StockTalk

You did well.
RSI at 80.14 says to me it is overbought.
Rightly or wrongly I am holding onto my holding.[in the meantime]

PVE moving nicely. 

PO VALLEY ENERGY – SELVA MALVEZZI OPERATIONAL UPDATE
Highlights:
• Italy's Ministry of Environment and Energy Security ("MASE") confirmed admissibility of the
Environmental Impact Assessment ("EIA") for the Selva Malvezzi four-well drilling program
with 60-day public observation period now underway.
• Strong realised gas prices of €0.67/scm during August, benefiting from supportive
European gas market fundamentals and setting a record for revenue from gas sales at the
field
• New 12-month gas sales agreement signed with Hera Trading S.r.l commencing 1 October
2026

https://www.reuters.com/business/energy/italy-moves-speed-oil-gas-projects-energy-security-push-2026-09-11/?taid=6aa3d146266066000192acf6&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Quote from: Shareguy on Sep 11, 2026, 03:57 PMNo change to the benchmark indices at the sep review. FB state sizeable changes to index shares, effective 18/9. 

NZX50 index

FPH current weight 18.3% Expected 18.5 %
CEN.                        6.3 %.                6.03
IFT.                          10.4.                   9.94


Taking into account revised indexed shares and rolling forward current pricing (using a five-day average price) strongly suggests that KMD Brands (KMD) will drop out of the benchmark S&P/NZX 50 indices at the next quarterly review (December 2026), allowing Pacific Edge (PEB) to enter. It is also worth noting that Seeka (SEK) ranks next in line after PEB given the current status of index constituent Tourism Holdings (THL).

Whats hlg weighting. 

nice little run this week, I'm out at .027 

No change to the benchmark indices at the sep review. FB state sizeable changes to index shares, effective 18/9. 

NZX50 index

FPH current weight 18.3% Expected 18.5 %
CEN.                        6.3 %.                6.03
IFT.                          10.4.                   9.94


Taking into account revised indexed shares and rolling forward current pricing (using a five-day average price) strongly suggests that KMD Brands (KMD) will drop out of the benchmark S&P/NZX 50 indices at the next quarterly review (December 2026), allowing Pacific Edge (PEB) to enter. It is also worth noting that Seeka (SEK) ranks next in line after PEB given the current status of index constituent Tourism Holdings (THL).

ya, I can see why that AS deal would throw you.

To be honest I haven't had a chance to dig much deeper - just was looking into insider dealings due to your comment.

What caught my eye was the switch to positive ebitda and the defence thematic.

Will try and look more into this weekend, market seems choppy at the moment so just keeping this one on the watch list.

Yeah it was the Andreas Schwer one that put me off. I suppose if you net out the options grant + share sale they actually increased their holding by a few hundred grand, but the underlying behaviour is - gets given shares for free, sells them. I do like their focus on layered drone defence and what seems to be relatively close cooperation and knowledge capture with the ukranians. But ultimately, I don't feel like I have an investing edge on this one.

**Kia ora.** Here's a summary of reported director/insider (primarily board-level) transactions in Electro Optic Systems Holdings Limited (ASX: EOS) over roughly the last 12 months (focusing on activity from mid/late 2025 into mid-2026, based on ASX disclosures compiled by sources such as Market Index, Intelligent Investor, and others).
### Key theme

Activity was mixed but leaned toward **net buying by non-executive directors**, especially around a share purchase plan (SPP) and on-market purchases in May–June 2026. The standout event was a large **options exercise and subsequent sale by CEO/Managing Director Andreas Schwer** in March 2026. This followed vesting under incentive plans and was disclosed as a planned divestment. Smaller sales and various issues/transfers of securities also occurred. Overall insider ownership remains relatively modest.

### Notable transactions (chronological, most recent first)

**June 2026 (mostly buys, including SPP participation at $8.00):**

- Kathryn Toohey AM (newly appointed NED): On-market buy of 3,205 shares at ~$9.35 (~$29,967).
- Catherine Roberts (newly appointed NED): On-market buy of 1,500 shares at ~$9.52 (~$14,280).
- Multiple directors via SPP: Garry Hounsell (Chairman) ~5,456 shares (~$43,648); Robert Nicholson, David Black, and Air Marshal Geoffrey Brown each 3,750 shares (~$30,000 each); Kate Lundy 660 shares (~$5,280).

**May 2026:**

- David Black (NED): On-market buy of 2,854 shares at ~$8.75 (~$24,964).
- Andreas Schwer: Issue of options (~80,413) and securities/share rights.

**March 2026 (major event + mixed activity):**

- Andreas Schwer: Exercised a large number of options (around 2.1 million options leading to acquisition of roughly 2 million shares at an effective price linked to ~$8.90). Shortly after, he sold 1,500,000 shares off-market at ~$9.28 (proceeds ~$13.92 million). Post-sale he retained ~1.4 million shares. This was flagged by the company as a planned management divestment after option exercise; the stock reacted negatively at the time.
- Robert Nicholson (NED): On-market buy of 8,685 shares at ~$8.06 (~$70,001), plus off-market transfers involving ~137,647 shares.
- Garry Hounsell: On-market buy of 5,000 shares at ~$9.17 (~$45,850).
- Kate Lundy (NED): On-market sale of 13,000 shares at ~$8.96 (~$116,480).

**Earlier in the period (mid-2025 examples):**

- Andreas Schwer: Various issues of options, share rights, and deferred shares under incentive plans (e.g., around June 2025).
- David Black: Expiry/disposal of 75,000 restricted/loan-plan shares (around 30 June 2025; nil consideration in some reports).
- Kate Lundy: Small on-market buy earlier in 2025 (outside strict last-12-months window in some tallies).

### Summary assessment

- **Buys** dominated among non-executive directors (on-market + SPP participation), signalling some board-level support/confidence at prices in the ~$8–$9.50 range. New directors (Toohey and Roberts, appointed ~1 June 2026) also bought promptly.
- The **largest single transaction by value** was Schwer's ~$13.9 million sale after exercising options. This is common for executives realising incentive gains but contributed to short-term share-price pressure.
- Other activity includes routine issues of equity incentives (options/share rights) to the CEO and transfers.
- Data is drawn from ASX Appendix 3Y (Change of Director's Interest) notices and related announcements. Figures can have minor variations across aggregators due to rounding, classification of "issued" vs. open-market trades, or inclusion of related-party/transfer details. Substantial-holder notices (e.g., State Street, Washington H. Soul Pattinson) show institutional activity but are separate from pure insider/director trades.

For the absolute latest filings, check the ASX announcements page for EOS or sites that aggregate Appendix 3Ys (Market Index, Intelligent Investor, etc.), as new notices can appear quickly. This is not investment advice—insider trades are one data point among many.

Turners highlighted in sharesies podcast:  https://podcasts.apple.com/nz/podcast/how-turners-is-growing-in-a-tough-car-market/id1515069366?i=1000788722071