EOS 3.17% $1.22 electro optic systems holdings limited

"Down 53% YTD ... a company that is an absolute dogs breakfast"...

  1. 4,833 Posts.
    lightbulb Created with Sketch. 2367
    "Down 53% YTD ... a company that is an absolute dogs breakfast" – it's invalid to make such a direct connection between the way the company is run and the company's share price. It is not the management's job to set or move the share price. That is up to the market. The market will make the judgement based on many factors; some of which are related to how well the business is managed, others which have nothing to do with the running of the business. If the market decides that the near term return on capital is unlikely to justify holding the shares then the market will sell and push the share price down. But the reason for the poor return on capital may be because the company has decided to channel available funds and capital into developing a strategic asset with a four-year return horizon. Anybody who thinks they can earn better on other stocks within four years will bail, regardless of how fabulous the strategic plan is.

    So you're down 53%. You don't like it. I get that. But you're letting your emotional state over your investment decisions drive you into transferring that judgement across to the running of the business. EOS has made no secret of the fact that Spacelink will soak up any and all available free cash. You continued to hold. That's not Dr Greene's fault or his problem.

 
watchlist Created with Sketch. Add EOS (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
-0.040(3.17%)
Mkt cap ! $235.4M
Open High Low Value Volume
$1.26 $1.26 $1.20 $1.182M 972.7K

Buyers (Bids)

No. Vol. Price($)
1 450 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.23 5229 2
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
$1.22
  Change
-0.040 ( 3.96 %)
Open High Low Volume
$1.25 $1.25 $1.20 47230
Last updated 15.59pm 17/06/2024 ?
EOS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.