EOS - Electro Optic Systems Holdings

[galumay]

LOL! More acting than the Oscars! 'Acting, Acting CFO'

 

[rcw1]

LOL! More acting than the Oscars! 'Acting, Acting CFO'

View attachment 144273

Appointment of Dr Andreas Schwer as Chief Executive Officer effective 1 August 2022.

Kind regards
rcw1

 

[galumay]

Its like a game of musical chairs in reverse.

 

[rcw1]

Good morning
Hoping everybody having a good day

EOS announcement- EOS enters into New Financing Facilities & continues development of Strategic Growth Options.

Market likes it 18% gain at the minute.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02581575-37K1ERTJCC8LIEPFQAP3KONCVF/pdf?access_token=0007QnrtUMi5jiJaur0MgsYqyAZQ

rcw1 had a history with this stock. Favourable and unfavourable. Got stuck with a parcel of
shares - which owes rcw1 plenty. Thought long and hard … left in the top drawer. See what happens, shoulda offloaded long ago, sentimentality not rcw1 strong suit and yet
tear away stop loss situation ignored. … … Mistake yes not smart.

Anyways, funnily enough well shrewd maybe or silly ?; captured another parcel of EOS at rock bottom price, walking that tight rope, will sell soon today at good profit. Silly number of buyers hanging around… at the moment. rcw1 watching this one ever so closely.

Kindly conduct your own due diligence.

Kind regards
rcw1

 

[Dona Ferentes]

EOS announces that its Defence Systems business has secured a contract with SpetsTechnoExport, a Ukrainian state-owned foreign trade enterprise, to supply up to one hundred EOS heavy RWS units to Ukraine, including spares and related services. The contract, valued at up to US$80m (approximately A$120m), envisages supply during 2023 and 2024.

The contract is conditional on demonstration testing over the coming weeks, and subject to other customary terms for military contracts. Consistent with typical wartime contract arrangements, the contract is also subject to conditional early termination rights in favour of STE.

In performing this contract, EOS will draw upon a support network and supply chain consisting of over one hundred suppliers located across Australia, and others internationally.

- from 45c to 68c yesterday, settling in mid 50s today.

Contract is bigger than current market cap (of under $80 mill). That word Conditional probably holding things back.

 

[Dona Ferentes]

Ukraine Buys 100 Remote Weapon Systems From Australia

Ukraine is set to receive 100 Remote Weapon Systems from Australia as part of a direct military sale worth $80.3 million.

www.thedefensepost.com

 

[Dona Ferentes]

Contract is bigger than current market cap (of under $80 mill). That word Conditional probably holding things back.

and pulled a second one today .... secured a second conditional contract to supply Remote Weapon Systems to Ukraine, valued at up to US$41m (approximately A$61m).

Second Conditional Contract with Ukraine
The Defence Systems business has secured a conditional contract to supply up to fifty EOS RWS units to Ukraine, including ammunition, spares and related services. The contract, valued at up to US$41m (approximately A$61m), envisages supply during 2023 and 2024.

The contract is with a Ukrainian company, is conditional on demonstration testing over the coming weeks, and is subject to other customary terms for military contracts. Consistent with typical wartime contract arrangements, the contract is also subject to conditional early termination rights in favour of the customer.

This contract is in addition to the previously announced contract for up to one hundred EOS RWS units, valued at up to US$80m (approximately A$120m) announced on 3 April 2023.

In performing this contract, EOS will draw upon a support network and supply chain consisting of over one hundred suppliers located across Australia, and others internationally.

 

[debtfree]

The contract is with a Ukrainian company, is conditional on demonstration testing over the coming weeks,

They must have been happy with the tests if that's what I seen on TV last night, as there is movement in the share price and volume this week .

 

[Dona Ferentes]

Hmm

EOS launches new "Slinger" Counter-Drone Capability | EOS - Electro Optic Systems

EOS launched its Australian made counter-drone capability, named the “Slinger”, at its manufacturing facility

www.eos-aus.com

seems cumbersome = a target.

 

[rcw1]

Good evening
Some announcement activity today coinciding with AGM day. Attached the CEO and Chairs Presentations. Makes for an okay read.
SP gained 5.78% today (23/05/23). Did reach $0.97. Hadn't been as high for long time. Thought it might hit the tonne... Wasn't to be.

Holding.

Have a very nice night.

Kind regards
rcw1

 

[JohnDe]

Another sale, with some cloak and dagger secrecy "EOS secured a contract to supply Remote Weapon Systems (“RWS”), valued at approximately A$51m, to a Western European Government"

Electro Optic Systems Holdings (“EOS” or the “Company”) announces today that it has secured a contract to supply Remote Weapon Systems (“RWS”), valued at approximately A$51m, to a Western European Government.

Contract to Supply Western European Government EOS announces today that its Defence Systems business has secured a contract to supply RWS units to a Western European Government, including spares, training and related services. The contract, valued at approximately EUR 32m (approximately A$51m), envisages supply during 2023 in accordance with agreed milestones and other customary terms, including customer rights to terminate the contract for force majeure or non performance.

The contract is subject to approval by the Australian government. In performing this contract, EOS will draw upon a support network and supply chain consisting of over one hundred suppliers located across Australia, and others internationally. EOS Remote Weapon System (“RWS”)

The EOS RWS product portfolio is designed to provide the highest firepower for lowest weight, delivering superior accuracy and reliability compared to competitor systems. Over 2,500 units have been sold and are currently in use with several military services in Australia, North America, Europe and South-East Asia.

 

[rcw1]

Good afternoon

SP up 7.43% at the minute.
Nice announcement, see attached.

Not Holding.

Have a very nice weekend.

Kind regards
rcw1

 

[Purple XS2]

It could be that Aussie defence stocks are back to being flavour of the month, or perhaps there are more substantial reasons as yet undisclosed, but EOS has hit a 12-month high over the last few days:
Closed at $1.09,
Volume a slight uptick from being generally quiet, but I wouldn't call it busy ...
... yet.

Discl: I don't hold, though I have at time in the past. Thinking about it

 

[Country Lad]

From the ABC:

"On a remote weapons range in far western New South Wales, technicians test-fire a lethal but invisible laser to bring down an unmanned aerial vehicle, or drone, in what's believed to be the first demonstration of its kind on Australian soil.

"Lasers offer a lot of advantages; they're very good at hitting high-speed targets," explains executive vice-president for EOS Defence Systems Matt Jones."

https://www.abc.net.au/news/2023-09...mc&utm_term=&utm_id=2195709&sfmc_id=360951197

 

[Dona Ferentes]

An order of magnitude in play?
.
"Slinger's price tag is less than $1.55 million per system. It aims to take down drones at a cost of between $155 and $1,550 per engagement...."

.

Australian 'drone killer' system heading for Ukraine

In the back lot of an industrial site in Canberra, engineers are producing a response to the growing drone threat in Ukraine. It is called Slinger — and it is designed to counter drones at a cost that countries like Ukraine can afford.

www.abc.net.au

 

[Dona Ferentes]

so, who's gonna win this one?
.
Electro Optic Systems Holdings is in Commercial Dispute with its lender, Washington H. Soul Pattinson .

EOS announces today that after close of business on Friday 6 October 2023 it received a demand for payment of a $4.5 million fee within 7 days, from its primary lender WHSP.

EOS is seeking to meet with WHSP to discuss the matter, and believes this represents a commercial dispute with WHSP. EOS is seeking legal advice on the validity of the demandand intends to vigorously defend its position, noting that it has adequate funding to pay this fee if required.

 

[galumay]

Oh, what a surprise! Not.

 

[debtfree]

EOS is one of my selections in the 2024 CY Comp. All my selections are made from a scan and flicking through charts.

I know I might be jumping the gun here as EOS as it has just gone sideways for the last 5 months but it did show some promise from April to July, moving from 0.455 up to a high of 1.29.
Last week I noticed price did tick up again finishing on a 2 month high but on low volume, so the big boys were not jumping on board, at the moment.
At least the moving averages are not dropping down and price is now just above them. So there might be a bit of hope for this one yet.

**** In regards to @Dona Ferentes post above .............. EOS Resolves Dispute With Lender WHSP notice is below ****

**** Since then ( 27th December 2023 ) EOS secures $25m RWS order for Western European Customer ****

 

[galumay]

I think its mostly a fraud, but there is a small part of it which has some value, and I suspect thats what WHSP is interested in getting control of. So it might catch a bid and have a bit of a run, you might get lucky! The risk is it cant refinance the massive debt and gets wound up.

 

[debtfree]

I think its mostly a fraud, but there is a small part of it which has some value, and I suspect thats what WHSP is interested in getting control of. So it might catch a bid and have a bit of a run, you might get lucky! The risk is it cant refinance the massive debt and gets wound up.

Good to know and good to be aware of things that we miss or don't know @galumay , thanks for looking out for us, much appreciated.