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All going to plan here..a good customer base with good profit and the market is growing nicely ...sumo is paid as games are developed....
Peel Hunt has raised its price target for Sumo, explains rise today. https://www.americanbankingnews.com/2018/06/27/peel-hunt-raises-sumo-group-sumo-price-target-to-gbx-200.html
Worth a look at this from earlier, pros and cons, but mainly pros. https://www.investorschronicle.co.uk/tips-ideas/2018/06/07/press-play-on-sumo/
Just a suggestion. There is a huge number of relatively small companies in this industry, (SUMO only has a market capitalisation of £239 mil.) so acquisition is attractive when the economic/financial signs are positive. Forecasts for growth in the games industry are very positive, Sumo now has CCP, a new attractive element to the portfolio. Could these very significant 'buys' hint at a potential 'take-over' bid?
Has anybody any idea why there has been new interest in the company in the last couple of weeks after a quite opening on the markets
Nice one...i like to know the picture of who is what here..
My guess would be there management/investment company? I'll do some digging and get back to you!
Just to clarify what im asking....The company bought the �39.70m worth of shares from holders, but who exactly now holds those shares, do we know?
"Upon Admission, the Company will have a market capitalisation of �145 million, following a successful �78.15 million total fundraise. The fundraise raised c.�38.45 million for the Company and c.�39.70 million for the selling shareholders, both at 100p per Ordinary Share. The fundraise received strong demand from blue chip institutional investors." What is meant by "�39.70m for the selling shareholders" ??? Anyone?
Very positive message from the company, hopefully the results reflect this!
I'd say most sells are IPOers taking profit or people selling to chase another rainbow, nothing to worry about right now :)
Huge!!!!! any thoughts on those, buy's / sells?? who???
Dipped my toe in.. wish me luck :D
For what its worth....definitely keep an eye on it Regarding the acquisition of CCP Newcastle by Sumo... it is a good office but unfortunately fell victim to mismanagement by CCP who have their head office in Iceland. The office tried to launch with a virtual reality title which is quite risky as it is a small market and the sales reflect this. Sumo have been pretty steady as a company, their downfall is their lack of creative content. As a publisher and developer, they have the money to purchase the intellectual property of other developers and then produce sequels. Their games sell fairly well and I don't see Sumo going under any time soon. Sumo is pretty well managed considering their size and steady growth. The acquisition of CCP Newcastle is likely for the talent pool at the studio and their VR experience leading to new original content coming from Sumo. I would not say you are going to see anything huge from Sumo in the next 2 years, but expect steady growth. They could self publish a hit game which would be very good for the studio, but it is a chance scenario. I don't expect any stuff ups though.
I am currently holding EA, Blizzard and Take Two which have all done quite well for me. I am eying this up so we shall see, puts me off being on the AIM however.
Hi I.co...doing some research ...contacting mates in the industry....will get back shortly .....my gut feel says fireworks on the horizon...may even jump in today before I get any info.
Anyone have an opinion on this stock then?