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

           

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

Things are Improving from the last time .........                BVC.LS - BATM ADVANCED COMM (LSE)

Date	Open	High	Low	Last	Change	Volume	% Change
04/09/09	28.2500	28.2500	28.0000	28.2500	+0.2500

Composite Indicator Trend Spotter TM Buy Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold Short Term Indicators Average: 60% - Buy 20-Day Average Volume - 735042 Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 777186 Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell Long Term Indicators Average: 67% - Sell 100-Day Average Volume - 759375 Overall Average: 24% - Buy Price Support Pivot Point Resistance 28.2500 27.9167 28.1667 28.4167

Very good volume after a large 1M trade at middle price earlier at LSE
and share price ready to break ( the neckline ) after completing the INVERTED HEAD and SHOULDER .

Things are looking brighter this afternoon also and the stock has reached the high of the day to 30 / 30.50p +2p

spread 30 / 30.50p +2p

As I said earlier this morning there was the posibility of a BREAKOUT from the neckkline at the INVERTED HEAD & SHOULDERS pattern
today, and the point to this to happen is at 30p as the chart I made on the 26 March 09 shows below

Managed to get some more bullish moments from other places ........

Nice to here the Telco business is well supported with further infrastructure investment around the World.

Investors Chronicle have been bullish about the stock for some time as much
of the others, and keep mentioning the low PE that BVC is at the moment..........

Investors Chronicle
Emerging markets insulate telecoms sector
15 April 2009 - Written by: Malar Velaigam

Mature telecommunications markets such as the US and UK have slowed in the downturn, leaving telecoms solutions providers to rely on consumer and infrastructure-led growth in emerging markets for insulation. And with 3G finally being rolled out in China this year, and other emerging regions such as Brazil and India still in the implementation phase, demand for investment in infrastructure and new devices in these regions could be sustained.

Emerging economies are still spending on telecoms infrastructure with consumers in some markets, such as India, bypassing traditional fixed line phones and moving directly to wireless networks.

So companies such as billing and operating systems provider Intec Telecom Systems continue to report robust performance, despite the difficult economic climate. Intec, which has operations in Asia Pacific and Central and Latin America, revealed that the six months to March had been the group's "strongest ever first half", with sales expected to be at least 38 per cent higher than last year's 61.3m. And, with three-quarters of revenues collected in US dollars, and most costs incurred in local currencies, favourable currency movements are helping to offset softer demand in Europe and North America.

Traffic control specialist BATM Advanced Communications ( BVC ) and wireless testing group Spirent Communications ( SPT ) are benefiting from similar trends. With almost a third of 2008 orders stemming from Asia and 54 per cent of sales generated in the US, Spirent will gain from currency movements. Meanwhile, BATM's full-year results attributed its 39 per cent sales growth to additional demand from new territories.

But while emerging markets are supporting these telco service providers, mature markets should not be written off. Growing internet usage and demand for more bandwidth should continue to provide sales growth for the sector.

IC VIEW:
Emerging markets infrastructure investment and a growing appetite for new technology around the world have made telecoms a defensive sector in the recession. Shares in Intec Telecoms have risen by 62 per cent since to 47p our buy recommendation (29p, 1 December 2008) and remain a buy. Shares in BATM have fallen 42 per cent since our buy advice (52p, 22 September 2008), but with $53m (36m) cash in the bank and a forward PE of five, the shares are still a buy at 30p. Spirent is fairly priced at 54p.

http://www.investorschronicle.co.uk/Companies/ByEvent/TradingNews/Inbrief/article/20090415/da2ed5b4-29a4-11de-8da9-00144f2af8e8/Will-emerging-markets-insulate-telco-service-providers.jsp

BATM website is busy with information this days, here is another one with US Broadband Stimulus package ..........

http://www.batm.com/int/index/en/broadbandstimulus

The telecommunications industry is abuzz with speculations about the recently passed US Broadband Stimulus package. The package includes $7.2 billion dollars for broadband projects in the US and targets rural and underserved communities as prime benefactors of the funding.

The monies are being allocated through the US Department of Agriculture Rural Utilities Service (RUS) and the National Telecommunications Information Administration (NTIA). Both agencies still need to define the parameters of their programs and develop applications and application processes, They'll need to do this quickly since all RUS funds must be allocated by September 30 of this year, and all NTIA funds must be allocated by September, 2010. This is expected to be a monumental task considering RUS grants and loans in previous years amounted to about 1% of the 2.5 billion that is now on their plates! Applicants for the RUS funding should be ready to file by May 1.


The NTIA has received $4.7 billion with at least $4.35 billion for broadband technology opportunities. While this is completely in the form of grants, much of it may be given directly to states or be transferred to the FCC for purposes of developing a national broadband plan.

The NTIA will begin to have meetings with outside parties interested in these grants beginning March 2. A joint RUS, FCC and NTIA public meeting is also schedule for March 10. All awardees must comply with non-discrimination and network interconnection obligations and the FCC's network neutrality guidelines.

RUS has a long history in lending and awarding grants for infrastructure programs and has a low default track record. For RUS, the stimulus funding - in the form of grants, loans and loan guarantees - will target projects where 75% of the access area is rural that does not currently have access to high-speed broadband service.

How Telco Systems can help

With a complete FTTH access solution that is already RUS-approved, Telco Systems is well positioned to help you specify equipment to support a fiber-based infrastructure that meets the guidelines set forth by the Broadband Stimulus package. Our FTTH solution is standards-based to deliver up to 1Gbps of bandwidth. These products are field-proven, offering a triple-play solution for both residential and SOHO deployments. If you have questions about the provisions of the Broadband Stimulus Package, or Telco Systems products that can be specified in your plans, feel free to contact our FTTH expert toll-free at 1-888-732-7557, or email at FTTHexpert@telco.com

THIS IS HOW IT LOOKS ON THE CHART with the lines at neckline and breakout

BVC - BREAKOUT of the INVERTED HEAD and SHOULDERS

We had today a BREAKOUT 30.75p from the - Inverted head and shoulders - that I have been taking about for the last 3 weeks.

Inverted head and shoulders

Appearance:
The head and shoulders bottom or inverted head and shoulders must follow an extended price decline or downtrend. Price makes a low which forms the left shoulder and bounces to a minor high. Price then achieves a major low which forms the head, then bounces to form one more minor high. Price declines again but does not penetrate the major low before it bounces, forming the right shoulder. The minor highs are connected with a trend line which may slope upward, and this trend line is called the neckline. An upside breakout from the neckline is the buy signal for this pattern, which confirms that a lasting low has been made and that a reversal of the downtrend has been made.

example

This stock formed a head and shoulders bottom after a big price decline. Once price penetrated the neckline which formed along the reaction highs, the stock reversed the downtrend and moved higher.