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[wizzkid211] 11/2/2021 18:12

BATM Advanced Communications Ld FTSE Nationality Review
February 11 2021 - 12:38PM
UK Regulatory (RNS & others)
TIDMBVC

RNS Number : 8693O

BATM Advanced Communications Ld

11 February 2021

LEI: 213800FLQUB9J289RU66

11 February 2021

BATM Advanced Communications Limited

("BATM" or "the Group")

FTSE Nationality Review

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, notes that in the FTSE Nationality Review of Companies published by FTSE Russell on Wednesday 3 February 2021, the Group's nationality was reassigned from the UK to Israel. This change, which is scheduled to take effect from 22 March 2021, was pursuant to rule 5.1.6 of the Ground Rules of the FTSE UK Index Series.

BATM is committed to maintaining its membership of the FTSE UK Index Series. As such, the Board of BATM, acknowledging the FTSE Russell rules in determining the nationality of an issuer, will investigate the available options for achieving this objective. BATM anticipates that this process will require 12 months. A further update will be made to the market in due course.

[fse] 11/2/2021 17:24

2.5m NIS traded on TASE ahead of LSE. Volumes here have moderated.
Does appear like a large seller in Israel has been in the frame.
Shares nevertheless have been getting mopped up. Not sure if we would get the same announcements from TASE as LSE declaring changed holdings over a certain amount.

One other observation is that BATM medical will profit from test kits for a lot longer than anyone originally could have predicted. The vaccine is clearly not going to get rid of testing as new variants have to be tracked down.

[wizzkid211] 09/2/2021 20:59

beergut

BATM is what you call an arbitrage share. Arbitrage is the purchase or sale of a share in order to profit from a difference in the share price between markets, the problem is for the private investor is the currency, only big punters that have both currencies can play the market and gain the spread that can be as much as 5%.

[beergut] 09/2/2021 19:14

Could there be anything to be gained by pushing the price down in Tel-Aviv and buying back in London?

[paulisi] 09/2/2021 19:07

Tel Aviv Stock Exchange

[fse] 09/2/2021 17:14

BATM has a dual listing on LSE and TASE (Israel exchange)

[fse] 09/2/2021 15:29

Certainly looks that way. Appears there is a large seller on TASE as I said a few days ago it tries to rally then cant hold onto it. Whatever the reason its getting walked around. Don't get shaken out as they say !

[wizzkid211] 09/2/2021 14:39

The price is held back due to TASE backlog from last week, once the backlog is clear the price should get back above a quid

[picsous] 09/2/2021 12:54

Seller waiting for higher price before dumping more.

[paulisi] 08/2/2021 13:46

Price moving back up. Seller gone??

[fse] 07/2/2021 18:44

Tried to rally on TASE with over 3m NIS traded. Ended the session down slightly.

[beergut] 06/2/2021 13:30

When are results due out?

[wizzkid211] 05/2/2021 20:43

HOMEBOY
Yes you are right old zvi is aving a larf all the way to the bank...just added 34m usd for the sale of NGsoft to the bulging cash mountain, some coming our way as a dividend very soon.

[unctuous] 05/2/2021 20:16

I’m guessing that this news has stripped away some of the Covid premium in the minds of some Israeli investors:


A new coronavirus drug which successfully cured 30 cases of the disease in Israeli hospital patients has been hailed by scientists as a ‘huge breakthrough’.

The EXO-CD24 substance was developed at the Ichilov Medical Centre in Tel Aviv and successfully completed its first phase of clinical trials on Friday.

[fse] 05/2/2021 17:04

Think you are probably right this time ;-)

[beergut] 05/2/2021 16:53

I added a few shares at the close, just looked like it was the bottom and it will bounce on Monday.

At this price there is either something wrong with the company or the MM wanted stock.I have gone for the latter

But I am wrong more then I am right.

[doccash] 05/2/2021 15:57

Also market makers may drop the price to trigger stop losses causing small share holders to sell and lo and behold institutional buyer gets an opportunity to accumulate Another possibility for silly price movements