Sasol Ltd.

Sasol is engaged in manufacturing and marketing of liquid fuels, gas and chemicals. Co. adds value to coal, oil and gas reserves, using these feedstocks to produce liquid fuels, fuel components and chemicals. Co. mines coal and refines imported crude oil and retails liquid fuel products in South Africa, and produces gas and condensate in Mozambique and oil in Gabon. Co. also supplies fuels to oil companies in South Africa and others in South Africa and sub-Saharan Africa. Co. maintains its chemical manufacturing and marketing operations worldwide. Co. divides its operations into three focused business clusters: South African Energy Cluster, International Energy Cluster and Chemical Cluster.
  • Ticker103M
  • ISINZAE000006896
  • ExchangeJohannesburg Stock Exchange
  • SectorChemicals
  • CountrySouth Africa

An unfavourable environment weighs on SASOL LIMITED, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of SASOL LIMITED (ZA), active in the Integrated Oil & Gas industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date March 24, 2020, the closing price was ZAR 24.26 and its target price was estimated at ZAR 23.05.

Sasol | Slowly settling in

Sasol's (SOL) H1 '20 production update provided additional detail on the explosion and fire that occurred at Lake Charles Chemicals Project's (LCCP) low density polyethylene (LDPE) unit. Although SOL offered no clear guidance on when and how much the repairs to the LDPE unit would be, the Group suggested damage was isolated to smaller LDPE sections, leaving major components unaffected. SOL's commentary was calming in our view, accordingly, we believe the 12.9% YTD decline in the counter's share price is likely unjustified. We upgrade our recommendation to an OUTPERFORM from market perform.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Sasol | Lots of uncertainty but certainly no rights issue

The events of 2019 have seen Sasol lose credibility with shareholders. The USD1.9bn increase in Lake Charles Chemicals Project capex and the USD800m downgrade to FY '20 LCCP EBITDA has led to investors questioning whether SOL requires a rights issue. Whilst the targets SOL set itself at its Nov '17 capital markets day seem a distant memory, we still consider Sasol to be highly cash generative. Under the following circumstances, we do not believe Sasol would require a capital injection;

Sasol | Results aren't in

Sasol (SOL) has delayed the announcement of its FY '19 results by one-month to 19 September 2019. Having assessed the preliminary findings of a review into Lake Charles Chemicals Project (LCCP) mismanagement, the Board has identified “control weaknesses”. In the terms of International Standards on Auditing (ISA), SOL notes the role of external auditors is to assess both the accuracy of financial statements as well as to consider the effectiveness of the Group's internal controls. By reiterating its 25 July 2019 trading statement guidance, SOL is adamant that the accuracy of its financial re...

1 director bought

A director at Sasol Limited bought 3,575 shares at 354.800ZAR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

An unfavourable environment weighs on SASOL LIMITED, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of SASOL LIMITED (ZA), active in the Integrated Oil & Gas industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date March 24, 2020, the closing price was ZAR 24.26 and its target price was estimated at ZAR 23.05.

Sasol | Slowly settling in

Sasol's (SOL) H1 '20 production update provided additional detail on the explosion and fire that occurred at Lake Charles Chemicals Project's (LCCP) low density polyethylene (LDPE) unit. Although SOL offered no clear guidance on when and how much the repairs to the LDPE unit would be, the Group suggested damage was isolated to smaller LDPE sections, leaving major components unaffected. SOL's commentary was calming in our view, accordingly, we believe the 12.9% YTD decline in the counter's share price is likely unjustified. We upgrade our recommendation to an OUTPERFORM from market perform.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior