Daily FNArena News - Small Caps

Lovisa Holdings has made an opportunistic acquisition of a jewellery store chain in Europe, enabling a faster expansion of its network as opposed to rolling out new stores.

Notwithstanding the challenges posed by the pandemic, EclipX produced strong earnings growth in FY20 and enters FY21 as a more efficient business unit.

McPherson’s has expanded into the herbal product segment by acquiring Global Therapeutics and can now build out that business across its pharmacy distribution channel.

Adairs has had a stellar sales performance in the first half to date, despite the lockdowns, proving the potential of its online offering amid continuing strength in home furnishings.

Nickel Mines has taken a stake in another nickel pig iron development in Indonesia, set to catapult the company to the world stage as the largest pure nickel exposure.

Tyro Payments has brokered an alliance with Bendigo and Adelaide Bank to provide merchant acquiring services thereby lifting its profile, particularly in Victoria.

Generation Development is branching out with a new investment annuity product while taking a stake in Lonsec.

A new global customer should help Synlait Milk counter the potential entry into manufacturing by chief customer a2 Milk but risks remain.

Damstra is ideally placed in a post-pandemic world, given its suite of products for site management, health and safety.

With biotechnology in focus in 2020, Race Oncology is attracting investor interest