Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 14, 2014

Article Excerpt

SASOL LTD. (ADR), $52.87, symbol SSL on New York, has developed a technology to convert coal and natural gas into motor fuels. The company is now the world’s largest producer of fuel from coal at its facility in Secunda, South Africa. It also makes synthetic fuels from natural gas at plants in Qatar and Nigeria. In addition, Sasol has substantial chemical production interests and produces oil and gas in Africa. It’s also South Africa’s third-largest coal producer. In Sasol’s 2014 fiscal first half, which ended December 31, 2013, its revenue rose 23.1%, to 98.3 billion South African rand (1 rand = $0.10 U.S.) from 79.9 billion rand in the first half of fiscal 2013. Earnings per ADR rose 25.7%, to 30.19 rand from 24.01 rand. Oil prices were relatively flat, and chemical prices were higher. The U.S. dollar also rose against the South African rand, which increased the value of Sasol’s sales outside South Africa. The company is considering spending up to $21…