Sumo Share Discussion Threads

[boozey] 26/1/2021 22:43

I agree, it was my second best performer in 2020 Podgy after S4 Capital. However sadly it was one of my smaller holdings. It lagged behind TM17 and Frontier for a long time but in recent times has caught up and indeed has now become the front runner in terms of share price improvement - certainly in 2021 YTD. The Tencent holding drew me to the stock initially and obviously the gaming sector has been a huge beneficiary of the pandemic. I monitor the stock and comment like you when appropriate but largely it has been a case of enjoying the ride!

[podgyted] 26/1/2021 21:01

Amazing - this was my best share in 2020 and its shaping up to progress further in 2021.......... yet 134 posts in 3 years.

Perhaps that the secret ?!?

[davidosh] 22/1/2021 01:50

This is good to see as David Wilton did a great presentation at Mello a few weeks ago

Our next event features more excellent and interesting companies..

hxxps://melloevents.com/mellomonday-25th-january-2021/

[podgyted] 22/1/2021 00:15

He's widely followed.

[boozey] 21/1/2021 23:46

Naked Trader? Who is this out of interest. Impressive rise today and went in the polar opposite direction to its peer TM17 who also announced today. I hold both so sadly one cancelled the other out, but they are the best performers in my portfolio over the last 12 months hugely profitable with little or no debt.

[investing2retire] 21/1/2021 20:43

naked trader is buying so a good sign considering how codemasters did last year.i bought in at 320 a few days ago and 337p today

[bunz3] 21/1/2021 14:41

that video now on ggp share board , a good example for other shares

[devilsprofessor] 21/1/2021 13:57

Huge buy in the last hour - 594,470. Someone's very confident!Excellent result.Happy to continue holding as most interested in the future acquisitions

[boozey] 21/1/2021 08:20

Another positive trading update. SUMO has caught up with its peers in terms of valuation. The Pipeworks acquisition seems to have been a significant contributory factor in this.

[k8 rhm] 21/1/2021 07:50

Trading update out, very positive and hope the market thinks so too

[johndoe23] 20/1/2021 08:50

Thanks for that.

[devilsprofessor] 12/1/2021 16:59

I too have taken a place at 318.75p yesterday. I like that this company is actively looking for acquisitions following the successful buy of Pipeworks. This alone links them to some decent brands in gaming.Having been a gamer when I was (a lot!) younger it feels right.I have recently held CDM and Team17 so quite pleased to have another strong company onboard.All my opinion of course and DYOR, never buy on the back of the ramblings on a bulletin board!

[johndoe23] 08/1/2021 11:48

Good research!

[k8 rhm] 08/1/2021 09:46

After some Xmas research I have taken a position too. Not on their website but envisage a trading update later in Jan as per last year. Researched fundamentals but also asked my two teenage sons and their friends to discuss a list of games from frontier, TM17 and Sumo and pick which games company they thought was best. They picked Sumo. Overall, the company looks to have an ambitious appetite.

[johndoe23] 07/1/2021 15:02

Hi peddlers. Been looking very closely myself, waiting to see if it drops nearer 300p...

[peddlers] 07/1/2021 14:52

Took a position on this today.
Have had quite good success in these types of stocks recently.

P

[boozey] 19/12/2020 15:23

As Christmas approaches I expect Games Developers to make good progress on their share prices. Why Sumo over others - well for me my initial investment was after Tencent took a stake in 2019, one of the biggest investors in Games Developers globally and they own a fair few of them outright too. To me this investment - around 10% - has operated under the radar but the recent growth in share price has the Tencent factor as a contributory reason I feel.

hxxps://gamedaily.biz/article/1401/tencent-acquires-10-of-sumo-group

[feyon47] 16/12/2020 12:35

Although the vaccine is going to be available to most in the new year, I feel that the general population of countries will continue to experience COVIDS effects, such as lockdowns, restrictions etc... in Q1 21. For that reason I think the price should remain stable at where we are now. I do also think that SUMO is a great company with a good vision and therefore will be buying dips when this occurs. Any news/updates we should be looking forward to.

[johndoe23] 16/12/2020 10:36

Interesting comment. Can't help feeling the valuations in the gaming sector are getting way ahead of themselves. Like you say, tread carefully...

[podgyted] 14/12/2020 23:39

With the various vaccines coming on stream the stay-at-home growth spike will go in the near term.

Long-term the growth in this sector is good. But is it as electric as suggested by the current valuations of Sumo, TM17 and FDEV?

Like many stocks it's how it's going to do in 2021, which may well be a bit more pedestrian - took some profits today when it started going over 350p 'cos it looked to be speculative spike based on CDM.

I have no idea where this is going to go but would suggest people keep on their toes as I can see this sector going into reverse at some point in time.

IMO and DYOR

[boozey] 14/12/2020 21:47

Podgyted - I would agree with that given the share price performance YTD. But gaming stocks typically perform well over the Christmas period so mid January is probably a good time to decide what action if any to take.

[boozey] 14/12/2020 19:54

Sumo presenting on Mello Monday tonight, a well-respected forum for PIs. So after this evening we may finally get some company here to make valuable contributions to this thread.

So the boost to the Sumo share price today may have been a double whammy of EA bidding for CDM and Sumo having top billing on tonight's investor event.

hxxps://melloevents.com/mellomonday-14th-dec/

[boozey] 14/12/2020 18:03

Yes an excellent day, I had hoped Sumo would get caught in the excitement. The gaming sector is ripe for consolidation and with EA sniffing around it could be the catalyst to put the peers of CDM on a higher multiple. Interesting that TM17 was unmoved by it all.

[feyon47] 14/12/2020 10:34

Look at her go, really looking forward to SUMO's future. Bullish ??