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Shore capital have made a very upbeat report on the company Don’t have all the details but it’s apparently positive. They cite good progress to commercialize IP plus what we know already a strong bank balance to complete their objectives
What I mentioned regarding Govt Cyber contracts was discussed by the company quite some time ago as part of their disposals. Timeframe back then was in 2 or 3 years so could be anytime. They also do not want to maintain the medical distributions business. Both divisions are profitable. Based on what we understand the revenue from these 2 sources to be then Cyber would be 50M + and Distribution 30M + thats extremely conservative.
BATM plan to sell the cyber division the large Government side of that and retain parts that are associated with commercial and bundled suites. They also plan to sell the distribution side in the medical division.
Conservative valuations of these two arms plus what the company has in cash is probably worth more than the entire company current valuation. BATM SP is valued from sales not value of its IP.
AGM shortly, whilst it's not a venue for news per se it's possible we could get some comments on Edgility uptake which has become the main focus recently. They have been involved with all of this for longer than any of their competitors P2P to NVTime to Edgility Suite. They need to press the advantage to gain a decent market share and the pie has somewhat grown.
Https://www.edgeir.com/telco-systems-edgility-awarded-product-of-the-year-2023-by-msp-today-20230605
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.
>Mary...... it's most definitely getting attention. AI is a set of data hungry algorithms, reducing latency is essential. You need a decent broad band connection then re define where the processing happens, triage effect. Many applications like virtual try ons suddenly impress. Market is obsessed with AI so I agree they should highlight Edgility is an essential especially with the cyber bundling at the core.
BATM recently expanded and updated facilities in Rome and Israel to handle increased demand in the diagnostics division. The company expects to see double digit growth in all divisions for 2023. We are staring a potentially serious recession in the face so its better to be holding companies with a sizeable cash balance like BATM.
Cemex is a very large company present in 50 Countries with 50 Cement plants turning out some 90 million tons of concrete annually. Revenue of >15Bn with assets double that figure.
Its one of the top 6 largest cement companies in the world and thats including China FFS.
Apparently according to earlier comments from BATM they are in discussions with other companies in the field. To have this completed earlier than planned and already in use in a couple of Cemex plants is a pretty decent endorsement.
Nutmeg "we" are embarrassed for you. Cemex was the first commercial client for Edgility and it is an apparent success.
This is probably some of the first revenue any company has seen from Edge solutions.
It's a new platform thats getting adopted for new age comms to deal with the latency restrictions caused by inefficient data routing and cyber concerns. I would not call this a waste of space ....
https://uk.advfn.com/stock-market/london/batm-advanced-communicat-BVC/share-news/BATM-Advanced-Communications-Ld-Edgility-rollout-p/90773207
Some very real progress here and from the looks of it substantially ahead of schedule and more encompassing. Markets do not understand this technology yet but they will !
I have to agree with Agricore comments. Investors IMO do not understand whats at play here. BATM have made solid progress which is not reflected in the SP. If this was a start up the price would be a lot higher but because they are an established company they are valued on Sales. The backdrop for them has been tough and Israeli Tech companies hardly flavour of the month. Unloved and undervalued.
Telco systems don't have a monopoly on Edge Computing. There are numerous companies some established trying to catch up a host more start ups. This is actually late 90's technology. Telco recognized this in the early years with NFVTime. Hardware developments and advanced software have advanced the science. It's all about reducing latency. At the cutting edge this will allow autonomous and advanced AI initiatives. One step down and it will empower manufacturers and retail. Let's not forget the integration of cyber security into all of this.
What I do not feel the market is understanding about this company is that it transitioned to different technologies. The company still sells Telco hardware but its focus is now on Edgility and enabled devices. Medical is moving to a highly advanced molecular diagnostics and AI platform they do however still sell a lot of other stuff ie Reagents.
The company makes money on existing lines of business but its main growth will come from these new areas. Cyber has been profitable for quite some time and the same technology they use to supply large Govt contracts is being made available commercially another new growth area. Celitron also an interesting play in another high growth area.
https://twitter.com/hashtag/MedlabMiddleEast?src=hashtag_click