After the bubble burst Sasol has been in a tight range, however if we see a break from the upside we will see price hitting R180, and if we see a break from the downside we will see price hitting R100.
I dont think it will hit R100. I think Sasol will make small moves until Lake Charles deal finalised. Oil prices looking good so generally Sasol will be a long for me
Mashithembe
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Sasol wrote off R112 b in assets , they made a loss of R91 Bil for the year and have R191b in debt ..... They threw everything including the Kitchen sink in ...maybe even the garden and leave left a garden shack......not sure these guy's know where they going ...so i am out ...it cannot be the the company nor the share price it has been so ....how you bring fair value to the table. I am not sure if they are not already trading over fair value for that matter ....
JPHEYNS
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Good upside from here. Lake Charles deal should be done in December. Buy as much Sasol as possible now.
scholtzflip
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Everthing that could possibly go wrong for sasol, did go wrong. Lake Louisiana will haunt them for the rest of their days on earth.
How can you overspend on a product and then be forced to sell it again for much less than your capital expenduture on that project? That is a recipe for disaster. But this is what happens if you overspend and then the market conditions turn against you. Sasol was caught with its pants on its knees.
Stay away from Sasol. Wait for rights issue next year and then do a critical evaluation again.
excitedBear83018
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This is "one" that consistently seem to be doing the exact opposite that it should be doing!