Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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hello ...it was just my initial pov after seeing the profit numbers and comparing the market cap to peers...but i coulnt resist myself so took a small position
Why?
I am a gamer myself, interested to see how the hood outlaws and legends will do. ..
i am interested in taking a position in this company but it seems overvalued atm?
Looking bright for SUMO, yet very little interest on this board? The gaming industry is gigantic & i would have thought SUMO are in for a great year. Their 'Sackboy' game is a real favourite of our kid.
With the SP having consolidated for a while now and a trading update to be expected this month, seems to be an opportune moment to buy and have just done so.
For those new to Sumo Group, this presentation tells you a lot about the company and its super growth rate.
Tipped over weekend In daily mail
Should see further rise tomorrow I think
Atb to all invested here
So we got another new broker target of 300p - very welcome.
Video games industry bigger than music and movies combined. Huge globally. Can only see that increasing. Broadband and playing with friends brings the games to life.
This is probably the best value producer on a london listing.
New berenberg broker target up buy 270p. Quite right
Bought in this morning after reading both the interims & acquisition RNS’s. This share ticks every box for me;
- Strong & accelerating growth trajectory
- Hugely positive macro factors in the industry
- Ambitious M&A strategy as evidenced today
- Cheap in relation to all other AIM listed peers
- Directors have a decent stake at ~7%
Target price of 500p on an initial 2 year timeframe.
Cracking set of results. And the acquisition of Pipeworks should give them a great springboard into the US market. Go SUMO!
Boom 2 great RNS. Growing revenues expanding into US operations.
If this morning's results and acquisition don't capture market imagination nothing will! Operating at a discount to its peers and below the radar of its higher profile counterparts, to me this morning's announcements show a step-up in the company's growth both in terms of current business and ambitious future strategy. Given it is a booming market as a result of the pandemic, definitely a share to be tucked away in the bottom drawer.
Welcome PIFace. I also have a fairly large position in mining in Metal Tiger (MTR) as a copper play. But I'm diversifying to take positions in small tech companies who have solid cash position and good growth prospects. SUMO is one and I've also recently bought in to CentralNIC (CNIC) which you may want to take a look at. Let's hope the interims this week show steady progress for SUMO. This is a quiet board for a stock which is "below the radar" at the moment.
I bought a bit today. Looking for a steady riser and a second string to the bow my other sector is mining which I feel I understand now.
There are about 4 games producers on AIM and remember most of them from my youth. Of all of them the pe ratio suggests this is the best value. None look cheap on that basis but come wednesdays interims hopefully this is growing like it has the past 3 years, or better. These stocks don't hit the top risers board as often as mining stocks but the sector shows steady growth and think globally it's a growth area and a massive one.
Bought in today 5549 shares at 180.2p. Why ?
Low-risk business model, strong balance sheet and robust liquidity position.
Global demand for their services remains strong.
Video games market is forecast to grow at 9% CAGR over the next three years
Earnings visibility on contracted development fees for FY20 has increased in the last few weeks to approximately 73%.
Little BillyRV, do you think Sumo’s Lawyers would be interested in how you attempted to set up a website just to post some random stuff about Sumo?
It’s a shame you took it all down again ...
Maybe their lawyers have already been in touch?
Removed the link - website is B4the bell .co . u k
Article on creative accounting at Sumo Group PLC
https://www.b4thebell.co.uk/post/sumo-group-creative-accounting
All quiet here, any holders out there with wits on this company?
In the year ended 31 December 2019, Lab42 reported unaudited revenue of £1.4m.
Carl Cavers, Chief Executive Officer of Sumo Group, said:
"Lab42 is a super business and we are delighted to welcome Ed and his team to Sumo Group and to the Sumo Digital family of studios. The opportunity to buy Lab42, a business which is highly respected in the industry and well known to key members of our team, was both timely and compelling. The addition of a 29 strong, established, proven and talented team will help keep our organic growth ambitions on track, through the COVID-19 pandemic, which, as previously reported, has created some recruitment challenges.
"Lab42 also brings the exclusive licence to use the World Snooker Tour brand which supplements the Group's strengthening Own-IP portfolio, along with some exciting new client relationships and opportunities."
"Sumo Group continues to operate well through the unprecedented COVID-19 challenges and the team at Lab42 has also successfully transitioned to working from home. The video games market is very strong and we are seeing some great opportunities to work on new games.
"I am very grateful to our team for their great work and continuing resilience in challenging circumstances and look forward to meeting the Lab42 team in due course as the lockdown eases."
SUMO GROUP PLC
("Sumo Group", the "Group" or the "Company")
AIM: SUMO
ACQUISITION OF LAB42 LIMITED
Sumo Group, theaward-winning provider of creative and development services to the video games and entertainment industries, is pleased to announce that it has acquired Lab42 Limited ("Lab42"), a cross-platform work for hire studio, providing co-development and full game development services, for a total cash consideration of $0.6 million.
The acquisition supports Sumo Group's growth strategy through increased capacity, adding 29 people, and a strengthened presence in the talent hot spot of Leamington Spa. Lab42 also adds a number of new client relationships.
The business and its Managing Director, Ed Blincoe, are well known to the Group, in particular to Sumo Digital's Managing Director, Gary Dunn, and the team at Sumo Digital's Leamington Spa studio, which opened in 2019.
The Lab42 studio has worked on 17 projects for console, PC and mobile, since it was established in January 2015. Past and present clients include Sega Europe Publishing, Klei Entertainment, Aspyr, Ripstone, Dovetail Games and Payload Studios.
Lab42 holds an exclusive licence to use the World Snooker Tour brand and was sole developer on the photo-realistic, sports simulation game Snooker 19 for all major consoles and PC, published by Ripstone. Lab42 is continuing development on World Snooker products and expects to launch additional games on new devices later this year.
Other well-known titles on which Lab42 has worked include Yakuza 0 and Yakuza Kiwami, Football Manager Touch 18, Sonic Mania, Terratech and Fishing Sim World.
Correction:-
away approx. Last RNS said they should do better with so many people staying in.
- sp was around 200p before virus.
Begs the question why is the sp not over 200p?
Also RNS said results should *******BEAT******** market expectations!!!!!!
So are any of the millions of people stuck at home playing internet games???? Paying for new internet games????
They get royalties for some of the games on the market now. Read the RNS's.
They think they will DO BETTER due to the virus............
The sp was about £2 before the virus FFS !!!!!!
Is the sp going to go up???? NO, OF COURSE NOT!!!!!
All IMHO.
plus last RNS said they should do better with so many people staying in.
- sp was around 200p before virus.
Begs the question why is the sp not over 200p?
Also RNS said results should BEAT market expectations.
Only up 3.8% I hear you mutter!!#
All IMHO.