Batm Advanced Communicat... Share Discussion Threads

[cumnor] 11/2/2022 09:34

Another good example of Boris's tech/biotech friendly UK investment environment. And look at ODX this AM-guess who is buying their UK manufacturing LFT facility, which was supposed to be at the forefront of BORIS's fightback against Covid to save the UK and world in 2020, for pennies.

Zvi is correct re the UK investment environment for tech. Happier if he moves to Nasdaq-less anti Israeli and more tech friendly to tech than the UK

[jimmywalkden] 11/2/2022 09:24

With regard to BATM's exclusion from the UK All-Share Index and other Russell Index UK tracker funds, it worth remembering two points.

Firstly most large fund management companies will simply perform an internal transfer to another fund they offer, so instead of being part of their UK all-share tracker fund they are added to their overseas growth opportunities fund or similar. In these cases no sales actually hit the market.

Secondly, and perhaps of more significance is that the reclassification may now include BATM shares within the scope of many other funds where previously they were not, resulting in some buying on the market. There are thousands of funds available across numerous fund management companies.

Index tracker funds as the name suggests only include shares on the qualifying list and in the proportion the company value makes to the overall value. So the Vanguard UK All-share Tracker invested around 0.01% of the fund in BATM shares as an example.

As I said in an earlier post I believe that key moving forward is seeing the advances made to the bottom line. A healthy increase here with clear guidance of much more to come will attract active fund managers who currently do not hold BATM in their managed funds. Remember these managers are ranked against their peers and their funds are ranked similarly and this is important in attracting new customers for them. When the bottom line shows a healthy increase so will the share price and many managers will be attracted to buy the shares. Importantly they are not restricted in quantity simply how much they think the share will improve their fund results, I believe over time this will more than compensate for the losses due to reclassification.

[wizzkid211] 11/2/2022 09:15

I know for certain that the exact no. is unknown as the big fund mangers shift shares from fund to fund, but the answer must be around 3 to 4%

[kooba] 11/2/2022 09:12

They were given 12 months notice and could have worked out they still didn't meet the criteria however..."Shore Capital, BATM's broker, has begun an audit of the shares currently held by tracker funds that will need to find new homes."Better late than never with that much notice i guess!

[kooba] 11/2/2022 09:08

FT todayBryce ElderZvi Marom, one of the London market's longest-serving chief executives, has more reason than most to doubt UK claims of friendliness and flexibility around technology listings. Marom floated BATM Advanced Communications on the LSE in 1996, rode the Israeli-based network and medical equipment maker to a £3bn valuation at the peak of the dotcom bubble in 2000 and within three years gave back 99 per cent of it. Before and since, his company has been a fixture in FTSE's UK All-Share and Techmark indices. That was until last February, when index setter FTSE Russell said it was reclassifying BATM from British to Israeli because too many shares had been traded in Tel Aviv, its dual-listing venue. The company wanted to remain in the FTSE UK index series so was given a year to find a workaround. Plans under consideration were said to include a break-up and multinational relistings that would need shareholder and regulatory approvals. So in January, with the deadline looming, BATM told investors it was requesting an extra 15 months to finish the job. City Insider hears that BATM's public statement was made at FTSE's request - even though FTSE's rule book offers no provision for extensions. A nationality review published last week confirmed that time had run out, rules were rules, and BATM would be redomiciled. The stock will continue to trade on LSE's premium segment but from March it will no longer be UK-indexed. Company insiders saw no chance of a reprieve and have been looking to New York, which has no similar issues with dual-listed stocks. Shore Capital, BATM's broker, has begun an audit of the shares currently held by tracker funds that will need to find new homes. Marom said he was "puzzled" by the decision. "A lack of pragmatism and blindness to the possibility of market disruption is fast becoming a deterrence for good foreign-domiciled companies to list on the LSE," he explained, "especially when other bourses do not have such draconian rules

[the crypt] 11/2/2022 08:21

What percentage of the shares were held in portfolios invested in the index that BVC will no longer be part of?

[wizzkid211] 11/2/2022 08:18

CRYPT The answer is yes, still be listed in the uk as before...

[the crypt] 11/2/2022 08:14

Will BVC still be trading on the UK markets going forward - is this a case that it will not form part of an index, but will still be a listed share on the uk market?

[wizzkid211] 11/2/2022 07:49

There is a strong case for an increase regulation in the industry especially for those who use smear campaigns or "reports" and i think that short traders are unethical.
It seem harsh on long-term investors that the value of their holdings can be decimated in days or hours, but it can also open opportunities to invest at attractively low levels and that is BATM case today.

[wizzkid211] 10/2/2022 21:49

Thanks FSE...

[fse] 10/2/2022 18:40

Another point worth making is that fund managers can normally switch holding amongst their various funds. A portion of holdings that would have to be sold likely be switched to another non tracker fund they manage. So that 3% is starting to look less significant.
Someone already mentioned this not sure if it was on here.

[nellyb] 10/2/2022 17:50

Globes article ....."Sources close to the company say that the funds that have to sell BATM shares as soon as it is removed from the FTSE indices hold a little over 3% of the company; that is to say, the fall in BATM's share price is sharper than the direct damage that should be caused by its removal from the indices".

[wizzkid211] 10/2/2022 17:31

hxxps://en.globes.co.il/en/article-batm-time-for-a-split-1001401212

[wizzkid211] 10/2/2022 17:28

Time to move to Nasdaq?

It may be that the fall in its share price and the blow dealt it by the London Stock Exchange, which wants only British companies in its official indices, will make the company reconsider where it should be traded. The London Stock Exchange seems less welcoming than in the past, and the company's complicated structure (consisting as it does of a bio-medical division and a networking and cyber division that as time goes by is responsible for a diminishing proportion of its business, the opposite of the situation in the past) causes confusion among its traditional investors. It's possible that it would be better for the company if it were to split, and then the logical place for the networking and cyber division would be Nasdaq, while the bio-medical division might be better off in Tel Aviv.

[tradeterminator01] 10/2/2022 15:45

Resistance1,

Agreed, I feel like there should be some kind of regulation in place to stop these false accusations. But then again, regulating such practises would prove very difficult. You have to rely on the intellect on investors such as ourself in order to fact check such reports.

[emeraldzebra] 10/2/2022 15:13

Many thanks FSE. As ever - most helpful, reasoned and informative.

[fse] 10/2/2022 14:51

Telco systems has once again been referenced as one of the companies to watch for with "Edge computing".
I have seen them listed as a front runner in other trade mag reviews.
Its a huge market and quite honestly the systems of tomorrow will not run without it.
Edge computing reduces latency and allows applications to run in live time.



Telco Systems
Position in edge value chain: Edge Cloud Infrastructure (Edge aggregation & orchestration;Operating system;Virtualisation & containers)
Notable achievements in 2021: Telco Systems added Cemex, one of the world’s leading construction materials companies and e-Qual, a global Managed Services Provider as customers. Telco Systems debuted Edgility, an all-in-one software platform for edge computing that simplifies the deployment, management and operation of services to multiple customers across thousands of edge devices and multiple sites.
Ambitions for 2022: Provide a unified platform for edge computing for enterprises, MSPs, and SPs to simplify the deployment, management and operation of new workloads supporting new business models. Telco Systems will introduce Edgility Extend that enhances Edgility’s capabilities by adding computing power at key points close to the data sources.

Added comment: They did miss PCCW global under notables.
Also Edgility have a dedicated website now. Things are hotting up and as these wretched restrictions are dropped they just might complete some business

[fse] 10/2/2022 14:44

>emeraldzebra.... fair query as the report is out there in the public domaine.
I agree with wizz and others its complete rubbish.
BATM do publish "audited" results also they do actually have the money in their accounts so they had to have made it somewhere unless the senile rat thinks someone gifted it and the dividend money to us all.
As has already been pointed out by myself and others the report did not realize they owned Telco systems outright and free of debt, not even mentioned.
I also agree its hard way too much airtime.
Audited results are available for those who need re assurance and thats why they are published and audited.

[emeraldzebra] 10/2/2022 14:25

Thanks also resistance1.

[resistance1] 10/2/2022 14:09

Emerald. Whizzkidd echo's my analysis. The dodgy report had had far too much airtime. The funders of the report are shorters. Should be made illegal to produce fake info like this, seems far too easy. We now need to move on and concentrate on the financials soon to be issued.

[emeraldzebra] 10/2/2022 13:49

Ok - thanks vm Wizz.

[emeraldzebra] 10/2/2022 12:54

Apologies to all concerned for raising it again - but feel important to do so.