Member Info for RogerMellie50

Notcied this is EOS'quaterly update yesterday. They're listed on ASX.

EOS entered into a Memorandum of Understanding with MSI Defence Systems Limited (MSI). MSI is a UK-based company which specialises in the development of weapons including RWS, particularly for naval customers. The agreement is expected to enable EOS and MSI to work together and leverage each other’s unique strengths.

https://www.listcorp.com/asx/eos/electro-optic-systems-holdings-limited/news/quarterly-activity-report-and-appendix-4c-june-2025-3220440.html

Interim results in 2 or 3 weeks. Agreed though, it is volatile on low volume. Low free float.

Welcome back, John!

*'few days ago', rather.

Lord Lee mentioning MSi's results on his podcast with IC a few years ago. Not much to say:/got the feeling they were hoping for a couple more contracts in results, but pleased with progress, still very much on board etc. Alex Newman, presenter, mentioned that they were a 'quiet' company (putting it mildly) but he was hoping to get management on the podcast to discuss the business! Crikey, believe it when I see (hear) it. That would be the first bit of investor engagment outside of AGMs that the company has ever conducted...

Thanks Jac. Couldn't find the time mentioned in FY report, always has been 11am. Maybe see some other posters there? I'll put a big 'ROGER' sticker on my forehead.

Is it an 11am start on the 6th of August, does anyone know?

Rail fares for open returns during 'peak hours' are obscene, but if you booked two separate tickets you could do the journey for half of that amount John. However, you have to travel on a specific train, and if you miss it you're snookered. I'm sure you could stretch to it with your RR shares, tickling a tenner today! Well done there, I missed the boat. I was looking at buying after the post-tarrif slump, but bottled it sadly.

I've turned the radio off, cricket's got too tense for my nerves!

Morning John,

I think MSi is simply a company where you get 2 updates a year, and that's your lot, not a huge amount else you can do info wise. I search procurement databases and trade magazines periodically, and check on the company's recruitment activities on their website, but that's pretty much all you can do. I first found out about the German Navy contract last year from a press article.

I notcied this government development tender a few months ago:

https://ukdefencejournal.org.uk/mod-issues-pipeline-notice-for-mounted-shorad-study/

and then have just recently seen this on the company's website. Looks like possibly a consortium involving MSi. I know they've collaborated with Supacat and Openworks before.

https://www.msi-dsl.com/msi-ds-team-uk-cuas-expo-2025/

I have quite a large holding here, and the dividend yield on my book cost is about 30% now, and intend to hold for the next 2-3 years to see how things progress . I wouldn't ordinarily even bother to check the share price on a daily basis, but obviously I end up doing so through reading your market reports! I hope to be at the AGM, so will will try to give a summary as best I can here after. You should think about attending though John: only 90 minutes from Kings Cross, starts at 11am and the hotel where they hold it is near the station. If I go by car, would be very happy to pick you up from the station and drop you off after. Anyone, one to think about!

Didn't it live and die as PPI (Polly Peck Int)? I remember reading that Asil left on a private plane to Cyprus on a Bank Holiday because his police 'bail guard' were off-duty to avoid overtime exepenses..

Looks like it will be 1-1 after the Birmingham Test concludes! Going to Old Trafford for the next one.

Good story, Pharmall! Indeed, money is of considerably more benefit to a newly-wed couple than a fondue kit and an electric carving knife! I'm of an age where I've only ever conducted my own transactions on-line, apart from a very brief period when I used a broker and placed telephone orders.

I have a copy of John Preston's 'Fall' on Captain Bob, which I haven't got round to reading yet. There was an obituary in today's Times for someone called Anthony Gooda, whom I'd never heard of, but the headline amused me - "Anthony Gooda: affable Lloyd's agent who lost his clients millions." Haha.

Friend's dad is no longer with us sadly, but I'll ask his daugther if she can remember the company involved. I think they named their dog after it though!

I have heard a story, likely apocryphal , of an account manager doing a sell-and-buy-back for a client, only for a takeover RNS to land just as they'd completed the first part!

I can't remember the companies involved, but a friend's dad back in the 60s once left instructions with his broker to buy a particular share before he went on a long cruise holiday. Intermittent updates from the paper everytime they came in to port somewhere showed the company slipping off the plate. Called his broker up when he got back to ask him to flog whatever crumbs were left, but turned out his broker had mistakenly bought shares in a similarly named company that were 20% up.

How did Mr Ashcroft manage to sell and buy back at the exact same price? Never happened to me. I hold 25% of my MSi shares in a dealing account and have sold some today in the expectation that things will drift a bit after F/Y results, and I can buy them back in my ISA lower before they go ex-div in a fortnight. We'll probably get an RNS in the morning now saying Rheinmetall are making a cash offer...

Still the right side of 4 quid for cask beer at mine in Cumbria, but it's a one room, no food free-house with a 3rd generation landlord and his wife as the only staff, so overheads are very low!

Not expecting anything imminenty, but the 'we're in no rush' line is something they would say anyway even if they were keen to get shot of it asap. Maybe they might want to use the Yorkshire site for production for their defence division?

Weather looks fair for the first 3 days at Edgbaston, but 4 and 5 could be a bit damp. Shame Bumrah isn't available, makes it less of a contest. Do they have the cricket on in your local? Alternative to paying the dirty digger a subscription.

John, we know so little about the divisions (they only started reporting their revenues separately relatively recently), but I think there's quite a lot of real estate attached (site in Doncaster and US with the forklifts, some stuff in Poland and Germany). Don't know if they're leased or owned, but if the Donnie site is fully owned then that would be worth a fair bit.

Well done there Pharmall. I 'averaged down' quite a bit in the 70 pence range, otherwise I'd still be well underwater. Agree though, I'm hoping 2quid could be on the horizon medium term. I just sold all the Kier shares I bought in April, couldn't say no to almost 70% in a few months. Looking at something new to put it in...

In other news Pharmall, I'm back to break even in Costain (after 7 years...)!

I remember from before non-linear accounting format was your bete noir, John!

Thanks for that analysis, Pharmall. I can read accounts, but never having done it for professional purposes, it takes me so long it's painful and I have to use a crib-sheet from a course I went on years ago.

Well, that's our MSi news for the forseeable, although I may be able to attend the AGM now. I doubt the appointment of new board members will improve MSi's investor relations, but you never know.

"We are not in a rush to sell these successful businesses as they continue to have considerable potential and make a significant contribution to the Group. I expect to be able to give shareholders more clarity later this year as and when relevant news is available". Wait and see.