Additional Information
Market: AIM
Sector: Travel, Leisure & Hospitality
EPIC: LOQ
Latest Price: 299.00p  (1.36% Ascending)
52-week High: 332.00p
52-week Low: 145.00p
Market Cap: 51.66M
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Lo-Q plc is an AIM (Alternative Investment Market - London Stock Exchange) listed company with active subsidiary companies in USA and Canada. Lo-Q design, install and operate systems which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Their new flagship product, VQ²º²º is a true virtual queuing system for theme parks. Lo-Q's proprietary hand-held units, called Q-bots, are used in major theme parks around the world.

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Lo-Q: Recent deal flow should support growth of virtual queuing innovator - Edison

3rd Feb 2012, 3:36 pm by Giles Gwinnett Since joining the company in October 2010, chief executive Tom Burnet has injected new life into Lo-Q, he added

Lo-Q (LON:LOQ) has established an "attractive niche" with its virtual queuing solution products and its recent deal flow should support growth, says research house Edison.

Analyst Richard Jeans said in a note new product launches broadened the firm's addressable markets beyond theme parks and the recent deal with MasterCard strengthened the company's plans.

Since joining the company in October 2010, chief executive Tom Burnet has injected new life into Lo-Q, he added.

On Tuesday this week, the company revealed it was to install its Q-band for water parks in another US theme park run by Six Flags -  the world's largest regional operator.

On January 18, it said it had won a contract to install its wristband system at a water park in Long Island, New York in a three year agreement with Palace Entertainment - the largest operator of water parks in the US.

And on January 12 this year, the firm revealed it had won a contract to install its Q-bot system at a theme park in Germany - LEGOLAND Deutschland - again for three years.

It followed the success of the company's systems at two other Merlin Entertainment sites - LEGOLAND Windsor in the UK and Heide Park -  also in Germany.

"The group’s Q-bot products are used by four of the 10 largest theme park operators globally, while the newer Q-band is opening up new markets, including water parks. Mobile phone-based solutions are offered for single attraction operations," said Jeans.

The Edison analyst went on to say he expected robust sales growth of 16 per cent for full year 2011, with recent deal flow driving 29 per cent growth in 2012 with EBIT growing by ten per cent and 24 per cent respectively.

"The model is cash generative and the balance sheet is strong, with estimated net cash of £7.1 million at end FY11," he added.

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