Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Leaderboard ASX Dec 23: Three ASX 200 Changes + Origin Energy Question Mark

Quiddity Leaderboard F100/​​​250 Dec 23: CAB Payments Could Be Deleted from F250

Origin: Brookfield's "Inferior" Alternative Proposal

Origin/Brookfield: ACCC Rubber Stamped. Now Shareholders Will Have Their Say

Origin/Brookfield: Bump Expected Ahead Of 23 Nov Scheme Meeting

Origin Energy: ACCC's Concerns And Brookfield's Quid Pro Quo

Quiddity Advisors

Event-Driven

<ul>
<li>On the 31st October, AustralianSuper (with 13.67% of shares out and <a href="https://www.smartkarma.com/entities/origin-energy-ltd" target="_blank" data-smartkarma-citation="entities:797:1" rel="noopener">Origin Energy (ORG AU)</a>'s largest shareholder) <a href="https://www.australiansuper.com/-/media/australian-super/files/about-us/media-releases/australiansuper-rejects-brookfield-bid-for-origin-energy.pdf" target="_blank" rel="noopener">argued</a> the Brookfield/EIG-backed Consortium Offer remained substantially below its estimate of fair value.</li>
<li>Brookfield/EIG have now increased their Offer by 8% to $9.53/share from $8.81/share, which now comprises cash components of A$6.59/share and US$1.86/share. A consideration-reducing fully-franked dividend of A$0.39/share is expected.</li>
<li>
The Offer is declared "best and final." It is above the top-end of the IE's valuation range. AustralianSuper should accept the revised terms. But they say no.</li>
</ul>


On the 31st October, AustralianSuper (with 13.67% of shares out and Origin Energy (ORG AU)'s largest shareholder) argued the Brookfield/EIG-backed Consortium Offer remained substantially below its estimate of fair value.
Brookfield/EIG have now increased their Offer by 8% to $9.53/share from $8.81/share, which now comprises cash components of A$6.59/share and US$1.86/share. A consideration-reducing fully-franked dividend of A$0.39/share is expected.

The Offer is declared "best and final." It is above the top-end of the IE's valuation range. AustralianSuper should accept the revised terms. But they say no.


Origin: Brookfield Bumps. AustralianSuper Say Meh.