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

Bapcor (BAP AU): Potential Suitors Kicking Tyres

Bapcor Placement: Capital Raising for an Essential Service Provider

Quiddity Advisors

Event-Driven

<ul>
<li>After <strong><a href="https://www.smartkarma.com/entities/bapcor-ltd" target="_blank" data-smartkarma-citation="entities:8433:1" rel="noopener">Bapcor (BAP AU)</a></strong> guided weaker FY24E numbers, Bain tabled a A$5.40/share indicative Offer on the 11th June 2024. Bapcor summarily rejected terms on the 9th July.</li>
<li>Since that rejection, Bapcor's share price has cratered 87% following repeated earnings downgrades plus a heavily discounted equity raise this past February.</li>
<li>Tanarra and Spheria remain steadfast in their holdings; but AustralianSuper has now exited. At these distressed levels, you can envisage a PE outfit running a ruler over the company</li>
</ul>


After Bapcor (BAP AU) guided weaker FY24E numbers, Bain tabled a A$5.40/share indicative Offer on the 11th June 2024. Bapcor summarily rejected terms on the 9th July.
Since that rejection, Bapcor's share price has cratered 87% following repeated earnings downgrades plus a heavily discounted equity raise this past February.
Tanarra and Spheria remain steadfast in their holdings; but AustralianSuper has now exited. At these distressed levels, you can envisage a PE outfit running a ruler over the company


Bapcor (BAP AU): Distressed Play In Need Of Distressed Buyer

Bapcor Ltd

Bapcor (BAP AU): Distressed Play In Need Of Distressed Buyer