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

Toshiba – These Are The Days Of Our Lives

Toshiba (6502) Ownership Structure - "Hostage to Toshiba" Larger Than Real World Float

Toshiba (6502) Strong Vs Peers on No News Means Susceptible to Risk On Underperformance

Toshiba (6502) - Now We Have the First Rounds Bids In, And We Wait, But It's Top of Range

Toshiba (6502) - Now We Have "That One Piece Of News"

A Bull Investment Case for TSMC (Summary Version)

Quiddity Advisors

Event-Driven

<ul>
<li>An article this morning in the Yomiuri suggested JIC was bidding, even though they have not been in any "lists of 8 bidders" I have seen. The market yawned. </li>
<li>An article this evening says bidders are offering "up to ¥7,000/share" but there is a range of pricing and conditions. Not surprising, but we know little. </li>
<li>Shareholder structure matters. This has been event-y for a long time so I expect not many new buyers are ready to come in. This just shifts the range. And risk.</li>
</ul>


An article this morning in the Yomiuri suggested JIC was bidding, even though they have not been in any "lists of 8 bidders" I have seen. The market yawned. 
An article this evening says bidders are offering "up to ¥7,000/share" but there is a range of pricing and conditions. Not surprising, but we know little. 
Shareholder structure matters. This has been event-y for a long time so I expect not many new buyers are ready to come in. This just shifts the range. And risk.


Oops, Price Leaks Early on Toshiba - Now We Have To Think About Probability

Toshiba Corp

Oops, Price Leaks Early on Toshiba - Now We Have To Think About Probability