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

Yamada Denki (9831) - GINORMOUS Buyback 2/3 Done. Stock Price Reaction Limited.

Yamada Denki (9831) Buyback Almost Done and Odd Dividend "Cut", and a Lightbulb Dilemma

Yamada Denki and Otsuka Kagu Do The Deed - A Quick Merger

Yamada Denki - GINORMOUS Buyback To Dramatically Boost EPS and ROE

Otsuka Kagu to Be Absorbed by Yamada Denki as Family CEO Departs

Quiddity Advisors

Event-Driven

<ul>
<li>In early May 2022, <a href="https://www.smartkarma.com/entities/yamada-denki-co-ltd" target="_blank" data-smartkarma-citation="entities:641:1" rel="noopener">Yamada Denki (9831 JP)</a> launched a GINORMOUS buyback program. I <a href="https://www.smartkarma.com/insights/yamada-denki-ginormous-buyback-to-dramatically-boost-eps-and-roe" target="_blank" rel="noopener">wrote</a> about it suggesting the company meant business. The stock popped outright and vs Peers.</li>
<li>Then it fell back, and has only recently started moving back up. Surprising given buyback dynamics but it may have been overhang. If so, that overhang should be gone now.</li>
<li>And the stock is cheap, a chunk of the register is sticky, so this could get squeezier now.</li>
</ul>


In early May 2022, Yamada Denki (9831 JP) launched a GINORMOUS buyback program. I wrote about it suggesting the company meant business. The stock popped outright and vs Peers.
Then it fell back, and has only recently started moving back up. Surprising given buyback dynamics but it may have been overhang. If so, that overhang should be gone now.
And the stock is cheap, a chunk of the register is sticky, so this could get squeezier now.


Yamada Denki (9831) Buyback Progress Strong But Big Impact To Come