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 26 years of covering Asia Pacific equities, the past 20 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

Tourism Holdings (THL NZ/AU): Unnamed Bidder Lobs A NZ$3.30-3.40 NBIO

BGH Seeks To Steer Tourism Holdings (THL NZ) Out Of A Rut

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 16th June 2025, dual-listed <a href="https://www.smartkarma.com/entities/tourism-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2787:1" rel="noopener">Tourism Holdings (THL NZ/AU)</a> announced an unsolicited NBIO from a consortium comprising BGH Capital and the founding Trouchet family.</li>
<li>The consortium, holding 19.9% of shares out, offered NZ$2.30/share for the world's largest commercial recreation vehicle rental operator. THL summarily rejected terms. Then crickets. </li>
<li>THL announced this morning a profit downgrade; and a revised NBIO from the consortium of NZ$3.10/share. ~16% of the register is supportive. The proposal expires on the 12th June. </li>
</ul>


Back on the 16th June 2025, dual-listed Tourism Holdings (THL NZ/AU) announced an unsolicited NBIO from a consortium comprising BGH Capital and the founding Trouchet family.
The consortium, holding 19.9% of shares out, offered NZ$2.30/share for the world's largest commercial recreation vehicle rental operator. THL summarily rejected terms. Then crickets. 
THL announced this morning a profit downgrade; and a revised NBIO from the consortium of NZ$3.10/share. ~16% of the register is supportive. The proposal expires on the 12th June. 


Tourism Holdings (THL NZ/AU): BGH & Trouchet Family Return To The Well