GetSwift Ltd

· Commenced trading on ASX: GetSwift Ltd (ASX: GSW) started trading on the Australian Securities Exchange on December 09, 2016 and rose about 50% on debut. GSW has raised A$5 million at A$0.20 per share through an initial public offer which got over subscribed, as led by Cygnet Capital. The IPO got strong support from the domestic and the international institutional investors that includes Regal Emerging Companies Fund. Moreover, GSW is expanding across a number of sectors and across the geographies in US, Asia, European Union and Middle East. Additionally, GSW will focus on scaling resources to optimize on boarding, deployment and geographic reach and would continue to develop the user interface and optimization of the user experience of the GSW platform.

· Recommendation: We give a “Speculative Buy” recommendation at the current price of – $ 0.30



Commitments of funds (Source: Company Reports) 

Fastbrick Robotics Ltd

FBR Details
· Funds Raised successfully: Fastbrick Robotics Ltd (ASX: FBR) stock rose over 26.4% on December 09, 2016 driven by their successful raising of funds of $8 million via a Strategic Cornerstone Investor Placement with Hunter Hall Investment Management Limited. After the completion of the placement, Hunter Hall’s holding in FBR represents 17.2% of shares on issue. The funds raised will be used to complete the Hadrian X™Commercial Prototype, for which the delivery is scheduled in 2017. Moreover, FBR is now fully funded into 2018 and the cash reserves will exceed $10 million.

· Recommendation: FBR stock rose over 31.82% (as of December 08, 2016) in the last three months. There is still time to see potential growth from the company’s technology platform, and accordingly, we give an “Expensive” recommendation at the current price of – $ 0.11

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