It says Dividend Yield - 4.35%, Earnings Yield - 16.68% and PE - 5.99. This share has gone nowhere in 7 months. Poor expected earnings results are discounted into the price and it's not likely to drop much further. The risk to the downside is much lower than the upside potential. I'd stay long on this one at current prices. omo
JOHANNESBURG, July 29 (Reuters) - Despite higher gold output and a stronger price for the metal, Africa's top three gold producers are expected to see a big drop in earnings and cash flow for their quarters to June, because of the stronger rand.
There was a report this morning that the oil reserves grew by something like 6million barrels the last onth from an expected decline of 1 million barrels. That does not bode well fo the oil price. Sasol should however do good over the longer term.
Gold coming close to buying season August, September, and for the long haul Sasol won't let you down either. Sasol and Gold shares have been hammered in the last few months, and could offer value - Gold over the short term and Sasol long term. I'm not saying buy today, but only with the recent rally in shares, some shares offer more value than others right now. This is just my opinion.
Agree with you kwagga.SOL around the mid 200's offers a whole lot of value.Especially if you an investor..It is however not such a good share for traders,since has been stuck in a 260-320 trading range for the last 7/8 months..But yes the downside is very minimal and the upside well look at that 52week highs;)