Sasol: When mega-projects turn into mega-challenges this share still has value...

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Sasol: When mega-projects turn into mega-challenges this share still has value...

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Published Date: 2019-10-21 | Source: INCE|Community | Author: Mark Ingham

Sasol: When mega-projects turn into mega-challenges this share still has value...

Sasol shares have been under pressure since 22 May, the date the company announced that costs at the project would again overrun.

The independent investigation into control weakness surrounding the Lake Charles Chemicals Project in Louisiana is finished but we'll have to wait longer to see what publicly emerges and the consequences.

Then Sasol announced annual results would be delayed by a month to the 31st October - this has now been revised to the 28th October.

What threats to an already deflated Sasol investment do shareholders face?

Ingham Analytics says there are balance sheet concerns and estimates at which point Sasol would have to halt paying dividends.

Click here to download this report and assess if there is still value in this once beloved stock.



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