Batm Advanced Communicat... Share Discussion Threads

[resistance1] 01/7/2022 12:55

Another thought to ponder. Under what circumstances would a PR blackout be instigated to potentially impact share price in a negative way. Would this apply to an acquisition or JV. Not sure. In this scenario a bolstered share price would surely help the process? With a disposal surely the same would apply -- potentially increasing the sale price? As you can see I'm floundering! Carpet's suggestion of taking a division private would be helped by artificially hampering share value -- but surely this would be considered very sharp practice?

[car1pet] 01/7/2022 12:55

In my experience when a takeover is being discussed there is an announcement that Company X is in discussion with company Y but no agreement has been reached. This usually results in an uplift in the share price. Given this hasn't happened that is why I'm of the view that it is a private buy out and negotiations are taking place behind closed doors and if a deal is done the first we will know is when it is announced and we are told what share price has been agreed. The negotiations would be with LO, Herald and Marom the major shareholders. Although PI's account for 30% we don't get consulted

[kooba] 01/7/2022 12:45

I'm thinking much less likely a regulatory issue as time goes on , think they would have clarified by now and found a fix in a capital reorganisation to facilitate buyback. Not sure that would have necessitated a blackout on operations either , we are obviously looking at extended timeframes that could be allowing talks to finalise with external partner on a jv or sale of division. It could be a buyout of all or part of the company , but if management were involved they would have to be declared separate from board discussions by now surely as there would be an obvious potential conflict. Must say in a fair few years in equities not seen such a protracted period where there is an information void around something that is clearly going on in the background preventing a company from fulfilling shareholder approved strategy ie the buyback.

[resistance1] 01/7/2022 12:31

Echo: your scenario of a potential acquisition would fit with the Company's seeming wish not to use reserves on the approved share buy back. Another reason maybe a JV for Telco which requires both parties to pump some cash in. Whatever the reason, 3-months of serious PR radio silence and stalled buy back is about as much as the market and shareholders can take.

[echoridge] 01/7/2022 11:51

Ha! I think you’d better extend the expected period for not getting a reply to that email to around forever

[car1pet] 01/7/2022 10:25

I've just emailed Yair Linveh the company secretary for a statement on the status of the company vis a vis a possible private buyout of the Bio division and sale of the Telco division and why there has been no progress since April on the share buyback.
Its a public holiday in Israel today, I believe, so not expecting a response today

[echoridge] 01/7/2022 09:33

quick caveat to that: If, on a Friday or Sunday, something were to leak in the press say, or a major event closed and there was a reasonable fear of a leak, then the Company may indeed be forced to make an announcement, but in that sort of case, I believe management would request the shares to be suspended until both markets are open.

[echoridge] 01/7/2022 09:27

again, nothing possible today. Or Sunday for that matter. Zero chance Company would ever make a significant announcement when one or the other stock markets are shut. Still, its getting long in the tooth. My vote on the reason behind the delay is still a potential acquisition. I think that possibility covers these circumstances (length of radio silence, market conditions where potential public targets may be suffering steady, declining share prices, and the radio silence of the broker/advisor) the best.

[car1pet] 01/7/2022 09:17

Well first half of year has ended and no announcement - no surprise there.

[echoridge] 30/6/2022 23:55

no significance. If there's no business in the auction, then the close is just the mid price at 4.30. Happens all the time, though not often in the past 6 months in BVC it's true.

[car1pet] 30/6/2022 19:05

Is there any significance in the trading day ending without an Uncrossed trade?
I thought every share had a UT at the end of the trading day but I'm no expert. Anyone know?

[nellyb] 30/6/2022 17:08

zvi did talk about selling off the cyber division sometime in the future but everything else is pure speculation. for those who speculate on this fred, is there a particular source or just something you fancy to happen? sorry in advance if i have missed something important.

[resistance1] 30/6/2022 15:12

JD: My response was to Carpet saying it was TRUE BATM could release news on a Friday but unlikely. Interesting trading today volumes up, large trade (vol 247K shares) recorded as a Unknown but delayed reporting. So likely a Buy for that time period.

[fse] 30/6/2022 15:02

Marom/BATM do have plans to spin off the distribution side and Cyber whilst retaining the pieces they want.
There was a lot of speculation that Telco would be sold but Marom has recently highlighted the synergies with edge solutions that empower modern medical diagnostics
Again one can never say never but it was not planned to unload telco.

[james dean] 30/6/2022 12:51

r1

Have you read somewhere or have proof re your True statement?

[resistance1] 30/6/2022 12:34

True. But with the dual listing it could be considered very unfair to shareholders on the one that was closed. Especially if the RNS caused a massive re-rating.

[sandy789] 30/6/2022 12:21

May I ask if there is any basis for this view that Marom is keen on buying out the bio side. Or is it pure speculation.

[car1pet] 30/6/2022 12:17

Resistance1 today is the end of H1 FY22. Tomorrow is start of H2. They will need an interim report issued in August. They could report the situation tomorrow if they wanted to.

[resistance1] 30/6/2022 11:40

If no RNS this afternoon there will of course be none tomorrow with TASE closed. Next stop Monday...

[car1pet] 30/6/2022 11:30

I'm getting frustrated with the wait. If we are all being paid off so Marom can pursue his private purchase of Bio the time has come to do it. The market has dipped and I could use the money to buy. JFDI

[fse] 29/6/2022 16:22

Car1pet. I said the company is fundamentally valued @80p
The IP is a matter of what it’s worth to someone. BATM is unusual as it’s largely a R&D company it has no plans to manufacture or distribute large scale.
In spite of this BATM. Is profitable financially secure no debt and develops its IP. With mo dilution to shareholders

That’s why ST and I value the company similarly.
As I posted some time ago I had shares in genmark diagnostics that made no money yet was taken over for @1bn. I held both companies and I would say BATM IP is more extensive and potentially more valuable.
There are 2 heavy hitters in BATM. IP Edgility in telco and the RCA platform with Ador
2nd stringers Celare cyber guard and celitron Agricultural ISS. No mean contenders.

[car1pet] 29/6/2022 15:45

FSE the simple truth is the shares are trading just under 35p today. To still believe they are worth 170p just cant be the case. Bio is $112m revenue and Telco is $20m. Marom's personal interest is Bio. You can tell that is the case by the way the AGM was handled. Marom is the CEO and should have had a a business director presenting each business but he presented the Bio business himself. I don't know what is going on inside the company but all I know is it a small company which shouldn't be difficult to manage but there appears to be a significant issue.
I'm hoping that there is an internal squabble over Bio and Telco and eventually Marom will take his Bio business private and sell telco. I'll be happy with 50/60p per share.
170p is for the birds

[fse] 29/6/2022 15:18

I agree with the contextual reasoning with Kooba post 20622. We had excellent FY results and positive guidance for 2022.
If there is bad news where is it going to come from the likelihood is the reverse
I posted back several months ago that we had the perfect storm of events to drive these lower on a series of unrelated events that did not have any effect on the company continued operations

Early weakness was in the misunderstanding that BATM is a Covid stock. Almost anything with diagnostics got hammered and if they were an Israeli tech share that added to the misery only because Israeli companies were perceived at the end of a good run.

Then we have false negative article on the company followed by the index fiasco all at a time when it was going to cause panic. Russia starts WW3 which shows no sign of a good outcome. The markets are hardly a place for the faint of heart.

Unless an investor took the time to research this and follow closely they are not going to commit until the dust settles.

I have continually maintained that @80p is fundamental support for BATM which does not reflect the value of their IP. Sum of the parts still north of 170p

At the end of the day we have a company that’s got trashed once for the unrelated events then again with current market woes.
Nevertheless they did not go ahead with the buy back and have not release any comment on anything as Kooba posted was unusual I agree it is way out of character. The last update from Zvi was a brief reference to ADOR and how that was attracting considerable interest all well there and on schedule. No mention of current business and nothing about share price weakness etc
We have had a media blackout and believe me they are saying nothing so it’s all a huge leap of faith to buy.

So why the silence

My best guess is that it’s to do with Telco and edgility
BATM may well be considerably restrained on this and likely have decided to say nothing at all about any side of the business.
At the end of the day we just don’t know what’s going on and that has been extremely frustrating

[kooba] 29/6/2022 13:44

As an order driven market it is difficult to establish what is a buy and what is a sell..if you put a bid up and get hit ..is that a buy or a sell..its both really. Order driven better reflects a willing buyer willing seller price equilibrium over a quote driven basis where MMs can have far more influence on price."Key Takeaways. An order-driven market displays all the bids and offers for a security in the open marketplace or exchange. A quote-driven market only displays bids and asks of designated market makers and specialists for a specific traded security."

[resistance1] 29/6/2022 12:53

Putting forum disagreements to one side. The corporate silence is exposing long suffering shareholders to continued downward price pressure. I firmly believe good reasons (which will be positive for the share price) are behind this. It will need however a steely nerve to ride this extended period. As an aside, I have been building my position over the last few weeks, and my purchases this and last week have not been shown as a trading buy or sell. Supplied from broker 'stock' maybe someone can enlighten me, I'm not too technical. If they had been recorded as buys they would have certainly caused price uplifts.