Batm Advanced Communicat... Share Discussion Threads

[kooba] 24/8/2022 10:13

Therefore gaming their own shareholders who they told a buyback would be in their interests at GM when the stock was in the 50's and were expecting that loose stock would be absorbed. Not sure F it these dogs are going down anyway so lets let 'em fall was what many thought would be the approach from official releases!! Joking .

[car1pet] 24/8/2022 10:01

Maybe they will explain on the call at 13.00 why the buyback never happened. My guess is they could see that the price would fall and decided not to bother when the price was in the 40s. It would have been a waste of money.

[kemche] 24/8/2022 10:00

I'm sure Barry will be along to explain that the targets are fine and conservative.

[kooba] 24/8/2022 09:51

It's odd their reiteration of in line with market revenue forecast ..previous revenue forecast was $158m full year '22 today that is now adjusted for currency to $146m..so are they reiterating they are on target to meet a revised market forecast rather than the prevailing forecast??Maybe in line with a currency adjusted forecast...these companies love an adjustment unless it is in their favour!!

[landskermichael] 24/8/2022 09:46

Surely the covid news was entirely predictable , to late to sell now unless your forced too, only good thing is any kind of share buyback will be a lot cheaper

[owenski] 24/8/2022 09:31

Not an encouraging read, I can see why the share price is where it is. Dont think the price is that cheap either.

I dont particularly trust this company either.

[kooba] 24/8/2022 09:29

They have not reiterated growth forecasts which would include profit and cashflow forecasts far from it in my reckoning. They have reiterated only revenue guidance now , this is a good thing but more specific. With the narrative of this being a cashflow positive profitable growth play one needs to look at margins and cash position too. These will not be in line with previous forecasts I'm pretty sure. Maybe its all fx one offs but still surprised at the depletion of cash in a short time frame. Why was a dollar reporting company not holding excess capital in $?

[car1pet] 24/8/2022 09:28

I had a reply from Luther this morning telling me the interims are published today and an invitation to attend the webinar at 13.00 today

[kemche] 24/8/2022 09:25

"The most conservative Company I’ve ever experienced reiterated guidance for the year, kooba."

Even more so than CHLL, GFIN, BRES, IES, BRSD, and a host of other tripe?

[kemche] 24/8/2022 09:20

So - it had F all to do with Passover, Yom Kippur, Indexing shennanigans, shorters, hedge funds, buy backs, wall of money and all of the usual utter tripe from the resident guru.

Quelle surprise!

Will he stop? Like F he will.

[echoridge] 24/8/2022 09:10

The most conservative Company I’ve ever experienced reiterated guidance for the year, kooba. What more damned evidence do you need?

[echoridge] 24/8/2022 09:09

And fwiw, nowhere have I said ‘haven’t they done well’. The share price is below 30p. Of course some decent amount of that is down to this massive index rejection which is still causing indigestion in Israel. But you were right in an earlier post: if the Company has just done the tiniest bit more during these past few months to promote the story - even if they do consider themselves inside - they could have made some buyers over there. Otherwise, I am simply looking at value and assessing their actions going forward

[car1pet] 24/8/2022 09:05

Very tepid report. I'd highlight "Whilst mindful of the potential impact of global supply chain challenges, and the need to secure further contracts, particularly in the Bio-Medical division". I read that to be mean the sales team is struggling to win new business. The revenue appears to be coming from the backlog orders. Without new orders next year could be bad.
I've been saying for years that the company needs a new CEO and senior management team. This H1 reports confirms all my fears. Its a tough market for everyone out there and BATM needs strong business management. Too many techies/scientists in management positions.
They need hard nosed commercial management team to achieve the potential.
This is much worse than I expected.

[kooba] 24/8/2022 09:04

god, you are an open woundReally thats nice...at least i am not looking like a company stooge making constant positive assumptions backed by nothing and defending their every disappointment, as for in talks on major transaction...evidence..anything?

[kooba] 24/8/2022 09:02

Action..simple. Not just talk.

[echoridge] 24/8/2022 09:00

god, you are an open wound

[echoridge] 24/8/2022 08:59

As for your comments re 'showing their confidence', what's more confident than making for them to imply strongly throughout this report that they feel they have more than enough capital/cash flow generation to do it 'all', continue to invest in their growth businesses and push on with capital returns/shareholder value actions?

[kooba] 24/8/2022 08:58

Oh and please stop "explaining" things to me...you have an opinion ..your opinions are not often right.

[kooba] 24/8/2022 08:55

You are right Echo...no support from me on the haven't they done well front. Talk from a company on delivering value and delivering value are very different matters..BATM make lots of positive noises and they always have ..consistently . Delivering on such noises is far far less consistent.First half financial performance is pretty dire to be fair and half way through the first half we had the very upbeat finals forward looking statement. What happened in the second quarter they didn't foresee? Going to go through the Shore Cap note today to see what glimmers of hope can be taken. But to guide growth was in line with market forecast but now say revenue is in line with market forecast..is otherwise known as?

[echoridge] 24/8/2022 08:50

kooba - I explained why the phrasing is the Company's reiteration of their commitment to the buyback. You were never going to get more during a period when they feel they are working on a transaction of sufficient consequence to maintain this infuriating radio silence.

[kooba] 24/8/2022 08:47

No real commentary on the buy back or lack there of..if they are genuinely enthusiastic on prospects..then use it if there is no reason not to! That would show some confidence and in their view would be highly value accretive if they believe the share price does not reflect the underlying value..enterprise or otherwise.Hoping this is raised in the investor call...which I'm not sure i can make as on hols with the family.

[echoridge] 24/8/2022 08:42

I'm sorry, I know I won't get much support here on this, but I think this was a pretty solid report all told (if we had gone into it at 75p, maybe I would feel otherwise). As we've already discussed many times in a different context, this is a wildly conservative company on public disclosure, etc, and the reiteration of full-year forecasts and growth plans generally and then likewise on the buyback and then to 'deliver shareholder value' should not (though I fear it will be) be discounted, rather taken very seriously since this is a Company with the resources to deliver.

[car1pet] 24/8/2022 08:21

No dramatic news same old BATM.

[echoridge] 24/8/2022 08:19

zipstruck - I believe the Company maintains its cash position around a third a third a third between dollars, euros, and shekels (thank goodness, if I'm right, that there is little in sterling!) so the currency hit is likely mostly through the euro's fall to new lows. Its hardly 'concerning' as it is very unlikely to repeat, could well reverse and most of all, the Company seems pretty confident on H2 cash generation and so refilling the coffers the old fashioned way.

[echoridge] 24/8/2022 08:15

'......BATM has established solid foundations in core technologies that it believes will be market disrupters. The Board of BATM remains confident in the prospects of the business and is working hard to demonstrate the substantial value that exists within BATM. As part of this process, the Board has committed to constantly examine the use of Group resources, including share buy-backs, and looks forward to delivering shareholder value.....' Anyone who has met Zvi will agree that that the second half of that statement not only reiterates the Company's commitment to the buyback (which I still maintain is most likely being held up by the CityFibre 'roll out' contract being finalised) but to the kind of more radical ways to realise/demonstrate the value within the Group that many posters are looking/hoping for. Zvi is notoriously circumspect regarding actions in the stock market so I read that commentary as about as much of a shout-out to shareholder value as you one can ever hope for.