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
103M SASOL LTD. (Chemicals)

With a more favourable environment, SASOL improves to Slightly Positiv...

SASOL (ZA), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 14, 2021, the closing price was ZAR 235.20 and its potential was estimated at ZAR 289.67.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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;

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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 financia...

Joe Gemino
  • Joe Gemino
103M SASOL LTD. (Chemicals)

Sasol Provides Full-Year Production Update

No-moat Sasol provided an update on its full-year fiscal 2019 production metrics that included relatively stable liquids production. For the full year ended June 30, Sasol produced 1,470 thousand barrels of crude oil and condensate a day compared with 1,469 mboe/d in the year-ago period. However, declines continued with the company’s natural gas production, down 4% to 130.3 billion cubic feet compared with the period ended June 30, 2018. Sasol also reported flat refined products of 31.4 mmboe/d ...

103M SASOL LTD. (Chemicals)

With a more favourable environment, SASOL improves to Slightly Positiv...

SASOL (ZA), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 14, 2021, the closing price was ZAR 235.20 and its potential was estimated at ZAR 289.67.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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;

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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 financia...

Joe Gemino
  • Joe Gemino
103M SASOL LTD. (Chemicals)

Sasol Provides Full-Year Production Update

No-moat Sasol provided an update on its full-year fiscal 2019 production metrics that included relatively stable liquids production. For the full year ended June 30, Sasol produced 1,470 thousand barrels of crude oil and condensate a day compared with 1,469 mboe/d in the year-ago period. However, declines continued with the company’s natural gas production, down 4% to 130.3 billion cubic feet compared with the period ended June 30, 2018. Sasol also reported flat refined products of 31.4 mmboe/d ...

103M SASOL LTD. (Chemicals)

With a more favourable environment, SASOL improves to Slightly Positiv...

SASOL (ZA), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 14, 2021, the closing price was ZAR 235.20 and its potential was estimated at ZAR 289.67.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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;

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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 financia...

Joe Gemino
  • Joe Gemino
103M SASOL LTD. (Chemicals)

Sasol Provides Full-Year Production Update

No-moat Sasol provided an update on its full-year fiscal 2019 production metrics that included relatively stable liquids production. For the full year ended June 30, Sasol produced 1,470 thousand barrels of crude oil and condensate a day compared with 1,469 mboe/d in the year-ago period. However, declines continued with the company’s natural gas production, down 4% to 130.3 billion cubic feet compared with the period ended June 30, 2018. Sasol also reported flat refined products of 31.4 mmboe/d ...

103M SASOL LTD. (Chemicals)

With a more favourable environment, SASOL improves to Slightly Positiv...

SASOL (ZA), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 14, 2021, the closing price was ZAR 235.20 and its potential was estimated at ZAR 289.67.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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.

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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;

Wade Napier
  • Wade Napier
103M SASOL LTD. (Chemicals)

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 financia...

Joe Gemino
  • Joe Gemino
103M SASOL LTD. (Chemicals)

Sasol Provides Full-Year Production Update

No-moat Sasol provided an update on its full-year fiscal 2019 production metrics that included relatively stable liquids production. For the full year ended June 30, Sasol produced 1,470 thousand barrels of crude oil and condensate a day compared with 1,469 mboe/d in the year-ago period. However, declines continued with the company’s natural gas production, down 4% to 130.3 billion cubic feet compared with the period ended June 30, 2018. Sasol also reported flat refined products of 31.4 mmboe/d ...

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