by Gerhard Engelbrecht | Aug 28, 2020 | Chemicals
We highlight the following: The Lake Charles television channel (KPLCTV) is expecting Laura to be a more severe hurricane than hurricanes Rita and Ike that created significant damage in the area in 2005 and 2008 respectively. At this point the hurricane is seen...
by Gerhard Engelbrecht | Aug 28, 2020 | Chemicals
Sasol’s spot earnings are sharply lower this week, mostly as a result of downgrades due to weak volume guidance for the North American chemicals businesses in particular. FY21 spot HEPS are at R5.28 and we expect a loss of R6.67 at the LCCP.Refining margins...
by Gerhard Engelbrecht | Aug 21, 2020 | Chemicals
Larger than expected rights issue? Sasol ended FY20 with $10.2bn of net debt. If the business is targeting debt reduction of $6bn to $4bn an additional $6bn of cash is required. After $1bn of cash savings and asset sales of $3bn a further $2bn...
by Gerhard Engelbrecht | Aug 14, 2020 | Chemicals
Spot earnings increases slightly to R10.77/share this week as refining margins in particular moved higher. Refining margins remain well below normal levels, however. Spot earnings for the LCCP is at a loss of R4.82/share.Ethylene prices continue to fall in...
by Gerhard Engelbrecht | Aug 7, 2020 | Chemicals
Sasol’s spot earnings increased sharply this week, boosted by higher oil prices as well as a weaker rand. Spot earnings for the group is at R10.61/share while the LCCP earns a loss of R4.53/share. Refining margins continue to weaken, however.Asian...
by Gerhard Engelbrecht | Aug 4, 2020 | Chemicals
Another disposal Sasol announced the potential sale of 16 air separation units on the Synfuels site to Air Liquide for a possible consideration of R8.5bn. Sasol is set to purchase oxygen in future.Largest global oxygen producer: Sasol consumes...
