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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%.
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.
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.
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.
Why is this trading at such a deep discount to the 513p offer? Anyone?
Possibly concern that Sumo shareholders may not approve the deal. Also heavy US client base may not be too happy about Chinese ownership
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.
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.
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.