We're pleased to provide the MKR update just received from Claymore Capital, adviser to MKR since its inception. With Gleneagle's clients having invested in the pre-IPO (15c) and the IPO (20c), we remain excited about MKR's prospects. Please also:
Manuka Resources Ltd (ASX: MKR), which we helped IPO at 20c and is now 35c - up 75% since the IPO 2 weeks ago.
We're pleased to announce that a Gleneagle "House" stock, Manuka Resources Ltd (ASX: MKR) commenced trading on the ASX at 10.30 am this morning. It's current price is 26c (v IPO price of 20c). Gleneagle funded the pre-IPO and a significant part of the $7m IPO.
We are pleased to share today's article covering Elsight (ASX: ELS) on Stockhead: https://stockhead.com.au/tech/global-manufacturers-are-getting-excited-for-halo/
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 at Gleneagle are pleased to advise that we have been appointed as Corporate Adviser to Elsight (ASX:ELS). We look forward to working with the Company to get the message out about Elsight's commanding position in the video on the move communications sector. Elsight is the only solution to distribute 4K resolution (ie broadcast quality) video over cellular networks ‘on the move’ with 0.5 second latency. The nearest competitor suffers 60 second latency.
We're please to share our research report on MGM Wireless (ASX: MWR) after the launch of their SPACETALK Kid's smartwatch: Please click here for the report: