BATM ‘s add-on cyber contract win is very encouraging, both in terms of the client’s needs and confidence and in what is signalled for future development, according to Shore Cap.
Cyber was recently identified as a focus stream of development for BATM at its June capital markets event.
“We expect to see a step up in revenue in this area in H2 and acceleration in future years.
“Asset allocation, with business strategy, is firmly focused on growth investment.
“We expect positive news flow to continue. With commercialisation, positive operating leverage to reported results should be expected in due course – leading to an increasingly attractive fundamental valuation. “