SGHC Super Group (SGHC) Limited

Cash-rich, profitable growth continues to compound. $602M in unrestricted cash, and that’s after having returned over $200M to shareholders over the last 12 months. This is the epitome of a financially strong business. Tons of new markets on the way: Rwanda, Nigeria, Tanzania, Zambia, Zimbabwe, Germany, Namibia, Kenya. In Mozambique, recent changes in online casino regulation materially improve the commercial attractiveness. Secured one of a small number of licenses in New Zealand, which will allow countinued operation at the same tax rate that the company has already been paying, with the added benefit of allowing in-country marketing. Meaningful buyback program authorized by the board at the end of last month. That follows shareholder authorization for the same earlier this year. Means the company is now free to repurchase up to $15OM worth of shares, at its discretion and in accordance with all applicable rules and regs. Winning. $SGHC

$SGHC so basically $DKNG crapped the bed and that’s what is dragging us down huh? Those investors should just come to SGHC. Incredibly profitable and paying dividends.

$SGHC Up only 7.2% across almost 5 years and close to being at NAV price. Management better be backing up the brinks truck doing share buybacks. If they aren’t buying here, that shows no confidence in their own stock and the public shouldn’t show any either if that’s the case.

I hope the company bought back some stock and continues to do so in a meaningful amount. One thing to say that acquisition target prices are still too rich to be attractive bolt-on growth investments. It’s a whole other thing to say, through inaction or immaterial amount, that shares of $SGHC at current prices are still too rich for management to consider buybacks the best available use of the company’s investment capital. If this company, with all its cash and balance sheet strength, won’t meaningfully buyback its own shares at current market prices, I’d like hear management explain why during the next earnings conference call. If its float-related, then I expect to hear that action is being taken to address the float issue so that going forward the company is able to freely and opportunistically buck back stock in a meaningful amount subject to the CEO’s best business judgment at the time. My long term investment bullish vision is that this company becomes a buyback machine.

$SGHC Have fun with it guys. I'm moving onto the gambling reits. Went heavy into GLPI a couple days ago. And now it's up a little. I may have caught it double bottom by accident . And I get a good dividend. It's been fun ride. I wish I could've made a little more money here. I'll keep an eye on it, It has been the least flea-bitten dog out of the group lately. GLTA

$SGHC A Tech First Company Operating with an Old School Playbook? It’s time to take a hard, objective look at where we stand with $SGHC. We all understand the board’s obsession with ROI. Capital allocation discipline matters, and a clean balance sheet is great. But defense alone doesn't build a growth story, it just helps you tread water. Lately, the price action and the downward drift from our highs feel less like a temporary market quirk and more like the natural consequence of a vision that has lost its offensive edge. Let’s not forget what Super Group actually is at its core. We are a technology and digital infrastructure company operating in the iGaming space, not a traditional brick and mortar casino. Yet, scrolling through the strategy deck lately, it feels like management is playing a game of prevent defense while the rest of the tech landscape accelerates. Where is the aggressive forward leaning posture? The AI Question: Everyone else in the digital space is aggressively integrating advanced artificial intelligence, from predictive personalization and automated risk modeling to nextgen user engagement loops. What is our actual, scalable AI roadmap, and how is it actively translating into the userfacing ecosystem? The Growth Vision: Cost control and margin protection are fine tactical moves, but they aren't a long term growth thesis. If management's entire playbook relies solely on wringing efficiency out of existing operations rather than going out, capturing market share, and getting ahead of the technological curve, the multiple is going to stay compressed. Shareholders have watched value erode while leadership plays it safe. ROI protection is appreciated, but at some point, you have to actually go out there, anticipate the landscape, and invest in tomorrow instead of just managing today's ledger. Management and the board need to step back, look at the big picture, and start treating this like the high tech digital enterprise it's supposed to be. Time to show us some actual vision. What is everyone else seeing out here? . .

$SGHC I’m not sure what responsibility the mgm has to maintain market value. Given low volumes and absence of buyers any fool can push down price beyond reason. What mgm is responsible for is increasing EBITDA from $150 to $720 achieving best in class margin, diversify risk geographically during the 5 year period. If investors think it is a good idea to sell a company growing 15-20% p.a. at EV/EBITDA <7x the mgm can’t do much. For me it is an opportunity to buy but thats just my 50 cents

$SGHC at this point this seems like a good take private. Prints money but public markets don’t value it. Pay back the LBO instead of give dividends. Etc.

$SGHC Well... back to original SPAC price territory. Incredible. Absolute joke how the chart got completely hammered all the way back to square one while leadership sits in total, radio silent crickets. Zero urgency, zero defense of shareholder value, and zero accountability. Where are you and management? If you actually believe in your own cash flow, fundamentals, and global footprint and think shares are a good deal down here, maybe it's time to actually start acting like it instead of giving us the silent treatment. . UGH!!!! Moving from only 3 months ago $15.15 down to $10.85 is a brutal drop. Per Share Loss: -$4.30 per share Percentage Drop: -28.38% Total Market Value Lost: Approximately $2.18 billion wiped out across the company's roughly 508 million shares outstanding. . . What an absolute grind. . .

$SGHC I’m not an expert but I think they need to turbo charge growth a bit more by going a little faster on the Africa expansion. 1-3 countries a year is just asking someone else to come in. I get that it’s expensive and timely but but let’s get the TAM up.

$SGHC what will be music to your ears for the earnings report? Large special dividend and higher quarterly ones? Stock buybacks? Acquisition or business expansion plans?

$SGHC Going into earnings with a beaten down stock price and low expectations. Historically, that has proven to be a bullish setup here.

$SGHC it just makes money. More each quarter. Forget prediction markets. This has casino games all over Europe and Africa .

$SGHC I wish Capital was used to enter new markets, find an M&A that makes sense, etc. I don’t have an issue with dividends but it seems like there could be more done to grow the company and the share price. Where we are basically what this IPOed at years and years ago.

$SGHC Will management finally address the elephant in the room and speak to the severe multiple compression and total destruction of shareholder value? It begs the question: how can the market maintain any conviction in a leadership team that completely sidesteps the tape? Touting a trailing P/E of roughly 14x or minor capital return bandaids like token dividends and piecemeal buybacks is a drop in the bucket compared to the massive capital destruction inflicted on long term holders. When you look at the top line with $684 million in quarterly revenue against a stagnant stock price languishing in the $10 to $11 range, the disconnect is glaring. With all the corporate PR and raised guidance pushed down our throats, the reality on the screen remains completely detached. At this stage, it’s fair to ask: what is the actual investment thesis for holding this paper? . .

$SGHC sent the investor relations team an email last Friday. Still no response or even an acknowledgement. Not cool.

$SGHC Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.28 up 47.37% YoY • Reported revenue of $611M up 9.69% YoY • Super Group revised FY2026 guidance: Total Revenue is now expected to be between $2.525 and $2.58B, and Adjusted EBITDA is expected to be between $700 and $720M.

$SGHC $SGHC Chili is proposing a ban on gambling. But they’renot gonna touch the lottery? It just so happens to be the president is a woman, and it just so happens to be women love the lottery, but hate everything else in the gaming industry. Why did we ever allow women the vote? you have to admit ... they know how to stomp on a man's fun.😜