Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest


Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Montserrat teen wants to prove that anyone can create wealth
Published on August 5, 2014 Email To Friend    Print Version

Promotional image used by The Abella Group

BRADES, Montserrat -- Montserrat-based 15-year-old award-winning entrepreneur and bestselling author Warren Cassell Jr. has recently announced the formation of his privately held investment holding company, The Abella Group LLC.

Cassell, who is in his last year of high school, currently holds an investment portfolio comprising of US and Caribbean debt and equity securities. Through the newly incorporated investment vehicle, he hopes to expand his investment holdings dramatically by prudently leveraging external capital to deploy in a number of globally diverse sectors.

“It is my emphatic belief that working below your potential is criminal behaviour. For me creating success and wealth is a duty and responsibility because it allows me to live a more meaningful and powerful life. I love the world of investing because it teaches me patience, it tests my temperament and it allows me to get access to the place where the wealthy get richer,” the teen tycoon said during the announcement.

Although he is too young to drive, the teenager is not new to the business world. His businesses have served clients from Asia, Africa, Europe, North America and the Caribbean. At the age of eight he started a successful greetings card company, and a few years after he launched a web hosting company called Chupz Business Solutions.

Cassell is now focusing his efforts on investing in established companies that are domiciled in attractive industries, and are supported by growing demand.

“The Abella Group will focus on owning a yield producing portfolio of equity and debt securities, while investing in businesses that are domicile in strong long-term growth industries. Some sectors that we are currently looking at are the financial services and asset management industry.” he explained.

Primarily, The Abella Group will purchase minority stakes in companies listed on the New York Stock Exchange. However, the company looks to take advantage of a number of opportunities on the Jamaica Stock Exchange and Trinidad and Tobago Stock Exchange.

“There are several gems in the Caribbean stock markets. A lot of stocks listed on the regional stock exchanges are significantly undervalued. For example, there is a particular company that I have been looking at on the Jamaica Stock Exchange that has been growing steadily over the last five years. However, despite the impressive growth the stock price has been dormant. In fact, the market price for the company is 50% less than the actual intrinsic value of the company. This simply means that if I purchase a stake in that company, I’ll be getting it at a discount because the price that I will be buying the stock at is 50% less than what it is actually worth. It is no different from buying a house for $300,000 that is really worth $600,000,” Cassell said.

The ambitious young man, who is the author of ‘The Farm of Wisdom’ and ‘Swim or Drown’, hopes to build The Abella Group into a multi-billion dollar holding company over the next 35 years.

He said, “My goal for The Abella Group may be ridiculous, and even on the verge of delusional but I prefer to fall short on an impossible goal than to fall short or even achieve a mediocre one.”
Reads: 10483

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.


Other Headlines:

Regional Sports: