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 22 years of covering Asia Pacific equities, the past 19 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

CMCDI (133 HK): Concessions Don't Go Far Enough

CMCDI (133 HK): AGM Outcome May Provide Another Leg-Up

CMCDI (133 HK): Kan Re-Elected. But Only Just

CMCDI (133 HK): Buybacks And Management Fees Into Focus

Quiddity Advisors

Event-Driven

China Merchants China Direct Investments / Event-Driven

China Merchants China Direct Investments (133 HK)

<ul>
<li>Argyle Street Management (ASM), a 9.01% shareholder i<strong>n <a href="https://www.smartkarma.com/entities/china-merchants-china-direct-investments" target="_blank" data-smartkarma-citation="entities:6862:1" rel="noopener">China Merchants China Direct Investments (133 HK)</a></strong>, has been (very) publicly angling for change in this closed-end fund. <a href="https://unlockvaluechinamerchants.com/" target="_blank" rel="noopener">Here</a> is their website.</li>
<li>The core issue is CMCDI's P/NAV ratio of 0.41x compared to closed-end fund peers of 0.8x-0.9x. </li>
<li>CMCDI has finally responded to ASM's overtures with the prospect of a share buyback and a special dividend. But details are thin on the ground. </li>
</ul>


Argyle Street Management (ASM), a 9.01% shareholder in China Merchants China Direct Investments (133 HK), has been (very) publicly angling for change in this closed-end fund. Here is their website.
The core issue is CMCDI's P/NAV ratio of 0.41x compared to closed-end fund peers of 0.8x-0.9x. 
CMCDI has finally responded to ASM's overtures with the prospect of a share buyback and a special dividend. But details are thin on the ground. 


CMCDI (133 HK)'s Proposals Light On Detail