Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Ahead of its AGM today, telecommunications and related infrastructure provider Coms plc (COMS) has updated that, as a result of an ongoing process of restructuring following various recent acquisitions, a pre-tax loss is expected for the six months to 31st July 2014, but that underlying “trading across all of the group's business has been encouraging” and that it remains “confident that… the second half of the year will see a significant improvement in profitability”. With also a number of boardroom changes announced, the following takes a look at the implications of today's news.
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