Lo-Q Share Discussion Threads

[davidosh] 13/2/2013 11:03

Some more info and commentary here....

Burnet believes there will be many more deals on the cards this year for Q-Smart, which allows park visitors to plan their day beforehand on their handsets, skipping queues by booking tickets and times for rides in advance.

He wants to replicate the efforts of recently acquired US ticketing group accesso, which saw over 1.1mln people download its mobile app last year.

"The world is moving to a smartphone world. Within a year or two, 4G is going to be pervasive. Getting data that quickly means a huge amount in our world," said Burnet.

The company struck a partnership in September with Sanderson Group, a top Australian multi-national theme park attraction designer and manufacturer, in its bid to crack the lucrative Asian market.

Lo-Q will be looking to reap the rewards of Asia's untapped potential in 2013. Notably, talks so far have only involved launching its smartphone solution rather than its flagship Q-Bot system.

Burnet also suggests there will be more news this year on intellectual property (IP) as it fends off any competition from its rivals, as well as more "sensible, earnings-accretive acquisitions" in the same vein as that of accesso.

"I'm trying to build the largest technology supplier to the leisure and entertainment business and where we find companies that help us down that path, we're going to go see if we can do sensible things with them," said Burnet.

"We've bought a fantastic American business and the next one might be American, it might be Korean – we're not limited by size or geography."




It looks like TB is into a major build phase and smartphones seem to be where he is focussing attention now.

[sebass] 12/2/2013 17:03

The accesso aps on each individual park are very well designed and very functionable

[davidosh] 12/2/2013 16:51

The weather was actually not a help at all in 2012. In a good year with very warm but not too hot conditions in the main holiday periods I am sure attendances will hit records and LOQ revenues could literally surge through £40m in 2013. I think forecasts at £38m turnover are there to be beaten and upgraded through the season.

[rivaldo] 12/2/2013 16:12

Good interview with TB - and Canaccord have raised their target to 500p:



- the story has"only just begun"
- Q-Smart is a "colossal opportunity"
- more news on IP to come
- another acquisition in the pipeline?

Canaccord say:

"Broker Canaccord Genuity believes the company is positioned to see "strong profit growth" in 2013 based on the large number of new sites it began operating at last year.

Analyst Bob Liao, who raised his target price to 500p from 440p, expects to see accesso adding to profit growth this year.

"With more normal weather patterns this year, we believe Lo-Q's growth from its original customer base could accelerate," he added.

Profit before tax in the year to November 4 was £3.2mln, up 16.7% from £2.7mln the year before, on revenue that rose 18.7% to £29.1mln.

The group ended the financial year with net cash of £8.9mln, up 18.9% from £7.5mln a year earlier."

[rivaldo] 12/2/2013 11:25

New 12 page Edison note out - they've slightly increased their EPS forecasts for this year and next. No mention of the IP licensing AFAICS, and a 468p valuation:

[orange1] 12/2/2013 10:16

It could be that it was done in the context of the patent infringement litigation with Qless but as far as I can tell that case is still ongoing.

[igbertsponk] 12/2/2013 09:14

Someone should ask him if its a big deal or a Mickey Mouse one.

[shanklin] 12/2/2013 09:01

The sentence about IP licensing was certainly the most interesting in today's RNS.

The only thing I find curious about it, is that this licensing has not previously RNS'd when the deal was signed. This suggests the deal is not material in its own right albeit I guess it could lead to something that is?

It will be interesting to find out how much more TB is able to say about this at investor presentations.

[igbertsponk] 12/2/2013 08:53

"the signing of an IP licensing agreement for one of our patent families"

Disney ? Could be, they must surely have impinged on LoQ tech with their latest offering.

[glyn10] 12/2/2013 08:14

Great results, nice to see more positives for the future, very upbeat !!

[spud] 12/2/2013 07:41

Great results ahead of expectations. Very upbeat forward looking statement (more so than last year).Licensing of outgoing IP.Concentration of expansion into new Markets.Imminent release of additional contracts hinted at.Share price at an all time high.Does it get any better I wonder?spud

[rivaldo] 12/2/2013 07:33

Yep, excellent results and outlook - EPS is slightly ahead of the 14p EPS Edison forecast (haven't got Canaccord's to hand).

The narrative is full of confidence and expectation.

I was intrigued by the paragraph about IP. I don't think we were aware that this year saw "the signing of an IP licensing agreement for one of our patent families"?

This could be a very exciting way forward for new revenue streams with no additional costs.

[someuwin] 12/2/2013 07:25

Commenting on the results Tom Burnet, Chief Executive of Lo-Q, said:

"I am delighted to report on a profitable and exciting year for Lo-Q. The strength of our products and their clear end-market appeal has enabled us to continue to drive sales across all segments, securing not only landmark wins for our newest smartphone based system, but also retaining the trust and confidence of some of our longest-held customers.

"In previous years I have used these reports to talk of my excitement and confidence in the year ahead. Such sentiment is particularly true this year, with the transformational acquisition of accesso complete and the technology, operations and sales synergies we expected already beginning to prove evident. I have great confidence in the abilities of our expanded team and in our prospects for the months ahead."

[igbertsponk] 12/2/2013 07:13

Not bad results. Banking deal good. More goodnews soon.

[rivaldo] 11/2/2013 18:33

No-one can surely have bought in purely for the figures, or even for any specific news since it's very rare to have news announced alongside results (well, maybe if the results are bad sometimes!).

As long as the outlook remains rosy and the prospects for accesso etc lok good I'll be happy.

[sir leonardo] 11/2/2013 18:26

WELL WELL WELL!!!!

SIR IS PLEASED TODAY WAS BEST AND GOOD TOMORROW I WILL TRY TO GET AWAKE EARLIER THAN 2PM. GO LO Q!!

[igbertsponk] 11/2/2013 16:49

I expect decent results - they'd have held back the Blackpool deal otherwise.

[spud] 11/2/2013 16:44

Indeedy - I'll be scrutinising the forward looking statement v closely for clues.

I don't believe we had such a pop before results last year (tho' i could be wrong) so there is a fair expectation level here..

spud

[orange1] 11/2/2013 11:36

Results tomorrow.

[igbertsponk] 11/2/2013 11:30

Cooking on gas today.

[rivaldo] 11/2/2013 08:32

Buying at 430p now...

A bit chilly up the Big One (ooh er missus) at present davidosh :o))

[davidosh] 10/2/2013 23:17

Incidentally BPB opened yesterday for the 2013 season but weekends and half term only until Easter. There was a 45 minute queue for the Big One according to Twitter

[sir leonardo] 10/2/2013 23:06

Some you win i have learnt a valuable lesson tonight that the ANGRY ANTICS only lead to more drinking. I thank those tonight who have helped me by kind words and not retorts. Iwill try to behave. BPB is a great park and always will be you dont walk miles to get from one ride to another. I still love the wooden coaster that i took my wife on all those years ago.

[someuwin] 10/2/2013 22:46

Sorry to hear your story sir leonardo.

Be strong.