Company Interview / Big moves ahead for small caps

Chris Stott from 1851 Capital discussed on Elders' (ASX:ELD) recent acquisition amid subdued client sentiment. Elders' (ASX:ELD) plan under CEO Mark Allison appears robust despite results slightly missing expectations. Chris notes the positive potential from the new business acquisition and capital raising.

Regarding Fleet Partners (ASX:FPR), Chris highlights their record $924 million in new business, aided by government EV incentives and strong used car prices. The end-of-lease income, however, starts to decline with market normalisation. Despite this, Fleet's (ASX:FPR) capital management remains strong with a new buyback.

On small caps, Chris asserts that they entered a bull market 13 months ago, rallying over 25%. The outlook remains positive, especially with interest rate cuts potentially favouring small caps. Adairs (ASX:ADH)is cited as an example of resilience due to effective management despite high interest rates.