Companies: LOQ   

Electronic queuing specialist Lo-Q says it expects 46 per cent profits growth to £500,000 pre-tax for 2007, with more to come.

Floated six years ago with a ‘virtual queuing’ system to allow theme park visitors to avoid having to suffer lengthy queues for each ride, AIM-quoted Lo-Q says it grew last year thanks to installing three of its new VQ2020 ‘guest queuing systems’ into three theme parks, including Dollywood in Tennessee, owned by singer Dolly Parton and Herschland Family Entertainment Corp. Chairman Jeff McManus says the Henley-based company had an estimated £620,000 cash at the end of December and has extended its agreement with Six Flags Inc, the world’s largest theme park company, to install VQ2020 into four more of Six Flags’ existing parks, a well as a new park, Six Flags Fiesta Texas, for the 2008 season.

Investors in Lo-Q have had a torrid time. Floated at £1 in 2002, they made early gains before plunging all the way to 3p in 2005.

They rallied to 44.5p last year before going into retreat again. Now 23p, up 3p this morning and valuing the company at £3.4 million, they have speculative recovery possibilities for the strong-nerved.

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Lo-Q	AIM	£5.52m	36.00p	-3.00p
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Lo-Q			24/11/2008
Strong dollar helps Lo-Q			21/11/2008
Interim surge at Lo-Q			15/08/2008
Lo-Q sees high growth			28/01/2008
American ambitions			06/11/2006