Daily FNArena News - Small Caps

Success with its strategy has meant power retailer and generator, ERM Power, is able to upgrade guidance for FY17 and provide a better-than-expected outlook for FY18.

Waste business Tox Free Solutions will cease to service the Chevron Australia operations on Barrow Island at the end of FY17 and brokers are uncertain as to whether the company’s earnings trajectory has troughed.

Syrah Resources is progressing its graphite business, signing a non-binding MoU with BTR New Energy Materials.

Base metals player Metals X has two key mines in Western Australia and Tasmania and brokers are upbeat about the prospects.

Brokers believe APN News & Media is in a superior position in two of the brightest segments of Australian advertising – radio and outdoor. Canaccord Genuity initiates coverage on the stock.

Telco infrastructure company Superloop has built a network and will now increase its sales team as it accelerates growth across its key regions.

Western Australian junior Gold Road Resources has secured a well-funded JV on its Gruyere project and several brokers highlight the upside.

Despite National Storage REIT’s market dominance, brokers are concerned about lower-than-expected initial yields on recent acquisitions and limited underlying growth.

Almond grower Select Harvests is facing more subdued almond prices but an accretive new orchard and improved yields suggest FY18 should be positive.

Growth in market share and industry consolidation opportunities underpin broker confidence in remote communications provider SpeedCast International.