Here's one small-cap the market seems to be consistently ticking up of late.

Distributor of high-tech gear for both retail and commercial sale. Historical P/E of 11 at current price of 87cps. Yield 5.7% plus franking. Was a recovery year after a bad post-listing dip in 2006. Still potential to recover further, but difficult to estimate the extent to which this is likely. Positive outlook for growth at AGM and should be helped by more buoyant Australian domestic economy and exchange rates. General management growth targets are fairly unambitious though, with medium term target of 5-10%pa revenue growth.

I'm ambivalent on this one - though they were quite cheap earlier in the year and gave me a small, profitable trade. But thought maybe they deserved a thread since they're one of the few stocks I'm watching that's in green. At a wild guess, 07/08 NPAT will come in around $3.2m, putting them on a forward P/E of 9 - might be why the market is being kind to them, especially given minimal debt levels.