Daily FNArena News - Small Caps

Financial software business, GBST Holdings, has materially downgraded FY16 earnings forecasts in the wake of project deferrals from major clients.

Japara Healthcare will acquire the Profke portfolio of four aged care facilities, befitting its stated strategy of expanding its network nationally.

Canaccord Genuity is excited about the launch of the Heng Sheng VIP room at Donaco International’s Star Vegas casino in Cambodia.

Australia’s largest dairy producer, Murray Goulburn, is well positioned to prosper from the growing demand for dairy in Asia. Several brokers have initiated coverage this month.

Several brokers have taken a closer look at Western Australian gold explorer Dacian Gold and found strong potential.

Cloud hosting service Bulletproof produced a strong outcome at its FY15 results and Microequities expects further substantial growth.

Costa Group is well positioned in a growing market – fresh food. Two brokers initiate coverage on the stock.

Brokers assess earnings performances among their small cap coverage and realign preferred portfolios in response.

Occupancy at Mantra Group’s resorts continues to improve and brokers believe the weak local currency is supporting a buoyant outlook.

TFS Corp is expanding from a grower of Indian sandalwood to a product development and distribution company and earnings are expected to accelerate.