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Sasol Ltd.

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SOL|ZAR - Wil we see more downsideSasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon. Now 22% undervalued after recent price drop - Over the last 90 days, the stock is down 2.9%. - The fair value is estimated to be R447, however this is not to be taken as a buy recommendation but rather should be used as a guide only. - Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. - Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 391% in the next 2 years.
JSE:SOLShort
by AndreKlynsmith
SOL|ZAR - Now 22% undervaluedSasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon. Now 22% undervalued after recent price drop - Over the last 90 days, the stock is down 2.9%. - The fair value is estimated to be R447, however this is not to be taken as a buy recommendation but rather should be used as a guide only. - Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. - Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 391% in the next 2 years.
JSE:SOLShort
by AndreKlynsmith
Sasol - Short/Sell Target Reached At R374Wednesday's Original Idea Attached. Sasol - Target Reached At R374. I looked for an upside gap close and 8 21 re-test at 408-410 before the move lower. This share was the biggest decliner on the JSE Top 40 today, shedding 8.4% and exceeding the full target of 37400c. Including SOL, this week I highlighted 8 opportunities to bank/take profit on published trade ideas. Some from this week and others following through from last/previous weeks. There were zero stop-losses hit i.e. failed ideas. The last two stops hit were last week, that being IMP (leg 1 & 2 targets hit, 3rd stop) and SLM (leg 1 & 2 targets hit, 3rd stop). You'll recall I mentioned both of these names last Friday. The 'take profits' this week were as follows: MONDAY: Old Mutual, Mondi Plc, GBP/JPY, S&P 500, USDZAR TUESDAY: Natural Gas THURSDAY: USD/JPY FRIDAY: Sasol (detail as mentioned above) Well done to all who traded and took advantage of the opportunities highlighted. A good weekend to all.
JSE:SOL
by techpers
SOLSasol SOL 40331c - Zooming out. Upside gap at 40842c could be closed first however downside risk if 40200c is lost. An unfilled gap at 40842c, created by Monday's open may be closed however, the incline support extending back to the 20 December 2021 lows should be monitored for a potential 'failure to hold'. The share also trades at the lower boundary of a rising wedge/channel, which if breached, could see lower levels being tested. One possibility is the lower boundary of the large channel (two parallel white lines) where the price target is approximately R360 to R370. The gap is also at average of 8 21-EMA, both of which are losing upside momentum. Also note, the price (40331c) appears extended vs it's quarterly pivot of 34015c. The white arrow represents the potential price path. Key risk level: R402 Sell on a break below: 40200c (Strong offers would be added confirmation of deteriorating price weakness and /or bearish reversal) Stop-loss: 41330c Target: 37400c
JSE:SOLShort
by techpers
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JSE:SOLLong
by Cassandra81100
Sasol LimitedSasol has had an incredible run over the last year and has been in a clear uptrend, higher lows and higher highs each time. There are no signs of this abating, although fundamentals should be considered. I believe that if the oil price stays elevated, sentiment will continue to drive this share higher where it could close the gap from May 2019, closing that gap back up to R425 If this is the case, then we can expect an additional 30% upside from current levels. I will start nibbling at current levels and will accumulate dips. My new exit price will be R425 ( 29% upside) My stop loss price will be at R250 ( 24% downside) This is just looking at the technical side of things and is not taking the fundamentals into account. We mustn't forget that Sasol hedged their oil price last year, as well as the USD/ZAR exchange rate, so higher oil prices doesn't necessarily equate to bigger profits. This means that at some point the price will reflect the fundamentals, but at the moment I believe it is sentiment driven and will continue to be as long as we have these dark clouds surrounding Russia and Ukraine and the price of oil.
JSE:SOL
by TalkingCents
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