Daily Financial News - Small Caps

Myer has renewed its focus on a smaller store footprint, online growth and exclusive brands, yet brokers are sceptical the business can make inroads against intense competition.

Uncertainty is likely to hinder Sigma Pharmaceuticals until a firm earnings base is established after the exit of its major customer.

Lithium producer Orocobre is in the spotlight after the Argentine government imposed “temporary” levies on exports, but brokers consider any sell-off overdone.

Software company Citadel Group beat most estimates in FY18 and has reiterated a goal for growth of 15% in operating earnings going forward.

Bedding specialist Adairs has turned around the business over FY18 and set its sights on strong growth in FY19.

Australia underpinned Praemium’s stellar growth in funds under administration in FY18 and brokers expect the current momentum to continue.

SG Fleet hopes to drive growth by increasing product offerings and acquisitions are firmly in its sights.

Instead of the weak trading update brokers feared, Baby Bunting reported strong growth in sales for the first six weeks of FY19 and the share price took off.

Senex Energy’s Surat Basin projects have received a boost from the securing of a senior debt facility.

Audinate has confirmed its technological dominance of the professional AV industry, beating prospectus forecasts and securing strong operating cash flow in the June quarter.