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Great analysis InContext, from my perspective Edgility and ADOR are were the alpha lies for BATM - value that has not been baked into the SP but at some point will become the driving factor for this stock.
One of the big issues with BATM share price has been valuing their IP. It is an integral part of overall valuation and the SP trended very much higher than today on the perception that they would sell either the medical or Telco arm for fairly large amounts. BATM decided to keep both of these divisions rather than sell them off which in turn means that the SP is judged on revenue more than IP. It’s now likely that the company will divest itself of non core assets and these will top up the coffers but not to the degree of selling one of the main divisions. So we have a situation that based on pure revenue the company is still undervalued by some 70% according to Simply Wall Street and fundamentals analysis. If Edgility and ADOR start generating revenue it will come on top of these fundamentals sales and you have a whole different ball game.
Pleased to see a bit of positive volume. Maybe have turned the corner. Hope further contract announcements keeps this momentum going.
Short term price movements, they have been manipulating the stock for over two years, they must be running out of a free float…check out the trade signals!
It's clear that the company has demonstrated positive trends in terms of revenue growth, profitability, and the development of new revenue streams. These are all strong indicators of a healthy and forward-looking business.
The suppression on the SP of BATM is criminal but it did seem like it was trending upwards before certain events occured. When a company like BATM maintains its fundamental strength and continues to innovate it would be impossible to say that it won't bounce back
It's important to focus on the company's long-term potential rather than getting discouraged by short-term price movements.
BATM's revenue growth, profitability, and emergence of new revenue streams are v positive. Although, market sentiment and shorters may have suppressed the SP, history shows that such situations tend to correct over time. With adequate funding and new technology on the horizon, BATM appears well-positioned for long-term success. While short-term fluctuations may occur, the potential for new contract announcements makes this an attractive LT investment
Although I agree with you that the stock is being shorted, I dont believe it is on a massive scale. It is low level shorting probably by PI's, which disproportionately impacts the stock SP in a very low volume and poor market sentiment environment. We see the avatars of some of the shorters here and on another board making wild, ill informed comments after they place their bets. They might win for a week or two, but a stream of new contract announcements will dismantle their positions.
Good morning shorters, just wondering if shifty the rat is still with you?
BATM are not alone in getting the treatment. A client of theirs Israeli Audio Codes in this file is also trading at around 20% of their historic value in spite of turning in reasonable sales figures. BATM revenue last period was ahead of pre Covid numbers when you strip out Covid test kit sales. All divisions are in profit and there are new revenue streams starting to be seen in the bottom line. The shares have been hideously manipulated but they can’t do it for ever. I have not seen a single analyst report that says they are not very undervalued. The company has adequate funding to bring this new technology to market and in this environment that’s a big deal.
It's a shame about the number of shorters and turncoats who plague this stock, however i wouldn't let that deter anyone from investing. Fantastic fundamentals will prevail during times of uncertainty for the business. I see the current share price as win compared to what it could have been due to macroeconomic events.
Good morning, shorters back for some more I hope the greed gets you!
Resistance, I only have a very small holding here, around the 20p mark, was following this for a long time, and shorters destroyed the Sp for years and still are, I know it is worth much more already, just hope the shorts get burned, caught spreading misinformation, fined or all three!
Nutmeg, I would expect we will get more orders over the coming weeks as the 'Government customer' tightens up their cyber security to these increased threats. Any planned spending will also be brought forward as budgets are increased. Iran as well lurking in the background. Big unexpected chunks of high margin revenue for this and the next financial year.
Https://blog.checkpoint.com/security/evolving-cyber-dynamics-amidst-the-israel-hamas-conflict/
Great news today although SP doesnt seem to reflect it . Hopefully we can continue this momentum and win more contracts in the cyber security division. Next few weeks will be interesting.
I defer to your knowledge on this one. Just biding my time awaiting the evitable reversal in this share's fortune
I believe it is Ennismore Fund Management, 5 Kensington Church St, London W8 4LD that are at it! and have been for years!
Resistance, I think there could be more to it than that. A lot of BATM’s technologies are in advance stages, and other companies may want to buy parts of them, as I stated before, telco systems is worth far more than this SP on its own, and if you look from a SharePoint of view at the chart at the start of this year, the share was doing around 37% higher with less contracts and not even close to doing as financially as well as it is now!
Nutmeg I not sure if the (very low) level of shorting is institution driven -- although I appreciate in the past this has been the case. Too small to bother. More likely the result of 'pound shop' PI shorters. There is a poster on this board and on another forum that fits this bill -- blatant scaremongering posts full of nonsense. In a period of low volume and poor sentiment, brought on my the conflict, it doesn't take much to shift the SP.
It does state that “ and continue to receive new orders” … hopefully it catches the institutions that are responsible for the downward pressure off guard and maybe cost them money on there low level shorting run!
I note on the RNS it is the first time that the long-standing Government department has been identified as the Defence department. Clearly the current situation will result in vastly increased expenditure for defence, with cyber security pivotal to this. I would expect more rapid announcements in the coming weeks as security is beefed up.
"We are pleased to be awarded another significant order for our cyber security solution, which brings the total amount of cyber orders received this year to over USD32 million. As we ramp up delivery under our existing orders and continue to receive new orders for our best-in-class cyber solution, we remain very confident in the prospects for this business and we look forward to reporting further progress."
BATM just announced another cyber security order worth $3 million from a long-standing government defense department customer. They'll be providing advanced hardware and software-based cyber solutions. I like the fact that it mentions that most of the delivery is expected to be completed within the next six months. This order adds to their previous wins, including a $3.4 million order in September and a $26 million order earlier this year. It seems like BATM is doing really well given the circumstances.