Mar 04th 2013 - Edison Investment Research today published a report on Quadrise Fuels International (QFI.L, LSE:QFI, LON:QFI) entitled "Derisking The Investment Proposition". In summary, the report says:
During H113 Quadrise has taken significant steps towards derisking the business, making substantial progress with regards to the Marine MSAR and Saudi projects, and embarking on new projects in Latin America and with a global oil major. Cash from the October placing is expected to see the group through to the early revenue phase. We adjust our indicative valuation from £126m (16.3p/share) to £150m (19.4p/share).
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »