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#1 Midas1

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Posted 24 May 2019 - 12:52 PM

Im sitting with sasol equities down about 10 percent..sold half of them couplemonths ago...nothing i can do with remainder except wait...oh well
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#2 soutie

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Posted 24 May 2019 - 09:39 AM

Holding off here could be advisable given the size of the project...Waiting to see if /when all aspects of the plant are up & running as per design.

These mega projects nearly always have teething troubles & I don't want to compare apples & rocks but Medupi is experiencing exactly the same issues ie..design flaws & poor management oversight consequently substantial cost over runs. It may seem a bargain now but in my experience this will get cheaper. Look at some of the numbers first is all I'm saying Lake Charles is nearly 60% of their market cap if something else goes wrong debt covenants are going to be mentioned & the shorter brigade will pounce. & how long have they sat on this....?

My 2c....


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#3 _rookie_

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Posted 24 May 2019 - 09:29 AM

Thank you Snippit, will be watching this one. Opportunity during despair. 


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#4 Snippit

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Posted 23 May 2019 - 05:35 PM

JSE, Sasol, SOL (Weekly)
This weekly chart of Sasol displays the Cycle C1 or I. Unless the price action is prevented from finding a lower low it will appear that Cycle wave C2 or II is still active. Targets for II are indicated. 
The previous projection for WTI is linked here: WTI Futures, Crude Oil ($US/bbl)

 

https://jsecharts.bl...sol-weekly.html

 

sol-230519.png

 

adepto praeunctus


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#5 Midas1

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Posted 23 May 2019 - 04:47 PM

Also brent hone for loop at moment not helping
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#6 _rookie_

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Posted 23 May 2019 - 04:09 PM

SOL getting punished, when the dust settles this could be a buy again for the long run. Still a good company. Markets getting hammered here in late May. Sell in May and go away.


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#7 CrescoRSA

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Posted 22 June 2017 - 10:42 AM

Share always seems to bounce from these levels...reckon that could happen this time round? The oil price has come off sharply as of late, and the ZAR seems to take political noise seriously for a week or so, then gets back to its strengthening path.

Looking to take a punt at these levels now, but for some reason, IMO, I think it could creep lower. Under R350?

Any input on the Oil Price in general? At this rate, it looks like there's a better chance of it reaching $40 than back up to $60

Now that the ZAR back on its strenthening path...and Oil getting closer to $40
This is the time when I hate the market haha Want to add to my position at these levels. But the Oil dropping and ZAR strengthening. This one should surely be dropping to R300 levels, if not lower imo


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#8 CrescoRSA

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Posted 21 June 2017 - 07:27 AM

Amazon has a PE of 186. For today 2.1 Million shares have traded thus far, do you think those people care about PE Ratios?

Yeah - The PE is irrelevant of back then, and even now.

If you're a trader, its a good one to get in and out of to make a little money, as its pretty much been doing the same thing for some time now. I don't have time for that, I buy to hold long term. I have a very small handful, which I got the first time around it hit R360. Looking to get some more, but my personal opinion is that this one should be hitting between R300 - R320 

But yes, this is the market we talking about - There is no manual  :P


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#9 SnoopDD

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Posted 20 June 2017 - 05:14 PM

Why wouldn't it?

 

Amazon has a PE of 186. For today 2.1 Million shares have traded thus far, do you think those people care about PE Ratios?


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#10 carlosthejackal

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Posted 20 June 2017 - 04:54 PM

Why would that matter?

Why wouldn't it?


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#11 CrescoRSA

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Posted 20 June 2017 - 04:44 PM

SOL in 2009 R252/Share

My point exactly!! 


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#12 SnoopDD

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Posted 20 June 2017 - 04:34 PM

Any idea what the PE was in 2009?

 

Why would that matter?


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#13 carlosthejackal

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Posted 20 June 2017 - 04:26 PM

SOL in 2009 R252/Share

 

Any idea what the PE was in 2009?


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#14 SnoopDD

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Posted 20 June 2017 - 03:21 PM

SOL in 2009 R252/Share

 

 

Attached Files

  • Attached File  SOL.jpg   232.21KB   19 downloads

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live long & prosper


#15 SnoopDD

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Posted 20 June 2017 - 03:19 PM

WTI is hitting 2009 levels

 

 

Attached Files

  • Attached File  WTI.jpg   226.77KB   17 downloads

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#16 Spree

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Posted 20 June 2017 - 03:02 PM

Also eyeing Sasol at these levels. Missed the boat a few times previously (sometimes by just a few cents on the bid, trying to get the lowest bid!😢). However, I agree with you, It could easily drop below R350.
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#17 CrescoRSA

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Posted 20 June 2017 - 02:19 PM

Share always seems to bounce from these levels...reckon that could happen this time round? The oil price has come off sharply as of late, and the ZAR seems to take political noise seriously for a week or so, then gets back to its strengthening path.

Looking to take a punt at these levels now, but for some reason, IMO, I think it could creep lower. Under R350?

Any input on the Oil Price in general? At this rate, it looks like there's a better chance of it reaching $40 than back up to $60


Edited by CrescoRSA, 20 June 2017 - 02:20 PM.

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#18 PlatinumWealth.co.za

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Posted 30 March 2017 - 05:27 PM

Daily Analysis

https://platinumweal...analysis-sasol/


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#19 Sugafoot

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Posted 02 February 2015 - 07:41 AM

I'd avoid for now. Ppl thought R400 was a great entry point. But it went below that.<br />I think the death of the Saudi crown prince affected the price positively. But the Saudi need domination and they don't mind having the price even lower - it's the only way to force out the small-timers. <br />If you do go for it, take a small punt.
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#20 Midlands_lass

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Posted 01 February 2015 - 09:09 PM

Hi there

Any thoughts on SASOL as a recovery punt now with the 8% surge in oil price on Friday ?

Thanks

Ashley

 


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