Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/raysum-co-ltd" target="_blank" data-smartkarma-citation="entities:6084:1" rel="noopener">Raysum Co Ltd (8890 JP)</a> has been in a weird kind of limbo for well over a year. The Chairman/Founder resigned late last year for health reasons.</li>
<li>The company needed to take action to stay listed on TSE Standard. There was a plan to transfer 60+% of the shares to a foundation, through an odd arrangement.</li>
<li>Then a hedge fund stepped up and said "I'll have 64% of the company at a near life-time high." So now we have an interesting deal. And interesting potential future.</li>
</ul>



Raysum Co Ltd (8890 JP) has been in a weird kind of limbo for well over a year. The Chairman/Founder resigned late last year for health reasons.
The company needed to take action to stay listed on TSE Standard. There was a plan to transfer 60+% of the shares to a foundation, through an odd arrangement.
Then a hedge fund stepped up and said "I'll have 64% of the company at a near life-time high." So now we have an interesting deal. And interesting potential future.


Raysum (8890 JP) Mystery Bidder Is a Hedge Fund - And That Makes It More Interesting

<p>Today after the close, smallcap property developer/re-developer/manager <a href="https://www.smartkarma.com/entities/6084" target="_blank" data-smartkarma-citation="entities:6084:1">Raysum Co Ltd (8890 JP)</a> announced a tender offer to buy back its own shares. The announcement came along with Q1 earnings which <em>look</em> pretty spectacular in terms of year-on-year growth. Revenues +163% yoy for Q1, OP up 593%, and Recurring Profit up 984% to 1bn yen, and Net Profit +594% to 644mm yen for the quarter. However it is to note that revenues are expected up 58% this year, and OP +40% and Q1 is on average the weakest…</p>

Today after the close, smallcap property developer/re-developer/manager Raysum Co Ltd (8890 JP) announced a tender offer to buy back its own shares. The announcement came along with Q1 earnings which look pretty spectacular in terms of year-on-year growth. Revenues +163% yoy for Q1, OP up 593%, and Recurring Profit up 984% to 1bn yen, and Net Profit +594% to 644mm yen for the quarter. However it is to note that revenues are expected up 58% this year, and OP +40% and Q1 is on average the weakest…

Raysum (8890 JP) Own Share Tender - Big Accretive Buyback

Japan

Raysum Co., Ltd. provides building management, real estate investment, and advisory services as well as securitized real estate properties. The Company also investigates, purchases, and collects non-performing loans as a servicing agent.

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Raysum (8890 JP) Mystery Bidder Is a Hedge Fund - And That Makes It More Interesting

Raysum is a low-multiple R.E. dev business specialising in "upvalue" business. The founder owned 72% 6mos ago, sold some, was to transfer 64% to a...

Travis Lundy

Raysum (8890 JP) Own Share Tender - Big Accretive Buyback

Today after the close, smallcap property developer/re-developer/manager Raysum Co Ltd (8890 JP) announced a tender offer to buy back its own...

Travis Lundy