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

           

On having a closer look at the figures I am finding some bull points aswell as some bear ones

Positive
Company continues to grow at a decent pace EPS of 21%
Margins also increasing
New contracts have been won recently
Cash positions are increasing despite some larger R & D

Negative
The 1H sales did not increased as much as expected
Once again another write off
Cash balances did not increased as much as should have been only $1.56M ( pretax profit were $5.7M )

No much happening today apart from sales.

But I managed to make another chart were the UPTREND of the last Year is still on

RESUME OF THE last 4 years chart

We still are on UPTREND but what it worries me is we did not had a breakout from the high of early January 2006, despite good results recently and a string of orders for the future.

The downtrend would be on moving under 26p. The rest is on the chart

I knocked this one on the head some time back now, but don't doubt that at some time in the future it will come good. I just think there are better opportunities to make money rather than tie it up for years in the ISA. Even just putting money in Rio Tinto this year will have seen much better performance.

The chart is really looking in a bad shape over the last 9 month
On breaking under the 30.50p, is consider as DOWNTREND

The same on the 18 month

There is a consolation if looking into the 4 years chart, as the UPTREND is still on

That was yesterday's comment......

Why there is no interest on the company and Share price is falling?

This could easily be that the company has not made any announcement for some time now and at also the cos the shares are languising at a YEAR low.

Naturaly one could not be happy thinking of a year waste of investment, and maybe also why "I did not cash some chips" when they where at much higher levels not so long ago.

What's wrong?
Something went wrong somewhere with the last figures, at least I had reached that conclution and that was the reason that I did take some profits after the last results ( I did say ) as others did much the same a couple days (weeks) later.

Maybe now is a bit too late to sell, as the last statement was positive for 2008, but the chart is looking worse by the day, culminating on today's closing to last April's low 28p, the support is at 27.83p at the moment and breaking that, then easily could go to 26p of November 06.

Time will tell



Latest interview of CEO

http://www.wallst.net/audio/audio.asp?ticker=LON:BVC&id=4276

                       


Looking forward to the next couple days to see if it managed to BREAK UP into a new short term trend



       

The good news have come early this Year, "Results will exceed market Expectation".

Well now only short of 7 week to wait,

BATM Advanced Communications
Trading Update

BATM Advanced Communications Limited ("BATM" or "the Company"), (LSE: BVC), a
leading designer and producer of broadband data and telecom systems, is pleased
to announce that its results for the year ended 31 December 2007 will exceed
market expectations.

BATM will publish its full year results on Thursday 21st February 2008.

Had a closer look at the chart as the BREAK over 36p is not happening yet, so I've seeing a posible double top.

no question about it, but BATM has performed exceptionally well in these more than scary markets ..... as Master RSI says, watch out for the figures on 21st February ..... timing a new entry is trickier than usual, but if the markets fall away in the next couple of weks, which is far from impossible, that could be a good time to buy, especially if sp comes back to say 32 .... that always assumes you have appetite for further exposure in the markets at all!

Some good trades this morning are moving the share price higher

volume now 2.3M price at 34 / 34.25p +1.125p

Year results on Thursday 21st February 08

Company said last month on the update " Resuls will exceed market expectations "

certainly performing very well indeed, but looks poor odds to put in new money at this juncture

results out ..........

BATM Advanced Communications Limited
Preliminary results for the year ended 31 December 2007

BATM Advanced Communications Limited ("BATM" or "the Company") (LSE: BVC), a
leading designer and producer of broadband data and telecoms systems, announces
preliminary results for the year ended 31 December 2007.

Full Year Highlights

All figures in US dollars

2007 2006 Change %

Revenue $96.9m $73.5m + 32
Gross Profit $45.5m $31.2m + 46
Operating profit $16.6m $7.3m + 129
Pre-tax profit $20.0m $6.9m + 190
Net profit $20.1m $6.4m + 214
Earnings per share 5.08c 1.66c + 206


* Excellent full year performance with a strong second half
* Gross margins of 47% compared with 43% for full year 2006
* Operating profit more than doubled
* Net profit more than tripled
* Substantially enhanced year end cash position of $64.8m (2006: $50.4m)
* Proposed dividend of 1 cent per share (first dividend since 1999)
* Positive outlook for 2008 based on existing growth and new contracts
signed in 2007


Dr Zvi Marom, Chief Executive of BATM, said:
"2007 has proved to be an excellent year for BATM, with our solutions and
product lines performing outstandingly well.

"Sales to existing customers have shown considerable growth and we continue to
win customers both in existing and new geographical areas. We have also taken
steps to further enhance our intellectual property in respect of current and new
products which, we believe, will help to further underpin the Company's
prospects.

"Given the progress made to date, BATM is better placed to continue its growth
than ever before. The first dividend payment since 1999 is clear evidence of the
confidence that we have for 2008 and beyond."....

excellent news and sp performance for existing holders

The reults above were well up at any one expectations, though the company said they would be better than the market expected.

On top they declared a dividend of 1c

sp has now moved into relatively new high ground - i.e. not been this high since early 2006 - so surely consolidation or even pull back to be expected?

don't look back too far in history or you'll give yourself a heart attack as to where it was once upon a time!

No news of its contents yet, but Share Magazine has today a BUY...

SHARES MAGAZINE
Headlines
* Buy BATM