Quadrise Fuels International (QFI)

Business description

Quadrise Fuels International is the licensor of an oil-in-water emulsion fuel technology enabling refiners to manufacture and market MSAR for use as a low-cost substitute for heavy fuel oil in the marine bunker and power generation sectors.

Stock data

Market cap.£70.6m
Last close8.19p
High / Low (52 weeks)15.0p / 7.3p
Stock market listingLN
Forecast net cash (£m)4.1
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(33.9)(21.1)(33.1)
Relative *(34.6)(24.3)(43.1)

* % Relative to local index

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Company news

Quadrise marine fuel trail with Maersk is successful but suspended

Mon, 13 Mar 2017 08:05:07 GMT

Quadrise Fuels International shares are setting up to rally says Zak Mir

Fri, 02 Dec 2016 11:03:45 GMT

Quadrise fuels International could double price in the coming months says Zak Mir

Tue, 08 Nov 2016 09:53:05 GMT

Stockwatch: Quadrise Fuels - risk lovers only need apply

Tue, 04 Nov 2014 00:00:00 GMT

Are Marshalls plc, Quadrise Fuels International plc and IMImobile plc star ...

Tue, 05 Jul 2016 11:26:15 GMT

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 0.1 (2.6) (2.7) (0.3) N/A N/A
2016A 0.0 (4.0) (4.1) (0.5) N/A N/A
2017E 0.9 (4.6) (4.8) (0.5) N/A N/A
2018E 18.3 (0.4) (0.5) (0.1) N/A N/A

Last updated on 17/02/2017

Latest research

Investment summary

At Quadrise's recent AGM, management briefed shareholders on the progress being made on several key programmes. The Maersk vessel continues to burn MSAR successfully on its regular scheduled route, while outside of the European Emission Control Area, and the feedback received on the fuel performance continues to be positive. Based on the substantial progress to date management anticipates that an interim assessment will be possible in the spring of 2017 and that the trial should be completed around the middle of the year.

Last updated on 02/03/2017

Industry outlook

Based on its latest discussions with partners in Saudi Arabia, management anticipates being able to enter into formal contracts regarding the commercial scale production-to-combustion trial during calendar H117 and commence the trial during calendar H217. This news supports the roll-out timescale assumed in our estimates, which give an indicative valuation of £325m (38p/share).

Last updated on 02/03/2017

Key management

Hemant Thanawala , FD
Mike Kirk, Executive Chairman

Company address

1st Floor, Gillingham House
38 – 44 Gillingham Street
London
SW1V 1HU
United Kingdom
+44 20 7031 7321
View website