Jose Elias It has become a mass phenomenon. As a general rule, businessmen generate suspicion among the younger population, but the Catalan businessman has been able to connect with people through social networks, and his presence in all media and channels has multiplied. As for your businesses, right now you are experiencing different sensations. While at the construction company OHLAafter its entry, it seems to have regained some luster; in the electricalAudaxof which it is the largest shareholder (75%), the markets do not seem to give it investor confidence.
Although to get to the businessman José Elías, at the moment, you first have to go through the celebrity José Elías. The myth that is beginning to appear behind the legend began to take shape definitively in 2021 when it burst into the world of football. With his million-dollar contribution as guarantor of the president of the FC Barcelona, Joan Laportathe media turned their gaze on Elías. The most repeated headline always made reference to the millionaire who was the son of an electrician. His appearance on the ‘Forbes list’ sponsored that mystique about his figure as a successful businessman. Then came the trail of companies where his face has been very visible: The Mermaid, Audax, Ezentis either Aspy Global Services among others; He even claimed that he controlled more than a hundred companies.
The final path of creating that figure has led to a personal brand that can continue to be exploited. And he does it without any type of qualms, and with absolute conviction. One of his most curious projects has been ‘10 minutes of personal success‘. For the modest price of 600 euros, and through their own website, aspiring entrepreneurs can access “a valuable 10-minute individual meeting with José, held via Zoom.” This personalized meeting is the perfect opportunity to resolve all your doubts related to your project or idea.
Aside from the character and the brand that he has created about himself, behind him there is a businessman where a lot is at stake in strategic sectors. Here, far from YouTube videos and thick headlines to attract attention, the dynamic is more complex.
Last June, Audax shares had their last high with 1.99 euros per share. Since then, the energy company’s value has fallen 25%. A continued decline that seems to have no limit at the moment. Thus, despite José Elías’s attempt to diversify the strategy geographically, and try to generate business in various value segments, reality prevails over theoretical approaches, and the company is worth less every day. A capitalization loss that is already close to 200 million euros since last summer.
The most curious thing about the punishment that Audax is taking on the stock market is that in the company’s latest public financial results, which correspond to the first nine months of the year, the company significantly increased its profits. The electricity company even has prospects of reducing debt. But in terms of energy, the issue is more complex; and the results of 2024 will dictate the final sentence.
In the final part of the year, at a European level – and with special impact in Spain – wholesale electricity prices have skyrocketed above €100/MWh, a situation that affects companies that make a living from selling electricity. This issue is what would be directly impacting the evolution of Audax on the Stock Market, like many other companies in the sector that are also being affected by this increase.
The other universe
A different situation is what José Elías is experiencing with his participation in OHLA. The Catalan businessman, who joined in the construction company’s last capital increase – and surprised everyone in the sector – has now also become vice president of the company.
Since that moment, in the second week of December, the construction company has had a strong rebound on the stock market, and has grown more than 30%. It is true that OHLA came from living through very complicated times.
The truth is that since the arrival of the Amodius to the company, and with the name change, it seemed that they were not quite picking up the pace. Now, at least there are projects that emerge and that seem to once again revitalize one of the construction companies that has been most implemented in Spain in recent decades.
Thus, OHLA will be in charge of carrying out the construction works of the La Nueva Romareda football stadium, in Zaragoza. In this sense, it is worth noting that the group presented the best economic proposal and obtained the highest score in the technical evaluation. The OHLA project (in a joint venture with Altuna and Uria) allows the initially planned deadlines to be reduced by 13 weeks, so the works will conclude in June 2027. The final budget of the project amounts to 124 million euros.
#worlds #José #Elías #OHLA #lifeguard #walk #desert #Audax
