Daily FNArena News - Small Caps

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.

Indian sandalwood producer TFS Corp is moving its focus to sales of its product and brokers laud the opportunity ahead.

Competitive pressures are mounting on media intelligence service iSentia and growth has slowed to a crawl in its core business.

Growth options abound for veterinary chain and pet supplies business Greencross as it seeks to expand its one-stop shop concept.