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

INPEX Buyback Offers 2 Opportunities - JAPEX (1662 JP)

Quiddity Advisors

Event-Driven

<p>On Friday 5 November after the close, <a href="https://www.smartkarma.com/entities/inpex-corp" target="_blank" data-smartkarma-citation="entities:20665:1" rel="noopener">Inpex Corp (1605 JP)</a> announced quarterly earnings (<a href="https://www.inpex.co.jp/english/ir/pdf/e20211105_c.pdf" target="_blank" rel="noopener">results</a>, <a href="https://www.inpex.co.jp/english/ir/pdf/e20211105_b.pdf" target="_blank" rel="noopener">presentation</a>) with its second highest quarterly revenue since June 2008 and second highest quarterly operating profit in seven years, and its highest quarterly EPS number since June 2008 with its highest net profit margin as far as I can go back.</p><p>It also announced a buyback of 80,000,000 shares - or 5.48% of shares out.  That buyback will see up to JPY 70,000,000,000 spent between now and the end of January 2022. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/240/009/original/Screenshot+2021-11-06+at+9.48.19+PM.png?1636206513" class="editor-image img-responsive" data-smartkarma-image-id="240009"></figure></section><p>The last line tells you something else for later. </p>

On Friday 5 November after the close, Inpex Corp (1605 JP) announced quarterly earnings (results, presentation) with its second highest quarterly revenue since June 2008 and second highest quarterly operating profit in seven years, and its highest quarterly EPS number since June 2008 with its highest net profit margin as far as I can go back.It also announced a buyback of 80,000,000 shares - or 5.48% of shares out.  That buyback will see up to JPY 70,000,000,000 spent between now and the end of January 2022. The last line tells you something else for later. 

INPEX Buyback Offers 2 Opportunities - INPEX (1605 JP)