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 - 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?

Hangon

Your post is very fragmented, are you sure that you have posted on the correct BB. You really do not make a lot of sense. I strongly suggest that you do a lot more research. Or maybe you are just another one of the late arrivals who wants the plane to return to the airport to pick you up. lol

Contract wins

Coms plc. (AIM: COMS) Has made a number of smaller contract wins over the past month within its retail division. Whilst no single contract is significant, the combined gross profit will be £60,000 per annum and more importantly are primarily recurring annual service driven contracts with minimal cost of sales. The contracts won include:

· University of Brighton
· Glencore Exploration
· Uswitch in Partnership with Forward Group
· CenterParcs
· Ticco Foods
· South Tees NHS Trust

Dave Breith (Coms CEO) states "By signing contracts with Enterprise customers such as these gives Coms significant upsell opportunities. It is hard to win the initial business with such organisations so this further demonstrates that our sales and marketing activity is working and we not only expect to sign up more customers but also be well positioned to be the provider of choice with these customers when the larger contracts are awarded"

continuing to look good...lots more good news to look forward to!

Makes me wonder slightly what exactly the contracts are, as Glencore Xstrata International Plc (No such company as Glencore Exploration that I can find) is the world’s largest publicly traded commodities supplier, so any contract with them should be very significant.

"Whilst no single contract is significant, the combined gross profit will be £60,000 per annum and more importantly are primarily recurring annual service driven contracts with minimal cost of sales."

Its blue atm Harry.

Not complaining skinny, I hold COMS stock, but would have thought signing up Glencore would have been much more of a publicity coup.

Its obviously a 'jam tomorrow' RNS - just this week rather than next year please.

RNS Number : 6285J
Coms PLC
18 July 2013
18 July 2013
Coms plc
("Coms" or the "Company")
Shareholding
Coms plc. (AIM: COMS) Has been informed that Simon Munro has increased his overall shareholding to 17,759,853 shares taking his overall percentage to 3.30%.
Dave Breith (Coms CEO) states "We can see that Simon has been ever increasing his shareholding in Coms over the last 6 Months since my appointment, and I would

The rest of the above RNS :-))

"like to thank Simon and all shareholders for their continued support and belief in the Company"

skinny - thank you, I must drink more water - not used to this heat!! :-)

:-)

just spoke to the fat controller ... departure for next station imminent , choo choo :-)

Major Contract Wins

Coms plc. (AIM: COMS) In a trading update announced on 13th May we announced that the Company's new in-direct sales (wholesale) division led by Tim Loveday had built a pipeline of sales prospects, representing a potential of just over £7m annualised revenue.

Today we are pleased to announce that the pipeline potential has grown to over £8m and with our supply chain now in place we can confirm that we have already signed and closed contracts worth £2.9m annualised revenue out of this pipeline with another £5.1 million in the current pipeline which our team can potentially convert.

Dave Breith (Coms CEO) states "I cannot emphasise enough how hard the team has worked over the past few months building all of the back end infrastructure from ground up as well as the support and supply chain for our enlarged product portfolio, which includes considerable automation within our AskMerlin platform to make this business truly scalable. "

This is a must read article for Coms' investors or those thinking of investing in Coms . (Page 19 in this month's magazine refers to Coms).

http://content.yudu.com/A29tcy/CDJuly13/resources/index.htm?referrerUrl=http%3A%2F%2Fwww.comms-dealer.com%2F1stview_CDjuly13_cd13july3

Highlights:

DB." I plan to introduce additional services to the portfolio and take much larger chunks of the market over the coming months. If anyone thinks I have been causing a stir then be warned because this is minor to what is coming".

Breith revealed ambitious plans to grow Coms Plc's market share in the channel substantially stating that he expects the company to double in size over the coming six months. We are on a massive push for organic growth as well as being acquisitive.

"You can expect Coms to be the largest cloud based telephony provider in Europe. We have already started selling some services abroad, but when we have taken a large share of the UK market we will start to expand overseas. Coms will become a credible European telecoms carrier. Watch this space".

I'm going to the Abu Dhabi GP so I will give them a look while I'm there!

Just use the first part of the above link, then go to page 19.

http://content.yudu.com/A29tcy/CDJuly13/resources/index.htm?referrerUrl=http%3A%2F%2F

You may need to paste it into your browser.

4PS's Link

Thank you for that 4PetesSake. "Watch this space" - ok David, indeed we are watching. David Breith can certainly talk the talk and there is no doubting his self belief, but one of the problems associated with all his spouting and pontificating is that it brings higher expectations and more impatience from his shareholders to deliver. Hopefully he will be able to fulfill some, if not all, of the predictions he has made since taking over as CEO.