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

Publication of Audited Annual Accounts
RNS
RNS Number : 2946J
Coms PLC
10 June 2014



10 June 2014



Coms plc

("Coms", the "Company" or the "Group")



Publication of Audited Annual Accounts for the year ended 31 January 2014



Coms plc (AIM:COMS) a leading provider of telecommunications and infrastructure is pleased to announce that its audited annual accounts for year ended 31 January 2014 are now available on the Company's website at www.coms.com.



Financial Highlights



· Revenues increased by 863% to £14,002,866 (2013: £1,621,960)

· Gross profit increased by 511% to £4,755,050 (2013: £926,576)

· EBITDA increased by 187% to £1,495,958 (2013: minus £797,421 loss)

· PBT increased by 132% to £1,241,455 (2013: minus £936,415 loss)

Copies of the annual accounts will be posted to shareholders on 17 June 2014, together with a Notice of Annual General Meeting to be held at 10 a.m. on 11 July 2014 at Coms plc, Beacon House, Stokenchurch Business Park, Stokenchurch, Buckinghamshire. HP14 3FE

Looks like good results but still the share price drops. WHY????

Lost its mojo for the time being parrisf. Perhaps too much hype from David Brieth.

parrisf

ref - share price drops

post 973 tells you why .... overvalued

TEMPORARY SUSPENSION OF TRADING ON AIM

At the request of the company (COMS) trading on AIM for the under-mentioned securities has been temporarily suspended from 12/06/2014 2:30pm, pending an announcement.
ORDINARY SHARES OF 0.1P EACH, FULLY PAID (B3CDXQ4) (GB00B3CDXQ41)

Cancellation of the MITIE contract maybe? David Breith, in a podcast, did mention that the company had done well over the last 12 months (which it has of course) even without the MITIE contract. I'm not sure if anything was meant to be read into that or not.

VMP closed down 16.2% on the read across - :-(

Why is Geoff Foster not publishing one of his so-called 'rumours' in the Daily Mail when we need one?!

Odd that this RNS was issued this morning so maybe not all bad news.

New Investor Website

This could prove to be ironic!

RNS announcements

Correction to Audited Annual Accounts for the year ended 31 January 2014 and restoration of trading on AIM

Following consultation with its auditors, Coms plc (AIM:COMS) a leading provider of telecommunications and infrastructure has made a correction to the RNS dated 10 June 2014 in the financial highlights section of the accounts for the year ended 31 January 2014. The corrected report and accounts are now available on the Company's website at www.coms.com

There are two corrections to the document in the financial section which are:-

· EBITDA changed to £827,348 and references to this number on pages 3, 5 and 13
· EPS - basic 0.24p and EPS - diluted 0.22p and references to these numbers on pages 3 and 28.

All other figures remain unchanged including profit before tax of £1,241,455.

Oops!

Oh dear more trouble.

Getting more and more wary of any AIM shares .

Dave Breith (CEO) states, "I apologise for this unforseen error"

I wonder who discovered this "unforseen error" ?

Someone who saw it?! :o)

hic!

Well it can't have been the bloody auditors!

From 3 days ago - Publication of Audited Annual Accounts for the year ended 31 January 2014

Perhaps it would have been better PR if Breith had said something like ---- I apologise for this unforseen error and can assure shareholders that I have taken the necessary steps to make sure this never happens again ---- instead of the usual c--p.

Chief executive Dave Breith said: "I apologise for this unforseen error and would like to state that the EBITDA number still represents a significant increase from the company's announcement on 14 May 2014. It also represents a huge turnaround of the business from when I took over as CEO on 9 January 2013.

"The company continues to trade strongly and the Board is encouraged by the order in-flow in the current year."

Helium Special Situations Fund > 10%

Quiet here!