Daily FNArena News - Small Caps

Mount Gibson Iron earnings were ahead of expectations in the first half and the market is now focused on the redevelopment of Koolan Island.

GBST Holdings generated strong cash flow in the first half and has gained some new contracts, amid early signs its business is stabilising.

Brokers have hurriedly reviewed forecasts as Praemium has significantly increased sales and marketing expenses to take advantage of the structural shift occurring in Australia’s investment platform and advice industry.

Strong uptake in cloud-based SMSF software continues to underpin the outlook for Class although competition has put pressure on margins.

Integral Diagnostics performed strongly in the first half and FY18 guidance was recently upgraded but not all brokers are happy with the outlook.

LiveTiles has a large addressable market for its pre-configured software tiles and apps. Moelis initiates coverage on the stock.

Canaccord Genuity expects online shopping provider Kogan.com to have a stellar 2018, with the business experiencing strong and accelerating revenue growth.

Lithium battery material provider, UltraCharge, has recently signed up to a deal with Sinochem Lantian involving commercial scale manufacturing of its electrolyte solution.

Challenging conditions continue for Japara Healthcare, which has flagged a weak first half, and lower FY18 guidance, in the wake of a severe flu season that has affected occupancy.

Oracle’s bid for Aconex represents a substantial premium. Brokers suggest a counter bid, while highly unlikely, cannot be completely ruled out, but nor can the regulators be ignored.