Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Standard language. Sumo does not pay dividends so i would not think so.
Found this paragraph "buried" in the formal offer document
If, after the date of this Announcement, any dividend and/or other distribution and/or other return of capital is announced, declared, paid or made or becomes payable in respect of the Sumo Shares, Tencent Bidco reserves the right to reduce the offer consideration by an amount up to the amount of such dividend and/or distribution and/or reduction of capital so announced, declared, paid or made or which becomes payable.
This could be behind the price differential
Predominately US Clients could encourage a US bid one way or another
Agreed, however this is a toppy offer already and EA just acquired Codemasters. Let's wait and see I guess.
2 Big American games firms Take 2 Interactive and Electronic arts have been on the acquisition trail recently and could mount a counter offer
I wish it was as easy as that. I agree the premium is significant and that another bidder is unlikely to step in. The fact that the founders support the takeover holds little value here, they dont hold that many shares here, so have little influence. I think shareholders could be supportive here but I do agree with the previous comment that if the deal does not clear the US anti trust / competition hurdle it could get into trouble (UK element should be ok). I am uncertain what is the probability of this happening. I think it is quite low but it is hanging there.
I see it as basically zero chance the T/O doesn't go through. The bid is at a significant premium and has the backing of the founders. The process usually takes around 3 months and so you can get a 3% return in 1 quarter, which annualized is 12%...not bad.
ok, that's a fair reason and comment.
any recent examples of takeovers that failed because they did not receive approval from the foreign-direct investment / CFIUS regime in the United States ? I am trying to make own mind up whether this is an opportunity or not.
Possibly concern that Sumo shareholders may not approve the deal. Also heavy US client base may not be too happy about Chinese ownership
Why is this trading at such a deep discount to the 513p offer? Anyone?
Sold my entire holding yesterday. Happy to bank some substantial profits. Not so happy to see another promising British tech company in foreign ownership. But the potential of an acquisition by Tencent was one of the reasons I bought in the first place. This was always on the cards from the moment Tencent took their initial stake in SUMO.
GMR isn’t in the same league as TEAM17, Sumo, FDEV, CDM etc. Don’t get too excited about that having takeover bids.
There is also Gaming Resources #GMR
Tencent also own a stake in FDEV…will they be next? CDM first to go, then Sumo, leaves only TM17 and FDEV in the Uk micro cap space.
I'm not pleased either. Whilst this is a nice bump up for traders and short-term holders, we all know that Sumo could be multiple times its current size in a few years. Once again, the lure of easy money has proved irresistible for management, and long-term holders have had a potential multi-bagger cut short.
I’m really surprised by this. Hood has been an enormous flop with gamers abs I was waiting for the price to reflect that.
Anyways - good day for holders! We’ll done.
Another great company to be taken over way too early. I'm not happy :(
Well done if you hold and congratulations on your massive gains today. Hobi.
Does anyone know if they were paid in advance for Hood or if it’s a private project?
I had a response from the company - they're multi-year projects which are expected to run 2-5 years.
It's interesting how quickly the contract value grew between Feb & June (i.e. about 20%). I wonder when they will reach 'maximum capacity'
Hi all
In their AGM statement and final results they have referenced a pipeline of opportunities with a total contract value. i.e. "the pipeline of new business development opportunities now comprises a total contract value in excess of £500m"
Does anyone know what time period the contracts cover? In previous updates they have suggested they have sight of their income over a 3 year period.
I'm curious as this contract value has increased from £429m at year end. An increase of £70m is significant given full year sales were just £70m last year.
One thing to keep in mind with regards to game sales for SUMO is that the PS5 console is not freely available worldwide. In fact, it's very hard to get hold of.
Anyone see it & share their thoughts? I missed it.
Advancing technology and new platforms fuelling market trends, bolstering publisher confidence to increase the scope and spend on games and underpinning the Group's long-term growth
Global demand for quality premium content is constrained only by industry capacity
Ongoing Group focus on increasing headcount organically and via acquisition
Strong acquisition pipeline with a number of targets being actively pursued
Very strong pipeline of business development opportunities on major new projects, with both existing and new clients
Great 2020 results despite pandemic and now sp back on track for major eps this year. Challenge will be to keep growth on trajectory as we open up and people have other things to do than gaming!