Daily FNArena News - Small Caps

Small cap specialist researcher Microequities has issued a Strong Buy recommendation on Cash Converters following its regulation-inspired fall.

Fresh from signing deals with Holcim in Sri Lanka and with major airline Lufthansa, Algae.Tec has now signed an equity joint venture in China with a 250-module facility to be constructed.

QRxPharma has signed a strategic partnership with Actavis and brokers are positive on the deal given the royalties to be received and the potential for further agreements to be signed.

DJ Carmichael has initiated coverage on Nimrodel Resources with a Spec Buy rating, seeing upside from a significant coal resource at the Takatokwane coal project in Botswana.

Bell Potter’s Life Sciences Index is well down this year but the broker continues to see value, offering its top picks in the sector.

DJ Carmichael has initiated coverage on Mako Energy with a Spec Buy rating, attracted to the potential of the group’s two projects in Canada and likely positive news flow in coming months.

As Algae.Tec’s carbon capture and biofuel production technology moves towards production at its Australian showcase facility, a Sri Lankan company has signed Algae.Tec’s first commercial deal in Asia.

While permit approvals offer some risk, high quality output and M&A potential lead Citi to initiate coverage on coal junior Bathurst Resources with a Buy rating.

An attractive franchise model and a resilient category should support earnings for Retail Food Group, reports UBS.

Amex Resources is developing the Mba Delta Iron sand project in Fiji and DJ Carmichael initiates with a Buy rating, seeing significant upside potential as the project moves towards production.