Batm Advanced Communicat... Share Discussion Threads

[resistance1] 21/12/2022 08:30

1st sale of the day maybe still a bit of overhang? Maybe coincidence?

[gbenson1] 21/12/2022 07:33

Some aggressive buying late on yesterday other than the buyback, hoping that it continues today and starts to push the share price north from here?

[wizzkid211] 21/12/2022 07:01

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it purchased 200,000 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.

4,495,000 Ordinary Shares held in treasury.

[kooba] 21/12/2022 06:42

The listing issues are not the only reason the stock is where it is they have had two profit warnings this year neither of which was flagged in a timely manner. Many seem to be ignoring the poor trading performance seen this year against very confident forecasts...also they have failed to move on from a "covid" stock tag , in fact they have rather confirmed it in their updates.They need to convince the markets they are on top of forecasting and that new product revenues are genuinely on a fast growth track..whilst there are glimmers from Edgility and non covid testing revenues , they are far from a trend.As to market activity it is extremely difficult to know what is going on but i note again some are having a further stab at explaining it.If there are multiple buyers and a finished aggressive seller we should soon be able to see that in the market...if a line has indeed cleared then we should reverse trend quickly..no real evidence into last nights close yet though.Agm would be a perfect opportunity now to clear the decks and say what the company will do better next year..and to be honest and apologise for the dire share price and trading performance this year..the board are accountable to shareholders and they have done a poor job in particular communicating the challenges that manifested. Without acknowledging their failings including listing fiascos its difficult to think there will be better communications strategy going forward.

[echoridge] 20/12/2022 23:49

I'm not commenting on who I think the other buyer or buyers were today, but your speculation is misguided in one key way, benson. If LO did that sort of size you suggested, it's very unlikely there will be any RNS to that effect any time soon, as the last holding they disclosed was just over 27%, so they would have to buy somewhere around 4.4m shares, ie., 1% more of the Company - assuming they've not bought any since the last disclosure of course - before being obligated to make a new disclosure.

[gbenson1] 20/12/2022 23:10

Well here's another theory for consideration, I think the company only bought back a small amount of shares today circa 2-300k, the other bigger buyer was Lombard Odey who bought 1m+ and I expect a holdings/explanation RNS from them @ 0700 hrs, and finally someone closing their selling/short position, all this on the eve of the AGM, just wonder if Zvi has been selling down his holding? We'll find out in the next 8 hours!!

[fse] 20/12/2022 22:13

as you say echo someone has been accumulating and its unlikely investing from this point forwards that they are short term.
Appreciate your comments and attempts to get to the bottom of it all....

[echoridge] 20/12/2022 21:48

I will try and provide more details tomorrow on the recent trading and price action in our share price, but for now, for those who are interested, the major seller that has been in the market for some time - and is almost solely responsible for driving the price down from 30/31p to 21/22p into the recent trading update - I am near certain, is now finally finished. As I've shared previously, the seller has been working through the US mid-sized broker-dealer, Jefferies, a titanically stupid decision as Jefferies have never traded BATM in my memory and likely never will again. That has exacerbated the decline as have the thin holiday markets. Shore Cap did reasonable volume again today, indicating that the Company was active again, but most of today's Jefferies balance went to the other 2 buyers I also previously mentioned have been active over the past 4/5 sessions. One positive for shareholders, aside from the fact that this persistent seller is now finished, is that none of the 3 buyers today are going to be looking to turn any of the 5m+ shares they've bought for a 1 or 2p profit. They are all long-term holders and so we should have a reasonable shot at seeing a genuine bounce in the share price now that this overhang has(finally) been removed.

[fse] 20/12/2022 18:26

AGM in Israel tomorrow. Its unlikely that any of these concerns will get aired at this function. I would on the other hand expect to get or demand some clarification on these listing issues when the new CEO is actually in the job early in the new year, get the new year off to a good start .....
The problem for BATM is that they made a mistake severely misjudging the negative fallout from the listings fiasco and placed themselves in a bad light.
I remember saying this could be more of a problem than they are willing to admit, as it turns out it had a worse impact than I thought even on a pessimistic day.
What really frustrates me is that they could and should address this and fix it.
Maybe someone can shout this out at the AGM not that they will listen, maybe present one of those infamous Netanyahu styled cartoons to the audience.

[resistance1] 20/12/2022 17:26

I thought just 200k buyback like yesterday

[car1pet] 20/12/2022 17:02

1.8m shares trades today - I guess most are Shore capital buying back. Clearly there is little interest for investors buying this share. I reckon around 300,000 shares were PI trades. Shore is getting a free run to buy at around 22p. My memory is that the plan was to buyback 40m shares. At this rate the 40m will have been bought before the results. At which point we may find out what is going on.
If the major shareholders are selling at 22p we would see RNSs declaring their reduced holdings. Clearly there are sellers willing to sell at 22p. Is it possible that LO and Herald are selling at a loss for tax purposes in the belief that they will buyout the minority shareholders after the buyback concludes and take the company private, re-organize it and float it in 2-3 years.
Maybe I'm analyzing too much and Homeboy is right - its simply a dog that nobody wants to buy

[resistance1] 20/12/2022 16:59

Not that I take any notice of Covid variants myself and refuse to be alarmed. The latest news out of China and Far East re the explosion of infections (of the last 'variant of concern') means the need for Covid testing is again front of mind. And related bulk orders. hxxps://www.moneycontrol.com/news/trends/current-affairs-trends/covid-in-china-what-we-know-so-far-about-the-rapidly-spreading-omicron-subvariant-bf-7-9735231.html

[fse] 20/12/2022 15:10

FWIW its worth I do agree about the listings and have highlighted it as a problem they did need to deal with over 2 years ago. The company received really duff advice on this and have made it worse by ignoring it. The dual listing was at best a marginal call when it did not upset the apple cart with the UK listing. The Israeli market is a fraction of the size of the UK one and I am quite sure any major investors in Israel are quite able to hold shares in the UK.
The TASE listing causes re balancing issues and dividends are subject to unfavourable withholding tax. It creates a level of uncertainty that investors are simply not willing to put up with.
Telco systems is a US company and could move to NASDAQ at the very least make plans to go in that direction.. The medical division is probably better served with the UK listing and cancel TASE. This would also solve another dilemna for investors who follow BioTech and not Telcos. Nobody has commented on this but in my experience the different sectors attract different investors. ie if you want to get a piece of ADOR new diagnostics action you have to invest in Telco also.
I really do feel that the company need to address these issues.

The IP is impressive and very decent progress is getting made but the company is presenting itself in an untidy way to potential investors.
I will comment on the Tech as it unfolds but do feel we are in for a continued rough ride until these items that could be relatively easily sorted out are given the recognition and attention they need.

[kooba] 20/12/2022 14:36

Well no real sign of a let up in selling at a time when volume normally dries up ..if it is one seller they seem happy to keep printing them.Having taken a fair few out of the market there is no positive impact on price..that might work well for the company and LTHs but begs the question why an institutional sized seller is jumping at multi year lows.Don't think BATM make AGM Statements , having just had a trading update it's unlikely even if it is one of his last acts as Zvi as CEO. Certainly not going out on a high!

[car1pet] 20/12/2022 14:15

So far 650,000 shares auto traded at 22p.

[car1pet] 20/12/2022 09:18

No signs of a Santa Rally on any stocks

[homeboy] 20/12/2022 08:42

they sacrificed a london listing with the institutional buying that goes with it for a second tier overseas listing, they could've tried for a nasdaq listing but no,
total incompetence
no instis are buying this, it's just the company and a handful of clowns using their chump change
the clowns are underwater on this dog and live in eternal hope
80% wealth destruction in just over a year, that's the market voting on incompetence and trust issues

clowns always think they know better, lot of clowns on this thread, they should start a circus instead, lol

[wizzkid211] 20/12/2022 07:01

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it purchased 200,000 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

4,295,000 Ordinary Shares held in treasury.

[gbenson1] 19/12/2022 17:23

Would be a positive sign to the market if Moti has bought some shares? but think it's more likely to be a small buyback trade, or might not be either?

[resistance1] 19/12/2022 16:53

Small buy back amount or directors buy?

19-Dec-22 16:36:07 22.91 200,000 Buy* 22.45 22.75 45.82k O

[gbenson1] 19/12/2022 15:11

There's still another 1.20 till the close, buy yeah the volumes been really thin today, winding down for the holidays.

[paulisi] 19/12/2022 15:06

No volume - no sign of a buyback today.

[echoridge] 19/12/2022 09:45

'...In time we come to hate that which we often fear...' Bill S., in a more relevant moment