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

AGM Statement and Progress Update
Coms plc is today issuing a progress update in relation to the period from 1 February 2015. This statement will be delivered to those attending the Annual General Meeting today.

As reported in the 2015 Annual Report, the losses that will be reported in respect of the telecommunications businesses in the four months to the end of May are expected to be such that the Group will report a further substantial loss in respect of the first half. Since disposing of the Company's telecommunications businesses on 31 May 2015, the Group now comprises the core business of Redstone Converged Solutions Limited ("Redstone") and Darkside Studios. Darkside Studios is expected to report a small loss in the first half as a result of disruption caused by the problems in the telecommunications division. However, Redstone has had a good start to the year and its profits are expected to exceed the ongoing plc overheads and Darkside Studios' loss.

In the first half Redstone secured £13m of new contracts, most of which will be executed in the second half of the year and which demonstrate Redstone's broad product offering and diversified client base. Contracts were signed with international financial services companies, international accountancy firms, a search engine company, a commercial property company and a national gallery. Two new smart buildings contracts were signed and other contracts spanned ICT services, designing and delivering a data centre, supplying data centre services and delivering infrastructure.

Following the disposal of the telecommunications businesses, the Board has started to make some progress in extricating itself from liabilities associated with those businesses. Heads of terms have been agreed for the lease over the office in Brentwood to be assigned to a new tenant with effect from mid October 2015. This office has a monthly running cost of approximately £30,000 and the lease expiry is 2024. A further announcement will be made once contracts have been exchanged. The Group is also left with the lease over the Stokenchurch property and the Board is continuing to explore its options for exiting that property.

We are pleased to report that Spencer Dredge has now taken up the role of Chief Financial Officer of the Company. Mark Braund will take on the role of Chief Executive with effect from 1 January 2016.

With the new management team in place, and some although not all, of the legacy issues having been resolved, the Board expects the Group to enter a more successful period of trading.

StockMarketWire.com
Coms - a leading provider of infrastructure and smart building solutions - saw revenues from continuing operations rise to £21.3m in the six months to the end of July - up 37% on last time.

Adjusted EBITDA rose by 40% to £0.7m while adjusted EBITDA pre central costs increased by 57% to £1.1m.

Coms said that results of continuing operations reflect only the performance of the Redstone, Darkside Studios businesses and the central plc overhead. Profit after tax from continuing operations was £10,000 (2014 H1: £0.2m).

Chairman Frank Beechinor said: "The past six months have been a testing period, where changes at Board level have resulted in the Group reviewing its strategy, culminating in the disposal of our loss making Telephony Services division followed by an injection of fresh capital by way of new equity. I'm encouraged by the fact that during this period of change the continuing operations have performed well."

Mark Braund, Chief Executive Officer, bought 1,000,000 shares in the company on the 14th December 2015 at a price of 1.00p. The Director now holds 5,500,000 shares.

Trading update
Coms plc (AIM:COMS) the leading provider of Infrastructure and Smart Building solutions is pleased to announce that Group EBITDA (after central costs) from continuing operations for the financial year ended January 2016 is positive and will be ahead of management expectations. This has primarily been driven by continued robust trading within the core operating division, Redstone, where both revenue and operating profit have been significantly ahead of the prior year.

As reported on 27 January 2016, the Group has resolved the vast majority of legacy issues that were inherited by the Board and has focused its efforts on developing the Group's core Redstone business, which has market-leading product offerings in Infrastructure and Smart Buildings. Since the disposal of the Telecoms business, Redstone has benefited significantly from the Board's focus and the Group's increased financial stability. The Group enters the new financial year with a new and experienced executive management team in place and with a sales pipeline at its highest for 6 months.

The Company finished the year with a net cash balance of c.£1.0 million, which has been achieved through stronger than expected cash generation within Redstone.

Appointment of joint broker

The Company also announces the appointment of Whitman Howard Limited as joint broker, effective immediately.

Mark Braund, CEO of Coms plc, commented:

"I am delighted to report in my first trading update as CEO that the operating business of the Group is in good health following a difficult time earlier last year. Since the disposal of the heavily loss-making Telecoms business in May 2015, we have successfully strengthened the balance sheet and reduced overheads. We have also continued to develop our core Redstone business, through the investment of further capability in Smart Building technology, including in-building wireless, cellular and work space management solutions, all of which is beginning to bear fruit.

On behalf of the Board, I wish to thank all of our colleagues for their commitment and dedication in helping achieve this significant turnaround. I would also like to express thanks to the Chairman, Frank Beechinor, and the non-executive directors for their exceptional contribution, stepping in to run the Company in difficult circumstances in March 2015.

We now look forward to the coming financial year from a position of strength and with a view to restoring significant shareholder value through a combination of organic growth and strategic acquisitions."

There would seem to be a light at the end of the tunnel!

Contract win
Coms plc (AIM:COMS), the leading provider of infrastructure and smart building solutions, is pleased to announce that its core operating division, Redstone, has won a strategically significant contract to design and install an in-building cellular system serving nearly one million square feet of office space in the city of London. The contract is for the UK Headquarters of one of Redstone's existing clients.

In-building cellular systems allow users to use their mobile phones and mobile-connected devices where signal would otherwise be an issue, so is relevant to all buildings and organisations where a connected workforce is important.

This in-building cellular project, worth some £0.75million, will see Redstone design and install technology from leading global wireless technology provider CommScope.

The deal is significant for Redstone on many fronts: the Company is the first smart building technology integrator to win an in-building cellular contract of this scale in the UK; it represents an example of one of our new range of smart building technology offerings; and it demonstrates Redstone's ability to cross-sell and upsell to its existing customer base.

The deal is also significant for Redstone's partnership with CommScope, because it represents the first sale of CommScope's ION-E technology in the UK. ION-E provides a number of advantages over other systems including its ability to make use of existing infrastructure and digital technology within a building, thereby reducing costs and simplifying installation.

Mark Braund, CEO of Coms plc, commented:
"In-building mobile coverage is important as mobility and BYOD (bring your own device) becomes the expected norm in today's smart working environments. Steel, concrete and infrastructure limits signal strength, often to zero, creating strong demand for increasingly sophisticated solutions to overcome this. In-building cellular systems are the answer.

By investing in skills and talent in late-2015, Redstone has quickly become first to market in the enterprise-scale smart building space with these solutions. We expect this market to grow rapidly in importance, providing Redstone with increased demand and helping us further extend our leadership position in providing smart building solutions."

Looking promising.

Much more promising than 12 months ago!

StockMarketWire.com
Coms (AIM:COMS) says that, as a result of strong levels of demand for its products and services with more companies now focusing on the additional benefits of 'smart building' technology solutions, revenue from continuing operations for the financial year to 31 Jan. was GBP40.1 million (2015: GBP29.5 million).

This generated a gross profit of GBP6.9 million (2015: GBP5.2 million) and EBITDA (stated before PLC overhead of around GBP1 million) of GBP2.2 million (2015: GBP0.9 million).

The Company had net cash of around GBP1.0 million as at 31 January 2016.

The Company stated that all of the figures above are unaudited.

It added:
"The Board is very pleased with this solid financial progress made to date and remains confident of the Company's future trading prospects. The Company expects to publish its financial results for the year ended 31 January 2016 at the end of May 2016."

StockMarketWire.com
Coms has conditionally agreed to acquire Connect IB Limited for GBP1.328 million.

The consideration comprises cash of GBP1.028 million, with the remaining GBP0.3 million being satisfied through the issue of new equity shares in Coms to certain of the vendor shareholders.

Connect IB is a software applications business that has developed and deployed a number of applications from a proprietary suite of products, and in particular, applications that address the mapping and wayfinding of smart buildings. Coms is raising GBP3.125m, gross, through a placing of 223,214,286 new ordinary shares at 1.4p apiece to finance the cash element of the acquisition and provide working capital to support the integration of Connect IB into Coms and for the continued strategic development of the enlarged group.

KEEP an EYE
COMS 1.475p ( 1.45/1.50p)

Have stop falling and for the last couple days, has found some support on the buying side. Looks oversold at the moment. Last Pattern on the Chart is a Bullish Harami Cross
Last pattern Description :This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami.
Http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103

a very good buy above market size just now and paying almost full offer 1.50p and there is only 1 MM left and is a small MM 350K in size compare with the others 500K

1.495p
700,000

Not much buying so far, but at least the 4 of them are buys for no sells

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"As part of the Ortronics Certified Installer Program (CIP), Redstone has been recognised as an Enterprise Solution Partner (ESP): its highest level of accreditation. This makes us only the second ESP in Europe able to deliver Ortronics broad range of copper and fibre connectivity, racks, cabinets and cable management solutions.

ESP status was awarded to Redstone in recognition of the level of business undertaken and our commitment to the Installer program."

Read more @ http://blog.redstone.com/ortronics-and-redstone-partnership-goes-from-strength-to-strength

We are moving on the right direction UP

+0.075 (+5.08%)
That is much better, a couple of large trades and up she goes again to 1.50 v 1.60p

Do I have to make all the Ramp ( joke ) by myself?

All the Indicators were pointing to better things to COME as they were at oversold, and now rising

CAUTION

Bastards AROUND ( Those two bastards know each other? )

The shares are moving alright, no one at MAM can teach me a thing, anyhow they are not good enough to shine my shoes mind you.

Jealousy is the name of the game, they are only good are complaining at NOWT thread