Stock data
| Market cap. | £49.7m |
| Last close | 6.87p |
| High / Low (52 weeks) | 12.1p / 4.4p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 1.6 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Oil & Gas |
| Sector | Oil & Gas |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (30.38) | 12.24 | 17.02 |
| Relative * | (26.96) | 21.46 | 28.6 |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (1.0) | (1.0) | (0.2) | N/A | N/A |
| 2011A | 0.0 | (1.8) | (1.9) | (0.3) | N/A | N/A |
| 2012E | 0.0 | (1.6) | (1.6) | (0.2) | N/A | N/A |
| 2013E | 1.4 | (0.1) | 0.0 | 0.0 | N/A | 1034.1 |
Last updated on 18/04/2012
Latest research
2012 a pivotal year
Update | Oil & Gas | 26/03/2012
Lower cost fuel
Outlook | Oil & Gas | 16/11/2011
Monetising the heavy end of the barrel
Review | Oil & Gas | 21/11/2008
Two stage strategy
Outlook | Oil & Gas | 25/01/2008
Turning black to green
Update | Oil & Gas | 28/06/2007
Strategy on track
Update | Oil & Gas | 26/03/2007
Profit from Black Milk
Outlook | Oil & Gas | 23/11/2006
Investment summary
The interims show that Quadrise continues to make progress in three key projects. A sea-trial on one of Maersk's container ships, supported by partner AkzoNobel, is underway. This will be followed by a second phase involving a wider range of Maersk vessels. Discussions with Saudi partners on a framework for licencing MSAR and setting up a pilot are still ongoing, although they now relate to a much wider business prospect than originally envisaged. Discussions with PEMEX in Mexico appear to be at an advanced stage, potentially leading to a pilot later this year. Net cash consumption totalled £1.5m, including £0.5m for an MSAR manufacturing unit,leaving £2.4m cash at the end of December 2011, sufficient to reach commercialisation in FY13.
Last updated on 23/04/2012
Industry outlook
Quadrise has the licence to manufacture and market an environmentally friendly substitute for heavy fuel oil that can be sold at a material discount to traditional fuels and is branded MSAR.
Last updated on 23/04/2012
Key management
| Ian Williams , Chairman |
| Hemant Thanawala , FD |
Company address
| Parnell House 25 Wilton Road London SW1V 1YD United Kingdom 020 7550 4930 View website |
