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Revenue and profits are forecasted to be up in all divisions for H2, The year is about over and no profit warning, last year sp was around mid 30s and not doing nearly as well in terms of profit, I can see a rally soon when the MMs let it! Gl and merry Christmas!
Merry Christmas Nutmeg & this lower SP should be a great entry level.
I have this on my watch list (after selling at loss after year 2000 boom) but just can't see any end to the war sadly.
If Israel ends up in perpetual state of war (which suits Russia and others) does BATM manage to grow the business?
Https://www.jpost.com/business-and-innovation/article-779622
BATM theatre of operations is largely outside of Israel. Adaltis in Italy and Telco systems is a US company.
RNS promptly issued by the Company 9th October 2023
"Response to recent developments in Israel
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, confirms that it does not expect the tragic recent developments in Israel to have a material impact on trading."
If anything the crisis in Israel will only increase their growth, especially in times of conflict, governments often increase their defense budgets to enhance their military capabilities. This can lead to increased orders for military equipment, communication systems, and cybersecurity solutions - areas BATM specialise in.
Yes, the crisis in Israel may potentially lead to increased orders for BATM's products and services, driving growth opportunities for the company as governments seek to bolster their security and defense infrastructure.
Pedrobull, its hard to say whether BATM can grow with a sustained period of war but if any company can do it surely its BATM. It's essential to note that the impact on the company's growth would depend on various factors, including the scale and duration of the conflict, government budget allocations, and global geopolitical dynamics. Whilst the heightened security concerns could create growth opportunities for BATM, im not sure how this would be reflected in the SP due to uncertainty. Time will tell.
Near it's all time low! Far fewer companies and governments will trade with Israel when the war is over. Except the US who will award themselves all the lucrative back handed reconstruction contracts.
Last trading day of the year. BATM hasn't had the best year but many analysts are predicting a strong 2024. What are people's price prediction for end of next year?
2024 expected EPS growth of +125% and total revenue of 153.6 $M …. As stated before Revenue and profits are forecasted to be up in all divisions for H2, so at a guess around the 65p + IP value, I personally like Telco Systems Edgility’s which is expected to deliver significant carbon reduction as well as a 60% lower total cost of ownership compared to existing solutions over a 4-year period and has been given quite a few prestigious awards, worth more than this sp on its own!
Hoping this share will exit its slumber soon. Year end results will obviously provide a boost but that is still a while away. Contract news due soon as we are well overdue positive news.
Resistance i hope so, looking forward to the january effect!
Looking forward to see how BATM will allocate their healthy cash reserves in 2024. In my view there will be many opportunities for BATM to exploit throughout the year.
Tel Aviv BATM rising - Sunday trading - when while London go 7 days too.
Https://uk.investing.com/equities/batm-advanced-communications-ltd
Weekly chart is forming a bottom it seems.
Yep still a strong buy on investing.com further indicating how undervalued the SP is. I managed to buy some on the dip and I am averaging down nicely since i still have some in at 30.
Positive price action recently, hopefully this can keep up!
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.
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
Stocksensei - probably BATMS fundamentals pushing through the shorts and a bit of the january effect!
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?
I haven't added recently as I am super stretched at the moment. If I had spare funds I wouldn't hesitate.