Daily FNArena News - Small Caps

Dairy co-operative MG Unit Trust has downgraded its FY16 guidance after being overly ambitious in its previous forecasts for milk powder sales to China.

Lawyer group Shine Corporate has sustained a sharp surge in share price over the past month and Moelis calls time out for a breather ahead of the August results.

Property developer Peet Ltd is feeling the impact of a more subdued housing market in its home state of Western Australia but brokers note its east coast star is rising.

Pro Medicus has won a seven-year contract with the Mercy Health System and Moelis takes a look at what this means for the earnings outlook.

Moelis initiates coverage of Alexium International, a company developing non toxic chemical flame retardant treatments.

Tox Free Solutions has acquired a NSW-based recycler, Worth Corp, expanding its footprint on the east coast and diversifying its customer base.

Pro Medicus is at the forefront of new medical technology and Moelis initiates coverage on the stock.

The Mt Cattlin lithium JV between Galaxy Resources and General Mining Corp has received a boost from an offtake agreement for 2016 and 2017 production.

Livestock exporter Wellard may take time to re-rate following a disappointing first half but brokers are confident the means are in place to justify a buoyant outlook.

Sandalwood grower TFS Corp has contracted new supply to Asian buyers with potential to absorb the next five years’ supply of its highly sought after oil.