Daily FNArena News - Small Caps

An aftermarket guidance upgrade from new world advertising and promotion provider Appen has brokers scrambling to upgrade forecasts.

Brokers agree furniture retailer Nick Scali is well-positioned, given its scale in a fragmented market and a clear growth strategy.

Lithium producer Galaxy Resources has made a positive impression on Canaccord Genuity after a site visit to Mt Cattlin.

Oil and gas explorer 88 Energy has captured the attention of DJ Carmichael as it begins an extensive exploration program in Alaska.

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.