Super Group: Betting On African Expansion
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Super Group is focusing on African market expansion and has exited the unprofitable US market. The acquisition of Apricot is expected to enhance profitability, with a projected 69% upside to a fair value of $10.1.
January 08, 2025 | 9:00 am
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Super Group is expanding in Africa and exiting the US market, which was unprofitable. The acquisition of Apricot is expected to improve profitability significantly, with a potential 69% upside to a fair value of $10.1.
Super Group's strategic exit from the US market and focus on the growing African market, along with the acquisition of Apricot, are expected to enhance profitability. The projected 69% upside indicates a positive short-term impact on SGHC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100