Supreme Ventures Ltd (JSE: SVL) continues to expand its horizons and more and more is functioning like our very own hedge fund in Jamaica. We like it!
It was hard to get by a Quarter, then a Month without an exciting corporate action item from the Company. Well, with SVL it now seems like weekly announcements are lit. SVL recently announced it has acquired a 10% ordinary equity stake in Main Event Entertainment Group, listed on the Jamaica Stock Exchange Junior Market (JSE: MEEG). The Company’s announcement highlights the synergies between the companies, and the market has been speculating about other possible benefits given the existing relationships between the firms, i.e., related parties in the roles of:
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