by Gerhard Engelbrecht | Jan 29, 2021 | Chemicals
Sasol released a trading statement for 1HFY21 earlier this morning. Production numbers for 1HFY21 were also released.We attach a spreadsheet that show half year as well as quarterly production estimates and percentage changes.Sasol guides that: Basic earnings...
by Gerhard Engelbrecht | Jan 29, 2021 | Chemicals
FY21E Spot earnings declined to R17.40/share this week as oil and chemical prices showed modest declines. Spot earnings for FY22 are now at R26.93/share (ex. the impact of higher PKO prices).Asian chemical prices were slightly lower, but PVC prices remain at...
by Gerhard Engelbrecht | Jan 22, 2021 | Chemicals
Spot earnings for FY21 at R18.32/share were slightly lower due mainly to a stronger rand as well as a slightly lower oil price. Refining margins were higher and breached $5/bbl. Both petrol and diesel cracks are trading around $5/bbl.Asian chemical prices...
by Gerhard Engelbrecht | Jan 14, 2021 | Chemicals
Spot earnings for FY21 are now at R19.21/share with FY22 spot earnings at R31.02/share. The significant increase in spot earnings are as a result of higher oil and chemical prices. Refining margins have increased but remain well below average.Asian...
by Gerhard Engelbrecht | Jan 12, 2021 | Chemicals
Earnings higher and lower: We have adjusted our earnings estimates to reflect the stronger rand as well as higher commodity prices. Our HEPS expectation for FY21 has been increased from R7.75 to R13.55 (+75%). We have not adjusted our commodity...
by Gerhard Engelbrecht | Dec 18, 2020 | Chemicals
Sasol’s spot earnings for FY21 increased to R10.34/share as oil prices breached $51/bbl. Refining margins, petrol cracks in particular remain weak. Net debt in rands continues to fall as the rand strengthens and at current prices net debt to EBITDA could...
