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600k cash - topline growth 74%, forward PE of less than 5 once cashstripped out (LOQ)     

glennborthwick - 22 Aug 2006 14:46

First class interim results
top line growth 74%, yet costs only up 24%
they will have the best part of 700k cash at year end

corporate synergy note suggest eps of 2.09p for the year , current share price 17p

dollywood contract very likely
more parks very likely
no debt

LOQ must be one of the best risk reward plays out there

oilyrag - 19 Dec 2006 13:54 - 19 of 124

Come on glen we havn't heard from you for a while, after all this is a discussion board and reflects more than one viewpoint. What are your current views with regard to LOQ, are you still as optimistic as before? Have you taken a profit yet, ready to go back in? What are your estimates for the PE ratio now after the last RNS? Looking forward to hearing from you. Oily.

oilyrag - 08 Jan 2007 14:27 - 20 of 124

Just been having a look at LOQ historically and found all the above ramping to be a bit misleading. Please forgive me if I'm wrong but as this thread suggests this was the start of new contracts for LOQ. Why then have I found SP to be well over the 100p mark in 2002 and rns's relating to 6 flag parks 4 year contract with LOQ ending in Dec 2006. I know that this has since been extended but the original information given here is inaccurate. I have just re-assessed my new entry point into this one, it is now under 10p.

glennborthwick - 14 Jan 2007 22:24 - 21 of 124

sorry dont populate here - but at the site which begins adv you can see my research. The court case was a shock but is done and dusted , they would have made 300k but for it on a market cap of 4 million.

The original contract 4 years ago was for 6 then 10 parks but cash problems led it to stop at 5 of whcih 4 were run by six flags staff not loq's. Its worth noting that the site where Loq opertaed the system revenue was 50% higher than the other parks on a per capita basis.

Rumours are dollywood are keeping it for 2007 and 2 new six flags parks have been announced so 2007 they should be running 7 six flags parks and 1 dollyowwd in comparison to the 1 plus 4 in other management in 2006. ALso shapiro six flags ceo announced group sales for 2007 are running 34% ahead of last year and season ticket sales 50% ahead of last year - you can imagine the affect on attendance. Also 2006 was a very wet weekend year at the sites so comparables will be easy to beat. WIth sucha low fixed cost base 60% of the extra revenue will drop tot he bottom line and i suggest they will make at least 1 million next year and I expect the share price to triple on the back of it. COme back i 15 months time and i expect the share price to be 75p-100p

glennborthwick - 14 Jan 2007 22:28 - 22 of 124

i forgive you as you are wrong oilyrag - even basic research would show that loq has been in six flags for four years. the new contract extends it from 5 (1 run by loq, 4 undermangement) to 7 and we have dollywood possibly.

glennborthwick - 14 Jan 2007 22:43 - 23 of 124

argos - results end of march normally although we now know pre exceptional 600k they would have made 300k. the next interims next autumn will be the key but if you watch what shapiro says at his quarterly six flags calls you can fairly easily predict whether loq are hving a good season or not

glennborthwick - 15 Jan 2007 08:55 - 24 of 124

heres the link
Text Size:|| E-mail Print Subscribe E-mail Alerts
SHARES RISE 31 CENTS
Season-pass sales up sharply at Six Flags
Posted by the Asbury Park Press on 01/13/07
Six Flags Inc., the second-biggest U.S. theme-park operator, has sold 50 percent more season passes than it ever has before by this point in the year.

Total group sales rose 34 percent compared with a year earlier, Chief Executive Officer Mark Shapiro said Friday. Season-pass and group sales account for 50 percent of attendance.


glennborthwick - 09 Feb 2007 08:57 - 25 of 124

for those interested LOQUSA website has been updated yesterday to show two new locations - sf great america and la ronde (a canadian sf site). ALso dollywood is showing. With 8 parks this year they should make 1 to 1.5 million net on a market cap of less tha 4. I therefore expect a 300% rise after 2007 results in ayear and a months time.

argos7 - 11 Feb 2007 15:50 - 26 of 124

thanks for that loq share price has had a good week, I will probably be investing soon in march. loq are also selling there q bots on the internet before hand for the parks? saves queing at the parks..... also recruiting staff i reckone loq will be a 1 be end of sept.

glennborthwick - 26 Feb 2007 08:23 - 27 of 124

dollywood deal and exp
ansion confirmed - six flags expansion deal imminent (next three weeks) , maret cap still 4.5 million and these will make 1 million this summer - no brainer

argos7 - 01 Mar 2007 17:54 - 28 of 124

loq looks a better price now after what has happened to the markets this week and loq should improve because of the so called US growth decline and holidays taken at home!

glennborthwick - 12 Mar 2007 15:32 - 29 of 124

and gas prices down- look out for six flags update thursday evening. I hear season ticket sales are well up. Stron performance today for loq - up 18% - i expect finals to be out soon after sf update with new park annoucnement alongside it

argos7 - 12 Mar 2007 16:53 - 30 of 124

LOQ had a good day again today glen, spread is very high. I wished I purchased at 25p ish sometime last week!

glennborthwick - 12 Mar 2007 23:37 - 31 of 124

Posted: Mon Mar 12, 2007 11:35 pm Post subject:

--------------------------------------------------------------------------------

loq have announced prices for 2007 5% higher than last year and Im told 10% more capacity

Factor in more gold q bits I expect this years revenue to be around 2.8 million from exisiting parks, 1.2 million from 3 new additions making a total of 4 million. cost of sales 1.2 million and fixed costs of 1.5 million means a profit next year of 1.3 million - market cap today of 5 million

i think fair pe is 12-15 so share price this time enxt eyar should be 120p - 140p

price now 30p

argos7 - 13 Mar 2007 23:29 - 32 of 124

thanks again for the update glen, I am looking to get in sometime soon, I am hoping the US retails sells drive the price lower this week.

argos7 - 28 Mar 2007 21:41 - 33 of 124

glen LOQ results fiinish in 15 month intervals this year to march 07 as last year was 15 months to dec 05, i purchased to early as though results were out late march.... Results out i guess in may/june. Thens thats the time to buy more, the new park is on the map on the LOQ website I noticed not been to press yet!

glennborthwick - 08 May 2007 15:37 - 34 of 124

hi argos - the 15 month timeframe wwas a one off as they wantedto move the results to a similar pattern as the themepark industry im expecting a six flags update wednesday tehn moe end of June. thempark attendees are reporting loq's qbots being in such demand they frequently sell out and we are no wwhere near peak season

argos7 - 08 May 2007 19:31 - 35 of 124

thanks for the update glen, it seems to good to be true that the qbots are selling out this early in the season, I hope they can be moved to parks were demand is higher, I ask this at agm! Maybe 6flags can pay 4 more qbot to be built.
Sixflags update tommorow there a flash pass link on the six flags website and you can buy qbots on there site, I hope loq get a decent % of online flash pass sells! I estimated 2 million profit a bit OOT i feel! Will be buying more if six flags update is good!

glennborthwick - 10 May 2007 10:52 - 36 of 124

sicxflags update excellent even called stellar by one analyst - park spending up 20% on 10% less operating days. CEO quoted as saying qbot flashpass sales early season are "very strong". The vip program which includes a qbot is set for higher prices due to demand. Dollywood qbots are selling out daily as well. Next six flags update end of June . Its what i love about this stock is the visibility. You get these clear updates from six flags well in advance of loq updates so you know how the season is going. 70% of all income will now drop to the bottom line and I expect them to make 1 million this year so a pe of 4.5 on a growth of 300%. Its a no brainer that the share price will be three digits in 18 months time.

argos7 - 10 May 2007 13:09 - 37 of 124

cheer glen, i listened to the update online so much info in it that I have to listen again, attendance up 6%, true about less operating days which will mean more qs!!!! hence more need for flash pass/qbots I am confused that six flags seem to think they own the flash pass though! 27% increase in online tickets sells, more flash pass seems to be required and seems that only VIP tickets will get them in summer....???? 1st quarter is only 5% of sixflags income..., from what been said it will be a lot higher for loq!

glennborthwick - 15 May 2007 11:38 - 38 of 124

not quite right about only vip customers getting them in summer. The number of flash passes are limited but are substanially mroe than last year - its also a fluid pricing system so on quiet days they are 30 dollars and on busy days 40 dollars so loq have a great deal of pricing power. 70% of all extra income will drop to the bottom line - im expecting income to nearly double to 4 million and profits to be over a million this summer
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