Batm Advanced Communicat... Share Discussion Threads

[nellyb] 10/3/2022 14:50

So now the country's largest fund mangagement group informs the market of their holdings, for the second time in space of 3 days, two months after it occured.

[echoridge] 10/3/2022 14:39

You really want to do this, Ls? Really?? Ok, I'll bite. You were wrong then because I called this mouth breather an idiot because of his patently ridiculous and transparently provocative gibberish post about how a CFD position was somehow 'evidence' that Lombard were shorting the shares (!) and was in financial trouble (!?!), and NOT anything to do with the share buyback. You are wrong NOW for screeching a bunch of meaningless swear words at me, I guess maybe because you don't like to be corrected or maybe just because you're a baddun. Either way, I could care less

[echoridge] 10/3/2022 13:06

Ha! I've just seen the new RNS, but still: What. are. you. talking. about....? I never speculated on any of the changes in the new RNS. All I said is that it is clear that LO increased their stake and that's that's all that's really relevant

[echoridge] 10/3/2022 13:04

What. are. you. talking. about. now....????? pretty please in English

[gbenson1] 10/3/2022 13:02

Well that RNS throws a totally different light on it, how did you know in advance of the RNS echoridge?? Are you on their payroll!!

[wizzkid211] 10/3/2022 12:52

The rat knew that the nationality review would for certain create uncertainty in the market so he jumped in with a "phoney" note, and the rest is well known...

[echoridge] 10/3/2022 12:39

oh, and how can I have forgotten: 5. the decline from 120p - aside from the phoney short note - was coincident with the Company's ridiculous battle with the FTSE nationality review and the latter's truly baffling decision to withdraw BVC's eligibility in the FTSE Russell index. So it was those 2 things, plus a terrible market for smaller caps in the UK, that are your 'reasons' for any excessive decline in our share price and not anything to do with Lombard or CFDs.

[the crypt] 10/3/2022 12:10

You know your stuff

[echoridge] 10/3/2022 12:02

nelly and benson - Under the assumption that you are legitimate posters, but just a little bit ignorant on certain matters, let me try and summarise what I think the problem(s) are here: 1. there is absolutely nothing unusual or suspicious about large funds like Lombard using CFDs. This is NOT a case of some punter down the pub getting leverage from a dodgy spread betting firm and then having to panic out of his position to meet a margin call. LO and others like them use CFDs all the time; 2. I admit I didn't notice the late filing. This is a breach of protocol, but unfortunately not uncommon with large institutions, particularly in this country. It is one of the reasons Companies have to be especially vigilant to use private services to constantly review their ownership structure; 3. Despite this mistake however, the bottom line - again - is that the Company's largest shareholder has been ADDING to their position while others - very possibly some short sellers on the back of the now patently discredited 'shift rat' piece - have been selling. This is (very) bullish as I've said; 4. I explained in a previous post how the share buyback will work technically. It is not complicated and should not be represented that way. All that will happen after approval (and btw, there is NO risk that it will not be approved, so forget that one as well please) is the Company, through an agent, will be present most days in the market like everyone else, with clear restrictions on how many shares they can buy relative to the day's volume and at what price. So to answer one of things one of you screeched at me earlier, the buyback is BY DEFINITION open to all shareholders equally. If you want to sell your shares on any day during the buyback, you will have a better chance of doing so and at a higher price because you know a major buyer will be in the market bidding for shares every single day. They will NOT, as your screech implied, be going to a single shareholder, like say Lombard, to bid exclusively for a block. Not how it works.

[echoridge] 10/3/2022 11:36

nelly - I don't know. Maybe their compliance department neglected to report it expeditiously. If so, they should be knuckle-rapped for sure. The bottom line remains the same

[echoridge] 10/3/2022 11:28

nelly - ???? what are you even talking about? the fall from 120p is down to whatever it's down to. It has nothing whatever to do with this 'conversation' about Monday's RNS that Lombard have increased their stake. That was an undiluted positive, plain and simple, that's all I'm saying.

[nellyb] 10/3/2022 11:25

So also why did the country's largest fund mangagement group now only just informed the market of their new holdings when it happened in january?

[nellyb] 10/3/2022 11:20

It wasn't a minor issue to those who bought at 120p and then saw the shareprice slowly drip down to these levels.

[echoridge] 10/3/2022 11:16

Oh and by the way, you can add share buybacks to the list of things you don't understand

[echoridge] 10/3/2022 11:11

Sure and the financial institution that extended the CFD did so completely ignorant of Lombards 'financial trouble'. Good thing you're here on an anonymous message board to educate them.

[gbenson1] 10/3/2022 11:04

I love your reverse logic, the swap to CFD is the major issue, Lombard Oh Dear are in financial trouble in the trading division and need all the money they can get, YI!!

[echoridge] 10/3/2022 10:58

Lombard Odier is one of this country's largest fund management groups and the fund within it that holds this position is near as dammit the country's largest small cap fund. The fact that they were able to move a large part of their holding to a CFD/swap is a minor issue, relative to main news, as I said above. But if you really want to focus on that, here's the thing: it's a (potential) further positive. Big fund managers and hedge funds are constantly looking to get their lenders/prime brokers to take long-term their holdings into structures like CFDs in order to free up a bit of capital to make other investments; that's just good capital management for a large financial institution like LO. However, the fact that they were able to do so in the first place with their BATM holding likely reflects their bank's/prime broker's acceptance of BATM's bone fides as a safe and promising investment, as well of course of LO's financial health.

[echoridge] 10/3/2022 10:48

I never said anything about how their position is structured, because that isn't what's relevant here. What's relevant is that they increased their holding by 1% to 28%, which is tantalisingly close to 30%.

[owenski] 10/3/2022 10:41

Thanks for the answer. So your saying then that the bulk of that 28% is a leveraged long position??

[echoridge] 10/3/2022 10:40

I apologise for calling you an idiot. That was harsh. You could easily be a child

[echoridge] 10/3/2022 10:37

owenski - no, there is no short position. Everything is long. they own 28% of the company. gbenson1 - you wrote words. that's the best thing I can say about that post.