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

Tatsuta Electric (5809 JP) Crunch Time = Bump Time?

ENEOS Launches Tatsuta Elec (5809) "Minority" Takeout at Same Price as 18mos Ago

ENEOS Extends Tatsuta Electric (5809) Tender Offer Means They Don't Have The Shares

Quiddity Advisors

Event-Driven

Tatsuta Electric Wire & Cable / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eneos-holdings-inc" target="_blank" data-smartkarma-citation="entities:638:1" rel="noopener">ENEOS Holdings (5020 JP)</a> and subsidiary JX Nippon Mining &amp; Metals Corporation announced today it would buy out minorities in miner and refiner <a href="https://www.smartkarma.com/entities/tatsuta-elec-wire-cable" target="_blank" data-smartkarma-citation="entities:12509:1" rel="noopener">Tatsuta Elec Wire &amp; Cable (5809 JP)</a>. </li>
<li>The Tender Offer comes at a 74% premium for their 37% sub. 5% off a 2yr high, 10% off a 20-year high. This is likely to be a "done deal". </li>
<li>JX probably starts with ~55% in the bag out of the 66.7% minimum. But the tender doesn't start for ~ 6 months. Separately, importantly, there is a precedent here.</li>
</ul>



ENEOS Holdings (5020 JP) and subsidiary JX Nippon Mining &amp; Metals Corporation announced today it would buy out minorities in miner and refiner Tatsuta Elec Wire &amp; Cable (5809 JP). 
The Tender Offer comes at a 74% premium for their 37% sub. 5% off a 2yr high, 10% off a 20-year high. This is likely to be a "done deal". 
JX probably starts with ~55% in the bag out of the 66.7% minimum. But the tender doesn't start for ~ 6 months. Separately, importantly, there is a precedent here.


ENEOS to Buy Out Tatsuta Electric (5809) At 74% Premium