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.
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 »