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

All looking good for COMS isn't it ?

Been in since .027, .029, .033 & .043... have sold bits along the way but still have a sizable holding which I'll hang to for a year or two for the much bigger gains...(imho)

Be better if they employed me as their PR guy but can't complain to be honest.

I think you should be employed in charge of their PR, Dil. TV advertising costs a lot of bucks and as a shareholder I would hate to see the COMS advertising budget spent unwisely. You just need to look at some of the terrible ads on TV right now = what an utter waste of money.

Two very sizeable late trades gone through over the current offer price - RNS tomorrow? :-)

Seems to have settled quite nicely at this level. Not really expecting any great movement now until the next raft of contract wins.

We don't seem to have any further info on this HARRYCAT, unless I have missed something.

From the 23rd January RNS ----------
"The company anticipates giving a further trading update within the first few weeks of February once more accurate numbers are known."

See post 784.

Is that RNS regarded as an official trading update, skinny? Sorry if that is a silly question, but the RNS is headed "Contract Wins" rather than "Trading Update".

Sorry - I read your post as no further news since 23rd.

.

I'm confused now - it doesn't take much - but I suppose that RNS on 10th Feb. could be construed as a trading update !

Trading Update

Coms plc (AIM: COMS) is pleased to issue the following trading update ahead of the Company's final 2013/14 annual report and accounts.

The company is pleased to state the following:-

· Revenues for the year will be approximately £14.0 million.
· EBITDA for the year will be approximately £0.75 million
· Profit before tax for the year will be approximately £0.45 million

The company anticipates that the annual report and accounts will be audited and signed off and released in May 2014 with the AGM being held in June 2014.

Dave Breith, CEO of Coms, commented:

"The company embarked on an incredible journey 12 months ago and I cannot stress enough the hard work and determination of all the Coms group staff. They have all been instrumental in achieving such an excellent financial performance. Growing a company in the manner that we have, by efficiently acquiring and integrating numerous complementary businesses, whilst ensuring continued fast organic growth in the core business and achieving profitability is certainly the hardest task I have ever had to perform. It has been a privilege to lead the Coms team and to turn this business around and I am very much looking forward to sharing my vision for the future which will be outlined in detail in my CEO statement in the audited annual report & accounts."

Ouch! Down 13% already. Not sure which bit of the trading update didn't meet expectations.

The sell off didn't last very long early on - onwards and upwards now.:-)

You either believe in the potential growth story of this company, or you don't. The Trading Update was good, figures ahead of expectations as David Breith said they would be - he's only been in the job for just over one year and I think that's a pretty impressive performance in a short space of time.

LISTEN: Coms Plc - Trading update

Click here

Charles Stanley update:

Coms trading statement for the full year, ended January, is far ahead of our
expectations with revenue of £14.0m, EBITDA of £0.75m and PBT of £0.8m.
This compares with our recently raised estimates of £12.0m, -£0.2m and £0.2m.
We view this as an exceptional performance and further evidence of
management’s execution given the acquisitions that were made during the year.
We reiterate our Buy rating and raise our price target to 13.0p from 12.0p
given the further de-risking in the shares provided by execution in a year of
turn-around.

A year of turn-around and another big year ahead - To put these numbers into
context, Coms had revenue of £1.6m last year and an EBITDA loss of £0.8m. Through
a series of acquisitions, the new management team has reversed the fortune of the
company. While a lot has been accomplished, we believe there is still much to be
done in the year ahead with our revenue/PBT estimates of £46.8m/£2.4m,
representing further top-line growth of 234%. Much of the task in the year ahead
will be to integrate the acquisitions of Communica Holdings, representing
approximately 95% of Redstone Plc's assets and CloudXL, which was agreed two
weeks ago.

We raise our estimates for 2014 but leave 2015 and beyond unchanged - We
are leaving our estimates for the year ahead (2015) intact for the time being but will
look to review at the time of the company’s full year that we believe will be issued
sometime in May. However, this full year results date still needs to be confirmed
with the company.

Raising price target to 13p from 12p based on further de-risking - We have
raised our price target based on the reduced risk we see given the company’s
performance in the year ended January 31st, 2014. Based on conservative discounted
cash flow assumptions, we see fair value above 13.0p, but assume this level for the
time being. We cross check our DCF-based target with valuation multiples that imply
19.5x EV/EBITDA and 2.2x EV/Sales at our price target of 13.0p in 2016 (effectively
calendar 2015) which we believe is reasonable, given we expect EBITDA to rise a
further 104% during the year. The company currently trades at 14.2x EBITDA and
1.6x EV/Sales.

Update from citywire.co.uk today:

Helium’s Newton adds to Coms holding


Small company hedge fund manager David Newton, of the sector-beating Helium Special Situations fund, has exploited a share placing to up his stake in business telecoms provider Coms Plc (AMAN.L).

Newton upped his stake in the company from 72.5 million shares to 95.5 million. Accounting for the dilution impact of the new shares, that took his holding in the business from below 9% to 9.95%, worth £5.73 million at a placing price of 6p, or £8.59 million at the open-market price of 9p.

Newton invests in under-researched small companies where he believes the market has misunderstood the value in a business, returning 129% over three years versus an International equity index of 8.7%. Helium Special Situations is an offshore fund managed by IS Partners in Switzerland.

Shares in Coms Plc have spiked 68.3% this year versus a FTSE AIM return of -1.74%.The new issuance will fund the company’s acquisition last week of cloud and data management business Actimax.

In a trading update at the end of January Coms said that revenue for the full year would be ‘significantly ahead’ of expectations.

13p .... they're having a laff but in all fairness they do say it's a conservative estimate.


Me and the tea leaves are going for 16p and thats without any further big deals / takeovers but wtfdik :-)

I much prefer your analysis Dil, why use four paragraphs when one sentence will do !:-)