Lo-Q Share Discussion Threads

[smarm] 26/6/2013 15:15

david - I'll find out later whether I can get a dog sitter for next week. Might be tricky but I would like to come.

Usual place?

S

[rivaldo] 26/6/2013 14:14

A mention on UK-Analyst FYI:

"Canaccord Genuity retained its "buy" stance on virtual queuing systems provider Lo-Q (LOQ) with a target price of 680p. The broker is impressed with the group's recent trading despite adverse weather conditions in Europe. Furthermore, Canaccord believes that the group's Accesso business will deliver a strong performance in the second half of the year because of the high level of operational gearing and high gross margins."

[lucky_punter] 26/6/2013 11:46

UPDATE: Lo-Q reveals good sales momentum in first half
By Jamie Ashcroft June 25 2013, 1:11pm

The Q-Band product is now being deployed in a number of new parks.The Q-Band product is now being deployed in a number of new parks.
--Adds broker comment--

Specialist technology firm Lo-Q (LON:LOQ) revealed good sales momentum for its virtual queuing products in its interim results and said the acquired Accesso business is performing ahead of plan

[rivaldo] 25/6/2013 22:36

Quite a vote of confidence from a non-exec. Good stuff.

[spud] 25/6/2013 18:03

He obviously feels that the share has a deal to go as yet. All good news and I don't think he'll be the last Director buying this year..spud

[davidosh] 25/6/2013 17:18

That is twice the value of his non exec pay invested into the company....

Lo-Q (AIM: LOQ), the AIM-listed technology solutions provider to the attractions and leisure industry, announces that it received notification today that Mr Matt Cooper, a Non-Executive Director of the Company bought 5,000 ordinary shares of 1 pence each ("Ordinary Shares") on 25 June 2013, at an average price of 528p each representing approximately 0.03% of the Company's issued share capital. Consequently Mr Matt Cooper holds 22,442 Ordinary Shares representing 0.12% of the Company's issued share capital.

[spud] 25/6/2013 16:15

I would expect Tom to be pressing the Institutional flesh over the next few weeks with a corresponding rise in the share price.

spud

[rivaldo] 25/6/2013 13:45

Broker comment - Canaccord reiterate their Buy and 680p target:

hxxp://www.proactiveinvestors.co.uk/companies/news/58339/update-lo-q-reveals-good-sales-momentum-in-first-half-58339.html

"Emphasising that, for Lo-Q, first half results aren't a reliable predictor of full year performance, City broker Canaccord Genuity repeated its 'buy' recommendation with a 680p target (current price 530p).

"We believe Lo-Q is positioned to see strong profit growth in FY13 based on the large number of new sites that it began operating in FY12," analyst Bob Liao said in a note.

"Lo-Q began operating at 14 new sites in FY12 on top of 11 existing sites. While the new sites made early contributions to revenue growth in FY12, they would not have contributed to profit growth since adoption rates typically only allow Lo-Q to break even in the first year.

"In addition, Lo-Q has very large customers with only early stage implementations. These parks could drive a step change in Lo-Q's revenues if penetration of their large park attendees accelerates significantly.""

[ikn] 25/6/2013 11:38

Davidosh...
Wishful thinking on my part. Avg. rev / park was something I calculated. The information which I was looking for in the report was the total number of parks (or individual locations) they operated in over the financial period. The website only lists qbot/qtxt locations (16) which does not give the full picture.

[rivaldo] 25/6/2013 11:27

New Edison report out today, maintaining forecasts and concluding:

hxxp://www.edisoninvestmentresearch.com/research/company/lo-q

Extract:

"Medium-term ratings could fall faster than we anticipate for several reasons, including: 1) We have conservative assumptions for new parks as they are difficult to predict; 2) Our 15% FY13 revenue growth for accesso could be too low; and 3) The potential for new revenue streams eg virtual queuing products in Asia and new verticals, cross-selling in the US and extending ticketing outside the US. However, these are balanced by uncertainties including the new parks and weather."

I note that they don't mention possible currency swing benefits this year from the US dollar's strength.

More interesting quotes:

"While accesso's precise revenues have not been split out, the company says its ticket sales increased by 32% over the equivalent period in 2012. Within the number there was a 90% increase in mobile ticket sales. This reflects the strong industry trend in ticket sales moving from the gate to home PC and to mobile device."

"While the group is yet to announce any deals in Asia in partnership with Sanderson Group, we note management's comment that there is a "strong and maturing pipeline" from this partnership. Finally, Lo-Q continues to seek additional earnings enhancing acquisitions to widen its targeted markets."

"We have maintained our forecasts for accesso, although we note the 32% growth in H1 ticket sales suggests our forecast of 15% growth in FY13 in sterling terms could be comfortably beaten."

[davidosh] 25/6/2013 10:29

Ikn...I am arranging a private investor results presentation for next Tuesday at 4.30pm and all are welcome. Do come along and raise any points you have or if unable to come send me a list of questions.

Where are you seeing avg revenues per park listed ?

[ikn] 25/6/2013 10:23

Thanks davidosh.
I agree management team are doing a great job building the business.
Though I'd like to see a bit more transparency in the financial reporting to allow investors to better track performance.
eg.
- I'd like the ceo to confirm accesso's revenue in the last financial year.
And revenue contribution in the interim results. Better still just give an organic revenue growth rate now they intend to pursue more m&a.

- Report avg. revenue per park (which they used to do)

[davidosh] 25/6/2013 09:19

Ikn...Annual revenue for accesso looks to be about £5m

smarm....spot on. I have previously forecast that revenues for the full year will be closer to £50m than £40m if the weather during the Summer is considerably better than last year. The weather was far from perfect in the first half but they still achieved above broker forecast revenues. At present as you correctly state they are on target for £38m to £45m of revenues in well below optimum weather conditions especially in Europe.

There is nothing in these results to worry long term sensible investors who know exactly what this team are capable of delivering in the next few years as the growth picks up pace with all the new park sign ups.

Anyway..I will be arranging a results presentation for those who want to hear first hand from Tom Burnet

[spud] 25/6/2013 09:08

490p isn't happening so took 1k @ 518.6pspud

[ikn] 25/6/2013 08:52

Does anybody have a figure for accesso's annual revenue?

[smarm] 25/6/2013 08:31

If 1st half typically equal 12-15% of revenue then they are on target to deliver expectations. 12% = £45m, 15% =£38m. I'm not sure what else we can ask of them.

S

[itchycrack] 25/6/2013 08:23

Fantastic results, couldn't ask for more. Well done to everyone at LOQ!
Happy days! :-) :-)

[spud] 25/6/2013 08:17

Just talking his own book. Buy order in @ 490p. spud

[bonio10000] 25/6/2013 08:17

Face bothered.

See you at 400p

[spud] 25/6/2013 07:58

Yup, still a good news story from this 'Super Stock'. Just need to penetrate that pesky Asian market.Well done Tom et al. Let's see £10 sooner rather than later :-)spud