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

Poon Moves On Dickson Concepts (113 HK)'s Cash Hoard?

Quiddity Advisors

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/dickson-concepts-intl-ltd" target="_blank" data-smartkarma-citation="entities:5052:1" rel="noopener">Dickson Concepts (113 HK)</a></strong> (DC)'s Chairman, Dickson Poon (&amp; relatives), holding 61.98%, have tabled an Offer by way of a Scheme for shares not held, at <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0429/2025042902456.pdf" target="_blank" rel="noopener">HK$7.20/share (best &amp; final)</a>.</li>
<li>That compares to DC's net cash (as at 30 Sept 2024) of HK$7.44/share. Plus financial assets comprise an additional ~HK$2.16/share. </li>
<li>The IFA will cite liquidity and DC's historical discount to NAV, and opine "reasonable", and perhaps even "fair". It is neither. Minorities should vote this down. But probably won't ...</li>
</ul>



Dickson Concepts (113 HK) (DC)'s Chairman, Dickson Poon (&amp; relatives), holding 61.98%, have tabled an Offer by way of a Scheme for shares not held, at HK$7.20/share (best &amp; final).
That compares to DC's net cash (as at 30 Sept 2024) of HK$7.44/share. Plus financial assets comprise an additional ~HK$2.16/share. 
The IFA will cite liquidity and DC's historical discount to NAV, and opine "reasonable", and perhaps even "fair". It is neither. Minorities should vote this down. But probably won't ...


Poon's Underpriced Takeover. Minorities Deserve Better

Dickson Concepts Intl

Poon's Underpriced Takeover. Minorities Deserve Better