Daily FNArena News - Small Caps

Billabong has signalled investors will need to be patient as it continues to turn its business around. Brokers remain confident but expect the strategy will take some time.

Brokers contend a2 Milk is surpassing reality while upside remains for another high flyer, Blackmores.

Confidence is taking time to re-build in lawyers Slater & Gordon and brokers suspect investors will need to remain patient.

Collins Foods has a track record in generating cash from its KFC franchise and, in uncertain times, this is gold, Canaccord Genuity believes.

SMS Management & Technology has sharply downgraded first half guidance as a major restructure halts sales momentum.

Thorn Group produced a solid first half result but regulatory concerns are weighing on the stock.

Cover-More continues to deliver robust premium growth although margins are under pressure from the falling Australian dollar.

Footwear distributor and retailer, RCG Corp, is poised for growth given consumer trends. Moelis initiates coverage of the stock.

In the wake of FY15 results brokers remain upbeat on the outlook for vehicle fleet leasing and management provider Eclipx.

Parts manufacturer MaxiTRANS has unveiled operational improvements which Canaccord Genuity believes are a sign the business is stabilising.