Une consommation de cash bien plus élevée qu’attendu - SOUS REVUE vs NEUTRE - OC S.R (vs 14,4€)
La société a annoncé un CA 2015 de 2,3m€ (vs 2,4m€ en 2014) et un début des ventes de l’unité de Sinès en toute fin d’année. Ces retards ont été l’occasion d’améliorer le process et ECOSLOPS est maintenant en mesure de raffiner 98% des slops. De plus, l’investissement nécessaire aux prochaines unités a été ramené de 20m€ à 10/12m€. Si la société a confirmé son plan de marche et ses ambitions pour 2017, sa trésorerie (1m€ au 31/12/15) la conduit à réaliser un placement privé de 5,5m€ souscrit à 36% par des actionnaires existants. En attendant son résultat, nous changeons notre recommandation de NEUTRE à SOUS REVUE.Ecoslops SA. Ecoslops SA is a France-based company principally engaged in the converting pertroleum residues from shipping (slops and sludge) in new marine fuels recycled. The Company offers seaports, residues collectors, ship-owners and bunker suppliers with a technology to recycle oily waste of ships. Ecoslops SA is active in promoting the development of the P2R unit by its incorporation in a more global plant: Oil Waste Processing Plant (OW2P). The OW2P technology combines a refining petroleum process (P2R) with appropriate clean water. The Company recycles the waste in order to be used in electricity production and steam production among others. The Company's fuel production is located in the port of Sines, Portugal.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.