Member Info for stock_sensei

Kenwrong, I agree. If investors look at the fundamentals most will see this as a buying opportunity. BATM's earnings are often seen to outperform expectations as they continue to grow massively. $12.26 million profit after tax, up from $4.3 million the year before. The 7% increase today was just the start. BATM earnings come out on the 9th of March, and I see no reason why revenue will not of grown exponentially as it has done in prior years. If revenue beats expectations, we could see a generous pop in price.

However I disagree with your last statement. You can beat the shorters. In fact those very same shorters at Ennismore got beat last year and ended up getting massively burned, loosing millions in the process. They have used this spurious report to gain some momentum in their shorting position from novice investors. Clearly they are not confident with the fundamentals otherwise this would not be the case. In my opinion it seems crazy to short a stock with excellent fundamentals and growing earnings. In the long-run BATM will come out a lot stronger. The truth always comes out.

Darton, I think you summed it up perfectly. Looking at the past month on the charts makes it seem a lot worse than it actually is. But this has its upsides as it means a bounce back in share price is likely in the short term. As most know the buy back would result in fewer shares in circulation and you don't need to be a genius to know that less supply and the same (if not more demand) results in a higher price. Basic economics.

Bluerill,

Couldn't agree more. The blogger shows distinct lack of knowledge of accounting and audit standards and principles throughout the report. A biased report to serve the purpose of short position. Clearly Ennismore haven't learned from their last short position where they got burnt and lost millions. I guess they thought that they could attract the attention of novice investors and scare them into selling. Personally I find it hilarious that Ennismore have resorted to funding a blogger to support their investment decisions.

Recent updates on BATM:
- Strong balance sheet ($12.26 million profit after tax, up from $4.3 million the year before)
- Diversification (BATM’s portfolio includes a mix of established and novel technologies, and targets a range of sub-segments, customer types and geographical markets)
- Return to shareholders (Reinstated dividend policy from FY 2020)

The fundamentals of this tech company illustrate that the intrinsic value of BATM is much higher than the share price. Potential money to be made on this arbitrage in price. Would love to hear more of everyone's opinion on this confusing market valuation.

Another classic short selling campaign from selfish hedge funds with greedy intentions, laughable if you ask me. Do I even have to mention that false information is the first thing regulators look for in terms of manipulating the market. Novice investors who fail to do their research will jump on this so called 'opportunity' before verifying the credibility of the source. I myself am not invested in BATM however see this as a potential 'buy the dip' moment as Goldman Sachs stated in their most recent podcast.