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Started: ttreg, 21 Jul 2021 19:10
Last post: Lasvelas, 28 Jul 2021 22:44
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
Started: Chestec, 5 Aug 2020 14:34
Last post: Lasvelas, 21 Jul 2021 18:20
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?
Started: hobione, 19 Jul 2021 08:09
Last post: Faulkes, 19 Jul 2021 10:53
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.
Does anyone know if they were paid in advance for Hood or if it’s a private project?
Started: jc1220, 18 Jun 2021 09:15
Last post: jc1220, 19 Jun 2021 14:19
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.
Started: JMcBull, 1 Apr 2021 13:01
Last post: Lokiloo, 7 Apr 2021 08:47
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.
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!
Started: Lokiloo, 6 Apr 2021 14:51
Last post: Lokiloo, 6 Apr 2021 14:51
Anyone see it & share their thoughts? I missed it.
Started: Lokiloo, 31 Mar 2021 13:48
Last post: JMcBull, 31 Mar 2021 14:09
V frustrating. All of Fridays gains wiped out and still dropping. FTSE up !
All looked very decent to my mind in todays RNS yet dropping & exceedingly quiet.
Sp looking good over the past week or so
Looking forward to the results at the end of the month. C8
Very, it's just being sympathetic to US tech stocks, which are being beaten badly at the moment. Long term this is a great business.
Anyone else getting frustrated with the daily red prints? This HAS to turnaround soon. SUMO is a great business.
Started: CHEQUEMATE, 24 Feb 2021 17:47
Last post: CHEQUEMATE, 24 Feb 2021 17:47
Thanks for the post.
You are absolutely right in what you say. One thing i/we should remember is that it is never a good idea to make a decision to buy sell when we are at that particular moment emotional or not in a good state of mind. That often leads to a poor decision. I have read that a number of times in the Naked Trader books and articles, and he is so right. Yesterday, for whatever reason(s) I just had one of those moments when I should have just relaxed more and contemplated.
I haven't really looked at moving averages much at all for a long time. I use to spend a lot of time looking at different sites such as BritishBulls and BarChart??, which suggest which way the share is heading. I have looked at candlestick charts and bollinger bands, which I do understand but I just haven't got the will to spend so much time on them these days. Think cc and bb helped at times.
I have kept an eye on the share price during the day and had a twitch of "perhaps" buying back in late on in the day when the share price retreated to close to 300p. I will do a little more thinking and see how it pans out tomorrow morning.
Good luck all.
CM
Started: CHEQUEMATE, 24 Feb 2021 09:47
Last post: redbeck, 24 Feb 2021 10:41
We all feel like giving up sometimes. I tell you what helps me, fundamentals + basic technicals, and monitoring wider macro worldwide economic events, plus trying to emotionally detach from a stock and not overly look too often. We all have different personalities, so some of us will be better at managing our emotions than others. I for one have a constant battle with this!! Yesterday's action in the Nasdaq tested this seeing my Portfolio go from more than 7% down at market open back to 1% down at market close in one day!!
In the case of technicals, I find it really useful monitoring daily 20 / 50 / 100 day moving averages etc, I find they're a bit like magnets and stocks bounce off these levels if an uptrend is intact, or stay under all of them if a downtrend is in play.
When a stock gets really overbought or oversold, you'll get these big swings. I also use other basic technicals that I find useful like volume, volatility & RSI. I find using this data helps me to stop making premature sales or purchases - before using them I would personally made silly mistakes based on how I was feeling at that moment in time. It does take time to get used to using this data and I know some people don't care about them, but it's well worth understanding the basics if you find yourself getting stuck in the heat of the moment.
I personally use my IG spreadbet account more for the charting but Yahoo Finance has some nice free charts.
Hope this helps, all in my opinion of course and enjoy the fresh air :)
Thanks for that.
I did have an opportunity to buy back in sub 298 this morning after it had opened higher, so waited to see if it would fall further, which of course it hasn't. Now back up, which is good for those of you still invested. Perhaps it was a rush of blood to the head and a case of shaky finger syndrome, pushed the sell button rather than go out and get some air and think more about it. I'll wait and see what happens. I haven't lost a great deal since I didn't have too many shares. But un-nerving see it fall by so much over a week or two. Perhaps I should just retire from this share investment jobbie; I have done it for long enough.
Good luck all
CM
Started: CHEQUEMATE, 23 Feb 2021 12:33
Last post: riverbliss, 24 Feb 2021 09:20
@CHEQUEMATE - I sympathise..... been there a few times when you invest, the SP drops and it unnerves you about the investment case enough to make you sell out. The markets are very volatile atm. Sumo will be fine though and patience will be rewarded. Hopefully, you'll be able to buy in at a better price if you choose to reinvest. Best of luck.
US Tech was down huuuge pre-market, but it’s bouncing, that’s not to say it won’t fall further. It’s driven by sector rotation, Tesla and Bitcoin falling I think plus people getting margin called, but it’s just a much needed correction over there in my eyes. Low volume stocks also fall harder until there’s support, which can also mean larger swings or snap backs.
I really wouldn’t worry about timing your trades if you plan to hold long term, it’s the easiest way to loose money. It could fall further, which is why I always dollar cost average into any position - it means I spread my average buy price and I get less emotional about timing the bottom. If your time horizon is small, I think sumo is a hard one to trade at the moment.
All in my opinion of course.
You may be right and have stayed invested; but we all have to make the decision we think is right at the time. Who knows, perhaps I should have bought rather than have sold.
The price has dropped more since I sold but is now back up some. Has the low been reached for today, or will the US market push it down more..........or up?.
I am always open to reconsider my trades.
Just a bit of a bummer..........
CM
Started: Thechukkers, 23 Feb 2021 15:37
Last post: Thechukkers, 23 Feb 2021 15:37
as a gamer i cant wait for this game
https://gamingbolt.com/hood-outlaws-and-legends-interview-setting-progression-classes-and-more
Started: CHEQUEMATE, 23 Feb 2021 13:32
Last post: CHEQUEMATE, 23 Feb 2021 13:32
Appreciate your thoughts.
I am not a novice investor; overall, I have made profit on my share dealings; but not of the last year when I re-entered the market after over a year out. Since then I have either bought into the wrong stocks or got my timing wrong. And yes, my time horizons should be longer. Still, it is what it is and I will see what happens. Share price is off its' bottom for today, so far. If I buy back in now with the same holdings as I had it will have cost me £50.
And of course what is a lot of money to one investor is peanuts to another.
Oh, and 5 years, that seems a long time to me at my (not so young anymore) age. I prefer to look 12 months to 3 years perhaps. Having said that I will run profits and will consider averaging up rather than averaging down. Too much time to look at the screen whilst being furloughed perhaps. Maybe SUMO is a hard one to trade with a short time horizon.
Cheers
CM
Started: CHEQUEMATE, 23 Feb 2021 11:35
Last post: redbeck, 23 Feb 2021 12:05
Good Luck!
Defo keep an eye on Sumo moving forward, and keep an eye on Nasdaq action - I really think there will be some sympathy pain in some UK tech as a result of the sell off over there, but in my opinion gaming is here to stay, and will grow even when the economy re-opens. I'm still holding here as it's a 5+ year investment (bought at 323 in Dec), but looking to add at some point if things get a bit more painful.
All the best :)
You should have stayed invested. Sumo is a long-term winner. Admittedly, it's SP may have got ramped up too far in recent months but long-term this is going up - consistently growing revenues at 25% per annum, healthy profit margins and chucking out cash to reinvest. This is only a bit of profit taking and rotation into value stocks. However, this is a short-term game. After a short uplift in these airlines and energy companies, gaming companies like Sumo will keep powering on well after lockdown ends.
selling driven by selling?
i personally have a much longer timeframe in mind here.
the few companies they have acquired recently give room for much growth imo
i did say i thought it was overvalued i compared it to ea and never found a time when ea traded this high. so imo aim gaming stocks are overvalued atm , but the future still looks great...
personally not adding yet as the selling pressure is quit strong so will wait for it to settle
Decided to cut my losses here. Just a week or so ago with the share price high in the 300s all looked rosey. But it has been crashing. If I have paniced then I should have paniced earlier. Dare say the price will now go back up. We all have to do what we think is right at the time, different circumstances for different folk.
Should have reviewed a stop loss when at a high price to lock in some gains, not take a loss. Such is life. Who know which way the market is going?. Win some, lose some.
Will I be back, don't know. But good luck all.
CM
Started: CHEQUEMATE, 23 Feb 2021 10:01
Last post: redbeck, 23 Feb 2021 10:11
Just to put it into perspective, Tech in the US is selling off heavy due to rotation into recovery & value, so this fall is kind of expected (although Team17 seems more stable). Most of my portfolio is US Tech, apart from Sumo, so it's taken a hit since the end of Jan. My opinion is in 5 years time, today might look like a good buying opportunity, but defo average in over time incase it falls further as I'd like to see some volume on any material bounce first. My only worry is how strong the GBP / USD rate gets in the short term. Which reminds me, I need to do more digging on Sumo's revenue breakdown. DYOR, just my opinion.
Thanks for that. I would have liked to see it have bounced way before now, but don't know what the chances are.
Thechukkers, buy price is a tad over 300p right now.
What are other gaming companies doing today I wonder?
CM
Started: CHEQUEMATE, 23 Feb 2021 08:40
Last post: redbeck, 23 Feb 2021 09:34
It’s basically retraced to the 100 day moving average on the daily, heavily oversold now, I’d like to see it bounce around here.
my first buy in price was 360 duh :(
Thanks for your thoughts. You echoed much of what I was thinking.
Personally Thechukkers, I hope we don't see the share price fall below 300p. My buy in price was around 313-315p but after an initial rise today I see the price is falling back again. Not too much invested here, relatively speaking but disappointed over the recent week or two. And yes, I realise markets can fall as well as rise.
Trading update is due end of next month. I would like to think there will be some good news before then.
CM
Started: CHEQUEMATE, 22 Feb 2021 21:06
Last post: Thechukkers, 23 Feb 2021 08:12
i agree. as economy opens naturally people will spend less time playing games, but overall just like ecommerce gaming sector should benefit as people who were previously not into gaming got introduced to it and a percentage of those might become regulars. so if anything it accelerated the growth of gaming imo
personally i am waiting for around <300 to build a larger position
I was thinking the exact same thing today. Here's my thoughts:-
- Reopening of UK & vaccine progress possibly hurting stay at home stocks.
- GBP / USD rate has advanced (this is a complete guess at present as I haven't looked at revenue distribution).
- From a technical perspective SUMO does sell off periodically, however I was expecting a bounce today - maybe that will still come.
- Possible lower interest while people rotate into value stocks vs growth, especially now Brexit is finalised and due to vaccine progress.
Long term gaming is still a sound investment in my opinion. DYO
Any thoughts on the recent move South in share price from anyone?. Over valuation?, interest in SUMO as a take over target decreased (if there ever was any) after Codemasters takeover finalised?.
Just interested in views.
CM
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.
Last post: Troajan, 15 Jan 2021 09:26
Started: saintpeter7, 11 Jan 2021 10:31
Last post: saintpeter7, 11 Jan 2021 10:31
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
Started: WaspsFan, 30 Sep 2020 08:28
Last post: PIface, 6 Oct 2020 10:35
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.
Started: BillyRV, 2 Jul 2020 23:11
Last post: Faulkes, 17 Jul 2020 12:40
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
Last post: realturbo, 18 Jun 2020 16:38
All quiet here, any holders out there with wits on this company?