Australian (ASX) Stock Market Forum

EOS - Electro Optic Systems Holdings

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Thanks, @debtfree, just to be clear, I dont know any of those things, they are just my opinions based on years of following the business and reading its reports to market. Hopefully it 🚀 and does well for you in the comp!
 
2024 Yearly Comp Tip - January update.

Bit of news from Stockhead website:

Growing concerns on Artificial Intelligence safety​

Artificial intelligence (AI) is fast becoming one of the most important themes in investment.

While AI has the potential to drive a 4th Industrial Revolution and is creating unprecedented new opportunities for businesses, it introduces new ethical dilemmas and risks.

Bruce Duguid, Head of Stewardship, EOS at Federated Hermes, says the need for ethical AI was highlighted earlier in the year when over 1,000 researchers and executives called for a halt to what they described as a ‘dangerous’ arms race in AI development.

More recently, an inaugural global AI Safety Summit, hosted by the UK at Bletchley Park, sought to address the risks posed by frontier AI.

“The potential risks of AI are well documented and include misinformation, unintended bias, a lack of transparency or explainability, and disruption of the workforce,” said Duguid.

‘The urgency to address these concerns has led to a global, yet fragmented, race towards new regulation – from the EU’s AI Act to China’s Generative AI Regulation.’​

Click to expand...

In 2024, as AI deployment accelerates, Duguid expects the importance of strong AI governance to become more apparent.

“In 2023, companies began to face industrial and legal action over issues ranging from workforce disruption to unintended bias and misinformation. In 2024 this trend is likely to continue, given the increasing number of use cases for AI.

“We expect that, while governments will seek to establish common ground on regulation, regional differences will persist, given conflicting priorities regarding innovation and end-user protection.

“This will make it essential for companies that operate internationally to adhere to high standards of AI ethics, and self-regulate in a manner that can mitigate risk across multiple jurisdictions,” said Duguid.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

** Well looking at the chart not much has happened over the last few weeks. No big sellers are dumping stock at the moment, so that's a plus and price is above the moving averages. Bollinger Bands are getting tighter so maybe a little breakout towards the 1.20 area over the next month just might be a possibility.

eos.PNG
 
Up 8.67% today, and on cue with reports of the lack of drones and anti-drone defense equipment in the Australian military.

Plus, a couple of reports.

  • Business Activity Statement & Appendix 4C - Dec-2023 Qtr

  • Sale of Slinger Counter-Drone Systems (A$15m)
 
I'm using one of my 2024 Yearly Comp Tips for the February Monthly Comp.

A quick look at the weekly chart looks terrific, a nice price rise so far this week with increasing volume. Closing price tonight was the highest it's been for about 6 months, I think I might be in with a big chance this month ;).

wwww feb w.PNG
 
I don’t want to jinx it, but it is looking very promising. SP has steadily increased each trading day.

IMG_3319.jpeg

IMG_3320.jpeg
 
Investor Call Presentation - 31 January 2024 for EOS - Electro Optic Systems Holdings

Q4 Activity Update – Investor Call 31 January 2024
Contents
1. Market Update & Recent Business Wins
2. Q4 & 2023 Cash Flow & Current Debt Profile
3. Conclusion & Scheduled Future Announcements
Appendices – Introduction to EOS ................. Interesting to see what they're working on.

Link to the Announcement:
www.marketindex.com.au

Market Index - ASX Stock Quotes, Charts & Analysis

Complete overview of the ASX share market. Get today's stock quotes, tips, broker consensus and upcoming floats.
www.marketindex.com.au www.marketindex.com.au
 
Geopolitical uncertainty is good for some businesses.

1709078985692.png


EOS 2023 Full Year Audited Results

SUMMARY

Electro Optic Systems Holdings Limited has filed its Preliminary Final Report on Appendix 4E including
the audited Financial Report for the full financial year ended 31 December 2023.

1. RESULTS FOR FULL YEAR ENDED 31 DECEMBER 2023​
​
For Electro Optic Systems Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group” or “EOS”), Revenue from Continuing Operations activities was $219.3m, representing a $81.4m or 59% increase on the prior year (31 December 2022: $137.9m).​
 
Good morning
Hmmm nice gain today. 12 month high, really good to witness the SP over 2 bucksss. 5.79% gain at the minute. Jeepers been a while since that $2 mark had been reached.



1710288186470.png



Holding.

Have a very nice day today.

Kind regards
rcw1
 
rcw1 said:
Good morning
Hmmm nice gain today. 12 month high, really good to witness the SP over 2 bucksss. 5.79% gain at the minute. Jeepers been a while since that $2 mark had been reached.
Click to expand...
Oh dear, it is actually good of you to remind me of this one.
I had it as a breakout at 126 but ignored it because it was EOS. Another breakout at 164 and yes, ignored for the same reason. Now it has broken out at 190 and has my favourite chart pattern.
hhmmm, ""a leopard never changes its spots"??? OK I will act on the breakout assuming the spots have been re-arranged.
 
Country Lad said:
...
I had it as a breakout at 126 but ignored it because it was EOS. Another breakout at 164 and yes, ignored for the same reason. Now it has broken out at 190 and has my favourite chart pattern.
hhmmm, ""a leopard never changes its spots"??? ...
Click to expand...
D I T O bloke .. :)

Kind regards
rcw1
 
JohnDe said:
Geopolitical uncertainty is good for some businesses.

View attachment 171718

EOS 2023 Full Year Audited Results

SUMMARY

Electro Optic Systems Holdings Limited has filed its Preliminary Final Report on Appendix 4E including
the audited Financial Report for the full financial year ended 31 December 2023.

1. RESULTS FOR FULL YEAR ENDED 31 DECEMBER 2023​
​
For Electro Optic Systems Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group” or “EOS”), Revenue from Continuing Operations activities was $219.3m, representing a $81.4m or 59% increase on the prior year (31 December 2022: $137.9m).​
Click to expand...

It's great to see the SP continuing to go up. I just hope it is because the business model is finally coming to fruition, and not because more wars are immanent.

1710829417367.png
 
First of all a bit of news from Stockhead on the 5th March below:

Aerospace company Electro Optic Systems (ASX:EOS) was up after releasing its full year results which included a rise in revenue from the 59% rise in revenue from continuing operations to $219.3m.

Underlying EBITDA from continuing operations showed a positive swing of $48.6 million to a profit of $5.7m from the $42.9m loss reported a year earlier.

EOS says the increase in revenue was driven partly by higher Defence Systems segment revenue, up from $105.9m in 2022 to $155.4m in 2023.

Revenue in the company’s space segment was also up on prior year to $63.9m from $32m, driven by the growth in the EM Solutions business.

Now the next news I've seen from AFR Street Talk below:

Hot defence stock Electro Optic Systems seeks $40m in equity raise.

Electro Optic Systems is capitalizing on a massive run-up in its share price, with the ASX-listed defence and communications outfit tapping Bell Potter and Canaccord Genuity to launch an equity raise.
 
debtfree said:
First of all a bit of news from Stockhead on the 5th March below:

Aerospace company Electro Optic Systems (ASX:EOS) was up after releasing its full year results which included a rise in revenue from the 59% rise in revenue from continuing operations to $219.3m.

Underlying EBITDA from continuing operations showed a positive swing of $48.6 million to a profit of $5.7m from the $42.9m loss reported a year earlier.

EOS says the increase in revenue was driven partly by higher Defence Systems segment revenue, up from $105.9m in 2022 to $155.4m in 2023.

Revenue in the company’s space segment was also up on prior year to $63.9m from $32m, driven by the growth in the EM Solutions business.

Now the next news I've seen from AFR Street Talk below:

Hot defence stock Electro Optic Systems seeks $40m in equity raise.

Electro Optic Systems is capitalizing on a massive run-up in its share price, with the ASX-listed defence and communications outfit tapping Bell Potter and Canaccord Genuity to launch an equity raise.
Click to expand...

Capital raises in the current climate worry me, because it can dilute the value of the SP if demand is not increased. Investors are looking for quality and stability, that usually means that money goes to well established large companies.

Watching closely.
 
galumay said:
You were spot on @debtfree! Back with their hands in Shareholder's pockets again. I reckon thats about 8 years straight of diluting holders with cap raises. Still loss making.
Click to expand...
Hopefully the price is not reduced by too much, looking at the chart with a bit of luck $1.80-$1.90 :rolleyes::rolleyes:
I know you were watching and waiting for it to happen and you were right, thanks @galumay :xyxthumbs ...... looks a bit of a battle now to the end of the year, fingers crossed.
 

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