Stock Market News
LO-Q chairman buys despite strength
13-07-2011 15:53
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Strength in the share price of Lo-Q has not deterred chairman John Weston from upping his stake in the theme park queuing technology group.
He took three slices of shares, 10,000 at 185p, 9,500 at 191p and another 10,000 at 192p. Following the purchases, which all in all set him back about £55,000, he now has 55,700.
Weston joined Lo-Q in May. He was previously the chairman of defence and aerospace group BAE Systems.
Shares in Lo-Q have climbed by more than 75% in the past year. Last month, the company, whose devices allowing theme park visitors to keep their place in a queue without physically waiting in it are used at Legoland Windsor and Flamingo Land in Yorkshire, posted a sharp rise in interim revenues, though losses widened.
"As always at this stage of the year, there remains a great deal to be done over the important summer trading period, but the Board remains confident that the company is well on track to perform in line with market expectations for the year as a whole," said chief executive Tom Burnet.
Top Director Buys
Latchways (LTC)
Director name: Mr Paul Hearson
Amount purchased: 7,723 @ 1,300.00p
Value: £100,399
WYG (WYG)
Director name: Mr Mike McTighe
Amount purchased: 200,000 @ 50.00p
Value: £100,000
Bankers Petroleum Ltd. (BNK)
Director name: Mr Phil Knoll
Amount purchased: 15,000 @ 395.23p
Value: £59,284
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 10,000 @ 192.00p
Value: £19,200
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 10,000 @ 185.00p
Value: £18,500
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 9,500 @ 191.00p
Value: £18,145
WYG (WYG)
Director name: Mr David Jeffcoat
Amount purchased: 35,000 @ 50.00p
Value: £17,500
Gartmore Global Trust (GGL)
Director name: Mr Richard Stone
Amount purchased: 5,000 @ 346.00p
Value: £17,300
WYG (WYG)
Director name: Mr Robert Barr
Amount purchased: 20,000 @ 50.00p
Value: £10,000
Top Director Sells
Latchways (LTC)
Director name: Mr David Hearson
Amount sold: 7,723 @ 1,300.00p
Value: £100,399
Enegi Oil (ENEG)
Director name: Mr Alan Minty
Amount sold: 300,000 @ 14.00p
Value: £42,000
He took three slices of shares, 10,000 at 185p, 9,500 at 191p and another 10,000 at 192p. Following the purchases, which all in all set him back about £55,000, he now has 55,700.
Weston joined Lo-Q in May. He was previously the chairman of defence and aerospace group BAE Systems.
Shares in Lo-Q have climbed by more than 75% in the past year. Last month, the company, whose devices allowing theme park visitors to keep their place in a queue without physically waiting in it are used at Legoland Windsor and Flamingo Land in Yorkshire, posted a sharp rise in interim revenues, though losses widened.
"As always at this stage of the year, there remains a great deal to be done over the important summer trading period, but the Board remains confident that the company is well on track to perform in line with market expectations for the year as a whole," said chief executive Tom Burnet.
Top Director Buys
Latchways (LTC)
Director name: Mr Paul Hearson
Amount purchased: 7,723 @ 1,300.00p
Value: £100,399
WYG (WYG)
Director name: Mr Mike McTighe
Amount purchased: 200,000 @ 50.00p
Value: £100,000
Bankers Petroleum Ltd. (BNK)
Director name: Mr Phil Knoll
Amount purchased: 15,000 @ 395.23p
Value: £59,284
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 10,000 @ 192.00p
Value: £19,200
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 10,000 @ 185.00p
Value: £18,500
Lo-Q (LOQ)
Director name: Mr John Weston
Amount purchased: 9,500 @ 191.00p
Value: £18,145
WYG (WYG)
Director name: Mr David Jeffcoat
Amount purchased: 35,000 @ 50.00p
Value: £17,500
Gartmore Global Trust (GGL)
Director name: Mr Richard Stone
Amount purchased: 5,000 @ 346.00p
Value: £17,300
WYG (WYG)
Director name: Mr Robert Barr
Amount purchased: 20,000 @ 50.00p
Value: £10,000
Top Director Sells
Latchways (LTC)
Director name: Mr David Hearson
Amount sold: 7,723 @ 1,300.00p
Value: £100,399
Enegi Oil (ENEG)
Director name: Mr Alan Minty
Amount sold: 300,000 @ 14.00p
Value: £42,000
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