Here are the key ASX small cap winners and losers at lunch Friday 23 November:

The ASX Small Ords was down 3.4 points or 0.1 per cent to 2,544.1 at 12.25pm AEST.

GOING UP
On Black Friday, the day of discounts, shoe seller Accent Group (ASX:AX1) says it’s partly the fact that they’re not discounting which has sales up.

The company has the rights to popular shoe brands Hype DC, Skechers and D. Martins, and also owns The Athlete Foot sports shoe chain.

It says a strategy dubbed “No Lazy Retailing”, where they have stopped using discounts as a marketing tool, among other efforts means earnings should be 15-20 per cent higher in the first half than the last period last year.

Accent stock was up 18 per cent to $1.30.

China has delayed plans to introduce stringent new ecommerce laws, allowing exporters like AuMake (ASX:AU8) to relax and predict a good 2019 for Chinese sales.

Exporter AuMake says that as a result they’re expecting an increase in buying from ‘diagou’ (which means to buy on behalf of), or people outside China who shop on behalf of a China resident.

AuMake stock was up 10 per cent on Friday morning at 28c.

Shares in Inabox Group (ASX:IAB) rose nine per cent to their highest point in nearly 18 months off the back of news its suitor MNF Group had increased its takeover offer by $1 million.

MNF Group (ASX:MNF) first launched an offer between $30.5 million and $33.5m to acquire Inabox’s wholesale and enablement businesses back in early October. After various conditions were met, the offer worked out at about 80c a share for investors.

But last week fellow telco SB&G Group launched a rival all-cash $21.4 million bid for the company, or 90c a share.

SB&G immediately bought up 19.9 per cent of Inabox and said its offer was more attractive thanks to its simplicity: it is an all-cash offer to directly acquire all shares from existing Inabox shareholders, rather than MNF’s conditional offer.

But this morning MNF increased its offer to $34.5m in cash for Inabox’s subsidiaries.

DigitalX (ASX:DCC) is up eight per cent to 6.5c after it launched a US-based joint venture to enter the STO market — Security Token Offering.

An STO, or a security token offer, is the next evolution of cryptocurrencies.

DigitalX is working with US investment bank AmerX on the joint venture.

Here are the best performing ASX small cap stocks at 12.30pm Friday 23 November:

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ASX codeCompanyToday's price change (12.15pm AEDT)Price Nov 19 (12.15pm )VolumeMarket Cap
BPHBPH Energy100%0.2c250,000$1.2m
LKOLakes Oil100%0.2c11,423,700$30.3m
BLYBoart Longyear50%0.3c4,756,824$52.6m
IMSImpelus33%1.2c3,847,250$5m
AULAustar Gold 33%0.4c1,400,000$10.2m
SBBSunbridge Group27%1.9c1,781,603$7.1m
ANWAus Tin Mining25%2c7,476,911$31.7m
SYTSyntonic22%1.1c1,969,069$25m
RFTRectifier Technologies21%3.5c2,463,554$39.6m
MRQMRG Metals20%0.6c5,800,000$3.3m

 

GOING DOWN

Shares in ITL Health Group (ASX:ITD) halved after it told investors it was de-listing from the ASX.

The company reckons shareholders are “significantly and materially” undervaluing its stock, hence its proposed de-listing.

It hopes to be gone by mid-February.

Here are the worst performing ASX small cap stocks at 12.30pm Friday 23 November:

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ASX codeCompanyToday's price change (12.15pm AEDT)Price Nov 19 (12.15pm )VolumeMarket Cap
ITDITL Health-50%7.5c93,674$12.8m
AHKArk Mines-35%1.5c92,000$1.1m
RMIResource Mining Corp-25%0.9c554,090$3.6m
LCYLegacy Iron Ore-25%0.3c500,000$5.9m
SDVScidev-22%0.7c2,707,311$5.7m
MDIMiddle Island Resources-20%0.4c748,591$3.5m
MATMatsa Resources-19%10.5c238,706$23m
CXZConnexion Media-14%0.6c6,800$5.9m
NWFNewfield Resources-14%12c150,193$81.4m
IVOInvigor Group-14%0.6c1,353,847$10.6m