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Who said anything about 'scot-free'? What gibberish are you ranting about? Everything you listed is totally irrelevant to what I posted. I simply asserted that the delay thus far is almost certainly the fault of PKF and that shareholders shouldn't worry unduly about any vicious rumours that it has anything whatever to do with Eco-Fox itself. As for updates on the factory and commissioning, delivering 'first walls' to their 2 Kosovan customers, Chile, etc, my guess is that as long as PKF have created such a delay, management has/will opt to update the market on relevant matters near to, at, and soon after re-listing so that the information is fresh and up-to-date. That wouldn't necessarily absolve them completely for the 'sin' of not having done so sooner but, if as is likely, part of PKF's malfeasance has been that they were never able to give management a clear guide as to when the work would be done (as has been the case in other companies I am aware of), its quite possible that Sanjay - even with significant progress to share - may have opted to wait until that end date was in fact clearly committed to before organising those updates so as not to made to look foolish by providing an update and then being made to wait many more weeks, even months, before the shares were able to re-list. If I'm right, that looks at least a defendable decision on his part to me. As with others here and on telegram, I too am hopeful that PKF are nearing or have reached the point when they can/have provided a clear steer on a date of completion, so that we will then hear from the Company on a targeted re-listing date and the aforementioned operational update(s). As for an update on the Stone Alliance litigation, that is a total lottery ticket and you should treat it as such; i.e., worry about it somewhere else.
There's a lot of not entirely surprising (or unwarranted) gnashing of teeth (and far worse) here blaming management for this interminable delay. However, the more that one looks around AIM, the more companies one finds with auditing delays where PKF is the audit service provider. Further enquiries have revealed that PKF is a complete mess frankly: Overbooking clients while actually understaffed and riven with a super-cautious approach that requires reviews and re-reviews that they are also unable to conduct efficiently because of a shortage of senior staff as well, this time through early retirement. There are credible rumours in fact, that class action suits (are there such things in the UK?) are even being considered by the management of the impacted companies, and some the larger institutional shareholders. For me therefore, I think we will see our re-listing soon, and as nearly as is possible, PKF to be thrown under the bus in the process. This delay has been far too long, but increasingly, it does not appear to be ECO management that are responsible in my estimation. Small comfort perhaps, but at least we can discount the more lurid, troll-y narratives here.
That's not an unfair take, Barnacle. Anyone in the investment group at 5.68p is certainly incentivised to buy in the market below that figure. More important than the price they're paying in the fundraise, is the fact that they are all in a position to hold an unlisted share. In addition, the 'matching' system for possibly 'trading' your shares, if one does go the private route, can be relatively effective (at times). There are a couple of platforms that provide that service and certain names have indeed seen big gains on a matching basis. One of the big problems is this, however: if you thought that management s***d at comms when BRSD was listed, just wait until you are a tiny minority shareholder in the Company when its private. Also: a small detail on the deal if anyone is considering going for Open Offer - the Leahys of the world are getting 1 warrant per share, while the miserable retail shareholders will get 1/2 warrant per. More evidence, as if you needed it, that this is an historically outrageous breach of the spirit of the takeover code. Full stop
First of all, that's needlessly anti-semitic, so knock it off. Secondly, the key people and institutions that are f-ing you are almost entirely British.
Sure, and if you're willing (or able) to keep an unlisted/private share for 3/4 years until the Company is sold or re-listed, then the group's 5.68p investment is a good sign for you. Otherwise, this is a case of 'They did it because they can....' and a complete whiff by the Takeover Panel.
The placing is the least of the news. Shares are being de-listed without a group with more than 30% having to make a bid. Outrageous
Katie Potts has indeed been a long-term supporter of the Company
Sorry, nutmeg, but the close of ILS135.1 in Israel today (on just 160k shares vs the 1m+ that traded here Friday) is the equivalent of only around 38.2p which doesn't quite rise to our 39.25p close on Friday (when the TASE was closed of course). So we'll have to hope the price continues its rally in Tel Aviv tomorrow while Friday's buying in London continues as well.
As another poster points out on ADVFN, if the rebalance of the TASE 125 - Israel's 1st or 2nd most commonly used benchmark - were held today, BATM might have a technical chance to be allowed re-entrance, at least on the market cap metric. Despite that, it would still be unlikely as the stock market officials responsible for making those decisions, use other measures as well, like liquidity and/or free float. However, as he further explains, if BATM can go continue on a further genuine, sustained 20%+ rally, particularly against the backdrop of a very weak Israeli market this year overall, then BATM's eligibility may become irresistible at the time of the next rebalance. Remember: the ejection from the TASE 125 last August resulted in a shocking 7m excess shares for sale at the close of the rebalance day, which caused a significant fall in the sp, and in some ways, an overall negative impact on sentiment from which we are still recovering.
For the record, I was originally very critical of the Company when it began to appear that the buyback had slowed or even ceased, particularly when the shares were ejected from the TASE-125 last August. But I've done a lot of work on the Company's focus businesses, particularly Edgility, and particularly the CityFibre contract - which I think is going to be printing money when it gets to critical mass sometime next year - and I shifted my investment thesis. I too averaged down very significantly in the low 20s and I'm particularly enjoying this mini-rally which I think we all have a legitimate hope is the beginning of something more significant. We'll see
Agricore - I didn't mean the Company 'cancelled' the buyback formally. In fact, it has been approved and was engaged briefly and could be engaged again at any time. What I meant was that management made it clear some time ago that they were in the early stages of what became their new strategy under Moti, namely the goal of focusing the firm on what we now know are the 3 growth businesses to which they would seek strategic acquisitions focused on gaining Tier 1 customers, and disposals of the areas deemed non-core. In the context of that significant a strategic shift, the message becomes clear that excess capital will be marshalled toward investments and not share buybacks. Moti indeed confirmed that I believe while answering a question in the retail shareholder webinar. Fwiw, I attended a couple of presentations and debriefed with others who had one-on-ones. And finally, I don't mind naming names: I'm sure he's just a lovely investment partner for you elsewhere, but over here Dartron is an ignorant tool.
No, that's not a correct reading, flava/HH. First off, the sp has fallen back after a big rally and worry about the bondholder getting another tranche of shares. I believe this is Michael Spencer's investment vehicle. If so, he's not been out there shorting shares, etc. lately or any other activity that would have affected the price. He's a very, very, very long term shareholder who has never sold a share and thus is virtually guaranteed not to sell these anywhere around these levels. In the meantime, the juice here is that the bondholder, who likely would have sold the shares, is getting cash. It's a big win for us.
Ok, it was 'only' an RNS Reach, but Dulux is the big time. There are a lot of paints and coatings companies out there, so I don't think its unreasonable to think that Dulux wouldn't have agreed to act as a distributor -stockist of our product range if those products didn't offer the specialised fire protection and insulation abilities that the Company claim. As the CEO implies in his statement, I think the most important thing here is the implicit endorsement in the RNS of those specialist qualities, by an industry leader. Now let's see Zed push on and really monetise their improving industry profile!
As an advfn poster pointed out this morning, Cyber could well come to be worth the current market cap of BATM all by itself at this rate. Single customer (so far) or not, Cyber is kind of killing it. With this morning's order following the $26m jumbo win a few months ago, and more to come 'in the short term', there's significant momentum in the least heralded in many ways of BATM's major growth centres. In addition, it puts the lie to the fear that recent political turmoil in the country might slow down or impede the Company's progress with signing Cyber business with the government.
Team is in town Wed and Thurs for one-on-ones with a variety of institutional investors and hedge funds, existing investors as well as potential ones, with the webinar for retail investors on Thurs as well (not sure if that's live or taped. Likely the latter). I expect the theme they'll hear from everyone, institutional and retail, is 'we want to hear more from you!'. Meantime, I have some intel for Dartron from my weekly Company information pack: says here you're a massive tool. Don't shoot the messenger.
TradeWizard, in case you and anyone else are interested, the webinar you posted will be held at the end of several days of in-person meetings Moti and the team will hold (Tues and Wed I believe) with institutional investors/hedge funds, with both existing shareholders and a bunch of potential ones as well. My intel is that the group's schedule is completely full. The webinar will then come on Thursday for retail investors and act as a bit of a anchor leg of 3 days of investor presentations. The level of interest in BATM among professional investors is definitely growing and much of the credit has to be lain at the feet of our new CEO.
Agicore - I'm surprised you're asking no2 as it was answered a long time ago. The company has made it clear multiple times in the last 20 months that they stopped the buyback early on as the board decided to marshall their cash to invest in the sales and marketing effort in Edgility and then to support a genuine strategy of acquisitions in key areas identified for growth (of course aided by some strategic disposals as well), both of which have become cornerstones of the Moti era. Until the Company makes a major disposal perhaps, I don't think we'll see a re-engagement of the buyback for a while. As for no1, I'm confident that any increase in share or option awards is a direct result from the big changes in the executive ranks; ie., the promotion of Moti to CEO and Ran Noy to CFO. Very likely a one-off
Hey, Louis. I just got an advanced copy of Oilman Jim's post for this coming Sunday (btw, you lied. It wasn't free. I had to sell a piece of my soul, half my logical reasoning ability, and most of my dignity. On second thought, those things are probably worthless to you, so I get it). He explains how he gets credulous, shameless sycophants to promote his blog. You should make sure to catch it. Oh, and JFK Jr is apparently alive and will emerge as Donald Trump's running mate. Go figure
Let's see.....you've got the most consequential and most widely flagged independent expert's report in the Company's history promised by month-end, and some random social media cretin with 3 followers who has demonstrated he doesn't know the difference between East Texas and Alaska when it comes to this company, 'predicts' that the 'ramp is coming'. And then you direct people to that 'prediction' as evidence... of what exactly? His insight? Yeah, he's a regular Nostradamus alright. And I guess that makes you his fluffer. What a maroon....