Lo-Q (LON:LOQ) - FY12 targets are delivered
Nov 01st 2012 - Edison Investment Research today published a report on Lo-Q (LOQ.L, LSE:LOQ, LON:LOQ) entitled "FY12 Targets Are Delivered". In summary, the report says:
In a trading update yesterday, Lo-Q has said it expects to report full-year revenues and profit before tax in line with market expectations, while closing net cash is expected to be slightly ahead of expectations. The trading update is positive news in light of Six Flags’ Q3 results last week, which saw Six Flags’ shares dip c 10%. Six Flags, which is Lo-Q’s biggest customer, missed Q3 revenue expectations as revenue per customer declined slightly, largely due to Six Flags successful efforts to sell more season passes. More significantly for Lo-Q, following the recently announced contract wins, we believe the company has footholds in a further five of the world’s 10 largest theme park operators, which all have the potential...
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