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

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! :-)

Holdings in Company

Coms plc (AIM: COMS) has been informed that Simon Munro has increased his overall shareholding to 28,000,000 shares taking his overall holding to 4.61% of the Company.

There is the Simon Munro Holdings RNS that I promised you a couple of days ago.

I'm not sure whether I think Simon Munro is brave, or crazy! :-)

Buying in the 3.6-3.8p is surely a no brainer.

From Twitter - DB is doing a BRR Media Interview at 8.45am tomorrow.

The last time he did one on 14th June an RNS was released the same morning naming Mitie as the Company who the Big Contract was with.

Yawn.

Contract Wins

Coms plc (AIM: COMS) has made a number of recurring contract wins over the past month within its retail, enterprise and wholesale divisions. The total revenues combined are just over £1 million pounds per annum.

Dave Breith (Coms CEO) stated: "These contracts are a further example of the attraction of Coms' managed service offering based around its carrier class VOIP platform. I am delighted with the progress to date and the recurring nature of the contracts gives me confidence around the visibility of revenues going forward"

Doodlebug

Why the yawn, wake up to the RNS.

http://www.investegate.co.uk/coms-plc--coms-/rns/contract-wins/201309120700067826N/

Listen: Coms plc - Company Update

Click here

The following link takes you to the advert for the Coms HR Manager. The interesting part is the bit, which refers to the large increase in staff.

http://www.slideshare.net/slideshow/embed_code/26192238

4P's Link

Unless there is some news to bolster the sp, this could drift quite a bit lower, imo. Just from a chart perspective, maybe even as low as the 3p level?

Issue of Equity

Coms plc. (AIM: COMS) announced the acquisition of Premium O Limited on 12th June and 12 million shares being deferred dependant on £55,000 gross profit over the first 3 Months totalling £165,000.

The Company is pleased to announce that Premium O has achieved the gross profit and £357,000 in the first 3 Months from the date of acquisition has been achieved which is £192,000 over target.

Application will be made for the admission to trading on AIM of the 12,000,000 Ordinary Shares with admission expected to take place on 24 September 2013. The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 619,873,783 Ordinary Shares, The Company holds no Ordinary Shares in Treasury at this time. The figure of 619,873,783 Ordinary Shares 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.

The 12 million shares will be allocated as such:
David Breith 7,140,000
Lee Campion 4,800,000
Suzannah Doyle 60,000

After allocation of shares David Breith (CEO) will own 137,326,455 shares representing 22.15% shares in the company and Lee Campion will own 24,000,000 shares representing 3.87% of the company.

I'm out for now except for a small holding , Breith starting to come across as another Barry Muncaster (just my imo).

I agree with you Dil.