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.£47.3m
Last close5.48p
High / Low (52 weeks)15.0p / 5.0p
Stock market listingLN
Forecast net cash (£m)4.1
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(30.4)(47.2)(59.8)
Relative *(30.5)(48.7)(65.3)

* % Relative to local index

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Company news

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

Fri, 02 Dec 2016 11:03:45 GMT

Quadrise marine fuel trail with Maersk is successful but suspended

Mon, 13 Mar 2017 08:03:45 GMT

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

Tue, 08 Nov 2016 09:53:05 GMT

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

Tue, 05 Jul 2016 11:26:15 GMT

Stockwatch: Quadrise Fuels - risk lovers only need apply

Tue, 04 Nov 2014 00:00:00 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 29/03/2017

Latest research

Investment summary

Quadrise has been advised by Maersk that there has been a potential hold-up in the LONO trial because the designated vessel for the trial needs to make an unscheduled dry dock visit. This visit is not related to using MSAR. In fact, the trial so far has gone well. Maersk is considering alternative vessels within its fleet on which to continue the trials. Moreover, the engine manufacturer Wärtsilä has carried out a detailed interim inspection of the test vessel's engine (ahead of schedule) with a view to issuing an 'Interim LONO'. This will give Maersk sufficient assurance to potentially proceed with commercial roll-out without waiting for the remainder of the LONO trial to complete and accelerate discussions with other shipping lines.

Last updated on 04/04/2017

Industry outlook

The 'Production to Combustion' trial in Saudi Arabia is currently scheduled for calendar Q417. Free cash outflow during the six months ended December 2017 totalled £2.2m, with £7.0m cash at the period end and no debt.

Last updated on 04/04/2017

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