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BATM - excellent "Global Telecom win" (BVC)     

Greyhound - 24 Nov 2005 16:55

BATM back on the rise with news today of a global telecom win. Apparently this was won fair in square in a fiercely competitve market against many other majors. Share price up to about 35/37 at one point today. Plus the announcement that sales are running at a better than expected, pre-advised level of 34%. Looks as though there could be a lot more upside with BATM. At the last results the company turned profitable for the first time in many years and they still have about $50m in the bank, proving tight reins on the cash but still investing in research where necessary and appropriate. Fun times ahead for those holders...

Greyhound - 25 Nov 2005 08:53 - 2 of 5

Rising again today and talk of investor presentations to explain the nature of this major win. Will be interesting to see upgraded analyst forecasts once further details are known.

Greyhound - 25 Nov 2005 09:50 - 3 of 5

Talk that the major contract win is with Nokia, if anyone else is watching this!!

neilmcleod - 25 Nov 2005 09:54 - 4 of 5

If it is Nokia, then this is really a major step forward.

The current share price of aroung 34p is quite demanding when looking at the previous accounts etc. However, with this Nokia deal, and hopefully a few others in the pipeline, I think we could see a major re-rating over the next 6-months or so.

I hold BVC shares, having bought at 14p about a year ago, so am excited at the prospects.

Greyhound - 25 Nov 2005 10:12 - 5 of 5

neil, we must have bought about the same time and am feeling very buoyed up at the moment. I understand there is an article in the Mail today reiterating good prospects and possible contract with Nokia. Plus the mention of fund managers, so if they are once again sniffing around, all bodes well for significant re-rating in due course.
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