RE: £14k buy16 Dec 2013 13:31
I agree this stock is extremely illiquid-I have found myself many times in the past in situations where I couldn't even get 1 grand worth of shares without having to go negotiated trade. It is also worth noting that it's that lack of shares being traded that makes the price swings here so pronounced.
Clearly this share is not being much followed-you only need to look at this board, how few people post here regularly. However, we could be in a time of change-recent developmenets in Argentinian investment landscape are making Andes occupy a more prominent place in the media.
In addition to Alexia's post quoting the sunday times, Andes was also quoted recently in proactive investors. Excerpt below:
Argentina
Shell has announced that it intends to ‘triple its investment in the country’ post the YPF/Repsol deal, a strategy you will know I concur with as I do believe that slowly but surely Argentina is becoming investible. Recent comments about the Falklands notwithstanding, I expect companies that have invested in the country to be rewarded longer term, these include President Energy, Andes Energia and maybe even Kentz with the acquisition of Valerus being to an extent South America weighted.