Here is my latest upgrade (Price Target increased to $8.24 (up >600% from our initial PT 5 months ago; currently up 250% since then) to my MGM Wireless forecasts and valuation following the successful rollout of the SPACETALK watch to Spark NZ - a major achievement - and the very positive Trading Update. The performance of MGM and their success in the new wearables category for kids continues to exceed my expectations.
We are pleased to report that Elsight Ltd (ASX: ELS) announced today its largest order to-date: a US$323k order to its partner, Traffilog to "the same UK security agency project as in the first order."
ELS is getting traction in:
- Defence, Security and Transport,
- in Israel, UK, Asia and expected to be the USA based on the number of trips they've made to the USA this year.
Please click here for the full announcement.
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Corporate Finance - Executive Director
Gleneagle Securities (Aust) Pty Limited
Level 27, 25 Bligh Street, Sydney NSW 2000
Mob: +61 414 450 154
Ph: +612 8277 6683 | Fax: +612 9475 0154
We're pleased to share Elsight's announcement this morning, representing extraordinary validation from the world leader in defence aircraft, Israel Aerospace Industries: