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EOS - Electro Optic Systems Holdings

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Fred Bart. Phil Bart, brother. Phil Bart and Stan Howard, Directors National Textiles. Stan Howard. John Howard (ex-PM), brother.
 
Belli said:
Fred Bart. Phil Bart, brother. Phil Bart and Stan Howard, Directors National Textiles. Stan Howard. John Howard (ex-PM), brother.
Click to expand...
Thanks folks. Interesting references you mentioned.
On the company profile of EOS the directors are ex military and got excited initially. But now will step back twice. Any one related to the con man who deprived country with a fake Tampa crisis and deprived Peter Costello just for his own gain, is a NO ENTRY. I am not a fan of any party. But against any unethical practice even if the person could be a PM.
Thanks again .
 
...not to mention the ethics issues with investing in a business which designs big things to kill people!
 
@galumay
100% agreed. Your slap on my face on the notion of ethics is well earned. You opened my eyes. Can not thank enough for stopping me being seen as a hypocritical.
Good comment and many thanks.
 
And yet apart from the military aspect it also provides measuring systems for astronomical and space research so it all depends on viewpoints.

Unfortunately science and military are closely intertwined and have been for centuries.

Lovely bronze cooking pot you have there. Can you make a spear out of it?

The dependency on each other was reinforced for me with "Accessory to War" by Neil deGrasse Tyson and Avis Lang.
 
Belli said:
And yet apart from the military aspect it also provides measuring systems for astronomical and space research so it all depends on viewpoints.
Click to expand...

Not really, its a pretty weak argument to justify something bad by saying there is also a good side to it. Without invoking Godwin's Law, I can think of some really obvious examples to show how bad that line of thinking is!!

I think its simply a question of ethics, and whether that influences you as an investor. For me its unethical to design and build things intended to kill people, and I choose not to invest in businesses that profit from killing. It wouldn't matter what other positive things they did, I just wouldn't be invested.

Others wont have an issue with it, or override their personal ethics when it comes to investing.
 
That wasn't the point of my post but if you wish to read it that way go for it if it suits you.
 
I read it as you wrote it, if your point was something else then my telepathy let me down!
 
OK time to post a chart of EOS as the price is going into outer space. Today's latest news is that EOS has officially started another division, Space Communications using lasers. They claim their technology overcomes the atmospheric distortion of the laser beam and can do it with less power. Pretty significant development if it's true.

 
Anndd ... welcome to 2020, where we all enjoy getting hit-on-the-head lessons:

Having reached the dizzy heights of $10.00 +, EOS vicariously caught COVID-19, and as of last close (Friday 13th) was at $4.70, courtesy of the late afternoon rally across the ASX. Intra-day low point was $4.11, eewww.
But its fundamentals look strong: its balance sheet is good, revenue forecasts remain bullish, outer-space is surely destined to be a rapidly escalting theatre of operations both civil and - shall we say - uncivil, for as long as civilization as we know it lasts.
So it's my pick for the post-recovery front-runners. Whenever the recovery is.
Regards,
P
 
EOS been up and down since last - SP recovered to $6.00+, until the company announced a share issue of $4.75 to institutions to raise something like $130 mill. The announcement made reference to slow-down in delivery and receipts because of COVID-19.
https://www.asx.com.au/asxpdf/20200415/pdf/44gypx4jc7k7mz.pdf
... and the SP sank, below the insto's issue price: closed today at $4.17. Awkward.

So Electro Optic's return to the heady days of $10+ may be some time off.
Unless they close a big deal to revive interest?
 
Been following this too. Very surprised at the immediate wrecking of the placement and SPP support line of $4.75

Counting on a likely Australian defence contract near term on quick payment terms to help cashflow.

In its NTA Report for March, published April 14, Clime Asset Management (CAM) maintained its conviction in EOS and had this to say:

"Defence and Space technologies developer Electro Optic Systems (EOS)
was also unfairly caught in the sell-off, in our view, with shares falling
from over $10.00 in February to a low of $3.00 in March. EOS contracts to
allied governments globally and as such we believe demand will be largely
unaffected by the economic downturn.

With cash of $78m, no debt, and a contract pipeline for its Defence
products of $3bn, EOS is well placed over the medium term. At $3.00 per
share, the enterprise was trading at less than 10x EBIT, a remarkably cheap
price for a company forecast to grow earnings at 45%+ in the coming
years.

The long term opportunity in EOS is potentially immense. Presently, the
Defence segment drives the company’s financial results. In the future
we think the Space and Communications segments may be the primary
earnings drivers. These divisions were available as free options during
March."
 
This seems rare - looks like the SPP offers a better deal to retail holders than the placement to institutions at $4.75.
A better deal in terms of price anyway (option (b) where the price will be derived from the recent share price performance - obviously lower so far than $4.75). That suggest to me that the strange rapid selling below 4.75 could be explained by prior knowledge of the terms in this announcement?

Today's SPP terms announcement:

"The SPP will give all Eligible Shareholders an opportunity to apply for up to A$30,000 worth of new Shares at an issue price per Share [which is the lower of: (a) $4.75, being the Placement Price; and (b) the price (rounded down to the nearest cent) which is equal to the volume weighted average price (VWAP) of EOS Shares traded on ASX over the 5 trading days up to, and including, the date that the Offer closes"
 
Put a bid in for 1,000 units @ 4.01
Edit: boom filled straightaway, price now 3.99
Will try to make any more a chart based buy.
 
Be careful, the Barts have a history of separating retail investors from their capital.
 
^^^
Ruh-roh,
Stockhead Sept 2017
https://stockhead.com.au/tech/this-500-million-dollar-asx-listed-company-has-no-product/

"...The leader of the expedition, Fred Bart, is a man for which the term “colourful business history” was coined.

The former professional poker player has been involved with at least six corporate collapses and has fingers in three pies right now: an Israeli cancer R&D company, a tech company that deals with space trash, and Audio Pixels, of which his wife Cheryl Bart is a director.

Mr Bart told Stockhead he has interests in more than 30 others."
 
One Bart I can live with. Looking at the execs and directors, both here and in the USA, their credentials don't mark them as a bunch of chumps.

BTW, characterising Electro Optic as "a tech company that deals with space trash" doesn't sound like stockhead has had a very close look at this company.

Regards,
P
 
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