Batm Advanced Communicat... Share Discussion Threads

[kooba] 18/6/2022 14:50

Howard Shore is no longer an executive of Shore Capital ..he is on the board..as is Dr Marom. So where do the conflicts start ?Howard Shore through his personal Puma Brandenberg is also a decent sized shareholder in ADOR along with BATM obviously.I doubt much of this is best practise ..but if all edged billionaire Howard Shore was to be an investor in a buyout vehicle I'm not sure on paper there's an issue.Look it's guess work , Zvi has connections through the Milken institute ..along with HS who is closely connected ...who might fund a buyout?Zvi owns 22% out right and the company is profitable and has cash in it ..wouldn't be that difficult to find funding backers i guess. But Zvi being on the board of its long term advisor broker and has been for many years is not that normal in the first place!

[car1pet] 18/6/2022 14:22

Landseer in my experience once a buyback is approved the appointed company get started. Its not possible to know where the bottom is. The company is paid to do a job and they get on with it. This buyback has been stopped by the board of directors and they should have issued an explanation. The buyback was approved at a company meeting and minuted. We don't know the reason for stopping the buyback. We should be told but clearly there are reasons.

[landskermichael] 18/6/2022 13:53

If the scenario that some are guessing , if shore are involved in taking the company private which might shaft shareholders , if this was true and of course its just one of many speculative scenarios , how can they be the company brokers and market makers , surely that can't be legal , and what about my suggestion that the reason the buy back hasn't started is because they are waiting for the market to find a bottom in this current crash

[pockstones] 18/6/2022 12:30

Listened to the FT journalist Dan McCrum who broke the Wirecard Fraud story it is on the Behind the Balance sheet podcast done by Steve Clapham well worth listening to.

[kooba] 18/6/2022 09:09

“Apologies kooba. Kookaburra was a predictive word.”

I don’t know , a loud , annoying critter sounding like they’re laughing from a distance ..may well be a better avatar.

Kooba was my Bengal of years ago when set up my account..a predecessor of the now Mowgli.

[kooba] 18/6/2022 09:02

LO with 28% definitely are a factor in any privatisation or change of listing sure. But they can appear somewhat random in buying and selling individual names at times . Like most they have a diversified portfolio and may well be keen to grab liquidity when it's offered as are maybe reweighting sector exposure..who knows.My guess would be Zvi (22%) , backed by wealthy individuals like Howard Shore trying to take it private to take businesses to more advanced level and float them back out at sector values in a few years once markets have stabilised and likely revenues of both sides of business improved. LO hopefully will be the one insisting that a price reflects value so could be attractive right now. Unfortunately Shore, his own company and Puma Brandenberg has used delisting as a stick to force out holders..again hoping LO are there to protect investors if any such shenanigans are brought into play.Would folk take 60p cash today? If the company's messaging is correct then the answer should be no...but we are in strange times.

[car1pet] 18/6/2022 08:42

I guess LO would take 50/60p as would I, so marom could buy it out at 50/60p and by not doing a buyback he keeps the cash on the balance sheet for himself which funds his buyout

[car1pet] 18/6/2022 08:38

Apologies kooba. Kookaburra was a predictive word

[car1pet] 18/6/2022 08:36

Kookaburra your points make sense to me.Regarding your point about "privatisation" it begs the question who?
marom is one possibility but LO is the largest shareholder and is an investor so unlikely to get involved in a buy out. LO will also want the share price to be as high as possible. I'm as puzzled as ever.

[kooba] 18/6/2022 06:45

Also whilst there seems to be a widely held assumption that whatever is going on must be a big positive one has to say that would not be something that is being mirrored in the stock market.
If there is a big positive that has been in the background for many months it seems odd that there is no leaking into the market just behaving in line with small cap techs ..if not slightly worse.
Again on others assumption it is a big positive beyond doubt just a question of how positive..one must reflect that there has been a sea change in stock markets and economic outlook in the past few months and whilst the underlying markets BATM serve may well weather an economic down turn well it could impact on certain jv’s ,orders or corporate deals that were in the offing. In particular any move to nasdaq listing or demerger into separate listing for Telco systems must be on ice at best i would have thought.
If there is no certainty in anything material corporate or operational not in the public domain then the company would not be restricted and could recommence the approved buy back forthwith.
I doubt following upbeat full year comments and strong order book that there is any trading negatives that has transpired yet or any loss of business ..so likely no negatives as that would have had to be released without any delay certainly not sat on for months!
This again leads me back to regulatory, not necessarily a negative but something to deal with and get the buy back restarted.
There is also the privatisation thought ..now that could take some time to put together and to be fair they would not want cash out the business and would likely want the shares as weak as possible before making a move…it would also maybe explain general radio silence and lack of shop broker comment..last i saw was pre results in Feb.
These are thoughts , opinions and not facts , but trying to make sense of what could be going on in the background..so treat them as such.

[car1pet] 17/6/2022 22:56

When a share is behaving the way batm has behaved over the last few months, IMO hoping technical signals are telling you something is clutching at straws. The company has an issue and tech signals won't apply I'm afraid. We need to wait for the company to resolve its issues whatever they are.

[fse] 17/6/2022 21:49

LATEST TECHNICAL SIGNALS
Alert
15 June BATM Advanced Communications Ltd
Bollinger Bands indicates that the price is low.
Price crossed below lower Bollinger.

15 June BATM Advanced Communications Ltd
Volume indicates a strong interest in the instrument.
Volume has risen 30% more than average.

15 June BATM Advanced Communications Ltd
Stochastic indicates the instrument is oversold, and has increasing interest.
Stochastic around 20, and increasing volume.

[fse] 17/6/2022 17:02

Yes there are some very obvious possibilities but to date No Mars bar !

[echoridge] 17/6/2022 16:47

We don't know, fse, but we can make a pretty good guess at this point.

[fse] 17/6/2022 16:36

The whole situation is beyond absurd but then the markets often are. The tech collapse in 2000 saw many babies thrown out with the bathwater did not matter what they did or how they were doing.
Once again investors are dumping tech stocks first when they are actually the one thing the economy has going for it.

As this board has demonstrated no one (me included) has the faintest idea why the buy back was held up or not initiated. BATM is a well funded company in high growth areas particularly with Edgility and Cyber as I have said they ought to be defensive plays.

[echoridge] 17/6/2022 15:52

The company is certainly locked down. Since Shore Cap is similarly shtum and given the length of time since they last published anything on the Company (in some ways, this is an even better data point than the time gap since the buyback was approved, as a guide to the idea that a deal of some sort is in the works), my base case is now that this general radio silence is more likely some kind of M&A, rather than a major contract. I really don't think this can continue like this for much longer. Surely

[kooba] 17/6/2022 15:33

Who did you address to and how long ago to warrant the comment...having asked that I was not entirely expecting a reply but it still might , from a number of shareholders make them consider the position. I'm hoping!

[wizzkid211] 17/6/2022 14:57

Any one writing to BATM, don't waste your time you will not get a reply!

[landskermichael] 17/6/2022 13:57

If a company is planning a share buy back is it not advantageos that they buy back the shares as low as possible , short term pain long term gain and all that jazz

[dds14] 17/6/2022 12:42

It was above 80p in January...

[kooba] 17/6/2022 12:12

It might well be extremely value enhancing repurchasing lumps like last nights print at current levels benefitting longer term remaining shareholders..are they inexplicably missing a very good opportunity to fulfil that long term value enhancing strategy..and if so there should be an understanding of the reasons.

[kooba] 17/6/2022 12:08

I have written to the company today seeking some clarity around the buy back for shareholders. I feel there is price sensitivity around a 10% buy back as announced and approved and if they are not going to implement it they should inform the market whether there is a delay in progressing it and when /if shareholders should expect the continuance of the agreed buy back on any particular timescale. There could be sensitivities around any corporate transaction or even any regulatory issue but we are now 3 months since approval and have purchased 200k out of 44M and it is quite reasonable to ask for an update.

[mcmather] 17/6/2022 11:23

The proposed buyback “forms part of the Board's broader strategy to deliver shareholder value”.

It was passed in the general meeting 17 March 2022. Closing share price that day was 50.7p.

Current share price is 34.3p.

32.3% lower.

Anybody have a clown emoji?

[kemche] 17/6/2022 10:19

Duncan, Is it a normal occurrence in your country for a lady to be called Duncan?
Certainly novel.