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
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

----------------

"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

UP to 1.55p on the bid now, hope the bastards do not buy the stock coz there is money to be made on the bounce

Must be mention to keep some unhappy....

have gone better on the level 2

only 1 MM left at offer 1.60p ( was 2 MMs five minutes ago )

Buys taking over on a long way

mentor lucky we didn't shine your shoes at the end of last year ,you did 50% on several penny stocks ,lets hope this one's better for you.

Redstone Blog

The Intelligence of Things
Posted by Mark Braund on Apr 7, 2016 7:20:49 AM - By Mark Braund, CEO

Over the past two years we’ve discussed, alongside many other contributors, the potential and transformational impact of the Internet of Things (IoT) on the global digital economy. While IoT has yet to achieve the ‘revolution-level’ disruption being predicted; the rate of application and implementation of IoT solutions is accelerating.

We are already beginning to experience the increasing momentum of the intelligent sensor-connected economy. With a new perspective, that of smarter buildings and smarter spaces comes a new series of commentary; this series will assess what we can look forward to throughout the year and beyond. Furthermore, as we stand at what some call the edge of a 4th industrial revolution, we’ll discuss the transformations and potential benefits facing various industry sectors on the verge of an IoT make-over.

To recap, IoT is having an impact on the economy. Leading businesses, striving to take a position at the forefront of ‘Industry 4.0’ are investing heavily in IoT via acquisitions, investment and product innovations. This, supplemented with government investment; the re-modelling of staple industries – such as energy – driven by consumer demand, is fuelling consumer spending and generating wealth.

One key indicator or economic growth factor driven by IoT is in the labour market. Gartner predict employment in IoT related sectors is to grow 30%, year on year. Further, IoT technologies will drive the largest developments across technology trends enjoying structural growth: trends such as machine learning, cloud, mobile, social media and security. For example, over the last two years, there has been a rapid increase in IoT solutions being deployed to advance business intelligence.

Critically, the mass volumes of disparate data generated via endpoint sensors will require businesses to reassess their big data solutions; from data storage, mining and analysis to data strategy models. This could see new areas such as Data-as-a-Service (DaaS) become a key tool for businesses as they begin to realise the commercial value of their data… whether as a means of generating new revenue streams or by leveraging partnerships along market verticals to create added value propositions.

Infrastructure and telecom providers enabling transfer of this data will benefit too as data consumption soars. A key challenge will be to innovate existing physical infrastructure as the dreaded data capacity crunch threatens IoT development.

Despite challenges, IoT will drive the largest areas of growth in specialist technologies in the new digital economy… but how will we experience these technologies and what are the opportunities for businesses as more connected devices enter the market?

A major benefit of IoT gathering pace at the moment is the potential for transforming working environments; making them more cost effective, intelligent and agile. In fact, Gartner predict smart commercial buildings will account for 35% of the smart city market, driven through BIoT (Buildings Internet of Things) sensors. Between 2015 and 2020, IoT endpoints (or connected sensors) will increase five-fold, from an estimated 4.9 billion to 25 billion units while smart commercial buildings will accumulate 1,663% increase in installed IoT sensors over the same period, from 206.2 million units to 3.43 billion.

A key driver for this growth lies in optimising workplace environments as, currently, typical offices are only 50% utilised. By embedding smart sensors holistically throughout the physical environment, businesses are discovering evolving benefits…

The significant cost saving advantages IoT technologies deliver include anything from increased efficiency through intelligent lighting, energy management systems and workspace productivity to optimising occupancy management and reducing labour costs. In total, Gartner predict business ownership costs to be reduced by as much as 30% through smart machines and industrialised services.

While, the direct cost-saving benefits are substantial, there are far more exciting realities that can be created through intelligent sensors in working environments. Whether it’s retail, office space, manufacturing, public transport, private transport or public spaces – the mass volumes of data being generated throughout working environments will provide both end-users and IT & business leaders with actionable data to improve decision making in real-time.

Gartner expect leading businesses to invest in the alignment of the operational technology (OT) – used to manage the ‘building’ and enterprise information technology (IT), by doing so they will benefit from: greater situational awareness of productivity and performance; the ability to leverage data across OT and IT to support their big data initiatives; condition based maintenance, reduced operational costs, and a myriad of staffing cost based paybacks through establishing a more agile workforce and leaner processes.

Fundamentally, this actionable real-time data will make working environments agile. From ‘true’ hot-desking capabilities to the increased productivity of a ‘live working space’ – or campus-like working environments; business leaders will be able to make agile and accurately informed decisions that will transform the productivity of some of their largest overheads.

In our next post, we’ll look at some of the technologies driving innovations in some of the hottest IoT industries. However, in the meantime, if you would like to know more about intelligent work spaces, I encourage you to connect with us via twitter, LinkedIn or please comment below.

Thank you

Mark