Batm Advanced Communicat... Share Discussion Threads

[landskermichael] 11/5/2022 21:56

My average price in these is 43p
What's yours kooba ?

[kooba] 11/5/2022 21:45

Can't believe some people don't understand order driven markets and have to find some manipulation plot every time they don't understand why someone is selling something they hold. Funny as it is sometimes private investors might look at and trade in a different way to others..they might employ stop losses ..they might just sell because they can't take the pain and cut out. Not everything is market makers ,bloggers, shorters ,manipulators and conspiracies..it is just buyers and sellers and psychology. Blaming everything else on poor performance rather than poor timing or a poor investment is part of that psychology.

[landskermichael] 11/5/2022 20:48

Can't believe some people are so naive they think share prices in small companies go up or down purely on buying and selling ,

[fse] 11/5/2022 20:42

kooba I am not disagreeing with what you or echo are pointing out.
Most of the slide as I think we all agree is down to the obvious and general market conditions.

I have quite a bit of experience in start ups and seed capital funding plus I own shares in private companies and some traded on less liquid exchanges.
For an investor to get their money out of an investment in ADOR, the company would have to be floated or share holdings traded internally.
Its quite conceivable that a seed investor in ADOR would also buy shares in BATM which at this juncture is a cheaper way in as BATM share price is trashed and you get the representative holding in ADOR cheaper than actually being part of a round of capital investment. Its not at all uncommon for this dilemma to present itself.
I have bought shares in companies before just because they had control of a piece of IP which I considered valuable.

It's accurate that longer term the market has a tendency to straighten itself out and supply and demand controls all ultimately.
I simply think there is something else at play here as it certainly looks to me that a large holder is getting worked into the equation at quite a discount and it appears to have something to do with the ADOR investment.

[kooba] 11/5/2022 18:18

Difficult to disagree there..the sector especially small emerging market tech companies is in disarray for now and market valuations may not be that efficient..however good old supply and demand even in relatively illiquid markets rules..so short term until there is news ( or buyback!) the shares are at the mercy of finding price equilibrium where there are willing buyers and sellers..no walking down , no manipulation just the price looking for where buyers are basically.Markets like these can be inefficient in the short term but it will be down to the company to show that the market is wrong and demonstrate progress across divisions or come up with corporate restructuring to again demonstrate the sum of the parts is being undervalued by the market.

[kooba] 11/5/2022 18:12

"How are ADOR backers compensated unless through shares in BATM. Thats what I am asking."I don't get the question here..Ador is a separate company with its own shareholders..BATM being one of them. The compensation will be on a valuation event ie fundraise at higher valuation or monetisation of Ador itself..trade sale float etc.the only way the backers would get compensated by BATM (or its shares specifically) is if BATM bought out the other holders..which doesn't appear on the cards as far as i can tell.

[car1pet] 11/5/2022 17:47

Its not complicated as some posters are trying to say. The stock market is a simple place. Supply and demand drives the market. There is no demand to buy BATM so market makers try to stimulate demand by pricing accordingly. The problem with the share is there no positive newsflow from the company so there is no interest in buying. We need lots of positive announcements about new profitable deals. Investors need to see that its worth spending their money here rather than elsewhere and right now there is no convincing argument to buy so the price is where it is. All IMO DYOR

[kooba] 11/5/2022 16:57

Apologies Batm do mention Ador at MI ..With a photo but nothing new out i can see,https://twitter.com/batmltd/status/1521452020384866304?s=21&t=sGGPdmRfj1JHtlYThQzG4A

[kooba] 11/5/2022 16:46

Batm just tweeted this for interesthttps://edgilityos.com/the-solution/Yesterday https://twitter.com/batmltd/status/1523981242982612992?s=21&t=sGGPdmRfj1JHtlYThQzG4ALink to corporate strategy.bit random?

[kooba] 11/5/2022 16:33

Normally buybacks are reported the following business day..i do not think there is any possibility to build up and announce at a later date. What were you expecting from the Milken conference exactly... it could be a venue where news is released ..but nothing even mentioned on their twitter account that i can see saying they were presenting.

[echoridge] 11/5/2022 16:29

Honestly fse, I think you're down a bit of a conspiracy rabbit hole. There is nothing especially unusual here, let alone sinister, going on here. Just another victim of the decline of smaller cap trading in the UK. As I explained, there is some annoying pressure on the share price into the close at times, along with other occasional irritations, but again, nothing particularly noteworthy, certainly not along the lines of what you're suggesting.

[fse] 11/5/2022 16:15

Appreciate those who have taken the time to try to figure out what is going on here.
Lots of granted potential reasons and outcomes but no Mars bar.
It would appear to me that something is going on behind the scenes which may very well impede buy back schedules.
Does the company have to advise the market "every" time it buys back shares ?

It seems to me that someone is building up a holding at a somewhat manipulated price. Not saying illegal but lets say you are a backer in the case of Ador how are you going to get compensated other than share grants/options etc. Or plain holding shares in BATM you cant buy ADOR ....
and what happened to the newsflow on the Milkens conference. Maybe we will get some feedback but the silence is confusing.

Also the trading volumes are highly irregular.

Added: share price appeared to start taking a hit just prior to the increased investment in ADOR and when it was formerly announced the share price was already sliding but oddly has never really recovered.
In that period we had an impressive set of results and solid forward statements.
This should have stabilised the price but it did not.
Buy back is announced yet it seems like someone is out there dictating "not yet"

[echoridge] 11/5/2022 15:43

yeah maybe, but I don't think so. Let's see

[kooba] 11/5/2022 15:38

So broadly we agree the possibilities and the most likely reasons.okay..will probably see they've bought some in today just to prove us wrong !

[echoridge] 11/5/2022 15:23

I said 'warmer' bc I reckon the most likely reason is a kind deductive process using most of your 4 possibilities as inputs: 1. First off, the holiday period was almost certainly a factor. Tel Aviv was a ghost town for a couple weeks around Passover and of course London chipped in with additional bank holidays as well. That's just an objective fact. However, I concede that it is a (very) minor factor, except of course that that period preceded the Milken conference, so the 2 combined likely drained the relevant execs of the spare time to really focus on the buyback. 2. Even if that were true however, it is even truer (its a word, apparently) that notwithstanding holidays/Ador launches, the buyback was approved, well, months ago now, and there really is no excuse for not having sufficient time overall to get this underway. That's where 3. I think the peculiarities of buying back shares in the Israeli market probably kicked in. The section you reprinted doesn't tell the entire story, but is enough of a guide that it makes it credible, as I've written a number of times already, that the Company has struggled to find a way to progress the buyback along 'traditional' UK/US lines (ie, 25% of daily volume, blah, blah, blah) in both markets without breaking any Israeli rules....So far, so boring....Still, if you add up all those 'issues', I completely agree that they don't justify a delay of this length. That's why - since I also agree that if there were a negative business reason for the delay, the Company absolutely would have had to announce that already - that I conclude that 4. the best available conclusion for the buyback delay currently is that the management have decided that they are indeed inside on a transaction of sufficient significance to warrant delaying the official daily buyback. Q.E.D.?

[oakville] 11/5/2022 12:39

All those that hoovered up the shares sub 40p..WELL DONE ...

[kooba] 11/5/2022 10:05

Well there was 4 possibilities there..so which one is warmer according to you?? If you know just say .

[echoridge] 11/5/2022 10:01

you're getting warmer

[kooba] 11/5/2022 09:59

"According to Israeli law, a buy-back of shares is considered a distribution and therefore is subject to certain conditions, including that the distribution is made out of distributable profits, and that there is no reasonable concern that the distribution will deny the Company of the ability to uphold its current and foreseeable obligation when they are due. In addition, the actual performance of the buy-back may be subject to additional rules and regulation, such as insider information rules. Additionally, the buy-back will be subject to the management discretion and judgement at the time of the actual purchase of shares, taking into account and considering all the relevant aspects, including share price, Company cash reserves, possible alternatives for use of funds, general market status, Company general business status and any other relevant data and considerations."Letter accompanying General meeting notice. 23/02/22

[kooba] 11/5/2022 09:46

Well i spotted 3 prints in 25k at 41p and actually wondered whether they were taking loose stock out the market and are operating..however that could just be a bit of retail bargain hunting.
Well i don’t think its anything to do with holidays…it could be to do with Israeli rules on buyback that are more complicated in terms of approval than UK rules..in terms of reserves and capital spending ..these were outline in the GM doc.so may need to dot eyes and cross tees , again you would have throught they would have cleared this before calling GM.
So that would leave a couple of other possibilities..it is at the company's discretion to make or not make market purchases..so maybe they just don’t want to or are keeping the powder dry as markets under pressure..that would be odd having said purchases would enhance value and going to the trouble of getting authority and deciding not to use it.
That leaves ..the company has become restricted, ie there is price sensitive information the management is aware of that is not in the public domain..now this can be a whole host of things from positives..m&a , contract wins jvs or could be negatives on trading ..but to be honest any negative would have to be conveyed to the market “without delay”.
So take your pick either way they have not necessarily conveyed to the market why the buyback ..which although part of long term strategy apparently and seemed particularly timed to offset tracker fund sales has not been utilised apart from a small one off.
Over to you.

[echoridge] 11/5/2022 09:33

First off, well done not using the 's' word since our agreement. However, there's no denying that the Company has been notably absent from the market since the 200k share block trade, nonetheless. So here's my proposal: you offer your favourite theory as to why, positive or negative, and so will I, and we'll debate it (that is, if we disagree).

[kooba] 11/5/2022 09:09

Yep..what's up?

[echoridge] 11/5/2022 09:08

kooba - u out there? come in, kooba

[pockstones] 10/5/2022 22:14

Wonder if Shifty is still short hats off to his research here