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Nitram29
Nitram29 - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-23 17:23:01

Buying a share based on the historic price remind me of Steinhoff when the share price started to fall.( Recency bias )
Good luck , I would have waited for rights issue . There is so many shares that screams value e.g. PSG ext .Sasol isn't a value buy but a bet on the turnaround. Hope your bet pays off
Kooni
Kooni - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-23 17:28:01

I think it is a great long term investment, as you correctly say 3 to 4 years and it will be back in the R400 to R500 bracket.

Sasol is not in the same space as a Steinhoff. Steinhoffs price was built on lies, Sasol is a solid company with extremely good governance in place.
semensquirter
semensquirter - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 10:25:30

On 2020-03-23 16:16:03 Topdeckparty said:
I just bought a 100k of sasol shares. Let's see if it was good or not.



Fukkit...I thought I would read that you organised a ZAR2000 for 21 days bargain.
LOL....
Vrik
Vrik - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 12:16:45

About a year ago that same number of shares would have cost you close to R2.5mil
Nitram29
Nitram29 - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 13:32:03

If your looking for a reason to buy , you will always find one , but good governance and Sasol ?
undercoverpta
undercoverpta - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 13:53:00

My preference is Shoprite pehaps in a month
johndoe69za
johndoe69za - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 14:32:06

You have a few ladies begging for help to get through the next 3 weeks and then someone bragging on a punting website about spending 100k on shares.

Interesting
Durban guy 1980
Durban guy 1980 - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-24 15:31:32

Good luck. It would pay off at some point.
Topdeckparty
Topdeckparty - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-26 20:08:09
Edited: 2020-03-26 20:09:32

+ 30% in a couple of days. This is gonna work in the end and long term.

Got them at the bottom of the curve.
Zerocool09
Zerocool09 - Re: In those hard time, I think I just made one of my best investment move ever
Re: In those hard time, I think I just made one of my best investment move ever
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Posted: 2020-03-26 20:32:38

Lets hope the jse drops again... maybe eyeing R11 per share....

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