“This oil price crash has come at the absolute worst time for Sasol,” said Seleho Tsatsi, an analyst at Anchor Capital in Johannesburg. However the cost-cutting, coupled with Sasol’s determination to continue to invest for the long-term, has not stemmed the fall in Sasol’s share price. Sasol Ltd. () Stock Market info Recommendations: Buy or sell Sasol stock? jQuery(document).ready(function () {

function createTweetLink(text, e) { On Friday morning, Sasol shocked the market with an announcement that independent consults found "control weaknesses" at its embattled US project, and that it has to postpone its results. Professional investors think these shares may be bargains, China bars US warships from making port call in Hong Kong as tensions mount amid continued protests, This is how much money South Africa will spend this year on National Health Insurance preparation, VIP protection, scrapping old taxis, and food safety, Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis, Google reportedly has a massive culture problem that's destroying it from the inside, It's not just SA: stocks are sliding due to a 'smorgasbord of risks' across Argentina, Italy, Hong Kong, and Singapore.

jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { You are currently viewing our desktop site, do you want to download our. Thank you for demand-supply, and manipulation point of view. newTweetLink.id = "tweetLink"; What it has not cut is local production (Secunda) and the investment into growth programmes, primarily in Southern Africa (Mozambique and SA) and the US (notably the Lake Charles chemical complex). Falling oil price affects local petrochemical giant and other majors. oldTweetLink.parentNode.removeChild(oldTweetLink); He said some of the large investors in Sasol, including Allan Gray and the Public Investment Corporation [which manages civil servant pensions], must rightly ask the board to take responsibility. “This process makes the company unique and viable, so no we will not sell,” he notes. For Reuben Beelders, portfolio manager at Gryphon Investment Management, the shake-down in the Sasol share price was overdue. Must pick the right individual stocks and Sasol with its expensive inventory in Canad means when the sector grows it might grow, but a sluggish sector means Sasol less likely to grow, it’s not looking like an individual winner, below 300 you might take another look. Inflation can’t have had this drastic effect and the wars in the ME either because there are vast reserves in places like Venezuela and Nigeria. I would not buy Sasol shares though, I’d rather buy some of the shares recommended by EasyStockPicker.co.za.

While the price has inched up since, the shares of Royal Dutch Shell and BP are also at or near five-year lows, while Total and Exxon Mobil are trading at two-year lows. Moody’s said last week that Sasol’s free cash flows over the next two years won’t materially reduce the company’s 138 billion rand ($8.5 billion) of debt, accumulated mostly because of the LCCP. There is no intention to sell the remainder. While Sasol has assumed oil prices staying at $50 to $70 a barrel for its outlook projections, Brent plumeted to as low as $31.02 Monday. Sasol “has a significant U.S. dollar-denominated debt load that it needs to deal with,” Tsatsi said by email.

Since March, the board has had to repeatedly revise estimates of how much the project will end up costing, given large budget overruns. jQuery('html, body').animate({ return undefined; “This animal is changing – it is no longer a solid dividend declaring momentum type stock,” says Legrange. Webster } jQuery(this.parentElement).lightBox({ While the price has inched up since, the … “I’ve never understood the attraction to Sasol. 1, therefore the oil price, in it’s current form is a function of fewer demand and supply factors. This suggests a possible upside of 116.0% from the stock's current price. Still, Körner adds, the share is now looking very cheap and “priced for disaster”. Sasol’s board delayed its annual results by three weeks, to September 19th, when an independent review and external audit has been completed. Just as ignorant and uninformed as your prez!!! Wall Street Stock Market & Finance report, prediction for the future: You'll find the Sasol share forecasts, stock quote and buy / sell signals below.According to present data Sasol's SSL shares and potentially its market environment have been in bearish cycle last 12 months (if exists). The firm engages in the provision of liquid fuels, chemicals, and low-carbon electricity. } Lot of stocks down to give decent gains, if you pick right. if (textParagraph) { function getSelectedText() { “Sasol is a transformative company.” In other words, it is a company that owns a ‘way of doing things’ that could change an industry or product group or services. The oil majors, through their entrenched positions, all earned rich profits over the period, particularly between 2011 and 2014 when the Brent oil price was stable between US$95 and US$125/barrel.
However, relying on the rand is precarious, and goes a little way to explaining why the share has been rangebound since December 2014. Körner says the market, which is already jittery given the legacy of Steinhoff and Tongaat amongst others, seems to be taking the dimmest possible view on what the “control weaknesses” could mean. Cash Flow per Share: 46.32 ... Price * Dividend Yield * 11/20/2020 ... Sasol Ltd. is a holding company. However Sasol is not simply an oil company. Treurnicht expects Sasol is now probably heading towards a “deleveraging cycle”: it will have to cut its dividends, sell assets or issue new shares.

The rand is another factor. }, 500); “Given what we’ve seen over the past four months, many shareholders must be seriously asking themselves if the management is really on top of the situation. “The first two are most likely to happen first - unless the weak global economy sets in and option three also need to be called in.”. } jQuery('img[class*="wp-image-"]').bind('click', function () { This is forcing companies to cost-cut.

The energy company’s borrowing costs have surged. Shares in major global oil companies fell Monday, but the decline in the world’s biggest producer of liquid fuel from coal was more pronounced. if (document.selection.createRange) { All of the oil majors have reduced their head counts and cut back on exploration and new production. return range.text At present oil is low, futures- oil ordered dated 2020 dipped below $50, drowning in supply, lots of headlines about oil and China and really just one writer and speaker saying the same, all saying much the same and nothing about the company. While the most recent management guidance indicated that the project was still expected to deliver a return reasonably above the cost of debt, further overruns could jeopardise this scenario. Peak oil is a subject almost never discussed. Escalating Debt Brawls Add to Headache for Distressed Compan... JPMorgan Calls Turnaround on Turkey as More Borrowers Return, Fuel and chemical producer has oil forecast range of $50-$70, Stock slump adds to Moody’s downgrade, U.S. project overruns. I’d rather invest in BP or Shell at the right time.”, That said, he also notes that markets are exceptionally irrational and emotional. The notes have made a negative return of 3.6% this month, falling far behind the 1.1% gain in the ICE Bank of America Merrill Lynch Emerging Markets Corporate Plus Index.

tweetLink = createTweetLink(getSelectedText(), e); Its share price dropped by 12% in minutes, as the market - scarred by the legacy of Steinhoff and Tongaat - took fright. Their forecasts range from $13.50 to $13.50. Prior to that, in the 80s and 90s, it was rangebound at this level.”. Sasol below 300 would be interesting, at 360 worth holding or maybe making a smallish gain, reasonably safe. “Unless we see a significant recovery in oil prices soon, there is a high likelihood for Sasol to take measures to address its balance sheet.”, — With assistance by Colleen Goko, and Filipe Pacheco. Why aren't we getting better at preventing cyber attacks. Coupled with strong oil production from the US and Russia, the determining factor in November 2014, was OPEC’s decision to protect market share by maintaining and actually surpassing their output quota levels. Sasol shed almost R20 billion of its market value within fifteen minutes on Friday morning, after the company postponed the release of its results in a cryptic announcement. });

It also suspended the progressive nature of its dividend policy. Only a communist views profits as “unfair” while they happily enjoy the taxes these capitalists pay on these profits. Increase in Covid-19 infections curbs leisure travel to South Africa, barring visits of three months or more. So actually, especially with Iran coming on stream, 15-30 dollars should be the new normal?
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Largely due to point no. “With two plants at the LCC already in production, I do not expect that the project will destroy the South African business.”. While Sasol has assumed oil prices staying at $50 to $70 a barrel for its outlook projections, Brent plumeted to as low as $31.02 Monday. } This coupled with falling economic demand has seen the oil price fall more than 60% since July 2014. 6 Wall Street analysts have issued twelve-month price objectives for Sasol's stock. EU’s Social Bonds Draw $275 Billion to Set Global Demand Rec... Gold Swings as U.S.

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