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

Everything seems to be choo, chooing along nicely here then some twit mentions twitter and it all goes pear-shaped. :-)

nice drop today..opportunity to buy more at a low levels... potential for the share of the year for 2014! (imho, dyor)

Yes, and now that the Moneyam village idiot, goldfinger, seems to think I am DB, the CEO of COMS, I can safely predict that the share price "will reach 10p in the near future".

out of curiosity, why would you (or anyone) want to be a member of twitter or any other of these "social media" sites?

Good question cynic, goldfinger seems to be totally obsessed with twitter. David Breith, the CEO of COMS seems to be obsessed with twitter. I just don't understand why. It is a social media tool which is vulnerable to all sorts of abuse.

exactly so and i won't go near it tho some of my biz contact would like me to join them there

Coms plc (AIM: COMS) was informed yesterday that on 14 October certain warrant holders have exercised their right to subscribe for 2,346,800 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 24 May 2013. The Company will use the funds raised, of approximately £0.086 million, to help accelerate the growth of the business both organically and through acquisitions.

Application will be 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 24 October 2013.

Another scrillion!!

Issue of Equity

Placing of 167,586,000 new Ordinary Shares

From Twitter the fountain of knowledge.......

Philip Howdle ‏@howdlep
#COMS £5m (£4.8m nett) raised @ 3p to existing and new institutions. Company now has £7.9m cash for earning enhancing acquisitions

skinny -I suppose an RNS like this has been on the cards ever since the recent Pinnacle saga.

Yes agreed - I'm still 30+ % up on these, but I'm not expecting any great move anytime soon.

Nice skinny, I've made a good profit on these too and will look to buy back in again sometime in the future. Keeping a watchful eye atm.

I thought with another 2.3m shares hitting the market this morning that the sp would drift, but not yet happened. Was hoping to pick up a few more at 3p!

thats only 69k H

The stock is ready for the BIG push forward

Slowly rising for the last fews days is telling that the sells slowly are being outnumbered by BUYS, and today is the BIG turning point

DB's Win an iPad Competition

SP Predictions updated at:

http://www.lse.co.uk/general-chat-discussion.asp?page=7&TopCode=CL6AO5XJ

Only 4 full days left to enter the competition.

WHY DO PEOPLE USE TWITTER?

More and more news is breaking first on Twitter. By following people such as Zak Mir for instance, you can get hot investment news as soon as it breaks.

What you use it for and how you use it is down to you. Personally I find it to be another very useful research and investment tool. I never imagined that it could be so useful.

It just does not make sense to deprive yourself of a very useful tool in your investment toolbox just because you think that social media is for twits.

StockMarketWire.com
Coms has conditionally agreed to acquire from Redstone its subsidiary Comunica Holdings and its wholly owned subsidiaries Comunica Group Limited and Redstone Converged Solutions (together Redstone), a significant player in the UK information technology and communications sector.

Redstone is a leader in infrastructure, smart buildings and support services with a strong financial services client base. Founded in 1995, Redstone has a strong recognisable brand and has grown to an over £30m annual revenue base with 300 staff.

In the year ended 31 March 2013, Redstone reported turnover of £30.8m and EBITDA of £2.5m. Redstone has a list of blue chip clients and partners including Cisco, IBM and HP, and Coms has identified potential for growth in new markets and industries for the enlarged Coms Group.

The total consideration of £9.5m will be satisfied as follows:

· initial consideration of £7.65m coming from Coms's cash resources and a new £2.5m overdraft facility secured against the Redstone order book

· a further cash deferred consideration of £1.85m which will be paid on the anniversary of the date of signature of the sale and purchase agreement.

http://www.moneyam.com/action/news/showArticle?id=4699457

Dave Breith, Coms CEO, states:

"I am delighted that Coms is acquiring the Redstone ICT Business; it is a quality operator with a well recognised brand and a blue chip client base to which Coms can seek to leverage and cross-sell its broader suite of services. This will be the 7th acquisition since I became Chief Executive of Coms and I am pleased to report that we are well on our way to delivering our strategy of becoming a full service communications and ICT business"


"This acquisition is earnings enhancing and provides us with the scale we need to further build the Coms group of companies. It provides us with a significant increase in income generation to fund the enlarged business and also establishes a sound infrastructure, which allows the Coms group to provide an integrated service for our customers from "telecoms connectivity through to telecoms solutions". Whilst Redstone will operate as a subsidiary of Coms plc we have identified significant commercial synergies and cost savings that can be achieved by bringing these two businesses together under the Coms umbrella. As a result we will achieve a significant uplift in gross profit, access to European markets currently served by Redstone and a significant 'value add' to customers of both businesses. This acquisition fundamentally changes the dynamics of our business and positions us for the next phase of growth."

On an afternoon run +11.3%.