Batm Advanced Communicat... Share Discussion Threads

[car1pet] 18/8/2022 11:28

Someone took a punt this morning and bought 78,000 at 32p. With the price that low it is tempting!!

[oakville] 18/8/2022 11:09

We could be at 29p by the Interims !

[car1pet] 18/8/2022 10:20

I've not had a reply from Luther about the 22nd August. No surprise there!!
Looks as if everyone is sitting on their hands waiting for the interims.

[kooba] 18/8/2022 05:36

Was there a change in the regulatory stance earlier this year in Israel to explain such a change in the company's interaction with its shareholders compared to the last 3 years or so since secondary listing in TA?We have nothing to go on as to whether the buyback is purely a regulatory issue (retained losses) itself or due to ongoing corporate situation that might be spooking the management ..for 5 months! I personally see no basis for ongoing restriction around anything to do with Cityfibre..the position as it stands is out there.it's being piloted ahead of anticipated wider roll out. Unless Cityfibre are actively trying to purchase Telco ..something one might try before signing up I reckon!It appears this secondary listing might be costing the company dear in terms of share price and shareholder patience.

[echoridge] 17/8/2022 23:17

that isn't the important part of my post kooba. its a detail that need not be argued. the relevant part is about Israeli regulations generally and the possibility that it can help explain the Company's radio silence.

[kooba] 17/8/2022 22:16

Echo"..that the Company might have gotten dispensation from regulators to participate in the rebalance as a buyer, but unfortunately that event fell inside their closed period, thus making it likely impossible, if they even made the effort in the first place."This appears not thought through at all.They are not actively engaged in a share buyback for unknown reasons but have shareholder approval to do so.Why would they need regulatory dispensation..if there was not a regulatory issue? If there was a regulatory issue why would they suddenly get dispensation if it had prevented activity for months.If the restriction was because of ongoing deal with CityFibre then why seek regulatory dispensation when there is likely information not in the public domain as you suggest.Who would you be thinking would give them dispensation to now go into the market? And have you ever known a company make large one off purchases in something like an index adjustment rather than have a plan over time relative to parameters fixed at outset. Think best not guess on the the old buy back hey.Only insiders know.

[wizzkid211] 17/8/2022 22:12

"Today, tests dictate about 70%-80% of medical treatments, meaning that it is not common to receive treatment without a test," says Marom, "and in the era of personalized medicine, the demand for tests will only increase. However, it is already clear today that it makes no sense to bring a person to the hospital for tests. They are mostly suitable for surgeries or complicated procedures or imaging tests that require large instruments. Therefore, it makes sense for the tests to leave the hospital, but it is not certain that they should reach the house."

What is really needed, says Marom, are rapid tests at the point of treatment. "We, for example, have acquired a patent for a technology that can genetically detect the difference between a large amount of pathogens at the same time, including which antibiotic the patient is sensitive to. Today such an examination requires the patient to make an appointment with a doctor, go for a blood test and then wait for the result of a culture. If it turned out to be tuberculosis or spassis, sometimes by the time the result returns, the patient is no longer there."

Do an English translate!

[emeraldzebra] 17/8/2022 22:09

Echo. I accept it is easy to misconstrue my post...I did not intend to spook anyone...apols. My point was really to reinforce some of the more positive commentary on the board. Thanks too Car1pet.

[fse] 17/8/2022 21:42

"ALWAYS ways to get your message out instead of defaulting to radio silence as BVC seems to have done."

amen to that statement.

[echoridge] 17/8/2022 21:35

kooba - that's not what I wrote. I explained that given the circumstances - despite whatever the ongoing reason for the buyback not being engaged since March (my 2 month old theory that the Cityfibre negotiations continue is still my favourite) was that the Company might have gotten dispensation from regulators to participate in the rebalance as a buyer, but unfortunately that event fell inside their closed period, thus making it likely impossible, if they even made the effort in the first place.

Overall, I am with most posters here in my intense frustration with the Company's frozen public profile over these past several months. But what people also need to understand - which I have been learning more about myself in recent weeks - is that the Israeli market is among the most restrictive in the world on companies around issues of public disclosure, inside information, etc. One fund manager there described it to me recently as 'If you run foul of the rules, you go to jail, do not pass go....' So, it is very possible that our current situation is at least partly due to a management which has, for some reason, committed to a policy of 'zero tolerance' on all matters around corporate actions, material non-public activities and public disclosures, so that they are constantly making certain they are well INSIDE the rules, instead of working the edges of what's permissible as most UK companies tend to do, for instance. As the latter suggests, it's my view that even if I'm right about all this, there are ALWAYS ways to get your message out instead of defaulting to radio silence as BVC seems to have done. However, as I think I am at least partly on the right track, such a (partial) explanation would also make the current circumstances a bit less 'unforgivable' for me than say, fse, and also reinforces my view that the interims are even more likely to break this logjam.

[kooba] 17/8/2022 20:41

Echo I doubt the reason for not executing the buyback is closed period to results..it has been off for so long there can be no excuses like that. It was recommended to shareholders to stabilise the price around index expulsion then not used..for both index expulsions ! So it must be something more , regulatory or restricted due to non public corporate developments.Sure if regulatory now sorted or reason for restriction is divulged with results then it could be back on..depending on what might suit the management at the time.Enacting the share buyback might have gone some way to preventing the TA-125 exit as it might have stabilised the price at higher levels ..I haven't looked at the numbers but where the market cap is now and it's relative underperformance to the index they were however well out on the review.It's not good the company has allowed such and information void to develop and although some of the price falls are resulting from passive index sales others have probably thrown in the towel on stop losses and pain thresholds crossed..because without doing homework it certainly looks like something is very wrong now and the company has let that develop and fester.

[echoridge] 17/8/2022 19:31

Also, dare I point out that the share price was down 3/4p in the end? Ridiculous, near-new lows, share price for sure, but maybe not entirely worthy of all this pearl clutching?

[car1pet] 17/8/2022 19:28

Emerald that is the point none of these shareholders are selling so something is happening behind closed doors. If the company was tanking they would be selling up but they aren't. Hopefully when the interims are released the picture will be clearer

[emeraldzebra] 17/8/2022 18:44

How about Legal and General plus Herald and others with their very significant holdings.? Would they not be running for the hills and unwinding fast, if something really catastrophic were imminent ?

[kemche] 17/8/2022 18:36

Of course Barry. Makes eminent sense.

[kemche] 17/8/2022 17:57

We need Barry to explain what is going on here.

How long does Passover or even index rebalancing last? Has he stopped presenting to hedge funds?

[fse] 17/8/2022 17:35

Obviously I am totally out of patience!
BATM is on a FMV of 80p to 90p
Some of the parts somewhere north of 170p.
Thats why I am saying even a weaker set of results does not = 34p
We have the City Fibre deal in view so thats no longer a possible "stay quiet" reason.

Best guess scenarios....

Management Buy out which would need an internal agreement between Marom and LO.

They do the really obvious thing. Move Telco to NASDAQ. Leave BATM on LSE. Cancel that completely meaningless listing on TASE at the very least. This may be the reason they can not say anything.

Complete and utter incompetence from their advisors.

Any other theories as to WTF is going on.

[fse] 17/8/2022 17:03

At the end of the day we have a company that is sitting at 33p which is by a very large measure of indicators worth at least 3X that amount in these times let alone in a more favourable environment.
Even if BATM is unable to increase revenue in H1 2022 we have new revenue streams coming into effect which would offset this. They would have to be truly terrible figures and there is no indication of that either.
There has been no advice as you say that a large holder has sold a significant number of shares and crossed a threshold.
Outside of anything else this does not do BATM any favours when they speak to future clients who at these levels might wonder if they are making an agreement with a company that may not be there at least in this form in the future.
Is it possible they have just shot themselves in the foot and Shore pulled the trigger.

[car1pet] 17/8/2022 16:26

Sadly the major shareholders (LO and Marom) call the shots. PIs don't have any say when deals are being done. If a deal is being done, by Marom, then the price paid to LO for its shares should be the price we get for our shares.
Its interesting that there have been no RNSs showing any significant disposals by the major shareholders so if a deal is being done all the large shareholders must be involved and are holding.
I suspect that Marom was very unhappy about the index fiasco and wants to take his baby back into private ownership. As long as we get a decent payment I'm cool with that.

[fse] 17/8/2022 15:57

>kooba .... One of the huge mysteries here is that BATM used to keep in touch with its shareholders and did regular updates and interviews and news releases.
Several months ago after giving us a decent set of updates an assuring shareholders that had a full order book etc ....... they then go completely quiet with no comment at all leaving investors to speculate the reason with predictable calls of "foul" along the way
They have not given any notice that they are sitting on negative news, going to miss market expectations or any news that shareholders should be aware of.
This is utter cr*p behaviour and should not exist within a reputable company.
We have had 2 avoidable index fiascos forcing the sale of millions of shares further exacerbated by not following up on a proposed share buy back.

Echo spotted the TASE 125 which went a long way in explaining that episode of the great slide to oblivion
All the sold shares have to be picked up by someone at fire sale prices assuming the company is not going to collapse.
I am calling "FOUL" on this and its going to have legal ramifications.

[wizzkid211] 17/8/2022 15:42

TASE just closed down 4.4% with 633828 shares traded. last trade end with 807771 shares

[kooba] 17/8/2022 15:37

I struggle to understand the motivation in anyone manipulating the price down without there being a large ulterior motive ..the idea of a buyout with the low share price being a benchmark for low ball offer has been roundly knocked back by others.As you say the company has had ample opportunity to alert the market to any negative change in the very up beat forward trading update with the finals. There has definitely been a change in approach to communications since the GM approving the buy back and the company will have its work cut out getting folks back on side. Quite possible if there is clarity on buyback and strong trading and a realisation at board level that the share price does not reflect the narrative they give and how they plan to address it , shareholder confidence will quickly return.

[landskermichael] 17/8/2022 15:37

Here come the roaring twenties