LO-Q chairman buys despite strength

published 13 July 2011

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 BuysLatchways (LTC) Director name: Mr Paul HearsonAmount purchased: 7,723 @ 1,300.00p Value: £100,399WYG (WYG) Director name: Mr Mike McTigheAmount purchased: 200,000 @ 50.00p Value: £100,000Bankers Petroleum Ltd. (BNK) Director name: Mr Phil KnollAmount purchased: 15,000 @ 395.23p Value: £59,284Lo-Q (LOQ) Director name: Mr John WestonAmount purchased: 10,000 @ 192.00p Value: £19,200Lo-Q (LOQ) Director name: Mr John WestonAmount purchased: 10,000 @ 185.00p Value: £18,500Lo-Q (LOQ) Director name: Mr John WestonAmount purchased: 9,500 @ 191.00p Value: £18,145WYG (WYG) Director name: Mr David JeffcoatAmount purchased: 35,000 @ 50.00p Value: £17,500Gartmore Global Trust (GGL) Director name: Mr Richard StoneAmount purchased: 5,000 @ 346.00p Value: £17,300WYG (WYG) Director name: Mr Robert BarrAmount purchased: 20,000 @ 50.00p Value: £10,000Top Director SellsLatchways (LTC) Director name: Mr David HearsonAmount sold: 7,723 @ 1,300.00p Value: £100,399Enegi Oil (ENEG) Director name: Mr Alan MintyAmount sold: 300,000 @ 14.00p Value: £42,000