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Hopefully we will see the end of the Lebanon war later today, with the truce. Followed by a deal with Hamas in the next few weeks, or what is left of it.

Globes business always a good source of Israeli deals

Celare now a complete outlier. As cyber business valuations soar all around. Israeli cybersecurity company Cyera has announced the completion of a $300 million Series D financing round at a company valuation of $3 billion. The round was led by Accel and Sapphire Ventures, with additional participation from Sequoia, Redpoint, Coatue, and Georgian. This company was formed once again by ex IDF cyber technicians, with the Israeli Govt (IDF) one of their customers.

The EU Commission announced it is investing 865 million euros ($935M USD) in digital infrastructure to enhance connectivity for citizens and companies by 2027. The funding will focus on expanding 5G networks, modernizing backbone networks, and reducing energy consumption. The EU also wants to use the pot to finance the integration of cloud and edge computing capacities in sectors such as healthcare, manufacturing, transport and logistics.

The Tase35 and 125 though seem unaffected though. Market awaiting, with growing impatience, for BATM to demonstrate progress in key sectors (with contract wins) is probably the cause of the low valuation.

I don't think the argument that investors wont touch Israeli stocks is valid. There might have been some reluctance shortly after the events of last year, but confidence has returned in spades. SP stagnation is to do with how BATM is structured and news of significant market traction for edge and cyber.

Yes Datron, it is true about the 7-8% SP rise just to stand still. Sentiment needs to change on both indexes. I hope my loyalty isn’t misguided but feel the rise up will come soon and easily mitigate the stagnation in investment value we have all experienced for several years.

We're all aware that BATM has been undervalued for a long time, but now with the TASE index challenging all-time highs the share is looking a complete outlier in terms of pricing and value.

Saw this from last year where BT Edge Compute and AWS hooked up. Not AWS Greengrass like Edgility. But includes an estimate of what the tie up might do for BT. They like Edgility operate in key verticals.

BT Group has expanded its partnership with Amazon Web Services (AWS) in a new deal which, it hopes, will open up the door to a potential $500m in revenue from connectivity and digital solutions, including internet of things (IoT) and 5G edge computing.

As part of the agreement, BT’s Digital Unit and AWS will look to lure customers from “a variety of vertical industries” with new jointly developed IoT industry solutions, which will blend AWS services and BT’s know-how in network and service delivery. The new offerings will target BT’s customers in the UK and elsewhere around the world. The UK operator’s IoT platform is already built on AWS and provides connected device offerings in areas such as healthcare, ports, manufacturing, transport and logistics.

Simon Thompson used to be a champion of BATM until last year when he became concerned about missed targets. Though in this article it is still a HOLD, he seems far more positive about the future direction. On target full year figures will surely make his next article a BUY once more. However by then we will probably see a sustained SP uplift anyway.

From Prof Peretz' LinkedIn feed. He has collaborated with ADOR before.

Israel Innovation Authority רשות החדשנות has awarded a 1.5 million NIS (£315K) grant to Prof. Avi Peretz and ADOR Diagnostics for their work on developing a fast molecular test for detecting Helicobacter Pylori.

Prof. Peretz said, "This isn't just a new test—it's a paradigm shift in personalized medicine. With this rapid test, we can not only reduce the number of tests a patient needs but also provide information that was previously beyond our reach."

Dr. Eran Zahavy, CEO of ADOR added: "This research marks a major milestone for ADOR. We've launched NATLAB, a unique syndromic POC molecular identification system that detects viruses, bacteria, fungi and more, using isothermal amplification technology. We are excited about this achievement, and about the collaboration with TZMC for this important goal, especially during these times"

Stuart I'm in a very similar position to you but don't think that sort of stitch up will happen. I am also concerned about the lack of market reaction to positive news, but think it is only a matter of time before the share price 'breaks' upwards. I have had my money tied up for a number of years, but honestly think we will be rewarded within the next 12-months. If I had the option to buy in at todays price I wouldn't hesitate.

Could be but on your list they show 2022 revenues and we are talking 2023. For many of these groups turnover has risen rapidly in the last couple of years.

CityAM: describes the partner as 'mysterious'

BATM: Tech firm partners with mystery defence group to target global markets

:Tech firm BATM Advanced Communications has entered a partnership with a mystery technology and defence group in a move the company says will allow it to sell its advanced cybersecurity solution to global commercial markets.

London-listed BATM said its new partner – which hasn’t yet been named – generated revenue of over $10bn (£7.8bn) in 2023 and serves customers in more than 100 countries, with operations spanning Asia, Europe, the Middle East and the U.S.

In a move that “will kick off the transition to the next generation of cryptography” according to the White House deputy national security adviser Anne Neuberger, the US gov is looking to establish a standard for protecting against quantum threats. BATM's industry-leading encryption tools can help protect against this new category of threat. White House will mandate quantum encryption protection are all government agencies from July 2024. As Celare is not known in the US perhaps Telco can be the sales agents on this one, as a US based and approved company to deal with Government contracts?

Tase closed yesterday and today so if there is news probably wont be till next week.

From a recent Times article:

Despite the ongoing war with the Hamas terror group, Israel’s cybersecurity industry is bucking some of the downward trend in the tech sector amid a surge in hacking attacks and threats from Iran and Hezbollah.

In the first three months of 2024, the volume of mergers and acquisitions in Israel’s cyber sector generated $985 million across eight deals. During the same period, local cyber startups nabbed $620 million in capital from investors, accounting for 38% of the total funding raised by the tech sector, according to a report by Cybertech Global and IVC, released on Sunday ahead of a global cyber conference in Tel Aviv kicking off this week.

That’s after 2023, a year of political uncertainty and the breakout of the war in Gaza, M&A amounts of Israeli cyber deals added up to $7.1 billion – a record high — out of a total of $10 billion in the local tech industry, according to the data presented in the report. However, the number of exits of Israeli cyber firms dropped by 35%, from 37 deals in 2021 to 24 in 2023.

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07:10

“The trend of increased mergers and acquisitions in Israeli cyber, which began last year, continues into 2024, as global cyber threats grow year by year,” said Cybertech founder Amir Rapaport. “In contrast to other sectors, geopolitical tensions increase interest and investment in cyber companies.”

“Therefore, we expect to see more investments in Israeli cyber companies and new startups that address emerging threats,”

Looks like talks in Cairo are progressing well. Lets hope a permanent ceasefire is announced next week. This will certainly boost sentiment and will remove downward pressure.

Very good point. It seems with the recent re-contracting of Cemex one of their 1st Edgility customers and now this new deal you would think the market would react more positively. I would still bet when the market does wake up there will be a violent upward share price movement. What and when will be the tipping point is the question.