Batm Advanced Communicat... Share Discussion Threads

[resistance1] 25/6/2024 08:43

It is strange the continued share weakness. Tech stocks on the Tase healthy and the Tase itself resilient. I don’t think it is down to anything sinister. We need to excite Uk/US investors with the delivery of the plan, revealing the focussed narrative. For example I’m seeing a lot of edge/cyber tech company collaborations. Security at the edge. Why haven’t we got a packaged solution, playing to the Groups strengths? Seems pretty obvious to me. Disposals are taking a while, and of course the acquisition to enable more Edgility sales.

[cumnor] 25/6/2024 00:32

Agree Kooba, the CEO needs to clarify the company's current trading position, given the weird share price performance in the absence of news and the current high valuations of tech companies in the US.
Moti will be aware it is more then just BVC's reputation that is being questioned here. It is Israels reputation as a country to invest in as well. Investors in Israeli companies are generally well disposed toward the country's plight in the present conflict. That could change drastically if any UK or US Israeli PLC were ever seen to be squeaky clean. BVC imo is squeaky clean.

[kooba] 24/6/2024 11:48

Difficult not to agree..a week to the end of the first half and it's a struggle to think that anything positive is happening in the background with the share price performing as it is.The cash position etc should provide a prop but unfortunately that can have been argued for a large part of the recent fall.It is a company that announces just about anything whether it falls into a regulatory obligation or not.The full year results fell well below expectation but they did not announce before the release date..they need to up their game and regain shareholder trust that they can deliver genuine and demonstrable value...18 months in the top spot and Moti clearly is struggling to do so.

[car1pet] 24/6/2024 11:16

spread today 15.80-16.35p A couple of decent size trades this morning and price drops.
Something odd is going on with this share

[kooba] 20/6/2024 16:28

Either they are very cheap and getting cheaper if they deliver on their strategic aims and start getting meaningful growth in their new products and markets or they are just discounting more bad news yet to be communicated. In previous postings i mentioned i am not a great believer in the market getting things wrong , however tight information is kept positive or negative news seeps out...and the market has been right in the past few years on this counter as the company has failed to meet expectation and guidance. My expectation is low and the upside downside must surely mean that any delivery of anything just now would be a positive ..but this company's management does not seem to be generating any confidence in them delivering value..all talk no action. Needs to change.

[dros1] 20/6/2024 16:07

other reason for the weakness might be market thinks this could be delisted

[fse] 20/6/2024 15:22

I have to go back a long time to remember any time I have seen an investment behave like this. Once was in the 2000 tech collapse where good and bad investments went to the wall largely because investors were running scared of the entire sector and any company that did not have adequate financing could not raise cash and was forced to close shop.
There have been instances like Proteome sciences PRM that I invested in but bailed out of before it crashed as the company was unable to convert the science into a saleable product. Ironically though they are still in business but the share price is a fraction of bygone times.
BATM has accredited positions in 3 different sectors. Edge computing, Medical diagnostics , Cyber. These sectors are all "in favour" areas for investors.
BATM has plenty of cash and has developed its IP in house and has not had to go to shareholders for cash.
Companies like BATM ought to be popular in times like this as they are defensive stocks as they are unlikely to get forced out of business due to the above parameters.
So whats gone wrong?

The share price slide started some 3 years ago before the war etc and has been in a relentless fall ever since. BATM market sufficient legacy product to keep their head above water and support their R&D.
The "new" stuff is yet to really gain traction from a sales perspective.

Edgility and Edge computing is a very real improvement that companies will adopt. Edgility has had all the good reviews and done all the trade shows even won some impressive business from Cemex to 911. Telco systems has struggled since they took it over and other than a brief moment of glory when they supplied Nokia its been an abject failure in the sales department.
Conclusion Edgility have the product but they clearly can not sell it, they need a close association with a major player and I can not believe they can not find one.
My own view is that they are making a first class mess of this and are wasting their R&D lead time.
Telco systems is hopelessly non managed.

Medical division are addressing a key area in the detection of infectious diseases and Adaltis has been doing a steady business. The issue here is that they are a minnow in a field dominated by large drug companies with enormous resources.
Still its not as if they have no business but their sales growth is anemic.
They do have a large investment in ADOR but then they have invested significant funds in other areas that they have been unable to convert.

Cyber has been a solid performer for them with the IDF contract. Here again we see the same pattern . They were supposed to develop a commercial platform for business. They have cyber bundled with Edge solutions. But where are the sales other than the Israeli military.

OK so we have 3 areas that they have all the right products yet their sales are lacklustre.

BATM brought in a new CEO and went about a restructuring plan to ensure they were more proactive in getting across the line so to speak. This clearly has not worked and enough time has gone by for investors to want to see some results we are not in this to lose money.
The listings fiasco has not been sorted out and management are taking a very cavalier approach with Investors expecting them to believe what they are saying. BATM have created a credibility problem for themselves which was entirely avoidable.

I am assuming that BATM connect with their potential customers the same way they connect with Investors and they are making a complete mess of this.
What we have here is a company with simply massive "potential" that as car1pet might say could not run a chip shop and I dont mean the silicon variety.

I value the company in the 150p to 200p range (no war) 80p to 100p (given the present state of the conflict)
Management need a very serious boot because they are clearly not communicating.
I believe BATM should provide a current update on the business to Investors given the extreme falls in the share price.

[kooba] 20/6/2024 14:41

Death by 1000 cuts.Market cap now £70m ($88.9m) Reported total assets for the 2023 fiscal year was$174.63m of which Reported cash on hand for the 2023 fiscal year was $40.76m.So they are trading at about half stated asset value ..if you strip the cash out then market cap $48.2m against assets of $133.87m a 64% discount to stated assets.Source https://markets.investorschronicle.co.uk/data/equities/tearsheet/financials?s=BVC:LSEInteresting valuation for a business that claims to be at the forefront of a number of high growth markets where it has unique IP. It's valued as a business in real trouble not as it claims.BATM Advanced Communications Ltd is a leading provider of real-time technologies for networking and cyber security solutions and for biomedical and bio-waste treatment solutions via its two operating divisions. Its disruptive, trans-formative technology is backed by strong intellectual property and patents, which is the foundation for the development of BATM's market-leading, innovative and cost-effective solutions.

[resistance1] 20/6/2024 08:48

Reflecting overnight, I'm not going to let the absurd share price worry me on a daily basis. I wasn't planning to sell anything soon anyway. There is of course an opportunity cost about an investment being locked away like this, but our day in the sun will come. It is taking longer than expected to implement the strategic plan and that is the real frustration. If in year we are still saying the same thing that is another matter. I am prepared to wait it out for now.

[fse] 19/6/2024 14:20

From BATM X account. "The #edgecomputing market is experiencing rapid growth across industries. The shift away from cloud-only solutions is driven by cost and performance issues. In 2024, expect a mass migration to cost-effective edge computing solutions."

Edgility only have to make a half baked success out of this to be very profitable. Revenue from Edge computing is starting to gain traction and they have the products. The situation in Israel has gone from bad to worse but that should not have an effect on this side of the business or for that matter on the business as a whole. As far as I know only the cyber is based in Israel.

[kooba] 19/6/2024 14:17

It is certainly not behaving like a company where good news is imminent..quite the contrary I'm afraid.Moti will have to get his generous option award repriced downwards soon to re-incentivise him! His options were at the low price of about 25.5p and some have already expired . The share price being 27.4p when he took the reins...so 40% down since.Feeling rather sorry for him...but at least he's only got options at no cost and not risked his own capital..he can always get more options at the lower levels..sweet.https://www.batm.com/media/1551/grant-of-options-030123.pdf

[resistance1] 19/6/2024 13:55

News is needed asap by all

[car1pet] 19/6/2024 13:46

its looking like its heading below 16p. Current spread 16.05 -16.95

[robertbarns1] 19/6/2024 13:40

NO END TO THIS ?


QUITE A BIG SELL of 101,026k trade at 16.25p



hope we do not see 15p's ?



for some reason i am a bit worried as was hoping to see north of 20p by now lol

[kooba] 19/6/2024 13:35

That is my concern ..also Lombard Odier has been involved in a few delisting then refloat on NASDAQ or privately fund type situations see silence Theraputics and more recently https://www.investegate.co.uk/announcement/rns/c4x-discovery-holdings--c4xd/proposed-voluntary-delisting-/8108664Where Lombard Odier and Richard Griffiths significant holders.Whilst these types of moves might lead to a rerating they do not work for all shareholders ..thinking ISAs. But i doubt pi's will be at the forefront of any decision making.

[car1pet] 19/6/2024 10:41

spread down to 16.40 - 16.95. Maybe Marom and Nagar are planning to buy it out and then refloat.

[resistance1] 18/6/2024 15:47

I’ve often wondered what those tiny trades are all about. Buying fees greater than share value. Maybe some of our more enlightened forum members can explain

[car1pet] 18/6/2024 14:56

I've noticed that the trading day comprises mostly trades at the bottom end of the spread which look like real trades then every so often there is a very small trade 9 -50 shares at the top end of the spread. These trades are so small ie £1-£5 that they don't look real trades.

[resistance1] 18/6/2024 13:09

Car1pet, often my purchases show up as a sale. Softening prices means it is difficult to tell.

[car1pet] 18/6/2024 12:32

One thing I don't understand is who is the other side of the sells. There is a steady stream of sells which has brought the price down but for every sell there is a buy. So who is the buyer?

[resistance1] 18/6/2024 11:10

Guys we all have the company's best interests at heart. Admittedly it has been hard to remain positive with the share price under constant pressure. With the market cap sitting at $70m and the investments in Edgility and ADOR now exceeding this, before even considering the cash and property value of another $35-40m, there is only one way this stock can go on the back of good news. How much longer we have to wait is up for debate, but I can tell you this, we wont be at this level for much longer.

[car1pet] 17/6/2024 22:57

Totally agree with Kooba's messages.

[kooba] 17/6/2024 16:42

What disposals would have fallen through?Thats the constant excuse that they can't deal because of something price sensitive or corporate...nothing ever happens though..ever that might have restricted dealing. Most of the trading news over the past few years has all been negative ..I can understand why knowing that might stop you buying. But under less there is an imminent and certain transaction they have been free to deal since the finals results were announced.I think folks need to accept Moti does not want to put his own money in the company..and never has done.

[resistance1] 17/6/2024 16:30

Perversely I dont want to see any Moti share buying in the near term, as it will indicate that disposals have fallen through. Once these are over the line, then he can (and most definitely should) fill his boots.