Edition:
United States

Sasol Ltd (SSL.N)

SSL.N on New York Stock Exchange

30.71USD
20 Jan 2017
Change (% chg)

$0.06 (+0.20%)
Prev Close
$30.65
Open
$30.76
Day's High
$30.90
Day's Low
$30.66
Volume
48,590
Avg. Vol
93,599
52-wk High
$33.31
52-wk Low
$21.08

Latest Key Developments (Source: Significant Developments)

Sasol enters into oil put options
Thursday, 8 Dec 2016 02:29am EST 

Sasol Ltd : Has entered into oil put options, for Q2 of financial year ending June 30, 2017 (October 2016 to December 2016) . Has also entered into put options for Q3, part of Q4 FY 2017 to provide co average brent crude oil price floor of us$47,06/barrel for about 16,8 million barrels . Have entered into hedges against downside risk in crude oil price to increase stability and predictability of our cash flows . Oil put options provide company with an average brent crude oil price floor of us$48,68 per barrel (net of costs) for approximately 7,6 million barrels .Currently reviewing other commodity and currency hedges and should we enter into material hedges, an appropriate announcement will be made.  Full Article

Sasol says expects FY17 liquid fuels sales to be in line with current market guidance
Thursday, 27 Oct 2016 02:15am EDT 

Sasol Ltd : Says saleable production for Q1 2017 was 8.2 mm tons versus 9.6 mm tons last year . Says base chemicals internal sales for q1 2017 was 3 mm tons versus 2.9 mm tons last year . Says energy internal sales for Q1 2017 was 5.9 mm tons versus 6.1 mm tons last year . Says performance chemicals internal sales for Q1 2017 was 1.1 mm tons versus 1.1 mm tons last year . Says production volumes in Q1 FY17 are lower due to the impact of labour actions impacting on part of our mining operations . Says we have reduced appraisal, development and drilling activities in Canada until such time we see a sustainable recovery in North American gas prices . We still expect total annual liquid fuels sales volumes for FY17 to be approximately 61 million barrels which is in line with current market guidance provided .Base chemicals sales basket price reflects an upward trend since Q4 FY16, but still lags historical price levels due to an overcapacity in propylene.  Full Article

Sasol raises price tag for Lake Charles project
Tuesday, 23 Aug 2016 02:33am EDT 

Sasol Ltd : Project is under construction near Lake Charles, Louisiana in USA, adjacent to Sasol's existing chemical operations . An independent third party review of estimate has also been carried out . Detailed review has confirmed that total capital cost for project is expected to be $11 bln, which includes site infrastructure and utility improvements . Cash savings that have been achieved from company's low oil price response plan, and cost savings resulting from business performance enhancement programme, are both well ahead of previously communicated targets . This is an increase of $2.1 bln from original estimate at time of final investment decision (FID) in October 2014 . At June 30 2016, capital expenditure to date on LCCP was $4.8 bln, and overall project completion was around 50 pct . Schedule for LCCP remains same as communicated on June 6 2016 . At June 30 2016, capital expenditure to date on LCCP was $4.8 bln, and overall project completion was around 50 pct . First unit, linear low-density polyethylene unit, is expected to achieve beneficial operation in second half of calendar year 2018 . Remaining derivative units will reach beneficial operation by second half of 2019 . Even though expected capital expenditure for LCCP has increased, we do not expect this to result in company exceeding its self-imposed gearing targets.  Full Article

Sasol sees fy HEPS down between 10-30 pct
Monday, 6 Jun 2016 01:10am EDT 

Sasol Ltd : Heps for financial year ending 30 June 2016 are expected to decrease by between 10 pct and 30 pct (approximating r4,98 to r14,93 per share) . Volatile macroeconomic environment, in particular lower crude oil prices, has had a significant impact on earnings .Fy EPS are expected to decrease by between 53% and 73% (approximating r25,82 to r35,56 per share).  Full Article

Sasol Ltd declares final gross dividend
Monday, 7 Sep 2015 02:05am EDT 

Sasol Ltd:Says it has declared a final gross dividend of R11,50 per share (15 pct lower than the prior year).The dividend payment date is Oct. 12.  Full Article

Sasol Ltd gives FY 2015 earnings guidance
Friday, 7 Aug 2015 02:00am EDT 

Sasol Ltd:Headline EPS for FY 2015 is expected to decrease by between 14 pct and 19 pct (about 8,42 Rand to 11,43 Rand per share).EPS for FY 2015 is expected to range between 3 pct decrease and 2 pct increase (about 1,46 Rand decrease per share to 0,97 Rand increase per share), off 2014 FY base of 60,16 Rand and 48,57 Rand respectively.  Full Article

Sasol Ltd cuts 1,500 jobs as oil price slumps - WSJ
Monday, 9 Mar 2015 09:25am EDT 

Sasol Ltd:Has cut 1,500 jobs and said more will go, the latest layoffs in a global oil sector contending with the commodity’s price rout - The Wall Street Journal.Head count at the company will be 'dramatically down' by June, with Sasol pressing ahead with steep cuts in capital spending and a reduction in its annual dividend.On top of the 1,500 voluntary redundancies and early retirements completed by Dec. 31, Sasol has cut an additional 100 jobs so far this year.There are at least a further 300 identified positions that Sasol plans to eliminate in the next few months.The company also isn’t filling about 1,000 vacant positions.  Full Article

Sasol Ltd declares interim cash dividend
Sunday, 8 Mar 2015 11:06pm EDT 

Sasol Ltd:Declared cash dividend of 700,00 South African cents per ordinary share.Record date April 10.Payment date April 13.  Full Article

Sasol Ltd gives H1 2015 earnings outlook
Friday, 6 Feb 2015 07:00am EST 

Sasol Ltd:Expects H1 2015 headline earnings per share (HEPS) to increase by between 3 pct and 9 pct (about 0,91 Rand to 2,72 Rand).Expects H1 2015 earnings per share (EPS) to increase by between 51 pct and 57 pct (about 10,65 Rand to 11,90 Rand).Says Excluding the impact of notable once-off items, net impairments charges, stock movements and the share-based payment expense, EPS would have decreased by between 21 pct and 27 pct.  Full Article

Photo

Sasol's earnings hit by low oil price, says outlook uncertain

South African energy and chemicals group Sasol reported a 17 percent fall in full-year earnings on Monday due to lower crude oil prices and said the economic environment it operates in remained "volatile and uncertain".