Batm Advanced Communicat... Share Discussion Threads

[nellyb] 16/3/2022 14:48

if the motion tomorrow is approved, then i presume the share buy-back can start as early as friday.

[the crypt] 16/3/2022 13:48

So the company is currently capitalised at circa £220million

[nellyb] 16/3/2022 12:00

I see the buyback programme as a tool to offset any holders forced into selling due to batm leaving the index on 21 march.

[nellyb] 16/3/2022 11:55

That is if they decide to buy the whole 44M.

[nellyb] 16/3/2022 11:51

The purpose of the Meeting is to seek shareholder approval for the buyback of up to 44,053,412 ordinary shares of NIS0.01 ("Ordinary Shares") in the capital of the Group (the "Buyback Programme"), representing 10% of the Group's issued share capital as at the date of this announcement. The Group has a strong balance sheet and the Buyback Programme, which would be funded from the Group's net cash, forms part of the Board's broader strategy to deliver shareholder value.

They will hopefully buy in every day, however if the share purhcases average a price of 50p then it will cost GBP22M +

[james dean] 16/3/2022 11:46

T C -

Yes wizz is often on the ball.

Another with info to share is FSE - this from his post above:

The purpose of the Meeting is to seek shareholder approval for the buyback of up to 44,053,412 ordinary shares of NIS0.01 ("Ordinary Shares") in the capital of the Group (the "Buyback Programme"), representing 10% of the Group's issued share capital as at the date of this announcement. The Group has a strong balance sheet and the Buyback Programme, which would be funded from the Group's net cash, forms part of the Board's broader strategy to deliver shareholder value.

[the crypt] 16/3/2022 11:30

Wizzkid211 - before I put on my blue sneakers - I want to congratulate you on this post. Informative and very helpful.How much will share buy back cost?

[wizzkid211] 16/3/2022 09:02

Summing up
While we empathize with investors who find debt concerning, you should keep in mind that BATM Advanced Communications has net cash of US$64.8m, as well as more liquid assets than liabilities. And it impressed us with free cash flow of US$2.3m, being 68% of its EBIT. So we don't have any problem with BATM Advanced Communications's use of debt.

[wizzkid211] 14/3/2022 17:16

I posted before but worth reading again...

[fse] 14/3/2022 16:21

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, gives notice that a General Meeting (the "Meeting") of the Group is to be held at 12:00 p.m. Israel-time (10:00 a.m. UK-time) on 17 March 2022 at the Group's registered office at 4 Ha'harash Street, Nave Ne'eman Industrial Area, P.O.B. 7318, 4524075 Hod Hasharon, Israel.

The purpose of the Meeting is to seek shareholder approval for the buyback of up to 44,053,412 ordinary shares of NIS0.01 ("Ordinary Shares") in the capital of the Group (the "Buyback Programme"), representing 10% of the Group's issued share capital as at the date of this announcement. The Group has a strong balance sheet and the Buyback Programme, which would be funded from the Group's net cash, forms part of the Board's broader strategy to deliver shareholder value.

[the crypt] 11/3/2022 13:42

Good point and well observed ..... may this return to £1.40 something

[paulisi] 11/3/2022 11:34

Good to see an upward trend this last few days.

[fse] 10/3/2022 16:29

I do agree that the shorter term drivers are Cyber and Edge Computing as these are developments/advancements that BATM made to allow them to start selling actual product/solutions that did not feature in the revenue in the past.
This is all on top of what they were doing.
Cyber has really hit the street running so to speak. BATM service the Israeli Defence force plus numerous bolt on applications to Edgility plus they have clearance to offer some of these solutions that were used for the government to be offered to commercial interests.
At this point BATM will sell off the Defence and Government business probably for a tidy sum and focus on what they can more effectively manage. Marom put a @2 year time frame on this.
In May they are going to introduce a new diagnostics platform utilizing RCA technology and this could be huge.

The Lombard Odier failure to disclose positions seems somewhat errant but like the share tracker fiasco its another piece of over hyped news IMO.
We might want to start concentrating on what the company is "actually" doing.
The rest will sort itself out and is a veritable side show.

[echoridge] 10/3/2022 16:25

Lombard own 28% of BATM, up by 1%.

[owenski] 10/3/2022 15:53

Latest LO holdings seem clearer, near 27% actual holding and possibly a smaller hedging short of just over 1%??

[wizzkid211] 10/3/2022 15:49

cease fire please, we are all here to make some dosh...!

[echoridge] 10/3/2022 15:07

A final addendum to fse's summary: the company has been doing more extensive institutional investor meetings post these results than they have in the past. The message that Zvi delivers in the recent video interview posted a few days ago is getting out to a more professional audience than ever before and the drivers for growth are cyber and edge computing.....

[echoridge] 10/3/2022 15:01

well laid out, fse

[fse] 10/3/2022 14:58

All friends on here I see this morning/afternoon your time.
There are many types of investors and traders so comments below are more from the perspective of those who research a company and then take a longer position.
I am principally one of those plus I range trade based on fundamentals.
Even pedestrian companies share price will rise and fall through the year by 20% to 30% swings sometimes higher. Thats how Buffet made his money.
So from my perspective this is whats happened and why the market got this one so wrong.

The fall in the share price was IMO the result of a perfect storm of misinterpreted events.

BATM was perceived as a Covid stock and the full nature of their business was not understood by many who just piled in. We were always going to drop a fair few investors as the momentum slowed and the end of the pandemic was in sight.

Momentum then really was lost as long term holders already had positions so whilst they were not rushing to sell they were not buying. That meant a painful walking down of the share price to find buyers. With trading volumes so low for an extended period of time the share price retraced to support levels @ 85p mark.

Covid restrictions hampered BATM they reported having troubles getting technicians on site and have a sizeable back log of orders that can be partially attributed to that. That was especially true for Telco systems and Celitron.

The technology sector in general has been very weak for a while now and BATM are hardly the only tech company to see their share price slide. Diagnostics companies have been particularly badly hit.

The FT Russell Index was an issue in previous years and it should have been sorted out. The market reacted adversely, some thought they were getting de listed. Investors feared they could not hold them in Tax free savings accounts. Index trackers would be forced to sell.

The rat was paid by someone to write an unsubstantiated false account of the company. The article if anyone looked at it, before it was withdrawn, was not only inaccurate but completely excluded that BATM owned Telco systems, Celitron and Celare. It was a farce but its timing was perfect and the effect considerable.
Its since been completely debunked and we have 2021 audited results.

None of the above events have any effect on how the company is actually doing and its offered up the shares at half price for those who want to look past all the background noise.

[echoridge] 10/3/2022 14:55

What is it with posters like you, nelly? Do you really think its enough to ask (a largely meaningless) rhetorical question and hope you can create some kind of confusion, or fear? I answered your 'question' twice already. It was a mistake by their compliance department and someone should be yelled at, but that's it. End of. The great news of a major institution increasing its stake is in no way diminished.