News blog
Lo-Q
- BY: Andrew Hore |
- POSTED: 30/11/2010 |
Virtual queuing technology developer Lo-Q says that its full year figures will be in line with expectations.
House broker Arbuthnot forecasts a profit of £2.42m for the year to October 2010. The figures and the result of the strategic review will be reported in February.
Sales director Colin Robertson has resigned from the company and new chief executive Tom Burnet will take over the role. He is restructuring the board with Steve Drake and Paul Cassar stepping down to concentrate on their executive jobs.
Technology company adviser David Gammon is becoming a non-executive director.
At 104.5p a share, Lo-Q is valued at £17m. The shares are trading on nine times prospective 2009-10 earnings.
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