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 – How Much Risk Is There On A Deal Break?

Toshiba (6502) - Funding Deadline Risk Was Known 6+ Weeks Ago

Toshiba (6502) - JIP Gets Preferred Bidder Status and We Get The First Price Leak

Toshiba Bidders Switching Partners May Be Bullish

A Bull Investment Case for TSMC (Summary Version)

Quiddity Advisors

Event-Driven

<ul>
<li>A week after JIP gets preferred status and we had rumoured bid prices, we now have an article saying JIC/Bain is still in it, and a new article today.</li>
<li>Today's "new" article says JIP's bid price is what the first leak suggested, which is below ¥6,000/share. Other articles suggest bidders are finding that securing financing is tough. </li>
<li>Investors should look at process and understand the difference between this one and most others. It matters. Some news is not news, other than telling you the dance has started.</li>
</ul>


A week after JIP gets preferred status and we had rumoured bid prices, we now have an article saying JIC/Bain is still in it, and a new article today.
Today's "new" article says JIP's bid price is what the first leak suggested, which is below ¥6,000/share. Other articles suggest bidders are finding that securing financing is tough. 
Investors should look at process and understand the difference between this one and most others. It matters. Some news is not news, other than telling you the dance has started.


Toshiba (6502) - There Is Actual News, and There Are Datapoints Which Masquerade as News

Toshiba Corp

Toshiba (6502) - There Is Actual News, and There Are Datapoints Which Masquerade as News