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

[Japan Activism] DeNA Attracts Murakami Group - Potentially Squeezable With Reason

DeNA (2432) Buyback - Accretive on a Low Leverage Business Which Will Grow In Time

Quiddity Advisors

Equity Capital Markets

<ul>
<li>Friday 27 February after the close, three banks and <a href="https://www.smartkarma.com/entities/dena-co-ltd" target="_blank" data-smartkarma-citation="entities:747:1" rel="noopener">DeNA (2432 JP)</a> announced a sale of <a href="https://www.smartkarma.com/entities/nintendo-co-ltd" target="_blank" data-smartkarma-citation="entities:5415:1" rel="noopener">Nintendo (7974 JP)</a> shares worth ¥300bn+ measured at a 5% discount to the close.</li>
<li>This will price likely on 9 March, with half the deal going to instos. There will be a ToSTNeT-3 buyback of up to ¥100bn on either 3-4 March. </li>
<li>I expect this one gets taken easily. Possibly even squeeze-able. The next week or two may be busy before unwinds taper off. </li>
</ul>


Friday 27 February after the close, three banks and DeNA (2432 JP) announced a sale of Nintendo (7974 JP) shares worth ¥300bn+ measured at a 5% discount to the close.
This will price likely on 9 March, with half the deal going to instos. There will be a ToSTNeT-3 buyback of up to ¥100bn on either 3-4 March. 
I expect this one gets taken easily. Possibly even squeeze-able. The next week or two may be busy before unwinds taper off. 


[Japan ECM] Three Banks & DeNA (2432) To Offer ¥300bn of Shares, Maybe Dropping to ¥200bn