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BATM - Moves into profit

October 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BVC
  • Price:
  • 28p
In our last full write up of BATM last October, we suggested that the company would need sales of US$13m per quarter to achieve breakeven. That figure has proved accurate with the company reporting its first profitable half since 2000 based on sales of US$26.2m. Sales to 30 June were up 34% on the comparable H1 last year, largely helped by burgeoning demand for VoIP products and its OEM reseller agreement with Nokia and Alcatel. Overall, BATM reported these segments of sales were up 300% - but this looks only the start.Pretax profit was US$0.8m equating to eps of 0.2 cents. Excluding interest, the operating profit was just US$0.1m which might not appear particularly interesting but BATM is now at a very exciting stage given its re ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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