Batm Advanced Communicat... Share Discussion Threads

[resistance1] 09/12/2022 07:48

As GBenson spotted yesterday. Let’s hope this buy back has legs.

[gbenson1] 09/12/2022 07:46

Believe that Zvi issued the TU yesterday to assure/placate the markets, when it clearly hadn't, later in the day they restarted the share buyback, hope it continues over the next few weeks/months and they purchase the 44m as promised. This will test the shorters pockets!!

[kemche] 09/12/2022 07:21

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it purchased 1,060,000 ordinary shares of NIS 0.01 each in the Company ("Ordinary Shares") via the Company's broker, Shore Capital Stockbrokers Limited ("Shore Capital Stockbrokers"), as detailed below. The repurchased Ordinary Shares will be held in treasury.



Date of purchase:

8 December 2022

Aggregate number of ordinary shares purchased:

1 ,060,000

Lowest price paid per share (pence):

21.0

Highest price paid per share (pence):

21.0

Volume weighted average price paid per share (pence):

21.0

Treatment of purchased shares:

Held in treasury

yippee!

[dds14] 09/12/2022 07:20

At last...

[kemche] 09/12/2022 07:15

Edited - as superseded by events!

[kooba] 09/12/2022 07:07

Has been some comment that the share buyback might start again now this update has cleansed the company. Idea being that the contract..or lack thereof would have restricted the company. Well it certainly would have been announced because the company like putting out good news..and I'm pretty sure many knew of the contract and also many realised it couldn't hit current year numbers and knew there would be a warning.Did it make the company restricted from making share buybacks for 8 months..nope.The revenue was already in the forecasts in the market which significantly reduced any price sensitivity. The risk was that the contract didn't come in..as we now know.If they do recommence the buyback then it is because they have decided to hold off knowing the bad news was to come not from any legitimate restriction and now want to take advantage of the decimated share price.If they do start buying though will obviously benefit the price in the short term..let's see.

[kemche] 09/12/2022 06:55

We need Barry's expert take on this.

[kooba] 09/12/2022 05:04

Clueless.Just try to think on what basis this unsigned contract could have been filled and delivered to be included in the 2022 accounts. $25m of kit would have been months and months of production and delivery to the unknown South East Asian country. If this had been signed in October there's no way it would have all hit this year. How did BATM only realise on 8th Dec this would impact current year especially when this contract represents about half of the forecast revenue for bio med division in the second half? Also when exactly in what is now a pretty much highly competitive commodity like space does a tiny Italian based company get such a large contract from South East Asia...when the center of test kit production is China. Doesn't add up.The company's credibility is blown by two profits warnings this year now so guidance is not at all reliable..they now predict that group revenue for next year will be the same as previously forecast ..but with the $25m contract in for next year now that is effectively cutting next years forecast sharply too. If this contract that they apparently won by tender and for whatever reason the customer has not signed..how long for ..who knows? And why with the visibility they mention can they not say when this will now land ? If it does not materialise then next year will be a miss too.Ebitda now forecast at $7,1m instead of $17.1m current year and no mention of the now positive currency movement in the second half the main excuse for poor first half performance.The company has now seen a net cash movement from $67m end of 2021 to cash today of $40m ..$27m depletion with far less than half explained by the divi and ADOR investment , oh and £100k of buyback.For a profitable company (?) this is a fair chunk of change going out the door considering the market cap is now well below $100m.Doesn't add up.Take the rose tinteds off and think.Swinging wildly at posters who you don't like pointing out inconsistencies with gibes about being drunk or threatening legals rather than having any answers just sums you up ..lightweight and over invested in a company that has more questions than answers.

[fse] 09/12/2022 01:55

Have you been drinking again you are starting to slur your words.
Honestly I am not interested in this diatribe so whatever you think 🤔
I am not in your timeframe so off for dinner Have fun. Over and out
You must be up late.

[fse] 09/12/2022 00:10

Kooba please return to the egocentric big boys thread. We are tired of you telling us repeatedly how great you are and how stupid we all are. You are at the end of the day a bad bully who needs to wash his mouth out with soap 🧼 only stating the obvious.
No one minds criticism and I am hardly enamored with certain aspects which I have stated.
The IP looking rather solid and you say you bought some more. Good on you I think you got a bargain.

[kooba] 08/12/2022 23:46

In denial. A 58% miss on reaffirmed forecasts given less than four months ago is encouraging to you .. the share price I think is a far better judge in reality , and the fact the share price collapsed ahead of this update reflects even worse on the company than the numbers themselves...leaky as a sieve and the company was clearly aware they would not make the numbers or be able to book that unsigned contract to this year ages ago..the price forced the update..the wrong way round !The company's forecasts have proved highly unreliable and any confidence that they have any grip will be a long time in coming for most normal investors.And the guy in charge of the numbers that have been over optimistic in guidance to the market ..the new CEO ..super.Oh and grow up ffs.

[fse] 08/12/2022 23:06

That’s what I thought. In any event your remarks much as some of us don’t care for them are hardly illegal or a red flag. Just obnoxious. Have a good day on the big boys thread.

[fse] 08/12/2022 22:38

Is misleading information Illegal UK?
Section 93 – Penalties

525. Subsection (1) states that a person convicted of providing false and misleading information could be subject to an unlimited fine or up to two years imprisonment, or both.

I would seriously doubt the company could be bothered with you but the company auditors who rely on presenting audited information that is completely accurate may not feel the same way. As they are in this case a very large firm who represent many clients bringing their name into disrepute is another matter.

[fse] 08/12/2022 22:13

Pockstones you lied about the company and the auditors and I screenshot your remarks which you later deleted and sent them to the auditors as this is a public forum I doubt they will be amused. You seem to like to take delight in what you perceived as others misfortune despite having no position. You will possibly be investigated to determine if you did have a short position and lied to enrich yourself. Personally I doubt you did and are just a witless idiot. Now please just get lost.

[resistance1] 08/12/2022 20:30

GBenson: you could be right. With the large testing deal effectively delayed into next FY there is no ‘material reason’ to delay the buyback further.

[bigjon1] 08/12/2022 19:24

Well said FSE, the RNS news that came out today makes me even more confident in the stock. In my view the fact that BATM "made solid progress in both of its divisions as business" is not priced into the share price. Looking forward to see if BATM win the substantial multi-year, multi-million dollar government contract. This would set them up nicely for 2023

[pockstones] 08/12/2022 19:03

Shifty the rat hat tip for your efforts the price reaction today suggests that corporate governance issues continue to dog this business
Uninvestable

[fse] 08/12/2022 16:41

Happy to be head clown in that case. Most companies I follow had a horrendous 2022 no contracts closed no financial commitments very lean on the ground. Whilst the markets choose to ignore this when the year ends start coming in it could get decidedly unpleasant situation.
I agree with many about the mishandling of the indexes the share buy back and the obvious shortfalls in getting management re focused for the road ahead. From a technology standpoint they are starting to convert the IP into a marketable product.

[gbenson1] 08/12/2022 16:37

700k shares traded in the last 5 mins, RNS or no RNS @ 0700 hrs?

[resistance1] 08/12/2022 15:47

Home of clowns

[homeboy] 08/12/2022 15:41

oh dear look at that selling volume, yet another tu with vagueness and waffle
they already announced buybacks, its just that they clearly aint doing them, why is that
if this was such a great tu, the market wouldn't be selling into it
you lot have become too clownish for your own good
something just not right here, seems dodgy especially when it comes to actually running a company from a corporate perspective
only the clowns think there's nought wrong here

clownology

[tradeterminator01] 08/12/2022 15:20

Positive RNS today, especially with news regarding the networking and cyber division. Nothing is stopping me from remaining Bullish on this stock. However i am a little fussed about the lack of buyback which i was hopeful would be announced. Then again i am long on this particular stock so it's not the end of the world and will hopefully receive news of a buyback soon.

[car1pet] 08/12/2022 15:08

FSE you keep pushing the positive message but look at the reality. Over 2m shares traded today after a company update which you think is positive and the share price drops.
The company may win awards and have clever IP but the reality is that as a business it is a failure. If you are right and I bow to your technical superiority over me then it supports my argument that the company needs a new business focussed leadership team. Right now its run by techies who don't seem capable of running a business