Batm Advanced Communicat... Share Discussion Threads

[fse] 23/8/2022 14:53

BATM did as kooba says indicate a very different picture with their last release. In spite of what looked like excellent figures and very positive forward looking statements the share price did not react. The share price has fallen continually for a considerable period of time and the selling starts in Israel and continues on over to LSE.

I am afraid it looks as if we have been deceived because no company share price falls this dramatically for no reason. The first index issue happened after we were already in decline the second one was just a fait accomplis.
From my perspective I have been following the technology and the science behind the various companies BATM holds.
They have swung into profit and appeared to be gaining traction in many areas.

Quite clearly this is not the case and the company has real issues that they are not sharing with us. I am surprised given the falls that they are still trading at all.
I have no idea what has gone wrong here but clearly investors in Israel are not just unimpressed they have shunned this company for quite some time now.

I am quite obviously most upset to be writing this and it has made me and others look like idiots. It really does not matter what the company says now as they have completely lost the trust of investors.

[kooba] 23/8/2022 12:43

Just a recap on where we were 6 months ago..everything going great guns...stock was 43% higher.Strong forward statement for 2022 with record revenues from cyber and virtual networks forecast. More details on products including cyber and deals with big boys in telco..we've seen the start of one there. So any change in the outlook for the business should have been signalled at the end of the first half.https://www.proactiveinvestors.co.uk/companies/news/975263/batm-advanced-communications-reflect-on-a-great-year-in-2021-975263.html

[car1pet] 22/8/2022 22:16

Major shareholders own 66% of the company.

[fse] 22/8/2022 22:00

Short Sale Balance Report

As far as I can gather the shorts were basically cleared up by the end of last week.

Registered Users Only
As of the trading week ending on 18/08/2022Total 1 Records
Comment
Data on short sales displayed on this page is based only on data that was relayed to the TASE by TASE members. This data has not been checked or audited by TASE .The TASE does not guarantee that the information includes the short sales balances of all TASE members, and/or that the information will always be up-to-date and will represent all short sales data. The TASE is not responsible for any error or inaccuracy in the displayed information.

Short Sale Balance Report
Name Symbol ISIN Previous Balance(No.of Securities) Weekly Balance - No. of Securities Weekly Balance - NIS Thousands Short Interest Ratio - SIR

BATM BVC IL0010849045 369,376 217,630 270.73 0.19

[cumnor] 22/8/2022 21:47

If they try, and I would be surprised, to betray or screw retail shareholders over Israel's reputation as a trusted investment focus would imo suffer and I suspect another outcome could be the Palestinian cause finding a lot of new supporters.

[fse] 22/8/2022 21:31

From Pro Active investors used by Shore (of course)

"Broker Shore Capital Group Limited (LON:SGR) saw its shares tumble 24.3% to 140p in late-afternoon trading after the firm proposed the cancellation of its listing on AIM.

The group said it now had “sufficient and significant capital” to support its growth ambitions, and thus it no longer needed to raise capital from investors."

Its worth mentioning that a couple of years later Shore Capital was getting awards and business was booming. What an incredible turnaround for a company that earlier red flagged itself.
BATM is sitting at 1/3rd of its FMV never mind the value of the IP.
Just try calling the company brokers and advisors and see where you get.

[fse] 22/8/2022 21:21

October 2019

Shore Capital needed at least 75 per cent of shareholders to approve the delisting.
Shares fell late last month as the investment group mooted cancelling its London listing after reporting a dire 46 per cent drop in profits for its half-year results.
Earnings hit just £1.3m after reorganisation costs mounted to £1.4m after Shore bought rival Stockdale Securities for £5m back in February.
The acquisition created the City’s fourth largest corporate broking firm, advising around 125 corporate clients.
Shore has said its relatively low share price of 155p and a lack of liquidity had fuelled its decision to delist.

[car1pet] 22/8/2022 20:56

LO and marom have over 50% and with the other major shareholders a deal would be simple.

[kooba] 22/8/2022 20:49

And Zvi Marom being a long term member of the board of Shore Capital is not exactly normal in terms of relationship with advisors as far as i am aware..not sure exactly how that is not conflicted ! But he was on the board of the Shore Capital for their de-list..so knows his way around these things!!

[fse] 22/8/2022 20:23

Howard Shore and Shore Capital did indeed pull such a stunt with Puma and thats not all they have done. Thats why I have such an intense mistrust of anything they handle.
They in large part caused this fiasco with the way they handled the Russell Index. They would have been advisors on this.
As I have said many times I feel Shore have a bad conflict of interests in handling any of BATM business.

[kooba] 22/8/2022 18:40

Well my original suggestion was they might de list...if this was to be the case they might offer near market price to those not wanting to hold private equity.As I pointed out this was a strategy by Shore Capital themselves and Howard Shore with Puma Brandenberg. It would be a kick in the teeth to long suffering shareholders some would not necessarily be able to hold non listed equity.I hope this is not what is going on as I believe it would be deceitful around the buy back and that the company would be seen to have conspired to get the price down to justify such action.So there are more ways to take private than just offering a premium cash offer. To delist though i believe they would need 75% shareholder approval but that might depend on articles.They could get close to 50% insiders and LO..but i would imagine getting 50% of remaining agreeing to this would be a stretch.Hope that is barking up the wrong tree but trying to piece company behaviour and share price action together such ideas fit the limited information available.Once again pointing out Marom annoyance with LSE ..maybe even TASE now.Please shoot down as I hope this is not on.

[fse] 22/8/2022 18:17

For me it’s all gone south due to a perfect storm of events and some incredibly poor advice from advisors. If they were going to try to take the company private it would have got out and the share price would rally to FMV @80p to 90p. Still car1pet conjecture not impossible due to current malaise I don’t believe they had any earlier intentions in that direction.

[echoridge] 22/8/2022 17:47

Zvi Maron will outlive us all. sheesh

[kooba] 22/8/2022 17:17

End of May interview. Looks well!https://youtu.be/s9fyLRkMrlg

[landskermichael] 22/8/2022 16:54

When was marom last see in public , not unwell or anything is he ? Just looking for reasons which haven't been speculated on before , as far as I know there are
no issues with his health

[kooba] 22/8/2022 16:25

Perspective even if one strips out pandemic which would have been a positive in one offs.Over 4 years Batm 41p to 31p down 24%Suitable benchmarks.Nasdaq 7945 to 12427 up 56%TA-125 1468 to 2072 up 41%Much of that underperformance is recent but that is a dismal performance for a business that has been listed more than 25 years and is meant to be in high growth areas and considers itself highly successful in progressing its various interests.One would hope LO as leading institutional shareholder are asking some serious questions on performance and investor relations..but they are likely already inside the tent i would guess.

[cupra kid] 22/8/2022 16:07

I've taken advantage of the low share price over this last trading week. If you've done your homework which I think most here have then it's just a case of being patient and riding through this current trading pattern.

[kooba] 22/8/2022 15:43

This was my initial thought around the buyback and comms change and remains a possibility in my view.The idea would have been laughed at earlier in the year but with share price and confidence badly dented they might get away with it...certainly might explain behaviour towards shareholders.However if their predictions of the growth potential in bio devices, security and of course Edgility ( telco) are proved right and looking at the investment made across those businesses anything like that would surely not represent a reasonable time or price to exit. Much might come down to LO position

[car1pet] 22/8/2022 15:28

I'm holding because I think the company will go private and shareholders will be paid 50p per share.
No basis for my belief other than the way the company has behaved. So its all my opinion so DYOR

[kooba] 22/8/2022 14:33

Small point but LSE is BATMs primary listing , TASE is a secondary listing but the shares are fully transferable and fungible across both markets.The relative radio silence ..for whatever reason even if paranoid of Israeli regulators! does not prevent the notice of results announcement the company normally makes at least 10 days prior to release to market. Since the results are due before the end of the month why no notification?2018 notice 20th released 28th August2019 notice 5th released 19th August2020 notice 6th released 17th August 2021 notice 12th released 23rd AugustNb last update on outlook from full year presentationGroup Outlook § BATM entered 2022 with substantially higher backlog from ongoing operations§ Bio-Medical division expected to remain the largest contributor to revenue in 2022§ Networking & Cyber division expected to achieve significant growth and increase contribution to revenue§ Mindful of potential impact of global supply chain challenges, particularly electronic component shortages§ Board continues to explore value creation opportunities – such as strategic partnerships, acquisitions, disposals § On track to deliver significant growth for full year 2022 in line with market expectationshttps://www.batm.com/media/1503/batm-fy-2021-results-presentation.pdf

[cumnor] 22/8/2022 13:43

No rhyme or reason to this, esp with silence on buyback for months. There should have been a statement re recent Tase index moves. Let's hope the CEO doesn't turn out to be just another corrupt boss-it would surprise me if he was-who manipulates and screws shareholders over? Up to this year he looked like a decent sort who gave regular updates (for BATM) but as it is primarily listed in Tel Aviv you never know how things work there...if there are plans afoot to screw retail from there-and the share price action is strange-then it will back fire big time? In the precarious environment we live in Israel can hardly allow it's stock exchange to be used to alienate people who invest in the country and are sympathetic to it's cause further. Let's hope it's just general market sentiment but, given it's position and base, the company needs to clarify a number of things.

[landskermichael] 22/8/2022 12:32

Hope there isn't a big market crash cos this would go into the teens , there must be people who know why this has dropped so far but as usual small shareholders are kept in the dark

[rob1ng] 22/8/2022 12:31

Yes worrying,I've been a shareholder since before to 10 /1 split ,averaging and selling some ever since ,I've been buying small amounts recently ,it's a bit like gambling

[car1pet] 22/8/2022 12:19

I've sent another email to Luther demanding a date for the interims. To not even get an acknowledgement suggests there are issues with the H1 results. I was told that it would be by the end of the month on 10th August, so I challenged Luther today - is it 31st or earlier on the grounds that with the share price continuing to fall I need to be able to make an informed decision about my shareholding. If i get a reply which is unlikely I'll post the reply here.