2015-06-18 12:00 [Photo: JSW mat. Press] 
JSW denies reports of a possible share issue. Are these contradictory information about what Tuesday we heard from President Edward Szlęk. The effect of confusion are further declines in share prices of the company, which is struggling with financial problems due to high production costs and low coal prices on the market.
In a communication presented on page reads, that “in connection with questions about the potential for raising capital by JSW SA on the capital market through a possible share issue the Board announces that at present does not conduct any work associated with this process.”
added that “such a tool is one of the many available opportunities, which can benefit from a listed company seeking capital for investment. However, at this stage of JSW SA does not see the merits of reach for such a solution. “
This information is inconsistent with what recently heard from JSW President Edward Szlęk denouncing on the pages of Reuters. He said that the issue of shares is one of the instruments, which can benefit a company seeking capital and is considered just a possibility. He said that to this end, talks are being held with representatives of the financial sector.
He also mentioned the bad situation in the coal market and the possible loss of liquidity by the company. Persistent oversupply of coal and aggressive pricing on the part of the Coal Company, all the time dołuje carbon price.
In response to signals from the Fed the dollar began to depreciate ,. ..
These conflicting information triggered another strong sell-off of shares of JSW. After 11:00, they lost nearly 5 percent. One share now costs less than 12 dollars. It’s also up to 90 percent less compared to the price of the IPO, which took place on 6 July 2011 year. They were sold at 136 zlotys.
After the announcement prior notice Tuesday, the shares lost more than 4 percent. The decrease at the end of the day amounted to 2.17 percent at the time.
Source: Money.pl, based on financial reports
JSW Figures in millions gold
In the first quarter of this year, the company lost 196.7 million and was twice the result with the same period of the previous year. What about a bit more optimistic revenue. Here, the company passed the minimum growth. They amounted to 1.8 billion from 1.6 billion in the first quarter of 2014.
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