Daily FNArena News - Small Caps

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.

McPherson’s has redoubled its focus on health & beauty brands and has China in its sights. Moelis initiates coverage of the stock.

Propertylink, a manager of industrial assets, has piqued the interest of several brokers since listing, given the opportunities offered and a favourable distribution yield.

AdAlta, a Melbourne-based drug developer, recently listed on ASX and NDF Research takes up coverage of the stock.

Small gold producer Medusa Mining is improving its operations at the Co-O gold mine in the Philippines and brokers welcome the better production outlook.

Intellectual property services company Xenith IP outperformed its prospectus in FY16 and brokers suggest growth opportunities abound.

Multi-brand footwear distributor and retailer RCG Corp has seen a soft start to FY17 trading but management is confident in initiatives.