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  2. Share Prices
  3. Batm Advanced Share Price
  4. Batm Advanced Share Regulatory News
  5. Trading Statement

Pin to quick picksBatm Advanced Regulatory News (BVC)

Batm Advanced Information

Share Price Information for Batm Advanced (BVC)

Share Price is delayed by 15 minutes
Get Live Data
12.60    -0.05 (-0.40%)
Bid:
12.60
Ask:
12.95
Spread: 0.35 (2.778%)
Market Cap: £42.85m
BVC Live PriceLast checked at - London Stock Exchange

Intraday Batm Advanced Share Chart

Trading Statement

12 Dec 2011 14:45

RNS Number : 8036T
BATM Advanced Communications Ld
12 December 2011
 



12 December 2011

 

BATM Advanced Communications Limited

Trading Update

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory equipment, provides an update on trading for the fourth quarter of 2011. Trading in our Telecoms division, as a result of a recent, faster than anticipated decline in sales of certain legacy products, has been below the expectations indicated in our recent Interim Management Statement. We believe that this is due to general weak market conditions and that others in our peer group are experiencing the same effects.

 

We now expect that revenues and profits for the Company for the year to 31st December 2011 will be below the guidance given in our October announcement. Following this marked recent softening in demand from certain US operators for legacy telecoms products, the Board is undertaking a strategic review of this segment of our Telecoms division and will consider withdrawing from it in 2012. The products affected currently account for approximately 22 per cent. of the Telecoms division's revenues. The focus of the Telecoms division will be on the higher margin, new IP, direct and OEM prospects. We expect this focus to generate growth next year, underpinned by our recent successes in signing new agreements with both the world's largest tier 1 telecoms vendor and also with Motorola.

 

Update on Tel Aviv Listing

 

In order to finalise the steps mentioned above we have asked for approval to delay our listing on the Tel-Aviv Stock Exchange for a few months and we expect a positive response shortly. A further update on the timing of the Tel-Aviv listing will be made in due course.

 

 

- Ends -

 

Enquiries

 

BATM Advanced Communications +972 9866 2525   

Dr Zvi Marom, Chief Executive

Ofer Bar-Ner, CFO

 

Threadneedle Communications 020 7653 9850

Josh Royston / Graham Herring

 

finnCap 020 7220 0500

Marc Young / Brian Patient

 

Shore Capital 020 7408 4090 

Pascal Keane

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTZLLFFFLFXFBD
3456789101112
Date   Source Headline
24th Mar 20099:45 amRNSHolding(s) in Company
17th Mar 20096:30 pmRNSFinal Results - Replacement
17th Mar 20091:49 pmRNSDividend Declaration
17th Mar 20097:00 amRNSFinal Results
5th Feb 20097:00 amRNSNotice of Results
7th Jan 20097:00 amRNSTrading Update
9th Dec 20087:00 amRNSFirst Medical Equipment Order
1st Dec 20084:36 pmRNSPrice Monitoring Extension
3rd Nov 20087:00 amRNSInterim Management Statement
17th Sep 20088:52 amRNSDirector/PDMR Shareholding
27th Aug 20085:26 pmRNSDirector/PDMR Shareholding
27th Aug 20082:02 pmRNSDirector/PDMR Shareholding
26th Aug 20087:00 amRNSInterim Results
20th Aug 200810:42 amRNSResult of EGM
29th Jul 20089:00 amRNSNotice of Results
8th Jul 20087:00 amRNSRecommended Offer
8th Jul 20087:00 amRNSOffer for Vigilant Technology
23rd Jun 20084:03 pmRNSDirector/PDMR Shareholding
16th Jun 20082:54 pmRNSResult of AGM
16th Jun 20087:00 amRNSAGM Statement and Trading Upd
19th May 20087:00 amRNSContract Win
14th May 20087:00 amRNSAnnual Report and Accounts
12th May 20081:16 pmRNSHolding(s) in Company
16th Apr 200811:49 amRNSDirector/PDMR Shareholding
10th Apr 20085:09 pmRNSDirector/PDMR Shareholding
1st Apr 20089:47 amRNSDirector/PDMR Shareholding
1st Apr 20087:00 amRNSInterim Management Statement
4th Mar 20084:16 pmRNSDividend Declaration
21st Feb 20087:00 amRNSFinal Results
3rd Jan 20087:00 amRNSTrading Statement
25th Sep 20075:03 pmRNSDirector/PDMR Shareholding
25th Sep 20077:01 amRNSDirector/PDMR Shareholding
10th Sep 20077:00 amRNSInterim Results
15th Aug 200712:15 pmRNSNotice of Results
30th Jul 200711:25 amRNSResult of AGM
26th Jul 20077:00 amRNSAGM & Trading Update
18th Jun 20071:30 pmBUSThe T-Marc 300 series product family is the first multi-port customer-located demarcation device to provide extensive management and test features for Ethernet, MPLS/VPLS and IP networks. With purpose-built demarcation and service extension capabilities,
14th Jun 20077:01 amRNSHolding(s) in Company
7th Jun 200710:50 amRNSDirector/PDMR Shareholding
1st Jun 20075:13 pmRNSDirector/PDMR Shareholding
31st May 20077:15 pmBUSTelco Systems Signs Agreement with Major Japanese Distributor
21st May 20077:00 amRNSDistribution Agreement
2nd May 20077:00 amRNSContract Win
1st May 20079:29 amRNSHolding(s) in Company
1st May 20079:22 amRNSHolding(s) in Company
16th Apr 200710:51 amRNSHolding(s) in Company
12th Apr 200712:30 pmRNSDirector/PDMR Shareholding
11th Apr 20072:00 pmBUSTelco Systems Total FTTH Solution Now Approved for USDA's Rural Utilities Service
27th Mar 20077:56 amRNSHolding(s) in Company
19th Mar 20073:18 pmRNSHolding(s) in Company
3456789101112

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