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

           

Whilst not agreeing that the CEO has been especially smart (shares off by nearly 99%) I have bought a few as a long term speculative recovery play on the Telecom market



ains

This share is moving up today 9.85p a good 1.45p

yes ..... the bid has tended to be moving northwards with a very much narrowing spread - vols are quite high

not much news around but this was part of a US interview last week


TWST: Shall we begin with an introduction to BATM Advanced Communications(London:BVC.L) including a brief historical sketch?

Dr. Marom: BATM started as a bootstrap company in1992. Through the years from 1992, we were involved in building IP devices, mainly routing switches and routing switches with a connection to circuit switching and communication. The company went public in 1996 on the London Stock Exchange and has since then received several awards. In 2000 we bought an American company called Telco systems in Boston and we are active in the United States, Europe and now in the Far East as well.

TWST: Can you tell us about the past 12 months at BATM? How has the company navigated the difficult waters of the Telecom space, coupled with the overall economic downturn?

Dr. Marom: It has been a rough year for all, but in general our revenue declined only 10%, which is not so bad. We had seen what was happening and what was coming and actually we told our investors and shareholders and everybody that this decline was going to happen. We also prepared the company and we are totally debt free with enough cash. We have no lost debt or any customers that went bankrupt and even in this difficult time we are basically profitable. So overall we are in good shape to survive this storm and further more we are in very good discussions whereby even in this difficult time we are both getting contracts from our main customers and even new customers are coming in. So while it is a difficult environment, these are not very bad times for us.

TWST: What is the strategic direction you would like to take the company in over the next two years and what goals have you set along the way?

Dr. Marom: My main interest is not what we are going to do in the next two years, but what we will be doing in the next 5-10 years. We think that we can become quite a substantial world player and I am geared towards the organic growth; although, certainly if we see an opportunity to do an interesting M&A we will certainly do so. We see ourselves strongly positioned in three major regions US, Europe and the Far East, and with partnership with at least 10-15 of the world largest carriers.

TWST: When you have a chance to sit down with potential investors what are the three or four key points you want to impart to them?

Dr. Marom: One of the question that I ask myself everyday is simply, are we a good company or not? I think especially now that times are tough I can say that we are a good company. You measure good companies in bad times not in good times and I think we can be defined as a good company. The second point is, if you are talking about someone who wants to invest in the IT sector, which is certainly is one of the long-term growth sectors under any scenario, and if they are looking to invest in a small to medium size company of 100 million turnover plus or minus, then I think we are an attractive company. We are international and we have taken the right steps. So, we might be interesting for such an investor. The third point is that we have plans that a make a lot of sense and we will guarantee, as much as you can guarantee, substantial growth for the company in the long-term. And that will be I think quite good to anybody that invests in the company.

Blimey Keith...are you still long on this dog ???

I remember when you boasted of buying 3k at 350p just
a week before the profits warning :-))
Tell me you have made profits on these going long all
the way down.
Remember the magic13 price as well ???...108p

LOL

Gravy

total of 200k bought in last half an hour ..... reminds you of days gone bye when the tech companiew were going to rule the universe. Made a lot of money in these at the time.


Offer being pushed up

LOL !!!!

Keep up the lies Keith :-))

Gravy

Could you two stop this bikering kiss and make up.

By the way the shares are now motoring 11 bid to 12p offer and the volume is increasing all the time.

I think there must be specific news or a tip

just looking at the volumes - daily average is around 900k - today it was 1.2 million - up 32% at close

up 19% intraday 0n 1.8 million traded :-)

Is having the live of their time this week .

Buys pile in this morning from the start and the price move up accordindly 15-17p now

Well the shares have gone nuts this morning and had a pause all afternoon, nevertheless, plenty of dealings have gone on and now the shares are at 20.25-22p with a record volume of 7.9M.

Have broken the resistance at 18.50p and now looking for a new high.

a last minute charge and the shares 21.50-23p, lets see if we can break the 22,50p, then the sky is the next limit.

Cisco about to bid is the rumour in the USA!

When did you hear that one Leo..?

up 12% at the end of the day and will climb to 40p by the end of the month.. I feel ..

Looks like its having breather.
Saw a fascinating example of how to trade BVC at the Moneyam Traders Day. Will never invest in this one but with such a wide spread it looks great for any direct access level 2 traders.

Seems that this one is having a bout of profit taking. Anyone have any news on how the company is doing?

I peg you as right. Just appears to be nerves and profit taking. There only appears to be good news apart from the price :-)