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Sasol Limited (SSL)

NYSE - NYSE Delayed price. Currency in USD
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24.75+0.89 (+3.73%)
At close: 04:00PM EDT
25.07 +0.32 (+1.29%)
After hours: 06:20PM EDT
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  • H
    Hardcider65
    all systems go for a May ride up...stories of not enough gas, diesel, and other oil based things...I mean its gonna hurt at the pump and everywhere else but hey SSL should be heading to $30
  • y
    yorkmustang
    Gas continues to rise in my area and SSL continues to drop. Understanding they are more than oil exporation company, thought they would maintain share price. Been holding shares since 3/2020.
  • L
    Leon
    this stock trades strange. fluctuating way more than my other oil stocks especially before and after hours.
  • H
    Hardcider65
    Not a thing wrong with SSL. It’s Fed driven normalization. Imo ain’t touching anything until we see another -1000 shaved off S&P.
  • D
    Daniel
    Goldman upgrades SSL to buy, 20% pt above current price
  • m
    momeyer
    I don’t know what I would do without the help of (http://the-alphatrader.com/). Their watchlists are so well researched and help me make the best possible picks when it comes to investing. Not only do they save me time, but their advice has shown to be tried and true!
  • B
    Brad
    The Yahoo 1-yr target estimate was recently revised from $23.70 to $28.72. Not sure how much faith I have in it, but still encouraging!
  • B
    BRENT
    SSL doing good. But still no dividend has been paid yet !
  • Y
    Yahoo Finance Insights
    SSL reached a 52 Week high at 24.07
  • N
    Nicolás
    this is too quiet, are you there hardcider? any thoughts? cheers!
  • O
    Omega3man
    Does Sasol have a GTL plant? I remember them talking about one years ago in US. Gulf coast area? Anyone?
  • R
    Renae
    For those who are new, Sasol is undervalued. The decline in stock value prior to the Coronavirus was due to the LCCP project went over budget in Q4 of 2019, they had a fire at the ethoxylates unit in Jan., then unexpected the price of oil dropped to less than $35 a barrel, and Sasol wasn't hedged. The drop in oil, the LCCP project cost overrun, and fire in Jan. all happened just a couple months prior to the Coronivirus where oil prices took a nose dive. They had to restrict production in South Africa due to the excess of fuel caused by the Coronavirus. All this said, Sasol is still generating profits. They took actions several years prior seeking to diversify away from fossil fuels and into the chemicals market. Their future is an intergrated chemicals industry. The LCCP project is 99% finished. The last unit is starting up in June. June or early July is when you should expect to see this stock jump. Currently we will see days like these where the price drops. However, it will not be long before the market notices that Sasol is severely undervalued. In the next couple years, this stock will return to $22+ a share.

    Sasol's business plan is below for managing their debt during this crisis.

    https://www.sasol.com/sites/default/files/content/files/March%202020%20Market%20update%20presentation.pdf
  • b
    br549
    #$%$ it's up then its down. make your mind up for craps sake
  • O
    Oscar
    MEDIA CENTRE
    SASOL DELIVERED A STRONG SET OF RESULTS FOR THE YEAR ENDED 30 JUNE 2021

    Date: 
    16 August 2021
    Sasol delivered a strong set of results for the year ended 30 June 2021. Our earnings before interest and tax (EBIT) of R16,6 billion increased by more than 100% compared to the prior year. This performance was underpinned by a strong cost, working capital and capital expenditure performance, despite the continued impact of the COVID-19 pandemic and adverse weather events.
    A notable gross margin recovery was recorded in the second half of the financial year, supported by the combined impact of higher Brent crude oil and chemicals prices, offset by a stronger rand/US dollar exchange rate.
    Our earnings were mainly impacted by the following non-cash adjustments the net of which amounted to R15,4 billion:
    • Net impairments of R28,7 billion mainly due to adjustments to our long-term exchange rate outlook and higher cost to procure gas over the longer term;
    • Net profit on disposal of businesses of R2,2 billion, including the Air Separation Units;
    • R3,4 billion gain on the realisation of the foreign currency translation reserve (FCTR), mainly on the divestment of a 50% interest in the LCCP Base Chemicals business;
    • Gains of R5,5 billion on the translation of monetary assets and liabilities due to a 18% strengthening of the closing rand/US dollar exchange rate compared to June 2020; and
    • Gains of R2,3 billion on the valuation of financial instruments and derivative contracts.
    Key metrics
    2021
    2020
    Change %
     
    Restated
     
    EBIT/(LBIT) (R million)
    16 619
    (111 926)
    >100
    Adjusted EBITDA1 (R million)
    48 420
    34 976
    38
    Headline earnings/(loss) (R million)
    24 503
    (7 106)
    >100
    Basic earnings/(loss) per share (Rand)
    14,57
    (148,49)
    >100
    Headline earnings/(loss) per share (Rand)
    39,53
    (11,50)
    >100
    Core headline earnings per share2 (Rand)
    27,74
    15,08
    84
    Dividend per share (Rand)
  • T
    TLRY
    A comparable company in the U.S innospec has a stock price over $70. How can a company who produces a net income of 80 million dollar per year with 2,000 employees have a stock price 20x of Sasol. While Sasol has 30,000 employees and has a bigger Chemical Plant that just finished in Louisiana. It is mind blowing. I assumed Sasol split its share, but it has never split shares. That just doesn't explain such a huge discrepancy.

    Anyhow I'm still enormously optimistic about this company. Management seems to have improved. They are constantly updating their projections and communicating with shareholders and their community at large via twitter and videos from the CEO. At the very minimum, quick response from management makes me feel more comfortable with my investment.

    Interesting to note that Sasol in Berlin stock exchange finished at 4.00 euros which is 4.39 USD. While here we finished 3.70 USD. There must have been a lot of weak hands recently in our market.

    Would a company invest in their community or provide donations of 100k+ near their plant if they were failing? It looks like Sasol is doing its best to show a great image of themselves during this pandemic. A failing company wouldn't go to such extent to care about its employees and community at large.

    Today, fortunately or unfortunately I bought 30K Sasol in margin. Praying not to go bankrupt, but you only live once right :))). I cross my fingers and hope for the best in the coming days. Let see what happens!! I'm very excited and optimistic!
  • T
    TLRY
    I’m very optimistic about the future of Sasol. This is definitely not a penny stock. This company is transitioning to mostly petrochemical products, such as Makeup / Cosmetic ingredients, Phenolics, ethers, 1-Octene, ammonia, acetates, and various alcohols. I feel this company has a bright future for long term investment. It doesn’t need to solely rely on cartel like cuts (OPEC+) to survive. It can make fine products that many different industries require in large volumes, for example big biotechnology (pharmaceuticals), research labs, and even beauty companies. And Sasol is just getting started! They just finished 99 percent of the 13 billion dollar Lake Charles construction project. Once it’s fully operational and it’s products are sold. It will make millions of dollars in revenue if not billions in the future. Take a look of the Ariel footage provided by Sasol. The site looks amazing! And I’m hopeful this company can achieve great things in the future.

    https://mobile.twitter.com/SasolLTD/status/1229305529006202880
    Twitter
    mobile.twitter.com
  • I
    I
    Sasol is a renowned big energy company with a long successful business history in SouthAfrica. It strong financials make it one of the most undervalued stocks with high potential for growth. Soon it will hit $20.
  • M
    Maxim23
    I got in at 1.90 for 2k shares after reading upon this company in April. Being a beginner (started investing last winter) I feel lucky to be in good amount of profit. However, I won't forget the less fortunate during this time and intend on donating some amount of profit to my affected local communities. GLTA! Up SSL!
  • M
    Mohamed
    Why is it dropping
    Oil is up