This is now where the systyem lost me - downturn in price, following announcement which is seemingly promotional of good times to come for SOL? Now, you will say: the market expected more, which was already in the (former) price, hence the negative reception? Quote: Sasol (R384.82; market cap: R248bn; forward PE [F2012, I-Net]: 8.1x; forward DY [F2012, I-Net]: 4.2%): Sasol reported record interim results for the six months to 31 December 2011. Operating profit rose 70% to R20.5bn, with headline earnings per share and dividends per share increasing 81% and 84% respectively to R23.50 and R5.70. The results reflected the benefit of a 36% increase in Brent crude oil prices, which averaged US$111.41/barrel during the six month period versus US$81.68/barrel in the corresponding period. Rand weakness further boosted profitability, with the average rand / US dollar rate 7% weaker. The favourable movements in these key variables masked poorer cost management and a weaker production performance. In particular, industrial action in SA resulted in a 1.3% decline in volumes in the key domestic Synfuels operation. Despite this, the division reported an 84% increase in operating profit, contributing virtually 50% of the groupÂ’s overall operating profit. The Group remains well placed to benefit from a favourable macro economic backdrop and to deliver on its international gas-to-liquids strategy, whilst specific mention was made, once again, of the potential to dispose of the investment in the Arya polymer plant and the efforts to diversify crude oil sources, given trade restriction and possible sanctions against Iran. On 12 month trailing earnings and dividends the share trades on a 8.9x PE multiple and dividend yield of 3.9%. Rory Spangenberg- Unquote.