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Sasol
Posted on 3/16/20 at 1:53 pm
Posted on 3/16/20 at 1:53 pm
Just levied my retirement in Sasol stock. Either its Vienna sausages and Bologna or someone in here pop another bottle. Aint no going back now
7
Posted on 3/16/20 at 1:55 pm to Boat Motor Bandit
how much? That's a brave bet.
Posted on 3/16/20 at 1:57 pm to MaxDraft
Nothing like a stock down 90%
Posted on 3/16/20 at 1:58 pm to Boat Motor Bandit
Not against it, but what are your reasons
Posted on 3/16/20 at 2:02 pm to MikeD
With a Divi they cut out last year.
Posted on 3/16/20 at 2:03 pm to Boat Motor Bandit
Bought in at 2.20 last week. Was super happy. Will bounce back and $$$
Posted on 3/16/20 at 2:05 pm to Jjdoc
Sasol is the largest employer tax payer in South Africa. They will survive because the government won't let it fail.
Posted on 3/17/20 at 8:53 am to GeauxZone90
Looks like they plan to sell up to 2 billion in stock to raise money for debt payoff
Posted on 3/17/20 at 9:08 am to GeauxZone90
quote:
Sasol is the largest employer tax payer in South Africa. They will survive because the government won't let it fail.
I wouldn't invest a thin dime in any outcome depending on the South African government, it may already be a failed state.
LINK
This post was edited on 3/17/20 at 9:13 am
Posted on 3/17/20 at 9:26 am to GeauxZone90
quote:
Sasol is the largest employer tax payer in South Africa. They will survive because the government won't let it fail.
So I’m going to ask this question again (been asking it since the National Bank of Greece was all the rage on here a few years ago - “government won’t let it fail” argument): what does the prospect of a company not failing have to do with it being a good investment???
I’m not saying this one is good or bad. I have no idea. But I surely wouldn’t rely on “surviving” meaning good investment.
Posted on 3/20/20 at 2:29 pm to Boat Motor Bandit
$1.61 
Posted on 3/20/20 at 10:47 pm to bayoubengals88
They are looking for partners in their new ethylene and polyethylene plant in Westlake.
If that doesn't make enough they will issue more shares. They need a billion by June 30th.
Stock is still projected at $17 at 12 months projection.
Depends on oil. If oil stays at the low 20s sasols in a huge fricking bind and may have to sell their new plant. If they can make their debt need by June 30 they have enough cash to make it fine as is until the end of 2021.
Between now and June 30th will be a fun ride
If that doesn't make enough they will issue more shares. They need a billion by June 30th.
Stock is still projected at $17 at 12 months projection.
Depends on oil. If oil stays at the low 20s sasols in a huge fricking bind and may have to sell their new plant. If they can make their debt need by June 30 they have enough cash to make it fine as is until the end of 2021.
Between now and June 30th will be a fun ride
Posted on 6/3/20 at 1:16 pm to Boat Motor Bandit
Are you a multi millionaire now?
Posted on 6/3/20 at 1:54 pm to bayoubengals88
How long do y’all plan on holding ssl? I got in at 3.50. Feel like it could continue to go up to 12-15.
This post was edited on 6/3/20 at 1:55 pm
Posted on 6/3/20 at 1:54 pm to bayoubengals88
I sure hope he is
Dude put his nuts on the table and it's paid off handsomely.
Dude put his nuts on the table and it's paid off handsomely.
Posted on 6/3/20 at 2:24 pm to Jjdoc
Good question. Why did it drop so much? I know some people who purchased Sasol at the lower $2.00 per share? It is like they felt there was little risk.
Posted on 6/4/20 at 9:50 am to CharleyLake
2100 shares
avg under $3
Every time I bought shares, I told myself "buy more..go all in." Just couldn't pull the trigger.
avg under $3
Every time I bought shares, I told myself "buy more..go all in." Just couldn't pull the trigger.
Posted on 6/4/20 at 9:57 am to Volt
Me either, between the oil prices and the horror stories I was hearing from the LC project I was a little scared of the stock.
Posted on 6/5/20 at 8:17 pm to Capt ST
Who has the highest gain % that bought in for first time during dip and has held on?
I’m at +390% on some I bought at 1.80ish and +23% from buying back in at 7.30ish earlier this week
Let’s ride
I’m at +390% on some I bought at 1.80ish and +23% from buying back in at 7.30ish earlier this week
Let’s ride
Posted on 6/5/20 at 9:37 pm to Kvothe
I'm in like 1.43 for 1600 shares.
At 10 I'll probably reduce. Watch at 13-14 to pull out.
If it plows through 14 it'll make 19-20.
I still think it can make 20 at least. All provided they can raise cash for June 30th. Watch oil for the tell. If oil surges stay in. Summer would help driving season as we reopen. Help support the market.
At 10 I'll probably reduce. Watch at 13-14 to pull out.
If it plows through 14 it'll make 19-20.
I still think it can make 20 at least. All provided they can raise cash for June 30th. Watch oil for the tell. If oil surges stay in. Summer would help driving season as we reopen. Help support the market.
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