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

Toshiba Board in Disarray! Likely Need ANOTHER EGM

Toshiba ToSTNeT-3 Buyback For All The Marbles, and 🐓s

Toshiba's 2020 AGM Investigative Report Is Damning

With Directors Under Fire, Toshiba Axes Two, May Need Another EGM

How Much of Toshiba Is Owned By "Activists"?

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Event-Driven

In January I asked the question because it pertained to how the EGM might come out.After that, we saw a TOPIX inclusion for something close to 45,000,000 shares or nearly 10% of shares outstanding. The data we had suggested the outcome below.We could pro-forma the Pension Trusts and Investment Trusts, but the swing of 9.9% had to come from somewhere. <section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/215/067/original/Screenshot+2021-06-24+at+5.23.23+PM.png?1624526759" class="editor-image img-responsive" data-smartkarma-image-id="215067"></figure></section>And that was important because it meant we could figure out who had the voting rights for tomorrow's AGM. <div class="content-highlight">Today we know who sold. </div>And that may give you something of an idea of how the AGM might go (and as I noted back in January, Toshiba's management and board was likely to know that voting split a couple of months ahead of you). More below the fold.<hr>Recent insights into the Toshiba situation include the following:<ul>
<li><a href="https://www.smartkarma.com/insights/toshiba-the-king-is-dead-long-live-the-king" target="_blank" data-smartkarma-citation="insights:50309" rel="noopener">Toshiba - The King Is Dead, Long Live the King</a></li>
<li><a href="https://www.smartkarma.com/insights/how-much-of-toshiba-is-owned-by-activists" target="_blank" data-smartkarma-citation="insights:50462" rel="noopener">How Much of Toshiba Is Owned By "Activists"?</a> </li>
<li><a href="https://www.smartkarma.com/insights/toshiba-results-shareholder-return-possibly-big-impact-buyback-coming" target="_blank" data-smartkarma-citation="insights:51517" rel="noopener">Toshiba Results &amp; Shareholder Return - Possibly Big Impact Buyback Coming</a> </li>
<li><a href="https://www.smartkarma.com/insights/toshiba-shareholder-return-a-little-of-this-a-little-of-that-but-sticky-and-accretive" target="_blank" data-smartkarma-citation="insights:52637" rel="noopener">Toshiba Shareholder Return - A Little of This, A Little of That, But Sticky and Accretive</a> </li>
<li><a href="https://www.smartkarma.com/insights/toshiba-s-2020-agm-investigative-report-is-damning" target="_blank" data-smartkarma-citation="insights:52868" rel="noopener">Toshiba's 2020 AGM Investigative Report Is Damning</a> </li>
<li><a href="https://www.smartkarma.com/insights/with-directors-under-fire-toshiba-axes-two-may-need-another-egm" target="_blank" data-smartkarma-citation="insights:52998" rel="noopener">With Directors Under Fire, Toshiba Axes Two, May Need Another EGM</a></li>
</ul>

In January I asked the question because it pertained to how the EGM might come out.After that, we saw a TOPIX inclusion for something close to 45,000,000 shares or nearly 10% of shares outstanding. The data we had suggested the outcome below.We could pro-forma the Pension Trusts and Investment Trusts, but the swing of 9.9% had to come from somewhere. And that was important because it meant we could figure out who had the voting rights for tomorrow's AGM. Today we know who sold. And that may give you something of an idea of how the AGM might go (and as I noted back in January, Toshiba's management and board was likely to know that voting split a couple of months ahead of you). More below the fold.Recent insights into the Toshiba situation include the following:
Toshiba - The King Is Dead, Long Live the King
How Much of Toshiba Is Owned By "Activists"? 
Toshiba Results &amp; Shareholder Return - Possibly Big Impact Buyback Coming 
Toshiba Shareholder Return - A Little of This, A Little of That, But Sticky and Accretive 
Toshiba's 2020 AGM Investigative Report Is Damning 
With Directors Under Fire, Toshiba Axes Two, May Need Another EGM


How Much of Toshiba Is Owned By "Activists"? The Answer

Toshiba Corp

How Much of Toshiba Is Owned By "Activists"? The Answer