Analysis of upcoming company announcements, using our market insight information and analysis tools.
For this edition, we cover the following stocks:
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.
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.
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.
Follow one of the links below for a quick look at our web-based platform and the range of markets on offer.
If you're interested in finding out more about the range of markets available and the functionality of our trading platform, you can open a demo account.
IG provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of the above information. Consequently any person acting on it does so entirely at his or her own risk. The research does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. This communication must not be reproduced or further distributed. The price levels provided are derived from ProRealtime Charts (IT-Finance)