Daily FNArena News - Small Caps

Dick Smith is off to a strong start in FY15 and brokers suspect the electronics retailer will provoke a competitor reaction.

BioProspect is developing a new diagnostic test for mental illness and Baillieu Holst initiates coverage on the stock.

Lynas’ June quarter production report has signalled the urgency of a debt restructure, or Lynas will need to raise funds again.

Netcomm Wireless is shaping up to be a major player in high-growth M2M technology and Moelis initiates coverage.

Amcom has a contract with Melbourne University which has potential to elevate the company’s standing in the burgeoning cloud computing space.

Reliance Group has increased its investment in Algae.Tec as progress is made on a pilot biofuel plant servicing an Indian oil refinery.

Mount Gibson Iron increased shipments and sales in the June quarter but the future remains plagued by the weak iron ore price.

Webjet has acquired SunHotels, which brokers consider is important for the company’s long-term outlook.

DJ Carmichael observes the extraordinary run for Perth-based Liquefied Natural Gas and thinks more upside is in the offing.

iSentia has performed strongly since listing in June and Moelis initiates coverage with a Buy.