And if this is not enough, all this corporate news, then a Sasol trading update will excite you no doubt! What, why now? You would be right to ask that question, after all the company has a June year end, so we are not even five full months into the current financial year. This of course would be a trading update for the first half to end December. I am pretty sure that each and everyone one of you would not want to fast forward through that month. And if you are a shareholder then it looks good for you, the weaker Rand, stronger commodity prices and perhaps more encouraging improved operational performance. The other two are variable, the other is internally controlled. To answer that question about why now, Sasol always do this, guidance and then revise that after the reporting period.
So tell me, you are shouting, what is expected from the company? Well, from the SENS release: "Expected earnings for the six months ending 31 December 2011 Sasol's earnings per share and headline earnings per share for the six months ending 31 December 2011 are estimated to increase by at least 45% compared to the prior comparable period." Whoa!! Sasol interim results were released this year on the 7th of March, and HEPS for the half year was 12.97 ZAR. At that sort of increase expect somewhere in the region of 18.80 ZAR per share worth of HEPS. The stock is up relative to the rest of the market and much better than the broader resource complex.