The main points at the Year end results were:
* Strong cash position: $55.2 m and no borrowings (2001: $56.6m)
* Significant R&D program maintained
* General and administrative overheads reduced by 37% - in line with strategy
* Awarded an exclusive contract with a leading regional Bell operating company in H2
* Won first major contract for VOIP platform in the US

The company is increasing its presence in several markets which have substantial potential, including the Far East and despite the recent decline in revenues, they are now serving more customers in more countries than ever before.

Dr Zvi Marom, Chief Executive has ensured the company is debt free and cash rich. He has kept a tight control on expenditure and been very smart as to whom he chose to do business with.

The high speed Internet business just taking off and systems have to be upgraded to take up high data load and telcos simply need equipment’s made by makers like BATM.

With time, Financial Institutions will seek out companies which represent good value and strong potential in terms of their growth and BATM is one such company.

BATM shares are trading at cash position 8.50p but at half their NAV of 17p, with all this good points, and the trend on the chart is definitely on the up since the start of April, time to get on board. Dates -- News
09 Dec 08 Signed a contract of medical equipment in excess $1m with substantial upside in the future
07 Jan 09 Revenues will exceed $132m for the full Year 2008, results early March
17 Mar 09 Year results Pretax rise 20% sales 39% and dividend to 0.69p
1 April 09 Vigilant Technology Expands Operations to US & Singapore
12 May 09 Update - cautiously optimistic it will meet targets
14 May 09 CEO Zvi Marom, buys 200,000 shares @ 31.375p
Newspaper comments
18 Dec 2008 Share Magazine selects BVC for the Growth Portfolio
18 Dec 2008 Share Magazine selects BVC for the Growth Portfolio
05 Feb 2009 investegate/article Investech shareholding
18 Mar 2009 CEO video after results - post 19569
18 Mar 2009 Investors Chronicle says "BUY" after 2009 results -

Intraday

4 month candkestick with Indicators ad support /resistance

6 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 5 days

Links    batm web    Vigilant Web    PLUS Market Trades

           

Able to BUY at middle price online

A few good size trades ( though some look like - roll overs - same size and almost same time but same price also not right )
The trades are at both LSE and plus market at middle price 33.375p (33 / 33.75p)

Looking at online prices, then one reach the conclution are buys, as that is the price online for purchases.

Most likely the MMs trying to get rid of some overhang from the sales last Wednesday.

Obama's Broadband Plan

Tax breaks for companies that increase Internet speed or create new networks are likely to go to existing large players

The Obama Administration has pledged support for universal broadband, or making speedy Internet service available to all Americans.

http://www.businessweek.com/magazine/content/09_03/b4116027365196.htm?chan=rss_topStories_ssi_5

re -Obama's Broadband Plan

Certainly good news for BVC, already well known Obama's plan, but as he is getting close to being on OFFICE the talk is being made stronger and the Tax credits will be a major help on the proportions they are mentioning.

Looking positive today after a few days on the downturn, some good large BUY trades last Friday

An end of day close above the 50 day moving average at 34p and a weekly close through the January intraday high of 39p would "confirm" that a major base has been made, and that we could see substantial gains

Some nibbling at this prices at "market plus" only "AT" at LSE, on what we could call a 30p base support at the moment

spread price 30 - 30.50p now

"market plus" trades
Trade Date Trade Time Price Volume Type Considerations
16/01/2009 13:04:23 30.50 10,000 O 3,050.00 - BUY
16/01/2009 12:46:11 30.50 10,000 O 3,050.00 - BUY
16/01/2009 12:28:26 30.75 10,500 O 3,228.75 - BUY
16/01/2009 12:15:01 30.50 6,514 O 1,986.77 - BUY
16/01/2009 12:06:10 30.75 2,000 O 615.00 - BUY

the base at 30p I said earlier showing on the 5 days chart

UK goverment wants future boom in internet commerce from companies that pledges to invest nationally in super-fast broadband access.............


From The Sunday Times -- January 18, 2009
TV giveaway to fund high-speed internet

THE governments money-spinning auction of Britains television airwaves may be scrapped under plans being considered by the communications minister Lord Carter.

Instead of selling slices of spectrum to the highest bidder, Carter is examining proposals to give away spectrum to companies in exchange for a pledge to invest nationally in super-fast broadband access.

The idea is expected to form part of his interim Digital Britain report, due for release on January 26, which will propose a range of measures to prepare the country for the future boom in internet commerce.

Failing to hold an auction would mark a departure for the government, which scooped the jackpot in 2000 when five mobile-phone operators spent a collective 22.5 billion for 20-year licences to carry third-generation (3G) services.

This time it is selling the old UHF band, which currently carries the analogue TV signal that will be switched off in 2012. The so-called digital dividend was expected to raise anything up to 5 billion at auction. Ofcom, the telecoms regulator, has already recruited the Morgan Stanley investment bank to drum up international interest ahead of a sale in 2010.

The new scheme is being promoted by Nesta, the National Endowment for Science, Technology and the Arts. Under its Spectrum for Speed strategy, Jonathan Kestenbaum, Nestas chief executive, argues that giving away licences to the value of 5 billion with strings attached would accelerate the roll-out of broadband to remote and disadvantaged parts of Britain at speeds of up to 100 megabits a second.

The case for this type of deal is compelling, Kestenbaum said. In unprecedented economic times, we have to think imaginatively about how we can invest in big infrastructure projects while not cutting off large swathes of communities from economic and social development. Nesta said the plan could create 600,000 new jobs over the next five years.

Carter will impose a service obligation on broadband operators and mobile firms to provide basic broadband for all, but he has hinted the government would have to play a financial role in launching high-speed networks.

His view conflicts with a report from Francesco Caio, the former Cable & Wireless chief executive, who said it should be the telecoms industry, not government, that stumps up billions for new networks.

By giving away spectrum the government would not reap any income, but nor would it have to contribute to broadband spending later on.

BT has already committed 1.5 billion to replacing some of its copper wires with fibre-optic cables, but that would only cover 40% of the population. Virgin Medias cable network covers roughly half the country.

Ofcoms attempts to redistribute spectrum have been mired in controversy. The regulator is being challenged by mobile firms Vodafone and O2 over plans to take back part of their mobile spectrum and sell it to rival firms so they can launch their own 3G services.

The auction model has been largely discredited, said one source. It was seen as doing more harm than good last time around.

The Digital Britain report will also talk up the prospect of Channel 4 securing its future through a partnership, possibly by merging with rival Five.

In addition, Carter will sketch out regulations forcing internet service providers to collect information on illegal downloaders and pave the way for further consolidation in the regional newspaper industry.

Another day of weak order book and moving lower with the Market trend.
At one time 11:53:26am a 27p "AT" has make this price the lowest for some time

Last 5 trades from "plus Market"

Trade Date Trade Time Price Volume Type Considerations
20/01/2009 12:32:00 28.45 20,000 O 5,690.00 BUY
20/01/2009 11:54:19 27.05 6,698 O 1,811.81 SELL
20/01/2009 11:52:01 28.06 1,000 O 280.62 BUY
20/01/2009 11:46:00 27.75 2,000 O 555.00 BUY
20/01/2009 11:45:57 27.75 4,000 O 1,110.00 BUY

Support was broken and shares dropped more than the trades would on other times.

Next support at 27p was touched yesterday and bounce a bit from it.

Could not post yesterday as Moneyam did not allowed me ( issues) to "LOG IN"

will try to post some items that I posted on other places a bit later, I must look for them

From another BVC thread ........

Master RSI - 4 Feb'09 - 14:53 - 18970 of 19006 edit
What goes down MUST go UP

The Share price is not in a hurry to move forward too fast, but sure there are too many things by now, pointing to better things to come:

Level 2 is highy positive today

"O" trade buys are back

Indicators pointing a change of direction

Results due next month and are going to be very good as the company anticipated

The P E for a company on the TECHNOLOGY business, making large profits paying dividend and having a large cash $60M (10.6p) is just above 4 seriously DERISORY

BULLISH HAMMER

Type: Reversal
Relevance: Bullish
Prior Trend: Bearish

Definition:
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.

Important Factors:
If the hammer is characterized by a close above the open thus causing a white body, the situation looks even better for the bulls.

       

Yesterday on in Shares Magazine:

"In an effort to build a digital economy, President Obama wants to improve Americas broadband network, and increase funding for information technology (IT) and computers in schools. BATM Advanced Communications (BVC), the leading manufacturer of the routers and switches needed for high-speed broadband to work, is likely to benefit from this goal. Spirent (SPT) is another potential beneficiary, as part of its operations test"

"The leading supplier of routers and switches for high-speed broadband saw its shares slump to from 60p to 26p as top line momentum decelerated towards the end of 2008. Shares in telecoms equipment manufacturers have been hit hard by the economic slowdown, but BATM is a well-run company with $60 million of cash in the bank. Januarys trading statement advised 2008 revenues will exceed $132 million, translating to a year-on-year 35% rise. And with both the US and UK governments having committed to nationwide broadband roll-outs, BATM should certainly be among the winners. (JF)"

Master RSI - 5 Feb'09 - 21:39 - 18992 of 19007 edit
The owner of someone buying lately with the large trades has a name now ......... Investec

Small Cap snapshot: Investec starts investing -- By Rob Mackinlay
Wednesday 4 February, 2009

According to the funds most recent factsheet, it also has three per cent invested in FTSE Small Cap, BATM Advanced Communications.

According to the Financial Express database of 56,000 funds, BATM is held by seven funds. It is the biggest holding in Gartmore UK & Irish Smaller Companies as well as Gartmore Smaller Companies PLC. The second biggest holding in Gartmore Growth Opportunities.

It is also in the top ten holdings of
JOHCM UK Growth, Smith & Williamson UK Special Situations, and CF Techinvest Technology.

However BATM has seen its share price tumble 60 per cent since September last year. Rodrigs said: "Ive held BATM for several years because it is one of the leading players in next generation telecom equipment based on IP technology. Basically telecom companies need to rip out their old inefficient ATM equipment to put in IP technology to stay competitive. It enables lower costs which benefits both the telco and the customer."

He added: "BATM had a breakthrough year in 2008 with sales growing circa 60 per cent in the first-half. Unfortunately investors fear the worst due to the macro problems even though the evidence is that BATM has massively outperformed the peer group by comfortably delivering 08 expectations. I took profits at that point so it is no longer my largest holding, and subsequently weve seen some aggressive selling which suggests there might be a forced seller due to redemptions. This looks to be coming to an end leaving the stock looking very attractive with half the market cap in cash leaving the business on c3x p/e underlying."

it seems at the moment Both Magazines are Highly positive about BVC.
They are not alone, as I am trying hard to highlight the level at which the shares are undervalued at the moment.


IC Cover Story today:

Bargain Shares - 6 great value investments for 2009: -
Mallett, GNE, French Connection, Trikona Trinity Capital, Trafficmaster and BATM.

BVC 27p +2.50p

Has move up further UP from earlier move higher at the start now 27p +2.50p
Indicators moving higher from oversold MAC on DIVERGENCE

3 months Bollinger Bands - 50 days MA - Indicators

From BVC web site
Steady rise on the sales and the same on profits once was turn around on the YEAR 2006

The end of the fall?
getting closer

the last 3 trades are buys, if the spread gets narrower then and "AT" at offer should come soon.
just now up on the bid to 23.75 / 24.25p


for the record
last 3 trades at - plus market -
spread 23.50 / 24.25p at the time,

Trade Date Trade Time Price Volume Type Considerations
18/02/2009 13:45:36 23.95 15,000 O 3,592.50 buy
18/02/2009 13:26:06 23.95 10,000 O 2,395.00 buy
18/02/2009 13:12:26 23.80 10,000 O 2,380.00 buy