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sasol (SOL)

Started by nosh , Sep 13 2019 11:12 AM

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299 replies to this topic

#261 Burnt as well

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Posted 08 March 2020 - 07:12 PM

What impact will this oil war have on sasol, will the potential hedging contract protect sasol.... Hopefully these are already signed. Seems like everything is going in the wrong direction for sasol waiting to see what Monday brings.

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Exxon Mobil took a lot of pain on Friday after OPEC meeting. Today Aramco dropped 9% and fell below the IPO price for the first since the listing last year. I expect more pain for Sasol tomorrow

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#262 Investment novice

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Posted 08 March 2020 - 10:22 AM

What impact will this oil war have on sasol, will the potential hedging contract protect sasol.... Hopefully these are already signed. Seems like everything is going in the wrong direction for sasol waiting to see what Monday brings.

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#263 Investment novice

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Posted 06 March 2020 - 11:48 AM

Eish... These capital tructure conversations are very worrisome. All share sens with this only found one trend direction.... God save out funds in the short term.

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#264 Investment novice

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Posted 05 March 2020 - 08:50 PM

And Moody’s downgraded them to junk. More pain for SOL investors....

This is bad we are all somehow affected...

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#265 Burnt as well

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Posted 05 March 2020 - 08:48 PM

Market upset about remuneration policy and payment to senior managers for achievements?????????.
Eish where is this share going... Our poor portfolios getting hammered

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And Moody’s downgraded them to junk. More pain for SOL investors....

Edited by Burnt as well, 05 March 2020 - 08:49 PM.

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#266 Investment novice

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Posted 05 March 2020 - 01:50 PM

Market upset about remuneration policy and payment to senior managers for achievements?????????.
Eish where is this share going... Our poor portfolios getting hammered

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#267 Investment novice

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Posted 05 March 2020 - 07:53 AM

Would we expect a sens in response to class action law suit? According to media this has been filed?

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#268 Burnt as well

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Posted 28 February 2020 - 10:06 AM

Crazy day... Oil price and legal issues... Destroying this share

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Every index, currency, commodity and most shares are getting hammered. US 10yr Treasury at record lows and just broke 1.2%, we are at financial crisis levels in terms of confidence and volatility due to the virus and pandemic fears

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#269 Investment novice

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Posted 28 February 2020 - 09:50 AM

Crazy day... Oil price and legal issues... Destroying this share

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#270 Investment novice

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Posted 27 February 2020 - 08:24 AM

Oil being battered... SASol adrs nyse battered last night due to market potential legal action which seems to be gathering momentum.....

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#271 Investment novice

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Posted 24 February 2020 - 02:00 PM

Share goes to R80 ia doomsday scenario for many employees at sasol and retired.... If that is a scenario will see panick.... Probably we at lowest or r150 if oil at r30.... Worrisome indeed....

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#272 Pilotpilot

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Posted 24 February 2020 - 12:58 PM

R200 support broken. Whats next level. Market also concerned that sasol will be downgraded and debt covenant may be an issue with oil price dropping..... Still at high levels compared to 20 dollars a barrel we saw in 2016/17... With oil pricing pressure this share is extremely volatile to all our detriment

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The current outlook by the market on this share is very bleak, with a projected share price of around R80 in a year's time. It could change but that is what the market is projecting currently. Oil price outlook is downwards too.

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#273 Investment novice

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Posted 24 February 2020 - 11:09 AM

R200 support broken. Whats next level. Market also concerned that sasol will be downgraded and debt covenant may be an issue with oil price dropping..... Still at high levels compared to 20 dollars a barrel we saw in 2016/17... With oil pricing pressure this share is extremely volatile to all our detriment

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#274 soutie

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Posted 24 February 2020 - 08:47 AM

Mr Market too a big stick to it Friday....Insiders getting out & traders loading up the shorts.

If trading patterns anything to go by will be hammered at the start & lets see where support arrives...?

Skipping divi pretty shrewd decision by me.

Think most of the worst is priced in now.

Once Lake Charles is fully operational can begin the slow grind upwards.

Don't forget the Rand hedge quality given R15+ territory ahead of us.

Best for the week.....

Cheers.

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#275 JR7800

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Posted 24 February 2020 - 08:22 AM

Not a good 6 month report - skipping interim dividend - this share should be pummeled today.

Holding for long term, but it is going to be a rough ride.

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#276 Investment novice

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Posted 24 February 2020 - 05:15 AM

Sasol in for a repeat batterring with oil prices dropping.... And investors running for the hills.

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#277 Investment novice

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Posted 22 February 2020 - 12:00 PM

We all hold sasol some how or the other through pension and retirement allocations, units trusts.. Etc.... The nextbfew months are going to be a major dampener on this share.... With oil going the wrong direction ...
Not sure where this share will endup.... Including breaching debt covenants etc...
Long term share............... Who know wherebthis could be inntwenty years of the company survives... .

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#278 Investment novice

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Posted 21 February 2020 - 01:22 PM

True, this is an indicator of sa shares being dumped including oil price fears and a company with massive debt

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#279 soutie

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Posted 21 February 2020 - 12:18 PM

My timing on getting in here is the equivalent of becoming a 1st time parent in your 70's.... :rolleyes:

Sidelines & cold beer/turkey....

Good w/end to all..

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#280 Investment novice

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Posted 21 February 2020 - 09:46 AM

Eish 220 support broken... This chap can track to 210... Hopefully no other corporate bad news... Else this share is going to be pummelled

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