See the quote from the latest Cannacord report from 27/8/24
Valuation and view - EOS has executed an impressive turnaround over the previous 18 months, which has rebased and recapitalised the business for growth.
At its current EV of $280m, EOS trades on 0.5x EV/Orderbook, relative to defense peers trading of >1x.
EOS is: - in the right spot - no country has invested in drone defence yet. Ukraine war and Yemen attacks on read sea are drone wars. Expect high growth in this defence segment. In Europe, you read every day about drone attacks... - Perfect product - Slinger is the best-in-class product. - Best management - the company's new management comes from Rheinmetall, top German defence company - Proven track record—The management has proven its capabilities by securing a strong turnaround within a short period of time.
The biggest issue is that short sellers are mislead retail investors on forums like this for their commercial benefit.
EOS is among our top positions of our family office.
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