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

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!

Trading Update and Changes to the Board

Ahead of the Annual General Meeting to be held at 10.00 a.m. today, the Board of Coms plc (AIM: COMS) is pleased to provide an update on trading and to outline a number of initiatives that are being implemented.

To date, trading across all of the Group's business has been encouraging and, as stated in the announcement of the results for the year ended 31 January 2014, the Board remains confident that the Company is on track to meet market expectations for the current financial year.

The various divisions of the business, Wholesale Telecoms, Retail Telecoms, Media, Mobile and Infrastructure and ICT Management are performing well with pleasing results and opportunities for organic growth.

Following Coms' various recent acquisitions, the process of restructuring the Group in order to ensure that duplicated costs and services are, wherever possible, removed is ongoing and there is continued focus on further savings being made through operational efficiencies. As previously highlighted, this will impact the outcome of the first half of the current financial year, such that whilst there has been further significant increases in revenue compared to the second half and final quarter of last year the Board expects that the Company will report a loss before tax for the six months to 31 July 2014, when including one-off reorganisation costs. The Board is confident that the majority of these one off re-organisation costs will be limited to the first half and that, as such, the second half of the year will see a significant improvement in profitability.

In light of the technical difficulties surrounding the release of the annual results for the year ended January 2014 the Board intends to undertake a review of the Company's audit function.

Turning to the Board, Sue Alexander has decided to step down from her role as the Company's Finance Director with immediate effect but will remain with the Company. A search has commenced for an experienced public company CFO who can strengthen the finance team and further support Dave Breith, both in the development of the Group and in his interaction with shareholders and investor audiences. Further announcements will be made as appropriate.

Iain Ross has, with immediate effect, resigned his post as Chairman of the Group for personal reasons.

The Board is pleased to announce that Frank Beechinor has today joined the Coms' board as a Non-Executive Director and Chairman. Frank brings significant corporate experience, particularly of IT and Software services and is currently Non-Executive Chairman of dotDigital Group plc and CEO of Cadence Performance Limited. Frank was previously founder and CEO of OneClick HR plc from 1997 to 2011.

Finally, Barry French, who recently joined Coms as General Counsel will take on the responsibilities of Company Secretary.

Frank Beechinor, Chairman commented: "Coms is a fast growing organisation. The financial results for the year ending January 2014 were outstanding and current trading remains in line with expectations. In order for Dave Breith, CEO, and his team to continue to build this Company the Board wants to ensure that Coms has the appropriate systems and resources in place to support that growth and hence after a thorough review the Board has taken the steps it believes are necessary to achieve that goal."

As part of Frank Beechinor's remuneration he has been awarded 4 million warrants to subscribe for new ordinary shares. The first 1 million warrants have been awarded on appointment as Chairman and have an exercise price of 6 pence and the remaining 3 million warrants have an exercise price of 7 pence, with 1 million vesting after 6 months and the remaining 2 million after 12 months. The warrants will be capable of exercise until 9th July 2019.

Dave Breith, CEO stated: "The Company is performing well and, whilst the integration of the various businesses acquired has also gone well, it will take time to see the full benefit of the cost synergies we have identified. We have a strong pipeline of potential contracts, of varying sizes and terms, and I remain extremely confident in the Company's ability to deliver against market expectations.

"I wish to welcome Frank as Chairman and look forward to working with him over the coming years.

"I would also like to thank Iain Ross and Sue Alexander for the time they have given to Coms during our transformation. Iain has been a real asset to the business and to myself and I wish him every success for the future. Thanks also to Sue for her significant contribution and hard work over the last year and I am pleased that she has agreed to stay with the Company."