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

           

A VERY GOOD FINISH as the UT went into the offer price 37.50p
so the candlestick was a HAMMER, but we had it before ( a couple weeks ago )and the bounce was small, will see this time the volume today was much higher


Definition:
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

The chart is looking a bit better with the Closing candlestick today, once again after the large volume gives new hope for the turn around, share price at lower Bollinger Band ( they say buy at this point) and RSI and Slow Stochastic at oversold and turning.

Not much volume but at least all buys at the moment

slightly better order book on the bid side

Brokers Forecast

Peel Hunt said BUY yesterday

Brokers Forecast

Telco Systems Business Demarcation Products Receive USDA's Rural Utilities Service Acceptance

Carrier Ethernet leader continues to support the growth of rural broadband

MANSFIELD, MA - Telco Systems announced today that its T-Marc family of Ethernet demarcation devices has been accepted for use in telecommunication projects funded by the United States Department of Agriculture's Rural Utilities Service (RUS). The approvals enable service providers to extend guaranteed SLAs to business customers in their FTTH service area.

"The T-Marc extends the value of PON deployments by enabling providers to offer differentiated higher paying services to business customers such as assured bandwidth and TDM over IP, eliminating the need to maintain old legacy networks," stated Irit Gillath, vice president of product line management for Telco Systems. "The T-Marc also fits seamlessly into an Active Ethernet FTTH network, along with other RUS accepted solutions from Telco Systems like the EdgeGate and T5C aggregation switches."

The T-Marc product family is a multi-port customer-located demarcation device for business services and packet backhaul solutions. It provides extensive Ethernet OAM and test features for Ethernet, MPLS/VPLS and IP networks. Certified to multiple MEF, IEEE, ITU-T and IETF standards to ensure interoperability with the providers current infrastructure, the T-Marc family has been purpose-built to optimize CAPEX and OPEX for service providers as they continue to deploy managed services. The devices support a range of customer interfaces including 10/100BaseT, 100/1000BaseX and T1 ports, which support Circuit Emulation Services (CES).

USDA Rural Development Telecommunications program offers many programs for financing rural America's telecommunications infrastructure, and is dedicated to increasing economic opportunity and improving the quality of life in rural communities. The department has received $2.5 billion from the broadband stimulus package for broadband deployment in rural areas in the United States.

source: http://www.batm.com/int/index/en/presspage/pr/55

For the last couple days the shares have been moving higher with volume

But is the party over?
overshoot on the Bolinger Band and Slow Stochastic now TOP

Yesterday 22 April 10

The news seem good on the revenue front for 2011....several million dollars.


BATM in licensing deal with semi-conductor manufacturer

Broadband data and telecom systems specialist BATM has signed a licensing deal for its mobile backhaul technology with a leading semi-conductor manufacturer.

Revenues from the licensing will begin in mid 2011 and are initially expected to be in the region of several million dollars.

The technology will be incorporated into the manufacturer's chipsets and be available to all of the providers of cellular infrastructure.

This provides BATM with access to several potential new clients and will lead to sales opportunities for both hardware and complementary software packages.

Very strong to the end after a few 50K buys late on the day

Has gone UP to the important point 43p reached last week before the retracement, so now ready for a BREAKOUT

Looking at the level 2 ........
MMs have moved their own prices up to the bid price (ALTI 42.50p, WINS 42p),on the last few minutes before close very positive, as the normal thing would be the bid price is secure for Monday's opening.

       Happy Saint George's day

        
What do England and Catalonia have in common?
No, it's not the Bar-Manchester United match,
but the fact that Saint George is the patron saint of both.

I selected today the shares on the "UPS" thread

UPS
BVC 42.75p ( 42.50 / 43p )
reason : Last Friday Volume with a reversal of late share performance looks bullish short term on breaking 43p after the recent double bottom. Rising RSI and MACD as the Slow Stochastic is ready for the turn, share price now above 50 MA.

Moving further ahead as the order book got strong during the last few minutes

there are 4 extra trades on the bid side

at the spread 43.50 / 44p +1p

there are 62K ( KBC with 25K ) at bid price for 42K at offer
very positive as there is a MMs among the bid price after the 50K buy

Brokers' Views: Singer Capital Markets -- 05/05/2010

Singer Capital Markets analyst Tintin Stormont says value abounds at BATM Advanced Communications, the fully listed broadband data and telecom systems designer.

His bullishness comes on the back of a multimillion-dollar deal clinched by BATM with a leading semiconductor maker to license some of its mobile backhaul technology. Stormont points out that the technology will be incorporated into the manufacturers chipsets and result in BATMs products becoming more deeply embedded within the network, thereby creating new client win opportunities.

A strong endorsement
While Stormont notes that the financial impact of the tie-up wont be seen until 2011/12, he insists the deal represents a strong endorsement of the groups technology as well as a significant step in broadening its revenue base.

For the current calendar year to December, Stormont sees BATM dialling in lower profits of US$23.2 million
(2009: $25 million) on $143 million sales, ahead of a return to profits growth to the tune of $27.4 million in 2011, as turnover moves north of $150 million.

Investors hung up on BATM back in February following analyst downgrades, leaving the shares, which do pay a dividend, swapping hands for 41.75p, down from their 52-week peak of 58.25p and valuing BATM at 167 million.
Stormont sees the current valuation as attractive stripping out year-end net cash of $61 million, he notes BATM trades on only 8.5 times forecasts 2010 earnings and has set a 61p target price.

We believe the group continues to gain traction despite near-term uncertainty in the telecom equipment market, scribbles Stormont, and believe that current levels offer considerable value.

Tags: Deals & contracts , Full list , Undervalued
Companies: BATM Advanced

Some late buying and bounce from intraday lows yesterday

The bounce is continuing this morning

Sterling continues fall

Sterling fell below its 12 month low against the dollar in early morning trading as concerns about the economy and the measures being taken to tackle the deficit re-emerged.

By 9.00am, the pound was trading at $1.4398 - more than 1% down and the lowest level against the dollar since March 2009.

The Euro was also being dumped on the foreign exchange market with the currency hitting a 4 year low against the dollar. Against the dollar the Euro was trading at $1.2237.

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

Tomorrow 18 May 10 Interim Management Statement
It was delayed one week from earlier 11th May

Biggest faller today.

Interim Management Statement

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC),
a leading designer and producer of Carrier Ethernet and Metropolitan Telecom
Systems, is today issuing its Interim Management Statement for the period from 1
January 2010 to 30 April 2010.

Current trading update
Total revenues in the first four months of 2010 were $ 36.0 million, compared
with $38.9 million in the equivalent period in 2009. The decrease is due to a
significant decline of revenues during the period from a major OEM channel in
the Telecom division, as compared to those in the equivalent period in 2009.
This has been somewhat offset by growth in other areas.
During these four months the sales mix was 63% from the Telecoms division and
37% from the Medical division. During April 2010, total revenues for the month
were equal to those in April 2009, despite continuing weakness in the
aforementioned OEM customer and substantial weakness in European economies.
The gross margin has decreased by 7% during the first four months of 2010 when
compared to the same period in 2009, due to the change in the sales mix, caused
by the reduced revenues from the major OEM customer. The gross margin in the
Medical division has increased above the margin in 2009, a trend which we expect
to continue.
Financial position

The Company's balance sheet remains very strong and at the end of April the
effective cash balance stood at $64.5 million, a decrease of $2.3 million
compared to the position at 31 December 2009, largely due to erosion of Euro
denominated balances.
Board Developments
As reported in the Annual Report for 2009 both Ms Ariella Zochovitsky and Mr
Koti Gavish will complete the second of their three year terms, the maximum term
prescribed by Israeli law, in September 2010. In addition Dr. Dan Kaznelson has
announced his decision to step down immediately prior to the forthcoming Annual
General Meeting.
At the AGM the Board will be proposing the appointment of three new
non-executives:
- Roger Lacey, Senior Vice President, Strategy and Planning, 3M with 11 years
experience in the 3M Telecoms division;
- Professor Gideon Chitayat, currently Chairman of Delta Galil Industries and
Honigman. Professor Chitayat has served as a director for Teva Pharmaceutical
Industries and Bank Hapoalim among others; and
- Amos Shani, serial entrepreneur with experience in the Telecoms sector,
former Division Engineering Manager for Intel, Israel.
Full resumes of the proposed new appointees will be made available ahead of the
Annual General Meeting. The Board believes that these strong candidates will
make an important contribution to the continued success of BATM.

Outlook

Despite the disappointing start to the year, due almost
exclusively to the low orders from our major OEM customer, from April onwards we
have begun to see positive signs in our business. High customer activity in the
US reported earlier in the year has started to convert into orders and we have
signed two licensing agreements with new customers, including an agreement
reported in April 2010 with a leading semi-conductor manufacturer, to license
some of our mobile backhaul technology. Revenues from the licensing will begin
in mid 2011 and are initially expected to be in the region of several US$
million. Management also sees positive prospects with important new customers.
Due to the substantial impact of the OEM customer decline coupled with the
weakness of the Euro, we currently expect to be broadly break-even for the first
six months. For the year as a whole, management are encouraged by the recent
positive signs in the business, and remain cautiously optimistic that BATM will
meet its revenue targets for the full year. The sales mix to date is expected to
continue and management expects that the profitability in the second half of the
year will be similar to that of the second half of 2009.

What to come ........

Revenue DOWN
Profit DOWN
Margins DOWN
Cash is DOWN

Excuses ....YES, just like the delayed of the statement by one week ( reason they gave was Management was expecting to come to London last Tuesday, but then they change their mind, so reported today )


Due to the substantial impact of the OEM customer decline coupled with the
weakness of the Euro, we currently expect to be broadly break-even for the first six months.