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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DUNAMIS CAPITAL PLC (CSEC.N0000)

DUNAMIS CAPITAL PLC (CSEC.N0000)

+7
mdcpk1975
shadow walker
Gintonic
Wessa123
Fairtrade
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kuma524
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26DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 6:50 pm

dmtmadusanka


Senior Equity Analytic
Senior Equity Analytic

අද කව්ද ගියෙ CSEC EGM එකට. සමාගම් පනතේ තිබ්බට special resolution එකක් පාස් කරන්න නිතියක් ( EGM එකට සහාභාගි වෙන අයගෙන් proxy ද ඇතුලුව 75% ක් හො ඊට වඩා වැඩි චන්දයක් ගතයුතුයි කියන නිතිය) නඑක නෙමෙයි එතන ක්‍රියත්මක උනෙ. Ordinary resolution එකකට ආදාල නිතිය. කොටස් ගාන මත පදනම්ව තමයි ඒ resolution එක පාස් උනෙ.

සාහාභාගි උන අයගෙන් 5 දෙනෙක් වත් පක්ශව චන්දෙ භාවිතා නොකල අතර අනිත් සීයලු දෙනම විපක්ෂව තමයි චන්දෙ භාවිතා කලෙ. ඉට පස්සෙ රහස් චන්දයක් තියල කොටස් ප්‍රමනය මත 98% වඩා වැඩි ගානකින් resolution එක පාස් කලා.

(for your information )

27DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 8:26 pm

player


Moderator
Moderator

I was to go and vote against the resolution since my avg price is around 51, but finally i sold out since i had to settle my margin acct.  Stil holding few shares thought separate accts.  Anyway even single shareholder can go for justice over minority buy rights.

28DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 8:30 pm

soileconomy


Vice President - Equity Analytics
Vice President - Equity Analytics

dmtmadusanka wrote:Ha ha haa

if you don’t know the law please don’t comment. I have asked about company law. Not your knowledge.
I was trying to clarify something up to my knowledge.It is up to you comment about it.

29DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 8:32 pm

player


Moderator
Moderator

dmtmadusanka wrote:අද කව්ද ගියෙ CSEC EGM එකට. සමාගම් පනතේ තිබ්බට special resolution එකක් පාස් කරන්න නිතියක් ( EGM එකට සහාභාගි වෙන අයගෙන් proxy ද ඇතුලුව 75% ක් හො ඊට වඩා වැඩි චන්දයක් ගතයුතුයි කියන නිතිය) නඑක නෙමෙයි එතන ක්‍රියත්මක උනෙ. Ordinary resolution එකකට ආදාල නිතිය. කොටස් ගාන මත පදනම්ව තමයි ඒ resolution එක පාස් උනෙ.

සාහාභාගි උන අයගෙන් 5 දෙනෙක් වත් පක්ශව චන්දෙ භාවිතා නොකල අතර අනිත් සීයලු දෙනම විපක්ෂව තමයි චන්දෙ භාවිතා කලෙ. ඉට පස්සෙ රහස් චන්දයක් තියල කොටස් ප්‍රමනය මත 98% වඩා වැඩි ගානකින් resolution එක පාස් කලා.

(for your information )


Thanks,  so literally resolution not passed.  All can go against the directors.

30DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 10:10 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Even if anyone goes to courts, it will be a waste of time. The price offered is 2.8 times the net asset value. Price offered looks even better in relation to earnings.. and it is significantly higher than the market price during the past 6 months. These are the criteria considered to assess whether the price is fair. Courts will rule in favour of the company decision, petitioners will only lose their legal fees

31DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 10:59 pm

dmtmadusanka


Senior Equity Analytic
Senior Equity Analytic

There is no any problem with net assets value or price. Problem is coming from delist from cse. Coz of majority of share holders did not vote for delist. (special resolution had not been passed properly)

Other facts are

CSEC was announcing to dispose there subsidiary of CFVF. We dont know what will the profit realize from that transaction. They havent considered that kind of potential gains for the share valuation.....

32DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 11:08 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Companies act says, one share holds one vote.. otherwise no need for shareholders to invest and hold a majority.. all u need to do is to get about a thousand ppl holding 1 share each  to an EGM.and get whatever proposal u make get passed.

Process is, someone proposes, someone excepts. If there are objections a vote is taken based on shareholding. Again 1 share means one vote

33DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 11:12 pm

dmtmadusanka


Senior Equity Analytic
Senior Equity Analytic

Please refer the company act for special resolution

34DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Tue Oct 29, 2019 11:59 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I have gone through the Act. A show of hands vote will only carry by the Chairmans observation. Since a vote.by show of hands is not recorded anywhere, its totally up to the chairman to make the observarion and call out either "motion is carried" or "motion is rejected". If he deems show of hands is inconclusive,  he can call for a Vote by Poll. If a vote by poll is taken, each shareholder present or voted by proxy shall have one vote for each share. So in this instance, the chsirman had called for a Vote by Poll and the resolution had been passed by over 75% of the vote as declared to the CSE by the company.

35DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Wed Oct 30, 2019 12:03 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Shareholders cant go to courts and say "I saw only 4 ppl raising their hands for the resolution and around 20 ppl didnt vote your honor".. thats why a poll is taken and recorded with the names of the shareholders and their shareholding..

36DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Wed Oct 30, 2019 9:03 pm

player

player
Moderator
Moderator

dmtmadusanka wrote:There is no any problem with net assets value or price. Problem is coming from delist from cse. Coz of majority of share holders did not vote for delist. (special resolution had not been passed properly)

Other facts are

CSEC was announcing to dispose there subsidiary of CFVF.  We dont know what will the profit realize from that transaction. They havent considered that kind of potential gains for the share valuation.....
 I like you 😘😘

37DUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 Empty Re: DUNAMIS CAPITAL PLC (CSEC.N0000) Wed Oct 30, 2019 9:22 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Meanwhile CFVF did a collection run today.. and foreigners net buyers againDUNAMIS CAPITAL PLC (CSEC.N0000) - Page 2 20191010

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