Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 26 years of covering Asia Pacific equities, the past 20 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/frasers-group-plc" target="_blank" data-smartkarma-citation="entities:22158:1" rel="noopener"><strong>Frasers Group (FRAS LN)</strong></a>, footwear/clothing play <strong><a href="https://www.smartkarma.com/entities/accent-group-ltd" target="_blank" data-smartkarma-citation="entities:14283:1" rel="noopener">Accent Group (AX1 AU)</a></strong>'s largest shareholder (22.9%), has launched an on-market Offer at A$0.65/share, a zero premium to last close. </li>
<li>Frasers has been on the scene since August 2024, when it acquired a 14.65% stake; then inked  a 25-year strategic partnership in April 2025. And bumped its holding to 19.9%.</li>
<li>Optically, $0.65/share appears a steal. Accent is down 73% from its December 2024 high. Yet Frasers raises legitimate concerns on, inter alia, Accent's capital allocation priorities and the board's remuneration. </li>
</ul>



Frasers Group (FRAS LN), footwear/clothing play Accent Group (AX1 AU)'s largest shareholder (22.9%), has launched an on-market Offer at A$0.65/share, a zero premium to last close. 
Frasers has been on the scene since August 2024, when it acquired a 14.65% stake; then inked  a 25-year strategic partnership in April 2025. And bumped its holding to 19.9%.
Optically, $0.65/share appears a steal. Accent is down 73% from its December 2024 high. Yet Frasers raises legitimate concerns on, inter alia, Accent's capital allocation priorities and the board's remuneration. 


Accent Group (AX1 AU): Frasers' On-Market Offer Is Less Opportunistic Than At First Glance