Batm Advanced Communicat... Share Discussion Threads

[fse] 15/6/2022 17:14

Totally agree with that sentiment.
The more pressure they are under to release something the better IMO
FWIW I cant emphatically say what Shore part in all of this is and has been, but they are the company brokers and advisors.
They fluffed the Russell Index fiasco that much is for sure.
I also agree that the most likely outcome is that the company and their brokers are under restrictions with an impending deal which has gone from imminent to protracted.
You have to ask yourself why investors would not accumulate a well funded high growth company on a PER of 13 unless they are waiting for clarification from the company as to whats going on.
Other than some inexplicable trading patterns which I believe Kooba was highlighting when we get a day like today 70,000 shares traded in /out.
The markets and investors have pressed the PAUSE button......

[echoridge] 15/6/2022 16:23

First, and most importantly, as I've already suggested, the best thing any legit shareholder on this board can do is perform their own version of what fse has done. For me, I would focus on the point several of you have already made; namely, that for one reason or another, the Company has a duty to explain/clarify why the buyback has not begun, however, any reasonable argument would suffice at this point. The goal is to keep the pressure on. Second, not that I want to be associated in any way with defending Shore Cap,but in your scenario, fse, where a significant, positive deal is dragging on and preventing the buyback from commencing, it is likely that Shore Cap would be advising and therefore would be just as inside and unable to engage as the Company.

[fse] 15/6/2022 15:18

I have to agree that there was a wide expectation that the proposed share buy back would settle the markets and re affirm that all was OK with the company whilst looking out for shareholders interests and improving realised value. Thats clearly not happened.
I have sent e mails to Shore and BATM requesting some comment as to their intentions.... I have not recd even a thank you for your query or any acknowledgement of any kind.

On other fronts I have received no indication that the company is in trouble or about to announce some bad news. It's just gone completely quiet.

Its quite possible or even likely that the company are sitting on news that would materially effect the share price and thats preventing the buy back but enough is enough this slide has been going on unabated for months.

What we do know is that Shore Capital gave the company completely duff advice and have a hostile attitude to shareholders and thats a piece of the puzzle that deeply concerns me.
Its not OK to be on the LSE and not in the index so they either need to cancel their TASE listing or move to NASDAQ. Its not rocket science and that puts them in direct conflict of interest with Shore,
I can just see Shore deflecting blame and at the levels with the cash BATM has, the holdings Marom has, Shore interests in ADOR....... fill in the blanks.

[the crypt] 15/6/2022 13:59

Kooba and follower and worshippers of all akoobanos - the directors have tricked us .... I think....... Therefore I am not am I - data is the question

[car1pet] 15/6/2022 13:55

Totally agree kooba

[kooba] 15/6/2022 12:49

You would think..ultimately exercising the buy back authority was at the discretion of the board..but why the hell the board agreed a buyback and recommended to shareholders as in their interests and part of long term strategy then not to use that authority really does demand some comment. Some folks might well have purchased shares thinking that a 10% buy back would support the price and mop up the pesky tracker stock..that i thought being the idea. Was such an investment consideration made on a false pretence ?

[car1pet] 15/6/2022 12:38

Marom has a duty to the shareholders to communicate why the buyback hasn't started and the status of the company.

[the crypt] 15/6/2022 11:58

May the cheese be hardening and the smells getting magnificently stinky

[car1pet] 15/6/2022 09:58

Another 7 shares traded - Buyback in full swing!!

[wizzkid211] 15/6/2022 09:44

VOLUME ON TASE 27527 SHARES

[car1pet] 15/6/2022 09:35

After 1hour and 34 minutes of trading this morning one trade of 500 shares has been reported.

[wizzkid211] 15/6/2022 07:59

Just a reminder

[kooba] 14/6/2022 18:28

Print is 272k @36.05 at 17.31...60k odd went through in auction at that price. Someone is working order through day then printing out late. But who and why.

[kooba] 14/6/2022 18:14

Another big print at auction price after close short 280k ..all a bit deja vu. This could be arbitrage out of Israel ? No holding in company rns so not a larger holder selling below % level. Don't think there's any sign of shorting either..who would down here even in this market environment. Seems somewhat consistent and certainly not pi size.

[the crypt] 14/6/2022 16:29

Are you sure it's not you ?

[kemche] 14/6/2022 10:22

Barry, have you presented BVC as a pairs trade at any hedge fund conferences?

[kooba] 14/6/2022 09:31

It would be unusual for a company to be restricted for so long for most of the reasons raised on the corporate front. If it's regulatory then they should clarify the hurdle without further delay. On most transactions though only when there is a high level of certainty in the event taking place would you become restricted and if definitely happening then should be announced to market to avoid any leaks..so timescales wise things are getting stretched on most fronts. Echo..did you get any response out of interest. Not a company i have had direct comms with for many many years. Do they have useful IR function?

[echoridge] 14/6/2022 09:05

Ah, thanks for the clarification(s), lsoc. I'm not sure I would raise the crime to malfeasance, but I agree with the general sentiment. I suggest rather than vent solely on an anonymous message board though, that you consider making your views - particularly regarding the radio silence for what, ironically, is likely good news - known to the company. I certainly have.

[echoridge] 14/6/2022 08:13

sorry dds, what do you mean by 'leaky'?

[dds14] 14/6/2022 08:11

The behaviour of the share price - which has been leaky to say the least - doesn't support this.

The behaviour of a management team who have poorly communicated through the last 18 months, clearly got blindsided by the removal from the index and may or may not have thought through the implications of the buyback is more likely.

I'd love to be wrong and not be looking at a loss in a few months. But I thought that when they announced the buyback

[echoridge] 14/6/2022 07:42

Fwiw, I posted my comment before seeing kooba's update

[echoridge] 14/6/2022 07:41

So let me see if I understand this. The Company declares and pays a normal dividend last year/early 2022 no issues, then over the next couple of months proposes and passes a further capital return in the form of a 10% share buyback, then soon after initiates that buyback, then soon after that 'discovers' that in fact they have - what exactly? - they have somehow forfeited their tax loss carry forwards as they have negative retained earnings, and now, months later are still locked in some kind of struggle with the tax authorities in Israel and/or the UK trying to resolve it while in the meantime halting any further purchases AND not making any clarifying statements on the market?....And suddenly that's a preferred theory to them negotiating a sufficiently consequential deal for Edgility or Ador that renders them inside according to their advisors and therefore unable for now to buy back shares? Got it.