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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.
Stock sensei, well cyber orders received this year total over $32.4 million, Telco System’s Edgility rolling out in USA with significant number of awards in my opinion could be huge winner… the medical diagnostics which has a huge market in the near term. I think already the share price should probably be three or four times what it is now, but the market will manipulate and do what it wants as usual!
Nutmegmilk, I agree with you, the big institutions run the game. Whats your medium term (6-12 month) view on the markets? My personal opinion is macro is what is holding small caps down. Once we sort out inflation and begin to lower rates and QE resumes I think BATM will be a big winner - until then its just about PCA and looking out for new contract announcements.
Stock market is unjust, the big institutions control it all, lending stock out to be shorted till they decide to let it go up when it suites them, small investros are just prey, fundamentals are just numbers .... rant over, lucky I did not go in big with this again as I know the share behaviour is dismal, I can't believe they made it easier for shorters, they should be banned like in other marktes!
BATM being down 32% since 15th Sep while continuing to build with more and more contracts goes to show how far BATM has drifted from the fair value. Uncertainty always causes havoc and are often the best times to buy as investors get fearful. In the LR, all that matters are that BATMs financials continue to improve and shareholders will reap the rewards.
Now below 20p. Told you so.
Yup iparsnip down 32% since 15th sep and doing financially better with more contratcs ... you would nearly think it was being manipulated!
And the SP continues to fall. Can't even make money from its own country's war. How long before there is nothing left at all?
That’s good news and thanks for the info … shame the little shorts are waiting to nibble this down again today …. So predictable, But presents an opportunity!
Looks like the US state for the 5-year Edgility contract was California some research reveals. So when we say only one State at the moment, that State has an economy larger than the whole of the UK. See below:
BEVERLY HILLS, Calif., January 31, 2023 (GLOBE NEWSWIRE) - Next Generation Advanced (NGA), a global leader in NG911 digital emergency communications services and source for complete, adaptable, and reliable solutions announced today that they were awarded the $37M contract to provide the 9-8-8 call-handling system for the State of California.
Be amazed if this does not break below 20p. Chart looks awful.
I just seen this was posted earlier…. My bad sorry for the repost link!
Https://www.proactiveinvestors.co.uk/companies/news/1030638/batm-s-diagnostics-investment-underlines-strides-forward-believes-broker-1030638.html
iparsnip many happy returns to you!
It's probably not a bad metric to equate BATM entire market cap X? with the value of the equity share they have with ADOR. Rest of the company for nothing. We do have a war in Israel and the head offices are there but the largest interests are outside the country.