Daily FNArena News - Small Caps

BWX is substantially expanding its manufacturing capacity as growth prospects for the natural skincare manufacturer improve markedly.

Life360 has surpassed 27m monthly active users, maintaining a tight grip on costs and providing its first positive quarterly cash flow.

Alliance Aviation now has capacity to materially expand its fleet and exploit the current dislocation in the airline industry.

Audinate has signalled the trough in income during the June quarter was not as deep as previously anticipated and this augurs well for the company’s earnings trajectory in FY21.

Praemium is poised to obtain considerable scale with the acquisition of Powerwrap, positioning it as a major competitor in the wealth platform space.

A spotlight has fallen on Nickel Mines (the company) after having completed the acquisition of a further stake in its Indonesian projects. Shaw and Partners initiates coverage.

Damstra will acquire Vault Intelligence, expanding its product suite, customer and industry exposure and providing several avenues for growth.

Fashion jewellery is likely to remain relatively low on the list of consumer purchases for now but, over the longer term, Lovisa is considered well placed for a recovery in demand.

Adairs has experienced strong sales since its home furnishing stores re-opened and the online business is robust, standing the company in good stead despite the uncertain outlook.

HRL Holdings has emerged from the depths of the lockdown relatively unscathed but the uncertain economic outlook is likely to weigh on FY21.