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

           

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.

Not sure if posted earlier, but does not seem so, just a couple days old......


JUNE 2, 2009 -- Telco Systems combines multiple-generation features into a single line card

Telco Systems, a BATM company (search Lightwave for Telco Systems) and a provider of Carrier Ethernet access products, has announced a new single-user Ethernet demarcation line card designed to simplify the discovery and provisioning of remote devices and extend 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 provider's 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," says Mark Leal, product line manager at Telco Systems.

Supporting MEF standards, the line card combines the features of the company's 10/100-Mbps (R821) and 1-Gbps (R851) devices into a single card. It offers a media conversion element with a single trispeed (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. The flexible design simplifies upgrades to a customer's connection and minimizes stocking inventory. Bidirectional single-strand and CWDM optics are also supported to maximize fiber capacity.

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

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

Good news for BVC as it had a deal with DoCoMo last January at bottom post from the Telegraph ..............


11-Jun-09 Japanese Networks Announce LTE Upgrade Plans

"Japan's DoCoMo is reported to be planning an investment of 343 billion (US$3.4 billion) for the investment, while KDDI and Softbank Mobile have budgeted 515 billion and 207.3 billion, respectively. According to the Nikkei newspaper, among the four, LTE services are forecast to attract around 36 million subscribers, with DoCoMo projecting 17.74 million LTE customers.

The total investment will top 1 trillion (US$10 billion)

DoCoMo, KDDI and Softbank Mobile expect roughly 30% of their existing customers to switch to 3.9G services. DoCoMo is also reported to be expecting to upgrade or deploy some 20,000 LTE enabled base stations by 2014. The network should cover 50% of the population and commercial services will start in 2010.

LTE provides downlink peak rates of at least 100Mbit/s, 50 Mbit/s in the uplink and RAN round-trip times of less than 10ms. Fujitsu recently announced that, in collaboration with NTT DoCoMo, they had successfully completed field testing for LTE, using 4x4 MIMO technology, which resulted in data transmission speeds in the range of 120 Mbps (using 10 MHz bandwidth) in Sapporo's urban environment."

source: http://www.cellular-news.com/story/37965.php?source=rss
-------------------

04-Jan-08 BATM [ from Telegraph newspaper]

"BATM recently signed a clutch of big contracts which will contribute to significant revenues in 2008.

These included deals with blue-chip clients such as Deutsche Telekom and Japan's NTT DoCoMo."

source: http://www.telegraph.co.uk/finance/markets/questor/2782038/CRH-rides-the-US-housing-market-storm.html

AGM Statement

At the AGM of the Company, which is due to be held at 11am today, Peter Sheldon,
Chairman of BATM, will make the following statement:

"I would like to take this opportunity to update shareholders on the
continued progress that we are making in the current financial year. Despite the
very challenging market conditions, the current pattern of our trading and
forward order book gives us confidence that we will achieve our targets for the
year.

"The first half of the last financial year was exceptionally strong, benefitting
from increased business from the Olympic Games. In comparison, in the first
half of the current financial year we expect to achieve a level of revenues
broadly similar to the more representative second half of last year, albeit with
a slightly lower level of profitability due principally to foreign currency
fluctuations. The Company continues to deploy its products in numerous projects
around the globe and has achieved several recent important contract wins. There
has been a noticeable improvement in the Company's order book in the last couple
of months, particularly relating to increasing business in the Far East.

"Our programme of integrating the newer acquisitions with the rest of Group is
realising synergies in all of our business lines. We continue to innovate in the
Telecoms, Medical Devices and Surveillance fields, and to offer our existing and
new customers technologically superior product offerings.

"I hope that shareholders will increasingly recognise that the investments
that we have made in technology, infrastructure and, most importantly, our
customers during these challenging times have been well judged and we expect
these investments to continue to strengthen our prospects for the future.

"I would like to congratulate the whole BATM team for their dedication,
enterprise and innovation that has enabled the Company to reinforce and maintain
the position that it now enjoys."

A rather positive statement, with a better expectation in revenues though the margins will be lower
("In comparison, in the first half of the current financial year we expect to achieve a level of
revenues broadly similar to the more representative second half of last year, albeit with a slightly
lower level of profitability" )

With a pleasant surprise ...... ("There has been a noticeable improvement in the Company's
order book in the last couple of months, particularly relating to increasing business in the Far East. ")

And the new adquisitions are intregrating OK

And something else today about Carrier Ethernet, that could be related to the AGM statement, as is from the FAR EAST .......

17-Jun-09: Wireless Backhaul to Go Next-Generation by 2012

EXTRACT:
Based on IDC's continuous research of the Asia/Pacific (including Japan) carrier network equipment market, IDC predicts that there will be over 3 million basestations and over 1.8 million cell sites in by 2012, representing a growth of 24.3 percent and 10.7 percent respectively from 2008.

Approximately half of these sites will be connected to fiber through Carrier Ethernet. Urban 3G/High-Speed Packet Access (HSPA) basestations will be linked to fiber by 2011 in most markets in the region. IDC also expects that almost all urban WiMAX and Long Term Evolution (LTE) basestations will be connected to fiber by 2012. Non-line-of-sight (NLOS) microwave and fixed WiMAX will be used to provide up to 300 mbps backhaul in areas where fiber is not available.

A number of leading mobile carriers in Asia/Pacific, in countries such as Australia, Hong Kong, India, Japan, Korea, Japan, Philippines, and Singapore, are already starting to connect parts of their metropolitan 3G/HSPA backhauls with Carrier Ethernet over fiber, said Bill Rojas, Research Director for IDCs Asia/Pacific Telecommunications Research. The main driver of this transformation is the need for mobile operators to provide scalable, high-bandwidth, web 2.0 video and audio content, and internet access services for both mobile and fixed users in incremental CAPEX outlays.

A good rise yesterday and .......

A follow through this morning, as the INDICATORS WHERE POINTING TO THIS (oversold position )

Further movement up this afternoon 36.50 / 37p +2.25p on even higher volume than yesterday and still long way to the end of the day

Electronics have been TOP of the charts during the last month
But - TECHNOLOGY HARDWARE & EQUIPMENT the last...........

SECTORS - 'Winners & losers' during the last 30 x days ..