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BATM - Significantly higher sales and margins expected for H2

September 2019

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:
  • 47p
BATM’s latest H1 (sales of US$56.2m, operating profit US$1.6m, ebitda US$3.9m) are really only of academic interest given that shiny, new products are in the wings on both sides of its business and set to galvanise future sequential growth. BATM itself says it is “on track for significantly higher revenue in H2 19 along with improved margins.”The Bio-Medical side delivered sales of US$30.2m (+7% constant currency) and an operating profit of US$1.3m versus a loss of US$1.3m primarily due to a capital gain of US$3.2m from the part realisation of Ador.The distribution side currently dominates (81% of sales) and saw good growth in cancer diagnostic tests in Israel and has also received regulatory approval to off ...

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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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