While the rest of the economy is in lockdown, UK gaming is in rude health. The global market is forecast to grow at c9% annually for years into the future, and next gen consoles are set to be released in late 2020. Because of this positive outlook, I’ve been covering the sector in a little more detail recently.
I’ll take a break from UK gaming after this article, but the long term growth trends that underpin this market aren’t going away anytime soon.
So far, I’ve looked at Keywords here, TM17 here, and Sumo here. There are three other companies currently on my list: Frontier Developments, Codemasters, and CD Projekt. I haven’t managed to take a look at CD Projekt yet but it is by far the largest of the set and looks to have a differentiated business model – so definitely worth investigating in future.
Of the remaining two, Frontier Developments says that lockdown-related demand for games is having a positive impact on sales globally, while Codemasters has also reported strong trading. Given the continuing market volatility, strong current trading is a big plus in my view.
The wider UK gaming set continues to outperform the market year-to-date.
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
