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

           

CEO video after the results ...........

Executive Videos for March 17, 2009 | Big Winner

Zvi Marom, Chairman of BATM Advanced Communications:

http://www.bigwinner.org/2009/03/18/executive-videos-for-march-17-2009/

Most likely will have a recomendation on Tomorrows IC or week after .......

Investors Chronicle ( comment on the results yesterday)

BATM charges ahead
Created: 18 March 2009 Written by: Malar Velaigam

Continued strong demand for BATM's computer network traffic control products has propelled the company's revenue to record levels. With new geographies and markets starting to bear fruit, chief executive Dr Zvi Marom remains optimistic on future prospects.

Dr Marom attributes the continued double-digit growth in revenues to demand for BATM's cost effective telecoms products from key players such as AT&T and Verizon. The top line has also been lifted by a full year's contribution from its medical business, which uses BATM's technology to manage network equipment in the medical sector. This operation generated sales of $18.4m (13.2m) last year, and even made a "small" pre-tax profit. The division has been bolstered through the acquisition of an Italian clinical chemistry diagnostic company and Dr Marom expects "significant" growth here in 2009 and 2010.

BATM has continued to plough back earnings into research and development (R&D) which increased by over a third to $12.8m. Dr Marom says BATM has "some pretty innovative stuff" coming out this year and in 2010 and notes that the first two months of 2009 have started "positively."

Analyst Tintin Stormont of Singer forecasts of pre-tax profits at $22.2m and EPS of 5.2 (2008: 6.9) assume flat revenues and a lower gross margin due to the growing contribution from the medical business.

edit - EPS, should read (2008: 6.19)

Retracement of 68% since results on Tuesday, 29.25p intraday high to 24.50p closing price yesterday.
How far down will SHE go before the bounce?

Indicators - blue line - RSI, green line - Slow Stochastic

Dollar sell-off gathers momentum

The dollar dropped to a two-month low on a trade-weighted basis on Thursday as its sharp sell-off gained momentum after the Federal Reserves surprise decision to embark on a quantitative easing approach to monetary policy.

The announcement by the Fed on Wednesday that it would buy $300bn in long-term Treasuries surprised investors, who were expecting the central bank to wait and study the effect of previously announced measures to ease credit conditions.

Lee Hardman, of Bank of Tokyo-Mitsubishi UFJ, said the aggressive expansion of the Feds balance sheet was likely to lead to further losses for the dollar. The dollars decline reflects both its diminished appeal as a store of value and reduced relative yield appeal, he said. The Feds shock-and-awe approach clearly marks it out now as the most aggressive central bank in its response to monetary easing, which should weigh on the dollar.

The dollar, which on Wednesday had its weakest performance against the euro since the creation of the single currency in 1999, fell further on Thursday.

By midday in New York, the dollar had fallen 1.5 per cent to $1.3725 against the euro, lost 1.7 per cent to $1.4555 against the pound, dropped 1.8 per cent to SFr1.1175 against the Swiss franc and eased 2.4 per cent to Y93.70 against the yen.

The dollars losses were most acute against the Norwegian krone. The krone, which was supported by rising oil prices and its growing haven status, rose 3 per cent to a five-month high of NKr6.3201 against the dollar and climbed 1.4 per cent to NKr8.6751 against the euro.

The dollar has attracted haven flows in recent months as investors flocked to the relative safety of the US currency as stock markets tumbled. This deleveraging has made it one of the best-performing currencies so far this year.

However, Neil Mellor, of Bank of New York Mellon, said that while the Feds action meant the dollar no longer possessed the haven appeal it had, currency investors had not necessarily entered a new world.

If we get another sell-off in stocks then we could still see people scramble for the dollar, he said.

Indeed, Marc Chandler, of Brown Brothers Harriman, said the Feds action was not necessarily a game-changer for the dollars strength. Our big macro-view was that the de-leveraging which we believe has been the big driver of the foreign exchange market would fade and be replaced by a return of anticipated growth trajectories [among major economies], he said.

Thus, while the dollar might suffer in the short-term, Mr Chandler said, once markets realised that the aggressive Fed action was likely to deliver a recovery in the US more quickly than for other economies, the currency would rise.

Over the slightly longer term, we continue to believe that the aggressiveness of the US policy response dramatic inventory correction will be rewarded with an earlier recovery than in Europe and Japan, he said.

The Dollar against the Pound
-------------Intraday chart ------------------------1 year chart

Comment from David Schwartz -- F.T.com - 21 March 2009 -

As far as my own trading is concerned, one recent buy was BATM Advanced Communications, the designer and producer
of broadband data and telecoms systems

BATM shares fell sharply in the second half of 2008 because of poor market conditions, plus fears that telecom network
providers would cut back on capital investments.

But the experts were wrong. The companys 2008 profits came in 22 per cent ahead of 2007. BATM also states it saw
no sign of a slowdown in the first two months of 2009.

In spite of this positive outlook, shares have fallen since the latest earnings report was released last Tuesday.
Investors clearly remain concerned about BATMs 2009 prospects.

But they ignore that the company is a profitable, dividend payer with a price-to-earnings ratio below six quite low,
regardless of underlying market conditions. Another plus is that its mobile network management equipment improves
network efficiency. Network operators might wish to reduce some capital investments during hard times but
it is less likely that they will cut back on products that improve profits.

It is also worth noting that the company is shifting to a software-style business model which will provide initial licence
fees followed by periodic servicing revenues. As a result, its future earnings stream will be smoother and more predictable.

One final plus is BATMs expansion into markets such as surveillance and medical devices. It recently took advantage
of unsettled economic conditions to make several small bolt-on acquisitions in these areas.

All together, I believe the City had overdone its concerns about BATM and a recovery is on the cards.

http://www.ft.com/cms/s/2/b093eba2-1579-11de-b9a9-0000779fd2ac.html

Someone nibling 1,17 million after results and moving over 5%...........

J O Hambro Capital Management Group Limited

Date of transaction (and date on which the threshold
is crossed or reached if different) on 19 March 2009

New Holding 20,681,280 shares - 5.16% ( 19,664,493 shares )

Reason for disclosure moving over 5%

an easier chart for dopes like me to read!



if sp can now breach this 25/50 dma hurdle, then tasty run could/should be on the cards

Another rise today as the order book is strong.

The "AT" have been busy as some large trades are going on and volume goes to over 2M

cynic

re- an easier chart for dopes like me to read!

If only we could know the days for the the lines of the Moving averages, then we could all enjoy.

I do know the GREEN one is 50 MA

sorry .... red is 25 and black 200

With the rise of the last couple days the shares have again moved over
the 50 days Moving Average, considered positive

I can see some new shape developing on the CHART >>>>> INVERTED HEAD and SHOULDERS

Inverted Head and Shoulders

A head and shoulders bottom is a reversal pattern which occurs following an extended downtrend. This bullish pattern is named for the three lows which resemble an inverted head and shoulders pattern. The buy signal is when price breaks above the neckline.



EXAMPLES

Further rise today to 26 / 26.50p +0.75p at the moment, with some good volume at LSE.

This is good news for the chart as the 50 days MA is being crossed UP again

Strong till the end and no "UT" so middle price was the closing price as the shares move UP just before the close to 26.75 / 27.25p + 1.50p.

Nice white CANDLESTICK today

certainly starting to look good, though the markets are generally very strong

I managed to get the chart of how the chart is shapping to the ..................INVERTED HEAD & SHOULDERS

There are three good reasons for looking optimistic at the moment on the charting business

1 - The 50 days moving Average has been surpassed for some time now

2 - The Inversed Head and Shoulders is getting closer to the BREAKOUT though still far away but today's volume helps on the rise (right shoulder - rise and volume )

3 - The TREND has change also during the last week and is now more confortable than in the past >>>> UPTREND

The above comment on a chart

More noices about ETHERNET defying the downturn .............

Carrier Ethernet market defying downturn

Campbell, CALIFORNIA, April 6, 2009 Market research firm Infonetics Research released the first edition of its biannual Carrier Ethernet Equipment report last week. Highlights from the market size, market share, and forecast report follow.

ANALYST NOTE
The economic downturn favors carrier Ethernet technologies and products, as they are a less expensive alternative to legacy equipment. In fact, service provider investment in carrier Ethernet equipment is growing faster than overall telecom capex. Carrier Ethernet is one of the key technologies globally integral to IP next gen network transformation projects pushing the move from TDM to packet based networks. These IP NGN projects depend heavily on IP, MPLS, and Ethernet, and gradually will employ the use of Ethernet transport instead of SONET/SDH. Service providers spent $17 billion on carrier Ethernet equipment in 2008, and will increase their spending every year at a healthy clip over the next 5 years."

Carrier Ethernet market defying downturn

And yet more good news for BVC with TVs internet for the future ...

http://www.ft.com/cms/s/0/3731ef52-ddb6-11dd-87dc-000077b07658.html