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

           

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

As expresed on the past, the INDICATOR - Slow stochastic - works pretty well for the timing on the bounce ( short term )

Is now reaching the point of OVERSOLD, so a matter of time for the bounce, that at the same time could be the famous " Double Bottom " acting together.

Take a look at ENK Master and tell me what you think.

They've got the planning permission and the sp is 70% up. Will this continue?

As the L2 is strong the share price is already bouncing now 24.25 / 24.50p

With a bit of luck the CANDLESTICK could be positive also, I would go for a HAMMER

dealerdear

re -ENK

The good news got the share price moving fast and now has double for the last 2 weks, it may continue a bit higher tomorrow, but expect some profit taking once again, specialy on this times.
The longer term chart looks good for the future

You have to make up your mind if is short term or long term your investment

Many thanks

The Famous " Double Bottom " outlined on the CHART

A good spike on the volume today, and the positive point is the share price is rising.

A few 250K trades on the ticker

2 months candlestick with volume

from another thread as price close at 23.50p +0.25p..........

Master RSI - 27 Feb'09 - 17:45 - 19242 of 19242 edit
A very lucky closing price, and the way for a "bullish reversal pattern" once again, after the last two "BULLISH HARAMI"
were bullish and just needed a third day to close higher like today to give us a .........
"bullish reversal pattern"

On 4th closing price 25.25p was giving "Short-Term Bullish signals"

04 Mar 2009 Price Crosses Moving Average (21-day) Short-Term Bullish
04 Mar 2009 Williams %R Short-Term Bullish
04 Mar 2009 Short-term KST Short-Term Bullish
04 Mar 2009 Momentum Short-Term Bullish

From lightreading.com

News Analysis: Global Capex Set for 2010 Rebound

Carrier purse strings will be tighter in 2009, but the overall global telecom capital expenditure (capex) is set to rebound in 2010 and continue to rise in the following three years, according to a new Light Reading Insider report.

According to analyst Simon Sherrington, global annual capex is set to decline by about 0.7 percent in 2009 to around $297 billion, with steeper declines in mature markets such as the U.S. and Western Europe offset by investments in growth markets such as China and India, and regions such as Africa and the Middle East.

But the contraction should be short-lived. In his report, "After the Freeze: A Five-Year Telecom Capex Forecast," Sherrington forecasts an increase in global spending in 2010 and in the following three years, with the global capex total hitting $350 billion in 2012 .............

CANDLESTICK
WHITE MARUBOZU

Type: Reversal/Continuation
Relevance: Bullish

Definition:

The White Marubozu is a single candlestick pattern characterized with a long white body having no shadows on either end. It is an extremely strong bullish candlestick pattern.

   

For those that got the time this weekend, a good reading

The information Technology & Innovation foundation | march 2009

The Need for Speed: The Importance of Next-Generation Broadband Networks
http://www.itif.org/files/2009-needforspeed.pdf

BVC was tipped in moneyweek last Friday.............

As most of the West shrinks into recession, one area bucking
the trend is the internet. Growth is slowing, but the amount of
online traffic is still rising by more than 50% a year.This is
being driven by new, data-hungry applications, such as peer-topeer
file sharing and online TV, along with the increasing
number of broadband users. With government stimulus
packages set to plough investment into the digital age and
more families deciding to enjoy a cheap night in, this growth
rate could actually
accelerate.

One stock that has been benefiting from the online boom is Israeli firm BATM.
The company specialises in niche broadband routers
and switches that help network operators to cut their running
costs, increase their bandwidth and deliver innovative new web 2.0 services.
So how is the business faring? At Januarys trading update,
performance was still on track, despite some of its larger
rivals such as Ciena and Cisco reporting difficulties.
Preliminary results for 2008 are out this month, with house
broker Shore Capital expecting sales and underlying earnings
per share of $132m and 7.7 cents.That means the stock
trades on a ludicrously cheap p/e of less than five, and
has about $60m (around 11p a share) of cash in the bank.
Id value the firm on a ten-times through-cycle operating
profit multiple, discounted back at 12% generating an intrinsic
worth of around 50p per share.
Potential snags are that this is a small firm with heavyweight
rivals. Its also sure to be hit near term by customers deferring, or
even cancelling, orders. But with blue-chip customers, first-rate
proprietary products and the potential to benefit from Nortels
recent demise, I rate the stock a buy. There will be bumps along
the way, but with the long-term fundamentals still intact, coupled
with its sound balance sheet, investors can afford to be patient.
Recommendation: speculative BUY at 24p (market capitalisation 92m)

Looking forward to tomorrows trading and hoping for a continuation of the movement UP. The change to UPTREND would be on the cards then.



a closer short term chart