Daily FNArena News - Small Caps

Footwear retailer and distributor RCG Corp, has reiterated earnings guidance for FY17, signalling low growth in its key brands.

The business of workforce provider Programmed Maintenance appears to be stabilising and brokers remain confident gearing levels will ease.

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.