Big move on the share price this week - for no good reason!
Can anyone help?
Decent commentary on Investors Champion, www.investorschampion.com, but lots of questions remain

Write this one down..!

I am interested to get some thoughts on this.

Bateman Litwin N.V. is a supplier of technology, engineering, procurement and project management services to the worlds oil and gas, power, renewable energy, minerals and process industries.

Currently trading at 19.00p per share, in the last year the share price has ranged from 11.50p to 186.50p and brokers are currently rating it as a 'buy'.
http://www.investorschronicle.co.uk/Tips/Buy/MiniTips/article/20090406/00fb0204-22b0-11de-8058-00144f2af8e8/Bateman-Litwin-needs-litigation-solution.jsp

The Group uses three industry-recognised brands: Bateman, with a focus on markets in the CIS, Eastern Europe, Asia, Africa and the Americas, Litwin, which targets the Middle East, North Africa and Western Europe, and Delta-T which focuses on renewable energy in the USA and the rest of the world (US ethanol engineer).

They have fallen precipitously like most stocks in recent times. The stock has been held down due to pending litigation with former owners of an August 2007 acquisition of Delta-T. This litigation has now been finalised, but with no impact on the share price (23/04/2009).
http://www.investorschampion.com/blog/entry/bateman-litwin-settlement-of-delta-t-litigation-gets-a-massive-5-lines

The announcement did not say much:

Amsterdam, The Netherlands, 23 April 2009 - Bateman Litwin N.V., is pleased to announce that the litigation between Bateman Litwin and the former owners of Delta-T Corporation (Delta-T), Bibb and Robert Swain,has been settled. The litigation related to the Swains' sale to Bateman Litwin of the stock of Delta-T.

The terms of the settlement are confidential, however, it can be confirmed that as part of the settlement the Bateman Litwin shares held by the Swains will be returned to the Company.

The 6 months to Dec 08 have not been too auspicious, however, which is making me pause for thought.
http://www.bateman-litwin.com/press2.asp?press_id=144&topic_id=8&topic2_id=26

The upside comes from the following paragraph:
The Group continues to benefit from a backlog of over US$1 billion. The markets in which we operate, however, remain challenging and addressing legacy issues has come at a higher cost than originally expected. As a result, the Board is targeting the Group to break even at the EBITDA level for the year ending 30 June 2009. We are, however, encouraged by recent contract awards in all our business units, including three technology awards, totaling over US$100 million. Furthermore, we have reasonable expectations of significant follow on work from projects currently underway. We therefore look to the medium and long term with a continued sense of optimism.

Given the groups market cap is a paltry 21m and it is trading at 2x 2010E earnings, there should be a clear gain to a more reasonable level. That is my point to conclude: this company has issues (no less than poor management!), but is valued far too lowly in my opinion.

BNLN - not a good start to the week for me.....

Had been watching these for some time, and took the plunge after the figures - not my best ever investment decision !

greck0's post from 6th.May mentions poor management (was the delta-t affair due to poor 'due diligence') which I believe has now become even more evident with this proposal to de-list. It would appear that the dutch expect to win the vote at the egm, and trading in the shares (currently 3.5-4p)will finish 30th Oct if they get their way.

Taking account of the strong order book, and past mistakes I think a better way forward would be a good clear out at the top.

Comments from other holders welcome

My charts are showing a retrace straight back up to double figures

Be happy to buy you a drink if that happens magic.....

Your on!

sale just gone through 13.5mln @2.5p