Company announcements

Sasol Ltd

Analysis of upcoming company announcements, using our market insight information and analysis tools.

For this edition, we cover the following stocks:

AVI Ltd

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Sasol Ltd

Interim results for the six months ending 31 December 2013 expected on the 10th of March 2014 

The Sasol Group of companies comprises diversified fuel, chemical and related manufacturing and marketing operations. These core operations are complemented by coal-mining operations and oil and gas exploration and production.

Results expectation

Sasol Ltd has guided that it expects Headline Earnings Per Share (HEPS) for the period to be 22% to 28% higher than that of the 2012 first half comparative.

Although strong HEPS growth is expected, the disposal of Arya Sasol Polymer Company (ASPC) incurred a final loss of R198m, negatively impacting the HEPS growth figure. A decision was also made to realise an impairment of R5.3bn from Sasol’s Canadian gas investment.

The Sasol Group looks set to deliver strong results once again despite the aforementioned setbacks, benefitting from a global diversification of earnings and good cash generation to support a solid balance sheet.

Source: IG Insight, as of 10:30 07/03/2014

Source: IG Insight, as of 10:30 07/03/2014

Technical View

The price of Sasol has broken out of a triangle consolidation and now appears to be continuing the preceding uptrend.

The height of the pattern (dotted black line) projected from the breakout level at 56000 predicts an upside target at 60350. Often after the initial breakout occurs the price will retrace marginally, affording those who missed out on the initial entry a second opportunity.

However, should the price retrace too far, i.e. below support at 54500, the bullish indications would be deemed to have failed.

Source:  ProRealTime charts, as of 06/03/2014

Fundamentals

Source:  IG Insight, as of 10:45 07/03/2014

Source:  IG Insight, as of 10:45 07/03/2014

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