Lo-Q (LON:LOQ) - Park rollouts position Lo-Q for strong H2
Jun 26th 2012 - Edison Investment Research today published a report on Lo-Q (LOQ.L, LSE:LOQ, LON:LOQ) entitled "Park Rollouts Position Lo-Q For Strong H2". In summary, the report says:
While H1 represents a very small percentage of annual revenues due to acute seasonality, Lo-Q reported a healthy 13.7% revenue growth over the period. More importantly, the company enjoyed a very strong period of signing new business over the winter months. Near-term forecasts are underpinned by the rollouts in these new parks and we see excellent potential for the recent new business momentum to continue. Also, the proposition of cashless payments functionality for the Q-band, being developed with MasterCard, appears compelling.
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