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 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!)

from another thread.........

Master RSI - 26 Apr'07 - 13:26
Look at the chart I made yesterday, and at this price at the other side ( left ) of the CUP there are a few ups and downs 30.50/31.25p, most likely will do the same, just an idea




Master RSI - 1 May'07 - 23:54 - 16959 of 16959 edit
Today's chart share price still on the circle

Ready for February highs once more!

News early this morning and share price on the rise to filled the CUP on the chart .........

BATM signs agreement with major EU telecoms operator

BATM Advanced Communications Limited (LSE: BVC) ("BATM"), a leading designer of
broadband data and telecoms systems, announces that it has signed a long-term
supply agreement with a major European telecoms operator to provide Carrier
Ethernet equipment.

Whilst the contract contains no volume commitments by the telecoms operator,
BATM believes that the agreement is likely to be worth several million US
dollars. Deliveries of equipment are due to commence later this year, with the
majority of the orders expected in 2008 and beyond. In addition to Carrier
Ethernet equipment, BATM will also provide systems support on an ongoing basis.

Dr. Zvi Marom, Chief Executive of BATM, said: 'We are very pleased to have
signed such a prestigious new customer in Europe, and believe that there is
potential for further major agreements.

'Trading in the first quarter of 2007 has been encouraging which provides us
with continued optimism for 2007 and beyond.'

It seems we finally done the BREAKOUT from the APIX on the CUP & HANDLE

As the chart says, the UPtrend is on for the last Year

Selected this morning on the "UPS" thread ......

(Added by Master RSI on Tue 28 Aug 09:27 am)

BVC - Mid 31.125p

Reason - Due for results on a couple weeks (10th September) Order book and volume getting better after some time on the negative side, company said volume up 15% for the 1H, but vey good results for the full Year and 2008 is expected on the Market

Good morning all ,on 1H results day

Not much time to look at them properly yet, so the fisrt impresiton is a good set of results but nothing to set the world alight.

As I said a few weeks ago on the profit forecast, we were a bit to bullish and the results would not reach those high expectations, so that is the case today as the results came out.

It seems everything is higher than last year, and that includes the admistration cost.

RESUME of the Figures

On sales UP 16% the company managed to increased Gross profit by 30%, this represent they managed better margings 46% ( 42% ), once taking higher administrative charges and a written off from Lynnx that gives Pretax were UP by 27% to $5.7M and then a higher tax 8.2% ( 5% ) gives a final EPS up 21% or 1.33c ( the most important figure for calculations of PE )

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.