To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,643.60 points, down 0.19% in the past 5 days.

1. $CSR LIMITED(CSR.AU)$ +23.42%: A$4.30 billion takeover proposal from Saint-Gobain

• CSR rises 23% after it received a non-binding takeover proposal from France's Saint-Gobain for A$4.30 billion, with a bid of A$9.00 per share. The stock closed at $8.38 this Friday.

• The offer allows CSR to pay a final dividend of up to A$0.25 per share for the financial year ending in March, which would then be deducted from the cash offer price.

2. $Reliance Worldwide(RWC.AU)$ +19.50%: positive half-year results and $17.8 mln buyback

Reliance Worldwide reported positive half-year results and declared an on-market share buyback of $17.8 million.

Reliance Worldwide provided positive forecasts and guidance for FY24.Jefferies maintains a "buy" rating on Reliance Worldwide due to its strong operational performance and execution.

3. $VENTIA SERVICES GROUP LIMITED(VNT.AU)$ +16.16%: strong earnings help stock reach a record high

Ventia reported a robust financial results and reached a record high of A$3.87.

• FY NPATA of A$202.1 million, a 12.5% increase from the previous fiscal year.

• FY revenue of A$5,676.4 million, rising by 9.8%.

• Outlook for FY24 is optimistic, with the company anticipating a growth of 7-10% in NPATA compared to FY23.

• A final dividend of 9.41 AU cents per share.

4. $A2 Milk(A2M.AU)$ +16.04%: strong half-year results and upgraded guidance

A2 Milk reported strong half-year results, a 3.7% revenue increase to NZ$812.1 million and a 15.6% rise in net profit after tax to NZ$85.3 million, surpassing expectations.

The company also upgraded FY24 revenue guidance. Management raised its FY24 revenue forecast to low to mid single-digit growth, indicating confidence in future performance.

Investors reacted positively to these results and outlook, driving the significant increase in A2 Milk's share price.

5. $Lovisa Holdings Ltd(LOV.AU)$ +14.39%: profit increase 12%

• The fashion jewelry retailer reported strong financial results, a 12% increase in half-year profit after tax attributable to A$53.5 million.

• An interim dividend of 50 Australian cents per share.