Daily FNArena News - Small Caps

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.

Media intelligence business iSentia has disappointed the market, downgrading FY17 guidance for the third time and writing down the value of its King Content division to zero.

Satellite service provider SpeedCast International continues on the acquisition trail, with its latest considered a strong strategic move into the international government sector.

Galaxy Resources has fulfilled its legacy 2016 contracts and is set to take advantage of robust lithium prices.

Homemaker retailer Adairs recovers from bed linen buyer mistakes and aims to steadily expand and improve retail execution.

Canaccord Genuity has initiated a Buy recommendation on ASX-listed Scottish Pacific Group, saying the debtor finance company could grow steadily once it beds down recent acquisitions.

Canaccord Genuity has initiated coverage with a Buy recommendation on EML Payments suggesting the company offers investors good exposure to the growing prepaid financial products industry.

Metals X has furthered its definitive feasibility study on the Rentails tin and copper re-treatment project, providing robust economics. Canaccord Genuity estimates a final investment decision will take 6-9 months.

BWX has acquired US natural cosmetics outfit Mineral Fusion, providing an opportunity to expand its business globally.