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

SBI (8473 JP) To Raise Stake in Brangista (6176 JP) In the Market Over 7 Months

[Japan Partial Tender] BASE (4477 JP) Deal Update - Trading VERY Cheap

[Japan Partial Tender] BASE (4477 JP) - SBI Extends on Zero Minimum. Bumpity Bumpity Bumpity

[Japan Partial Tender] SBI Launches Partial Offer for 20% of BASE (4477 JP) At ¥340 - Needs More

Boss Maki Goes Hard on Base (4477) - Interesting Situation

Quiddity Advisors

Event-Driven

<ul>
<li>On 28 August, <a href="https://www.smartkarma.com/entities/sbi-holdings-inc" target="_blank" data-smartkarma-citation="entities:10928:1" rel="noopener">SBI Holdings (8473 JP)</a> announced a Tender Offer to buy 20% of <a href="https://www.smartkarma.com/entities/base-inc" target="_blank" data-smartkarma-citation="entities:28353:1" rel="noopener">BASE Inc (4477 JP)</a> by Tender Offer at ¥340/share. That was a very small premium. </li>
<li>My comments were in <a href="https://www.smartkarma.com/insights/japan-partial-tender-sbi-launches-partial-offer-for-20-of-base-4477-jp-at-340-needs-more" target="_blank" data-smartkarma-citation="insights:265855" rel="noopener">[Japan Partial Tender] SBI Launches Partial Offer for 20% of BASE (4477 JP) At ¥340 - Needs More</a>. SBI has quite often underpaid on partials.  </li>
<li>Top shareholder Maki-san was released from his confidentiality agreement the same day. Last night he released an updated Large Shareholder Filing Amendment. It tells you something. </li>
</ul>


On 28 August, SBI Holdings (8473 JP) announced a Tender Offer to buy 20% of BASE Inc (4477 JP) by Tender Offer at ¥340/share. That was a very small premium. 
My comments were in [Japan Partial Tender] SBI Launches Partial Offer for 20% of BASE (4477 JP) At ¥340 - Needs More. SBI has quite often underpaid on partials.  
Top shareholder Maki-san was released from his confidentiality agreement the same day. Last night he released an updated Large Shareholder Filing Amendment. It tells you something. 


[Japan Partial Tender] Update on SBI's Tender for BASE (4477 JP)