Batm Advanced Communicat... Share Discussion Threads

[fse] 13/9/2022 16:54

Err Kooba you missed something like how did BATM manage to pay for Telco Systems because they own it outright.
As Simon Thompson referenced the company has no debt with @30% of company assets in cash.
How in the world did such an unsuccessful company find itself in this position.
And you want people to take you seriously

[fse] 13/9/2022 16:48

The cyber division has won major government contracts and is in the process of being able to supply these solutions to other more commercial interests. So I fail to see how that is a failure.
Celitron is no slouch either and does make money.
There are no duds here the major challenges for BATM is the replace covid tests revenue with non covid tests. They are having considerable success here and they have expanded adaltis facilities to handle increased sales.
Telco systems has been brought back to life but sales for edgility need to be on the radar. That’s happening and it’s hard to see them getting knocked off course.
We are at these levels for a variety of unrelated events and the value of BATM. considerable IP is simply not acknowledged

[kooba] 13/9/2022 16:32

On April 10, 2000, BATM Advanced Communications acquired communications company Telco Systems for 261M USDBatm 13/09/22 market cap less cash $100mRetained losses $280mThe guy deserves a break!

[fse] 13/9/2022 16:25

Actually BATM have been successful in the past especially in the Nokia days with telco systems. The telecom sector got wrong footed and in spite of warnings there was little they could do as the sector imploded.
The Bio Med division has gone from strength to strength during this period.
Telco systems totally re invented itself for new age comms and they have clients and partners.
The very real issue here is that the switch from the legacy products to next generation ones means a void in sales as the new replaces the old.
I viewed the H1 results as OK given it was from a very torrid period and a switch over stage for the company in both divisions.
The share price is a disaster and the current price suggests the company will carry on posting small profits and not able to develop either division much further.

[owenski] 13/9/2022 15:58

"Fails as independent on all counts and most definitely an ex ceo should not move to Chair esp executive one."

Does that count as 'shenanigans', along with all the other shenanigans here.

Market does not like this company does it.

[kooba] 13/9/2022 15:51

UK Corporate Governance CodeThe chair should be independent on appointment when assessed against the circumstances set out in Provision 10. The roles of chair and chief executive should not be exercised by the same individual. A chief executive should not become chair of the same company.Fails as independent on all counts and most definitely an ex ceo should not move to Chair esp executive one.Anyway Zvi ain't going anywhere..the thing i find mildly amusing is the posters convinced he is a genius..as I've said before he is often in the right place at the right time and likely scientifically would pass FSE tests on ability to have an opinion but has never really had a winner and has lost a lot of money in the 25 odd years he has been in charge...he's no Steve Jobs who was eminently commercial. I'm hoping he is set to prove me very wrong very quickly ..past performance is no guarantee etc etc

[car1pet] 13/9/2022 15:21

Lombard Odier must have a large paper loss at the moment. If I was the major shareholder in this company I would be demanding a statement from the CEO and proposing a suitable candidate to take over the reins.

[kemche] 13/9/2022 14:24

They desperately need the services of Viridian and Rhino.

[echoridge] 13/9/2022 13:38

'Anyone but Zvi' in the top job would probably help, depending of course on who they hired and so long as Zvi remains in a (very) prominent role, say Executive Chair or CTO, etc., and particularly if it was made clear that among the new guy's priorities was to focus on enhancing shareholder value through simplifying the corporate structure, assess potential disposals, review prospects for further capital returns, etc. That would certainly help, at the very least, give the share price a jolt and likely establish a new, higher range. However, in the short term, not only does that remain pretty unlikely, but there is a far more important event for long-term value creation here that can and should 'wake up' the share price, and that's seeing the Company close on a full-scale contract with CityFibre. If/when this happens - and we know management have been bullish on those prospects in both the interims and subsequent interviews - I think the immediate share price reaction will depend on the degree of economic detail they are able to provide the market (probably not much initially as is the norm these days), but the implications for the Company should be, I believe, transformational. As FSE has described, this kind of SaaS business offers recurring, high margin revenues from each of CityFibre's 'points of presence' onto which BATM is eventually mandated to install its software.

[oakville] 13/9/2022 12:27

We are sleep walking to 25p unless there is change at the top.

[kemche] 12/9/2022 22:20

"fraud struggle from concept"

If you say so.

[kooba] 12/9/2022 22:01

I was referring to the numbers you put forward for the growth of Telco Edgility where I believe you estimated it would be the largest revenue centre within a couple of years ..if that exponential revenue growth materialises , and much would be recurring then it goes a long way to the significantly undervalued tag..if it doesn't and the revenue build is much slower then it obviously has valuation implications.

[kooba] 12/9/2022 17:39

I know what it does thanks and i know what revenue is too. You were talking about your expected revenue build not long ago which sounded hugely impressive if delivered..i can’t remember the exact numbers right now ..i would like to see that revenue build happening not just being talked about. It’s easy to look at these products/services in isolation without knowing exactly what else the competition is coming up with in the space as I’m sure little old Telco is not the only player !..cityfibre is indeed encouraging that they are piloting but ultimately gaining recurring revenues is really the only way of gauging the product and demand. Having been through the dot com many an OEM deals never delivered as expected if at all. We are almost 3/4 of the way through the year and there has been precious little info across the company on new business one can only hope that it is a blow out q4.

[fse] 12/9/2022 17:02

Another area to look at is the non covid molecular diagnostics business that’s really showing promising growth. NatLab reader will be among the diagnostics solutions in situ testing/prescription this is the way medicine is going.
Telco and BioMed divisions are both selling next gen product.

[fse] 12/9/2022 16:57

Kooba. Telco systems have agreements with several large providers and manufacturers to incorporate Edgility into UCPE. and white boxes. They announced the CityFibre news. That’s a lot to be getting on with. Hardly nothing. You don’t seem to understand that this is an architecture and platform for next generation comms.

[car1pet] 12/9/2022 16:46

Brings me back to the drum I'v been banging for years. The company needs a commercial CEO and board.

[kooba] 12/9/2022 16:42

But , but the shares are already cheap how could they fall more! Difficult to know but if they really thought things were gaining traction and momentum in new areas and existing businesses were performing they should be getting busy on the buy back. They are confident in the second half and had in their own estimate excess capital. If the shares bounced to 50p and they hadn't repurchased any shares down here even though they had shareholder approval wonder what they would say?

[car1pet] 12/9/2022 16:39

Also at this price if the company is in good shape why doesnt a predator snap it up. Its current market cap is £122m. Something not right methinks

[kooba] 12/9/2022 16:37

They were contracts awarded end of 2021..it does not appear any new contracts secured first half if I'm reading that right. So that would be six months without new revenue generating business i guess.

[car1pet] 12/9/2022 16:37

I agree Kooba if the company is confident in the future it should buy back as many shares as it can at the current price. However maybe the company is not confident in the future and expects further falls in the share price so is awaiting 20p before buying back.

[fse] 12/9/2022 16:27

Edgility revenue’s that Kooba is quoting are as referenced with respect to 2 contracts that were perhaps some of the first revenue generated in this field by any company. It’s a cumulative revenue flow. I would expect to see serious revenue generated in @2 years as these solutions are adopted. That’s including the city fiber deal. It’s just starting to happen. Perhaps the detractors here can point us to any other company that’s generating revenue any revenue in this arena.

[landskermichael] 12/9/2022 16:22

The speed its dropping Batman will be a teenager again soon
What about all the employees who I assume hold shares in the company , they must be asking questions , we should know the same information as they do

In theory

[kooba] 12/9/2022 15:59

I suppose the question for the bulls who say the company is demonstrably cheap and in no way reflects the value of the underlying businesses. What is the company going to do about about the valuation? Principally why not recommence the buy back which is part of the company strategy if the stock is as cheap as some make out it should be a no brainer and would be significantly value enhancing if you believe the sustained growth narrative. To not implement the buy back when the stock has almost halved since shareholders approved it might well look like very bad management once all the good news flows in and they have missed the opportunity surely. Rather than shouting at pee’d off investors who have seen a collapse in the price which does not fit such a bullish narrative and that the company seems to care little about why not shout at the company and say something needs to be done as the underperformance does not back up their forward looking statements.
The market is very rarely wrong in valuing companies and anomalies don’t tend to last long..here the fall has been sustained and substantial and as risk markets have bounced there is not a sniff of interest.