OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

KavinduTM · **181** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Wed Mar 04, 2020 10:43 pm

KavinduTM

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Who else collected OSEA at 15/=

Don't give up and sell valuable shares. Specially in this situation.

Captain · **182** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Thu Mar 05, 2020 11:34 am

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True, opportunity creates at the bear market

KavinduTM · **183** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Thu Mar 05, 2020 11:38 am

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Captain wrote:True, opportunity creates at the bear market

Yeah. One of most interested share for me in this market. OSEA around 15/=
Even we will receive 1.25 rs per every share we buy before may 1st.

Kipling · **184** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Thu Mar 05, 2020 3:05 pm

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Kavindu
Please check PM.

KavinduTM · **185** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Thu Mar 05, 2020 3:35 pm

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Kipling wrote:Kavindu
Please check PM.

MoneyLover · **186** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 10, 2020 12:51 pm

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KavinduTM wrote:

Captain wrote:True, opportunity creates at the bear market

Yeah. One of most interested share for me in this market. OSEA around 15/=
Even we will receive 1.25 rs per every share we buy before may 1st.

Any change in XD date or Payment date?

Dividend per share (Rs.):
Voting :1.250
Type of dividend:
First and Final dividend
Shareholder approval:
Required
AGM date:
28 Apr 2020
XD date:
29 Apr 2020
Payment date:
12 May 2020

ronstyn53 · **187** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 10, 2020 1:18 pm

ronstyn53

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MoneyLover wrote:

KavinduTM wrote:

Captain wrote:True, opportunity creates at the bear market

Yeah. One of most interested share for me in this market. OSEA around 15/=
Even we will receive 1.25 rs per every share we buy before may 1st.

Any change in XD date or Payment date?

Dividend per share (Rs.):
Voting :1.250
Type of dividend:
First and Final dividend
Shareholder approval:
Required
AGM date:
28 Apr 2020
XD date:
29 Apr 2020
Payment date:
12 May 2020

Requires AGM approval, so they will have to first fix new date for AGM

MoneyLover · **188** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 10, 2020 6:52 pm

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ronstyn53 wrote:

MoneyLover wrote:

KavinduTM wrote:

Captain wrote:True, opportunity creates at the bear market

Yeah. One of most interested share for me in this market. OSEA around 15/=
Even we will receive 1.25 rs per every share we buy before may 1st.

Any change in XD date or Payment date?

Dividend per share (Rs.):
Voting :1.250
Type of dividend:
First and Final dividend
Shareholder approval:
Required
AGM date:
28 Apr 2020
XD date:
29 Apr 2020
Payment date:
12 May 2020

Requires AGM approval, so they will have to first fix new date for AGM

How about XD date? It is no change at 29th April ??

ronstyn53 · **189** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri May 22, 2020 6:11 pm

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OSEA has informed CSE that First and Final dividend will not be approved by major shareholders. So no dividend

https://cdn.cse.lk/cmt/announcement_portal_prod/First%20%20Final%20Dividend%20for%20the%20Financial%20Year%202019-final_930173977818249.pdf

Gajaya · **190** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri May 22, 2020 6:36 pm

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ronstyn53 wrote:OSEA has informed CSE that First and Final dividend will not be approved by major shareholders. So no dividend

https://cdn.cse.lk/cmt/announcement_portal_prod/First%20%20Final%20Dividend%20for%20the%20Financial%20Year%202019-final_930173977818249.pdf

RIP

Rizna · **191** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sat May 23, 2020 7:08 am

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This majority few shareholders in a cimpany could defeat the dividend is misleading.
However much shares a share holder is holding each shareholder has one vote.
As was evident in AiA insurance delisting voting , all other shareholders votes defeared majority sharejolder's ( who held more 90% of shares)decisiin decisin to delist in an AGM.
All other share holders should vote against and defeat at AGM , majority sharehoders desire to not to give duvidends .

bhanu · **192** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sat May 23, 2020 12:34 pm

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So what are they going to do with that money..

ColomboCSE · **193** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sat May 23, 2020 7:29 pm

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bhanu wrote:So what are they going to do with that money..

sad news they didn't pay. I hope they going to minimized COVID19 risk.

Rizna · **194** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 10:01 am

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For all those who made comments after my comment above.

Don't feel sad , minority shareholders being larger in numbers than four or five major shareholders, minority share holders can defeat the move to stop this dividends.
However much shares one is holding , each shareholder has one vote.

in AIA delisting move by major shareholder was defeated by minor shareholders votes in an AGM.

CSE's allowing such a misleading notice by Board of directors is wrong

Equityinvestor · **195** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 10:08 am

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Rizna wrote:For all those who made comments after my comment above.

Don't feel sad , minority shareholders being larger in numbers than four or five major shareholders, minority share holders can defeat the move to stop this dividends.
However much shares one is holding , each shareholder has one vote.

in AIA delisting move by major shareholder was defeated by minor shareholders votes in an AGM.

CSE's allowing such a misleading notice by Board of directors is wrong

Do you understand the meanings of ‘Majority’ and ‘Minority’?

Rizna · **196** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 10:52 am

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Sorry about you.

Do YOUU understand the meaning of "Majority & Minority"?

Holding Majority stake/shares in a company and Majority shareholders (hence votes at an AGM) have two different meanings.

in short, the five/ six major share holders have five/six votes. If one holds "one share" that person has "one Vote". A person holding "Million shares" also has "one Vote".

Hope you understood.

In an AGM deciding factor is "number of Votes"

Equityinvestor · **197** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 11:16 am

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Rizna wrote:For all those who made comments after my comment above.

Don't feel sad , minority shareholders being larger in numbers than four or five major shareholders, minority share holders can defeat the move to stop this dividends.
However much shares one is holding , each shareholder has one vote.

in AIA delisting move by major shareholder was defeated by minor shareholders votes in an AGM.

CSE's allowing such a misleading notice by Board of directors is wrong

Seems your example is wrong..

https://www.lankabusinessonline.com/aia-receives-shareholder-approval-for-proposal-to-delist-from-cse/

Equityinvestor · **198** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 11:21 am

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Rizna wrote:Sorry about you.

Do YOUU understand the meaning of "Majority & Minority"?

Holding Majority stake/shares in a company and Majority shareholders (hence votes at an AGM) have two different meanings.

in short, the five/ six major share holders have five/six votes. If one holds "one share" that person has "one Vote". A person holding "Million shares" also has "one Vote".

Hope you understood.

In an AGM deciding factor is "number of Votes"

https://www.investopedia.com/ask/answers/040315/what-can-shareholders-vote.asp

Good luck on your 'promotion' of OSEA to prevent the share price going down on Monday. Its sad that you are trying to mislead the forum members.

bhanu · **199** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 11:38 am

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Rizna wrote:Sorry about you.

Do YOUU understand the meaning of "Majority & Minority"?

Holding Majority stake/shares in a company and Majority shareholders (hence votes at an AGM) have two different meanings.

in short, the five/ six major share holders have five/six votes. If one holds "one share" that person has "one Vote". A person holding "Million shares" also has "one Vote".

Hope you understood.

In an AGM deciding factor is "number of Votes"

‍�
Share price will go down by 10% but it won't matter long time if they invest this money properly.. they can acquire property or something to increase NAV.. so it will make company strong.. in time like this companies should concentrate more on their business rather than paying shareholders.. but it is my personal believe. I can be wrong

MoneyLover · **200** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 11:48 am

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Rizna wrote:This majority few shareholders in a cimpany could defeat the dividend is misleading.
However much shares a share holder is holding each shareholder has one vote.
As was evident in AiA insurance delisting voting , all other shareholders votes defeared majority sharejolder's ( who held more 90% of shares)decisiin decisin to delist in an AGM.
All other share holders should vote against and defeat at AGM , majority sharehoders desire to not to give duvidends .

@Rizna
It seems that you all the way to join this forum (on 23.05.2020) to mislead members by spread incorrect facts/promote OSEA!! Shocked

Rizna · **201** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 12:01 pm

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Sorry, I would not write to this forum again.

I do not want to mislead anybody.

But the facts remain facts.

If you do not believe, check how AIA delisting was decided between majority shareholder and minorty shareholders at AGM

I was there in person to vote as a minority shareholder.

Yes i joined here last week, but my experience dates back to 80s when I started trading after buying 400 pugoda textiles shares at its IPO.

Good Luck!

ColomboCSE · **202** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Sun May 24, 2020 1:27 pm

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@Rizna, They own 82.48%. i'm also agree with @Equityinvestor. Don't get upset you started good discussion.

Guys In legal If own more than 50% did they need shareholder approval? I think no need already they have more than 50% vote. As i understand,
if one person or company own 100 voting shares he has 100 vote not 1 vote.
Guys @Teller,@Quibit,@ThilinaM Please correct me if i'm wrong...

ronstyn53 · **203** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Mon May 25, 2020 12:13 am

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Items on the agenda at an AGM are routinely passed by a show of hands for convenience. However any major shareholder can demand a poll in which case it would be the number of shares held which will determine the outcome.

In the case of AIA (if I am not mistaken) it was initially rejected on a show of hands and then passed when a poll was requested.

st clair's · **204** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Mon May 25, 2020 2:33 pm

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MAJORITY RULE AND MINORITY PROTECTION

As per Companies Act No. 07 pf 2007, Generally a company operates on the basis of Majority Rule. However, if minority shareholders idea always conflicts with the majority idea and they do not have a say in the Company, they are free to sell their shares and exit the company. The Act has provided certain protections to minority shareholders in such situations to exit the company. One such protection is identified as “Minority Buyout”. (Refer section 90 to 101 Companies Act No. 07 pf 2007).

Nicerider1978 · **205** Whats happening with OSEA.N0000? Thu Jun 18, 2020 2:06 am

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Hi fellows, hope all is well with you all. Did anyone see the memo stating that major shareholder's would reject dividend payment that has been proposed by the BoD this time? Has this kind of thing happened in the past? Isn't this bad trend settling? Your thoughts people?

engineer · **206** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Thu Jun 18, 2020 7:16 am

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Yes, the dividend was voted against. I think the shareholders are trying to retain money to help the company run smoothly. My personal view is with covid the WFH rate will increase and their occupancy rate will decrease within this year. Once the new normal is fully adopted or when a vaccination is proven then this will rock back to where it was.

refer [url=https://cdn.cse.lk/cmt/announcement_portal_prod/First Final Dividend for the Financial Year 2019-final_930173977818249.pdf]https://cdn.cse.lk/cmt/announcement_portal_prod/First%20%20Final%20Dividend%20for%20the%20Financial%20Year%202019-final_930173977818249.pdf[/url]

KavinduTM · **207** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri Aug 21, 2020 3:19 am

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ronstyn53 wrote:OSEA has informed CSE that First and Final dividend will not be approved by major shareholders. So no dividend

https://cdn.cse.lk/cmt/announcement_portal_prod/First%20%20Final%20Dividend%20for%20the%20Financial%20Year%202019-final_930173977818249.pdf

This disappointed me a lot.

chathura123 · **208** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri Aug 21, 2020 7:14 am

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OSEA will face troublesome years ahead don't touch this kind of

Rizna · **209** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri Aug 21, 2020 7:52 am

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Good share: some trying to discourage investors with stale news.

http://www.dailynews.lk/2020/08/17/finance/226042/havelock-city-announces-final-few-luxury-apartments-available-purchase

KavinduTM · **210** Re: OVERSEAS REALTY (CEYLON) PLC (OSEA.N000) Fri Aug 21, 2020 9:16 pm

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Yes OSEA is a good share, that's why i'm still holding. It has a good future.

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OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)

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