Coms Share Discussion Threads

[gizmo333uk] 15/2/2016 07:50

Good trading update and healthy amount of cash :)

[munkychunky] 15/2/2016 07:17

Great RNS Trading Update this morning.

Coms plc (AIM:COMS) the leading provider of Infrastructure and Smart Building solutions is pleased to announce that Group EBITDA (after central costs) from continuing operations for the financial year ended January 2016 is positive and will be ahead of management expectations. This has primarily been driven by continued robust trading within the core operating division, Redstone, where both revenue and operating profit have been significantly ahead of the prior year.

As reported on 27 January 2016, the Group has resolved the vast majority of legacy issues that were inherited by the Board and has focused its efforts on developing the Group's core Redstone business, which has market-leading product offerings in Infrastructure and Smart Buildings. Since the disposal of the Telecoms business, Redstone has benefited significantly from the Board's focus and the Group's increased financial stability. The Group enters the new financial year with a new and experienced executive management team in place and with a sales pipeline at its highest for 6 months.

The Company finished the year with a net cash balance of c.£1.0 million, which has been achieved through stronger than expected cash generation within Redstone.

Appointment of joint broker

The Company also announces the appointment of Whitman Howard Limited as joint broker, effective immediately.

Mark Braund, CEO of Coms plc, commented:

"I am delighted to report in my first trading update as CEO that the operating business of the Group is in good health following a difficult time earlier last year. Since the disposal of the heavily loss-making Telecoms business in May 2015, we have successfully strengthened the balance sheet and reduced overheads. We have also continued to develop our core Redstone business, through the investment of further capability in Smart Building technology, including in-building wireless, cellular and work space management solutions, all of which is beginning to bear fruit.

On behalf of the Board, I wish to thank all of our colleagues for their commitment and dedication in helping achieve this significant turnaround. I would also like to express thanks to the Chairman, Frank Beechinor, and the non-executive directors for their exceptional contribution, stepping in to run the Company in difficult circumstances in March 2015.

We now look forward to the coming financial year from a position of strength and with a view to restoring significant shareholder value through a combination of organic growth and strategic acquisitions."

[gizmo333uk] 13/2/2016 09:40

Jasonoranged - it would be useful if you actually copied and pasted the relevant information from the lse forum on here. Constant ramping without any facts doesn't do you any favours!!!

[lloyd j] 13/2/2016 00:00

Jasonoranged 1 Feb'16 - 10:48 - 5156 of 5167 0 0

Looks like she is off to 2 p again, half year end finished on Friday, results this month.

[lloyd j] 12/2/2016 23:56

same muppet ramping stock everyday with no facts!!!

[jasonoranged] 12/2/2016 12:39

18 million bought in last hour.

Huge position just taken.

[jackbal] 12/2/2016 09:02

I bought a few the other day at 1.37 based on director puchases and chart. Didnt do much research to be honest.

Jasonoranged- what sort of results/news are you expecting? thanks for any additional info.

[jasonoranged] 12/2/2016 08:49

Looking at news from next week now, pull back has offered great opportunity to get in cheap, next couple of months will see it pushing at 3p imo.

BUY.

[jasonoranged] 05/2/2016 10:33

Speculation that technically this is about to run to 2.5 p in next couple of weeks, see l s e for info.

Update due shortly rerate will be sugnificant imo.

[zipstuck] 04/2/2016 08:26

Redstone is definitely the jewel

[jasonoranged] 03/2/2016 17:20

Big buy at the end, big contract wins..

[philjeans] 02/2/2016 09:24

Yes - upward trend re-established now after brief correction.

All good with shaky specs out and longer term holders in.

Excellent prospects here for the patient.

[jasonoranged] 02/2/2016 08:11

Inching up again, expect rebranding announcement and trading update this month, progress on the European venture as well.

Back over 2p very soon imo.

[jasonoranged] 01/2/2016 13:15

Wow!! look at this Dynamic Infrastucture Forum, look who Redstone are buddies with...
Cisco, Phillips etc.

V V exciting times.

[jasonoranged] 01/2/2016 10:48

Looks like she is off to 2 p again, half year end finished on Friday, results this month.

[jasonoranged] 29/1/2016 17:59

Great news, snap back to 2p well on.

Clearly fantastic news is in the pipeline.

[philjeans] 29/1/2016 17:34

Excellent news - share price should go well next week.

Directors consistently buying and they should know!

Chart still intact and primed to exceed 2p next time.

Bargain.

[jasonoranged] 29/1/2016 17:32

Director dealing after the year end and before to the closed period 2 months prior to the publication of EOY figures is generally a very good indication of the BoD's view of the status of the company. Though relatively modest I'm greatly encouraged by these DDs today.

[tromso1] 29/1/2016 16:21

2 more director buys:

[au24] 28/1/2016 13:13

Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED


Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED


Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED



Jasonoranged
28 Jan'16 - 12:59 - 9730 of 9732 0 0


COMS about to take off!!!

SPAM RETURED AS 'NOT' WANTED

[plasybryn] 27/1/2016 10:08

`Yes and that is a big step forward, allowing Mgmt to concentrate on building the new business & creating shareholder value.

[jasonoranged] 27/1/2016 08:07

No, they are saying they have resolved all their legacy issues.

[curriedquaker] 27/1/2016 08:05

Not the kind of news I wanted. Are they painting a picture of a not to good 2015 result when they gives us a trading update next month. I'm disappointed.

[makday] 27/1/2016 07:57

Jason...I reckon the market will pull this one down today!

[jasonoranged] 27/1/2016 07:31

Excellent news, line drawn, expecting newsflow to increase now, branding and strategy, results, contracts.

What a price to get in still before it takes off!