Special Advisory: Sagicor Real Estate X Fund Limited (XFUND)
February 2018 Sagicor Real Estate X Fund Limited (XFUND) has advised that the Company and Sagicor Group Jamaica Limited have entered into an agreement with NASDAQ listed hotel owners and operators, Playa Hotels & Resorts N.V., to combine tourism assets. The Sagicor Entities will contribute their portfolio of all-inclusive resorts and developable land sites in Jamaica, including the Hilton Rose Hall, the Jewel Runaway Bay, Jewel Dunn’s River and Jewel Paradise Cove, and the 88-room hotel tower and spa which forms part of the Jewel Grande (formerly Palmyra). In exchange, The Sagicor Entities will receive 20 million Playa shares and
Daily Market Summary February 28, 2018
February 28,2018 Daily Market Summary 28.2.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
Honey Bun (1982) Limited to complete expansion of warehouse
February 28, 2018 Honey Bun (1982) Limited’s Annual General Meeting was held today, the 28th of February 2018. The meeting started off with a tribute to the late great Sushil Jain who passed away in the latter part of 2017. After paying his respect, Chairman Herbert Chong reiterated some of the financial highlights of the financial year ended September 30, 2017. According to Mr. Chong “ revenue showed a 5% increase to $1.25 billion while pre-tax profit decreased by 30% to $105 million for 2017 period.” Herbert Chong further stated that, “ During 2016, Honey Bun’s capacity was maximized after