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

           

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.

Interesting day with a low start and then moving forward fast at the close as larger trades went on with a rise of 1.75p

Some more good news ...............

Telco Systems Expands FTTH Solution to Meet Demand for Cost-Effective Delivery of Broadband Services
* On Monday April 27, 2009, 9:27 am ED

FOXBORO, Mass.--(BUSINESS WIRE)--Telco Systems, a BATM Company (LSE: BVC - News) has announced the expansion of their Fiber-to-the-Home (FTTH) offerings with the introduction of the EdgeGate 242W, an indoor wireless-enabled active Ethernet residential gateway, and an enhanced EdgeGate 483 outdoor CPE gateway with dual 1Gigabit uplinks.

The EdgeGate 242W offers service providers the ability to deliver full triple play services while solving the home owners problem of in-home wiring by using wireless home networking. As a single box solution, the EdgeGate 242W also offers enhanced TV options with support for both IPTV and RF video, advanced routing capabilities and enhanced telephony features like three-way calling, call forward and hold, distinctive ring, and T.38 support for fax over IP.

A built-in bridge and router enable customers to connect their home network either through one of four 10/100Base-T LAN ports or the wireless 802.11b/g access point. Analog phone sets can be connected to one of two FXS POTS ports to provide VoIP using SIP signaling protocol. The EdgeGate 242W supports up to 100Mbps downstream and 100Mbps upstream over bi-directional fixed fiber ports.

Designed for indoor installations, the products fiber optics cable management module can be installed prior to activation of the service, and the active components can be connected when the service is signed. Service activation is completed easily by the end user with no need to send a technician to the customers house.

The EdgeGate 483D is an enhancement to the existing outdoor EdgeGate 483 family which adds dual 1Gigabit fiber uplinks to support ring and chain topologies of multiple units. The EdgeGate 483D offers eight Ethernet ports to support both data and video services for computers and TVs, and two analog voice ports which can connect to two separate telephone lines which are converted to VoIP. This EdgeGate has an unique design that future-proofs the users access connection by supporting either 100Mbps or 1Gbps dual uplinks in the same product, thus allowing the service provider to start deployment with 100M network and upgrade to 1Gigabit without replacing the CPE. The outdoor design provides separate technician access areas from subscriber access areas as well as enhanced cable management.

As Point-to-Point (P2P) Active Ethernet CPE gateways, both products enable providers to offer dedicated bandwidth based on the subscribers individual requirements and offer differential services for residential and business customers in the same area. Active Ethernet also supports a pay-as-you-grow philosophy by allowing new subscribers to be added within a 100km service area at minimal cost.

The Telco Systems EdgeGate product family is part of the Companys field-proven RUS approved Active Ethernet solutions that include fiber aggregation switches to support up to 10Gigabits in a resilient ring or mesh topology in the metro network. These Carrier Ethernet aggregation switches and the field-proven EdgeGate CPE devices are the building blocks to create a complete feature-rich and cost-effective FTTH solution. As standards-based solutions, they create a flexible network topology which is not single-vendor dependent.

We are pleased to offer a complete solution that can be implemented into a customers current network easily, provides higher bandwidth, and opens the door for a wider array of services, stated Irit Gillath, vice president of product line management at Telco Systems. We are already seeing deployment of the EdgeGate 242W in Europe and many US customers who deploy the current EdgeGate 483 are eager to implement resiliency with the new dual uplink option.

Both new EdgeGate products will be available within 60 days.

http://finance.yahoo.com/news/Telco-Systems-Expands-FTTH-bw-15039360.html?.v=1

Long term CHART with the TRENDS for the past 14 month

From another thread.......

Master RSI - 1 May'09 - 15:32 - 19816 of 19817 edit
The share price has been very resilient on the TOP during the last week after a good run from 24p.
Short term the Indicators have been saying time for this retracement was due, and after this 4 days of staying around 33.50/33.75p and falling to break the 34p, today could be the day of finaly sucumbing to the starting fall ( only short term naturally ).

It may be time for retracement ( short term ) but the 14 month chart on the link is swowing since breaking 29.50p an UPTREND is on again ( the last one lasting over 5 years from the price of 8p ) after 6 month of Downtrend.

On breaking from 29.50p, the position of the chart next point is moving to 40p eventualy after the already mention retracement.

After the retracement, the next point will be to break in traday 34.50p last high in other to continue the rise to 40p.
when? will have to wait and see

Finaly the UPDATE has been released ......

Current trading update

Total revenues in the first four months of 2009 were broadly in line with the
same period in 2008. As expected, revenues in the telecom sector were lower in
US$ terms than last year's record comparable period, while revenues in the
medical sector continue to grow and were higher than last year, partially as a
result of the acquisitions made in 2008 and 2009. The gross margin in the first
four months has fallen slightly compared to H2 2008 as a result of a continued
weakening of the Euro and the higher percentage of medical equipment of overall
sales.

Financial position

The Company's balance sheet remains very strong and at the end of April the
effective cash balance stood at $61.7 million, an improvement of $4.4
million compared to the position at the beginning of the financial year.

Acquisition of clinical chemistry diagnostic company:

As previously announced with the Company's final results for the year ended
31 December 2008, in February 2009 BATM acquired a controlling interest in
an Italian clinical chemistry diagnostics Company called ISE. The directors
believe that this transaction will strengthen the Company's future position in
the medical equipment offering, and will allow it to realize synergies with
its existing medical business in Eastern Europe.

Outlook

Despite the general market conditions and lower profitability
in the first four months of the year, the Company has seen an improvement in its
order book recently, which leads the management to remain cautiously optimistic
that BATM will meet its targets for the full year.

A RESUME of the statement: with pros and not so good ones, and I would like to know what is the company target for the full YEAR.

POSITIVE
Balance sheet : an improvement of $4.4m compared to the position at the beginning of the financial year. Now at at $61.7m.
( the cash flow is back to the normal state of the beguining of last year )

Revenues: the company had seen an improvement in its order book recently.
( most likely is since the last statement during the results )


NEGATIVE : gross margin in the first four months has fallen slightly
( already lower at the second Half last Year, it seems the medical business does not get the higher margins of the Telecoms ).


THE SAME but DOWN :revenues in the first four months of 2009 were broadly in line with the same period in 2008.
( but the margins are lower )

Yesterday news after close
IP Surveillance Monitoring Optimized for Limited Bandwidth Networks
By: Business Wire
May. 12, 2009

Vigilant Technology, a BATM Company and provider of intelligent IP video surveillance and security solutions, has announced today the release of NetView Version 3.0 IP Matrix Control Center Management Solution. NetView 3.0 enhancements support H.264 compression capabilities, multi-site remote access over low bandwidth, an intuitive touch-screen driven user interface, and added support for megapixel cameras.

Central to the system is Vigilants Remote Gateway Server (RGS) which uses advanced network statistics to automatically adjust bitrate and frame rate according to available bandwidth. This enables operators to view surveillance video from remote sites over a limited bandwidth infrastructure eliminating the need for a high-cost high-bandwidth infrastructure.

The new version includes NetView Command, a touch screen application combining active map navigation with an on-screen CCTV keyboard. This unique intuitive user interface allows security professionals to effectively identify incidents, notify and inform the appropriate personnel both off and on site, and efficiently manage actions to be taken, said Ohad Kleinman, director of product management for Vigilant Technologies. We recognize the tremendous pressure that is being placed on security professionals to respond quickly, and feel confident that these features will enable them to take appropriate measures to either avert a crisis, or at least minimize damages.

In addition, NetView 3.0 extends its 3rd party IP device support for megapixel cameras. These higher-definition cameras provide operators with a more detailed image for better identification of subjects while maintaining efficient network transmission.

Vigilants NetView is an end-to-end fully digital security and surveillance management solution providing an IP virtual matrix; video wall operation and powerful alarm management. NetView replaces legacy analog matrix systems, giving instant access to live and recorded video from any camera on any monitor. The application scales to support unlimited number of input channels and can integrate both analog and digital video streams.

The Vigilant NetView range of products is ideal for mission critical, multi-site environments, such as transport, gaming, retail, finance and public space.

The full range of Vigilants IP video surveillance solutions will be on display at IFSEC 2009, May 11 14, stand E135.

Share price holding between both MA

3 month Candlestick with 50 & 200 days Moving Average

BATM Advanced Communications Limited ("BATM" or the "Company")
Director / PDMR Shareholding

The Company has been informed that on 13 May 2009, Zvi Marom, Chief Executive
Officer, acquired 200,000 ordinary shares at a price of 31.375 pence per share.

Following this purchase, Dr. Marom has a beneficial holding of
90,950,900 ordinary shares representing approximately 22.68 per cent. of the
Company's ordinary issued share capital. Dr. Marom does not hold any options
over the Company's ordinary shares.

YES, it seem Zvi has choosen the right time and the right price to pick up a few.

Certainly could not be done earlier due to the results first, then news of Vigilant and now the UPDATE.

A good sign cos he must consider the shares undervalued ( like most of us ) at this prices

From ............stoxline.com

(BVC.L) .... 2009-05-14 12:33:57 PM

Overall .......... * * *

Targets ..........Six months: 41.17 One year: 48.09

Support ........... Support1: 27.83 Support2: 23.25

Resistances ..........Resistance1: 35.25 Resistance2: 41.17

Pivot Point ........... 33.03

Moving Averages ............MA(5): 32.40
MA(20): 32.80
MA(100): 28.54
MA(250): 38.97

MACD............MACD(12,26): 0.81 Signal(12,26,9): 1.26

Stochastic Oscillator .......... %K(14,3): 12.96 %D(3): 33.19

RSI ........RSI(14): 49.72

52-Week ..........High: 61.50 Low: 22.25 Change(%): -28.4

Average Volume(K) ............ 3-Month: 596 10-Days 610.739990

Price and moving averages

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.

Bollinger Bands

BVC.L has closed above bottom band by 9.2%. Bollinger Bands are 42.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to BVC.L's normal range. The bands have been in this narrow range for 5 bars. This is a sign that the market may be about to initiate a new trend.

Chart for the above numbers

3 month Bollinger Bands,RSI,S Stochastic & MA

A good rise today after yesterday UPDATE Another of those Indicators

BVC.LS - BATM ADVANCED COMM (LSE)

Date	Open	High	Low	Last	Change	Volume	% Change
05/13/09	30.7500	33.0000	30.7500	31.5000	+0.7500	887719	+2.44%

Composite Indicator
Trend Spotter TM		Hold
Short Term Indicators
7 Day Average Directional Indicator			Sell
10 - 8 Day Moving Average Hilo Channel			Sell
20 Day Moving Average vs Price			Sell
20 - 50 Day MACD Oscillator	Buy
20 Day Bollinger Bands		Hold
Short Term Indicators Average:	40% - Sell
20-Day Average Volume - 726211
Medium Term Indicators
40 Day Commodity Channel Index		Hold
50 Day Moving Average vs Price	Buy
20 - 100 Day MACD Oscillator	Buy
50 Day Parabolic Time/Price			Sell
Medium Term Indicators Average:	25% - Buy
50-Day Average Volume - 674380
Long Term Indicators
60 Day Commodity Channel Index		Hold
100 Day Moving Average vs Price	Buy
50 - 100 Day MACD Oscillator	Buy
Long Term Indicators Average:	67% - Buy
100-Day Average Volume - 793063
Overall Average:	8% - Buy
Price Support Pivot Point Resistance 31.5000 29.5000 31.7500 34.0000

Just a few days ago there was a comment by Rob Mackinlay of Financial Express
on 21st May 2009:

It has no UK peer; competes with global giants; has an underlying P/E of around 5x compared to c30x of the UK tech sector and its US competitors; it has millions in the bank; it occupies a lucrative "niche within a niche" and competition between its telecom clients is hotting-up, pointing to increase sales if all this good news is true why doesn't everyone have a piece?

BATM Advanced Communications which has a 124.3m market cap and, despite its shares rallying 41 per cent since hitting a 24p low at the end of Februrary, is still down 32 per cent over the year.

The company sits in the mid-range of the FTSE Small Cap index and, for its size has a disproportionate level of analysts following it and funds that hold it within their top 10 holdings. History could explain some of interest and also the wariness of investors: back in September 2000 BATM shares hit a peak of 765p.

Investegate spoke to Philip Rodrigs, manager of the Investec UK Smaller Companies fund and Arun George, analyst at Noble, who both believe the BATM story.

They, along with the other three analysts who cover BATM, and presumably managers Gartmore and JO Hambro who hold 10 per cent and five per cent stakes respectively, are all singing from the same hymn sheet this is a long-term winner. Meanwhile BATMs chief executive holds a 23 per cent stake.

Funds with BATM in their top ten holdings include:

Gartmore Growth Opportunities has 3.1 per cent of its assets invested in BATM making this its third largest holding.

CF Techinvest Technology has 2.86 of its assets invested in BATM, its fourth largest holding.

Gartmore UK & Irish Smaller Companies has 3.9 per cent of its assets invested in BATM making the company its second largest holding.

Investec UK Smaller Companies has 2.3 per cent of its assets invested in BATM making this its second largest holding.

According to its most recent factsheet, from September 2008, FF&P Smaller Cap UK Equity has 4.79 per cent of its assets invested in BATM and this was its sixth largest holding.

The BATM story is that it is well placed to help telecom giants upgrade their networks to Ethernet, the computer network system used in most offices.

One of the problems faced by the company's management, according to Arun George, is getting the message across to more investors.

Arun George says: "In terms of strong institutional backing it is quite encouraging that JO Hambro and Gartmore have large positions. I have a view that this company will be a long-term winner and they seem to share it.

"Most investors dont understand this company that well. I appreciate it is quite hard getting to grips with this company partly as management struggle to present the more sophisticated aspects of the business in an investor-friendly language."

A recent sales note from Noble outlines the drivers for telecom companies to upgrade their networks: What is driving this growth? Three things: 1) Video, watching You Tube, 2) IPTV, watching Coronation Street, and 3) VOIP, phoning your mates.

One anecdote: at the start of 2008, YouTube traffic in the US equalled the amount of monthly traffic crossing the entire US Internet backbone in 2000. As 2008 draws to a close, YouTube along with Hulu generate more than 2x the amount of traffic crossing the US Internet backbone in 2000.

George said that he stood by his note of 23 March Noble upgraded to Positive from Negative with a 37p target price saying: With strong fundamentals, BATM is well positioned to benefit from the structural shift of telecom infrastructure to Ethernet. Whilst FY09 is expected to be a tough year, BATMs share price already factors in overly bearish scenarios.

Philip Rodrigs said that Telecoms operators were swapping to Ethernet in order to provide their customers with better services. While he noted that the credit crunch

News yesterday - 02/06/2009 @ 13:54

Telco Systems New Ethernet Demarcation Boasts Easy Provisioning of Managed Services in Access Networks

Telco Systems a BATM company (LSE: BVC) and a leading provider of Carrier Ethernet access solutions, has announced a new single-user Ethernet demarcation line card which simplifies the discovery and provisioning of remote devices and extends additional Ethernet OAM and remote testing capabilities to the customer edge.

As a service demarcation device, the Metrobility R861 has been designed to support link and connectivity OAM standards (IEEE 802.3ah, 802.1ag CFM and ITU-T Y.1731) as well as IEEE VLAN-aware and provider bridging standards, granular rate limiting, jumbo frames, and multiple options for remote loopback testing. These features enable remote troubleshooting, service assurance testing, multi-service delivery, and bandwidth allocation to support service level agreements for commercial customers.

The R861 technology allows a service providers field engineers to initiate auto-discovery of its peer in a book-ended configuration and subsequently auto-provision at circuit turn-up to make installation quick and simple. The field engineer literally only needs to connect the fiber to the fiber interface and the R861 does the rest, said Mark Leal, product line manager at Telco Systems.

Supporting MEF standards, the Metrobility R861 Services Line Card combines the features of the Companys 10/100Mbps (R821) and 1Gbps (R851) solutions into a single card. It offers a media conversion element with a single tri-speed (10/100/1000M) copper customer interface and a 100/1000M SFP-based fiber uplink. A 100/1000M fiber-based customer interface option is also available. This flexible design protects the providers investment by making it easy to upgrade a customers connection and minimizing stocking inventory. Bi-directional single strand and CWDM optics are also supported to maximize fiber capacity.

While the R861 is currently managed through the Companys WebBeacon and NetBeacon ESP Element Management System, it will be the first Metrobility product also supported by Telco Systems BiNOSCenter NG, Leal continued. This represents a migration path for our Metrobility customers to manage Metrobility products alongside the Companys BiNOS-based IP products.

The R861 is currently available for customer trials with full general availability expected within 30 days.

A trade for 11,985,424 shares @ 34p was reported earlier on

What is going on?

that represents 3% of the company shares, share price has increased since and is now close to the best for some time

finishing the day at the top 35.50 / 36p +1.75p

and with that a higher BREAKOUT

BREAKOUT

Gartmore finds gems' in adverse sectors
4 June 2009

Gervais Williams, Gartmore's Head of UK Smaller Companies and manager of the Gartmore Growth Opportunities investment trust and UK & Irish Smaller Companies OEIC, says that investors have been returning to company specifics in the small-caps sector and finding the realities very different to popular perception.

"Increasingly, we are finding the real "gems" in what we might term the "adverse" sectors - for example, real estate and capital goods - where expectations are very low and investors have been fearful to tread," says Gervais.

After a difficult year, small cap shares have been gaining strongly in 2009. The FTSE Smaller Companies (ex Investment Companies) Index is up 26% while the FTSE AIM All Share has gained 32%.

Gervais cites the TV set-top boxes maker, Pace, as providing an example of the dramatic results a convergence of perception and reality can have.

"Pace was largely shunned by investors in 2008 because of its supposed sensitivity to consumer confidence. But full-year results in March confounded market perceptions and the expectations of many investors and they were followed by a number of earnings upgrades and a more than tripling of the company's share price."

BATM Advanced Communications, a maker of switches and routers for the Internet, is another company where misplaced perceptions have provided opportunity.

"While there have been concerns about the telecoms equipment market, BATM is very strongly positioned in its core markets and is exposed primarily to resilient market segments, such as the Carrier Ethernet. Cash generation has surpassed expectations and the company reported further improvements in its order book in May.