Batm Advanced Communicat... Share Discussion Threads

[kooba] 17/12/2022 07:41

Certainly appears some sizeable holders are taking advantage of the buyback to exit.. slightly surprised with an ongoing buyback of decent size that some are so keen to sell and not allow the shares some room to recover..yet. If all goes well this is positive for the long term holders...but does seem some are not as convinced as others of the 'deep value' being leveraged on and recognised in the near term.

[car1pet] 16/12/2022 16:37

It will be interesting to see how many of today's trades relate to the buyback when the RNS is published. 2.75m shares traded in the day and the price down to 22/22.1p. Not looking good.
It wasn't a good day on the market generally but 22/22.1p is very disappointing.

[tradeterminator01] 16/12/2022 15:01

Glad to see the buyback today as predicted, will be interesting to see where this takes us. Glad to still see Clownboy mouthing off about his confidence in the share. But surprised to see his Internet usage still hasn’t been capped

[car1pet] 16/12/2022 13:41

A number of straight orders not auto trades all at 22.50.

[echoridge] 16/12/2022 13:13

Paulisi - that's good karma. I wrote and posted my comment before having seen yours.

[echoridge] 16/12/2022 13:11

Looks like it will be another very healthy volume day. Shore Cap are pretty active, so we can safely assume the Company is continuing the buyback today despite the sabbath. On the other side, the same US broker that has dominated the sell side this past week+ continues as the major seller (I was wrong. I thought they were finishing a couple days ago, but after today, they will have done 8m+ shares according to Bloomberg. Assuming the usual double-counting, that's still over 4m shares, so it is likely they are getting close to the end of their order, which I continue to believe is coming out of Israel and could very well be linked to the very sloppy TA-125 rebalance back in August). The good news is that there appears to be a new buyer in the market today to complement Shore Cap. At the very least, this will help accelerate the end of the seller.

[paulisi] 16/12/2022 13:03

Funny that - 1.8m traded today so far and no chance this is all buyback.

[car1pet] 16/12/2022 11:30

Cumnor. 30p was a thought. I want 50p for my shares but.... if Marom, LO and Herald get together they have 53% of the shares so its an interesting concept but can the 53% agree the price of a buyout given that they themselves would be the buyers. There is a conflict of interest but there is no outside body to adjudicate on a price. Its down to the board who are responsible to the shareholders!! Interesting

[nellyb] 16/12/2022 11:14

zvi, the cat is out of the bag.

[cumnor] 16/12/2022 10:10

Good to see buyback continuing-interesting speculation Carpet but a move to Nasdaq an equally or more likely proposition imo and at these low prices can't see II holders willing to accept 30p as they are more likely to do better as the market and business recovers, rather than risk the private route which carries its own dangers and which could be greater in the mix of Israeli power politics and minority holdings.
Equally their customers-like City-may not feel as easy doing big deals with a private company, esp an Israeli one and all that entails, which lacks the transparency of a plc and which has been shown to screw shareholders over (for Maroms' and the BOD's personal benefit and which therefore is not a trustworthy partner to do multi million deals with). I may be wrong though but 30p-no body would be happy with that.

[wizzkid211] 16/12/2022 07:05

350000 more shares bought.

[kooba] 16/12/2022 07:05

"You got to ac-cent-tchu-ate the positiveE-lim-i-nate the negativeAnd latch on to the affirmativeDon't mess with Mr. In-betweenYou got to spread joy up to the maximumBring gloom down to the minimumAnd have faith, or pandemoniumLiable to walk upon the scene"Happy holidays fellow shareholders..might even buy some more if they manage to hold above 23p..do I trust the narrative ..nah not yet. Is the stock discounting much of the bad news seen this year and not factoring in some positive developments the company is trying to focus attention on ..yep. On balance they look cheap but the company can't have more slip ups and needs to show more traction and move beyond the perma inflection points. Talking the talk in not enough.

[echoridge] 15/12/2022 20:18

Again, as a counter to whatever that was that carpet just wrote, having the Company buy millions of shares in the market over the next few weeks/months and choose not to cancel them, is similar to having a new institutional shareholder on the share register. It's another long-term, deeply knowledgeable holder who, by acquiring their 'stake' is showing faith in the Company's future performance and, though they may decide in future to award them to employees or sell them to a real institution, etc., other shareholders can at least know that this eventually significant % of the Company is in very safe hands and thus the shares are unlikely to ever have to hit the market again in a manner that might disrupt the share price. Meantime, as the Company starts to deliver news of contract economics, corporate restructuring, asset sales, etc that both demonstrate better the Company's deep embedded value as well as the huge potential of its multiple moonshot businesses, more buyers will come into a market that will have even fewer shares in 'free float' (ie., if say, they eventually buy back 10% of the Company's shares in the open market, then over 60% of all the shares outstanding will be effectively (semi) locked up between Zvi, Lombard and Treasury), making a higher share price more likely as demand would hopefully start to outstrip supply. THAT is the value of having the Company buying shares in the open market.

[car1pet] 15/12/2022 18:54

FSE my understanding is that until shares are cancelled they remain in the circulation total and therefore dos not impact the value. See belwo from latest buyback RNS

Following settlement of the above transaction, the Company's issued share capital will comprise 440,534,124 Ordinary Shares, including 3,395,000 Ordinary Shares held in treasury.

[fse] 15/12/2022 18:32

Thanks echo I was not aware or under the opinion that they would necessarily cancel the shares at the end of the buy back. Having said that it really does not change the picture they are out of circulation so investors existing share are worth more commensurately. I agree with your other sentiments.
thanks for the reply

[gbenson1] 15/12/2022 15:57

As we've been at the hands of quite a big short position, there will be less shares available for them to try and manipulate the Sp down, and also if the Sp rises it will impact the p/e and market cap favourably.

[echoridge] 15/12/2022 15:30

fwiw, the different threads throw me a bit, but my answer wasn't very definitive anyway. I don't know what they'll do for certain, though I'm leaning in direction of cancellation. I said however, that I don't think it matters that much one way or the other. For one thing, having shares in Treasury can be useful for employee compensation schemes, as a possible acquisition currency, or of course if a potential strategic partner emerges who might want to take a stake in the Company. Meantime, I think the re-purchase of shares serves to take out stale holders (especially any who may have become reluctant holders after the August TA-125 exclusion), re-establishes some trust in management in the market after the general anger of them having committed to the buyback in March and then stopped suddenly (even if it was for good reason(s)!), and of course to signal to potential investors that the Company has enough confidence in its businesses going forward - as well as in their view of how cheap their equity is - that they are comfortable committing some of their cash pile to buying back shares in the market. For me, those are the essentials to impacting our share price, not whether or not the shares get cancelled in the end.

[fse] 15/12/2022 15:22

Summary please. Not allowed on the other big boys thread !

[nellyb] 15/12/2022 15:07

fse, echo answered that question on the other fred.

[fse] 15/12/2022 15:06

So echo what do you think they will do with the shares they buy back that are essentially held in escrow/treasury.

[echoridge] 15/12/2022 14:51

I don't think anything should change on Fridays, paulisi. Shares are shares and Shore Cap just seems to be buying wherever they can find them at whatever price limit they've been given

[paulisi] 15/12/2022 14:24

2 lots of 100k through so far. Should be more to follow.Not sure what will happen tomorrow with TASE closed

[gbenson1] 15/12/2022 07:40

The buyback continues, what I find more pleasing is the fact that as well as the 400k shares that the company repurchased yesterday approx 500k were also bought by investors, which can only be a positive imho. Hope they keep it going until the AGM and beyond. Think Fri as last week will be a no buy day due to Israeli market being closed?

[wizzkid211] 15/12/2022 07:01

purchased 400,000 ordinary shares