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LOQ Lo-Q

680.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lo-Q LSE:LOQ London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 680.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 680.00 GBX

Lo-Q (LOQ) Latest News

Lo-Q (LOQ) Discussions and Chat

Lo-Q Forums and Chat

Date Time Title Posts
27/12/201517:43LOQ.....Hi-tech Queue eliminator10,754
11/10/201313:59NO-Q with LO-Q548
23/6/201318:40MARKET CAPP 600K YET STUNNING SUMMER!! PILE IN2,866
16/12/201014:39Lo-Q: Summer 200334
25/6/201009:44Why haven't Six Flags taken them over?10

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Lo-Q (LOQ) Most Recent Trades

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Lo-Q (LOQ) Top Chat Posts

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Posted at 27/12/2015 17:43 by topvest
This company depresses me. Bought a chunk of shares at 2.7p many years ago, and on average 20 bagged or something. Look at the share price now and it still hasn't paid a dividend. Wished I'd kept a few!
Posted at 12/11/2013 07:19 by orange1
RNS Number : 7507S

Accesso Technology Group PLC

12 November 2013

12 November 2013

accesso(R) Technology Group plc

("accesso" or the "Group")

Trading Update

- Strong year-on-year financial performance -

- Adjusted profit before tax and net cash generation anticipated to be ahead of market expectations -

accesso Technology Group plc (AIM: ACSO), formerly Lo-Q plc, the premier technology solutions provider to the global attractions and leisure industry, is pleased to provide an update on trading for the 52 week period ended 3 November 2013. The performance achieved in this period shows significant growth across key metrics, serving to highlight the enhanced scale of the enlarged Group and the increased growth potential now open to it.

As previously announced, the Group has changed its accounting reference date to 31 December. This better aligns the Group's year end with those of its major customers and with the sector in general. As such the Group will announce actual audited results for the 14 months ending 31 December 2013; audited results for the 12 months ended 4 November 2012; and pro-forma results for the 12 months ended 3 November 2013 by 31 March 2014.

Financial update

During the period,accesso has delivered a strong financial performance, with good organic growth supplemented by the performance from the acquisition of accesso LLC in December 2012.

Group revenue has increased by 29 per cent. year-on-year to deliver revenue that the Group anticipates will be broadly in line with market expectations for the period. Adjusted profit before tax for the period (excluding the amortisation of acquired intangibles, acquisition costs and share-based payments) is expected to be comfortably ahead of current market expectations and at least 48 per cent. ahead of the performance achieved in 2012. Cash generation, excluding acquisitions and share issuances is expected to be 91 per cent. higher than 2012, resulting in a closing net cash position of GBP3.32m, significantly ahead of current market expectations.

The substantial growth has been driven both by the acquisition of accesso LLC and by excellent sales momentum across each of our Group's business areas. During the period we have continued to win new mandates for all of our solutions and expanded our offering to existing customers.

Good summer weather drove attendance and revenue growth across our geographies, with strong growth in North America complemented by a strong performance in Europe. Overall attendance increased by 3.4 per cent. year-on-year, with certain parks across our estate experiencing several record-breaking days in respect of both queuing and ticketing solution sales.

Operational update

The Group has secured a number of significant operational achievements during the period. Our teams are working closely together under our new Group name and have already secured several new business wins that demonstrate the strengths of our enlarged offering. We have continued to invest further in our extensive patent portfolio and are committed to the protection and extension of this portfolio as we move forward. We also continue to actively explore further opportunities for growth via acquisition, in line with our stated strategy.

The most significant operational highlights from across the Group can be broken down as follows:

accesso LoQueue(SM)

The Group's patented virtual queuing solutions are now marketed under the umbrella accesso LoQueue. During the period good sales momentum has been seen across the accesso LoQueue portfolio at both new and existing customers, registering an overall 8% increase in revenues, excluding growth related to the acquisition.

During the period we successfully launched Qsmart(SM) : our smartphone-based queuing solution, which is now operational in three parks around the world with a further park ready to deploy the system in the coming months. Walibi Holland, one of the Netherlands' leading theme parks was the first European park to adopt Qsmart(SM) back in October 2012. The solution was installed in time for the important Halloween 2012 weekend and, during the same weekend this year, the park has seen a significant and encouraging improvement in sales.

During the period we also established an exciting, new relationship with Village Roadshow Theme Parks, agreeing to install Qband(SM) , our water park queuing solution, at both Wet'n'Wild Las Vegas and Wet'n'Wild Phoenix water parks. Qband was also installed at Raging Waters, San Dimas, extending our relationship with Palace Entertainment; Dollywood Splash Country (Herschend Family Entertainment); Camelbeach Mountain Waterpark; and the water park of a major North American operator which is the third park we now serve within this group.

accesso Passport(SM)

The Group's ticketing, mobile and eCommerce solutions continue to be marketed under the umbrella accesso Passport and each has performed strongly. During the period the Group saw a total like-for-like increase in ticketing volumes of 11 per cent., with particularly strong growth in the sale of membership and season pass programs offered by several of our operator customers.

Growth in newer ticketing solutions was particularly encouraging, with like-for-like eCommerce volumes increasing by 9 per cent. year-on-year and like-for-like mobile ticketing volumes increasing by 324 per cent. year-on-year. At the period end more than 40 venues were using an accesso Passport mobile solution and mobile ticket sales accounted for 2.7 per cent. of total tickets sold: up from just 0.5 per cent. the year before.

The accesso Passport mobile app platform also achieved an important milestone in 2013, having broken through the 2.75 million download mark.

Earlier this year the Group signed an important new business agreement with AAA - The Auto Club Group. This agreement saw the second largest AAA club in North America select accesso Passport to become the club's exclusive eCommerce ticketing solutions provider to approximately 8.8 million members across eleven states and two U.S. territories.

Tom Burnet, Chief Executive Officer of accesso Technology Group said:

"I am delighted to report that the excellent momentum I highlighted earlier in the year has continued. We have driven sales across our entire product suite; won mandates with new and existing customers; and seen our solutions set new records for the number of tickets sold and park guests taken out of queue lines. This has been a great twelve months for our firm and the opportunity open to us now as an enlarged Group is significant.

Our mobile solutions continue to excite me. As global smartphone adoption continues to accelerate we are well placed to ride this trend, using it to bring our solutions more quickly and powerfully to life in the hands of park guests and deliver a greater return for operators that deploy them.

With the theme park operating season now drawing to a close, operators will once again be evaluating ways to maintain and improve their guest experience for next year. As in previous years, we expect this decision-making period to result in further positive news for the Group in the months ahead."

For further information, please contact:


accesso Technology Group plc +44 (0)118 934 7400
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer

FTI Consulting, LLP +44 (0)20 7831 3113
Matt Dixon, Lucy Delaney, Jessica Liebmann

Canaccord Genuity Limited +44 (0)20 7523 8000
Simon Bridges, Cameron Duncan, Kit
Stephenson
Posted at 24/10/2013 08:37 by itchycrack
Hi glenn, nice to see you on the boards again, I'm still in LOQ from those sub 10p days. I've actually shifted some of my LOQ profits over the past month into ATUK, ACM, THAL and NANO, but LOQ still the biggest holding in my SIPP. Good luck with whatever you decide to invest in.
Posted at 23/10/2013 23:41 by glennborthwick
Great to be back. Bit of a cathartic moment. For a year or so I haven't even been able to look at the share price for the "what could have been factor", but if I can do it once I can do it again. It will be interesting to see if I am still good at this game.
Posted at 17/10/2013 09:39 by davidosh
Spud...I am sure there are still quite a few of the original holders with over 50000 shares in the company but in the last two years we have to accept that there has been a major shift across from PI holdings to Institutional holdings which often happens in growth companies as they develop to a size where the instos can hold them in sufficient size to make their involvement and interest worthwhile.

The reverse applies to a private investment. Unfortunately I have to run a sensible portfolio weighting and position sizing restriction which means any holding that goes over 8% of my overall equity exposure will be reduced or put on a strict stop loss programme to sell small percentages at intervals so as not to hit the market when demand is not there. My LOQ holding is still nearly twice the size of the second largest holding in my portfolio and it does at least allow me to sleep soundly as I would not want 20% of my eggs potentially in one illiquid stock in an Aim basket !

If I had not sold some of the shares then my holding would certainly have been worth much, much more but fortunately I am pretty good at spotting opportunities and investing wisely elsewhere so those stocks rising even faster than LOQ in the past year have actually saved me from selling any more LOQ. Indeed LOQ is now at a lower percentage than 8% so if there were to be severe price weakness for no obvious reason then I could actually be a buyer again.

Whatever happens from here LOQ will be in my top five all time most profitable investments just based on the fraction that I have sold. That is a nice position to be in.
Posted at 04/9/2013 18:38 by davidosh
Lots of mention for LOQ and the Qbots and Qbands in tonights Evening Standard with a feature on theme parks....

hxxp://www.standard.co.uk/business/media/gideon-spanier-theme-parks-are-on-an-upward-ride-8797761.html

Lo-Q, the London-listed technology firm behind Q-Bot, the handheld queue-busting device for theme park visitors, has seen its share price leap 83% in the last year and tenfold since 2009

Operators are looking at other ways to use technology. Visitors to Legoland Windsor can pay from £15 a head to rent Lo-Q's clever, handheld Q-Bot device, which lets users reserve a place at a ride in, say, half an hour's time, rather than queue. Lo-Q also offers digital wristbands in some US parks, allowing users quick access to rides.

The next big thing is mobile, letting users turn their phone into a digital pass from entry to the park to using rides and even accessing their hotel room. "We're all getting more technology-literate," says Tom Burnet, chief executive of Lo-Q. "Consumers are coming to the park and expecting to use their phone to add to the experience. The iPhone and other phones have opened their eyes to the art of the possible."

Disney has pioneered its own digital wristband, called My Magic Plus, in Florida, and is looking hard at mobile.
Posted at 03/7/2013 09:20 by davidosh
I totally agree with Martin. Those who are long term holders will appreciate this is a long ride and just like the theme parks there will be roller coaster movements when so much is being built into the future. It is clear that we may see another acquisition at some point this year and a much larger business servicing the entertainment and leisure sector across the world is being built from within LOQ.

Tom and now SB in the US are very heavily supported by institutions with big names on the register. Whether the share price in £5 or £7 today does not interest them and the stock split will not create additional liquidity if there are simply no sellers because everyone is holding for the future.

I have been here nearly ten years and personally feel more comfortable and at the same time enthusiastic for the future than at any time before. Short term price movements on very low volumes are immaterial to me but I can understand TB being keen to see a strong share price if he is considering a paper deal and the vendor wants to see the LOQ currency as fairly stable too.

I think the Sanderson deals are starting to come through now....theme parks are slow to change their habits but that does mean recurring revenues once you are in will be greater too...stickiness with repeat business is a good combo at LOQ.
Posted at 03/7/2013 09:05 by shanklin
Yes, thank you David and Tom for setting this up.

My personal view on a couple of peripheral points that were raised.

- Stock splits are something which raise money for hangers on, such as NOMADs, but do nothing for shareholders, so I cannot see any point in that

- Whilst it has increased volatility in the short term, the new dealing arrangements are completely irrelevant to LOQ's short-term and long-term prospects. As Benjamin Graham identified, in the short term the market is a voting machine but in the long-term it is a weighing machine.

So LOQ need to focus all their attention on building the business, not get distracted by whether some small trade has moved the share price by a few percent.

Best wishes, Martin
Posted at 03/7/2013 08:46 by rivaldo
Cheers David, much appreciated. I had to leave after an hour, but it seems that LOQ's prospects are as good and TB as enthusiastic as ever.

It was particularly good to hear TB enthuse about just how good the accesso acquisition has been, since this was obviously a slightly more risky step into the unknown for LOQ. The accesso management appear to have sharpened up LOQ's own operations and surpassed all expectations.

As Spud says, the share price/market cap targets mentioned are rather enticing!

The high level of institutional support indicates that these targets may well be possible/likely assuning LOQ's performing to expectations and innovating into the sort of new markets mentioned.
Posted at 20/3/2013 13:19 by markt
A cynic (like me!) may think that the recent rocket run up in the LOQ share price was due to insider trading knowing that this deal was about to be announced.
Lo-Q share price data is direct from the London Stock Exchange

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