Video games services provider and developer Sumo Group (LON: SUMO) can be second half-weighted and that is particularly true of 2019. Sumo says that it has at least met expectations for last year and it has built up an impressive cash pile.
Team Sonic Racing was a success for Sumo last year and Sega is putting a lot of marketing muscle behind Sonic this year, which should help Sumo’s growth prospects.
Cash was £12.9m at the end of 2019 and the cash pile will continue to rise unless acquisitions are made – around £22m is likely at the end of 2020. In reality, acquisitions are likely and t...
