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#1 nosh

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Posted 08 March 2021 - 10:22 AM

https://twitter.com/...3736445952?s=20

 

 

 


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#2 DeltaHedge

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Posted 05 March 2021 - 11:53 AM

Well my 2c turned out to be absolute BS.... :unsure:

Have a great weekend peops...

 

the guys who piled in at 23 bucks, cash flush right about now.


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#3 soutie

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Posted 26 February 2021 - 04:40 PM

Results are out.... some gonna take the money...Futures close out on the horizon where numbers need to be massaged to get further up the fund list.

Agree rights issue is somehow not receiving the attention it did when it was on the table. But yeah some peops taking the spoils of which there's lots.

Will wash through but the wild swings of 8-15% are a thing of the past (I Hope) back to a slow grind higher with currency & oil price blips along the way.

My 2c

Well my 2c turned out to be absolute BS.... :unsure:

Have a great weekend peops...


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#4 Leadingedge

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Posted 26 February 2021 - 11:56 AM

Ouch is all I can say...this week has not ended well.


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#5 Leadingedge

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Posted 24 February 2021 - 10:45 AM

Very healthy recovery today so far, I was starting to get very uncomfortable with sinking so far into the red. Wish KIO would follow on after their stellar trading update yesterday.


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#6 Leadingedge

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Posted 23 February 2021 - 01:10 PM

Not looking good today...wonder if people are panicking ahead of the budget speech tomorrow.


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#7 soutie

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Posted 23 February 2021 - 09:00 AM

Results are out.... some gonna take the money...Futures close out on the horizon where numbers need to be massaged to get further up the fund list.

Agree rights issue is somehow not receiving the attention it did when it was on the table. But yeah some peops taking the spoils of which there's lots.

Will wash through but the wild swings of 8-15% are a thing of the past (I Hope) back to a slow grind higher with currency & oil price blips along the way.

My 2c


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#8 nosh

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Posted 22 February 2021 - 08:53 PM

To my untrained eye it appears as though there is a bit of a resistance level around the R200 mark...I was really hoping it would break through this morning, but no such luck.

 

Maybe there is a delayed response tomorrow, today in general was not a good day for my portfolio.

Think so too - that it was mostly market sentiment that kept it down. Hoping that tomorrow will be a better day. I really doubt that the "no rights issue" was fully priced in.


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#9 Leadingedge

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Posted 22 February 2021 - 06:41 PM

Hmmmmm. Peculiar. No change in price. Come on USA. Wake up and smell the SENS.

 

To my untrained eye it appears as though there is a bit of a resistance level around the R200 mark...I was really hoping it would break through this morning, but no such luck.

 

Maybe there is a delayed response tomorrow, today in general was not a good day for my portfolio.


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#10 new john

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Posted 22 February 2021 - 03:53 PM

Hmmmmm. Peculiar. No change in price. Come on USA. Wake up and smell the SENS.
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#11 soutie

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Posted 22 February 2021 - 08:11 AM

Haven't read the longer version cos me thinks the short form version is more than good enough....& yeah NO rights issue..... ;)


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#12 nosh

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Posted 22 February 2021 - 07:44 AM

NO RIGHTS ISSUE!!!!!!


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#13 JR7800

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Posted 18 February 2021 - 07:42 AM

Oil prices extend gains as Texas cold snap cuts U.S. output - Just passed $65 per barrel

 

Obviously things are currently going in favor of oils (cold in US and Middel East tension yet again).

 

Sasol should be printing money at this stage and hopefully enough to avoid rights issue.

 

Lets hope this one can continue a slow grind up.

 

 


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#14 nosh

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Posted 08 February 2021 - 04:52 PM

Very true...Not wanting to sound glass half empty....The Fracking Shale guys come on stream in the early $70's

My 2c

I see oil in the $53-$65 range for the whole year...

No rights issue announcement in results commentary (but not off the table)

Re-instatement of dividends in time for a final divi financial yr end 2022.

Some guy caught speeding on Chapmans Peak Drive on a exotic imported motorcycle... :D

True the risk is the shale guys , but from what I have been reading , the market wont be flooded by them anytime soon.

https://www.reuters....9a0b100015ca92f
 

"U.S. shale production will not quickly rebound, given the capital required and debt producers are carrying, lending oil prices support, said Rafi Tahmazian, senior portfolio manager at Calgary-based Canoe Financial LP.

North America’s oilfield services sector, which producers rely on to drill new wells, has been decimated, he said.

“They’re decapitated from being able to grow,” Tahmazian said. “The supply side is broken.”

 


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#15 soutie

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Posted 08 February 2021 - 03:39 PM

Brent just went past $60 per barrel.

 

If it keeps going till it hits $70 per barrel Sasol will be printing money and they will go from a rights issue to reinstating their dividend policy.

 

I know its hopeful but how nice will that be for the shareholders????

 

Very true...Not wanting to sound glass half empty....The Fracking Shale guys come on stream in the early $70's

My 2c

I see oil in the $53-$65 range for the whole year...

No rights issue announcement in results commentary (but not off the table)

Re-instatement of dividends in time for a final divi financial yr end 2022.

Some guy caught speeding on Chapmans Peak Drive on a exotic imported motorcycle... :D


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#16 new john

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Posted 08 February 2021 - 01:59 PM

It will be so nice that there’s a spot in my garage with place for a Ducati Monster 1200 with the plates TX SOL
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#17 JR7800

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Posted 08 February 2021 - 01:22 PM

Brent just went past $60 per barrel.

 

If it keeps going till it hits $70 per barrel Sasol will be printing money and they will go from a rights issue to reinstating their dividend policy.

 

I know its hopeful but how nice will that be for the shareholders????


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#18 new john

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Posted 05 February 2021 - 01:36 PM

Soutie. I believed at the time that it was a once in a lifetime buy. Made the decision a lil bit easier.

Question now is. No Rights issue, current price VERY cheap.
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#19 soutie

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Posted 04 February 2021 - 03:54 PM

"Questionable Loans"......Brilliant.... :D  :D  :D

Cat with the cream today....Nicely done John....Took Kahuunaas at the time.


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#20 new john

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Posted 04 February 2021 - 03:24 PM

Cost average of R77 here. I caught the knife whilst it was falling and made some (at the time) questionable “loans” to get in here. Needless to say, by far the top performer of my portfolio currently.

I can concur though, the mental anguish of “shoulda bought more” is real!!!!
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