Batm Advanced Communicat... Share Discussion Threads

[echoridge] 22/7/2022 07:19

They're being more than real carpet. Share price can easily be 2x by early September and with no take-private transaction in sight

[car1pet] 21/7/2022 21:14

All these long posts justifying a much higher share price are missing the point which is the reality is a share price in the low thirties.
Get real folks and smell the coffee if we are lucky we will get 50p when marom takes it private. That's it

[fse] 21/7/2022 20:14

The simply Wall Street report on BATM is interesting and they have a habit of being fairly harsh in their analysis. They figure the company is significantly undervalued with respect to FMV. They cite it as being 65% undervalued on one metric and note current PER of @12 compared with the communications sector which is @28.
On a range of different metrics for FMV dependent on what importance you ascribe to each sector the share price should today in the present environment be worth 60p to 90p.
I have BATM on FMV @80p another source close to me put them at 90p on pure fundamentals.
Essentially thats why I and others figured 80p was strong support.

These are all fundamentals value and do not reflect the future contributions from the new Diagnostics Platform or Telco Edgility.
It does reflect growth in other areas of the business which comes from known operating contributions.

In any event thanks to Wizz for posting the links suggest people look at both. The CityFibre article reinforces my suggestion that Edgility OS will be offered to clients as soon as the Fibre connects them. The Pilot term is a bit misleading albeit I am not sure what else you would call it. Selected clients are going to be involved in a wider enhanced services parcel because at the end of the day Edgility will make possible solutions we are not currently using.

[kooba] 21/7/2022 06:27

A recent study by Juniper Research predicts that global spend on multi-access edge computing will grow from $8.8bn in 2022 to $22.7bn by 2027, driven by increasing requirements for on premises machine learning and low latency connectivity.https://www.cloudcomputing-news.net/news/2022/may/24/multi-access-edge-computing-spend-to-reach-23-billion-globally-by-2027/https://twitter.com/batmltd/status/1549988830287118336?s=21&t=M0b3whmTbe7Tyv_yscIwuQ

[kooba] 20/7/2022 16:12

I agree on margins on some of the products coming through on edge and diagnostics. Also the revenues could build into repeat revenues and earning streams there could be subscription sales basis or certainly software updates and with diagnostics likely consumables so not just one off sales.I'll be talking myself into buying more soon but still am somewhat nervous at the share price performance itself and the patchy nature of communications. Had a small nibble at 33.5p and it just seems to be an ongoing averaging exercise which is not the best way of buying equities! I normally wait to see some strength..but they do seem very cheap on known knowns.

[fse] 20/7/2022 16:03

>kooba.... loosely speaking yes. Edgility and the RCA diagnostics platform are the stand out IP that is not yet generating revenue. Other IP of value is Cyberguard and a host of Celitron products from ISS to protein extraction + a very promising initiative with Gamida with insect protein.

One of the factors that upsets some analysts (Simply Wall Street being one such example) is that they see BATM overall turnover fairly static. This belies the situation on the ground where BATM is shifting to very high margin components as reported in the FY 2021 where they substantially increased profits on similar sales volumes.

As Edgility and Diagnostics (not just RCA) become a larger % of the mix the margins are going to continue to rise. Edgility revenue per client may not be that high but the costs of adding new clients is the flick of a switch.
Its almost impossible for the market to quantify all of this.

[paulisi] 20/7/2022 15:47

Market cap of 140mCash and liquid assets of 60mProperty of 30m+Three divisions:Telco - paid over 200m, must be worth 80-100m+ min based on future revenueAdor stake cost 30m+Medical division - 100m+ turnover

[kooba] 20/7/2022 15:42

Not sure how you ascribe different values to the businesses and the IP as i presume the businesses use the IP. Anyway maybe you are ascribing value to IP portfolios outside of ones being used?Can't really disagree though with the range of your numbers on a worse case best case scenario. If both Edgility and ADOR gain strong commercial traction into 2023 they will soon be stand alone businesses capable of significant valuations on their own it seems.

[fse] 20/7/2022 15:26

Share values do balance between the exchanges having said that the weakness seems to start every day on TASE soon after the exchange opens.
LSE then opens with almost no volume at all and then drifts with no follow on buying.
If you want to value BATM solely on what it sells and ascribe nothing for the value of its IP then it is worth @70p to @80p FMV.
The sum of the parts based on last years end is arguably @170p.(thats ascribing value to IP that is just tarting to achieve revenue)

The time frame we are in at the moment with respect to the Pandemic, product disruption, war in the Ukraine, Energy crisis & Recession.
All of these factors as I am sure everyone appreciates have made a monkey out of a lot of valuations.
If I were to do a war time valuation the share price should be able to hold 55p to 60p in line with comparable NASDAQ current/peer valuations which are themselves under pressure.

BATM are invested in Advanced Telco systems, Cyber, Diagnostic Platforms, etc all areas that are in demand so the sectors should not be as weak as they are.

[kooba] 20/7/2022 15:02

Is there any idea on how many held on each exchange or are the shares totally fungible.?

[fse] 20/7/2022 14:36

The problem appears to me to be on TASE there are over 600K NIS traded there today and very few on LSE. The share price opens firmer each day on TASE and then quickly gets sold down.
This has been going on for a very long period.
I am not sure what disclosure regulations there are on TASE.
The action on the Israeli exchange makes no sense to me at all.

[kooba] 20/7/2022 13:51

I don't think a prospective pe multiple of well over 20 is out of place if a company has spent big sums on r &d with products ready for market that could be transformational and lead to rapid growth. I believe the sum of the parts together with the apparent high growth prospects and the buoyant balance sheet are better metrics of value than relying on a multiple from historic earnings that do not reflect the current years expected trading. The company would have been better to take one offs as one offs as this might avoid such confusion if we looked at true underlying growth.

[oakville] 20/7/2022 13:30

So a realistic PE of 15 would take us to 24pish?

[kooba] 20/7/2022 08:23

As mentioned before that is historic P/E ratio ..prospective pe is more like 20 on an ongoing basis. There were one offs and the software business no longer contributing.

[oakville] 20/7/2022 07:16

PE was just over 11 yesterday which is bizzare for such a decent company.

[kooba] 20/7/2022 06:50

Lest we forget..Batm twitter today. Cyber!https://twitter.com/batmltd/status/1549627715657007105?s=21&t=c_zA4u6XOC6c1evZakXpngWhat are the sum of the parts worth?A tricky question because of the nature of the ownership structure and potential overlapping revenues in medical. But on any basis its a fair way north of £142m surely. With £50m cash. ADOR last valuation externally verified £23m ( Value of BATM interest minimum) Telco Systems 100% owned..thoughts FSE?Anyone thoughts on rest of medical?See what can be arrived at ?

[shareholder7] 19/7/2022 17:40

I think when we get the first bit of bad news then we shall see who is naked, but so far I can only see upside on this company and need to sit back and wait a year. Not a short term investment

[kooba] 19/7/2022 17:21

He also said"Only when the tide goes out do you discover who's been swimming naked."Warren Buffett he says a lot.

[shareholder7] 19/7/2022 16:37

And of course We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.Think we will looking at a much higher price this time next year

[oakville] 19/7/2022 16:34

No end to this down trend. How far will it go?
15p 10p 5p. Oh and I hold 19000 shares. Its just pathetic.

[shareholder7] 19/7/2022 16:33

"Unless you can watch your stock holding decline by 50 percent without becoming panic-stricken, you should not be in the stock market

[shareholder7] 19/7/2022 16:30

"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."

[shareholder7] 19/7/2022 16:30

Just a few quotes from buffet "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well