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

Nidec (6594): A V-Shaped Recovery Cannot Be Taken for Granted

Nidec (6594 JP): Buy into Current Weakness

Quiddity Advisors

Event-Driven

<ul>
<li>Small machine tool maker OKK used to be good for about ¥2bn in EBITDA, then that dropped to the low ¥1bns on average, then the last two years were negative. </li>
<li>A year ago, Nidec agreed to inject capital and buy 66.6% of OKK - Now Nidec OKK - for peanuts. Yesterday, the two agreed a scrip merger on 1 March.</li>
<li>The process and ratio leave a LOT to be desired but they only need 66.67% and with 66.66% already, it's a done deal. Nothing you can do about it.  </li>
</ul>


Small machine tool maker OKK used to be good for about ¥2bn in EBITDA, then that dropped to the low ¥1bns on average, then the last two years were negative. 
A year ago, Nidec agreed to inject capital and buy 66.6% of OKK - Now Nidec OKK - for peanuts. Yesterday, the two agreed a scrip merger on 1 March.
The process and ratio leave a LOT to be desired but they only need 66.67% and with 66.66% already, it's a done deal. Nothing you can do about it.  


Nidec (6594) To Take Over Nidec OKK (6205), Squeezing Out Minorities

Okk Corp

Nidec (6594) To Take Over Nidec OKK (6205), Squeezing Out Minorities