Batm Advanced Communicat... Share Discussion Threads

[bigwinloser] 03/2/2022 11:40

Will NOT trading on the FTSE All-Share put off the big boys/institutions? - Honest question, I'm not trying to be negative.

[nellyb] 03/2/2022 11:28

Clarification on FTSE Nationality Review

Further to the Group's announcement earlier today, BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, confirms and clarifies that the Group will continue to be traded on both the London Stock Exchange and the Tel Aviv Stock Exchange ("TASE"). BATM's shares will continue to be listed on the Premium segment of the Main Market of the London Stock Exchange plc, notwithstanding this Index re-classification.

Due to the Group's domicile in Israel, its dual listing on TASE and the volume of trading on that exchange, under the FTSE Russell Index rules, BATM, from the 21 March 2022, will, in all likelihood, no longer be eligible for inclusion in the FTSE UK Index Series (such as the FTSE All-share), but this does not affect the trading of the stock on either the London Stock Exchange or TASE, including all the indexes in TASE. Investors will continue to be able to trade BATM's shares as previously.

[nellyb] 03/2/2022 11:27

2nd rns - hope that clarifies to all.

[nellyb] 03/2/2022 11:27

hope you do well on what you buy next.

[bigwinloser] 03/2/2022 11:02

A few hundred, wanted to de-risk, I wish holders all the best...

[steeplejack] 03/2/2022 10:36

I never said it would be delisted but when the nationality has been reassigned,it could be regarded as a ‘foreign’; share and i’m sure it will be by brokers like Barclays.




“FTSE Russell on Wednesday 2 February 2022, the Group's nationality has been reassigned from the UK to Israel. The Group also announces its intention to launch a share buyback programme…R21;

[hew] 03/2/2022 10:33

If I read today's RNS correctly, a door may have been closed, but it has not yet been locked:

"AS STATED in the announcement of 17 January 2022, BATM remains committed to maintaining its membership of the FTSE UK Index Series (the "Index") and REMAINS IN DIALOGUE with FTSE Russell to investigate possibilities of an extension." [My emphasis.]

I read that paragraph as giving a current position, not merely a reminding of the historic one of 17th Jan.

Possibly a rethink then?

[gbenson1] 03/2/2022 10:24

10% is 44,300,000 at recent disclosure.

[madun2000] 03/2/2022 10:19

Steeplejack - it’s not a foreign share btw. From a trading viewpoint it remains listed on the London Stock Exchange. All that is happening is that it’s being taken out of an index. It’s not being delisted! This is why this sell down is an overreaction. The stock is extremely illiquid and will get whipsawed by sentiment.

[sandy789] 03/2/2022 10:19

Do I take it that the 10pc committment to buy back shares equate to 34 million+ shares at a cost of approx £18mio. They have a long way to go to.achieve that?

[sandy789] 03/2/2022 10:17

That divi is looking more attractive with the share price down here

[nellyb] 03/2/2022 10:12

bigwinlose, hope you didn't lose too much money on your trade!

[steeplejack] 03/2/2022 10:10

As mentioned in the RNS,other companies have fallen foul of this domicile rule.It can inhibit investment and lead to logistical difficulties in dealing ie some brokers don't facilitate dealing in foreign shares.However,at the end of the day,an initial 15% drop in the shares seems an overreaction and in due course,BVC will benefit via its buy back programme.

[nellyb] 03/2/2022 10:09

paleje, wow, missed that one!

[paleje] 03/2/2022 10:08

Nellyb, yes but ST more recent sum of parts Aug 2021 was 170p.

[cumnor] 03/2/2022 09:58

Thanks Nellyb.

[cumnor] 03/2/2022 09:57

Thanks Steeplejack.

what was a bit of a disappointment was the amount of the divi so hopefully BATM will now now see this as a priority if they want support for the share price from now on.And they certainly seem to have the cash, esp if they can afford the rather extensive share buy back.

[bigwinloser] 03/2/2022 09:57

Topped up on Tuesday, sold out completely at open this morning on today's news!

Seen this before and I fear BVC will keep dripping down until confirmation is made, you could easily see 30 something here....

[nellyb] 03/2/2022 09:54

cumnor, thats the way i read it, as my isa is definately not linked to a fund that invests in that particular ftse indice.
simon thompson's sum of the parts valuation of bvc in march 2020 was 60p a share!

[steeplejack] 03/2/2022 09:50

According to HMRC, you can hold foreign shares in an ISA as long as the shares are in a company listed on "a recognised stock exchange anywhere in the world".

[nellyb] 03/2/2022 09:38

i reckon someone just got a bargain buying 50k at 52pence. anyone know what the nav of this company is?

[cumnor] 03/2/2022 09:36

Nothing has changed business wise as far as I can see-indeed this morning's statement is a strong reaffirmation of the underlying business being strong-and getting stronger if it is prepared to initiate such a large buyback.
Nellyb-is that correct (you sound like you know) what you said to sandy that individual shares within an ISA or Sipp would not have to be sold even if BATM is delisted from the indices????

[nellyb] 03/2/2022 09:20

the market makers are really enjoying themselves now!

[bonio10000] 03/2/2022 09:18

Forced selling with no change in the underlying business is juts a buying opportunity.

[hew] 03/2/2022 09:16

"We are puzzled by this decision as we have been in regular dialogue with them and had certain indications that it would be granted"

Coming in a RNS, that seems a pretty strong statement to me. Whatever has happened, misleading, misunderstanding, misinterpretation - or worse - it is presented as a surprise. Guessing that there are likely to be close government links in some areas at important levels, surely the matter could still be referred higher?