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

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 !!

Thank you for that 4PetesSake. Share price is having another go at the stubborn 4.5p resistance level now and some big buys going through ahead of the AGM tomorrow.

Let's hope David will expand on his prediction of 10p per share and what plans they have to drive business forward to warrant that price. More recent comment has been that he thinks it'll be 30p the way business is going. But it's since gone quiet so hope to get some more detail of the Mitie deal progress and whether that will be upscaled from 100k properties to the 500k intimated by the Daily Mail

I'm not quite sure why everyone thinks there is going to be earth shattering news from the CEO at the AGM tomorrow. I can certainly imagine him adding details to already agreed contracts and their plans for the future, but surely any news which isn't already out there must be released as a RNS. if it is likley to affect trading or movement in the sp?

Agree with your comments HARRYCAT, but some buyer/buyers appear to be building a stake today - not the usual day trader type buys. imo

RNS Number : 4238J
Coms PLC
16 July 2013





16 July 2013



Coms plc

("Coms" or the "Company")



AGM

Operational Board Appointment



Coms plc. (AIM: COMS) is pleased to announce that at the general meeting of the Company, held earlier today, all resolutions were duly passed



At the same time the Company is pleased to welcome Jenny Herd to the Operational board as head of Support/IT and Networks.



Dave Breith (Coms CEO) states "It was good to see and meet many shareholders at our AGM today and I am extremely pleased that all resolutions were passed which means that the Company can continue its aggressive growth plans. The authorities that the shareholders have given us means we are able to step up a gear in our quest to build this business.



I am also glad that Jenny has agreed to join us. Jenny was my Managing Director at O-bit telecom and brings with her years of telecom experience as well as working with me over the years. With the recent appointments of Sue Alexander (Finance), Tim Loveday (In-direct Sales) and Stephen Foster (Group Sales Director) this now means that I have the right team around me to take the business to the next level and beyond."

AGM - Update

Hi all, please note that this update is based on some notes that I took at the AGM and on my best recollection of conversations held afterwards and I take no responsibility if it does turn out to contain any slight inaccuracies, it does also contain some of my own opinions and should not be taken as an inducement to buy or sell.

Dave Breith, Iain Ross and Stephen Foster were sat at the top table, Sue Alexander and other Coms staff were also presents. In total about 20-25 were at the meeting which was relatively short, about (15 minutes) but sweet.

Rather than questions being asked at the end of business, the directors and other staff made themselves available to talk with shareholders 1-2-1 or in small groups over coffee and refreshments.

As mentioned in today's RNS on the AGM all the resolutions were passed, confidence is clearly high in DB and the team that he has built.

A question was raised during the main business regarding whether shareholders would have the opportunity to buy shares in any future placing and therefore benefit from buying shares at a reduced price. DB has already stated in the youtube interview that he does not see the need to raise further money and that if it was necessary it would only be to fund an acquisition. It was explained that the company would look to involve shareholders, BUT often funds for an acquisition are required quickly and the best way to do this is raising them through an II. Rights issues take a lot of time and are more costly.

Iain Ross commented during the meeting, "This is a fast growing business, we expect the share price to continue to rise". Some body language during conversations afterwards caused me to think of going up a mountain rather than a hill.

I had discussions re Drummond finally being out of Coms and am still amazed that he did not wait any longer and sell over the 3p mark. Of course he NOW has no idea how the company are progressing and clearly has not read the RNS's or done his research in the same way as us PI's.

DB was asked what is the biggest risk to Coms, the reply was along the lines of not being able to recruit the right staff. However this is more an issue than a risk and with time the right staff can be appointed. His appointment of someone of the calibre of Stephen Foster is a prime example. Bear in mind that Stephen was retired, looking forward to fishing and playing golf and working about 6 days a months as a non-executive director. However the appeal of Coms was to difficult to resist and he will no doubt be pivotal in the securing of new busness.

Discussions were also had re the next trading update and whether some future projections can also be given, this was taken on board and we will hopefully see these projections in the next update.

At the end of July DB will begin his Tweeting and will not get caught out in the same way as David Cameron who posted a tweet on a spoof site.

It was a pleasure to spend some time chatting to DB & SF.

I would strongly recommend attending the AGM next year, who knows where the SP may be by then.

Grief, folks are prepared to pay 43x face value . . . and who says this is a new Tech? Cloud is already there and it's not clear who/if anyone is making money, certainly not yet.
. Linking to anything with "Gov" doesn't mean much IMHO - as the UK Gov is hardly capable of making any "Techy" decisions... although it might create the impression all is well and overpriced.
Users will drift to the cheapest cloud. Which, I'm guessing , means the profits will always be under pressure.

Shareholders better watch it . . . (this week?), new shares were issued cheap, when you add-in the Warrant . . . . which will be OK'd by "shareholders" at a General Meeting . . . . maybe 8:30 AM anyone?