Feb 12th 2013 - Edison Investment Research today published a report on Lo-Q (LOQ.L, LSE:LOQ, LON:LOQ) entitled "Leisure Industry Tech Leader". In summary, the report says:
FY12 numbers are broadly in line with our forecasts. More importantly, after the purchase of accesso for $22m in December, Lo-Q has now significantly expanded its range of growth drivers. In our view, the group’s mobile phone product offerings are well positioned to benefit from 4G/LTE ultra-broadband smart phones. Seven of the world’s 10 largest theme park operators are customers, with six using the group’s patented virtual queuing solutions and four taking its e-commerce products. The accesso deal brings significant cross-selling opportunities and management is seeking to accelerate growth, both geographically and across new verticals.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »