Budget brings small cap winners and losers

Initiatives in the budget are good for some small caps … but others will lose out.

There would have been more than a handful of small cap chief executives who stayed up last night to mull over the federal government’s budget.

You might not have suspected this given that the sharemarket has typically greeted budget week with little more than a yawn, thanks to selective leaks, with the average return on the ASX All Ordinaries hovering close to zero over the past decade.

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