Sasol wrote off the remaining balance sheet value from the "German soap factory" some time ago, yet advised the world it would be sold this year. The original price paid was ~R10bn, the final write down to zero was ~3bn i think. HENCE the fact that they aren't (cannot), thus means a notional amount equal to what they had hoped to get from the sale exercise can be divided by 625m (shares issued), and taken off the shareprice. If R3bn, then almost R5! I expect the US investors will revisit the disappointment they felt at the foolish purchase, and may take it down by more. Exdiv momentum could also play a role?
Yeah you may be right i think the only thing it has going for it at the momment is that the oil price has surged.Once the oil price settles down again we may see a price of 205 to 215 but thats just my guess.