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

up 40%

Lo-q announce profits of at least 1.85 million. AT least 2 new parks for 2009 season. Dollar likely to be at 1.5 instead of the 1.8 weighted average this year so another 15% benefit there. Profits next year to be at least 2.5 million pounds IMO. MArket cap still under 6 and they are sitting on 2.5 million of cash so strip that out and PE is just 2 to 3 on a share which has grown profits by 300%

moved up nicely from an initial tip price of 17p to 38p. 3 new parks already announced for 2009, plus rumours of 1 more for next year. Forward PE should be just 1 with dollar benefits. Still see thsi as a 100p stock this time next year. Does any one read this or are the markets so bad nobody is here

update due next week. Could hit 50p imo

You are not alone, I have just added this to watchlist.

Trading update today confirms the two previous ones, so we should see PBIT at no less than 1.85m.They are being sensible saying that actual trading will be governed by peoples willingness to continue to visit theme parks. LOQ said the same with the interim report in August 2008, but remained unaffected, so lets hope we see the same this year.

also indicated a few more european parks on the way before easter opening weekend

6 parks which LOQ does circa 80% of its business with, has approx 2 billion debt.

Do you not see this as a risk?.

partly but loq get there money first and its a huge cash cow so with at least one more summer company should have whole markt cap in cash. You can buy 400 million of that debt for 40 million so I see a renegotiation of this debt very likely.

I also see six flags slimming down to the highly profitable core parks of which six flags are in all of them. They can jettison the other for land values clearing a big portion of the debt.

another significant park signed up and parent company have 19 sizeable parks across the world.

This co trumpeted its device and yet it's never caught on here, where we like to queue!
Elsewhere the sp has risen on the back of some (US-) sign-ups but I'm doubtful in these economic days - aren't Parks just trying to make better use of limited resources - without investing in something expensive? . . . . at least until the crowds come back... ... . ... . . If LoQ's turnover is based on users, this could still be a poor year, despite new signings.

the thing to note is that it isnt expensive - an installation typically costs a park 70 000 all in. Wireless architecture is cheap, qbots now made in bulk are cheap. Now think about the payback. Dreamworld are charging about a fiver a person, average 4 people per qbot so 20 a use. There are 500 on site and they regularly sell out so thats 10 000 A DAY!! PArk get half of it so 5000 a day. Direct Cost of sales to parks , about three employees at 50 a day so its massive margin. Payback would typically be less than two months. This is why six flags love it so much. Also theme parks are relatively recession resident. New cars, expensive holidays etc go first. If anyone with a young family will tell you you just have to find things to do during the school holidays to maintain your sanity!!!

btw legoland windsor has been a huge success. Id hope drayton manor is close too.

What did you first buy these at Glenn? I've been watching since 5p and finally bought some today at 40p. Kinda sick, but other than OCZ which is valued at 20% of net assets and also a young growing company (delisting from AIM in order to get US listing though), I couldn't find anything else which had the potential to make 200% in the next 2 years.

Agree that theme parks are recession-resistant. People will still visit. But might have to reduce prices of the system as this would be the first cost-cutting measure for visitors. If a family wants to save 20 on the day, then the Qbot will be sacrificed.

Still like the risk/reward though. Company knows what it's doing. Could be a mass market in a while and able to charge maybe a couple of pounds per reservation.

bought 2000 at 106p years and years ago. Sold out on the wy down at about 70p. The bought various big parcels at 3p 6p 9p 12p. ALtogether hold about 290 000 at average of 7p

WOW! Nicely done Glenn. Especially the hard decision of cutting losses at 70p. 2000 sold there was 20000 bought at 7p!

Like I say, finally dipped my toes in at 40p today. It's a long-termer for me. Might well have timed my buy too early as there is a profit-taker out there. But I reckon I'll be in profit when results are out in a few weeks. Hopefully that'll generate some new interest and drive the price higher. 120p in 2 years would be great :-)

I still like this company, and good see contract win with Parques Reunido in Italy who have 67 parks across Europe. I would love to buy into loq, but not until we can see more contract wins and become less dependent on Six Flags. The debts need to be sorted out here, I believe they were downgraded again at the end of February.

I'm sure loq are a good investment at 40p, but I will wait first for either more contract wins away from Six Flags, or positive news re Six Flags Debts.

results this time next year will be interesting. we will have full contributions from 4 new large parks and the strong dollar effect should see profits of 3 to 4 million

hi spitfire - undoubtedly the sf debt situation is the reason loq arent 100p already. market cap is just 5.4 million , profit will be around 2 million, and they will have over 2 million in cash. Dollar gains should add 15% to that this year plus the 4 new parks. I see further park announcements in April as well.

glen - I'm sure you are right, without sf debt situation it would be blue sky all the way. I will probably miss out on inital gain by waiting now, but will play it safe for now.

agreed, the most dangerous thing would be a misunderstanding of what chapter 11 will mean for sf. i believe it will release the debt shackles to enable sf to be the highly profitable company its current trading suggests it should be.