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

           

BATM sales fall amid lost Nokia business

By Courtney Weaver -- Last updated: September 14 2010 02:57

BATM Advanced Communications faces falling revenues over the next two years as it struggles to rebuild its telecoms unit after losing much of its business with Nokia.

The Israel-based telecoms equipment manufacturer said that revenues in July and August had fallen to $18.6m, compared with $19.1m for the same period last year, and predicted sales at the telecoms division would remain flat for the next 18 months.

To combat the loss in revenue, the group has come to rely on its less lucrative medical division that produces both laboratory diagnostic tools and equipment used to destroy medical waste. While last year the medical unit represented just 25 per cent of total sales, it now represents 32 per cent. By 2013, the split between the two divisions could be 50-50, said Jon Fletcher, an analyst at Altium Securities.

The share of the lower-margin medical division increasing means less profitability, he said, predicting that it would take 18 to 24 months for BATM to find a source of revenue to replace its business with Nokia.

The Finnish company was forced to reduce its business with BATM earlier this year as it lost out market share to Chinese competitors, a problem also faced by Alcatel and Huawei, two of BATMs other manufacturing partners.

According to BATM, the loss of the partnership led to a $16.7m drop in revenues between the first half of 2009 and the first half of 2010.

Outlook for the telecoms division improved slightly over the past two months thanks to increased business from US telecoms operators. Clients such as Verizon and AT&T have boosted their bandwidth capacity following the release of the iPhone4 and growing popularity for other smartphones, a service that BATM provides.

The company changed its management team in June to work out a new strategy for its telecoms division and is working on alternative sources of revenues, including a new licensing agreement with a top chip designer and finding ways to sell directly to companies .

Shares in BATM, which have fallen 42 per cent over the past 12 months, on Monday fell p to 24p.

Goodness gracious me ........BVC got a contract worth $300K and maybe $1M thereafter .........

28 September 2010
BATM Advanced Communications Limited
Major US Competitive Local Exchange Carrier (CLEC) signs agreement with BATM

BATM is delighted to announce that one of the largest CLECs in the US has
signed an agreement with BATM's telecoms division, whereby the CLEC will
exclusively use BATM's customer premises equipment (CPEs). The agreement follows
rigorous testing and proof of concept trials.

An initial order of approximately US$300K has been received for equipment to be
supplied in Q4 of this year, with annual purchases in excess of US$1 million
expected thereafter.

Dr. Zvi Marom CEO said "I am delighted with this agreement, which is in line
with our stated strategy of placing greater emphasis on direct sales channels.
We believe that our products are the best solutions in the market place and as
the ever increasing demand for bandwidth capacity continues we expect to add
further significant new customers."

Techinvest comes out with a BUY recomendation - October 2010

BATM Advanced Communications 23.25p (BVC: Technology Hardware) BATM saw revenue of $18.6m for the first two months of the second half ended December 31. This result is broadly in line with expectations and compares with $19.1m during the same period last year.
Net cash fell $9.4m, mainly due to dividend payments and ended the period at $53.4m, equal to 8.5p per share. The Medical business accounted for 32% of sales versus 25% in H2 2009.

Field trials of the Integrated Shredder Steriliser have gone well and orders have been received before the completion of trials. In Telecoms, despite declining OEM revenue, substantial orders were secured from US Tier 1 customers. Higher demand for backhaul bandwidth has been seen, which BATM attributes to the launch of the Iphone4.

The Company is ramping up production is anticipation of continued demand. BATM is confident that its previous fullyear guidance ($120m revenue and second half profitability in line with H2 2009) will be achieved. Later during the month, BATM announced an agreement with a major US competitive local exchange carrier. The deal involves an initial equipment order of US$0.3m, with annual purchases in excess of $1m expected.
The Telecoms business looks well placed for recovery and Medical is growing nicely. Buy.

BVC is in page 5 ... http://www.techinvest.ie/downloads/sample.pdf

BAR CHART is saying SELL on everything but on 7 days Average........

BVC.LS - Batm Advanced Communications Ltd (LSE)

Date	Open	High	Low	Last	Change	Volume	% Change
10/26/10	22.5000	22.5000	22.2500	22.2500	-0.5000	200690	-2.20%

Composite Indicator
Trend Spotter TM			Sell
Short Term Indicators
7 Day Average Directional Indicator	Buy
10 - 8 Day Moving Average Hilo Channel			Sell
20 Day Moving Average vs Price			Sell
20 - 50 Day MACD Oscillator			Sell
20 Day Bollinger Bands			Sell
Short Term Indicators Average:	60% - Sell
20-Day Average Volume - 304665
Medium Term Indicators
40 Day Commodity Channel Index			Sell
50 Day Moving Average vs Price			Sell
20 - 100 Day MACD Oscillator			Sell
50 Day Parabolic Time/Price	Buy
Medium Term Indicators Average:	50% - Sell
50-Day Average Volume - 473362
Long Term Indicators
60 Day Commodity Channel Index			Sell
100 Day Moving Average vs Price			Sell
50 - 100 Day MACD Oscillator			Sell
Long Term Indicators Average:	100% - Sell
100-Day Average Volume - 557068
Overall Average:	72% - Sell
Price Support Pivot Point Resistance 22.2500 22.0833 22.3333 22.5833

Altium Capital has issues "hold" recommendation yesterday

Yes there was a Trading update yesterday >>>>>>>>>>>>


BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory systems, is issuing a trading update for the year ending 31 December 2010.

We expect revenues in the second half of the year to be in the region of $63 million, an increase of 14% over revenues in H1, which would result in full year revenues of circa $119 million, which is in line with the guidance announced at the interim stage as announced in August 2010.

We also expect operating profit (excluding amortization) of circa $6 million for the second half of the year. This represents an increase of 362% over the $1.3 million reported for the first half of the year.

This gives an operating profit guidance of circa $7.3million for the full year figure.

The Company expects to announce preliminary results in February 2011.

My conclution of today's trades and the share price rise ...

The large volume today is promising, most likely someone is looking ahead to the results, sometimes during the end of the second week of February.

Share price have been slowly bouncing from the 20.75p intraday low back at the end of November last year, and doing a nice round bottom, with higher lows and higher highs.

Conclusion: For the brave, maybe is time to take a punt ahead of results

i can't remember what this stock was calle all those donkey's years ago of dotcom boom, but this was another like ARM that plummeted without a parachute .... however, whereas ARM has found redemption to a greater or lesser degree, i'm afraid that cannot be said of this little charmer.

surely there are far better stocks on which to take a gamble, as even the chart over the last year or two indicates? ..... indeed, even a paltry 24p looks to be a likely firm resistance, and that is only 1p away

actually, the 2 year chart is excellent pictorial evidence of the dangers of becoming emotionally attached to a share - i.e. the mentality that says, "I bought this share in early 2009 and I'm going to hang on to it for at least the next 2 years before even considering selling any" ...... the 10 year chart is too scary to show younger viewers!

Nice day +2p on a very strong order book

Chart looking now for 28.75p target short term

surely not very good risk/reward @ 10% upside

It seems as soon as "cynic" says something one must do the other way round.

Well as It happen I did that the day before 21 January, bought back on the company ahead of results, now due maybe on a couple weeks, ( a punt that so far is working OK ) .
I do not expect much of the reults, but the future looks a bit more rosy so the statement could be bullish

not necessarily so, and where does my comment lack logic? ..... certainly sp has broken through 200 dma, which is indeed encouraging, but as you say yourself, upside is only to 28.75 (i would have said 28, but no matter) ...... if sp charges through that point, then it may well be time to pay a bit more attention to this company

re -upside is only to 28.75

I said not such a thing but next target short term 28.75p. and already reached that point yesterday 29p at one time

Stop trying to mislead my post, and say nonesence most of the time

whatever ..... anyway, 28 or thereabouts clearly is a resistance and failed at that point, at least this time around

I already sold my punt for a 15% profit on two weeks holding but no paying, cos was a T+20, yes I had plenty of time to close but it looks like there is time yet for the results to be announce so will wait for another change to get in the near future.

reasons
cos could not hold around the top and Indicators look overbought and turning as the share price was moving lower, order book was weak also

It looks like they are given themself plenty of time to fixed the accounts this time Wednesday 9th March 2011. Yes one month late compare to last Year.
So plenty of time before one tries to get in


Preliminary Results for the Year ended 31 December 2010

BATM Advanced Communications (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory equipment, will announce its preliminary results for the year ended 31 December 2010 on Wednesday 9th March 2011.

22.875p -2.75p

RESULS as bad as expected and the Cheating DOCTOR as usual put HIGHLIGHTS as good things but omits Pretax Profits cos are very bad .........

Resuts out and are not good .........

Second Half Highlights
Six months ended 2010 (H2) 2010 (H1) Change %
-------------------- ---------- ---------- ---------
Revenue $65.3m $55.3m 18.1%
-------------------- ---------- ---------- ---------
Gross profit $22.9m $19.8m 15.7%
-------------------- ---------- ---------- ---------
EBITDA $5.6m $2.1m 166.6%
-------------------- ---------- ---------- ---------
Earnings per share
(basic) 0.63c (0.21)c 400.0%
-------------------- ---------- ---------- ---------


BAD ..............

Operating profit was $1.1 million (2009: $16.4 million) after other operating expenses of $4.5 million (2009: $6.5 million) which primarily relates to the amortization of intangible assets.

Profit after tax $ 0.194M

The Mail is once again having a mention after the last one 3 weeks ago.....

INVESTMENT EXTRA: BATMan fights back to 100m -- By IAN LYALL
10th June 2011

Investors with long memories will remember BATM as the 3bn tech bubble stock that went pop.
Credit to long-serving chief executive Zvi Marom, he never really bought into all the hype. Well, how could he when at the time the company was barely turning over 1m a year.
Unlike many of its competitors, BATM has survived, grown and even pays a dividend. And of course that ludicrous valuation has shrunk, with the company worth around 100m today.

Ker-pow! BATM endured the loss of main client Nokia-Siemens but battled back
The only link with the past is the nickname to the die-hards on the bulletin boards it will always be known as Batman.
Its main division designs and manages carrier ethernet equipment used to transmit data quickly and securely.

The kit comes into its own in cities areas where the big mobile phone companies use it ensure customers are able to send and receive data efficiently.
Theres also the medical diagnostics and sterilisation business. Built from scratch two years ago, it now boasts annual sales of 25 million, and according to City broker Shore Capital it will be profitable this year.
The companys had so many ups and downs that its five-year share price chart looks like the Alps in cross-section.
Last year BATM lost its main customer, Nokia-Siemens, a body blow which might have felled lesser companies.

Not BATM, although chief executive Marom admits it was a huge punch in the nose.
It went about replacing the business by acquiring a clutch of smaller clients and has almost filled the hole left by N-S.
We are replacing the Nokia-Siemens [revenues] with direct sales to customers, Marom reveals. We have shown we are resilient and we are coming back.
And this gets to the crux of BATM as investment. It is a company in recovery mode, and although the share price has edged up in the past month, it fails to reflect this.
Theres also the dividend. The shares yield just over 3 per cent, which is a better rate of return than some High Street savings accounts.
As Marom points out: We are unusual for a tech stock we pay a dividend. Even Apple doesnt pay a dividend.

It sits on 35million of cash, which allows it to pursue a very aggressive research and development programme and means it can withstand a calamity such as the Nokia-Siemens withdrawal.
And if you have a poke around the annual accounts you will realise the group has a property portfolio conservatively valued at around 15m.
This means the BATM business itself is valued at 50m, or just 8.2 times the companys predicted pre-tax profit.

Its recent acquisition of rival ANDA Networks for a maximum of 1.5m broadens BATMs offering and technology base.
ANDAs venture capital backers are thought to have invested around 120m over ten years, which proves that money doesnt buy you success, business acumen does.
Unhappy at the way the market currently values the company, Marom says he is looking to broaden BATMs shareholder register.

This may involve listing the company on another stock market such as Americas high-tech Nasdaq exchange, where BATM would inevitably command a far higher rating.
A dual-listing might then have a positive trickle-back effect for UK investors. In the meantime, the share price will be driven by the recovery story.
Pre-tax profits are expected to double this year to 6.1million ($10million), rising to 7.7million in 2012 and 9million by 2013, according to the companys broker Singer Capital Markets.
The recent trading update revealed that BATM probably has it in the locker to beat these figures.

OUR VERDICT: The worst has happened to BATM and it survived and some would say is now flourishing after losing its main customer.
The cash on the balance sheet, the property and the divi

July 2011 - Issue 11
http://www.shareworld.co.uk/index.php/alan-watson/newsletter/july-2011/

Sniffing Around 1
Comment on BATM Advanced Communications (BATM)

The company became famous in the dotcom boom when its share price hit the stratosphere, at one point capitalising BATM at over 1bn. The market capitalisation of BATM currently stands at the more modest level of 103.5m. It is a growth orientated Israeli company formed in 1992 and first quoted on the London Stock Exchange in 1999. BATM works in 40 countries and is involved in the design and manufacture of innovative high performance data communications equipment.

This is an exciting growth area, given that explosive growth in internet traffic is expected over the medium term and that mobile phone companies increasingly need to transmit data faster and more securely. These factors could be set to drive BATM's profits to much higher levels.

The Interim Management Statement, published on 4/5/11, was upbeat. The sales mix was 66% from Telecoms and 34% from the Medical Division, which continues to make progress, particularly with the processing of medical waste. This waste is hazardous so hospitals normally dispose of it by transporting it before incineration. But BATM has devised an environmentally-friendly way to make it safe - it shreds and sterilises the waste at a fraction of the price, with no toxic residue.

The market consensus is that pre-tax profits for the current year ending 31/12/11 could be set to emerge at 6.5, compared with 0.7m in 2010. Earnings per share expected to rise from 0.27p to 1.41p. This puts the shares on a prospective PER of 16.3. In 2012 analysts anticipate further progress to perhaps 8.3m pre-tax, a forward PER of 14.3. Profits growth is expected to continue beyond.

Price 23p; Sector: Support Services; Market Cap: 92.4m; EPIC BVC Next Results: Interims - August Full Quote