Andes Energia Share Discussion Threads

[mhw2] 02/11/2010 13:04

Speedy answered your question .The next quarterly report is next thursday

[speedy] 02/11/2010 12:59

ChickCM - see the old thread for an old link to the fool board. It explains the history,
the rest you can get from recent rns.

[chickenchowmein] 02/11/2010 12:55

Mhw

I would appiciate any info you have on these, look very very cheap on the face of it, 60% discount to nav, debt slashed, pe of what ? 3
farm out

see somewhere that an update from adesma is due next week, but can't find it now

How many in free float?

Cheers

[speedy] 02/11/2010 12:52

"On 21 February 2008 the Company exercised the option to acquire the remaining
50% indirect interest in SODEMSA for a consideration of US$33,637,333 plus costs
of US$269,079 at a rate of US$2 to GBP1."

nice timing on the exchange rate for GBP.

[mhw2] 02/11/2010 12:28

I cant see how it can come down much if at all from these levels.It is capitalised at around 35 million which puts it on a ludicrous pe rating and doesnt give any value to some very exciting exploration opportunities.In fairness I am a long term holder so could be accused of bias but i dont think so!!

[stuart14] 02/11/2010 12:14

YEp, with the payments agreed they now hold 100%, so should see £8m profit from that alone this year. I'm definitely going to buy here, but refuse to when the MMs have marked it up so much in 1 day. Anywhere near 20p again and i'll take a few for the long-term

[chickenchowmein] 02/11/2010 12:10

Looks like we get quaterly edesma update with one due next week, I think

[chickenchowmein] 02/11/2010 12:09

Don't they now have 100% of ADESMA?

I think today announcement was for the final 50%, Reading through the old rns it looks to be the case but I may be off target here.

[stuart14] 02/11/2010 12:00

First-half revenues in local currency increased by 35% to AR$340 million (US$88 million) compared to revenues of AR$252 million (US$69 million) for the equivalent period last year. EBITDA was US$17.4 million (H1 2009: US$7.2 million), an increase of 141% over the equivalent period last year.
Gross profit increased by 65% to US$29.3 million from US$17.8 million resulting in an 320% increase in operating profit to US$13.5 million from US$3.2 million for the equivalent period last year.

[stuart14] 02/11/2010 11:56

Saw their 51% owned subsidary, EDEMSA made a £4m profit in the first half of the year. Haven't worked out the rest yet, but this does look good value.

[chickenchowmein] 02/11/2010 11:49

Bloody he'll, I have just read the half yearly these have a nav of about 80p and are on a pe of about 2.5 by the looks of it. Add in the farm in with a major and resolution of the dispute and this looks a bargin

any views from any long termers

[chickenchowmein] 02/11/2010 11:28

Nice new thread, bought in this morning, looks a very good prospect but still need to do some Reading

[maytrees] 02/11/2010 11:27

TX stuart14

SIpped a few today at SPs of 23p upwards

[empirestate] 02/11/2010 11:25

nice thread Stu, perfectly justified on the back of todays rise,well done

[stuart14] 02/11/2010 11:24

I've started a new thread guys with charts etc included if anyone is interested:

[stuart14] 02/11/2010 11:23

Andes Energia- Energy in Argentina









Andes Energia is a Latin American energy group, with electricity distribution, hydro-electric power and oil and gas interests in Argentina. The Company joined AIM through a reverse takeover of Ragusa Capital plc. The Company's focus is on the Argentinean energy sector, which it believes offers premium assets at undervalued prices.

[empirestate] 02/11/2010 10:48

cruising with ease at the mo

[love it] 02/11/2010 10:10

You can sell 50k at the mid price. But can not buy!

40p now that would be nice

[luchan] 02/11/2010 10:02

Chaps,

whatever happened to Asia Energy?

luchan.

[pre] 02/11/2010 09:20

maximum on line buy now 1120 shares...here we go...little stock around...

[pre] 02/11/2010 09:18

Juan Carlos Esteban, CEO of Andes's oil and gas operations said, "We are
extremely pleased to have secured an agreement with YPF in respect of our
Neuquen licences. These two licenses are well located in terms of current gas
production, within the largest gas producing basin in Argentina. The Vaca Muerta
source rock, present in these licenses, could eventually be found to be holding
unconventional reserves. YPF is the largest oil company in Argentina. We believe
our association with them will bring huge benefits to our oil and gas operations
and we hope to be able to develop our relationship with them on other licensed
areas."

[pre] 02/11/2010 09:16

cracking news out today here....EDEMSA out next week too...they have tied up a farm in deal with largest oil company in Argentina...this should get a significant re-rating imo....

[empirestate] 02/11/2010 09:08

great news today fellas, reckon this is just the start of a rerating in the share price to around 40+

[empirestate] 01/11/2010 16:41

looking good for a decent run to the EDEMSA numbers on the 11th nov