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

           

Well that was a damp squib, failed to deliver yet again so no point in holding these any longer. Poor very poor!!

I selected BVC today on the "UPS" thread........

Category - UPS
Nickname - Master RSI
Epic - BVC
Mid - 26.375p
Reason - The volume is improving today with hardening price on the bid, now is time to take a dip ahead of results next week, that from the sales on the various contracts should be very good. A very positive L2 on the order book just now

This another cool company for long term investors. shame that i have a modest amount of shares. Best luck to big holders.

The turn around has been achieved, as everything is looking very good so far.....

BATM Advanced Communications Limited - 2006 interim results

BATM Advanced Communications Limited ("BATM" or "the Company"), (LSE: BVC), a
leading designer and producer of broadband data and telecoms systems, announces
its interim results for the six months ended 30 June 2006.

Six months ended 30th June 2006(H1) 2005(H1)

Turnover $34.1m -- $26.2m
Gross Profit $14.0m -- $11.1m
Operating profit (loss) $ 3.5m -- $(2.4)m
Pre-tax profit (loss) $ 4.7m -- $(1.7)m
Profit (loss) per share 1.14c -- (0.45)c

Half Year Highlights

* Net Profit of $4.4m (H1 2005: loss of $1.7m)

* Revenue growth of 30% over comparable period last year

* Gross margins of 41% compared with 39% for full year 2005 and 36% for
H2 of 2005

* Acquisition of Metrobility Optical Systems Inc. in June for $6.85m

* Strong cash position of $45.4m at 30 June 2006 ($47.1m at 30 June 2005)

Dr Zvi Marom, Chief Executive of BATM, said:

"These results mark a significant period in the Company's progress. Our
recovery from the difficult trading conditions of the last 5 years has been
marked by a return to profitability and the business relationships that we have
established and built upon provide a substantial underpinning of our prospects
for future growth.

"We are encouraged by these favorable results and look forward to a continuation
of our renewed, profitable, strong growth into the second half of this year and
beyond."

A very good sets of Results were everything aim for the last few years is now achieved "PROFITABILITY"
That was mainly due to the contracts announced lately and able to produce a set of results, were from sales to EPS have been better
The cash point most investors were interested were also in line with predictions after the Adquisition

There is growth it seems for the 2nd half and beyond according to the CE, so all and all very encouraging
"Our balance sheet remains strong with cash of $45.4m (H1 2005: $47.1m). The
majority of the decrease in cash compared to last year resulted from our
investment of approximately $1.8 million in Metrobility Optical Systems"

Closing price yesterday @ 29.75p +1p

Had a BREAKOUT on closing over 29.50p last high for the last 4 month

This are the calculations by Half year and Full Year

Master RSI 14/9/06 - Fcast for BATM Year 06
YEAR 06	Sales	Pretax Profit	EPS
1st Half	$34.1 M	$4.7 M	1.14 c
2nd Half	$39.8 M	$5.4 M	1.35 c
Full Year	$73.9 M	$10.1 M	2.49 c
Calculations are for a 16.7% increased on sales on the H2, post tax profit of $9,68M after Tax of 420K and on 389M shares

EPS of 2.49c once converted into gives 1.33p and at yesterday's price 28.75p the PE for 2006 is 21.6 Company has cash at Interims of $45.4 M = 24.1 M at exchange rate of = $1.88 represents 6.20p for share

Some are expecting a good run from the Tech stocks on the month to come ........

The Sunday Times October 15, 2006

Tech funds poised for a strong rally
The sector traditionally soars 20% over the winter, and takeover activity may signal a longer-term recovery, says David Budworth

FUND managers are predicting double-digit returns from technology shares over the next six months, as Googles $1.65 billion (890m) takeover of the online video site YouTube has encouraged investors to take a fresh look at the much-maligned sector.
Tech stocks have historically returned an average of 20% between October and March, compared with losses in the summer because of strong spending in the run-up to Christmas.

Analysts believe the takeover, which will turn YouTubes twentysomething founders into multi-millionaires, could kickstart the traditional rally this year.

Some even think we could be at a longer-term turning point, although hundreds of thousands of investors in tech funds who are still nursing losses after the dotcom crash will be forgiven for thinking they have heard it all before.

Tech stocks have lagged the wider market since the bubble burst in 2000. On Friday, the Techmark, which measures the London market dedicated to technology firms such as Amstrad and ARM Holdings, closed at 1,462, down 75% since the peak of 5,743 in March 6, 2000. Its US counterpart, the Nasdaq, has slumped 63% from its peak to about 1,700.

However, things are looking up for a new generation of tech companies, particularly in areas such as broadband and social networking. This was shown by News Corporations $580m swoop on MySpace last year, Yahoos acquisition of photo-sharing site Flickr and its ongoing takeover talks with college site Facebook, and now the Google deal.

Ben Rogoff, manager of the Polar Capital Technology Trust, said: Our analysis of previous tech cycles suggest that the sector is fast-approaching a turning point.

Broadband penetration and the lower cost of bandwidth are the key drivers for a slew of new applications that will allow the sector to deliver the next wave of technology. We believe we are on the cusp of a multi-year period of outperformance driven by superior earnings growth.

He is excited by software companies such as Webex and Salesforce.com.

Mike Bourne, manager of the Finsbury Technology Trust and Close Finsbury EuroTech Trust, takes a venture-capital approach to investing in the technology sector. He backs smaller, unknown businesses, such as Mamut, a Norwegian business software company. He says the opportunities can be mouthwatering, although he accepts the inherent risk.

Bourne said: The technology sector is full of uncertainties, but one constant remains: just when investors start to give up on the sector, it starts to deliver on its promises. Today feels very much like the late 1980s.

Technology was unloved, and only the most committed technology enthusiasts were daring to invest their own money into the sector. History has proved these can be the most rewarding times to invest.

However, other analysts warn that some of the recent deals have overvalued tech companies and that investors should take care.

Jason Britton, manager of the T Bailey Growth fund, said: Watch out for companies that are being backed on the basis of an idea, not the implementation of a proper strategy.

Investors can take comfort from the fact that tech tends to enjoys a rally at this time of year, but they should exercise caution after the spring.

Research by Cowen & Co, a technology-research firm, has found that most of the sectors underperformance over the past 20 years has occurred between March and October.

During the spring and summer months you would have made a typical loss of 1% each year.

Between mid-October and mid-March, however, tech stocks have returned an average of 20%. Over the past six years, when most dismissed technology as a dead duck, the sector has only dropped once in the winter; between October 2000 and March 2001 the Techmark fell 36%.

Over the past 12 months the seasonal trend has reasserted itself. The Techmark rose 21% between October 15, 2005 and March 15 this year, but is down 1% since then.

Alan Torry, manager of the SG Technology fund, feels there are good reasons why the pattern could be repeated this year.

Business spending is weighted to the end of the year as companies rush to spend outstanding budgets, he said.

Consumer spending on items like iPods and games consoles also surges in the run up to Christmas and the Chinese New Year.

The Chinese New Year, which is determined by the lunar and solar calendar, varies from late January to mid February. Like Christmas it is a time for celebration and present giving.

The American economy, the engine of global growth, is expected to slow over the next year, but Hitesh Thakrar, manager of New Star Technology, doesnt believe this will upset the rally.

He said: Although consumer spending on technology is slowing, corporate expenditure is taking up the slack.

The tech giants like Oracle, Cisco and Microsoft are so big now that a slowdown will hardly have an impact.

Research by Morgan Stanley reveals that other sectors tend to outperform in the final months of the year. Bank stocks, for example, have outperformed the market 73% of the time during that period since 1990.

Cyclical sectors such as industrial and consumer stocks also tend to perform well in the winter for similar reasons as tech shares: retail spending picks up in the run up to Christmas and companies are keen to spend money before the end of the financial year.

The easiest way to capture a rally in technology is to buy an exchange-traded fund (ETF).

These track indexes or stockmarket sectors and are bought and sold through a stockbroker like shares.

ETFs are cheap, with no initial charge and a typical annual management fee of less than 0.5%. But you do have to pay dealing charges to buy through a stockbroker.

If ETFs are too specialist, you could consider a technology unit trust. Darius McDermott at Chelsea Financial Services, an adviser, backs SG Technology.

To tap into a rally in banking shares, Morgan Stanley recommends Royal Bank of Scotland.

Alternatively, you could buy a fund which has a large exposure to banks such as Jupiter Financial Opportunities or New Star Global Financial

@ 27 / 27.25p -0.25p
It seems we have reached the top of the cicle again and slowly should move lower.

Funny how the Indicators take charge on this occasions ( slow stochastic this time ) where volume is at its lows

Post by wizzkid211 on the ADVFN site today for Batm

http://www.youtube.com/watch?v=G6tym51SiPA

It would be great if you could update the charts Master RSI over here please.
Remember DYOR

annbar

One can change the chart on many diferent ways, but the reading will be the same

I just went back a few pages and is full of charts
you can have a nother one and let me know how if is to you liking

I do try to have one at TOP from AM

RESUME L2 and order book at 16:04

A touch stonger today on the bid as the order book was also with bit more trades on the bid side but now is with 16 v 10

and also large trades at 33p bid 100K and 25k next 32.75 with 25K

at offer 33.50p with 25K and below 34p with 2 trades of 10K and 25K

Master RSI -

Thanks so much for your response etc. You seem to be a busy person dashing here and there.
News can't be far off we hope regarding contracts and figures.
Remember DYOR

BVC 34.25 - 34.50p +0.675p

Anything going over 34p is a BREAKOUT
Masive trades going on today and a large volume now 13.4m, very good for the BREAKOUT, plenty of volume

BREAKOUT

Indeed very large volume. Something looks afoot, I Certainly think we're long overdue a considerable rise higher.

Master RSI and Greyhound re your last posts it seems something is happeng here with this company. Today they notified a change of advisor. This share does seem to be on the verge of a breakout.
Remember DYOR.

After last week results, Investors Ctonical had a comment about BVC.........

BATM has put the telecom industry's recession behind it with a strong return to profitability. And these results are even better than they look, as profit is reported after $2.6m (1.35m) of exceptionals - mostly relating to a write-off on the sale of an investment in Taiwanese ethernet-switch maker Lantech, along with some rationalisation costs after the acquisition of Metrobility.

Sales to Nokia continued to build, as did those to a big, new customer for telecom equipment, Alcatel. Margins have also benefited from increased sales of software products - which is offsetting the fall in the older 'legacy' products - as well as lower research and development costs as operations are moved from the US to Israel and Eastern Europe.

BATM is, too, pushing into new markets, mainly in Asia. So prospects look good this year and even better in 2008. That said, recent restructuring in the telecom sector among the big players still makes for some uncertainty. The forthcoming merger between Nokia and Siemens could, for example, result in Nokia cutting back on equipment orders.

House broker Shore Capital expects pre-tax profits (before exceptionals) of $12.9m in 2007 (from $10.9m in 2006) and EPS of 3.05, rising to $17.9m and 4.01, respectively, in 2008.

A better day for the share price after a bit of going nowhere, but it was due to the share price is on the process on the charting world of shapping for a CUP, so now is on the bottom part rising slowly

On the way of a CUP and Handle pattern
After an uptrend, is common to see a CUP & Handle and eventualy a new BREAKOUT


The Cup with Handle is a bullish continuation
pattern that marks a consolidation period
followed by a breakout.

THE CUP
Shape: The cup should resemble a cup,
meaning it should have a rounded
bottom or U shape; a well-developed
U ensures that there is sufficient support
at the bottom of the cup. Ideally, the
sides of the cup are of approximate
height, but this is not necessarily a
requirement.

Master RSI, let's hope so. It's a long time coming and this hasn't done much in a couple of years. Would like to see the end of the 30's once and for all (on the upside you understand!)