Sumo Share Discussion Threads

[boozey] 30/9/2020 13:32

I am here :)

[snakehips] 30/9/2020 13:30

...and still it would appear that no one else has discovered this hidden gem - long my it continue to rise below the radar.

[9degrees] 07/8/2020 07:20

With the US possibly going to ban its citizens from using Ten cent could it be good news for Sumo if for example 10cent use us as a sales vehicle and up their stake ??

[johndoe23] 22/7/2020 12:42

Seller around?

[johndoe23] 18/7/2020 09:48

Yes, i see your point. SUMO has always seemingly been not as en vogue as others, has yet to breakout like the others.Support should be around here so a potential buy...

[arcadian] 17/7/2020 18:21

John

They added 5% shares but the share price dropped by 8% Given the development potential of the money raised and the success of the raising I would have thought that the fall would have been much less especially as tencent, team17 etc are all the rage at the moment.

[johndoe23] 16/7/2020 21:16

TM17 and CDM!

[johndoe23] 16/7/2020 21:15

Why do you say disproportionate? Placing was at 180p?Have bern watching here a while, perhaps a decent buying opportunity...

[arcadian] 16/7/2020 11:35

Sp fall disproportionate to the dilution and that is not allowing for the growth uses of the additional equity.

PS Team 17 and tencent stealing our thunder.

[turbocharge] 08/7/2020 16:18

Significant uptick in volume today - 3 large buys, 53,874, 150,000, and 150,000

[turbocharge] 29/6/2020 14:24

Zeus Capital’s Technology Analyst Bob Liao:

"....So, we’re still going to reiterate our forecast and we can continue as a result, to believe that Sumo’s shares are undervalued, they’re still trading at a sharp discount to a lot of peers in the market."

[turbocharge] 25/6/2020 08:22

Ahead of the AGM at 11.00am today, the Group announces the following trading update:


The lockdown restrictions, resulting from the COVID-19 pandemic, are positively impacting the Group's underlying market, with video gaming activity and console purchases accelerating faster than previously forecast. Our most recent game launch was on 12 June when Little Orpheus, the brand-new adventure from award-winning studio The Chinese Room, a Sumo Digital Studio, was made available exclusively on Apple Arcade. With beautiful visuals inspired by a bygone era of adventure, Little Orpheus is an account of what happened to Soviet cosmonaut Ivan Ivanovich during his three years below the Earth's crust and has received very positive feedback. This follows the success of Spyder on Apple Arcade which has achieved consistently high user feedback ratings since launch on 20 March. On 11 June Sony announced Sackboy A Big Adventure at the PlayStation 5 reveal event.

We are generating a strong pipeline of new business development opportunities across both Client and Own-IP despite the severe restrictions on travel and face to face contact.

[turbocharge] 24/6/2020 15:00

Sumo Group plc (AIM: SUMO), announces that its annual report and accounts for the year ended 31 December 2019 and the Notice of Annual General Meeting ("AGM") for the meeting to be held on 25 June 2020 are now available on the Group's website at www.sumogroupplc.com.

Where applicable, copies of the Annual Report and Accounts and Notice of Annual General Meeting will be posted to shareholders later today.

In view of the compulsory government measures in force restricting public gatherings and non-essential travel in response to COVID-19, the Company is planning for the AGM this year to be run as a closed meeting. Shareholders will not be allowed to attend the AGM in person and are encouraged to appoint the Chairman as their proxy. Anyone seeking to attend in person will be refused entry. The Company will make arrangements for a quorum to be present to transact the formal business of the meeting as set out in the notice.

[johndoe23] 24/6/2020 08:44

Anyone know if an AGM statement tomorrow?

[turbocharge] 19/6/2020 01:02

Another view from recent months:

"As a whole, Sumo Group appears resilient in the current uncertainty: The company is supported by strong end market demand, a resilient business model and ample cash with positive free cash flow:

The video game market is benefiting from ‘stay at home’ trends that should lead to increased game development.
Sumo has a high visibility on contracted or near contracted revenue of approximately 71%.
Sumo has £23.6m in cash at 24 March 2020, including £10m drawn down from its £13m committed revolving credit facility."

[turbocharge] 19/6/2020 01:01

A few months old, worth repeating:

"While offering significant IP, Sumo uniquely offers higher revenue reliability through long-term contracts, negligible cancellation rates and high market demand. We believe Sumo offers investors an ideal combination of high margins/ IP and revenue reliability that we believe is undervalued."

[gudo] 18/6/2020 15:26

Welcome aboard turbo, you're in good company.

Plenty of recruitment, which is a good sign for a growth company:

[turbocharge] 18/6/2020 15:05

Entered the foray, looks like a solid company with good management and products and currently hiring....

[anley] 02/6/2020 12:15

Me thinks there are still sellers around left over from the last placing/acquisition and they have been selling slowly so as not to rubbish the market too much.