Daily FNArena News - Small Caps

Leading Australian salmon farmers, Tassal and Huon Aquaculture, are facing strong demand and rising prices for their fish in FY17.

Infant formula distributor Bellamy’s Australia issued a substantial downgrade to forecasts and brokers shave large chunks off growth expectations, while defending a2 Milk.

Resonance Health has captured the imagination of NDF Research with its world-leading MRI diagnostics, resulting in an initiation of coverage.

Almond producer Select Harvests is on target for record production in FY17 and has flagged improved farm management practices.

Footwear retailer and distributor RCG Corp, has reiterated earnings guidance for FY17, signalling low growth in its key brands.

The business of workforce provider Programmed Maintenance appears to be stabilising and brokers remain confident gearing levels will ease.

Brokers remain divided over the amount of risk to apply to graphite developer Syrah Resources, given the number of unknowns in its battery strategy.

Foreign exchange business Ozforex provided a disappointing first half result but brokers suspect the issues that plagued the company are short term.

Positive news keeps coming in regard to data centre operator NextDC given leverage to the substantial growth in cloud computing.

KFC franchisee, Collins Foods, has embarked on an expansion in Europe, acquiring 11 stores in Germany. Brokers are upbeat about the potential.