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

Is that an inside day on the 28th ... what's the significance of that if any ?

Yep - I make you right! :-)

On edit - Dil - sorta kinda!

All mumbo jumbo to me I'll stick to the tea leaves . much more scientific approach.

Posts crossed again - can't you stick with posting during the night :-)

Board Update

"Stephen Squire Foster, aged 61 has an outstanding 35-year commercial and management track record in large businesses in international IT and Telephony sales and until his recent retirement was Vice President Sales for Siemens in the UK and Northern Europe. His contacts and experience will be invaluable to Coms as we build the business going forward."

Coms plc (COMS) is pleased to announce its participation in a major countrywide HM Government backed initiative as follows:

· Coms plc has signed an exclusive Joint Venture agreement with YourForum to assist the national 'push' for Central Government and Local Authorities to provide Broadband services across the country.

· In addition to broadband services a Smart Monitor software package will be provided in partnership with B.E.E.S. and made available to all users.

· As from 1st August Coms Enterprise Limited (a Coms Group plc subsidiary) will focus entirely on these digital inclusion projects and 6 dedicated members of staff will be transferred to the subsidiary to assist the Company and its partners to implement this initiative.

The exclusive joint venture agreement with YourForum, will enable Registered Service Providers, Social Landlords and Local Authorities nationally to offer subsidised or - in some cases, free Broadband connectivity to their tenants and community groups, as facilitated by this unique Agreement, which exists to specifically provide Broadband services for the National 'push' to assist Central Government and Local Authority ambitions of 'digital inclusion' for all across the Country.

The drive for national 'digital inclusion' is paramount in enabling every man woman and child the opportunity to actively get involved with the development of their Community and the ambition of creating sustainable and prosperous neighbourhoods everywhere, also - with such a high number of Social housing tenants currently unable to get accessible / affordable internet connectivity our agreement with YourForum is perfectly placed to provide an encompassing solution to assist in rectifying this current issue.

In addition to the Broadband services provided by COMS, the tenants have the option to participate in an energy saving initiative, a Smart Monitor software package provided in partnership with B.E.E.S. (Energy Cycle).

What £££ will that generate over the next couple of years ?

edit
doodle can you change the chart in header to something more readable; say 6 months or so
Cheers - jal

Exactly what I thought, how does that translate to £, it looks almost a charitable thing and expensive too with 6 dedicated staff?

rob
A government funded charity; = £££££££

You are all missing the trick.This creates visability for the company in a much more broader sense.Their light will become much brighter and in turn they will attract much bigger moths.

jal - chart in header changed, your wish is my command!

In that case - can you tell me what the price will be in 6 months time please.

I think we need Dil's tea leaves to answer that question skinny. :-) David Breith has said 10p, so I'm happy to settle for that.

doodle; Grazzi ħafna

StockMarketWire.com
Coms will hold its annual general meeting at the offices of Marriott Harrison, 11 Staple Inn, London WC1V 7QH, on 16 July at 10 a.m.

Harry
Do you think they will announce anything new ?

I have no idea. It would be very handy to have inside knowledge of the board's intentions, but sadly that's not to be. I shall have to try and find out if any of the board members have daughters who are prone to a little pillow talk! I already have a modest stake in COMS so good news always welcome, but am realistically expecting the sp to consolidate for a month or so, until the next movement up (hopefully).

The RNS on 29/4/13 stated, "Coms (AIM: COMS) has been informed today that Jason Drummond has sold 11 million Coms ordinary shares of 0.1p ("Ordinary Shares") and now holds 11,510,859 Ordinary Shares, representing 3.38 per cent of the Company".

With the placing on 14th May Drummond's holding dropped below the 3% figure, which would have required an official notification if he sold out.

About a week I contacted COMS to ascertain what if any shares Jason Drummond still held. I have now had confirmation that he NO LONGER HOLDS ANY SHARES IN COMS. So he has got rid of all £11.5m without any major impact on the SP.

The Daily Mail article on 21st June read as follows: "Internet telephony specialist Coms eased 0.12 to 2.75p but should rally on confirmation, expected soon, that entrepreneur Jason Drummond no longer has a stake. Coms has disclosed it was FTSE 250 company MITIE with which it signed a two year contract to provide low-cost broadband to 100,000 homes. That should soon rise to 500,000, as will the value of the contract".

The most significant point to be made here is that the Daily Mail was right about Drummond selling his shares and this adds credence to the other point made that the Mitie Contract will rise from 100k to 500k housedholds.

DB has stated that he is very busy this month and will not start his daily Tweets until the end of the month. He has also suggested in an email on 25th June that maybe the SP could be 10p within 2 months.

My conclusion to all this is that perhaps DB is working on the enlarged Mitie Contract now and that we may have an RNS about this before the end of the month. Wouldn't that be a nice start to the summer holidays.

Good post 4PS !!