Many of the companies listed in the ALL ORDINARIES Index ended down today, although a number of small-cap businesses significantly outperformed.
Here's why these four businesses rose today:
Spotless Group Holdings Ltd (ASX: SPO) rose 4.5% to $1.15 as management worked to allay investor fears that the company would turn into the next Dick Smith Holdings Ltd (ASX: DSH). Fairfax Media reported company management as stating that the integration issues mentioned in the recent profit downgrade had resulted in a lot of overtime payments to staff in order to keep up with demand.
Some brokers have gone on record as saying the company is trading at bargain levels, which could present an interesting opportunity for savvy investors.
Rent.com.au Ltd's (ASX: RNT) share price rose 11% to $0.40 on no news today as investors continue to struggle with putting a valuation on the stock. Shares recently traded as high as 57 cents before declining in the lead-up to and aftermath of a highly positive update. Rent.com.au recently announced its second successive month of having more than 500,000 unique visitors to its site, although November visits were down slightly on October.
Management hinted a further 25% decline in views might be expected in December as a result of the Christmas season, although the outlook for 2016 is bright. As a prospective contender to REA Group Limited (ASX: REA), Rent.com.au is definitely worth a closer look.
Mint Payments Ltd (ASX: MNW) skyrocketed a massive 87% to $0.125 as the company announced a new deal with an international payments provider listed on the New York Stock Exchange. The deal will see Mint taking a small slice of every transaction conducted with its technology, and should contribute to already skyrocketing sales.
Mint remains unprofitable, but could be an interesting speculative purchase for a risk-tolerant investor.
Unlike several other miners today, shares in Arrium Ltd (ASX: ARI) rose 8% to $0.067, recovering some of the ground lost recently when the company was kicked out of the S&P/ASX 200. Although price rises are always a good thing, they don't reflect the future on offer to Arrium shareholders, which looks bleak.
The group is struggling against low steel and iron ore prices as well as a mountain of debt. I would not consider buying Arrium shares today.
