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

Coms has announced that all Resolutions proposed at the Annual General Meeting of the Group held on 27 June 2016 were duly passed. Shareholders approved the renaming of the Group to RedstoneConnect plc. The change of name was effective on 28 June 2016

29 September 2016
RedstoneConnect Plc
("RedstoneConnect" or the "Company")

RedstoneConnect to design smart city retail solution for Milton Keynes

RedstoneConnect(AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, has been awarded a contract to help define a digital framework that will shape a smart retail and car parking offering, including the development of a digital retail centre wayfinding app, in Milton Keynes City Centre.

The contract is part of a wider Milton Keynes City Centre redevelopment project that will include refitting existing retail space and developing new car parking facilities, which forms an important component towards Milton Keynes' ambition of becoming a smart city.

The initial phase will see RedstoneConnect set out a framework for the future digital platform for the retail space, covering key aspects such as smart car parking and payment, customer relationship management and digital wayfinding solutions.

In addition, RedstoneConnect has been contracted to develop a digital wayfinding mobile application and interactive kiosk directories, which will support visitors to the existing Milton Keynes retail centre and the surrounding area.

This initial consulting phase of the contract will be completed by October 2016 with additional scope for RedstoneConnect to participate in the build and maintenance of the project during 2017.

Mark Braund, CEO of RedstoneConnect commented:

"We are delighted to be collaborating on what we believe is fast becoming one of the most important smart city initiatives in the UK. The integrated nature of this project, with its blend of smart car parking, payment, wayfinding, retail loyalty and customer relationship management solutions, is testament to RedstoneConnect's ability to provide a diverse range of solutions and marks an important milestone in the Company's ambition to deliver future smart city solutions around the world."

StockMarketWire.com
RedstoneConnect (Ex COMS) has been awarded a three-year contract extension to an existing managed services contract, valued at £2.8 million a year.

The contract for one of the world's largest financial institutions, which has been a long standing client of the Group's, will see RedstoneConnect provide IT infrastructure management services across a number of campus buildings in support of over 17,000 UK-based employees, nearly 25,000 desktop assets and an average of 10,000 desktop moves every year.

ex COMS called redstoneconnect REDS.

This share has been and still is the bane of portfolio.
Today has I type there has been 22million BUYS and not 1 sell, no movement in price.

Can anybody throw any light on it.

'Tis the Dickensian effect, the ghost of Coms past! :o)

I think the company is on a more sound footing now, hopefully it will start to grow into something at least half decent.

irlee57

bought some @ 1.20p

my posts on other places may give you some enlightenment .......

Today 12:28 Premium Chat Member
There is a large volume at this point where a double bottom has been formed since yesterday

the large size buying now 11M has waited for this low to buy, the seller must be close to the lot soon

double bottom chart

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

Today 14:19
Well well could it be the one at offer was planted in the way some large buyers could get in cheap?

Well WINS just bought 500K from the one at offer at 1.20p after moving them self @ 1.20p bid and the MM went to 1.25p offer

Market close now 1.20 v 1.25p

and Level 2 finished at best of the day as a few minutes before the close ( 16:22 ) another market maker moved to 1.20p bid

so now is 2 v 1

volume and rising = bullish

losing the will to live with this share

I have one AIM share in my portfolio this is it doooooooooooooh

in the first 47 mins of trading 15 million buys no sells no movement in share price.

now up to 40 million

irlee57

.... but UP ( but not due to all buying as the trades are implying ).
Allways MM STFL on the offer, while the others 3 at bid.

something strange is happening on the trading front, as if looking at trades it seems there are buys all the time for the last week, and yet some days is up and others is down.

the conclusion is an Institution is unloading and another one ( or more ) is taking them onboard ) that means the buying and selling ( between them is at the same price ) lately at 1.15p and 1.20p

thanks mentor much appreciated for your insight.

Link to New Redstone Connect thread

Well done skinny. I didn't have the motivation to start a new thread for this train wreck of a company. Maybe they will turn things around, but the legacy of COMS will still linger for a while as far as I am concerned.

I still look at them occasionally - I'm down about 50% on my original holding.