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

Or threaten to walk away and see if he can call PINN's bluff. They were bound to try and push up the price. Just remains to be seen if they really think PINN is worth more than 21p.

I respect db4 decision and explanation above. It's a good point about analyzing your initial reason for buying and whether anything has changed. Indeed Breith's target of 10p a share was one good reason on top of the remarkable turnaround he brought to the co and huge deal with mitie. The thing is, IMO nothing has changed and he has kept to his word in expanding and developing the business rapidly. A co of this type cannot mushroom through organic gth without the infrastructure, staff and resources. To fulfill his ambitions they needed to acquire other companies and he has been upfront about this. The likes of Pinn can be turned around under Breith and add credibility attracting larger and larger deals as clients will have more faith that they can deliver. Also, when you buy a share, you either think I'll prob take a quick profit or hold for long term and I think most of us here and on the other boards did thnk the latter. I think it'd be shame to lose faith now at still such an early stage, Breith probably has loads of potential deals lined up he cannot fulfill without a larger org structure, note the jobs being advertised on website and twitter and so on. A big deal or the expansion of the mitie deal as suggested in daily mail may be announced anyday which would massively upset the sp and maybe the 10p target is not too distant. You are absolutely right about taking a profit but being on the sidelines really wanting to be in is as nerve racking as holding, for me anyway as I am finding with atuk at present, cannot imagine what that will be like if becomes another ASOS like experience.. The short term may be bouncy but when it comes the upside will be quick and profitable to holders and painful for side liners.

Good post robstuff, I agree with a lot of what you say, but for the time being I will continue to sit on the sidelines taking the valium! :-)

Looking at the CHART, with time 2.50p is a good posible price to retrace

At the results as usual on a start up company trying to turn around, there was a lot of HOT air on the figures.

Sold on the 16 August, managed to get 4.30p

Yep, DB not going to make an offer so I'm bit relieved as we don't want to waste time and buy over the odds, last load of sells reported actually buys, one mine. I think we are close to deal announcement(s)

Just dipped my toe back in again - that RNS was just what was needed, a quick decision. One thing the markets and investors hate is uncertainty.

Agreed, looked quite adventurous, glad he saw sense and won't pay over the odds, should go blue now

If David Breith is the cheeky chappie I think he is, then he could wait until the PINN share price drops back to 17p - where it was last month - then come up with another offer. An offer of 21p per share might look like a very attractive proposition to Pinnacle shareholders in a few weeks time. ( Bid price for PINN currently at 18p )

5 September 2013 Last updated at 15:23

Coms pulls back from Pinnacle bid.
Internet telephony services provider Coms plc has pulled back from a takeover bid for telecoms firm Pinnacle after its initial offer was rejected.

London-based Coms announced earlier this week it was considering an offer for Pinnacle of about 21p per share.

The Stirlingshire firm described the Coms bid as "opportunistic" and would not recommend it to shareholders.

Coms responded by saying it had no current plans to make an offer for Pinnacle.

In a statement, Coms said: "The board considers that the proposal reflects fair value for Pinnacle shareholders and, as such, without a recommendation from the board of Pinnacle, the board confirms that it has no current intention to make an offer for Pinnacle."

Pinnacle specialises in telecoms services for large events and worked on the Olympics, the Queen's Diamond Jubilee, T in the Park, the Pope's visit and the Chelsea Flower Show.

Its latest set of financial figures revealed a fall in sales and a loss for the six months to the end of March.

In its last set of results, Coms plc reported a 250% increase in sales and cut its pre-tax losses.

Welcome back Doodlebug, I didn't think you would be out for long.

A large deal announcement could be any time, 23m co with these sort of deals? not for long, profit taking is making the shares look good value and have topped up this morning.

Not so good with COMs atm but i'm sticking around for the long term.

Topped up on LBB ... looking interesting ahead of results due soon.

I've got 7 shares in my little portfolio at the moment and this is the only one in the red today - so far. C'mon COMS, you can do better than this ! To be fair, there have been times over the last few months when my other shares were all red and COMS was blue. Swings and roundabouts.

Article by David Thornton in Red Hot Penny Shares Mag about Coms:

How you could make 231% from ‘the voice in the cloud’
In Penny Sleuth last week I was evangelising about the exciting potential of cloud computing. This has been one of the most lucrative investment stories of the last few years. And it’s a simple story.
As you know companies like Amazon and iomart have spent the last decade building vast data centres – huge humming rooms of computers that act as server farms for the economy. Anyone who produces large quantities of data – from banks to telecoms – can now rely on these data centres to support their business. And it’s dawned on executives that they no longer need to build and maintain vast IT systems. They can simply rent out servers online or ‘in the cloud’ – just as a utility supplies electricity down the cable.
In fact, shares in iomart are up five-fold in the last three years alone. And the big lesson here is that by owning the technology that supports our economy, you could make serious gains on your investment.
I’d like to tell you about another great cloud-computing stock today. I recently spoke to David Breith, the new chief executive of this company. And I have to say I was very impressed. Breith is a telecoms entrepreneur with tremendous flair. Having sold his last business to Daisy, the listed telecom provider, he seized the opportunity back in January to buy a big stake in this company and set about transforming its prospects.
The company is called Coms (COMS) and it helps small businesses to rent their phone and data services in the cloud. It’s a simple story – the best ones always are! But I think it has the potential to deliver a 231% gain from here (at the very least).
The one telecom sector that produces great returns
The telecoms revolution has brought us benefits unimagined a couple of generations ago. The fact that you can make an international call through Skype for almost no cost at all speaks for itself. In many ways these advances have made the world a little smaller.
The problem is that even the smartest innovations rapidly decline in profit as competition moves in. Hardware is tough. And even a market-leading brand like Nokia can suffer a cataclysmic fall from grace in just a matter of years.
However, there is one sector of the telecoms industry where I think it is possible to grow a decent business from a small base; and that is by focusing on the customer service end. Because the fact is that big network operators can be more focused on their hardware and systems than on the people that use them. Helping customers get the best out of the service doesn’t always seem to rank as their top priority. I mean how many times have you had to penetrate a long list of options on our telephony provider’s automated switchboard or try to navigate their poorly designed website? Big companies can often be complacent in their attitude to the customer, especially in the small company sector.

AIM-listed Pinnacle Telecom (PINN) valuing its equity at around £6.7m. Pinnacle had sales of over £12m in 2012 and had raised funds earlier this year leaving it with net cash in the balance sheet.
However just before we went to press Coms announced that it would not proceed after Pinnacle rejected the indicative offer. Given Breith’s large shareholding in Coms, I assumed he wouldn’t make the mistake of overpaying and destroying value, and this has proved to be the case. The distraction of a drawn out bid process would also have been unwelcome. And I take heart from Coms’ discipline in walking away. We should however expect to see acquisitions and opportunism as the company grows. It is going to be part of the story.
This could deliver a 231% return
To reiterate: to invest in Coms at this stage is to invest in Dave Breith’s entrepreneurial flair. He is experienced in telecoms and has a clear vision of where he wants to take the company. The shares have had three big jumps this year. At the start when Breith came onboard; in April on the MITIE contract win; and again in June which took the shares up to the 4p level which valued the equity at £24m. That is a full-looking price for £10m of annualised sales – we are paying a premium for management and the expectation of fast growth.
Given the sales pipeline it is possible for Coms to have annualised monthly turnover approaching £20m by the end of this fiscal year which helps underpin the current price. As the growth momentum continues next year and the mobile leg is added, then the shares should offer strong upside. If a canny acquisition or two helps to accelerate the process, so much the better.
As a comparison, the more mature Daisy sells on a price of roughly 1 times sales, or 1.25 times sales if we include debt. If we get to that longer-term goal of £100m sales then the shares should do extremely well.
Let’s assume in a year’s time we are looking at a £50m sales monthly run-rate with prospects of approaching the £100m rate as we move into 2016. On that basis we should be looking at a market value in the £100m region on an 18-month view. We should allow for extra shares being issued to fund acquisitions; so that might imply a three-fold rise to 12p.
Verdict: Coms is a management situation as evidenced by the dramatic turnaround in prospects this year after Dave Breith became CEO. It is a bet on him and his team executing the growth strategy and supplementing it with smart deals. My target is 12p. Buy with a limit of 4p.

See also new Zak Mir article: http://www.tradersown.co.uk//magazine/read/coms-coms-fresh-buy-trigger-awaited_2211.html#sthash.S62CfFDz.dpuf

Simon Munro has also been topping up in the 3.6-3,8p range, so at least expect a holding RNS next week. Also note the huge buys after Friday's Close, which were not Simon's.

Thank you for posting that article 4PetesSake, an interesting read.

Bodes well for Iomart. :-))

I like this bit:

Let’s assume in a year’s time we are looking at a £50m sales monthly run-rate with prospects of approaching the £100m rate as we move into 2016. On that basis we should be looking at a market value in the £100m region on an 18-month view. We should allow for extra shares being issued to fund acquisitions; so that might imply a three-fold rise to 12p.

nice!

Exercise of warrants

Coms plc (AIM: COMS) advises that certain warrant holders have exercised their right to subscribe for 6,554,700 ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 3.7 pence per Ordinary Share. These warrants were granted at the time of the placing of shares announced on 14 May 2013. The Company will use the funds raised, of approximately £0.24 million, to help accelerate the growth of the business both organically and through acquisitions.

Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM and it is expected that dealings will commence on 13 September 2013. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 607,873,783 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Disclosure and Transparency Rules.

I sent DB an email this morning, asking about progress with the Mitie contract etc, and i have kindly had this response from him as follows:


Hi Robert,

Unfortunately I am bound by a set of rules not to give out any price sensitive information, sorry.

I can state we are working on a number of opportunities, some of which are large and as soon as we can they will be announced via RNS.

Please be patient with us we have already got a very good track record over the last 6 Months, and the pipeline has only been increasing as you would of seen in RNS to date.

Thanks

Dave

Dave Breith | CEO

Surely its on twatter! :-)