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Lo-Q
- BY: Andrew Hore |
- POSTED: 14/11/2008 |
Lo-Q has extended its agreement with theme parks operator Six Flags Inc.
The theme park virtual queuing technology developer says that Six Flags will install its system in a further two parks taking the total to 10. One of these theme parks is one of the top three parks in the group and the system will be installed before the end of 2008. The other systme will be installed before next season’s opening.
The over agreement has been extended until the end of 2012.
The shares rose 4p to 33.5p each, which values Lo-Q at £5.13m.
House broker Arbuthnot forecasts profits of £1.36m for 2008, which would put the shares on less than four times prospective earnings.
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