On the fundamental side, including yesterday's news, this bit from Citi:
EOS - ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED
Citi rates EOS as Buy (1) - The company has withdrawn 2020 earnings (EBIT) guidance which, as Citi notes, highlights the uncertainty surrounding the timing of RWS deliveries to foreign customers because of the pandemic.
While the Australian Defence Force contract for 251 RWS has commenced this has not offset the headwinds such as freight bottlenecks and the adverse impact of a stronger Australian dollar.
The withdrawal of guidance was not surprising and the broker still maintains a Buy/High Risk rating given the exposure to high growth sectors. Target is reduced to $7.75 from $7.80.
Target price is $7.75 Current Price is $5.90 Difference: $1.85 If EOS meets the Citi target it will return approximately 31% (excluding dividends, fees and charges). The company's fiscal year ends in December.
I do believe this reinforces BTFD, for newbies and some holders. Put that in relation to cambam's modest prediction, and springboard it is!
OV
Ann: Update to FY2020 Profit Guidance, page-43
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$1.59 |
Change
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Mkt cap ! $305.8M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.64 | $1.58 | $566.0K | 352.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2561 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 2241 | 1 |
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