Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>As totally expected, <a href="https://www.smartkarma.com/entities/dai-ichi-life-insurance" target="_blank" data-smartkarma-citation="entities:1109:1" rel="noopener">Dai Ichi Life Insurance (8750 JP)</a> extended its expected start date for the Tender Offer on <a href="https://www.smartkarma.com/entities/benefit-one-inc" target="_blank" data-smartkarma-citation="entities:14502:1" rel="noopener">Benefit One Inc (2412 JP)</a>.</li>
<li>The possibility of a fourth Offer attempt by the Queks is raised as Elliott surprisingly exits its position in <a href="https://www.smartkarma.com/entities/guoco-group-ltd" target="_blank" data-smartkarma-citation="entities:5290:1" rel="noopener">Guoco Group Ltd (53 HK)</a><a href="https://www.smartkarma.com/entities/guoco-group-ltd" target="_blank" data-smartkarma-citation="entities:5290:1" rel="noopener"></a>.</li>
<li>
<a href="https://www.smartkarma.com/entities/outsourcing-inc" target="_blank" data-smartkarma-citation="entities:7431:1" rel="noopener">Outsourcing Inc (2427 JP)</a> is eminently bumpable, But unless investors force the issue, don't expect a bump.</li>
</ul>


As totally expected, Dai Ichi Life Insurance (8750 JP) extended its expected start date for the Tender Offer on Benefit One Inc (2412 JP).
The possibility of a fourth Offer attempt by the Queks is raised as Elliott surprisingly exits its position in Guoco Group Ltd (53 HK).

Outsourcing Inc (2427 JP) is eminently bumpable, But unless investors force the issue, don't expect a bump.


Last Week in Event SPACE: Benefit One, Guoco, Outsourcing, Hang Lung, Hollysys, Dalek

<ul>
<li>A change of pace from the usual Asia-Pac stubs: <a href="https://www.smartkarma.com/entities/delek-us-holdings-inc" target="_blank" data-smartkarma-citation="entities:10780:1" rel="noopener">Delek US (DK US)</a>, a deep value downstream refining and logistic (via 78.7% held <a href="https://www.smartkarma.com/entities/delek-logistics-partners-lp" target="_blank" data-smartkarma-citation="entities:37024:1" rel="noopener">Delek Logistics Partners (DKL US)</a>) play</li>
<li>Preceding my comments on Delek are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


A change of pace from the usual Asia-Pac stubs: Delek US (DK US), a deep value downstream refining and logistic (via 78.7% held Delek Logistics Partners (DKL US)) play
Preceding my comments on Delek are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: Upside To Delek (DK US)'s Downstream Ops

United States

Delek Logistics Partners LP provides crude oil logistic services. The Company acquires, refines, and transports crude oils.

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Delek Logistics Partners LP (DKL US)

Last Week in Event SPACE: Benefit One, Guoco, Outsourcing, Hang Lung, Hollysys, Dalek

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

StubWorld: Upside To Delek (DK US)'s Downstream Ops

IF you can take down borrow cheaply, I'd set up the stub here. or simply go outright long in DK. It is inexpensive to peers and its shares price...

David Blennerhassett

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