Ramelius Resources
Ramelius Resources solid 1HFY24 earnings, NPAT for 1HFY24 of A$41m. The result was solid with a slight beat in underlying EBITDA. RMS retained its recently upgraded FY24 guidance.

Ramelius Resources solid 1HFY24 earnings, NPAT for 1HFY24 of A$41m. The result was solid with a slight beat in underlying EBITDA. RMS retained its recently upgraded FY24 guidance.
Iluka Resources reported 2023 underlying EBITDA of $609mn & NPAT of $343mn, a strong beat vs consensus.
An update was provided on the mineral sands market, major projects including the rare earth refinery, and 2024 guidance. The zircon market is showing signs of further improvement, with ILU’s contracted zircon sand sales in 1Q24 now up nearly 100% to ~45kt.
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Investors will closely watch the results of artificial intelligence darling Nvidia, which is due to report on Wednesday.
Data center related product revenues make up 80.1% of the overall revenue mix. NVIDIA is trading at near-peak market capitalization levels at $1.8 trillion. However, its 1-yr fwd PE levels are near 5-yr trough levels at 36.8x.
NVIDIA’s has 2 key product segments: Graphics; which primarily relates to graphics processing units (GPU)s used in gaming, and PCs Compute & Networking; which includes chips used for high performance computing in data center, networking, automotive, robotics and also special-purpose cryptocurrency mining uses.
The key growth driver for the company right now is in the Compute & Networking segment, which has seen an explosion in growth:
Pro Medicus is among the best growth companies on the ASX.
Revenue from contracts with customers for the 6-month period increased from $56.89m to $74.11m, an increase of 30.3%.
The Company reported a first-half after-tax profit of $36.25m, an increase of $9.06m (up 33.3%) compared to the same period last year
Karoon Energy has the correct trade setup and the stop loss will go at at the higher low formation.
BlueScope Steel announced underlying EBIT of $718m in 1H FY24, (beat consensus), and at the top end of guidance of $660m.
Bellevue Gold is up 10.10% after an 11-day holding period.
Tuesday, February 20 – Walmart, Home Depot, Caesars Entertainment, Palo Alto Networks, and Medtronic.
Wednesday, February 21 – Analog Devices, Nvidia, Etsy, Rio Tinto, Marathon Oil, Rivian Automotive, and Lucid Group.
Thursday, February 22 – PG&E, Dominion Energy, Moderna, Intuit, Booking Holdings, Wayfair, and Carvana.
Friday, February 23 – Warner Bros. Discovery, Bloomin’ Brands, and Ameren.
TEAM:NAS is under Algo Engine buy conditions.
First Quarter Fiscal Year 2024 Financial Highlights:
On a GAAP basis, Atlassian reported:
Financial Targets:
Atlassian is providing the following financial targets that do not include any impact from the Loom acquisition, which is
expected to close in the third quarter of its fiscal year 2024, subject to customary closing conditions and required
regulatory approval:
Second Quarter Fiscal Year 2024:
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