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

           

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.

Margins DOWN, and keep going DOWN

Is well known that the Telecom business was loosing ground ( contracts ) and filling the revenues with the new adquisitions ... Medical division - were the margins are small on in some cases none existant - Vigilant -


During these four months the sales mix was 63% from the Telecoms division and
37% from the Medical division

2nd profit warning and Doctor buys more...........

18 May 2010 -- BATM Advanced Communications Limited ("BATM" or the "Company")

The Company has been informed that, Dr. Zvi Marom, Chief Executive Officer of
BATM, has today bought 450,000 ordinary shares in the Company at an average
price of 22.917 pence per share.

Following this purchase, Dr. Marom has a beneficial holding of 92,044,500
ordinary shares representing approximately 22.88 per cent of the Company's
ordinary issued share capital. Dr. Marom does not hold any options over the
Company's ordinary shares.

Today's papers

From the Guardian market report......

Finally BATM Advanced Communications lost 12.5p to 24.5p after the Israeli telecoms equipment company reported a fall in first quarter revenues from $38.9m to $36m and a 7% drop in gross margin, mainly due to a decline in orders from its major customer. After the update, Altium Securities cut its recommendation from hold to sell with a 25p target price. Singer Capital Markets said:

Confidence had already been fragile given downgrades in February and today's setback highlights the risks in the group's business model. There has been progress elsewhere in the business, but that is likely to be small comfort to investors for now. Its significant net cash pile of around 40m should provide valuation support.

From the FT.com .........

Market report
SMALL CAPS Revenue fall knocks BATM

BATM Advanced Communications was one of the worst small-cap performers yesterday after the network equipment maker reported a fall in revenue and margins for the first quarter of 2010.

Citing slack demand from a key telecoms customer and weakness of the euro, BATM said it would only break even in the first half of the year, although it remained optimistic of hitting full-year revenue targets.

Analysts were not convinced and responded by slashing forecasts and downgrading recommendations. Altium Securities, for example, cut its rating to sell, while KBC Peel Hunt moved to hold. This is a continuation of the weakness we began to see in the fourth quarter, said KBC. This runs contrary to guidance that Telco revenues would recover this year.

BATM fell 33.8 per cent to 24p on heavy volume of nearly 50m shares.

Further comments on today's papers.....

The mail
MARKET REPORT: 'Batman' shares take a beatingBy Geoff Foster

Ten years ago during the manic dot-com boom, shares of Israeli telecoms and medical laboratory equipment maker BATM Advanced Communications, then affectionately known as Batman, were the best thing since sliced bread.

They traded north of 57 amid hot gossip of a 70-a-share cash offer from US equipment maker Cisco Systems. Then kapow!, shareholders woke up and it's been downhill ever since.

Yesterday, they crashed to 22.08p before closing 12.5p, or 34pc, down at a year's low of 24.50p following another profits warning.

News that founder and chief executive Dr Zvi Marom had bought 450,000 shares at an average price of 22.917p following the dire statement cut no ice with one major shareholder.

Gartmore, which held 15pc of the equity, is rumoured to have jumped ship, swelling turnover in the stock to a mammoth 48m-plus, well above the recent daily average of about 800,000.

BATM warned that first-half revenues and profits are expected to be significantly below estimates, due primarily to a poor performance from the telecom division.

Although the outlook is improving, with strong demand from the US, the group is expected to only break even in the first half of the year.

Broker Altium Securities downgraded to sell from hold and slashed its pretax profit forecast for the current year to 16m from 24.4m and earnings per share to 3.9p from 6p.

Share price keeps falling and is soon ready to touch the past Intraday low of 22.50p.

DIVIDEND - dates

AGM on the 22 June
ex-Dividend 2nd July
payment on 26th July 1.35p

With the special dividend, gives a near 6% return on current SP.