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In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 16:16:03
I just bought a 100k of sasol shares. Let's see if it was good or not.
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Re: In those hard time, I think I just made one of my best investment move ever
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 16:41:33
Edited: 2020-03-23 16:41:56
There are many other companies that are dirt cheap now and whose businesses are solid. Sasol is in over its head with debt, currently negotiating with its funders not to call default, if they do the share will drop to a few cents. Unlikely to happen as there will be no winners. However, they are doing a massive rights issue which means you will be diluted. Share price might still drop. In addition, Sasol is a minnow in the current oil price war that is going on. It cant do anything about it. I hope your punt pays off.
Edited: 2020-03-23 16:41:56
On 2020-03-23 16:20:01 Topdeckparty said:
At R 22.00 a piece, that's a bargain.
There are many other companies that are dirt cheap now and whose businesses are solid. Sasol is in over its head with debt, currently negotiating with its funders not to call default, if they do the share will drop to a few cents. Unlikely to happen as there will be no winners. However, they are doing a massive rights issue which means you will be diluted. Share price might still drop. In addition, Sasol is a minnow in the current oil price war that is going on. It cant do anything about it. I hope your punt pays off.
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Re: In those hard time, I think I just made one of my best investment move ever
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:11:05
Now is not the time to gamble on an oil based share, lunacy in my opinion, good luck though
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:14:12
Diversify.
Putting all your eggs in the SASOL basket.
Putting all your eggs in the SASOL basket.
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:15:18
Bad move my friend.......
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:17:56
Edited: 2020-03-23 17:18:36
Edited: 2020-03-23 17:18:36
The truth is fortune favours the brave. No one can say with certainly how this gamble will pay off... Unless you have insider information in which case bad on you...
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:20:04
S&P 500 or MSCI world eft is where I put my money, but best of luck to you.
I suggest pulling it out though if it makes profit then reinvest in a staggered approach cos this is far from over
I suggest pulling it out though if it makes profit then reinvest in a staggered approach cos this is far from over
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Re: In those hard time, I think I just made one of my best investment move ever
Posted: 2020-03-23 17:20:05
S&P 500 or MSCI world eft is where I put my money, but best of luck to you.
I suggest pulling it out though if it makes profit then reinvest in a staggered approach cos this is far from over
I suggest pulling it out though if it makes profit then reinvest in a staggered approach cos this is far from over
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