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

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!

I'm a long term sufferer holder and you have to get this rise in perspective the rise is marginally bigger than the quoted spread.

re - I bet the ex-CEO isn't posting on Twitter any longer!

but most likely is the reason of the large volume last few days
his 138m have been on the market ticker doing rounds.

if is true then the only way is UP, once those have found a safe place to rest

was notified late of going under 10%, now talk is he not longer has any interest after a trade of 94m on the 8th so he most likely is >>>>>>>>>>> 0 holding and RNS should be soon if not tomorrow.



Full name of person(s) subject to David Breith
the notification obligation:
------------------------------------------------ ------------------------------
5. Date of the transaction (and date 02/04/2015
on which the threshold is crossed
------------------------------------------------ ------------------------------
6. Date on which issuer notified: 09/04/2014
-----------------------
before 138,982,454 now 94,710,093 or 9.73%

O.675p +0.11p

Full name of person(s) subject to David Breith has reduce to below 3% on the RNS this morning

most likely there are a few left or none

Good volume and share price rise 0.70p

Well ahead from early morning with once again good size trades showing around, at one time the bid/ offer went to the same price 0.80p and MM - CFEP - bought two lots of 300K in order for them to move forward the offer price, and they did, after 2 large buying trades appeared.

spread 0.85 / 0.95p +0.20p

Zak Mir
Video out yesterday, COMS short term 1.5p potential.

COMS - Zak Mir video