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Looks like many institutions and pi's are keen to get liquidity, given the dramatic increase in IR, institutions are looking to sell assets, especially small - mid caps. Luckily BVC is making a lot of the right noises, especially after the investor presentation. Compared to other UK mid caps, BATM looks to be performing well, some decent new business or a continued improvement in earnings from Edgily would spring BATM's share price to the next level
Wonder when the next big news will be? looking forward to a nice price increase in the near future
Positive price action over the last month, the investor presentation definitely a major contributor. Ever since then, BATM's share price has steadily been moving past the 25 mark. Seems like Moti's presentation has resulted in an increase in confidence from the market. Interested to see if the renewed optimism continues this week!
Accumulating yes me too around the 20p 21p 22p levels - super spike due when this becomes trendy again. Where is ST at IC - must be due a ramp from him.
I think buyer still going all week, you can sell at 26.57 right now with 12 minutes to close of play and during the week and indeed this AM you could get at quote of 20 to 50 thousand shares at this price and above.
Someone is accumulating i think.
Great info Canary, will defo keep an eye on the companies on the list and see how their growth compares to BATM over the coming years
Yes Resistance there's a great room for growth for BATM if they can execute this correctly, i have faith in Moti to do so.
Interesting stuff, great background research. Several States are going down this Edge route for 911 services including the largest US state California, and I'm sure they all will over the next couple of years.
Forgot the link...Sorry
https://stlpartners.com/articles/edge-computing/edge-computing-companies-2023/
Verizon and Cisco have white papers on Edge services on their website
Cisco advertise their Edge service provided by this company Qwilt, its a private company and there is a link to their website on this link.
https://pitchbook.com/profiles/company/53012-44#overview
Verizon when you google Verizon edge you get a link to their 5g offering and within that this link
https://www.verizon.com/business/solutions/5g/edge-computing/
Finally this link is to 100 Edge companies to keep an eye on Telco is on it at no 82, done alphabetically.
A company called Pulsant is on it, they did the bus shelters round our way.
I think the 911 contract won by BVC is a big win , provided of course it is of substance and with a big telecom company
I won't post about this again unless i find something that might be more pertinent to BVC
I am watching this one. I do believe that there is a large buyer, trying to accumulate and maybe trying to get some cheaper shares from the long-term holders who are underwater and would like to get out… my guess is this should hit around 33- 34p over the next few months but who knows?
Verizon pop up quite bit, i think they will be one of big players with the smaller companies slotting in to support, but i have no idea at all.
Perhaps posters who understand the tech can comment and help me out?
It is interesting that Comtech have quite similar turnover to BATM but obv just in the telecoms space. Comtech are loss-making though. Comtech market cap on Nasdaq twice that of BATM.
Last one..this from California in 2019
https://news.caloes.ca.gov/cal-oes-announces-selection-of-vendors-to-modernize-state-9-1-1-system/
Https://comtech.com/
This company was mentioned in the article they support Pennsylvania.
I am trying to find out what companies supply technology to the 911 services in the states, early days, but i came across this article about NYC and its forthcoming upgrade , interesting reading there is mention of the need for good security ..
https://statescoop.com/nyc-on-track-to-launch-next-generation-911-system-by-2024/
Canary your positive perspective on the company's CMD is refreshing to hear. BATMS bold strategy, combined with the company's expertise, intellectual property, and capable teams, presents a compelling case for change at this opportune time. The scrutiny, testing, and eventual award of a 5-year contract reflect the thoroughness and value of the company's offerings, especially considering the implications for 911 calls. It's great to see the company's hard work paying off in such a tangible way. Your observations about share trading are also exciting. The increased trading volume and the stability of bids at higher prices indicate growing confidence and interest in the company's prospects. It's always a positive sign when market sentiment aligns with the positive outcomes of significant events like the CMD etc etc. New coverage and potential buyers entering the market is what us shareholders have been waiting for and would further strengthen the company's position, providing additional opportunities for growth.
I think the CMD is a real statement of intent, the research and subsequent document created with a leading consultancy taking 3 months IMO costing 6 figures plus, has IMO led to a clear and detailed plan going forward, the document starts with the usual disclaimers about not being independently verified, again IMO the use of these type of consultants goes a long way to negating that disclaimer.
When i read a comment about BVC selling two businesses that bring in 80 million of revenue , my mind went to Marconi, but it seems he company is changing focus to the innovative and high margin areas part of which already do a considerable amount of business.
The strategy is bold and of course is high risk, however the level of expertise , the IP and the seeming high capability of the teams says to me that the leadership of the company think this is the time to go for the change.
Personally whilst i am new to the company and trying hard to raise my understanding of the products, the RNS on Monday
gives me huge comfort around Edgility, back in the day i worked in Local government in a fairly big metropolitan borough, the resistance to change and risk averseness was very significant, and whilst that may have changed a lot as it was some time ago, the company i subsequently worked for gave up pitching for central and local government work because the tendering process was and is extremely lengthy and expensive.
So Mondays RNS about BVC supplying a major provider to a top state would in my mind go something like this. The supplier tests and works with BVC and the IT staff that work for the State, they then have to make a decision about how high up the food chain in the workings of the state do they need to go to get approval for the change to bring on board Edgility,
I think it will have gone high up that food chain and would have involved the political part of the administration, after all if it goes well or not so well, they will want to share out the glory or brickbats. So to me thats good thing full scrutiny and testing ending in a 5 year contract is excellent.
I have also found the share trading interesting the last few weeks or so, there were a few days where the bid was rock solid at 23.5 and there were high volumes around that price, it seemed fairly clear to me that someone was buying off the bid and someone was happy to oblige and load it up, one day i am sure i saw a late trade printed of a million or so shares.
From the 23rd of May until the 6th of June I bought 8 tranches ( small) between 22.9 and 24.6, until the day after the II CMD , that changed, volume dropped off the price required to buy went higher, and I could get quotes to sell 20 or 50 thousand shares at above the prevailing bid.
I personally think that the trading i have encountered shows that the CMD has gone down well, and i am very hopeful that we see some new coverage and perhaps some new Buyers.
Just a few musings from a newbie
I like your thinking Mary, if they fully capitalise on the opportunity they have, especially with Edgility, then BATM will be a money making machine
The presentation was excellent and will reflect, with patience, to intrinsic growth and SP will follow. The 20p entries could be 5 baggers by 2025.
InC ty
Awesome summary InContext, highlighted all the key points. For anyone that missed the investor presentation I would recommend InContext's post about it. On top of all the excellent developments, I am also glad that they answered the key questions retail investors had. Instead of just answering the easy questions, they answered the important ones. I think this company has a big future ahead of it.
Three hours in and one trade, a sale
Amazing stuff
I suspect it has gone down well no trades so far today but i can get quotes to sell as many as i want and the price remains steady all the way up.
Perhaps we will get some broker reaction in the next week or so one they have digested the content and come to some conclusions.
Anyone watching the presentation is surely impressed. They showed that sales had grown since 2018 even when you take all the covid business and the 30M software sale out and they made a profit. At the same time they have developed 2 major pieces of IP Edgility and Diagnostics (ADOR) and financed it all in house. They have a significant lead in Edge computing platform Edgility 20 to 24 months mentioned thats due to their early involvement via NFVTime. Incredibly undervalued with excellent prospect.