Batm Advanced Communicat... Share Discussion Threads

[car1pet] 13/6/2022 08:36

Kooba you make a good point which could explain why there is no buyback. It begs the question of the board. They should have known / been advised and not instigated a buyback.if so another reason to change the CEO and management team.i filtered echo a few months ago so don't see his messages.

[kooba] 13/6/2022 07:29

How many times exactly??
It’s Passover i tell you Passover.

The question on the accumulated losses was aimed higher for grown up comment as specified ..it was therefore in no way directed at you.

Chin chin.

[echoridge] 13/6/2022 07:21

sigh. Again: A tender would be an elegant improvement on the buyback. It's not speculative or pie in the sky and I have explained why twice now, which is one more time than I intended. You then have changed the subject to something I wasn't ever discussing. I'm on record a million times why I think the buyback is being delayed which, as it happens, you have agreed with as well. A million times. The notion it may be for a different reason as you have brought up here is unlikely as I think it would have required a clear RNS by now so my working assumption long ago was that they had 'solved' that particular issue which I was aware of.

[kooba] 13/6/2022 07:11

Get a mirror fella.Anything I suggest you dismiss our of hand with no comprehensible thinking if it doesn't suit your book , ie buyout /privatisation , the tender idea is pie in the sky and you still have no idea why the buy back is suspended in the first place ..yes I'm going back there..as it started and has been stopped.What happened at one company cannot be superimposed on another there are so many variables so your "intimate" knowledge of one company might not be reasonable. My "intimate" knowledge of companies that get shareholder approval for a share buyback ..is they get on with it!Your schoolboy boy takes as usual, trying to dismiss anything you don't comprehend or want to, once again i say BATM has left an information void around the buy back and why it is not being implemented..perhaps an explanation is in order.

[echoridge] 13/6/2022 06:44

Thats because we're short a grown-up kooba, and the problem is you always think its the other guy. I never wrote it was going to happen. I simply shared an idea that is plausible for the Company to consider, and has at least one interesting precedent in the market that I am intimately familiar with. Your first response was immediately hostile, needlessly so, and completely wrong, all in the form of what you think were 'fully justifiable questions'. Why are you like this? I don't know exactly but I think it has something to do with the fact that you are immediately suspicious of anything you are not familiar with but then almost comically self-unaware when arguing about it. But that's all I'm doing on this this time though, as I said. My idea was shared simply because I believe it would be an elegant alternative to a buyback, have a more immediate impact, and target the shareholders that the Company is looking to target. It's made plausible because the controlling shareholder would likely agree and therefore help make it happen by committing not to participate, just as Toscafund had done in the precedent I sited earlier. It's not speculative, or ramping or 'systemically wrong' or any other nonsense your ego spits out. It's just a good idea that's probably not going to happen because good stuff like this rarely does. That's it.

[kooba] 13/6/2022 06:37

Or it could just be the Passover? Still.

[kooba] 13/6/2022 06:36

I wonder whether one should be looking at this Batm release to understand the buy back issue?"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.."General meeting docNow Batm has accumulated losses of $280m ( 2021 report and account as) and of this "The Company and its Israeli subsidiaries have tax loss carry-forwards of $131.9 million for which the Group did not create deferred tax assets. According to the Israeli tax law there is no expiry date to use such losses."Now I'm no accountant but would this not hamper a distribution through buy back if there was not sufficient distributable profits ..since they sit on huge accumulated losses.Grown up comments only please..may of course be a red herring but working with facts from Batm releases.Distributable profits definition on UK basis.Subject to additional requirements for public companies and investment companies, profits available for distribution are a company's accumulated, realised profits (so far as not previously used by distribution or capitalisation) less its accumulated, realised losses (so far as not previously written off in a reduction or reorganisation of capital) (section 830(2), Companies Act 2006). If they have gone to shareholders for a buy back that is not possible i would be rather surprised but it is no implausible.

[kooba] 13/6/2022 06:20

Typical echo chamber comment as usual.So you put up a highly speculative theory..i fully justifiably question it as it makes no sense...and your reasoned response?"I'll explain why your out-of-hand dismissal is misguided, but that's it."Good to have a grown up conversation. You really need to get over yourself you are systemically wrong with your calls yet you dismiss any questioning of your still wild takes as misguided. Couldn't make it up...but you continue to.

[kooba] 12/6/2022 21:19

Why do you think that? a buyback of shares whether by market purchase or tender would still be impacted by either difficulties with Israeli securities regulations on buybacks or because the stock is restricted for another reasons ..its just another mechanism that is unlikely to fly especially as they have already failed to deliver shareholder approved strategy..which must have been agreed and considered by leading shareholders as the best way of fulfilling long term strategy on shareholder returns before it was recommended to and approved by shareholders.

[fse] 12/6/2022 20:59

Maybe but that’s not happening due to restrictions so echo suggestion would break the impasse.

[kooba] 12/6/2022 18:22

I'm not sure the inside and leading shareholder would entertain this ..you want them to opt out of being involved in a cash distribution allowing others a premium exit . Why on earth would they? A share buyback at market is much more in the interests of all remaining shareholders, so acting in the long term interests of the company they should buy at as low a price as possible.If they ever get the buy back going though it's quite possible the shares will jump on the anticipated support.

[fse] 12/6/2022 16:43

Interesting.

[oakville] 10/6/2022 13:56

Might be today at this rate !

[mcmather] 10/6/2022 12:23

If it goes to mid-30s, pray that the management don't announce another “broader strategy to deliver shareholder value” !!!

[oakville] 10/6/2022 07:42

Talk about a cracking stock share price dwindling away to nothing !! I am in at an average of 47p and was feeling smug, now I feel a mug. I suppose IF they fall to the mid 30s I will have to buy more.

[kemche] 09/6/2022 17:49

Does anyone know whether Passover has ended? Asking for a friend.

[echoridge] 09/6/2022 16:56

admittedly another miserable day all-in-all, but for the 'crack of light crowd', today was the first time in quite a while that the closing auction was not dominated by a decent-sized sell order that pushed the uncrossing closing price to the low of the day. In fact, today there actually seemed to be net buying (shock) in the uncross which resulted in a closing price actually above the offer side going into the auction. Awkward way to say we didn't close on the lows for a change.....

[car1pet] 09/6/2022 15:33

Odier is the largest shareholder so they must know what is going on. My memory is that they have bought over the last few years so will have paid well above the current price and unless they need a loss for tax purposes would be looking to sell at around 80/90p. Maybe Marom wants to buy out and go private. Perfect solution for him to pay £1 per share!! I can dream

[paulisi] 09/6/2022 15:15

My thoughts are that some one is looking at the company is terms of buying some or all of it. The biggest candidate may be Flex, who are involved with the design and manufacture of the Telco products and have a medical business they are looking to grow.

[kooba] 08/6/2022 16:56

I simply can't decide whether to have a bit of a go here..it is rather strange for the company to be so quiet with apparently so many irons in the fire. One has to think something is afoot and is making the shares restricted , hence buy back on hold . I can probably think of more positive reasons than negative for radio silence but the performance is not giving confidence. No scheduled news for a while which might have cleared the air but for now a mystery.Better days on some other holdings.