Sumo Share Discussion Threads

[from8to800] 20/5/2020 11:24

This gives me the feel of a Minervini VCP. Also known as a corkscrew pattern which is usually followed by a quick run up.Sitting tight, stops in place.

[johndoe23] 18/5/2020 13:54

Nice breakout today

[tole] 27/4/2020 16:21

Nice late rally to new highs..

[anley] 23/4/2020 13:08

A good looking business - full of potential - but one needs to keep an eye as there is always the possibility that this sector falls ount of favour in the investing circle.

If all goes to current virus pland then £3 by the end of next year......

[tomps2] 21/4/2020 15:41

SUMO analyst presentation:

[royaloak] 21/4/2020 10:30

Good results and prospects, in a strong market would have thought they would be much higher.

[anley] 25/3/2020 11:26

New joint broker - London based with big placing and buying power as and when..........

[tole] 26/2/2020 15:24

Taken a small amount here. Been following this one since these levels a few months. Took today as an opportunity to pick a few up.

[anley] 24/2/2020 14:41

BUT in the meantime some weak holders are selling.........that's my view.

[anley] 24/2/2020 10:35

While everyone is gated they will have to play games!!!!

[global nomad] 29/1/2020 08:58

ready for the next leg up...

[dice1950] 23/1/2020 05:53

#Sumo #Group’s (#SUMO) results for 2019 are due to be “at least” in line with expectations, according to the group’s latest pre-close trading update. BUY

[igbertsponk] 22/1/2020 10:59

2 Directors cashed in £1m worth each. Fair enough given the performance.

[tole] 22/1/2020 09:05

Some huge trades going through..

[global nomad] 22/1/2020 07:35

remarkable how quiet this board is. nice though.


PRE-CLOSE TRADING UPDATE AND NOTICE OF RESULTS

FY2019 at least in line with management expectations

Sumo Group, the award-winning provider of creative and development services to the video games and entertainment industries, announces that it will report its final results for the full year ended 31 December 2019, which are expected to be at least in line with market expectations, on Wednesday 1 April 2020.

The Board is pleased to report that a number of significant contracts were secured towards the end of 2019 which underpin the Group's financial forecasts for the year ahead.

At 31 December 2019, the Group had positive cash balances of GBP12.9m and employed 766 people, an increase of 174 from the figure at the previous year end.

Carl Cavers, Chief Executive Officer of Sumo Group, said:

"2019 was another busy and successful year for Sumo Group and one in which we generated strong growth across all areas of the business. We acquired Red Kite Games, opened new studios in Leamington Spa and Warrington and relocated the Red Kite Games studio from Huddersfield to the talent hot-spot of central Leeds. Five studios have been added to the Group since IPO and we now operate globally from 10 studios across the UK, India and Canada. Our appetite to deliver further sustainable growth remains strong and we continue to explore opportunities, both in the UK and overseas, to acquire businesses which show a strong cultural fit with our Group and are based in desirable locations."

"In November, we announced that Tencent Holdings Limited ("Tencent") had acquired a near 10% shareholding in the Group from Perwyn Bidco (UK) Limited. We are delighted by this investment and look forward to exploring development opportunities with Tencent going forward."

"We are seeing many exciting opportunities to deliver more growth in our core markets, served by Sumo Digital and Atomhawk, and I am very pleased with the progress the business is making.

"The Board looks forward to announcing the final results on 1 April and providing shareholders with a full update on the Group's progress."

[craftyale] 17/1/2020 12:36

Gamesworkshop slipped through the net. But not this one.

[anley] 15/1/2020 09:27

A new growth stock in the making..............and the market seems short of stock.

[igbertsponk] 14/1/2020 09:27

Shh... waking up nicely!

[global nomad] 23/11/2019 10:44

wonder what it will take to wake this from it's slumber...

[nw99] 15/11/2019 10:53

Weekend press will be all over this in a hot sector with Good results from FDeV

[someuwin] 15/11/2019 09:57

Yes - very big news. They must have big plans for this.

"Tencent is one of the world's leading internet companies. Following the acquisition of these shares from Perwyn, Tencent will hold a 9.96% interest in the Company."

[liam1om] 15/11/2019 09:52

Big news this morning with a large investment from Tencent. Would be great to have a move like FDEV did after Tencent invested there.

[global nomad] 09/10/2019 09:24

well this is a very quiet board...I just bought in...looking to expand my investments in gaming related space...