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 PostI decided it was time to take another look at Sasol and share my views on how I’m thinking about this going forward. As regular readers will know, I took a sizable punt at Sasol in April. It was a rollercoaster ride initially, but the share price has unfortunately settled into a downward trend as equities markets have cooled off …
View PostAfrican Rainbow Capital (ARC) Investments was “pleased to advise shareholders” that the board resolved to undertake a rights offer. That means they will tap into shareholders for another R750 million, which I’m sure shareholders can’t wait to give them after the ARC share price has dropped nearly 70% since listing. I’ll bet the board was pleased. So is anyone else …
View PostSasol is up 600% since the share price collapsed in March. It’s down 11% over the past two days. This gives an idea of how nervous investors are about the company after the latest financial results were released. Sasol is my single largest exposure in my portfolio. That’s not because I bet the farm on the stock, but because I …
View PostSasol released a trading statement today that used the word “impairment” many times. That isn’t usually good news for shareholders, but Sasol was up over 4% regardless. Let’s unpack how that might be possible. What is an impairment? An impairment is an accounting entry that recognises a drop in the value of an asset. Auditors place a lot of focus …
View PostCity Lodge has had a shocking year, which came to a head this week amid a flurry of market activity and shareholder shock. Lockdown has crushed the business. Forced to close for months on end, the hotel industry is reeling. Despite being a respected, JSE-listed company, City Lodge is on its knees. the_ad id=”3223″ It’s a financial catastrophe Everyone knew …
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