I love this share. It’s made me a truck of cash over the years and I reckon it’s one of the cheapest around!
Sasol often mimicks the oil price in dollars and that looks to be at a low. Interestingly, as the rand has weakened to the dollar the value to Sasol looks to be huge. If the rand pushes closer to R9 the Sasol share price should benefit.
I rate Sasol as cheap relative to my long term oil price expectations and to its international opportunity set.
I am going to go out on a limb here and forecast a 50% upside potential to my R560 target price and recommend investors add to positions.
In volatile times there is opportunity and the less risky option is to go with an solid company like SOL. At the current price there is fantastic value if you have the liquidity and the stomach to ride out the storm.
Caution: No one knows where she will find resistance at these low levels in the current market crisis!
i agree with you bud