To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,068.80 points, down 2.89% in the past 5 days.

During the last 5 trading days,  $NRW HOLDINGS LTD(NWH.AU)$ was up 10.43%; $RAMELIUS RESOURCES LTD(RMS.AU)$ added 7.25%; $Costa Group Holdings Ltd(CGC.AU)$ was up 5.10%; $Data#3(DTL.AU)$ rose 4.11%; and $Link Administration Holdings Ltd(LNK.AU)$ increased 3.58%.

1. $NRW HOLDINGS LTD(NWH.AU)$ added 10%: the company offered positive guidnace

NRW Holdings Limited, through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia.

NRW Holdings share price rose 10% this week.

The company confirmed its revenue and earnings guidance for the fiscal year 2024 in August. The company reported an unaudited earnings before interest, tax, and amortisation (EBITA) of $157 million, which is above its previous guidance range of $150-$155 million. This may have boosted investor confidence and demand for the stock.

2. $RAMELIUS RESOURCES LTD(RMS.AU)$ one step closer to expand gold operations in WA

RMS stock rises due to the successful acquisition of $Musgrave Minerals Ltd(MGV.AU)$ , securing the promising Cue gold project with a mineral resource of 927,000 ounces of gold.

The acquisition follows a consolidation trend in the Murchison region of Western Australia.

Additionally, RMS reported a 28% increase in mineral resources at its Penny gold mine, now totaling 320,000 ounces of gold. These positive developments drive investor confidence, leading to a rise in RMS stock.

3. $Costa Group Holdings Ltd(CGC.AU)$ accepted lowered acquisition deal at A$1.5 bln

Costa Group Holdings Limited produces, packs, and markets fruits and vegetables to food retailers.

Costa Group Holdings has agreed to be acquired by a consortium led by private equity firm Paine Schwartz Partners.

The deal values Costa Group's equity at A$1.5 billion and has an enterprise value of about A$2.5 billion.

Under the agreement, Costa shareholders will receive A$3.20 per share for the remaining 85.16% stake that Paine Schwartz does not already own.

This follows a previous offer of A$3.50 per share in July, which was later reduced, with Costa's board unanimously recommending shareholder approval of the deal.

 4. $Data#3(DTL.AU)$:strong FY2023 results with revenue surpassing $2.5 billion

Data#3 Limited engages in the provision of information technology (IT) solutions and services in Australia, Fiji, and the Pacific Islands.

Data#3 reported robust financial results for FY2023:

• Revenue exceeded $2.5 billion, up by 16.9% YoY, driven by multi-cloud and cloud storage sales.

• Net profit before tax grew 20.7% to $53.2 million, with net profit after tax reaching $37 million.

• Services saw strong growth, with consulting services up 25% and managed services up 31.1%.

 Data#3 achieved Microsoft Expert Azure Managed Services Provider accreditation.

The company is exploring AI-driven solutions and noted growing demand for its services. In the previous fiscal year, Data#3 reported revenue of $2.2 billion, driven by public cloud revenue.

 5. $Link Administration Holdings Ltd(LNK.AU)$ continues strong momentum last week

Link Administration Holdings Limited provides technology-enabled administration solutions for companies, large asset owners, and trustees worldwide.

There are no price-sensitive news about $Link Administration Holdings Ltd(LNK.AU)$ although the company ranks the top 5 stocks for 2 consecutive weeks.

There are two updates from the company

• UK and Ireland Divestment:

The transaction to sell the UK and Ireland business to Waystone Group remains on track and is expected to be completed in October 2023.

• Link Fund Solutions Ltd. (LFSL) Scheme:

A practice statement letter has been issued to notify WEIF (Woodford Equity Income Fund) investors about the formal launch of the scheme.