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Packaging company Pact Group (ASX: PGH) appears to be seriously undervalued by investors which has prompted the Company’s Chairman to rustle up a bid to acquire the entire business.

Defence spending for Australia, like much of the world, is on the rise which may not be surprising given all the sabre-rattling that is going on.

Defence spending for Australia, like much of the world, is on the rise which may not be surprising given all the sabre-rattling that is going on.

John Garrett from MA Financial discussed that while the global micro cap space has underperformed, there are opportunities.

Welp… that was a blink-and-you’ll-miss-it kinda weekend, and so here we are again on another Monday morning, waiting impatiently for the markets to open so we can get down to the cheerful business of buying and selling little pieces of things to each other.

Shares of Elsight ELS rise as much as 23.7% to A$0.470, extending gains.

Shares of Elsight ELS rise as much as 23.7% to A$0.470, extending gains.

It’s not been the best of weeks for the ASX 200, after a string of less-than-excellent days left the benchmark down 2.2%.

The Aussie sharemarket has made it three losses straight to end a tough 5 sessions. The benchmark lost 0.3% on Friday to make it a walkback of well over 2.2% for the week.

Set to join Australia’s fastest growing provider of share registry services, Advanced Share Registry (ASX: ASW) has received an offer to be wholly acquired by Automic Group at a 32% premium on their last traded share price.

One of the more interesting ASX defence tech makers is the Israeli-based Elsight (ASX:ELS). With the share price up and gunning for it on Thursday – ahead by 20% in morning trade and holding onto the gains – we though it’d be a fine time to look under the hood.

ASX-listed Elsight’s communications system helps US company Airobotics win US FAA approval to fly drones in urban areas in major step forward for commercial drone industry

US aviation authorities have granted commercial drone company Airobotics, which uses a communication system made by ASX-listed Elsight, a certification to fly drones in US cities without the need for case-by-case approvals.

If you’ve ever had fears about being knocked out by a drone falling out of the sky, rest assured there is a massive regulatory hurdle for drone operators to overcome.

A trio of firms just received FAA authorization to fly unmanned aircraft systems (UAS) where their operators can’t see them.

Australian shares are set to open lower on Thursday following a selloff on Wall Street overnight. At 8am AEST, the ASX 200 index futures was pointing down by -0.5%.

Shares of Elsight Ltd E ELS rise as much as 25.8% to A$0.390, posting their biggest intraday pct jump since Feb 17, 2021

Shares of Elsight Ltd ELS rise as much as 25.8% to A$0.390, posting their biggest intraday pct jump since Feb 17, 2021

U.S. FEDERAL AVIATION ADMINISTRATION GRANTED HALO ENABLED AIROBOTICS OPTIMUS-1EX SYSTEM A TYPE CERTIFICATE

U.S. FEDERAL AVIATION ADMINISTRATION GRANTED HALO ENABLED AIROBOTICS OPTIMUS-1EX SYSTEM A TYPE CERTIFICATE

U.S. FEDERAL AVIATION ADMINISTRATION GRANTED HALO ENABLED AIROBOTICS OPTIMUS-1EX SYSTEM A TYPE CERTIFICATE

Lithium Plus Minerals (ASX:LPM) announced an exceptional 127m mineralised pegmatite intersection at the Lei Prospect at their Lithium Project.

Lithium Plus Minerals (ASX:LPM) announced an exceptional 127m mineralised pegmatite intersection at the Lei Prospect at their Lithium Project.

In July, Australia's trade surplus decreased to $8 billion, down from $11.3 billion in June. This figure fell short of expectations, as analysts had predicted a surplus of $10 billion. The decline in the surplus can be attributed to a 2% drop in exports, primarily driven by a decrease in non-monetary gold exports, while imports increased by 2.5%, mainly due to higher imports of non-industrial transport equipment.

Security tech provider Elsight (ASX:ELS) jumped 20 per cent on Thursday morning after announcing that the Halo-enabled Airobotics Optimus-1EX drone has been granted Type Certification by the US Federal Aviation Administration (FAA).