the call: Friday 9 October

Panelists favor data-centre/defence-exposed growth names (Bravura, Symal, EOS) while flagging valuation and execution risk in laggards like Bailador and EML.

• EOS stock of the day: ERS secured a $700M Middle East contract for AI-driven counter-drone defence (80% revenue in first two years); shares +5% after fading from +20%; both panelists rate it a hold given a ~$849M order book but tough valuation.
• Firmus IPO withdrawal: panel says it reflects IPO structure/pricing mismatch (valuation tripled from ~$15B in months) rather than a broader AI-trade or ASX IPO-market problem — smaller IPOs (FDC, Skin Candy, Koala) are trading well.

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