SA­SOL

Finweek English Edition - - INVESTMENT -

Stock­broking group Barnard Ja­cobs Mel­let (BJM) is pos­i­tive on the out­look for the en­ergy group. This fol­lows the re­lease of re­sults for the six months ended 31 De­cem­ber 2012, where head­line earn­ings per share were up by 2% to R24.01. The firm told clients: “While the con­sen­sus num­bers do not ref lect any mean­ing­ful growth, there’s a chance that th­ese fore­casts may be up­graded con­sid­er­ing the high oil price and weaker rand. Sa­sol is re­garded as fair value on a for­ward p:e of 9.2 times and a for­ward div­i­dend yield (DY) 4.6%.”

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