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

I hope the share price takes after your name skyhigh! The next trading update should make good reading.

www.directorstalk.com - article posted this morning for any Zak Mir followers, predicting a breakout towards 5p as early as this week.

4 days to go then! Bring it on!

Double acquisition of network assets

Coms plc. (AIM: COMS), is pleased to announce it has acquired two sets of telecoms and IT hardware used in providing data networks. The Company has acquired one set of assets from the Company's CEO, Dave Breith for a price of £200,000. In addition it has acquired another set of assets from TFM Networks Limited for a consideration of £480,000 Both acquisitions are payable in Coms ordinary shares of 0.1p each ("Ordinary Shares") at a price of 2.7 pence per share for the TFM assets and 3 pence for the Dave Breith assets. For a period of three months, all parties have agreed not to sell any shares without the permission of the Coms plc board.


Related Party transaction

Coms plc. (AIM: COMS), is pleased to announce it has acquired the entire issued share capital Premium O Limited (Premium O) for a consideration of £1,800,000 payable entirely in Coms ordinary shares of 0.1p ("Ordinary Shares") at a price of 3 pence per share. The consideration will comprise an initial consideration of 80%, with 20% deferred until Premium O has generated for Coms an additional gross margin of a least £55,000 per month for at least three months. Once this condition has been satisfied, the issue of the shares is at the option of the individual Premium O shareholders

Iain Ross (Coms independent non-executive director) states "The purchase of these 2 networks and combining them gives Coms plc an additional and powerful business advantage. By being able to provide data and broadband in-house gives us the control we need for our core hosted and cloud based services and well as massive upsell opportunities to our growing customer base. This will also help the roll out for our recent large contract win and add additional profitability to the business"

Acquisition and Related Party - Replacement

This announcement replaces RNS 8246G released on the 12 June 2013 at 07:05. The number of shares to be issued to Suzannah Doyle has been corrected to 240,000 and 60,000 and the number of shares to David Breith has been corrected to 35,700,000. In all other respects, the announcement is unchanged.

Thanks skinny, I noticed you posted that on another bulletin board which has two COMS threads - one thread is like a zoo and the other, with David Breith's name in the header, is moderated and is reasonably civilised. Just in case you weren't aware!

Noted!

just another share being ramped big time!

I sometimes wonder why you bother halifax, are you just a natural Victor Meldrew?:-)

doo doo no we remember swindells (cant spell)!

LOL - swindles perhaps? I think swindells is a pub in Glasgow!

COMS PLC STRENGTHENS ITS BOARD WITH NEW APPOINTMENTS

DB clearly knows who he wants on his team and is formulating it skilfully. The old guard are slowly but surely moving on Drummond, Bennett and now Branson.

Foster is a top notch appointment, his experience and contacts will be instrumental in helping to gain many new contracts.

Wheeldon already owns almost 2.8m Coms shares and his company ADSL 24 hold almost 42m Coms shares so it is good to have him on board as well.

The Warrants price of 5p is very significant. See the RNS on 22nd April when the Coms SP was 0.75p. On that occasion Simple Investments were issued 3m warrants at 2p. 4 days later the SP was over 2p. Food for thought.......

By the way who is this halifax dude, he is clearly clueless about Coms.

Good to see positive newsflow coming out on a regular basis.

Contract Win Update

Coms is pleased to provide an update on the major contract announced on 26 April 2013. At the time, the Company was unable to identify its client but is now pleased to announce that this major contract was awarded by MITIE Property Services Limited ("MITIE").

Looking good!
News coming thick and fast now. Should see some good press coverage over the weekend ...onwards and upwards!

9.15am TODAY - COMS Media Presentation is our via BRR - I don't know if it is viewable on the site but you can view it on the Media icon on LSE. http://www.lse.co.uk/share-media.asp?shareprice=COMS&share=coms

Just over a month ago I emailed DB to ask he could communicate with us in this way and he has obliged. This is a must watch and will shape the way in which COMS speaks to us in the future.

Key points from DB's Media Presentation.

DB will ensure that last years poor results (under the old regime) never happen again.

Prior to DB's arrival the company lacked any real strategy of how to sell their product or or who to sell it to. They now have a direct sales strategy.

There is no need for any further cash as last month's placing has put COMS in a very good financial position.

The company is very acquisitive with 5 recent acquisitions, if they do raise any further money in the future it will only be for acquisitions.

Key message - There is a new boy in town, I'm very very different. It's changing around, I've demonstrated that and there is more to come.

Listen to David Breith, CEO, Coms plc - Final Results and Company Update

CLICK HERE