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Online Share Trading

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Sasol

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Made a tripple bottom. If it breaks R300 and consolidates above, then we've got upside. MACD and RSI confirm. Fundamental outlook still looks a bit dark though.
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5 REPLIES 5
Werner_1
Super Contributor
I've been acquiring SOL shares for long term over the weeks...
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SIMBA
Super Contributor
Werner what is your reason for buying long term..{ 5 years } other than normal oil will decline, if you dont mind sharing your thoughts ..........
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Werner_1
Super Contributor
Some people say this is wrong, but firstly, i really like SASOL, we only use their fuel in our cars and boat (my car has never had any other make - ever). I have some shares for some time now, bought more to build portfolio, i believe earnings will consistently grow and dividends as well, for me its a very stable business with a product that is in demand and will most probably stay that way for the forsee-able future, alternative energy (electric cars, bio-diesel) are all possible, but the cheapest and easiest is still using coal or gas to produce standard fuel that power our conventional cars, just imagine having to change the entire country's cars to electric - not possible! And current price is very attractive for me. Oil price in my opinion is quite low now as well, and i dont know if it will stay that way once OPEC cuts production. just some thoughts i had. other calcualations i did was on earnings growth to see how long it will take to get my purchase price covered by NAV and earnings. I plan to hold for 5 years +. I don't have the details here with me though.
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SIMBA
Super Contributor
Thanks i feel better knowing i am not alone as i also went in heavy @R279.00..keep well...............
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Werner_1
Super Contributor
Simba, over long term we will all be happy with SASOL!
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