Batm Advanced Communicat... Share Discussion Threads

[tiger blue] 06/7/2019 12:42

Hi FSE - not a biotech expert though I have a lot in via Syncona (fabulous company by the way) but I think it will be extremely difficult to get a meaningful valuation on the biomedical division for 2 reasons.
1. The division, founded from scratch not that long ago, is still very immature. The BATM 2018 presentation quoted global mkt size for molecular diagnostics at $7.75 billion and rapid tests $20.4 billion, both growing rapidly, but that doesn't really help us guestimate what BATM sales might be. I think we need some more actual sales figures built up, perhaps over a year or two, before projections are meaningful.
2. The medical diagnostics is partly machine, partly reagent. You could argue that you should be taking a software valuation approach as much as a biotech one.
As for the animal rendering bit, that's a brand new approach to an old problem and again very difficult to get a peer group comparison.

Certainly the investment valuation is a comfort as that was actual cash put up so I think we can all agree that whatever the correct valuation, it's not currently reflected in the share price.

Off topic, interested to see lump of 470,000 going through Friday at 42.5, hopefully clearing some overhang.

[fse] 05/7/2019 15:57

It’s unfortunate that we don’t have a bio tech investor on this thread that can throw some light on the medical division. ????
If you use the Egens investment valuation for their stake then the medical is worth more than BATM in its entirety putting Telco plus cyber in there for nothing !
Any views on this. It’s outside of my research range.... I dont normally invest in bio tech.

[gbenson1] 05/7/2019 10:38

Oh no the bots have arrived, seems to be holding on to the 42p handle, mms trying desperately to keep bid above 41.9p.

[bamboo2] 03/7/2019 20:45

Big M Double top has completed to target price [42] over last few sessions.
Expect some consolidation at this level.

[gbenson1] 03/7/2019 16:14

Don't wish to offer buy or sell advice, my gut feeling due to the sell volume is, wait a while see if we dip below 41p then reconsider!

[car1pet] 03/7/2019 16:10

So now the price is below the offer price of 42.5p. Is it time to buy or has it got further to fall?

[tiger blue] 02/7/2019 16:45

reeltime - thanks for link. First post here as I am a now retired broker but have been involved with BATM for nearly 20 years and met Zvi many times when he was doing the rounds post results. I hold 500k average 17p so well on the right side though have also suffered through the sub 10p times. I noted the very positive statement with the finals and drift down post the placing, so topped up 100k this morning at the same 42.5p. Only mho but I regard Zvi very highly for both vision and integrity, as well as plenty of skin in the game with his shareholding.
I would expect a demerger of the biomedical division at some stage when more established as no particular synergy with networking/cyber, but both divisions hold great potential and I don't feel the share price currently reflects the very decent prospects and quality/size of their customer base.

[reeltime] 29/6/2019 22:34

Interesting interview; "it's all about acquisitions and the up and coming 5G 'tsunami'".
BATM gets its teeth into 5G
11:27 28 Jun 2019

Following this week's BATM Advanced Communications Ltd (LON:BVC) US$18mln raiser through a placing to support the development of its technology, CEO Zvi Marom talks to Proactive Investors London. And it's all about acquisitions and the up and coming 5G 'tsunami'.
Marom says the company will put out 33.2mln new ordinary shares at a price of 42.5p each, representing 7.6% of its enlarged share capital, as part of the fundraise. In morning trading on Tuesday.
Zvi says the net proceeds will be used for advancing the NFV projects and for new products and use case development for 5G networks, which it believes is a "key growth area” for the business in the “short to medium term”.
The funds will also enable BATM to pursue potential acquisitions in networking and cyber.
"This is an exciting time for BATM with great progress being made across our business units, and particularly with our NFV activities and molecular diagnostics," said Marom.

[fse] 26/6/2019 22:21

Thanks thats about as much as I came up with. I was keeping an eye out for a new large investor perhaps we will find out when the dust settles. Also there appeared to be a persistant large holder selling in small lots for quite a while now, and who is still selling. Shares seem to be getting taken up though trading share wise I sold out at @52p average and bought back in the 44p to 48p range so missed the best highs and lows. I maintained all of my longer range holdings and am positive for the medium and longer term. Immediate period hard to call until it calms down ;=(

The other observation would be that after the admittance to trading of the new shares there appears to be an amount less than 20% of issued shares available to other investors. To be honest that estimate might be high. If this is the case we can expect to see a very volatile ride in the share price which shorter term does not refelct what is happening on the ground.

[bamboo2] 26/6/2019 20:51

FSE, FT have this....

Lombard Odier Asset Management (Europe) Ltd.
AS OF 29 MAR 2019
101.11m 25.04%
Legal & General Investment Management Ltd.
AS OF 20 DEC 2018
27.24m 6.74%
Herald Investment Management Ltd.
AS OF 31 DEC 2018
23.91m 5.92%
Hargreave Hale Ltd.
AS OF 31 JAN 2019
16.41m 4.06%
Polar Capital LLP
AS OF 31 DEC 2016
13.61m 3.37%
River & Mercantile Asset Management LLP
AS OF 30 SEP 2018
4.29m 1.06%
Miton Asset Management Ltd.
AS OF 28 FEB 2019
4.00m 0.99%
Vanguard Global Advisers LLC
AS OF 31 MAY 2019
1.37m 0.34%
BlackRock Investment Management (UK) Ltd.
AS OF 31 MAY 2019
1.28m 0.32%
Techinvest Ltd.
AS OF 31 JAN 2019
1.00m 0.25%

[fse] 26/6/2019 16:29

Anyone got a list of current large shareholders ?

Shareholders
Name Equities %
Lombard Odier Asset Management (Europe) Ltd. 96,956,168 24.0%
Zvi Marom, PhD 96,694,500 24.0%
Legal & General Investment Management Ltd. 27,236,306 6.75%
Herald Investment Management Ltd. 21,906,992 5.43%
Hargreave Hale Ltd. 18,989,577 4.71%
Polar Capital LLP 12,054,209 2.99%
River & Mercantile Asset Management LLP 8,521,398 2.11%
Miton Asset Management Ltd. 4,000,000 0.99%
Gideon Chitayat PhD, MBA 3,000,000 0.74%
Techinvest Ltd. 1,072,698 0.27%

[fse] 26/6/2019 15:46

Cant really add more than yesterday. The share price has retraced to the placement levels which is typical. I would rate these as a very strong buy at these levels and have followed through myself although I suspect a few will want to wait until they have decisively bottomed out.
The prospects for the company are better than ever so this does represent a buying op. Would be interested to see what some of the analysts make out of this.
Company broker has already commented that BATM Telco will beat market expectations for the year with several upgrades to those targets anticipated.

[car1pet] 26/6/2019 13:58

3 trades of 500k sold today at 42.5p.

[vago] 26/6/2019 10:50

Very happy with my investment in Batty,excellent management, great potential,I see £1 with 2 to 3 poss in the mid to long term.

[gbenson1] 26/6/2019 10:46

Still further to drop if the sell trades are anything to go by, I would consider any buy below the placing price of 42.5p as a good one.

[emeraldzebra] 26/6/2019 10:33

Volsung - stable doors and horses spring readily to mind. In terms of the Co's prospects, it is difficult to see what has materially changed -- as others here point out. Surely now is the time to BUY after a decent 20 percent fall away ?

[miti 1000] 26/6/2019 10:14

I imagine that volsung only likes share prices to go up all the time.
In reality, nothing much has changed apart from the share price falling after a strong run.
BVC have always made it clear that networking revenues from ARM partners won't really flow thru till mid/late 2020 so nice to see them raise capital to advance that opportunity. The only surprise is that they chose to raise so little imo.

[mr hangman] 26/6/2019 10:05

Volsung, not really sure what you are upset about ?, this happens all the time

[nellyb] 26/6/2019 09:42

volsung, if you are trader I don't blame you.

[car1pet] 26/6/2019 09:36

Close to 42.5 it will be interesting to see if it starts to climb again. Armed with the xtra cash hopefully Zvi doesn't plough it in to yet more R&D. He needs to focus on selling the products and increase revenue and profit so he can start paying a divi.

[volsung] 26/6/2019 09:06

Sold up. Disgusted at the shennanigans here. PIs have been taken to the cleaners by those in the know

[bamboo2] 25/6/2019 22:48

Looking for an eod close above 45.8 to confirm a reversal pattern.

[spekky] 25/6/2019 17:27

FSE your 15605 post....

I'm getting some of that rancorous feeling now,it's obvious those in the circle were
getting out to get back in cheaper today.......the private investor gets screwed again......things never change.

[fse] 25/6/2019 17:02

Its a slightly tough call for investors. The share price was probably due to retrace off the high spike and settle around 48p without this announcement but it appears that one of the large holders knew about this and drip sold into the market in 10,000 lots and caused it to weaken further to close to the placement price.
The markets appear to have swallowed the 42.5p placement value which encouragingly they got away with little effort so the takers are convinced of the potential as they would likely have been given the inside track. I don't have any problems with that because at some point if NFVTime was as useful as we thought BATM were going to have to either raise money or give away stakes in the company.
Existing Investors have a smaller piece of a larger pie as the funds are being used directly in avenues that the company want to see pushed through to full commercialisation... its 6 of one half a dozen of another if you like pies ;-)

The other catch 22 for BATM is that they are listed in GBP on the LSE and the likelihood of Boris Johnson being forced through to PM and the UK crashing out of the EU is now a real possibility. So there is a huge currency risk, for example the $CAD has gained some 7% to 8% recently against GBP. A collapse of some 15% further is anticipated so its a very real concern.
The flip side is that BATM are $USD earners and report in $USD so hopefully the markets will adjust for this disparity but it might take a while.

On balance as I said I have re invested my trading shares. JD said as much with a lot fewer words .... thumbs up !