Batm Advanced Communicat... Share Discussion Threads

[fse] 06/12/2022 16:25

AGM. Is Dec 21st and we will know what’s going on then. Until then unless something changes the shares are virtually un tradable.
As already stated there is a complete disconnect here from progress on the ground and the share price.

[car1pet] 06/12/2022 16:17

Down 9% now at 22

[gbenson1] 06/12/2022 16:12

An algorithm/bot has taken over the trading!!

[kooba] 06/12/2022 15:43

If any of those bullish possibilities listed as reasons for the buyback to be stalled were actually happening do you believe the share price would be where it is. The company like most is leaky ..anything good happening would be reflected in the share price in guess. What is being reflected in the price performance is not bullish !!

[kooba] 06/12/2022 15:40

A company is not deemed restricted unless there is a very high likelihood of any talks crystallising in the near term. There is no way the failure to implement the agreed buyback is down to advanced talks for 8 months! They have chosen not to do the buy back..it may be a sensible move if they want to retain the cash on balance sheet during uncertain times. We have all speculated on why they have not followed on from the initial transaction ..they have given no reason why they cannot proceed so one must presume their plans have changed.The fact that it does not appear in the Agm resolutions and the authority lapses at the end of this Agm would indicate they have no future intention of doing a buyback irrespective of any corporate transaction. This is contrary to there last update with the interims where it was still under consideration it seemed.

[homeboy] 06/12/2022 14:46

oh dear, still hammering down and on large volumes
almost as if something's wrong here, but of course there cant be cause fse said it's all good
shame the market sees differently and for some time, maybe echobilge can pop by to lecture us all at some point about how wrong we all is

[landskermichael] 06/12/2022 14:38

If it drops to 16p the cash and assets will just about be equal to the market cap , we might be offered 20p for our shares then f they decide to go private , now I'm not saying this might be being manipulated to that end , it does make a good conspiracy theory though 😃

[fse] 06/12/2022 14:26

Volumes are not insignificant and obviously shares don’t disappear. The company can easily afford to go private. I am not aware in spite of considerable digging that they have a failure with one of the technologies in TElco or Medical division. The share price makes zero sense and the complete absence of any comment from them would lead me to that conclusion. They are either getting taken over or intend to go private.
They have a total market cap of @100m between what Marom owns and cash on hand this would be easily achievable
It’s pointless my offering up any reasonable logic to this as the shares have completely collapsed despite very considerable progress and the company refuses to make any comment.
I have never seen a situation like this before so that’s my best take on the matter.

[echoridge] 06/12/2022 14:25

picsous - because then the information would no longer be confidential, which is clearly how the Company would want to keep it

[picsous] 06/12/2022 13:48

So why not tell us?

[bigjon1] 06/12/2022 13:45

Resistance you have a good point. BATM have been very busy developing partnerships in the second half of 2022 - it would make sense for them to halt the buyback scheme and prioritise deals that will generate consistent cashflow over the next few years.

[oakville] 06/12/2022 13:24

Wow just WOW !!

[resistance1] 06/12/2022 12:32

Kooba as you may recall, I and others speculated in the summer as to the reasons behind the aborted or mostly likely stalled buyback. Large background deals, approaches of interest, takeovers even. However none of this appeared. The need for the buyback to restart (although it hardly ever started!) has never been greater. I know we all are nursing paper loses and the share price needs this support and confidence for the market confidence to return. I still see this as a strong winner next year, with a new focus commercialisation, and resulting sales momentum, we are perhaps at or near the turning point. Also I am at QE2 Centre later this afternoon so will drop by the Edgility stand.

[kooba] 06/12/2022 11:27

The interesting thing in the latest lurch down is that it has been on quite decent volume ( not encouraging) we had seen drifty low volume days previously which one doesn't get too concerned at but on an order driven counter like this it seems a fairly motivated seller(s) are taking down.The company has authority to buy back 44m shares (less 200k!) but elects to stand off and not to follow stated board strategy that got rushed through at a specially convened GM to get approval from shareholders. "BATM Advanced Communications Ltd. (LSE:BVC) commences share repurchases on April 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 17, 2022. As per the mandate, the company is authorized to repurchase up to 44,053,412 ordinary shares, representing 10% of its issued share capital. The program will be funded by Group's net cash.The authority shall expire at the conclusion of the next Annual General Meeting of the company."Anything about new authority for share repurchases in the AGM documentation or the authority lapses.I don't see anything on authority to repurchase only to issue more. Might be wrong.https://www.batm.com/media/1531/agm-circular-211222.pdf

[car1pet] 06/12/2022 11:14

After all the years I've held this dog I'm now down 10%. I don't check very often and I thought I'd paid 21p so was still just about break even but no. What a dog. Looks like it will swizzle its way down to less than 20p

[wizzkid211] 06/12/2022 09:43

CLOWNBOY = BDS

[landskermichael] 06/12/2022 09:29

What people say on boards like this make no difference to the share price , nobody knows what is going on here , if I falls to 18p I would be very surprised if they don't consider taking the company private

[zipstuck] 06/12/2022 08:32

Exchange differences on translating foreign ( 6,666
operations ) (2,195)

This is extracted from the H1 accounts.

I expect this to largely reverse in H2

[bigjon1] 05/12/2022 21:04

Homeboy, your remarks are laughable. Firstly just because the buyback hasn't happened yet doesn't mean it won't happen. Secondly you are the only one that things BATM is some massive fraud (they are audited as FSE mentioned) and nobody thinks they are running out of money. Your extreme opinions make you seem like a conspiracy theorist. In terms of the CEO stepping down this was positive - those active in the BATM ecosystem were happy to see the change and know that it was the correct decision to take BATM to the next level.

[fse] 05/12/2022 16:37

Making false allegations does not mean the company is under investigation and they are not. I have already made my position clear about the indexes listings and share buy back. Spamming multiple threads with clown like rhetoric is just that. Homeboy you have no credibility on any subject you don’t hold shares and dont have any short position as you are claiming to be wise after the fact.
Company accounts are audited are you saying the auditors are lying.
Simple question could you answer that. Are the auditors lying

[kooba] 05/12/2022 16:03

On cash lets not forget the first half 2022.Thats a reduction of $20m in six months..some depletion explained..about the cost of a 10% share buyback !They went ex the dividend last year but paid out at the very beginning of this year which swells the year end cash. The buyback was 200k shares at about 50p..not really worth mentioning !This business is not throwing off cash however much people say it is! I suppose after that half its not surprising they suspended the buyback after one purchase.There should start to be a recovery in earnings relative to the US$ now..unless they have now hedged exposure.As we approach the end of the year despite earlier comments it appears the company has not seen orders at ADOR or from its new commercial cyber offering..both targeted before the end 2022. The weakness may be nerves over whether they make the numbers they were confident of at the time of the interims? They needed a good second half. "At 30 June 2022, the Group had cash and cash equivalents and financial assets of $47.4m (31 December 2021: $ 67.8m; 30 June 2021: $64.9m). Financial assets represent cash deposits of more than three months' duration, held for trading bonds and marketable securities. The change in cash and cash equivalents and financial assets compared with the prior periods primarily reflects dividend and buy-back payments of $5.1m; an additional investment in ADOR of $4m; and the impact of the weakening of the currencies in which the Group's subsidiaries operate compared with the US dollar."

[homeboy] 05/12/2022 15:15

quote from clown chops fse -
"FWIW BATM have considerable cash reserves are eking out a profit are developing their IP with no dilution to shareholders and are not under any investigation."

has the company said there's no merit to the allegations concerning ador????
the company said they'd be paying a divi
the company said they'd be buying back shares
how's that working out???
i'd take the company's stated cash position with a pinch of salt at present


fse sending ador bumph to a government
lol, you know it's a useless company when it needs the shareholders trying to sell on behalf of the company, lol
If a company cant market it's own wares then jeez,
that share price speaking volumes aint it not

keep the clownery levels down please