Topped the share charts on Friday following a lucrative contract announcement and is rumoured to have several more contracts in the pipeline.

Website www.coms.com

Listen to David Breith, CEO: Coms plc - Trading update and recent contract wins

Click here

Bought back in today on the back of the trading update and up and coming results etc,,

StockMarketWire.com
Telecommunications products, services and infrastructure provider Coms posts losses before tax and exceptional items of £417,469 for the six months to the end of July.

Exceptional items in the period include £797,067 of one-off reorganisation costs and £1m release of a provision for contingent consideration.

There has been a significant leap in the group's turnover, with revenue of £23.1 million (2013: £2.5 million), largely thanks to the acquisitions made in the latter part of the previous financial year and the early part of the first half of the current financial year.

The gross margin in the first half was 23% compared with the margin over the comparative period of 41% and for the whole of 2014 of 34%.

The lower margin reflects the higher proportion of the Company's business generated by the Infrastructure division which was acquired in November 2013 and which is generally lower margin than the other divisions.

Chief executive David Breith said: "The key challenge for Coms in the first half of its financial year has been to integrate the businesses that have been acquired, in particular CloudXL, in order to align our cost base and position the operating divisions to maximise growth opportunities. While this process is not yet complete, we have made good progress and the vast majority of restructuring costs have already been incurred.

"In a short space of time, we have successfully built an all-encompassing telecoms business that offers a broad and technically robust range of services. Our aim now is to leverage this and ensure that all operations build on their current market positions and deliver the growth potential that I firmly believe exists within the Group.

"The results we have reported today I believe do not fully reflect what the business has achieved to date but also provide an indication of what is possible in the future.

Jam tomorrow?

That is what the company wants you to believe, but the figures from the last results where telling the investor, not everything was working to plan.

Today's Interims cornfirms, there is plenty of work to be done and share price much more to come down.

note: A fool and his money should never have gotten together in the first place!

certainly not invested on this jam tomorrow stock

Dave Breith, CEO, Coms plc, discusses the highlights of the period
Click here

Final payment re Redstone acquisition

Coms, a leading provider of telecommunications products, services and infrastructure, today announces that payment of the final deferred consideration, due on 21 November 2014, in relation to the Company's acquisition of Comunica Holdings Ltd (since renamed Redstone) from Castleton Technology plc (formerly Redstone plc) was paid three weeks early, on 31 October 2014 with an agreed amount between the parties of £825,000.

ENDS

i think next month is gone be very good month for coms also in any case coms will not drop below 2.45, last two days coms has hold the price strongly, shows its got some thing good to be declare in coming month , its worth trying to get in to while it holds the price at 2.45,

Trading Update and Requisition of General Meeting

The Board of Coms plc ("Coms" or the "Company" or the "Group") today announces an update on trading for the financial year ended 31 January 2015.

The increases in revenue reported for the six months to 31 July 2014 continued during the second half of the year and as such the Board expects to report revenues in line with market expectations.

Gross margins have continued along the lower trend seen during the first half and will be lower in the second half than for the first six months. Furthermore, the restructuring process referred to in the interim results continued during the second half of the year but the anticipated re-alignment of costs has not been achieved. As a consequence, the Board expects that the Company will report a substantial loss for the financial year ended 31 January 2015 of at least several million pounds.

In light of this very disappointing financial performance, the Board is reviewing the Company's strategy with the aim of ensuring that improved returns will be delivered across the businesses and to shareholders.

The Board has concluded that it is necessary to strengthen the Company's executive management team at the earliest opportunity and is currently in discussions with potential candidates with the appropriate expertise and knowledge of the wider industry in which Coms operates. In addition, Diana Dyer Bartlett, Non-Executive Director, has taken on the responsibilities of the finance function, pending the appointment of a finance director.

The Board also announces that on Friday 20 February 2015, the Company received a requisition from Dave Breith, CEO, to convene a general meeting of the Company for the purpose of considering resolutions to remove Frank Beechinor and Diana Dyer Bartlett as directors of the Company and to appoint Iain Ross, Neil Taylor and Brendan Loughrey as directors of the Company (the "Proposed Resolutions").

The Board is required to convene a general meeting to consider the Proposed Resolutions by 13 March 2015. A further announcement detailing the background to the requisition and the Board's response will be made in due course.

Finally, the Board received notification on 18 February 2015 from Dave Breith that on 25 July 2014 he purchased 20,000 Coms ordinary shares. The Board has since sought clarification from Mr Breith as to the circumstances and details of the dealing, including as to why no prior permission to deal was sought from the Board, but to date no such clarification has been forthcoming. The Board will make a further announcement regarding this transaction as soon as full details are available.

Best sell imo.

Update on Requisitioned General Meeting

The Board of Coms plc (the "Company") would like to clarify that the proposal included in the requisition notice given to the Company by Dave Breith on 20 February 2015 seeking the appointment of Iain Ross to the Board was withdrawn by Mr Breith last night and as such should not have been referred to in the announcement made earlier today.

Board changes and Withdrawal of Requisition

Have taken a punt on this stock at middle price 0.535p

the main reason: Lowly rated on a Turnover of £45m and market cap of less than 6M. though most likely will need a cash injection

the large trade seems like the overhang being cleared

The recovery on the share price from intraday lows and then the large trade at the end paying premium augurs well for next week

time reported 16:36:33
price paid 0.5857
trade of 44,175,362K
amount paid 258.74k

OH WHAT A VOLUME >>>>>92M

a strong level 2 since 8.25am and now 4 at bid for 1 at offer spread 0.55 v 0.60p

mostly buying but some large trades of the old bed & breakfast and maybe put on ISA

Mentor , your post 1025 on 31st Oct 14 (jam tomorrow)

What's the attraction now ?

jimmy b

the price then was around 3.50p then, when I took the punt 0.535p that is well over 6 times cheaper

plus sales of £45M and market cap of £6M
at the time sales and market cap was about the same and on a Historic PE of over 23

Keep selling.

Could " mitzy " say it again, it has bounce since

MMs have been playing games

NEWS ABOUT TO BREAK?

Ironic that 0.1 of a penny now represents a 20% move in the sp!!!! I bet the ex-CEO isn't posting on Twitter any longer!