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

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Quiddity Advisors

Event-Driven

On November 21st, <a href="https://www.smartkarma.com/entities/8412" target="_blank" data-smartkarma-citation="entities:8412:1">Infocom Corp (4348 JP)</a> <a href="http://www2.tse.or.jp/disc/43480/140120181121440082.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/43480/140120181121440082.pdf&amp;source=gmail&amp;ust=1543503062935000&amp;usg=AFQjCNFlZDxFSzqOJFC0VCEttkeTfjh1XA">announced</a> (J-only) that the TSE had approved its application to move from JASDAQ to the First Section of the TSE as of the 28th of November 2018.On July 30th, the company <a href="http://www2.tse.or.jp/disc/43480/140120180730487670.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/43480/140120180730487670.pdf&amp;source=gmail&amp;ust=1543503062935000&amp;usg=AFQjCNGirIkBZMXOF6DQFBI6Oo3c-mAwsA">indicated</a> it was preparing to meet the requirements for a TSE1 listing and subsequently <a href="http://www2.tse.or.jp/disc/43480/140120180820499042.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/43480/140120180820499042.pdf&amp;source=gmail&amp;ust=1543503062935000&amp;usg=AFQjCNEGumKHGGxgG6ZUHkU4tVW5wg8yRg">announced</a> on August 21st that it had formally made its application. The company did not conduct any public or <span id="m_2234688894115969212gmail-640" class="m_2234688894115969212gmail-gr_ m_2234688894115969212gmail-gr_640 m_2234688894115969212gmail-gr-alert m_2234688894115969212gmail-gr_spell m_2234688894115969212gmail-gr_inline_cards m_2234688894115969212gmail-gr_disable_anim_appear m_2234688894115969212gmail-ContextualSpelling">tachiaigai <span id="m_2234688894115969212gmail-638" class="m_2234688894115969212gmail-gr_ m_2234688894115969212gmail-gr_638 m_2234688894115969212gmail-gr-alert m_2234688894115969212gmail-gr_spell m_2234688894115969212gmail-gr_inline_cards m_2234688894115969212gmail-gr_disable_anim_appear m_2234688894115969212gmail-ContextualSpelling m_2234688894115969212gmail-ins-del m_2234688894115969212gmail-multiReplace">bunbai offerings, unlike many companies that usually do so in order to lift shareholder count above the TSE1 examination threshold.This is a reasonably "large small cap" company (¥122 bn market cap now) TOPIX inclusion. <span id="m_2234688894115969212gmail-m_5438784646738093379gmail-17" class="m_2234688894115969212gmail-m_5438784646738093379gmail-gr_ m_2234688894115969212gmail-m_5438784646738093379gmail-gr_17 m_2234688894115969212gmail-m_5438784646738093379gmail-gr-alert m_2234688894115969212gmail-m_5438784646738093379gmail-gr_gramm m_2234688894115969212gmail-m_5438784646738093379gmail-gr_inline_cards m_2234688894115969212gmail-m_5438784646738093379gmail-gr_disable_anim_appear m_2234688894115969212gmail-m_5438784646738093379gmail-Grammar m_2234688894115969212gmail-m_5438784646738093379gmail-only-ins m_2234688894115969212gmail-m_5438784646738093379gmail-doubleReplace m_2234688894115969212gmail-m_5438784646738093379gmail-replaceWithoutSep">The float is also fairly large in comparison to other recent TOPIX inclusions after transfer from JASDAQ.

On November 21st, Infocom Corp (4348 JP) announced (J-only) that the TSE had approved its application to move from JASDAQ to the First Section of the TSE as of the 28th of November 2018.On July 30th, the company indicated it was preparing to meet the requirements for a TSE1 listing and subsequently announced on August 21st that it had formally made its application. The company did not conduct any public or tachiaigai bunbai offerings, unlike many companies that usually do so in order to lift shareholder count above the TSE1 examination threshold.This is a reasonably "large small cap" company (¥122 bn market cap now) TOPIX inclusion. The float is also fairly large in comparison to other recent TOPIX inclusions after transfer from JASDAQ.

Infocom (4348 JP) TOPIX Inclusion - Larger Than You Think