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.£26.9m
Last close3.13p
High / Low (52 weeks)14.0p / 3.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(18.8)(62.4)(71.2)
Relative *(17.5)(63.2)(77.1)

* % 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 11:09:41 GMT

Stockwatch: Quadrise Fuels - risk lovers only need apply

Tue, 04 Nov 2014 00:00:00 GMT

Quadrise marine fuel trail with Maersk is successful but suspended

Mon, 13 Mar 2017 08:05:07 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

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 N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 24/05/2017

Latest research

Investment summary

Quadrise has been formally advised by Maersk Line A/S of its intention to let the operational trial agreement between Quadrise and Maersk expire once the MSAR fuel currently on board the Maersk test vessel has been consumed. Maersk intends to address the stricter sulphur emission limits that will come into force in 2020 by using low sulphur fuel rather than on-board scrubbers together with MSAR. We have suspended our estimates.

Last updated on 01/06/2017

Industry outlook

The operational trial has been successful to date, so Quadrise continues to work with Maersk to ensure that the interim LONO (letter of no objection) is issued. This is expected by the end of May 2017. In parallel, it is accelerating the development of commercial opportunities for MSAR within the wider global marine industry. This targets those marine operators that have begun to install scrubbers in order to meet the low-sulphur regulations, for whom the lower cost of MSAR helps offset the scrubber cost. It is also assessing the viability of a low sulphur MSAR variant.

Last updated on 01/06/2017

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