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

NTT (Buy) - Investor Day Highlights Global Data Center Business

NTT (Buy) - Q2 22 Results Reaction: Expanded Buyback Is Second Largest Ever

NTT (9432) - Salutary Earnings Salutary Buyback, More to Go

NTT (Buy) - Some Quick Takeaways from the Subsea Cable Announcement

NTT (Buy) - Q1 22 Results Reaction: Forex Gains Flatter Top-Line; Signs of Mobile Stability

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Event-Driven

NTT (Nippon Telegraph & Telephone) / Event-Driven

NTT (Nippon Telegraph & Telephone) (9432 JP)

<ul>
<li>NTT announced a buyback in May as discussed in <a href="https://www.smartkarma.com/insights/ntt-9432-salutary-earnings-salutary-buyback-more-to-go" target="_blank" data-smartkarma-citation="insights:69873" rel="noopener">NTT (9432) - Salutary Earnings Salutary Buyback, More to Go</a>, via ToSTNeT-3 to buy a chunk of the govt's stake. </li>
<li>That will be <a href="https://group.ntt/en/newsrelease/2022/09/14/220914a.html" target="_blank" rel="noopener">executed</a> by ToSTNeT-3 buyback pre-open tomorrow, with a bid of 103.1725mm shares at ¥3,877. A separate report suggests the Ministry of Finance will sell 92mm shares.</li>
<li>It is like a mini tender offer so if you want to sell a large chunk of shares, you can. But I wouldn't. </li>
</ul>


NTT announced a buyback in May as discussed in NTT (9432) - Salutary Earnings Salutary Buyback, More to Go, via ToSTNeT-3 to buy a chunk of the govt's stake. 
That will be executed by ToSTNeT-3 buyback pre-open tomorrow, with a bid of 103.1725mm shares at ¥3,877. A separate report suggests the Ministry of Finance will sell 92mm shares.
It is like a mini tender offer so if you want to sell a large chunk of shares, you can. But I wouldn't. 


NTT (9432) Buyback Has Come - But NTT Is Gonna Grind Out Better EPS So I'd Keep It