Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on QUADRISE FUELS INTERNATIONAL. We currently have 9 research reports from 3 professional analysts.
|03Feb17 16:35||RNS||Price Monitoring Extension|
|31Jan17 13:15||RNS||Holding(s) in Company|
|25Jan17 15:46||RNS||Director/PDMR Shareholding|
|16Jan17 12:07||RNS||Second Price Monitoring Extn|
|16Jan17 12:02||RNS||Price Monitoring Extension|
|02Dec16 15:19||RNS||Result of AGM and Other Matters|
|02Dec16 07:00||RNS||AGM Update|
Frequency of research reports
Research reports on
QUADRISE FUELS INTERNATIONAL
QUADRISE FUELS INTERNATIONAL
05 Dec 16
"Ciao Matteo! Does Italy's decisive 'No' vote against Prime Minister Renzi's constitutional reform mean that European populists have now picked up the revolutionary baton? A tremor was certainly felt by the Euro as it became clear that around 60% of voters rejected the referendum, in a poll that had become more of a confidence vote on the Italian establishment which had only been seen to deliver low growth, falling standards of living, a banking crisis and 40% youth unemployment. Such an obvious rebuke suggests the caretaker government that will now be put in place, possibly let by the current Finance Minister Pier Carlo Padoan, will necessarily have a short tenure, leading to new parliamentary elections early next year, rather than running through to its scheduled February 2018. Whether that sets the scene for Beppe Grillo's anti-Euro Five Star Movement to go to the polls around that same time as France's own Presidential Election in May 2017, where current favourite Conservative Francois Fillon will be facing the National Front's Marine Le Pen, remains to be seen. Eitherway, the Euro is likely to become the principal casualty, as the markets look to Angela Merkel as the only leader capable of putting up a fight, as she herself heads to Germany's own Federal Election for a fourth term in the fall. Such fears were enough to unhinge Trump's bull run in the US last week, with the S&P-500 posting its first weekly decline since his election, with the Dow seeing profit taking amongst financials while other indices made just fractional gains as investors tried to judge whether the President-elect's overtures to Taiwan and Pakistan, to the apparent offence to major trading partners China and India, are in fact part of a sophisticated plan to strengthen the US's negotiating position or whether he is simply blind to the potential collateral damage being created. Asia meanwhile appeared to take fright from the Italian vote, fearing that without a strong government in place, the US$400bn of bad debt in its banking system could result in the collapse of as many as eight of the country's major banks, which could in turn to lead to systematic contagion around the globe. All principal indices in the region ended down, with the Shanghai Composite the biggest faller, although it was closely followed by the Nikkei as investors reverted to safe-haven buying of the Yen once again. Against this background, the UK is due to release Services PMI data and car registration figures this morning, while later this afternoon the Fed's William Dudley is due to speak followed by release of the ISM non-Manufacturing index. UK corporates due to report earnings or trading updates today include Evgen Pharma (EVG.L), Rex Bionics (RXB.L) and St Modwen Properties (SMP.L), while Ryanair (RYA.L) and International Consolidated Airlines (IAG.L) release November traffic data. European futures are, not surprisingly, all pointed down this morning, with the FTSE-100 expected to fall around 20 points in early trading." - Barry Gibb, Research Analyst
01 Nov 16
Since our last outlook note, Quadrise has begun to supply MSAR for extended LONO sea trials, paving the way for commercial adoption from calendar H217 onwards. In August it signed a memorandum of understanding with clients in the Kingdom of Saudi Arabia (KSA), which is a key enabler for progressing the production-to-combustion pilot there. In October it completed a placing and open offer raising a total of £5.25m (gross). This should enable it to transition comfortably to the commercial phase on successful completion of the LONO and KSA trials.
15 Sep 16
"With polls narrowing enough to suggest that Clinton’s lead over Trump ahead of the November 8th presidential election is now just 3 points, traders have finally started to ask the unanswerable - which will be the winners and losers? Quite a quandary. Market anticipation of the Republican candidate winning would be a severe heightening of the market’s greatest phobia, uncertainty and rising risk aversion. The first signs of this were evident overnight, not helped by FOMC conflict seemingly projecting stalemate at the Fed, as the US$ fell and bonds gained. This, in fact, follows the established historical pattern of the currency reacting more favourably to a Democrat in the White House. US equities that started their session strongly, gave nearly everything back by the close with only the tech-heavy NASDAQ registering a reasonable gain while energy stocks continued to weaken following continued US inventory build, the IEA report that foresaw the current supply glut continuing into 2017 and whose argument is being boosted by news of planned export resumption from both Libya and Nigeria. Asia was similarly mixed with the Nikkei the principal casualty on the back of stronger Yen due to forex traders switching US$ positions, while China was closed and gently selling of commodity stocks weakened the ASX. A number of market sensitive macro releases are due today, including the Eurozone inflation report and retail sales data from both the UK and the US. UK corporates due to report earnings include Morrisons (MRW.L), Next (NXT.L), Ophir Energy (OPHR.L), Tribal Group (TRB.L) and a Q2’16 update from Booker Group (BOK.L). Later in the UK trading session, the Bank of England is also due to disclose its rate interest decision; having told the markets last week that “we are very much not out of ammunition, nor are we trigger happy” Governor Mark Carney effectively added to traders’ growing doubts regarding the effectiveness of prospective central bank policy against a global backdrop of weakening growth. No change in the UK base rate is expected today. The FTSE-100 is seen down some 20 points in early morning trade. " - Barry Gibb, Research Analyst
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Opuama production restarts
21 Feb 17
Eland has confirmed the successful restart of exports from OML 40 through the new shipping alternative that it has implemented. Sales from the export terminal are expected imminently, re-establishing cash generation for Eland. Cash at YE16 was US$11.1m which has since reduced to US$5.9m, mainly reflecting initial operating expenses for the shipping alternative. While it is early days, Eland has demonstrated its ability to restart exports and production from OML 40 following the shut-down of the Forcados terminal a year ago. Production to date is averaging around 7kbd and we expect that to ramp up as Opuama operational performance improves. At US$55/bbl Brent, we estimate Eland is generating a net cash margin of around US$25/bbl. We reiterate our Buy recommendation and 95p per share Target Price.
Small Cap Breakfast
24 Feb 17
GBGI—Schedule One update from integrated provider of international benefits insurance. Raising £32m at 150p. Admission expected tomorrow. Anglo African Oil & Gas— Admission expected early March. Acquiring stake in producing near offshore field in the Republic of the Congo. Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb.
Operating update and shareholder activism
15 Feb 17
December and January have seen the emergence of shareholder activism at Bowleven (BLVN), bringing its strategy and management into greater focus. Its largest shareholder (Crown Ocean Capital, COC) evolved from being a supportive shareholder to voting against a number of resolutions at the December AGM, to recently calling for the widespread removal of the board and a radically different company structure. Operationally, the company reports that a new development concept is under review by the stakeholders in Etinde, where production would be piped to existing gas processing facilities in Equatorial Guinea. Such a solution would (if approved) require significantly less capex and could be brought online relatively quickly vs other solutions (fertiliser, FLNG, gas to power). We leave our valuation largely unchanged, save for a revision to cash holding to reflect the recent operational update. Our new core NAV is 49p/share.