299 replies to this topic

[Investment novice]

It's just gettingnworse for sasol.. Everything is lines the opposite... Apart from unstable oil... The Rand has dropped significantly... Rights issue now falls short and would need to be increasedmmfurtherndilution...probkems just get bigger... Could this actually go to r10°°. Seems likely

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[Lionelza1]

Some resistance on the R30 level.... Doubt that will last for long

[Investment novice]

Oil not relent ing.. Could we look at 10 usd... Read some articles... Due to less consumption??

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[soutie]

Must have been some HUGE margin calls once it went through R35 this morning....16+mil Huge volume today & big vote of no confidence.

Alas tomorrow's another day..

[soutie]

LOL. Actually tragic how much this has essentially wiped off of the JSE and pensions. Spare a thought for those who thought they were getting a bargain at R50. 

 

Paul Theron has a funny twist to this. "WTF? I keep getting calls from people who want to buy Sasol shares. I'd rather put my d*** in a crocodile's mouth.."

 

David Shapiro commented last week...."at one point in time Sasol was 5% of the entire JSE"

 

People's pensions are going to take a hit from this mucho worse than some Flu strain....!

[Lionelza1]

Unreal, share is up 5% now..Crazy..

 

big jump from R24 up to R42....down again to R32.....ai very volatile....will see what happens tomorrow....really want to jump in but eish....looks like another steinhoff pump and dump.....just cant tell how the market is going on this

[Spell Jammer]

Unreal, share is up 5% now..Crazy..

[Spell Jammer]

I would not touch this share at all for now. At the current price a rights issue will dilute the shits out of existing shareholders. And watch out for shareholder claims coming. 93% down in just a few weeks. 

Yeah, huge class action loading apparently. Sad. Really admired this company for many years. Honestly hope they can turn it around, just don't have big enough balls to risk it.

[andi222]

LOL. Actually tragic how much this has essentially wiped off of the JSE and pensions. Spare a thought for those who thought they were getting a bargain at R50. 

 

Paul Theron has a funny twist to this. "WTF? I keep getting calls from people who want to buy Sasol shares. I'd rather put my d*** in a crocodile's mouth.."

 

I would not touch this share at all for now. At the current price a rights issue will dilute the shits out of existing shareholders. And watch out for shareholder claims coming. 93% down in just a few weeks. 

[Queen B]

Yes its a blood bath out there peeps

I got some at R35.00 yesterday and thought I was making a smart move

Had to offload them at R30.00 this morning when the carnage began again

Might get back in when it reaches R10.00

[Spell Jammer]

Value destruction here is nothing like I've witnessed before. The drop was so severe & quick I myself didn't believe what was unfolding. Personally I've put them in the bottom drawer as what's left of what I started with isn't worth selling.

Gone from a 3yr outlook to leaving them to my grandkids....Well the one's I don't like so much....

LOL. Actually tragic how much this has essentially wiped off of the JSE and pensions. Spare a thought for those who thought they were getting a bargain at R50. 

 

Paul Theron has a funny twist to this. "WTF? I keep getting calls from people who want to buy Sasol shares. I'd rather put my d*** in a crocodile's mouth.."

[soutie]

Value destruction here is nothing like I've witnessed before. The drop was so severe & quick I myself didn't believe what was unfolding. Personally I've put them in the bottom drawer as what's left of what I started with isn't worth selling.

Gone from a 3yr outlook to leaving them to my grandkids....Well the one's I don't like so much....

Edited by soutie, 18 March 2020 - 02:12 PM.

[Spell Jammer]

What are the predictions as to where this share is heading? Scary that many of the leading analysts seem to think that its doomed for now?

[Lionelza1]

Goodness. Oil down 6%°°°°°° heading to 20 usd....... Would we see sasol go to the toilet....

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markets cashing out...ppl using monies to buy toilet paper haha....yea sasol no go zone

[Investment novice]

Goodness. Oil down 6%°°°°°° heading to 20 usd....... Would we see sasol go to the toilet....

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[Investment novice]

Will you subscribe for rights offer when you expect a share holder claim to erode any potential value, and where the entity has not hedged oil for 9 more months



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[Investment novice]

Oh no.. Most of our pension funds have sasol

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[andi222]

Watch out for the shareholder claims comming for loosing 90% in value 😅

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[Investment novice]

Management screwed us by announcing stability at 33 usd... As oil price falls.. Ina ddition to rights offer and dilution.... Any analyst here with a calculated value?? Or impact based on today's crazy world...????

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[andi222]

I think it will drop further. They are desperate fro cash. 6 billion dollar lol.

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