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March 9, 2009
Sasol battens down hatches
Sasol's (JSE:SOL) magnificent results for the six months to June are historical. The big question about this oil tanker is how buoyant it can remain in heavy seas with oil prices in the $45 range.
CEO Pat Davies warns against trying to guess what the second half headline earnings might look like by making inferences from the interim dividend of 250c, which is covered 8,6 times by headline earnings of R21,92 a share.
Posted by StaffWriter at March 9, 2009 10:23 AM