Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On 20 May, I wrote that Japanese activist MURAKAMI Yoshiaki and relations/affiliates had gone from 5% to 20% of <a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a> in 5 trading days.</li>
<li>I wondered if it was real, or a pump &amp; dump, but they went to near 30% in following days. THEN they drifted off as Murakami-Fille sold while Murakami-Père bought. </li>
<li>The reasoning was not clear, but the story had real potential. Still does. Today, shareholders got more good news. </li>
</ul>


On 20 May, I wrote that Japanese activist MURAKAMI Yoshiaki and relations/affiliates had gone from 5% to 20% of Mitsui Matsushima (1518 JP) in 5 trading days.
I wondered if it was real, or a pump &amp; dump, but they went to near 30% in following days. THEN they drifted off as Murakami-Fille sold while Murakami-Père bought. 
The reasoning was not clear, but the story had real potential. Still does. Today, shareholders got more good news. 


JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up

David Blennerhassett

<ul>
<li>Colour me perplexed. Murakami Group ran up <a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a>'s share price in acquiring 29%. The pattern was clear, but one assumes everyone in-group was on the same page.</li>
<li>Two activist shareholders. And long only upping its stake. Heavily discounted <a href="https://www.smartkarma.com/entities/china-merchants-china-direct-investments" target="_blank" data-smartkarma-citation="entities:6862:1" rel="noopener">China Merchants China Direct Investments (133 HK)</a> is in play.</li>
<li>A HUGE new buyback for <a href="https://www.smartkarma.com/entities/kansai-paint-co-ltd" target="_blank" data-smartkarma-citation="entities:13340:1" rel="noopener">Kansai Paint (4613 JP)</a>. Really big. Buy Kansai Paint vs Nippon Paint. One can buy the pop. One can buy any dips after the pop. </li>
</ul>


Colour me perplexed. Murakami Group ran up Mitsui Matsushima (1518 JP)'s share price in acquiring 29%. The pattern was clear, but one assumes everyone in-group was on the same page.
Two activist shareholders. And long only upping its stake. Heavily discounted China Merchants China Direct Investments (133 HK) is in play.
A HUGE new buyback for Kansai Paint (4613 JP). Really big. Buy Kansai Paint vs Nippon Paint. One can buy the pop. One can buy any dips after the pop. 


Last Week in Event SPACE: Mitsui Matsushima, China Merchants,Kansai Paint, Teijin, Sciclone Pharma

<ul>
<li>Colour me perplexed. Murakami Group ran up <a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a>'s share price in acquiring 29%. The pattern was clear, but one assumes everyone in-group was on the same page.</li>
<li>The earliest buyer was NOMURA Aya. She bought early, slowly, then aggressively, then onshore buyers bought aggressively at higher prices. But she has now sold 6 days straight.</li>
<li>The pattern is confusing but it will become clearer in coming days.</li>
</ul>


Colour me perplexed. Murakami Group ran up Mitsui Matsushima (1518 JP)'s share price in acquiring 29%. The pattern was clear, but one assumes everyone in-group was on the same page.
The earliest buyer was NOMURA Aya. She bought early, slowly, then aggressively, then onshore buyers bought aggressively at higher prices. But she has now sold 6 days straight.
The pattern is confusing but it will become clearer in coming days.


JAPAN ACTIVISM: Murakami-Père Ran Up Mitsui Matsushima (1518 JP), Now Murakami-Fille Selling Down

<ul>
<li>Noted Japanese activist MURAKAMI Yoshiaki and his entities and relations went from 4.98% to 19.88% of <a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a> at an average ¥3,500/share from 2 May through 10 May.</li>
<li>Then they bought an additional 5.44% on 13 May, just before earnings, in the midst of a huge run-up, paying 40% more for that 5% than the first 5%. </li>
<li>I thought that might be the end, but in two days, they have bought an additional 9+%. There is something else going on. It is worthy of your attention. </li>
</ul>


Noted Japanese activist MURAKAMI Yoshiaki and his entities and relations went from 4.98% to 19.88% of Mitsui Matsushima (1518 JP) at an average ¥3,500/share from 2 May through 10 May.
Then they bought an additional 5.44% on 13 May, just before earnings, in the midst of a huge run-up, paying 40% more for that 5% than the first 5%. 
I thought that might be the end, but in two days, they have bought an additional 9+%. There is something else going on. It is worthy of your attention. 


JAPAN ACTIVISM:  Murakami Now 29% of Mitsui Matsushima. Activism? Or Effort to Make Murakami Listco

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mitsui-matsushima-co-ltd" target="_blank" data-smartkarma-citation="entities:13569:1" rel="noopener">Mitsui Matsushima (1518 JP)</a> was a coal company starting over 100yrs ago. A bunch of years ago it started a solar energy business and then started M&amp;A to diversify.</li>
<li>Coal closed last year and since, MMH has become an investment holdco for "basic businesses" (drinking straws, conveyor system chains, document shredders, weighing machines, crystal measuring devices, mask blanks, etc).</li>
<li>Murakami Group accumulated 4.98% in five weeks, then the next 14.9% in five days. Pump &amp; Dump like Pacific Metals? Activism like JAFCO? Or something else more interesting?</li>
</ul>



Mitsui Matsushima (1518 JP) was a coal company starting over 100yrs ago. A bunch of years ago it started a solar energy business and then started M&amp;A to diversify.
Coal closed last year and since, MMH has become an investment holdco for "basic businesses" (drinking straws, conveyor system chains, document shredders, weighing machines, crystal measuring devices, mask blanks, etc).
Murakami Group accumulated 4.98% in five weeks, then the next 14.9% in five days. Pump &amp; Dump like Pacific Metals? Activism like JAFCO? Or something else more interesting?


JAPAN ACTIVISM: Murakami-Related Buyers Go from 5% to 20% of Mitsui Matsushima (1518) In 5 Days. Hmm

Japan

SUMISEKI HOLDINGS, INC. is a holding company established through the reorganization of Sumitomo Coal Mining Co., Ltd.  The Company, through its subsidiaries, wholesales coal, cement, and industrial machinery. Sumiseki Holdings also operates truck and marine transportation services.

Toshin Group co., ltd. is a holding company, which manages operations for its subsidiaries. Group company primarily wholesales housing products.  The Company sells lighting equipment, electrical engineering materials such as cables and housing fixtures including system kitchens and air-conditioning equipment. Toshin also directly sells the products to electrical and building contractors.

KAMEI CORPORATION is a trading company specializing in petroleum and gas products.  The Company also operates gas stations in Tohoku area (north part of Japan) and distributes alcoholic beverages, food, and construction material such as cement and concrete.

Shinsho Corporation is a steel maker and trader.  The Company produces steel products, steel making materials, nonferrous metals, machinery, welding materials, and electronics products.

Japan Pulp and Paper Co Ltd distributes papers, paperboard, pulps, and paper-related products.  The Company also operates real estate business. Japan Pulp & Paper owns a network of overseas operations in Asia, Oceania, and the North America.

DAIICHI JITSUGYO CO., LTD. trades machinery.  The Company also trades various type of materials such as pipes, construction, plastics, fastener, and chemicals.  Daiichi Jitsugyo leases machinery and real estate.

SEIKA CORPORATION, a member of Mitsubishi Group, is a trading company handling machine tools, power generators, electronic equipment, and other industrial machinery.  The Company also distributes information technology (IT) related equipment, special testing equipment, and environmental preservation devices.

Kokusai Pulp & Paper Co., Ltd. sells paper products. The Company wholesales and distributes paper boards, pulps, and other products. Kokusai Pulp & Paper also operates real estate leasing, warehousing, and other businesses.

SENSHU ELECTRIC CO., LTD. sells cable and wire products used for machinery, telecommunications, and electric power.  The company also makes control equipment and systems, and sells air conditioning and household appliance. Senshu develops, sells and consults computer information and telecommunication systems.

Wakita & Co., LTD. is a manufacturing and trading firm primarily handling construction and civil engineering equipment.  The Company also handles imported construction materials, industrial and commercial facilities, and audio-visual equipment.  Wakita leases construction machinery as well.

China National Complete Plant Import & Export Corp., Ltd. imports and exports industrial equipment and technologies, trades general merchandise, and invests in overseas operations.

China National Complete Import & Export (000151 CH)

CITIC Resources Holdings Limited, through its subsidiaries, operates the Portland Aluminum Smelter and sells aluminum finished products. The Company also imports and exports commodities. In addition, Citic Resources operates coal mining and exploration business.

Ideal United Bintang Berhad is an investment holding company which trades in heavy equipment and spare parts. The Company, through its subsidiaries, trades and leases heavy machinery.

Ace Pillar Co., Ltd. distributes inverters, industrial automation and control systems, and other related products.

Hong Kong ChaoShang Group Limited operates an investment holding company. The Company, through its subsidiaries, operates vessel chartering, trading, money lending, factoring, and finance leasing business. Hong Kong ChaoShang Group provides services in Hong Kong.

Titan Machinery, Inc. owns and operates full service agricultural and construction equipment stores US and Europe. The Company sells, rents, and services Case/ New Holland agricultural and construction equipment as well as parts.

SIG plc distributes specialty building products. The Company provides thermal insulation, exterior roofing products, ceilings, partitionings, dry lining, floor coverings, glass and specialist door systems, and a wide range of related products. SIG offers its products to the construction industry primarily in Europe.

PT Hexindo Adiperkasa Tbk distributes heavy equipment and provides after sales, rental recondition, and maintenance services.  The Company is a multiline distributor of Hitachi, John Deere, and Bell products.

Orient Group Incorporation principally engages in planting, processing, marketing, distributing, purchasing, and selling cereals and oil in China. It is also involved in developing, mining, and processing gold, silver, and other mineral resources and the retail and sale of home building materials.

Guangdong Mingzhu Group Co., Ltd. manufactures a variety of ball valves and transmissions for the chemical, petrochemical, and pharmaceutical industries, as well as operates smelteries.  The Company, through its subsidiaries, produces medicines and alcohol products, provides construction installation services, and trades merchandises.

Guangdong Mingzhu Group Co, Ltd. (600382 CH)

Mitsui Matsushima Co., Ltd. sells coal primarily in the Kyushu region.  The Company also produces construction machinery, cement, and building materials. Mitsui Matsushima operates supermarkets and real estate business as well.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Mitsui Matsushima (1518 JP)

JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up

Mitsui Matsushima today announced that it had agreed to sell its rights to the residual Liddell Mine asset with provision. That is a boost to BVPS...

Travis Lundy

Last Week in Event SPACE: Mitsui Matsushima, China Merchants,Kansai Paint, Teijin, Sciclone Pharma

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

JAPAN ACTIVISM: Murakami-Père Ran Up Mitsui Matsushima (1518 JP), Now Murakami-Fille Selling Down

The trading pattern is a trifle unsettling. Activist Murakami-san's daughter bought 9% of Mitsui Matsushima, then the group cos bought 20%. Now...

Travis Lundy

JAPAN ACTIVISM: Murakami Now 29% of Mitsui Matsushima. Activism? Or Effort to Make Murakami Listco

2 days ago I wrote up the situation with a low-conviction bearish tilt. Since then, Murakami-san has reported a 9% increased stake. No more pump...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JAPAN ACTIVISM: Murakami Target Mitsui Matsushima Cleans Up

Mitsui Matsushima today announced that it had agreed to sell its rights to the residual Liddell Mine asset with provision. That is a boost to BVPS...

Travis Lundy

Last Week in Event SPACE: Mitsui Matsushima, China Merchants,Kansai Paint, Teijin, Sciclone Pharma

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

JAPAN ACTIVISM: Murakami-Père Ran Up Mitsui Matsushima (1518 JP), Now Murakami-Fille Selling Down

The trading pattern is a trifle unsettling. Activist Murakami-san's daughter bought 9% of Mitsui Matsushima, then the group cos bought 20%. Now...

Travis Lundy

JAPAN ACTIVISM: Murakami Now 29% of Mitsui Matsushima. Activism? Or Effort to Make Murakami Listco

2 days ago I wrote up the situation with a low-conviction bearish tilt. Since then, Murakami-san has reported a 9% increased stake. No more pump...

Travis Lundy

JAPAN ACTIVISM: Murakami-Related Buyers Go from 5% to 20% of Mitsui Matsushima (1518) In 5 Days. Hmm

Murakami-san's "grouping" crept to 4.98% in holdco Mitsui Matsushima over 5wks, then launched to 20% in 5 days. The stock is up big. Actual exit...

Travis Lundy