Batm Advanced Communications Ld

2.85 (11.92%)
Share Name Share Symbol Market Type Share ISIN Share Description
Batm Advanced Communications Ld LSE:BVC London Ordinary Share IL0010849045 ORD ILS0.01
  Price Change % Change Share Price Shares Traded Last Trade
  2.85 11.92% 26.75 609,694 16:40:39
Bid Price Offer Price High Price Low Price Open Price
25.05 25.45 25.00 23.80 23.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Communications Services, Nec 116.12 0.24 0.10 - 117.82
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:39 UT 44,936 26.75 GBX

Batm Advanced Communicat... (BVC) Latest News (1)

Batm Advanced Communicat... (BVC) Discussions and Chat

Batm Advanced Communicat... Forums and Chat

Date Time Title Posts
06/6/202321:34Batm Advanced - A New Beginning22,837
08/5/202311:45Coronavirus Investment - BATM417
12/6/202017:27BVC over-ramped and over-valued!120
15/4/202010:44BATM - Broadband bright future22,489

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Batm Advanced Communicat... (BVC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-06 15:40:3926.7544,93612,020.38UT
2023-06-06 15:22:0625.07480120.34O
2023-06-06 15:21:4925.07102.51O
2023-06-06 15:02:2825.07102.51O
2023-06-06 14:20:4825.3010,0002,529.85O

Batm Advanced Communicat... (BVC) Top Chat Posts

Top Posts
Posted at 06/6/2023 21:34 by echoridge
Not wanting to be a downer, but as long as FSE mentioned today's move, it should be pointed out that someone did one hell of a push up in the auction, taking the closing price from a more appropriate 25p-ish (up 5% or so) all the way to 26.75p, more than doubling the day's move (I'm not sure I've ever seen that). As a result, I think anything better than -5% tomorrow (ie., the share price holds above 25p) should be considered a win. The only slightly weird thing in our favour is that whoever did the dirty today spent 12 grand to make it happen, which is quite a bit for this type of thing, indicating a slightly more serious player.
Posted at 11/4/2023 19:32 by bigjon1
This Jackson guy is really wasting peoples time. Back to the real stuff... personally i think the dip in share price over recent days has been due to lack of news. However, given the companies opportunistic position it would be dangerous to even consider shorting this stock. Any news of a non core division being sold off will cause the share price to rip. Personally I think the best bet is to continue to dollar-cost average - would love to hear what you guys think (apart from Jackson).
Posted at 21/3/2023 10:03 by echoridge
To me, the potential value-creator most ignored by the market is Moti's genuine commitment to an acquisition/disposal strategy which has no impediments to beginning immediately given the Firm's strong balance sheet, but then, for the first time I can remember, the Company under Moti is now promoting 'partnerships' and/or JVs in developing its core businesses as well. Just as I believe selling Distribution and/or Carrier Ethernet (my current 2 favourite disposal possibilities) could make a mockery of the Company's currently suppressed valuation (much as the sale of NGSoft did), so too of course would a tie-up with an industry heavyweight say, for Edgility, or the development of a 'civilian' Cyber business. The key to this part of the Company's strategy on the share price is that it is obviously not based on signing new deals, or hooking up more customers, securing new contracts (well, at least not in the short-term), etc.; i.e., these are actions the Company can and hopefully will take in the next 6-18 months, (largely) independent of delivering on operational goals. This is what a deeply discounted sum-of-the-parts Company with nearly 1/2 of its market cap in cash and multiple healthy operating businesses is able to do and, unlike Zvi, I believe Moti has signalled that he is (finally!) prepared to do it and on a material scale. This can and should, I believe, easily drive resistance's share price projections without needed recourse to anything special on the operational side.
Posted at 06/3/2023 17:10 by fse
A tech business only a few steps away from a re-rating

A provider of medical laboratory systems expects to report growth in 2023 but needs to win further contracts to boost the share price
March 6, 2023
By Simon Thompson

Annual revenue from ongoing operations declines by 12.7 per cent to $116mn
Underlying operating profit falls from $11.3mn to $3.7mn
$26mn cyber security order awarded post-year-end
Net cash of $40mn (7.5p a share)
Analysts rein back 2023 expectations
It’s all change at BATM Advanced Communications (BVC:25.5p), a provider of medical laboratory systems, diagnostic kits, cyber security and network solutions. Former finance director Moti Nagar became chief executive at the start of 2023, replacing Zvi Marom, who is now a non-executive director. Ran Noy, who joined the group in 2021 as vice president for finance and has been working alongside Nagar, has been promoted to finance director. Their first task has been explaining last year’s profit reversal.

In a trading update released just before the financial year-end, BATM revealed that a $25mn (£21mn) diagnostics contract, primarily Covid kits and products, that was due to be awarded from a customer in Southeast Asia, was still awaiting signature, thus creating a revenue shortfall. In addition, the strengthening of the US dollar against local currencies has produced a currency headwind at a time that both demand and market prices for Covid-related products have been softening. As a result, BATM’s bio-medical division (76 per cent of total revenue) reported 21 per cent lower annual revenue of $88.3mn, reflecting a sharp decline (from $37.1mn to $8.4mn year on year) in higher-margin Covid-related product sales. The fall in divisional operating profit from $17mn to $4.6mn also reflected the lower gross margin earned (29.4 per cent, down from 36.5 per cent).

Looking at the positives
There are positives, though. The group’s networking and cyber division narrowed its underlying operating loss from $5.6mn to £0.9mn on a third higher revenue of $27.9mn. BATM’s edge computing and network function virtualisation product suite, Edgility, is gaining real traction, signing a five-year initial order worth $3.5mn with CityFibre, the UK's largest independent carrier-neutral full fibre platform. The contract award is expected to be materially expanded as Edgility is rolled out across CityFibre’s full network.

Moreover, Edgility has signed two other five-year contracts worth $2.7mn with other clients and is in “advanced discussions with several potential customers having undertaken proof-of-concept trials”. The group’s cyber security unit is in demand, too, lifting revenue 73 per cent year on year and landing a $26mn five-year government defence contract post-period end. The directors expect the networking and cyber unit to report an operating profit in 2023 and note that the current order backlog across the group is significantly higher than at this point last year.

Forecasts downgraded
That said, analysts at house broker Shore Capital expect to rein in their current-year revenue estimates by 22 per cent to $132mn to factor in ongoing currency headwinds that could reduce euro-related sales by $12mn (mainly in the bio-medical division) and to strip out the $25mn diagnostic tender from forecasts. On this basis, expect their 2023 pre-tax profit estimate to be slashed by two-thirds to $5.8mn, albeit this is still three times higher than the 2022 result.

Clearly, much has changed since I rated BATM’s shares a recovery buy, at 27.5p, at the interim results (‘On the hunt for tech bargains’, 25 August 2022), not least the hefty downgrades to 2023 guidance, which mean that the shares, at 25.5p, are now trading on a 2023 price/earnings (PE) ratio of 47.5, or a cash-adjusted PE ratio of 33. BATM needs to win further contracts and raise guidance for the share price to make progress. That’s not a forlorn possibility, but the share price could tread water at the current level until that happens. Hold.

Posted at 02/2/2023 15:20 by fse
Anyone who was a long term holder of BATM did have a chance to sell 4x over current levels. I sold a fair few albeit with hindsight I would have unloaded a lot more. Tax considerations were a limiter for some I am sure.
SP with companies like this is sentiment driven which itself benefits or not from strong sales or valued IP which the markets think the company can develop to a marketable product.
BATM experienced a strong share price as the IP was recognized as a potentially disruptive new technology. Thats not changed and the IP is more developed and arguably more valuable than it was when the price was over 120p.

The world is in a very precarious position after covid, the war and inflation. A lot of tech companies shares are trashed.
Further to that BATM experienced a perfect storm of events that piled on the agony.
This was further exacerbated by the index fiasco, some poor judgement calls and a period of un inspiring sales as the company transitioned from legacy business.
The company is only starting to see meaningful revenue for the diagnostics (ex covid tests) new platform with the major enhancements from ADOR yet to hit the market.
Telco systems has also transitioned to edge solutions and Edgility platforms which are now accepted as an industry standard. Again meaningful revenue is only starting to trickle in.
Cyber arm is developed and has already transitioned and as such is contributing "meaningfully" to the bottom line.

In this environment investors are not willing to buy for potential alone they want to see some results. BATM does not need to set the world on fire with sales only to demonstrate a gradual uptick and retain momentum.
Thats not happening to the degree investors want to see and the share price has crashed to these levels and will struggle until sentiment improves.

A reminder .... BATM has developed new technology to a marketable state with no dilution to shareholders. It's all been developed and paid from "in house".
They do not need to go to the markets for cash to develop or stay in business and that a pretty impressive safety net under the company and for investors at these levels.

Added links and Comment


As previously announced.
Telco systems is represented with Lanner and Cvedia in Spain


Telco systems presentation with Lanner and Cvedia is very much next generation and is very much an enhancement to current Edge solutions environment as it adds AI to the mix.
Those of you following these applications will know that this somewhat comparable to ADOR bolting on AI to advanced diagnostics platform which in turn does not just facilitate a diagnosis but matches it with a treatment. The synergies are starting to become more apparent.

Worth looking at Cvedia website. Its all about the edge.


also this from Telco systems explains just what it is they are doing. I am noticing a shift to 3 way partnerships to develop edge and AI operatives. You need the facilities of each technology to concert a result to allow the 4th name the client to make specific use of.


Posted at 01/2/2023 12:39 by echoridge
Kooba - I've a long-standing belief that Ador would need to be pursuing new capital around this time to fund their new generation, all-singing, all-dancing diagnostic tech, probably dating back to when BATM were showcasing it at the Milken Conference this past summer (source would have been a fellow shareholder who managed to attend or spoke to someone who did, but I can't recall). In fact, I believe I've written a couple times since then that one potential - though obviously less likely - event catalyst for our asset-rich, public valuation-starved share price would be a significant up round which blows well past the current, very modest imbedded valuation for Ador, but one where BATM also does not participate, allowing its current 38% to be diluted down to say, 25%. The result of that would be that the Company would save the cash for the buyback and investment elsewhere, but also end up with 25% of a much larger imputed valuation for Ador than currently, which could then have a real impact on the share price. Anyway, a girl can dream.
Posted at 17/1/2023 12:35 by echoridge
Bottom-line, I think the Company has left a hands-off mandate with Shore, though obviously can't know the precise mandate. On price however, I'm sure the essence of the mechanics are very much along the lines of what you've shared, so I would hope to see the Company back in the market (very) soon. Otherwise, we have to assume that Shore have more latitude on engaging in the market than I would have thought. On that other name, kooba, the price is getting pretty distressed. I think perhaps a 'net to the Company' of as low as 50m is circulating, which is around 15p and so there's still selling down here as that would leave you valuing the the core business at over 15p, which many are not willing to do without further info on STM, etc. However, that 'rumour' is so obviously the result, at least in part, of lots of smart guys working backwards from the share price and that share price is equally obviously massively impacted by LO's constant selling. Sooooo, because LO has been selling for some time for some time, I am continuing to believe (I'm in the minority big time on that, I realise) that this is largely the continuation of a major de-risking in the position that started last summer and does not reflect any view they may have, and certainly not based on any privileged info as some of the bears have suggested on the boards. Thus I think the share price has fallen too far. The 2 RNSs did one major thing and that was to increase liquidity in the shares for a few days and I reckon that's why LO accelerated their selling around those dates and so, I further think, that when these guys are done, the share price will bounce hard all things being equal.
Posted at 06/1/2023 10:42 by echoridge
yes, this is a long-time holding for me from the merger with the Great Bear assets and subsequent fundraise, so my in-price is pretty modest. I only started posting steadily again after the now infamous TU in late Dec as I reckon the news is positive on balance. Bears winning big time however, and there is a pretty big side-story in the possibility that you would be fighting a more co-ordinated bear effort than the odd 'pockstone' rocking up on the odd chat board. As of right now, you can pretty comfortably wait for 2-6 weeks to see if they secure their work-over rig for the current drill known as Alkaid #2, or just A2, clean out the well bore of its last 1/4 sand blockage and then meaningfully improve both flow rates and their hydrocarbon mix in favour of more oil, less ngls. Meantime however, it might also be worth having just a few here around 40p mainly bc of some combo of: yuge fall already that has absolutely been exacerbated by significant forced margin selling (primarily in the US believe it or not) which should be clearing up around today + the exaggerated fear around funding (ie., they can pretty easily raise, in my view, the 10-15m they need for their drilling of A3 around these price levels/down to 35p or so tomorrow if they wanted to + the overarching valuation upside of their massive, Schlumberger-confirmed OIP + that workover effort is more likely to work than not and they are about to begin a more aggressive PR effort to try and make the market understand that and clear up more of what they consider deep misunderstnadings reflected in the share price (of course that could backfire given their recent run of incompetence!) .....ugh, that was a bit messy, just like the share price. sorry
Posted at 20/12/2022 21:48 by echoridge
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.
Posted at 15/12/2022 20:18 by echoridge
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.
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