Batm Advanced Communicat... Share Discussion Threads

[bigjon1] 17/7/2023 10:43

Useful insight Resistance, given that it looks like performance will be in line with expectations (based on the fact we have not had any RNS out), do you think the interim results will still have a large market impact?

[resistance1] 17/7/2023 10:40

Once disposal/acquisition news is announced. There is no longer any reasonable block to the CEO and CFO buying stock.

[resistance1] 17/7/2023 10:22

The year end runs to end December and are announced in Feb. So Feb '24. Next up is the half year (end June 2023) usually announced towards the end of August. It will be good to see if the (modest) forecasts are on track to be met or exceeded. A significant change higher or lower will usually trigger an RNS beforehand. Probably by now. So looks like we are largely on track. Hoping for the 2nd half of the year to see benefits from the new strategic vision plus disposal/acquisition news (finally.)

[rawdeal1] 14/7/2023 14:12

Talking of year end results ... any idea when they'll be announced

[fse] 14/7/2023 13:38

AGM’s are usually as Paulisi comments above. Sometimes management will make comments on the company but usually that’s with year end results or a specific investors meeting both of which we have had. We should get an update when H1 results are released.

Added links.



H1 results last year were published August 24th. Thats the event you are looking for car1pet.

BATM publish recent and older Financial results twice a year

[car1pet] 13/7/2023 20:51

Paulisi
What Is an Annual General Meeting (AGM)?
An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.

Additional Topics Covered at an Annual General Meeting (AGM)
If the company has not been performing well, the AGM is also when shareholders can question the board of directors and management as to why performance has been poor. The shareholders can demand satisfactory answers as well as inquire about the strategies that management plans to implement to turn the company around.

Questions were requested and submitted but ignored.

An AGM is not "a tick box to cover legal necessities"

[paulisi] 13/7/2023 20:21

AGMs are just tick boxes to cover the legal necessities.

[tradeterminator01] 12/7/2023 16:45

Great article Wizkid highlighting the importance and fantastic implications that edgility can have in a multitude of sectors. If BATM can capitalise on their early adoption of edgility, well see exponential growth. BATM's lack of debt will allow them to make sound investment decisions and pull of some great deals/contracts. Looking forward to what's discussed at the AGM.

[wizzkid211] 12/7/2023 12:59

the synergy of 5G and edge computing holds immense potential for transforming the way we manage energy.

[kooba] 10/7/2023 20:11

The close period ended with the announcement of results so the question should be is there any reason why the senior executive directors are still restricted in purchasing shares in the company to show alignment with their shareholders. Unclear at the moment if the new CFO holds any shares but i guess not. An odd situation if the two senior executives hold no shares...i would venture the only share listed in London with such a situation.I think now it is raised there may be some director buying ..but when ? and if there is a reason preventing purchase when might that manifest in news flow justifying the restriction.

[clutterskillet] 10/7/2023 08:52

good job! eggy car

[resistance1] 10/7/2023 08:48

Questions for AGM

1. Is turnover forecast on course for 1/2 year?
2. Guidance for 2nd half. What’s the pipeline looking like? Especially Edgility.

3. Are you still in a ‘closed period’ for Directors buys?

I won’t bother asking questions re disposal/acquisitions as they won’t answer

Anything else?

[echoridge] 07/7/2023 10:30

Meantime, back at the market coal face: there's no doubt that the on-going buyer at Shore Cap is getting a bit long in the tooth (reckon he was still bidding and getting stock yesterday which is one of the reasons BVC didn't puke like - seemingly - every other small/mid cap name yesterday) as I estimate that buyer is now well over 5m purchased (again, 1/2 of those came from a fund closing down), so he is probably near done. However, what's interesting, especially given how miserable this market is, a new broker-dealer - FinCap - has shown up as a substantial buyer in the market. This is the first time I can ever remember seeing that Firm with a decent interest in BATM. This is possibly early evidence of a second reasonable-sized buyer emerging from the CMD (which has been rumoured). If so, at least this time there won't be a fund wind-up to provide blocks and we may get Mr Angry's hoped-for (minor) re-pricing into a decent update on transactions and/or Edgility progress around the AGM or soon after.

[resistance1] 07/7/2023 10:12

Yes I’m giving it to the end of the year to see progress. I think that is fair. If nowt happens then I’ll consider my options.

[kooba] 07/7/2023 10:09

I hope you guys are right and the second half of the year proves there is both strategic and organic progress in unlocking value that the market starts to recognise.

[resistance1] 07/7/2023 08:43

I support Echo about the changes at the top. CEO’s in Israeli companies carry far more ‘clout’ than in Europe/US. So board members and a consensus play less of a part. The vision comes from the very top. Moti is more of a realist and from his background wants to underpromise and over deliver. This is a different narrative from. What we are used to.

[echoridge] 07/7/2023 07:26

no row seeking here either. As I said, I'm the biggest backer of dismembering the no-synergies holding company structure to create value, as I've stated endlessly. As for margins, of course we're looking at businesses like Edgility to contribute to a significant increase in the Group's operating margins, as the business ramps up, so I'm not worried about that. And finally, I need to push back once and for all about this 'he was the CFO overseeing the confused structure' narrative. When Zvi ran the Company, Zvi set the vision and pushed through all the relevant decisions. As CFO, Moti would have had next to no influence in those areas. Truly. That's, again, why this change at the top is such a big deal, though I concede the market remains skeptical.

[kooba] 07/7/2023 05:31

The main way of realising your sum of the parts would be to dismember it , my comments on growth rating relate to earnings forecasts current year 0.4c next 0.9c giving current year per about 80 and next year 35 , the company also is running on very low margins, hardly cheap on an earnings basis or profits showing anything but commodity industry type margins not unique technology type ones.Anyway they have much to prove operationally especially in the emerging product lines which could justify the optimism. Right now though we have a guy running it who holds no equity directly and has been there 8 years overseeing the confused structure as CFO. Much of the 'new' strategy is clearly the old strategy with a new voice.Actions speak louder than words and orders speak louder than permanent 'inflection' points.Not looking for a row ..frustrated at lack of discernible progress in a number of key areas.With some cash in the bank maybe the interest rate rises might just help them !!

[echoridge] 07/7/2023 00:59

well, I agree with some/much of what you say as well. Of course we have a now ongoing disagreement on rating/valuation. I'm in the camp that this is stupid-cheap, ex-cash and ex-real estate (so, as I see it, this is not valued in any way as a 'growth' stock. My entire thesis is that it SHOULD be but right now, the market is in a complete 'show me' state, so for me, BATM remains a significant discount-to-the-SOTP name and certainly not a 'growth' stock), but I agree with you - and so does management btw - that the holding structure has to end, and I think furthermore that the strategic plan to get there is now pretty well understood: best guess derived from the CMD et al is that Medical will be significantly diminished primarily through the sale of Distribution and the focus going forward will be on Telco, particularly Edgility, and Cyber. And I don't think anyone who has met Moti believes 'puff' has anything to do with it. There is as much pressure to deliver significant transactions and enhance shareholder value internally as there is from shareholders.

[kooba] 06/7/2023 21:31

Echo ..i said much of it..not that precise bit. I think the company needs restructuring to better make sense of the potential value..the rating is cutrrent actually very high as there is little growth coming through, as it goes just a series of downgrades.I think the group model is broken and needs revisiting..as to selling everything and liquidating it ..no my chosen route just yet but I think there needs to be more pressure to deliver and not just talk about it, generally I think many shareholders unbelievably tolerant of the company's puff and lack of delivery.It's not a new thing either..it's in the company culture!