JSW has since yesterday a new president in the person of Edward Szlęk. The end of the festival Jastrzeb speculation and gossip well received on the shares of the company, which during the Tuesday session, clearly reflected from the bottom.
Stocks JSW benefit from the very beginning of the exchange of the day. About 10:30 the securities of the company were trading at 17.07 zł, which is about 6.7% higher than Monday’s closing. It is worth noting that during yesterday’s session giant coal stocks were cheaper than ever before, and sometimes even cost 15.65 zł. Back in July 2011, quoted JSW was above 120 zł. Overall valuation of the company zapikowała with more than 14 billion zł to a mere 2 billion zł.
The reasons for the significant decline in the value of JSW be mainly driven by two factors: taniejącym coal and internal problems. The end of the interregnum and yesterday’s decision to appoint a new CEO gives hope that at least the second problem can be solved. To cope with the expectations Szlęk will have to skillfully operate between the expectations of the miners, and the need to cut costs. It will also have to avoid mistakes predecessor, who was hated by the trade unions.
Edward Szlęk has won the restructuring of companies such as Huta
Zawiercie, Stalexport, Chemical Plant Alwernia. However, it is also well known in the Hawk. Since 2007
managed the largest company JSW processor – Koksownia Friendship. In the last two years, he was the integration and Coking Plant
Combine Koksochemiczny Zabrze, leading to the establishment of the company
JSW Coke, which operates four coke plants and processes
more than 5 million tons of coal per year.
Adam Torchała
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