Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

TOPIX Jan FFW Change - Visional (4194), Anycolor (5032), Furuya Metal (7826)

Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names

Quiddity TDIV/​50/​100 Mar 24 Rebal: Disappointing Result but Trade Successful So Far; Bail Out Now!

Anycolor (5032 JP) Shareholder Structure Now And Future

Anycolor (5032 JP) Shows Its Colours - Great Quarter Guys! and TOPIX-Bound

Anycolor (5032 JP) - Moving to Prime Next Week, TOPIX Inclusion Next Month

Quiddity Advisors

Equity Bottom-Up

<ul>
<li>Nine months ago I first wrote on <a href="https://www.smartkarma.com/entities/anycolor-inc" target="_blank" data-smartkarma-citation="entities:36618:1" rel="noopener">Anycolor (5032 JP)</a>. I thought the guidance growth pattern and valuations remarkable. Results handily beat guidance. Now we're in Year 2 of guidance.</li>
<li>After the first full year listed, FY2024 guidance was for +30% in revenue to ¥33bn, and +35% growth in OP. For Q1, reported yesterday, actual results were +51% and +91%.</li>
<li>The stock is popping this AM, but it is still cheap vs growth rates and margins. There are, notably, still "context issues" here. They merit some consideration (and investigation).</li>
</ul>


Nine months ago I first wrote on Anycolor (5032 JP). I thought the guidance growth pattern and valuations remarkable. Results handily beat guidance. Now we're in Year 2 of guidance.
After the first full year listed, FY2024 guidance was for +30% in revenue to ¥33bn, and +35% growth in OP. For Q1, reported yesterday, actual results were +51% and +91%.
The stock is popping this AM, but it is still cheap vs growth rates and margins. There are, notably, still "context issues" here. They merit some consideration (and investigation).


Anycolor (5032) - Great Quarter Guys! Again. Context Issues. Still.