Sumo (SUMO)

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Sumo SUMO Logo

A UK based company that provides development services to the video games and entertainment industries.

25-Sep-2018 – 182p – £245.5m – PER 27.1

Interim Results For The 6 Months To End June 2018 – Revenue up 60%, Loss lower at -£1.8m (-£2m last time). FY to be in-line with consensus market forecasts.

First coverage for me and not a huge amount to go on here. I will be Neutral and try and give it a little more time later in the week.

9-Apr-2019 – 143p – £214m – PER 22.5

Results For The 12 Months To End December 2018 – Revenue up 35.3% (£38.7m), Loss down from -£28m to -£0.5m, Net Cash down from £12.4m to £3.7m. Current trading is in-line.

Underlying Results seem to paint a much better picture than reported results but even they exclude share based payment from the PBT figure. Just too confusing for me to touch at present.

26-Jun-2019 – 148p – £223m – PER 20.4

AGM Trading Update – 2019 FY trading is in-line.

I will wait to see actuals here, I would really like to get some exposure to the gaming sector but I just can’t find the right place yet – I don’t think it’s here!

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