I 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 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 PostStock market investing / trading / speculating – all these concepts involve the purchase of shares, but the intentions and strategies vary enormously. The stock market has become appealing to thousands of new investors over the lockdown period. This is great news, because it means more people are recognizing the value of taking control of their financial futures. My worry …
View PostWe should be thanking our lucky stars every day that South Africa’s fortunes aren’t dependent on the oil price. Countries like Saudi Arabia, Kuwait and Iraq are enormously dependent on oil. Saudi Arabia’s petroleum sector accounts for over 40% of GDP. Closer to home, countries like Angola and to a lesser extent Nigeria also count the oil price among their …
View PostIn a sea of red share price movements, Sasol has stood out over the past couple of weeks as a turd that even the COVID-19 toilet paper hoarders would struggle to get rid of. Nonetheless, it’s a turd that many financial professionals are buying up at the moment. The reason is pretty simple – if it recovers, it has the …
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