http://www.microequities.com.au/ Register for FREE news on Australian ASX listed Microcap Companies. www.microequities.com.au http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=390&news_headline=&action=&lk=0 Bucking the trend of most companies Transport and logistics company Lindsay Australia (ASX LAU) yesterday issued an upward revision for its 1st Half profit. The company has increased its range for the profit to $2.3m to $2.5m (+8 to +20% on previous guidance in November 2008). The results are likely.….... Register for FREE News www.microequities.com.au Register for FREE News www.microequities.com.au Tue, 03 Feb 2009 05:51:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=391&news_headline=&action=&lk=0 Road signage and safety equipment supplier SafeRoads Holdings (ASX SRH) shocked investors yesterday after announcing its profit for the first six months of the FY09 had declined by 63% to $1.1m. Curiously.… Register for FREE News www.microequities.com.au Register for FREE News www.microequities.com.au Tue, 03 Feb 2009 05:51:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=392&news_headline=&action=&lk=0 Mining software developer QMASTOR (ASX QML) yesterday posted a profit of $1.07 for the first six months of FY09, equating to an EPS of 2.7 cents per share. The numbers represent a 187% increase on the same period last year. QMASTOR enjoyed strong demand.….. Register for FREE News www.microequities.com.au Register for FREE News www.microequities.com.au Tue, 03 Feb 2009 05:51:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=393&news_headline=&action=&lk=0 Wealth management software developer Bravura Solutions (ASX:BVA) announced this morning that the NSW court has delivered a judgment that sees the interest in the holdings in Bravura pertaining to its CEO Ian Dunstan and the company secretary Simon Woodfull have not been defeated or eliminated..…. Register for FREE News www.microequities.com.au Wed, 04 Feb 2009 02:39:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=394&news_headline=&action=&lk=0 Automotive services holding company Allomak Ltd (ASX:AMA) will incur huge write downs of between $36-$40m due to a combination of impairment charges against goodwill, inventory write downs and bad debt provisioning. The news comes after Allomak warned investors back in October 2008.… Register for FREE News www.microequities.com.au Wed, 04 Feb 2009 05:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=395&news_headline=&action=&lk=0 Online airline ticket seller Webjet (ASX:WEB) has dogged a bullet and delivered a 29% increase in NPAT to $3.7m despite much doom and gloom within the travel industry. Webjet’s numbers are even more surprising given an overall industry wide decline in ticket values and transaction numbers. Register for FREE News www.microequities.com.au Wed, 04 Feb 2009 23:13:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=396&news_headline=&action=&lk=0 Human Resources and recruitment firm Skilled Group (ASX:SKE) has reaffirmed its earnings guidance. In a response to an ASX query, the firm has this morning stated that it’s previous full year NPAT range of $31m to $38m and an EBITDA in the range of $100m to $110m remains in place. Register for FREE News www.microequities.com.au Fri, 06 Feb 2009 00:08:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=397&news_headline=&action=&lk=0 Troubled printing and marketing firm PMP Ltd (ASX:PMP) has this morning announced it will close down its Heatset operations in Salisbury, South Australia as well as decommissioning its Rotoman 8 Press at Wacol, Queensland. The moves come as PMP readjusts its printing operations in the face of reduced demand and intense competition. Register for FREE News www.microequities.com.au Mon, 09 Feb 2009 01:36:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=398&news_headline=&action=&lk=0 Salt and stock feed manufacturer Ridley Corporation (ASX:RIC) will record an NPAT loss of $50m for the first six months of FY09. The numbers included a non cash loss of $52.2m due to Ridley’s sale of its 69% stake in its North American subsidiary Ridley Inc. The numbers also include $6.9m in significant items, including impairment charges in Ridley’s supplements business. Register for FREE News www.microequities.com.au Tue, 10 Feb 2009 02:47:46 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=399&news_headline=&action=&lk=0 Medical diagnostics developer Compumedics Limited (ASX:CMP) confirmed this morning that it continues to trade profitably, registering its 5th consecutive month of profitability. Compumedics chairman Mr David Burtton said that whilst the company was not immune from the financial crisis demand for its products was holding up describing the outlook as “encouraging”. Register for FREE News www.microequities.com.au Wed, 11 Feb 2009 02:33:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=400&news_headline=&action=&lk=0 Health and aged care communications system provider TSV Holdings (ASX:TSH) expects to make an underlying profit of $1.1m for the first six months of FY09. There is a snag though; the company will take an impairment hit of over $11m against the carrying value of its goodwill and intangible assets. Register for FREE News www.microequities.com.au Wed, 11 Feb 2009 04:55:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=401&news_headline=&action=&lk=0 MicroEQUITIES has initiated coverage on QMASTOR LTD ASX QML) with a BUY RECOMMENDATION. QMASTOR product suite includes software systems, which optimise the efficiency of the commodity supply chain from pit to port or plant; some of QMASTOR’s products have taken over 20 years to develop. QMASTOR is now beginning to witness a deepening of the commercial entrenchment of its product suite in the market place. However, there is still plenty of scope to grow. Register for FREE News www.microequities.com.au Thu, 12 Feb 2009 01:04:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=402&news_headline=&action=&lk=0 ABN Amro and Wilson Corporate have helped Pipe Networks (ASX:PWK) raise almost $10m via a share placement to sure up its balance sheet as the company looks to commence the building of its PPC project. Pipe has issued 3.5m shares at $2.80 per share, a 10% discount to the previous five day VWAP. The board of Pipe Networks will also enact a share holder purchase plan to all eligible shareholders, allowing investors to purchase up to $10,000 worth of shares at $2.80 per share. Register for FREE News www.microequities.com.au Fri, 13 Feb 2009 00:16:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=403&news_headline=&action=&lk=0 Waste management service provider, Tox Free Solutions Limited (ASX:TOX) has announced it has won a three year contract (with an option for a further two) to provide waste management services to Woodside Emery Ltd. The services will be centered on Mon, 16 Feb 2009 02:13:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=404&news_headline=&action=&lk=0 IT Services firm Oakton Ltd (ASX:OKN) has seen its first half profit plunge 48.7% despite its revenues rising 3% for the same period. The company is blaming the current financial crisis and consequent economic slowdown. however, it also conceded that the firm was seeing a margin squeeze as its clients placed pricing pressure on the provider “as clients Register for FREE News www.microequities.com.au Mon, 16 Feb 2009 23:46:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=404&news_headline=&action=&lk=0 IT Services firm Oakton Ltd (ASX:OKN) has seen its first half profit plunge 48.7% despite its revenues rising 3% for the same period. The company is blaming the current financial crisis and consequent economic slowdown. however, it also conceded that the firm was seeing a margin squeeze as its clients placed pricing pressure on the provider “as clients Register for FREE News www.microequities.com.au Mon, 16 Feb 2009 23:46:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=405&news_headline=rfg&action=1&lk=0 The economy might be in state of doom and gloom, but not all companies are seeing their profit dip. Retail Food Group (ASX:RFG) which owns various retail food outlets such as Donut King, Brumby’s Bakeries, Michel’s Patisserie and bb’s café, has this morning reported an increase in profit of 19% for the first six months of FY09 and announcing Register for FREE News www.microequities.com.au Tue, 17 Feb 2009 00:46:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=406&news_headline=&action=&lk=0 Someone’s pain can sometimes be someonelse's joy. Debt solution and creditor assistance provider, FSA Group (ASX:FSA) said it was experiencing booming business conditions, particularly in its consumer debt area as pressured borrowers looked at FSA for debt servicing solutions “Demand for Register for FREE News www.microequities.com.au Thu, 19 Feb 2009 00:53:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=407&news_headline=&action=&lk=0 Interesting times at troubled toy distributor Funtastic Limited (ASX:FUN), still feeling the pinch from the ABC Learning Centres collapse the company has today announced plans to undertake a $22m capital raising at $0.13 per share. The capital raising is expected to be fully underwritten by interests associated with Mr Craig Mathieson (of the Register for FREE News www.microequities.com.au Thu, 19 Feb 2009 05:40:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=408&news_headline=&action=&lk=0 Times are tough for most companies that have products related to the building industry and for blind manufacturer and distributor Kresta Holdings (ASX:KRS) they don’t look like getting any better over the short term. The company has delivered a large drop in HY09 EBIT earnings which went from $5.6m last year to $2.6m this year. Kresta is blaming Register for FREE News www.microequities.com.au Fri, 20 Feb 2009 03:39:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=409&news_headline=&action=&lk=0 Financial management software developer Bravura Solutions (ASX:BVA) has this morning reported a 1st half revenue increase of 8% to $73m, whilst EBITDA earnings increased by 14% to $11m. Bravura saw a sharp increase in operating cash flows, though the company still carries $53m of debt on its books. The company also has Register for FREE News www.microequities.com.au Tue, 24 Feb 2009 01:47:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=410&news_headline=&action=&lk=0 It’s tough out there, even for businesses that are meant to be doing more business in tough times like debt collectors. Collection house Ltd (ASX:CLH) saw only a marginal increase in its 1st half NPAT of +2% to $3.4m. Managing Director and CEO Tony Aveling said the company expected profit to Register for FREE News www.microequities.com.au Tue, 24 Feb 2009 01:54:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=411&news_headline=&action=&lk=0 It is not a great moment to be in mining, and it’s a particularly bad time to be a provider of services to miners. A look at some of the minor Micro Cap mining services firms shows a trail of carnage. For EDMS Ltd (ASX:EDS) times are tough. This morning it has announced a NPAT Register for FREE News www.microequities.com.au Thu, 26 Feb 2009 23:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=412&news_headline=&action=&lk=0 Not all companies are pessimistic about their future. Franchiser Retail Food Group (ASX:RFG) continues to defy the gloomy feeling out on Main Street. The company is in fact still in expansion mode and it expects to open a total of 55 new stores across its four brands. Net of Register for FREE News www.microequities.com.au Tue, 03 Mar 2009 05:46:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=413&news_headline=&action=&lk=0 Cash is king, and companies facing a slowing domestic economy are looking at opportunities to prop up their balance sheet. Prudent capital and risk management? Most of the time it is, investors though should be kept adequately informed of who purchased the new shares and the purpose of Register for FREE News www.microequities.com.au Thu, 05 Mar 2009 01:56:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=414&news_headline=&action=&lk=0 Portable and temporary housing builder Nomad Building Solution (ASX:NOD) today announced contract wins for the supply of up to 45 homes for Woodside's (ASX:WPL) Pluto LNG project. Three contracts totaling $30m were awarded to Nomad with two Register for FREE News www.microequities.com.au Thu, 05 Mar 2009 02:32:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=415&news_headline=&action=&lk=0 Microcap investment research firm Microequities has maintained its Buy recommendation on nutritional and Omega-3 manufacturer, Clover Corporation (ASX:CLV). Microequities is forecasting FY09 EBITDA to increase 65% to $4m. Microequities believes that Clover still has some issues to address for FY10, including regulatory risk for its exports into the Indonesian market. However, Clover is Register for FREE News www.microequities.com.au Wed, 11 Mar 2009 04:05:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=416&news_headline=&action=&lk=0 ISP provider SP Telemedia (ASX:SOT) shares rocketed 31% as the company announced that it was on track to meet its full year guidance of $93m EBITDA. SP Telemedia also announced that it would pay an interim dividend of 1 cent. The company’s services generated a net cash flow of $64m allowing the company to pay back $23m of its debt. Whilst the debt reduction is likely to be Register for FREE News www.microequities.com.au Tue, 24 Mar 2009 05:19:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=417&news_headline=&action=&lk=0 According to a newly published 24 page investment report issued today by Microequities, iiNet (ASX:IIN) stands to gain from the current impasse on the NBN roll out. iiNet one of the early builders of the DSLAM network which allows for ADSL2 speeds of up to 24 Mbps will derive a higher return on investment the longer it takes to build the network “the longer the status-quo technology infrastructure remains the higher its rate of return on its CAPEX” said Microequities Analyst Fond Lim. Microequities is forecasting iiNet revenue Register for FREE News www.microequities.com.au Fri, 27 Mar 2009 04:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=418&news_headline=&action=&lk=0 According to a new report issued by Microcap investment research firm Microequities, Webjet (ASX:WEB) is in a good position to avoid the industry gloom as it sets to take advantage of a structural change within the sector. Microequities believe consumers are increasing their online purchases of airline tickets and travel accommodation. Thanks to increased broadband speeds, greater credit card security and consumers increasingly demanding better pricing transparency is driving online growth. Whilst the overall travel industry is facing a difficult period, Microequities believe the future is not so grim for the online players as they move to capture a greater part of the pie. Register for FREE News www.microequities.com.au Thu, 09 Apr 2009 07:05:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=419&news_headline=&action=&lk=0 Shares in IT solutions and services provider UXC holdings (ASX:UXC) have been placed in a trading halt as the company seeks to persue a capital raising to fund working capital commitments. UXC announced last Friday that it had entered into three contracts with three different energy retailers for the total value of $28m AUD. One of UXC subsidiaries, Field Solutions is Register for FREE News www.microequities.com.au Tue, 28 Apr 2009 02:50:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=420&news_headline=&action=&lk=0 Mining and logistics software developer QMASTOR (ASX:QML) has this morning announced a significant client win in the US signing Jim Walter Resources under an initial 5 year deal. It represents the first significant foray in to the US mining sector for QMASTOR “These contracts with Jim Walter Resources are an important milestone in the company’s ongoing international expansion and market development” said QMASTOR’s CEO Trent Bagnall. QMASTOR expects most of the revenue Register for FREE Micro Cap News www.microequities.com.au Thu, 21 May 2009 04:17:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=421&news_headline=&action=&lk=0 Perth based scooter manufacturer Vmoto (ASX:VMT) informed the market today that it was close to finalizing an agreement over a $23m USD contract for the production of 30,000 scooters expected to be sold to the Vietnamese market. Vmoto says an “in-principle” agreement had been reached, which will see Vmoto supply 30,000 units of the Mid Range Retro Scooter which uses Vmoto’s propriety 125cc electronic fuel injection water cooled engine. The units are expected to Register for FREE Micro Cap News www.microequities.com.au Thu, 21 May 2009 05:15:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=422&news_headline=&action=&lk=0 Integrated engineering and building services provider Norfolk Ltd (ASX:NFK) has this morning announced a fall of more than 50% in EBIT earnings to $15.4m AUD (versus $33.5m in FY08) after the company took an impairment charge of $13.5m on a legacy rail project. Revenue remained mostly flat at $744.2m AUD. Northfolk continued to generate high net operating Register for FREE Micro Cap News www.microequities.com.au Wed, 27 May 2009 01:58:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=423&news_headline=&action=&lk=0 Telecommunications software provider eServGlobal (ASX:ESV) yesterday surprised the market by announcing management changes and a private placement of 24.5m shares. The newly issued shares were placed at a heavily discounted price ($0.33) to incoming CEO Mr Richard Mathews (formerly of Mincom) and Mr Craig Hallway new COO, also formerly of Mincom. Mr Mathews will replace current CEO Mr Laurent Lafarge who will leave his role on the 17th of July. The changes Register for FREE Micro Cap News www.microequities.com.au Tue, 16 Jun 2009 01:35:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=424&news_headline=&action=&lk=0 Micro financier and niche retailer, Cash Converters (ASX:CCV) is cashing on the prevailing gloomy times as the company enjoys an operating renaissance. In a statement issued to the ASX today the company said its loan book had increased from $15.4m at the end 2008 to..…. Register for FREE Micro Cap News www.microequities.com.au Tue, 30 Jun 2009 02:33:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=425&news_headline=&action=&lk=0 Industrial services provider Service Stream Limited (ASX:SSM) has this morning announced a downgrade in EBITDA earnings for FY09 to $30m down from $38m. This is the second time this year that Service Stream has issued an earnings downgrade. In February the company had advised the market that it would not meet its previously stated guidance of $48m. Service Stream’s results have been plagued by Register for FREE Micro Cap News www.microequities.com.au Wed, 08 Jul 2009 02:05:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=426&news_headline=&action=&lk=0 Niche retailer and micro finance firm Cash Converters (ASX:CCV) has raised $5m after issuing 12.5m shares by way of a private placement to institutional investors. The new shares were issued at $0.40 a small 3.6% discount to the previously traded price of $0.42. The company will use the proceeds to.….. Register for FREE Micro Cap News www.microequities.com.au Thu, 09 Jul 2009 02:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=427&news_headline=&action=&lk=0 Mining software developer Runge Limited (ASX:RUL) has this morning informed investors that it is likely to deliver an NPAT of around $7.7m for FY09. The $7.7m is below the prospectus forecasts of $10.3m. The software company sighted a failure to secure a large number of software deals before the year’s end as the main reason behind the profit shortfall. Runge’s Managing director Tony Kinnane stated “Due to .….. Register for FREE Micro Cap News www.microequities.com.au Thu, 16 Jul 2009 03:09:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=428&news_headline=&action=&lk=0 VoIP and data services provider MyNetFone (ASX:MNF) has confirmed that it will report a profit for FY09. After announcing yesterday that the company ended the financial year with 74,000 customers, it clarified today that the company will post a profit of between $100k and $150k on revenues of approximately $10m. Still the company could do with some bolstering of its balance sheet, its half yearly books showed current liabilities exceed current assets by $1.7m. Most of the deficit is due to Register for FREE Micro Cap News www.microequities.com.au Thu, 16 Jul 2009 04:54:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=429&news_headline=&action=&lk=0 Back in March last year, Dark Blue Sea Ltd (ASX:DBS) proudly announced a domain sales agreement with Godaddy.com, a large US based domain distributor. As part of that agreement, Dark Blue Sea issued GoDaddy with 6.5m options at a strike price of 65 cents (roughly the price Dark Blue was trading at the time). This morning Dark Blue Sea announced that .… Register for FREE Micro Cap News www.microequities.com.au Fri, 17 Jul 2009 05:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=430&news_headline=&action=&lk=0 Fibre network operator Amcom Telecommunications Limited (ASX:AMM) today provided upgraded guidance for FY09 of $7.7m which is 35% higher than $5.7m recorded in FY08. This figure does not include the expected additional $5.3m NPAT contribution from.… Register for FREE Micro Cap News www.microequities.com.au Thu, 23 Jul 2009 04:35:45 GMT http://www.microequities.com.au/research_reports/more/?action=1&company_name=web&ticker= Since Microequities initiated coverage on Webjet the share price has risen over 28%. In a new update report published today by Microequities review the FY09 numbers and take a peek into FY10. Is Webjet likely to benefit from the structural change currently being experienced in the travel & leisure sector? How does it compare to its industry peers? What's the current price objective? What are Microequities earnings forecasts for FY10 & FY11? Register for FREE Micro Cap News www.microequities.com.au Wed, 26 Aug 2009 04:37:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=431&news_headline=&action=&lk=0 Microequities Free Update report on QMASTOR (ASX:QML) out today. During FY09 QMASTOR posted a record $1.6m NPAT after its revenue almost doubled to $9.0m. The company is currently undertaking a share purchase plan that aims to raise approximately $3m to help fund QMASTOR's international expansion. Our new free report reviews QMASTOR's operational performance. It provides updated forecasts and takes a look at QMASTOR's growth outlook as it ramps up its investment to attack foreign markets and in particular the challenging but tempting US market. For a free download of this report go to the FREE REPORTS at www.microequities.com.au Register for FREE Micro Cap News www.microequities.com.au Thu, 10 Sep 2009 05:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=432&news_headline=&action=&lk=0 Microequities Free Update report on CLOVER CORPORATION (ASX:CLV) out today. Disciplined cost management in the face of the GFC helped Clover Corporation drive earnings growth in FY09. With the effects of the GFC now subsiding we envisage a more benign operating environment for Clover. The company is set for international expansion, particularly in the underrepresented but large markets of Europe and the US. We see the inventory build up by Clover, as indicative of significant order build up. The report also includes updated FY10 and FY11 forecasts. For a free download of this report go to the FREE REPORTS at www.microequities.com.au Register for FREE Micro Cap News www.microequities.com.au Fri, 11 Sep 2009 05:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=433&news_headline=&action=&lk=0 Pharmaceutical microcap Halcygen (ASX:HGN) has announced it has attained approval to conduct a study in the UK for its SUBA – Itraconazole. SUBA is a purportedly improved generic formulation of the anti-fungal drug Sporanox®. The approval comes Register for FREE Micro Cap News www.microequities.com.au Tue, 13 Oct 2009 05:26:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=434&news_headline=&action=&lk=0 Smelting technology Micro cap Ausmelt Limited (ASX:AET) yesterday announced that it had received an “Indicative non-binding expression of interest” from a third party to acquire Register for FREE Micro Cap News www.microequities.com.au Tue, 20 Oct 2009 00:38:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=435&news_headline=&action=&lk=0 Road signage and equipment supplier Saferoads Holdings (ASX:SRH) gave investors a mixed review this morning at its AGM. Whilst MD Darren Hotchkin recognized the company anticipated a slight revenue Register for FREE Micro Cap News www.microequities.com.au Tue, 20 Oct 2009 03:12:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=436&news_headline=&action=&lk=0 Clover Corporation (CLV:AU) the ASX listed Microcap functional ingredients manufacturer announced yesterday after the market close that the September 29, tsunami in American Samoa will not affect Clover’s operations. Clover Register for FREE Micro Cap News www.microequities.com.au Wed, 21 Oct 2009 00:56:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=437&news_headline=&action=&lk=0 Temporary building solutions supplier Nomad Building (NOD:AU) has this morning surprised the market by revealing it will report a loss of around $1m AUD for the first six months of FY10. Nomad cushioned the announcement by Register for FREE Micro Cap News www.microequities.com.au Wed, 21 Oct 2009 01:24:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=438&news_headline=&action=&lk=0 Smelting technology Microcap Ausmelt Limited (AET:AU) today further updated the market that the non-binding indicative offer it has received on 19th of October is in the range of $0.60-0.70. The offer Register for FREE Micro Cap News www.microequities.com.au Thu, 22 Oct 2009 04:18:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=439&news_headline=&action=&lk=0 Pacific Turbine Brisbane (PTB Group) (PTB:AU) has renewed three operating leases and signed an additional lease on its BAe Jetstream 32 Aircraft to an existing customer. PTB also announced it has signed a five year engine management agreement with a Register for FREE Micro Cap News www.microequities.com.au Fri, 23 Oct 2009 06:10:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=440&news_headline=&action=&lk=0 Troubled toy distributor Funtastic (FUN:AU) has this morning confirmed in a response to the ASX that whilst trading conditions have improved slightly, it still expects to report Register for FREE Micro Cap News www.microequities.com.au Sun, 25 Oct 2009 22:58:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=441&news_headline=&action=&lk=0 The on-line travel booking industry seems to be gaining market share on traditional bricks and mortar travel agents. Following the positive FY10 outlook for Wotif.com Holdings Limited (WTF:AU) at Register for FREE Micro Cap News www.microequities.com.au Wed, 28 Oct 2009 03:09:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=442&news_headline=&action=&lk=0 Nine days is an eternity, or at least it is for some companies. Listed electrical services provider KLM Group (KLM:AU) whose board yesterday agreed to a takeover bid at $0.47 from Programmed Maintenance Services (PRG:AU) , a price below the recent high of $0.48. Only nine days ago, the joint CEO was Register for FREE Micro Cap News www.microequities.com.au Fri, 30 Oct 2009 02:29:45 GMT http://www.microequities.com.au/index.html Manaccom represents a direct play on the Australian online lottery market. Though the company has two different business divisions; Online Lotteries and software distribution, it is the online business that embeds most of the value. Manaccom holds an exclusive 5 year online distribution agent agreement with the NSW Lotteries Corporation and has a distribution agreement with Tatts Group. Whilst both of these agreements expire in 2013, we have for valuation and forecasts purposes assumed a non-renewal scenario. Manaccom generated $5.6m in operating cash flows last year, and has relatively little CAPEX, worth a look? Worth a read. Register for FREE Micro Cap News www.microequities.com.au Wed, 25 Nov 2009 05:11:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=444&news_headline=&action=&lk=0 Mining services provider Essa Group (ESS:AU) has announced a sharp fall in its 1st half revenues. The company expects its first half sales to be 50% below that of last year. Essa is blaming... Register for FREE Micro Cap News www.microequities.com.au Thu, 3 Dec 2009 01:53:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=445&news_headline=&action=&lk=0 Tox Free Solutions Ltd (TOX:AU) today announced that it has received advice of its preferred vendor status for the supply of Industrial waste management services to Rio Tinto’s (RIO:AU) Iron Ore Operations in the... Register for FREE Micro Cap News www.microequities.com.au Sun, 6 Dec 2009 23:40:45 GMT http://www.microequities.com.au/ Free Update report (8 pages) A combination of higher operating costs due to QMASTOR’s international expansion and longer than expected ramp up in sales have lead us to decrease our EPS and DPS forecasts for FY10. Whilst sentiment within the resource sector has improved, increases in CAPEX and IT spending remain contained. We view QMASTOR's push into international markets as positive, however, it will mean that its higher operating cost structure will bring about some pain, until it can leverage its increased scale. New updated forecasts and investment opinion. QMASTOR (ASX:QML) Free Update report (8 pages) Find out about it and lot more! For a free download of this report go to; http://www.microequities.com.au/ Register for FREE Micro Cap News www.microequities.com.au Mon, 7 Dec 2009 03:52:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=446&news_headline=&action=&lk=0 Minerals analysis firm, XRF Scientific Ltd (XRF:AU) told investors today Year on Year for sales were down by around 39%. Whilst XRF believes its consumable sales division which sells chemicals and platinum-ware for mineral sampling purposes are... Register for FREE Micro Cap News www.microequities.com.au Tue, 8 Dec 2009 02:30:45 GMT http://www.investordaily.com/8125.htm The Microequities Deep Value Microcap Fund has achieved a total performance, net of fees, of 88.1 per cent since the fund was launched in March this year. In comparison, an investment in the S&P/ASX Small Ordinaries index would have returned 72.6 per cent over the nine month period to 30 November 2009......... Register for FREE Micro Cap News www.microequities.com.au Wed, 9 Dec 2009 02:09:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=447&news_headline=&action=&lk=0 Ausmelt Ltd (AET:AU) will come out of a trading halt this morning; following the announcement that Finnish metallurgical firm Outotec has acquired a 19.9% stake from Ausmelt’s founder Dr John Floyd at a price of 85 cents per share. However, shareholders . . . Register for FREE Micro Cap News www.microequities.com.au Wed, 9 Dec 2009 22:48:45 GMT http://www.microequities.com.au/research_reports/more/?action=1&company_name=web&ticker= Following our initiating coverage report in April 2009, Webjet shares have climbed 45%, still worth a look? Our update report provides updated FY10-11 forecasts and we take a close look at the latest developments in the Airline and travel industry. Webjet sits at the forefront of a significant structural change within the travel industry. It stands to benefit from the shift to online travel and airline ticket purchases from traditional bricks and mortar travel agents, but is the price too steep? or is it justified based on superior growth prospects? Find out about it and lot more! To download the report instantly go to . . . Register for FREE Micro Cap News www.microequities.com.au Thu, 10 Dec 2009 02:23:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=448&news_headline=&action=&lk=0 Packaging company Colorpak Ltd (CKL:AU) in mid-afternoon Friday announced upgraded first half performance with NPAT expected to be 12% above pcp due to a 6% revenue increase and operational efficiencies. A further less positive announcement was issued after the market close stating that Colorpak has secured a two year renewal with drug manufacturer AstraZeneca. Colorpak also announced that AstraZeneca . . . Register for FREE Micro Cap News www.microequities.com.au Mon, 21 Dec 2009 00:48:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=449&news_headline=&action=&lk=0 Enterprise solutions software provider Prophecy International Holdings Limited (PRO:AU) has this morning confirmed an acquisition previously flagged to the market. Prohecy will acquire 100% of Promadis Pty Ltd for $560k AUD and 900,000 Prophecy shares. Prophecy has also agreed to a 3 year earn out formula with the vendors of Promadis. Promadis owns a . . . Register for FREE Micro Cap News www.microequities.com.au Mon, 21 Dec 2009 01:05:45 GMT http://www.microequities.com.au Clover Corporation’s (ASX:CLV) Four month FY10 update at its recent AGM confirmed the resumption of very strong revenue growth following a GFC led stagnation during FY09. Clover’s growth has been driven by a combination of increased demand in its core Asia Pacific market and increased presence in the large North American markets. Clover’s current share price fails to encapsulate the underlying growth exposure of the company and its medium term outlook. We believe that Clover’s stock warrants a growth rerating to more accurately align the growth exposure of the business for both the short and medium term. Our new free report contains our latest forecasts and provides an operational update. Find out about it and lot more! For a free download of this report go to; http://www.microequities.com.au Register for FREE Micro Cap News www.microequities.com.au Mon, 04 Jan 2010 02:09:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=450&news_headline=&action=&lk=0 Engineering and contracting Microcap, Structural Systems Limited (STS:AU) has today updated the market that it will make a $5.5m NPBT loss on $130m turnover. The number represents a downward revision of approximately...... Register for FREE Micro Cap News www.microequities.com.au Wed, 20 Jan 2010 02:09:45 GMT http://www.microequities.com.au/research_reports/more/?action=1&company_name=sym&ticker= Update report: Symex was one of the steady performers during the GFC, the company has under the leadership of Greg Tremewen redefined its cost structure, paid down a considerable amount of debt and reinstated dividend payments. But what are the company’s medium term prospects? How will the rising AUD affect its operations? Does the company have growth prospects? To read about this and a lot more, download the report (7 pages) at; http://www.microequities.com.au/research_reports/more/?action=1&company_name=sym&ticker= Register for FREE Micro Cap News www.microequities.com.au Fri, 22 Jan 2010 00:43:45 GMT http://www.microequities.com.au/research_reports/more/?action=1&company_name=web&ticker= Despite Webjet's bullish start to the FY10, its shares continue to trade at a 15% discount to its peers, is the discount justified? Management is remaining coy about the outlook for the full FY10 but the momentum suggests a recovery in travel spending, in addition to the medium term theme of a structural shift towards online travel purchasing. The question though remains, is Webjet fully priced? Webjet Ltd (ASX:WEB) Update report (7 pages) Register for FREE Micro Cap News www.microequities.com.au Fri, 05 Feb 2010 02:11:45 GMT http://www.microequities.com.au/info/6/more/?mode=news_details&news_id=451&news_headline=&action=&lk=0 BigAir Group Limited (ASX:BGL) Free Initiating coverage report. FY09 marked a pivotal year for Wireless Telecommunications provider BigAir Group Limited (ASX:BGL). It effectively unwound its legacy Off-net business to focus entirely on its higher margin On-net business. BigAir continues to expand its network rollout, increasing its presence in the Perth, Adelaide and Gold Coast markets. Managements decision to focus on its carrier services was vindicated as the company recorded its first NPAT ($1m AUD) since its listing. Microequities is forecasting double digit EBITDA growth for FY10 on the back of increased demand for its services and an expanded network reach (Queensland, Victoria, NSW and Canberra). BigAir has no financial debt, has $2m in cash (as of 30th June 2009) and is trading at prospective FY10 PER of 7.5X. Microequities has produced a 20 page initiating coverage report with a price objective of $0.21 per share and Strong Buy recommendation. BigAir Group Limited (ASX:BGL) Free Initiating coverage report (20 pages) www.microequities.com.au Register for FREE Micro Cap News www.microequities.com.au Mon, 08 Feb 2010 00:01:45 GMT