SEAH - Super Group: An Opportunity To Enjoy Profitable Growth At A Steep Discount

• Recent weakness in online gambling stocks is the result of investors reassessing the pitfalls of the market entry strategies employed by majority of online betting companies in the US.
• Online betting companies targeting the US opportunity are spending unsustainably on marketing, leading to negative EBITDA and destruction of shareholder value.
• Super Group is a notable exception. Its US strategy will mirror its global strategy, which emphasizes smart spending and has led to positive EBITDA in an industry notorious for loss-making.
• The US opportunity will augment Super Group's global business, which continues to grow profitably. At the current valuation, and given the opportunity in the US and the firm's strong execution, the upside appears substantial for investors.

For further details see: