Not only international coal prices are rising, but in the wake of them also stock value of Polish hard coal producers listed on Warsaw Stock Exchange: Jastrzebska Spolka Weglowa and Lubelski Wegiel Bogdanka. Quick look on the WSE listing in last 3 months.
A quarter ago JSW’s stocks were worth 15 PLN. Since then, they raised to a level of 52 PLN (increase by 226%) and are reached a highest peak since February 2014. Signing agreement with banks and decision of moving Krupinski mine to SRK distorted rather poor financial results for H1 2016.
More stable situation could be observed in LW Bogdanka, where the increase recorded was at 57% in the last 3 months. Since second half of July the value is slowly but surely rising, and with 58 PLN at the moment (reached magic line of 60 PLN in the first week of September) there are no signs of going back to 36 PLN from June. Current levels of stock value is the best result since October last year.