Batm Advanced Communicat... Share Discussion Threads

[wizzkid211] 18/10/2022 07:01

Batm Advanced Communicat... (LSE:BVC)
Intraday Stock Chart

Tuesday 18 October 2022

Click Here for more Batm Advanced Communicat... Charts.
TIDMBVC

RNS Number : 1759D

BATM Advanced Communications Ld

18 October 2022

LEI: 213800FLQUB9J289RU66

18 October 2022

BATM Advanced Communications Limited

("BATM" or "the Group")

BATM signs multi-year contract with CityFibre for Edgility

The UK's largest independent carrier-neutral Full Fibre platform commercially adopts the Group's virtual network and edge compute solution following successful pilot

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, is pleased to announce that it has signed a multi-year contract with CityFibre, the UK's largest independent carrier-neutral Full Fibre platform, to begin the deployment of its Edgility virtual networking and edge compute solution, with this initial order expected to be worth $3.5 million. BATM expects this order to be rapidly followed by a substantial expansion in deployments as CityFibre rolls out Edgility to its full network.

As announced on 11 July 2022, CityFibre is piloting Edgility to test onboarding and in-life journeys for CityFibre's partners. Based on significant progress in the pilot phase, CityFibre is now proceeding to a scaled national roll-out, which will be implemented alongside the piloting project that continues to gather insight to support the national roll-out.

CityFibre is replacing its hardware-based customer premise routing equipment with a virtualised solution based on small-footprint white-box appliances (a multi-purpose device) operated by Edgility. For the initial order, as CityFibre begins the process, BATM will receive recurring licence fees for a five-year period plus certain hardware sales estimated to be worth a total of $3.5 million. The Group expects the number of end point deployments to be rapidly expanded to tens of thousands per year and believes the financial value of this partnership to the Group will grow substantially in the near-term as the volume of licences increases.

CityFibre builds and operates high quality Full Fibre digital infrastructure that enables wholesale customers to provide broadband, ethernet and 5G services. It serves over 1,500 business and consumer service provider partners. CityFibre recently completed one of Europe's largest ever Full Fibre financings with a GBP4.9 billion debt raise for a programme to bring Full Fibre infrastructure to up to 8 million premises, covering a third of the UK market, spanning 285 cities, towns and locations by 2025. Network construction is currently underway in over 60 cities with services live in more than 45 locations.

Dr. Zvi Marom, CEO of BATM, said: "When it comes to upgrading their networks, organisations are increasingly shifting from hardware-based to software-based solutions to enjoy the significant gains in efficiency as well as reducing their environmental impact. The commercial adoption of Edgility by CityFibre is a great validation of our technology, which we expect will lead to further orders from other businesses. This contract also has significant revenue potential with the prospect of expanding to cover CityFibre's entire infrastructure. We are very excited to be supporting them on their journey as they continue to rollout their full fibre network across the UK and look forward to working together to innovate service provision."

David Tomalin, Group CTO of CityFibre, added: "To support our digital transformation initiative, we selected BATM as a trusted customer edge compute partner that combines a strong innovation culture with a proven track record of virtualised edge device management at scale. Based on the strength of engagement, testing and market feedback from our Partner channel, we look forward to the innovation journey and improved customer experience powered by a virtualised customer edge compute platform."

Enquiries:
ITS THE START!

[fse] 16/10/2022 15:07

Good spot. The website was indeed updated Oct 13th and NatLab RCA solutions featured.
Also they and Adaltis are exhibiting at Medica.
Heres ADOR website.


Added link:comment...


Its also of some note that they are making this presentation with Adaltis who are already selling kits etc which are as up to date as you can get... Ador RCA is a follow on to the next generation tests/analysis. Whilst I am aware of other companies working in this field ie Thermo Fisher I am not aware of anyone selling PCR tests enhanced with Rolling Circle Amplification.
I agree with Kooba that we may well get some feedback from this event.

[kooba] 16/10/2022 13:39

Feels like ADOR website has been refreshed?I note they are exhibiting at Medica 14-17th Nov could be some newsflow ( hopefully ) around that event ?https://www.compamed-tradefair.com/?gclid=Cj0KCQjw166aBhDEARIsAMEyZh6FmUJRDfVrxbKExI29UFtq9BnqNQsA-9Gw82TJVCQYSsQtYQBiP5MaAg4UEALw_wcB&utm_source=google&utm_campaign=01_Compamed2022&utm_medium=cpc

[echoridge] 13/10/2022 14:14

yeah, too many holidays for sure. This period and the Passover week-off around April are particularly bad.

[wizzkid211] 13/10/2022 13:52

open again on the 18th...

[resistance1] 13/10/2022 13:37

Is the Tase closing early last few days? Appreciate Israel seem to have more public holidays than anywhere else in the world. Not a great place for a stock market.

[fse] 11/10/2022 16:27

Thanks Kooba
Hopefully Shore will cover the "house stock" in a more professional manner going forwards.
Its a rough period for tech stocks but hopefully BATM can use the time to decent advantage. I would not rule out acquisitions especially over what is likely going to be a horrendous period ahead. They do not need to raise money from the markets which would be a nightmare.
I would be happy if they hold onto the planned buy back funds as opportunities will arise for those with cash on hand.

[kooba] 11/10/2022 15:53

Shore just put the rns contents up with this comment in morning notes.Valuation thoughtsWe continue to observe that BATM is delivering strong progress across the development of its technologies and Group operations. BATM presents a profitable high growth opportunity to investors across a span of technologies, these moving towards potential market inflection points. As underlying progress continues towards commercialisation, positive operating leverage to reported results should be expected.HOUSE STOCK

[fse] 11/10/2022 15:30

Can anyone paraphrase Shore Capital last update. I cant seem to find it.
Only bright thing I can say about "any" investments at the moment is that best to only hold companies that have cash in the Bank.
BATM should have been a good defensive play, the share price is a disaster but the company is not going to disappear.
We are heading for a winter of discontent and its not going to be pretty.
The Globes article was interesting and implies that BATM really did try to sort something out with the listings but the timing as they say is hardly opportune.
Regarding Zvi retirement.... I looked back at some interviews @ 2 years ago and he pretty well telegraphed that back then. I think its fair to say that this was certainly not a surprise and its been in the planning for quite a while.
He is staying on in a major capacity with ADOR development.

[resistance1] 11/10/2022 14:03

Landsker: Dont think the CEO in waiting can give interviews in that capacity till he is CEO on Jan 1st. Marom has reached retirement age nothing more. Moti Nagar I'm sure will want to demonstrate a more sales focussed approach for the Company as their core products are out of the R&D phase. You like me are frustrated as we await deal news.

[wizzkid211] 11/10/2022 12:39

accountants normally have a bigger noise and a smaller pri%ks

[car1pet] 11/10/2022 12:18

He did not look like a salesman / business man when I saw him on the last update call.
He's an accountant.

[landskermichael] 11/10/2022 11:32

Lots of people have been saying things are going on within in company that people are not aware of , marom stepping down hasnt exactly negated that view , until there is more clarity I see people staying clear from it and a descent of the share price into the teens , only more clarity and good news will prevent that imo , its very undervalued at 27p but as we know , smaller tech companies get hammered down to ridiculous prices in a crash , lets hope there isn't another big downturn in markets before we finally get some good news

Also , why hasn't the new CEO given any interviews , you would expect that , something to instil some confidence in investors to be able to see who he is and his views on how he hopes to take the company forward , ok so he is an accountant and not a scientist like marom is but he needs to at least be a good salesman , hopefully we get to see some communication from him to investors soon

[wizzkid211] 08/10/2022 12:26

Shore Capital restated their house stock rating on shares of BATM Advanced Communications

[fse] 07/10/2022 21:25

Just some thoughts...
Not so much BATM related but sentiment for tech shares is very weak.
Don't know what it's like in the Uk but over the pond it's an economic mess.
I have ended up working on property I own because I can not get anyone to do the work or at least in any timeframe and not at a price thats not stratospheric.
And when the so said tradespeople do show up they have not got a clue and I was ending up doing it myself. So I gave up and dusted the tools off....
The price of property on the other hand has gone through the ever loving roof so despite the decline in the stock market I am up overall on paper but am property poor again.

My conclusion as far as BATM goes is to look back over the technical achievements the company has made plus the fact they have plenty of cash and do actually make some money.
Investors with larger pockets and longer timeframes will or probably as echo suggests starting to nibble. The shares held firm on the Zvi announcement.

Had we not had the extraneous bungles with the Index and the covid hysteria the shares would probably be sitting @60p levels comparing it with the general sector.
The value of the company and its IP is still very much higher than that but in these times thats a harder sell.

I sold a fair few at the peak only because I had too many selling any more would have put my taxes in a bad spot. I bought the ones I sold at the top back at @45p.
Investing today has become somewhat of a conundrum. You can now get some return on Savings and this will keep a lot of funds sidelined.
Nevertheless there are some oversold opportunities out there.

[echoridge] 07/10/2022 20:00

Would someone educate carpet that there's a global equity meltdown out there and it just looks like someone decided to let some BVC go into one of the 2 buyers that have been lurking around, that I have mentioned a number of times over the past week. For the size, it looks like they negotiated a slightly lower price than the 28.5p bid that was in the market all day for up to 250k. In fact, just below 28p is a very decent price for nearly 800k especially in this market environment, and I believe the BUYER goes on. Said a different way: NOTHING is going on!!!

[car1pet] 07/10/2022 18:36

730,000 trade at end of day looked like a sell at 27.95 following a low volume day.
What is going on!!

[kooba] 07/10/2022 12:52

Moti, a guy that has been his right hand man for 8 years...sure."I shall continue to deal with strategic matters at the company, and to serve as chairperson of subsidiary Ador Diagnostics."Zvi soon to be "non"-executive director come January.I hope change and a demonstration of the deep value some ascribe here is to be brought to the fore and expose a significant undervaluation by the market.

[echoridge] 07/10/2022 12:21

For everyone else, whether he was pushed or retired or has taken on spiritual form, Zvi Maron and his long-term defence of the Company's unwieldy corporate structure, is gone. Shareholders now have a genuinely improved chance I believe, to see a much more shareholder-friendly approach to corporate governance and corporate structure from the new year under Moti.

[kooba] 07/10/2022 12:14

: ) nothing is there.

[kemche] 07/10/2022 11:08

In my experience CFOs elevated to CEOs usually succeed. There are countless examples to choose from.

[kooba] 07/10/2022 11:05

This is a pre announcement of an event taking place on Jan 1st.The guy officially is retiring.Repeat how do you know he is being pushed out..by the board or by shareholders? Saying he doesn't care what people think and then saying even as a 21% shareholder he was pushed out seems at odds. Where was the leverage to support a push ??The fact you acknowledge that the company and Zvi don't care about corporate governance that is recommended for the correct stewardship of listed companies is maybe quite a reason why most institutions are steering clear , the G in ESG is a factor to many investors and if as you say it is obvious they ignore best practise and conventions then they will remain unsupported i guess.