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

Coms (LON:COMS), the internet telephony specialist, ticked higher on Tuesday. Its shares are notoriously quiet unless there is news out. But today was the exception as it rang higher.

“Nothing wrong with building a firm base with small daily upward movements till news,” quipped one satisfied investor.



http://www.proactiveinvestors.co.uk/companies/market_reports/57366/most-followed-leyshon-resources-sirius-minerals-reneuron-vodafone-coms-thorntons-57366.html

Thank you dc. Nice chunky buy just gone through - 3.8million @ 2.45p

DC

Thanks for that link. To be one of the most followed companies even on a day when there is no RNS is quite an achievement. I'm not waiting for the next RNS and have topped up again today.

My guess is there could be another RNS very soon re "Holdings in the company". Perhaps Commerzbank increasing their stake.

Share price nudging up again after more buying pressure.

3.5million exchange announced after the close tonight.

Edit - time given as 10.09.

Doodlebug

On LSE it shows as two separate delayed 3.5m trades on on 28th May one at 10.09.45 and the other at 10.09.55.That is almost 2% of the company. II's are certainly getting interested now.

Thank you for that info 4Pete.

Errr so someone sold 3.5 million to someone who bought 3.5 million , what's so exciting about that ?

It was such a boring day on the markets yesterday Dil - anything happening at all was exciting. Well at least it woke me up!

lol

Dil

Both 3.5m trades show as buys on the LSE list of trades.

Another 3.5m buy today. Holdings RNS soon.

The movement in the share price today was significant, far more sells than buy yet the SP has risen well. I imagine that the explanation may lie in a big delayed trade or director buy that will perhaps show up tomorrow.

http://www.moneyam.com/action/news/showArticle?id=4609773

Highlights

· Revenues on continuing operations increased by 46% to £1.62m (2012: £1.1m)

· Gross profit on continuing operations increased by 55% to £0.93m (2012: £0.60m)

· Gross profit margin on continuing operations increased to 57% from 54%

· Disposal of VCOMM UK Ltd, the Group's equipment distributor

CEO's Statement

Coms made very little traction during the year 2012/13 and the actual financial performance was disappointing.

I was appointed CEO on the 9th January 2013 after investing my own money and embarked immediately on a turnaround of the business. However with only 3 weeks of the financial year remaining there was no time to make an impact upon the 2012/2013 fiscal year.



However the plans to turn the business around have been put in place, I have strengthened the Board and Management and clearly communicated the new focus and strategy for the business.



Overall, the market for hosted VoIP services continues to expand as customers seek alternative lower cost solutions to traditional fixed line carriers. The main market for Coms has always traditionally been SME businesses. However this will evolve and expand such that all customers large and small will be catered for within the new strategy. This can be demonstrated with the large contract win recently announced, amongst several other smaller contract wins and the positive activity the Company has announced since I have joined the business.



Following the placing announced on 14 May 2013, the finances of Coms are now on a stable footing and I am extremely excited and proud to be part of the new Coms plc story. I am very confident that the Group is now in good shape and under control. I look forward to working with the refocused Board and Management and to creating significant shareholder value.


David Breith

CEO

The RNS was exactly what we expected and it is good to have that one out of the way. Thank goodness that Drummond is gone (Although he still holds some shares). The future from here onwards looks extremely promising.

The market agrees with your last sentence 4PetesSake - nice intraday reversal and up 15.79% now.

A smart move by David Breith to get the Final Results out a month early and draw a line under the past. There's a clear statement of intent and confidence in his own ability and the ability of his team to deliver.

A more recent Zak Mir article.

http://www.tradersown.co.uk//magazine/read/coms-coms-half-way-up-to-5p_1600.html#sthash.mo5oNUGZ.dpbs