Is investing in Sasol a good idea?

Asked by: Prof. Carlo Tromp IV  |  Last update: February 9, 2022
Score: 5/5 (44 votes)

Sasol Ltd.
may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of SSL, demonstrate its potential to outperform the market. It currently has a Growth Score of A.

Is Sasol a good stock to buy?

The consensus forecast amongst investment analysts is that the share is currently undervalued and could outperform the market in the near future, meaning that Sasol shares may be a surprisingly good purchase today, especially when coupled with the good dividends generally paid out by the company.

What is the future of Sasol shares?

Stock Price Forecast

The 8 analysts offering 12-month price forecasts for Sasol Ltd have a median target of 20.67, with a high estimate of 29.58 and a low estimate of 14.39. The median estimate represents a -8.07% decrease from the last price of 22.49.

What is the best shares to buy in South Africa?

Top 10 Best Shares to Buy Right Now
  • British American Tobacco.
  • Naspers.
  • Netflix.
  • Shoprite.
  • Gold Fields Limited.
  • Anglo American PLC.
  • Richemont.
  • Airbnb.

Why is Sasol stock rising?

In SA, Sasol shareholders benefitted nicely. The share price increased more than 30% since September 20, from around R220 to R294. Ironically, it is the relentless lobbying by environmentalists that is pushing the oil price higher, causing the rush into oil shares, and making investors rich.

Investment Idea: Sasol

27 related questions found

Why is Sasol stock falling?

Sasol's stock value, however, is 64% stronger in the year to date, coming off from an incredibly difficult period for the company, Amid ultra-low oil and chemical prices caused by the Covid-19 pandemic in early 2020, the company cut costs and sold assets in a bid to bring down its R190bn debt pile and avert a rights ...

Why is Sasol share price dropping?

Construction delays at the Lakes Charles Chemical Project (LCCP) and an increase in costs, coupled with a decline in the value of the rand, saw investors selling out and the share falling to barely above R200.

Can stocks make you rich?

Can a Person Become Rich by Investing in the Stock Market? Yes, you can become rich by investing in the stock market. Investing in the stock market is one of the most reliable ways to grow your wealth over time.

Can you invest r1000?

Your choice is extremely wide – currently there are about 1 500 funds in South Africa available to individual investors, excluding offshore funds marketed here. Most will let you invest R1 000 as a minimum per month, although many have lower minimums, and a handful have higher ones.

What can I invest in 2022 in South Africa?

11 South African stocks to watch in 2022, according to Bank of...
  • Shoprite.
  • Bidvest.
  • Barloworld. In Industrials, BofA said it likes Barloworld and Bidvest given attractive valuations and strong earnings momentum.
  • Bidcorp.
  • Netcare.
  • Aspen. ...
  • MTN.

Is Sasol paying dividends in 2021?

Sasol cut debt from R190 billion to R103 billion during the 2021 financial year, but held off declaring a dividend as the company continues to optimise its business, which has been hit by various global economic pressures and the effects of Covid-19.

What affects Sasol share price?

“The higher prices were due to a combination of improved demand, higher oil prices and reduced market supply from continued global supply chain challenges attributable to the Covid-19 pandemic.” It said in the first half of 2022 it had divested from its Canadian Montney shale gas assets, as well as other small assets, ...

What was Sasol highest share price?

Sasol - 40 Year Stock Price History | SSL
  • The all-time high Sasol stock closing price was 66.09 on May 20, 2008.
  • The Sasol 52-week high stock price is 23.71, which is 5.8% above the current share price.
  • The Sasol 52-week low stock price is 12.33, which is 45% below the current share price.

What does Sasol company do?

Sasol is an integrated oil gas company with substantial chemical interests. In South Africa, these operations are supported by mining coal and converting it into synthetic fuels and chemicals through proprietary Fischer-Tropsch technology. ... It also produces jet fuel, fuel alcohol and illuminating kerosene.

How do I sell my Sasol shares?

To sell your SOLBE1 shares you need to contact Computershare by telephone or in person and ask them to place a sell instruction. A call centre agent will verify your account details and the number of shares you hold, the sale process will then commence.

How do I buy capitec Sasol shares?

How to buy shares in Capitec Bank
  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. ...
  4. Research the stock. ...
  5. Purchase now or later. ...
  6. Check in on your investment.

Which bank is good for investment?

Which bank has the best interest rates in South Africa? Nedbank has the best-fixed deposit rate for 2022 offering a 10.60% interest rate, followed by Standard Bank with 10.55% with African Bank coming in third with a 10.50% effective interest rate for 60 months investment.

Where is a good place to invest money right now?

Here are a few of the best short-term investments to consider that still offer you some return.
  1. High-yield savings accounts. ...
  2. Short-term corporate bond funds. ...
  3. Money market accounts. ...
  4. Cash management accounts. ...
  5. Short-term U.S. government bond funds. ...
  6. No-penalty certificates of deposit. ...
  7. Treasurys. ...
  8. Money market mutual funds.

Can I invest r500 at capitec?

Investing can be for everyone. And you can start today with as little as R5 using Capitec's banking app and EasyEquities widget. ... You can start investing immediately from as little as R5 and, as a Capitec client, you'll save 20% on the commission you would pay when you make an investment.

Is buying stocks like gambling?

Investing in stocks isn't like gambling because there are rules for investing that can lead you to have higher returns than keeping your funds in cash. Investors who treat stock market trading like gambling run the risk of placing their money in jeopardy by missing out on gains or losing it altogether.

How can I invest 100 dollars to make money?

Our 6 best ways to invest $100 starting today
  1. Start an emergency fund.
  2. Use a micro-investing app or robo-advisor.
  3. Invest in a stock index mutual fund or exchange-traded fund.
  4. Use fractional shares to buy stocks.
  5. Put it in your 401(k).
  6. Open an IRA.

Can you make a living off stocks?

Trading is often viewed as a high barrier-to-entry profession, but as long as you have both ambition and patience, you can trade for a living (even with little to no money). Trading can become a full-time career opportunity, a part-time opportunity, or just a way to generate supplemental income.

Which shares to buy for beginners?

Best stocks for beginners
  • Reliance Industries Limited. Reliance Industries stock. Reliance Industries Limited (RIL) is India's largest private sector company. ...
  • Tata Consultancy Services. TCS stock. ...
  • HDFC Bank. HDFC Bank stock. ...
  • Hindustan Unilever Limited. HUL stock. ...
  • Maruti Suzuki India Limited. Maruti Suzuki stock.