportunity. Of course the recent negative movement across all markets will not have helped. Regards, Ian Smith Matrix Communications Group plc
gtr: HERE IS DANIEL STEWARTS Report on MXC Matrix Communications 09 Feb 2006 MXC.L 100p (08:45) BUY Trading update Matrix Communications has announced that, as a result of a change in accounting policy, pre-tax profits for both FY05 and FY06 will be reduced by around £1m. There is no impact on cash. The accounting change relates to the recognition of revenue and costs for managed service contracts (including where the maintenance is provided by a third party). Previously, revenues were recognised on contract approval where a third party provided the maintenance. Under the new more conservative policy all maintenance contracts will be recognised over the life of the contract. The contracts impacted by the accounting change are relatively small in number but large in value and high in margin and are typically two years in duration. Consequently, the reduction in pre-tax profits for FY05 (£5m to £4m) and FY06 (£6.5m to £5.5m) will be partially offset by an increase in FY07 (£7.5m to £8.5m). Given that the trading updates of November 1st and February 2nd stated that trading for the year to October 2005 was in line with market expectations, this announcement is disappointing and Matrix's share price has been hit accordingly. We continue to believe that underlying trading at Matrix is strong and the company has a good mix of high visibility and high margin revenue streams. Matrix has also focused on high growth niches where it is able to demonstrate its technical expertise. On the basis of revised forecasts, the company is trading on an FY06 PERof 9.8x falling to 6.4x in FY07 – we will publish full forecasts on the back of the prelims on February 14th. This rating represents a substantial discount to the rest of the sector but the recent negative newsflow (and strategy changes) have shaken confidence in a company that had previously consistently exceeded expectations. A rerating is unlikely until these concerns have been addressed but we believe that the current share price represents a buying opportunity.
roommove: Stroudy1, (and others) Thanks for your responses. It is good that a board can discuss positives and negatives without getting personal. A plesant change. In answer to your question as to why I continue to post. I do not pretend to be an expert nor do I have the time to spend researching lots of new companies. Instead I have about ten shares that I trade in or keep a close watch of. If you look at any share, good or bad, that share price goes up and down as its story unfolds and it is therefore possible to make money on it. I do not feel the need to know about any more shares unless someone I trust gives me information that makes the effort of researching worthwhile. Yes I am negative about MXC at the moment (although I still see it making profit so things cant be that bad) but I have traded in companies I am negative about before. For example, MXC announce Fujin talks have faltered, market reacts badly and share price drops to 115-120p. I would then be very tempt to jump back in in the hope of the share price rebounding to 130p. Thats how I trade, I have a 'fair value' price in my head for the companies I know about, if the price drops below that I buy, above that I sell, the fact I am positive or negative about a company does not really matter.
cappagh: base What you are trying to say is that you get your orgasm from a rise is mxc share price! snap
chelwood01: mxc and current price , i think that as far as this thread is concerned mxc share price is grossly undervalued , maybe maybe not the market confirms the price and the trend and like it or like it not mxc is currently suffering a slow downward slide , and as much as certain posters keep starting this should not be happening then maybe they should get a shot of reality and realise what they think has no effect , its what the market and mms consider a fair price to make a market. in my opinion this will continue to slide slowly and will only alter when market sentiment changes which is not on the horizon at present. c01
ebbwvale: my charting software is flagging a steep fall in the mxc share price to 115-120p. i must point out that this software is 99.7% accurate.
mikelangdon: Bigmac3 I bought 10,000 MXC at 170p ish I think I paid for them on the day of the VOD contract statement. People were talking about Matrix buying HRR with MXC paper. As I hold lots of HRR it would therefore be in my interest for a short term MXC share price crash for valuation purposes. Medium to long term ( once I have much more MXC) I would hope for a surging Matrix price.
ranoszek: Any ideas if its worth buying shares in Harrier as a hedge to MXC share price should there be a need for further funds. I think it is as the potential upside looks greater than potential upside for MXC.Might just sell half my MXC to do this.
hawk eye: Just found this article about Market Makers on another BB and found it quite interesting...Quite long though A market maker is a specialised trader who deals in a certain number of stocks. He is in actual fact a kind of wholesaler for shares, a buyer at last resort in a way. The London market, as opposed to some other markets, does not always match buyers and sellers, but has intermediates, market makers, who will usually deal in the shares in their scope, thus ensuring that a market is always available. The market makers work on a spread, difference between the buying and selling price of the shares. When spreads are wide many people feel that the market makers are taking an unfair advantage, but I suppose that this is the price to pay for ensuring that a daily quotation and market are available. A phrase often used by investors when talking about Market Makers is that they are shaking the tree and wiggling the carrot this means "that market makers 'shake the tree', by reducing the share price to induce holders to sell in panic. They could also do the reverse, i.e. raise the share price to convince potential buyers that the price is going to rise further and to pile in before they 'miss the opportunity'." Market Maker 1. What are Market Makers? a. What are Market Makers? i. Market Makers are companies who have agreed with their clients and who have been approved by regulators to "Make a market" in the shares of the client. b. Who are the Market Makers? i. They are usually large international banking organisations, usually with thousands if not tens of thousands of employees' worldwide. c. What is the job of a Market Maker? i. Simply it is to make a market, i.e. to ensure that there is always a market in which investors can buy and sell shares of the clients they are Market Makers for. d. Who is a Market Maker responsible to? i. Their shareholders. ii. Their clients. iii. The broker with whom they are entering into a contract with. iv. Whilst not strictly "responsible to" the regulator the Market Maker has to be able to demonstrate that the obvious conflict of interests arising from this list are dealt with in an appropriate manner, and that no one is especially advantaged or disadvantaged. e. What is a client in the Market Maker context? i. The client is the quoted company. Quoted companies have contracts with the Market Makers in their stock. 2. Market Manipulation or doing their job? a. Do Market Makers manipulate the market? i. "Market Manipulation" is an emotive term, and conjurors images of shady deals and exploitation. Market Makers are not elusive companies that appear then vanish overnight. Market Makers are duty bound to make a market and to meet the needs of those they are responsible to (See 1d.) to this end they may try to influence the market. b. How Do Market Makers make their money? i. Market Makers make money from buying shares at a lower price to which they sell them. This is the bid/offer spread. (See 4.) The more actively a share is traded the more money a Market Maker makes. c. Surely a Market Maker raising/lowering the price on news/rumour without any buying or selling is manipulating the market? i. No, not really. If the Market Maker was to keep the price steady on the release of news they would find themselves with lots of buys or sells which they had no choice but to fulfil at the screen price but before they could find matching orders (buys for sells, sells for buys) they would have to change the price and they would then loose money through market exposure. This is bad for them and for us. (See 3.) d. Why do Market Makers raise prices on Monday morning for shares tipped in the Sunday press? i. This is the same as question 2c, because the Market Maker needs to ensure that there are enough sellers to fulfil the needs of the buyers responding to the tips. e. Suppose my screen shows all sells and the price is increasing, what is the Market Maker doing? i. An explanation of this phenomenon is given for Tadpole, which very briefly shot up to 73p before settling back comfortably to the 50p support level. The likeliest explanation is that the Market Maker had an Institutional order to fill and no stock to fill it with (this trade would not have shown up on peoples screen until somewhat later), under thier obligations to create liquidity in the share the Market Maker is obliged to gather a stock holding, only possible if they can encourage people to sell, which can be achieved by raising the price. The order is likely to have been large enough to be significantly outside the NMS thus allowing the Market Maker to gather a fairly significant premium on the price (probably being some-where between 50p and 73p allowing the Market Maker to offset gains against losses and still profit). Once the order is filled and the market volumes return to thier "normal" levels, so does the share price. f. Do Market Makers ever lower prices to "panic" investors into selling, sometimes called "shacking the tree"? i. Yes, moving the price up, encourages sells, moving it down also encourage sells, take another look at Tadpole, in the first instance, the price was hiked way up despite the 50p support level, but at 50p few of the people who got in between 20p and 45p are going to sell (and look how many buyers there were still at 50p), the rise was meteoric, smart money just ignored it as it only lasted about 2 hours, but what was probably caught was huge investors who were in way before 20p and had forgotten about it, now they want out. The Market Makers order gets filled, the price settles back to a smart support level and volumes decrease, however the Market Makers gets another order to fill, maybe not so big, maybe not so prepared to pay the premium, but you also know that there are a lot of people out there waiting to see if it's going to shoot up past the 50p support level again or dip and if it dips they're going to sell now before it dips back past their 100% profit level. g. Surely delaying the posting of trades is Market Manipulation? i. This was allowed as part of the SETS trading system when institutional investors pointed out that with 100% transparency, any other institutional investor would be able to trade against that position which would put their client holdings in jeopardy. Further, with 100% transparency, if it could be seen that an institutional investor was (for whatever reason) adjusting a large holding in a particular company it could also scare private investors into selling or alternatively encourage them to invest without doing thier own research. Both scenarios lead to either over- or under-selling and an inaccurate reflection of the company in the share price as a direct result. h. Do Market Makers try to reduce volatility? i. Sometimes, usually at the request of the client (see 1e), this is mostly done by increasing the bid/offer spread therefore discouraging trading especially by day traders and also by marketing the clients shares to institutions in the hope they will take up long term positions. ii. By asking their client to reduce the number of news releases. i. Do Market Makers encourage liquidity? i. Yes, partly because they have a duty to their client to ensure an active marking in their clients shares, and partly because they have a duty to their shareholders, it is only through trading/liquidity that Market Makers make money. j. How do Market Makers encourage liquidity? i. Partly just by being there, by being the enabler to liquidity, they will always buy or sell shares if you want to. ii. By narrowing spreads. iii. By encouraging their client to produce news releases. 3. Are Market Makers risk adverse? a. Does a Market Maker hold "stocks" of the shares they make a market in? i. No. Market Makers are there to make a market, not to act as some form of stock control system. At any one time a Market Maker is likely to have a position in the stocks they are the Market Makers for, but this position could just as easily be short as long. However having a position (of either persuasion gives market exposure and Market Makers try to avoid this.) (See 3d.) b. Can Market Makers take a short position? i. No and yes. Market Makers are not supposed to allow themselves to go short, but in process of making a market they may well find themselves short of a stock. If this happens a Market Maker has a number of options, purchase from another Market Maker, fiddle with the price in the hope that enough sellers will emerge to cover the short or borrow the shares from an institutional investor. c. What is market exposure? i. Market exposure is the amount of money you have exposed to the vagaries of the market, i.e. the amount of money you could loose or gain from your positions open in the market. d. Why do Market Makers avoid market exposure? i. Simply because a Market Maker who is over exposed to the market is giving systematic risk to the whole market. Ill explain... If a Market Maker was to take up lots of large position across the whole range of shares they make a market in then if there was a market crash the Market Maker may find themselves bankrupt (ala Nick Leeson and Barings) and therefore unable to make a market. Once there is no longer a market the shares will become pretty worthless (if you cant sell something, at any price, what is it worth?), this in turn could force other Market Makers to go bankrupt and the whole thing would spiral down into a very unpleasant mess. We would all loose vast amounts of money from our pensions, endowment policies, insurance funds, Unit Trusts, Investment Trust and direct equity investments, in addition to which an important source of cash for companies would vanish! 4. Prices; how do they work? a. What do the on screen prices reflect? i. The prices you see on screen are the best prices currently being offered by any and all the Market Makers for the share you are looking at. b. Why do spreads change? i. Market Makers can and do change their spreads, but nowhere near as often as you see the spread change on the screens. (See 2h.) ii. The main reason that spreads change on screen is because the screen shows you the best prices on offer. c. Why are some spreads so large? i. The stock may be very volatile and the Market Makers needs to protect themselves from sharp price movements and market exposure. ii. The client (see 1e.) may have asked the Market Makers to reduce volatility. iii. The price and NMS combination maybe so small that the Market Makers need a large spread to ensure that they cover their costs and make a profit. d. What's an inverted price? i. The prices you see are always "the best prices" it is possible that Market Maker A is offering to sell the shares for less than Market Maker B is offering to buy them at. Normally the reverse is true, so this is know as an "Inverted Price". e. Do Market Makers have to buy and sell at the quoted prices? i. Yes, so long as the quantity of shares you want to trade is equal to or less than the NMS. f. How come my broker can sometimes get a better price than those onscreen? i. Basically because Market Makers compete with one another for business. When your broker calls the Market Maker he is giving them the opportunity to 'bid' for the business, the Market Maker may well improve on the price on offer via the screens. The Market Maker only makes money when they are buying and selling, so the Market Maker will prefer to see the business go through their books at a reduce margin than allow it to go to another Market Maker. g. What is Normal Market Size (NMS)? i. It is the quantity of shares for which the Market Makers are quoting prices. IE for which the prices are valid. h. Why don't Market Makers set a price based on intrinsic value? i. The first person that comes up with a calculation that is 100% accurate for 100% of quoted companies is going to be very rich indeed. Market Makers no more 'know' the intrinsic value of share than you or I do. ii. If they got the calculation wrong everybody would be buying or everybody would be selling, leaving the Market Maker with huge market exposure. iii. Intrinsic value is still a notional value, since surely something is worth exactly as much as they highest bidder is willing to pay. iv. Many investors value "in fashion" shares at far more than the traditional "intrinsic" valuation methods would yield, again this would lead the Market Maker having huge market exposure. i. How come I don't see my trade listed? i. Trades for less than 3000 units don't have to be reported. ii. Some stocks don't have to have trades reported. iii. Your broker has batched up your trade with others. iv. Your trade was large enough to cause the Market Maker to treat it differently, it will be reported at a later stage. v. Your broker arranged the trade via an alternative to Market Makers. j. Do Market Makers make money from the raise or fall in share prices? i. Probably not. Market Makers make money from trading, at all times they try to minimise the open positions they have, so the actual price of a share is of little consequence to them. (See 3.) 5. What have the Chinese got to do with all this? a. What are Chinese walls? i. Most Market Makers are part of huge financial organisations, and these are made up fund managers, investment advisors, brokers and much more besides. In order to stop these people from exchanging information with each other (which would lead to breaches of client confidentiality, insider trading and much more besides) artificial and procedural rules are drawn up dictating what can be said and when. These rules are know as Chinese Walls. 6. Competition and Alternatives a. Is there an alternative to Market Makers? i. Yes, Matched bargain trading. ii. Electronic Share(?) Networks. b. Do Market Makers compete with each other? i. Yes, but it's an incestuous business like many and Market Makers will on some occasions work together for a common cause and others will find themselves head to head, things can change quickly in the morning two market makers could be shaking each others hands, in the afternoon they could be trying to cut each others throats.
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