"...and the disposal of a non-core, square peg in a round hole "division" of the company now makes it an attractive bolt-on to a top tier defence manufacturer for chump change."
Without that "square peg in a round hole" that you described as non-core, it's likely that EOS would no longer be listed. Therefore, EM Solutions was indeed a core structure of the business that provided geographical diversity. Cohort PLC are pretty happy with their new foothold in the Asia-Pacific region. It's space that's a complete drag with no profitability to show for decades of investment. However, according to EOS, their CEO wants you to believe in a profitable space warfare business. Bit like spacelink in a perverted kind of way.
The Market appears to not be convinced. But you know better than the market, right?
I love the way EOS chose to sign off on their reports prior to selling off EM Solutions:
"EM Solutions delivers world-leading RF and optical space communications technology. Its core product range centres around the development and production of high-end, broadband radio transceivers for satellite communications as well as satellite communications-on-the-move terminals for defence and government customers."
Better to sell-off EM Solutions than go to market again and beg for money knowing full well, that they'd already done their dash.
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