Nov 2013 Financial News

Sagicor X Fund sees gain on 1st trading day

Nov 18, 2013

Rohan Miller, CEO of Sagicor Real Estate X Fund Limited, inserts the company's name strip on the list of traders at the Jamaica Stock Exchange (JSE) during a Listing Ceremony on Friday, November 15 at the JSE head quarters in Downtown, Kingston. Looking on are Sagicor Life Jamaica's and Sagicor Investments' President and CEOs Richard Byles (second right) and Donovan Perkins (third from right) and other Sagicor Executives. Sagico X Fund began trading on the main market of the JSE on Friday. Just over 45,000 stocks crossed the floor, moving the price up by seven cents to $5.07 a share. The real estate fund has a diverse real estate portfolio which is comprised primarily of commercial and hotel properties. Revenue from the three hotel properties is conservatively expected to grow by five per cent per annum through to 2017.


Source:
Jamaica Observer
Sunday November 17, 2013

http://www.jamaicaobserver.com/business/Sagicor-X-Fund-sees-gain-on-1st-trading-day_15445689#ixzz2l1iyj5Sg