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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

argos7 - 29 Aug 2006 22:06 - 5 of 124

totally agree with the above, i looked at loq 9 months back i wish i brought it!

glennborthwick - 30 Aug 2006 09:26 - 6 of 124

its not too late despite the 300% rise

market cap still under 3 million . SIgn up a few more parks and it should make a million a year in 2 years time - PE of 10 and its a 3-4 bagger

argos7 - 30 Aug 2006 21:16 - 7 of 124

yes the company is way undervalued with fantastic vitual qing product, i am waiting for the price to drop after the summer is over before finals come out, remember this is a seasonal company most share price action will occur in the summer months, loq needs its system in places like aust nz etc to make it all year round!

glennborthwick - 31 Aug 2006 08:47 - 8 of 124

how many companies with a topline growth of 74% and bottom line growth of 500% (they will make 300k this year against 60k last) have a sub 10PE, plus they will have 700k cash by the end of the year.

SIx flags attendance actually dropped 12% due to bad weather and the desireof the new ceo to drive out the teenagers who dont spend anything yet revenues continued to soar. If you factor in better weather next year and a massive six flasg marketing campaign in the spring aimed at families even from exisiting sites (plus dollywood) I expect turnover of over 3 million and profits in the region of 750k putting this on a forward PE of 4 , absolutely ridiculous - factor in either new six flags parks, or anothe chain licencing the technolgy and turnover could be up to 4 million andprofits 1.2 million

this is still a multi bagger pay off your mortgage share should they deliver as they have over the last two years - plus you have the safety of a company which will have 750k in cash sitting in the bank

glennborthwick - 05 Nov 2006 08:03 - 9 of 124

now up from tip price of 17 to 26.5 and did touch 30p yesterday. I am biased as I own 300k of these bought at 5 to 10p but i do see them going to 100p plus . still a market cap of unter 4 million for aprofitable company, with no debt, no massiv e options overhang, and in 2007 they will be in 7 possibly 8 parks instead of the 4 (of which 3 were managed outside of LOQ).

Massive risk reward play here

glennborthwick - 07 Nov 2006 16:44 - 10 of 124

if i was you id look at LOQ - this isnt your typical ramp

here are the broad facts;

market cap 3.8 million

cash in bank 700k

maiden profit of 300k due

now heres the growth bit - from just one site managed by them and 4 licensed out they made 300k. Next year they will have 7 and probably 8 site and all self managed - profits should be 1 million putting them on a ridiculous PE once cash is stripped out of just 3!!!

see loq thread for details

glennborthwick - 16 Nov 2006 10:06 - 11 of 124

cant believe the lack of discussion here about this one - its gone from 5p to 33p , and potentially could be a 200p stock given time and one more good season

glennborthwick - 27 Nov 2006 16:13 - 12 of 124

another strong day. 40p looking the next target to be broken

oilyrag - 30 Nov 2006 09:58 - 13 of 124

Like argos7 says, maybe let the heat die down and wait until the company has endured a few months of little if any cashflow coming in, then there may be a bargain about March - May time next year. There is plenty of time for what appears to be a solid maiden year to show good value in share price. In fact you should be more than happy in what appears to be a 600% mark up in a year. What you have to remember is what an investor is looking for, at the moment dividend dose not exsist here and the price is more likely to go down rather than up based on profit taking. I am not knocking the company or your enthusism for it , but merely being realistic.

oilyrag - 01 Dec 2006 21:12 - 14 of 124

Sorry gb but 30p was the next target not 40. This one appears to be making the market makers a considerable sum of money every time they shift the price.

argos7 - 01 Dec 2006 21:22 - 15 of 124

it is very interesting that there is barely 20 million shares in issue in loq which will shoot the share price up easily, when do the final results come out? Loq is a buy 4 sure but at what price? 25p?

oilyrag - 03 Dec 2006 22:31 - 16 of 124

I agree that this is a buy at some point in the near future, but then so is tmc and ggg and chp and many more. I'm hoping to get in nearer to 20p.

oilyrag - 16 Dec 2006 07:14 - 17 of 124

Trading profit has been affected by a settlement of $900,000 to Palmtop productions this year, followed by $70,000 per year, for the next three years, to avoid a protracted law suite about who owns the patent for the q bots. This has reduced 2006 trading profit to a 300,000 loss for the year. I still feel that this is one for the future and there should now be a period of time while the price drifts. Keep a lookout for buying opportunities.

argos7 - 16 Dec 2006 21:41 - 18 of 124

I totally agree oily, as loq is making no money untill march as parks closed ish hopefully the price will fall off

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.


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