Super Group to Acquire Digital Gaming for €1. 15B to €1. 20B

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Super Group ($NYSE:SGHC) is a leading international provider of digital gaming solutions. 20B. The acquisition is expected to close in January 2023 and will significantly expand Super Group’s presence in the digital gaming market. The company expects to generate revenue of €1.

20B in FY22, which is unchanged from its previous guidance. The acquisition will be accretive to earnings per share and will contribute to Super Group’s long-term growth strategy.

Earnings

This is a significant move for the company, as it looks to bolster its presence in the digital gaming space. Digital Gaming is a leading provider of digital gaming services and platforms. The company has a strong track record in delivering high-quality gaming experiences to its customers. This acquisition will allow Super Group to expand its reach into the digital gaming market and provide its customers with even more gaming options.

The move comes as Super Group looks to build on its strong performance in recent years. This acquisition will help Super Group to continue its growth trajectory and cement its position as a leading player in the gaming industry.

Share Price

20B. The move has been met with mostly positive media coverage. However, on Friday, Super Group‘s stock opened at $3.8 and closed at $3.3, a plunge of 10.5% from its prior closing price of 3.7.

VI Analysis

Companies that have strong growth potential are often of interest to investors. The Super Group is a company that fits this description. According to the VI Star Chart, the Super Group is strong in growth, medium in asset, profitability and weak in dividend. This makes it a company that may be of interest to investors who are looking for growth potential.

However, the company is classified as a ‘cheetah’, which means that it is considered to be less stable due to lower profitability. This may make it less attractive to some investors. Nevertheless, the company has a high health score of 10/10, which indicates that it is capable of sustaining future operations in times of crisis.

VI Peers

The competition between Super Group (SGHC) Ltd and its competitors is fierce. All four companies are vying for market share in the online gambling industry. SGHC Ltd has a strong presence in the UK and Europe, while 888 Holdings PLC and bet-at-home.com AG are both based in Gibraltar. Codere Online Luxembourg SA is headquartered in Luxembourg.

– 888 Holdings PLC ($LSE:888)

The company’s market cap is 448.12M as of 2022 and its ROE is 9.83%. The company is a provider of online gaming services.

– bet-at-home.com AG ($LTS:0RIP)

Bet-at-home.com AG is a gaming and online betting company that offers sports betting, live betting, casino, and poker games to its users. The company was founded in 1999 and is headquartered in Dusseldorf, Germany. As of 2022, Bet-at-home.com AG has a market cap of 31.65M and a Return on Equity of 13.09%.

– Codere Online Luxembourg SA ($NASDAQ:CDRO)

Codere Online Luxembourg SA is a gaming company that offers online gambling products and services. The company has a market capitalization of $107.84 million and a negative return on equity of 82.23%. Codere Online Luxembourg SA focuses on providing online gambling products and services to customers in Europe.

Summary

Investing in SUPER GROUP may be a good idea for those interested in the digital gaming industry. 20B, which will give it a larger presence in the industry. At the time of writing, media coverage of the acquisition has been mostly positive. However, it is worth noting that the stock price of SUPER GROUP fell the same day as the announcement.