Sumo Group listed in Guardian’s share tips for 2019

The Guardian’s business desk strikes a particularly cautious note in its tips for 2019, (probably) the year that Britain will leave the EU under circumstances that nobody knows and with implications that nobody fully understands. That said, here our best guesses for the year ahead.

Sumo Group
Video games are a massive global market, with more than 2 billion players supporting an industry that is expected to grow from $138bn (£109bn) this year to $180bn by 2021. Sheffield-based Sumo Group is one of more than 2,200 UK-based games makers hoping to capitalise on that growth. Sumo develops games in partnership with major industry players, such as Sony, Microsoft and Sega, creating products including Little Big Planet 3 for Sony and Sonic and Sega All-Stars. At 118.5p, its shares have climbed more than 3% in 2018 – although it was trading at more than 180p at one point last year, with stockbroker Peel Hunt placing a target of 200p on the Aim-listed business. It is an expanding (if loss-making) business, having made two acquisitions last year, and it is protected by customer contracts that have a duration of between 18 and 48 months. Dan Milmo.

 

Sumo Digital, part of the Sumo Group PLC (LON:SUMO) is an award-winning business providing creative and development services to the video games and entertainment industries, from studios in Sheffield, Newcastle, Nottingham, Pune (India) and Vancouver (Canada).

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