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

Pacific Smiles (PSQ AU): A Brace Of Offers

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/pacific-smiles-group-ltd" target="_blank" data-smartkarma-citation="entities:2891:1" rel="noopener">Pacific Smiles (PSQ AU)</a></strong>, an operator of dental centers, has <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02754994-2A1494957" target="_blank" rel="noopener">announced</a> - and immediately rejected - a non-binding proposal from Genesis Capital Manager.</li>
<li>Genesis, holder of 18.75% of shares out, has offered A$1.40/share, by way of a Scheme. That's a less-than-inspiring 17.1% premium to last close. </li>
<li>PSQ calls the Offer "opportunistically timed". That has merit, after the share price recently touched a multi-year low.  Separately, PSQ <em>is</em> seeking a new CEO after Mckenzie resigned in August.</li>
</ul>



Pacific Smiles (PSQ AU), an operator of dental centers, has announced - and immediately rejected - a non-binding proposal from Genesis Capital Manager.
Genesis, holder of 18.75% of shares out, has offered A$1.40/share, by way of a Scheme. That's a less-than-inspiring 17.1% premium to last close. 
PSQ calls the Offer "opportunistically timed". That has merit, after the share price recently touched a multi-year low.  Separately, PSQ is seeking a new CEO after Mckenzie resigned in August.


Pacific Smiles (PSQ AU) Frowns On Genesis' Offer