Sasol. The one that got away for many. It partially got away for me. After a massive effort from management to cut costs and sell off assets, aided by a stronger oil price and generally better economic circumstances, Sasol confirmed today that it will not need to tap shareholders for more money in a rights issue. A rights issue is …
View PostHave you ever read a results announcement and wondered how revenue can grow by perhaps 7%, yet profit before tax somehow grows by 20%? It seems like an innocuous question, yet the answer holds the key to why many companies are successful and others fail. Top-line growth (i.e. revenue growth) is obviously important, but as revenue growth starts to reach …
View PostHave you ever read a results announcement and wondered how revenue can grow by perhaps 7%, yet profit before tax somehow grows by 20%? It seems like an innocuous question, yet the answer holds the key to why many companies are successful and others fail. Top-line growth (i.e. revenue growth) is obviously important, but as revenue growth starts to reach …
View PostFinancial jargon can be so frustrating. It’s one thing talking about the basics of investment analysis etc. but as things get more complicated, you just have to know some of the jargon. Here’s some jargon to get you started: Big balance sheet A balance sheet is simply a statement of all assets and liabilities of a company. You have a …
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