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

Quiddity Advisors

Event-Driven

<ul>
<li>Late last week, machine tool and press maker <a href="https://www.smartkarma.com/entities/aida-engineering-ltd" target="_blank" data-smartkarma-citation="entities:8350:1" rel="noopener">Aida Engineering (6118 JP)</a> made an <a href="https://www.aida.co.jp/en/news/Notice%20of%20Repurchase%20and%20Cancellation%20of%20Treasury%20Stock.pdf" target="_blank" rel="noopener">announcement</a> of a share buyback. Up to 2.3mm shs (3.59%) spending up to ¥2bn.</li>
<li>The company has filed a policy for <em>"Action to Implement Management That is Conscious of Cost of Capital and Stock Price"</em> in its most recent CorpGov report available (J/E) <a href="https://www.smartkarma.com/insights/updated-tool-and-new-diff-file-generator-for-tse-mgmt-conscious-of-capital-cost-stock-price" target="_blank" rel="noopener">here</a>. </li>
<li>It will be a little smaller than that, but it is worth taking a closer look at the details, etc.</li>
</ul>


Late last week, machine tool and press maker Aida Engineering (6118 JP) made an announcement of a share buyback. Up to 2.3mm shs (3.59%) spending up to ¥2bn.
The company has filed a policy for "Action to Implement Management That is Conscious of Cost of Capital and Stock Price" in its most recent CorpGov report available (J/E) here. 
It will be a little smaller than that, but it is worth taking a closer look at the details, etc.


Aida Engineering (6118) Buyback - Not Big Enough, But Not Small; They Gotta Shrink E.