/biz/ - Business & Finance

>>19619996
The downtrend in 2015-2018 was due to mismanagement of the CEO's at the time. They took on projects out of SSL's realm. We have a new CEO, given the position in November 2019. The projects are now almost complete (99%), however due to COVID, right before the opening of the Lake Charles plant, everything had to be shut down. Of course, this sent them another leg down. Then negative oil futures. another leg down. Then a fire at one of their plants. Completely oversold.

Now, they are changing their image, plant is about to open, and JP Morgan just upgraded the stock to overweight.

>>19588003
If you did Your own research you would know, instead of looking at a chart. Terrible CEO in 2015-2018 that took on projects out of SSL’s realm that incurred huge expenses, the projects couldn’t be finished because of COVID, negative oil futures, and they a accidental in one of the plants as well. We have new CEO in 2019. SSL continues to be a powerhouse in South Africa. South Africa economy is expanding. Lake Charles chemical plant is 99% and gonna open soon in Louisiana in the U.S.

Morgan Stanley just upgraded Sasol to “overweight”. DO YOUR OWN FUCKiNG RESEARCH