OIL PRICE MAKES ME THINK TWICE ABOUT SA­SOL

Finweek English Edition - - SIMON SAYS -

The Sa­sol* up­date was pretty much as ex­pected, although there are a lot of mov­ing parts. The im­por­tant num­ber is the av­er­age Brent oil price of $73.46/bar­rel for the year end­ing June. Now Sa­sol is not only an oil com­pany, as it also has a chem­i­cal busi­ness, but we can ex­pect another tough year to end June 2016 as Brent is not likely to be higher than the 2015 av­er­age. I re­main a holder of Sa­sol but, as I wrote back in March, I am re­con­sid­er­ing the po­si­tion. I know, I’m a slow thinker, but af­ter hold­ing the shares for over 20 years, I am com­fort­able mulling it over care­fully and avoid­ing a hasty de­ci­sion I may re­gret in time.

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