Sasol: South African fuel sales – recovery underway
We track Government revenues in order to gauge fuel sale volumes in the country. Revenues were at a trough in June increasing in July. July volumes remain well below average, however.
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22
Sasol: New gas prices – possible negative impacts
The South African energy regulator, Nersa, has published a new gas price methodology following a constitutional court ruling in 2019. The new methodology should have a negative impact on future earnings and possibly create a liability to refund customers.
Sasol: Hurricane Laura – a significant threat to operations in Lake Charles
Hurricane Laura that formed in the Gulf of Mexico is set to make landfall later this evening (US time) in the Lake Charles and Westlake areas.
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22
Sasol: Too soon to reset the investment case
We have reviewed our estimated following Sasol’s FY20 results and updated guidance. We lower our profit expectations on weak volume guidance for the US assets. If the company is targeting net debt of $4bn by June 2021 a large rights issue is needed
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22
Sasol: Sale of Air Separation Units – value preserved?
Sasol’s potential sale of its 16 air separation units appear to be slightly below a very rudimentary valuation. More disposals are needed to avoid a rights issue.
Sasol: Spotlight on earnings – latest profit drivers
We show Sasol’s key profit drivers as well as the earnings for the current and next financial years if drivers remained at spot levels until the end of FY22