NewsBite

Short sellers bring space defence company back to earth

Short sellers bring space defence company back to earth

Almost all local hedge funds are short the $700 million ASX-listed Electro Optic Systems, which is attempting to sell weapons in the Middle East and track rubbish in orbit around Earth with lasers.

EOS invests in laser technology to track rubbish in outer space. EOS

Michael Roddan and Jonathan Shapiro
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

When IFM Investors global co-head of listed equities Neil Carter resigned from his position in June 2020 after more than eight years with one of Australia’s largest institutional investors, the well-known Sydney stockpicker said he would “take a short break then it will be time for something new”.

Carter, a former director at Macquarie Group, was right in one respect: it was a short break.

Loading...
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Michael Roddan
Michael RoddanNational correspondentMichael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
Jonathan Shapiro
Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

Latest In Manufacturing

Fetching latest articles

Original URL: https://www.afr.com/companies/manufacturing/short-sellers-bring-space-defence-company-back-to-earth-20210614-p580y4