Dunamis Capital sets longterm goals for subsidiaries

Amidst the current economic conditions, Dunamis Capital PLC has set long-term goals for its three subsidiaries- First Capital Holdings PLC, Kelsey Developments PLC and The Montessori Workshop (Pvt.) Ltd.

The company’s main subsidiary First Capital has had a tough year, reporting losses of excess Rs.100 million for the financial year 2011/12 due to a moderation of activity in the market for Treasury bills and bonds.

In the short run the company looks towards the bond trading business as its main short-term income generator, while in the long run it anticipates expanding its investment banking services in order to build ‘sustainable parallel income streams.’ One of which consists of offering financial and corporate advisory services.

“This includes advice on mergers and acquisitions, management buyouts and both equity and debt issue management. Assistance will be provided to companies on meeting their financial goals and implementing their short and long-term financial plans,” Dunamis Capital PLC Manging Director Manjula Mathews mentioned in the 2011/12 Annual Report. This business venture is expected to formulate a substantial portion on the company’s fee in the future years.

The property management segment of Dunamis, Kelsey Developments PLC, hopes to improve its results in the property development business. The purchase of two properties at the end of the year is expected to be launched during the second quarter of 2012/13, while a further six land and housing projects are planned to be carried out during the year.

The company has also launched its new venture ‘Kelsey BuildPlus’ which is expected to generate additional revenue. This project consists of building homes on clients’ land and overlooking all the tedious aspects associated with house-building, while providing professional advice and assistance to clients.

The future of the Montessori Workshop (Pvt.) Ltd., which operates as the export manufacturing section of Dunamis, is under consideration due to the lack of profit potential it offers. International market penetration has proven difficult for the export manufacturer, due to heavy competition from the Chinese exports.Dunamis Capital as a whole expects to “develop a framework for filtering opportunities and identifying sectors to be targeted through an understanding of emerging trends and opportunities.”