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The increased anticipation of war also means that the government will be increasing their defence spending, notably in cyber security which would lead to a flurry of orders for BATM, most likely larger than the previous $3mn order in October.
Positive movement today which gives me confidence for the near future, a bit shaky yesterday perhaps due to nervous investors but it's nice to see the positivity finally breaking through. Would be nice to receive a boost through new contract announcements or product developments to keep the SP ticking up.
Pedrobull. While it is true that Israel is a "nuclear state", if they were to resort to striking Iran with nuclear weapons as your post seems to imply, I suggest that we would have more to worry about than the price of BATM shares.
Thanks for this and good article.
The worry for me is the war and as the writer says - "I’m hoping for a peaceful resolution in the current conflict. It would also be good news for BATM, and I think this is one small-cap to keep an eye on."
I think the war is spreading and Israeli government will press on and possibly have to directly attack Iran.
Note Israel is a nuclear state!
GLA
Good start to the year for BATM with the stock up 15% this week alone. Feel like this year BATM could you really prove the bears wrong.
Up again in Tel Aviv 2.7%
Resistance - just seen your post- thank you Alwaysone
Https://uk.finance.yahoo.com/news/2-interesting-penny-stocks-caught-163100818.html
I haven't added recently as I am super stretched at the moment. If I had spare funds I wouldn't hesitate.
Another positive day again today. Looks like LT investors will be rewarded for their patience this year. Thoughts on me adding to my position given the SP is still low compared to fundamentals?
Stocksensei - probably BATMS fundamentals pushing through the shorts and a bit of the january effect!
Marybr source of article?
Stall here but telaviv continues to rise 115 atm
Https://uk.investing.com/equities/batm-advanced-communications-ltd
BATM Advanced Communications
BATM is an Israeli-based technology business with interests in cyber security, networking, and medical technology.
As I write, BATM shares are trading for 22p. At this time last year, they were trading for 32p, which is a 31% drop over a 12-month period. Macroeconomic volatility, but especially the war, has pushed the shares down.
The obvious risk for the firm is the current geopolitical picture in the Middle East. Continued conflict could hurt performance, sentiment, and growth. In addition to this, larger competitors in its industry with much more money and resources could out-muscle the firm.
However, I’m impressed by BATM’s performance and growing presence. Between June and December, it racked up $32m of orders. Its half-year period to the end of June saw revenue, profit, and margins all rise too. The business also looks to have a healthy balance sheet too.
I’m hoping for a peaceful resolution in the current conflict. It would also be good news for BATM, and I think this is one small-cap to keep an eye on.
At just over 22p a share, I’d be willing to open a small position the next time I have some cash to invest. I reckon there’s plenty of room for growth, especially as we hurtle towards the artificial intelligence (AI) revolution and governments continue to increase spending to ward off digital threats!
10-Jan-24 09:02:21 23.00 7,750 Buy* 22.20 23.00 1,783 A
10-Jan-24 09:02:21 23.00 10,000 Buy* 22.20 23.00 2,300 A
10-Jan-24 09:02:17 23.00 46,402 Buy* 22.20 23.00 10.67k O
10-Jan-24 09:01:01 23.00 10,000 Buy* 22.20 23.00 2,300 A
10-Jan-24 09:01:01 23.00 10,000 Buy* 22.20 23.00 2,300 A
10-Jan-24 09:01:01 23.00 10,000 Buy* 22.20 23.00 2,300 A
10-Jan-24 09:01:01 23.00 10,000 Buy* 22.20 23.00 2,300 A
10-Jan-24 09:00:59 23.00 108 Buy* 22.20 23.00 24.84 O
10-Jan-24 09:00:59 23.00 13 Buy* 22.20 23.00 2.99 O
10-Jan-24 09:00:59 22.20 115 Sell* 22.20 23.00 25.53 O
10-Jan-24 09:00:51 22.992 49,000 Buy* 22.20 23.00 11.27k O
10-Jan-24 08:56:50 22.7676 2,617 Buy* 22.20 23.00 595.83 O
10-Jan-24 08:53:29 22.7672 7,500 Buy* 22.20 23.00 1,708 O
10-Jan-24 08:02:37 22.5795 4,000 Buy* 21.55 23.00 903.18 O
10-Jan-24 08:00:28 23.00 1 Buy* 21.50 23.00 0.23 UT
Moving back to 30p soon
Ahh I was miss-informed, the $26 million order was in 2023. Any ideas as to what caused this recent increase in SP? Doesn't seem to be news related. Maybe just a bit of mean reversion
Good start to the week for BATM as they company have secured a significant government cyber security order valued at USD 26 million, would be good to get a strong drive up to 30 over the coming weeks to maintain momentum.
Positive price action recently, hopefully this can keep up!
The large buy on the 5th Jan 2024 would suggest that someone is in the know....
05-Jan-24 16:16:03 20.875 1,507,539 Unknown* 20.75 21.00 314.70k O
Does look like a double bottom. But that buy signal is just for an hour, not so good for week/month
Not that I put too much faith in charting as has rarely worked for me. I do like BVC though
https://www.tradingview.com/symbols/LSE-BVC/technicals/
Double bottomed?
https://www.investing.com/equities/batm-advanced-communications-ltd-advanced-chart
Technical signals SCREAAAAAAAAAAAAAAAAAMING STRONG BUY
https://www.investing.com/equities/batm-advanced-communications-ltd-technical
https://www.investing.com/equities/batm-advanced-communications-ltd-technical