Daily FNArena News - Small Caps

NRW Holdings has won the first of several earthmoving contracts expected from the re-investment in iron ore in Western Australia and brokers suggest the stock is a good way to play the cycle.

Softer-than-expected June quarter gold production at Perseus Mining’s Edikan put a damper on the stock but brokers remain confident in the outlook.

Michael Hill reported a soft fourth quarter with same-store sales growth deteriorating across core markets. The main positive for brokers is the fact that FY18 marks the full exit from Emma & Roe and the US business.

Software service provider, Class, posted a weak June quarter but brokers remain positive on migration to the cloud.

Weebit Nano is set to significantly increase memory chip capacity while reducing size and temperature and increasing longevity.

Aerial imaging company Nearmap is drawing attention from brokers, who are excited about the company’s US growth prospects.

Despite a soft result in FY18, brokers remain confident in the longer-term ambitions of Collins Foods as the company’s expansion strategy is rolled out.

Strong demand for a number of metal detection and mining solution products has driven Codan to upgrade guidance, providing validation for a positive outlook from several brokers.

Ainsworth Game Technology has significantly downgraded guidance, made worse by the fact the revision includes a recent order from Churchill Downs.

WA craft brewer Gage Roads has won exclusive beer rights to the new Perth stadium. DJ Carmichael initiates coverage.