Daily FNArena News - Small Caps

Orocobre has delivered an upgrade to inventory at its Olaroz lithium brine project in Argentina amidst favourable product pricing and improved production potential.

Brokers welcome the value accretion that lies in the businesses recently acquired by National Vet Care.

Autosports delivered a strong FY17 maiden result, signalling scope for further acquisitions in FY18.

Plumbing fittings specialist Reliance Worldwide beat prospectus with its maiden FY17 result and has exhibited a high level of confidence in its FY18 guidance.

Adairs finished FY17 with a flourish after a weak performance earlier in the year, as sales and margins were soft while inventory was cleared. Brokers envisage a better performance in FY18.

Financial services software provider Class Ltd delivered a strong FY17 although margin growth is expected to taper off as investment ramps up in FY18.

The market reacted positively to oOh!media’s first half and brokers expect 2017 will reveal meaningful growth.

Brokers are prepared to look beyond the weakness in the first six weeks of Baby Bunting’s trading in FY18, suggesting this is not necessarily the start of a trend.

Hotel chain operator Mantra Group will acquire The Art Series hotels, and brokers largely welcome the acquisition.

Brokers believe investor patience will eventually be rewarded by Alacer Gold, which is intent on bringing its sulphide project to first gold in the September quarter of 2018.