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

Good Morning Japan |SPX Holds After Brutal Week; Solid Durable Goods; Japan Post $9bn X-Share Unwind

Japan Post Bank (7182 JP) ¥70bn ToSTNeT-3 Buyback

The March BOJ Meeting, April Handover, the Japan Post Bank (7182) Offering, and Follow-On

Japan Post Holdings To Effectively "Re-IPO" Japan Post Bank (7182 JP)

Gravity Works As WeWork Doesn't; Now Plan B

Japan Post Bank - Unrealized Gains Down 95%

Quiddity Advisors

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/japan-post-bank-co-ltd" target="_blank" data-smartkarma-citation="entities:838:1" rel="noopener">Japan Post Bank (7182 JP)</a> has announced the mooted offering by <a href="https://www.smartkarma.com/entities/japan-post-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:359:1" rel="noopener">Japan Post Holdings (6178 JP)</a> whereby they will sell 29% of the bank to go from 89% to 60%.</li>
<li>There are two buybacks - one pre offering and one after - which is an attempt to mitigate impact. This creates interesting but complicated strategy possibilities. Lots of details here.</li>
<li>Big picture, this is a Very Big Offering at ¥1.236trln at today's close including greenshoe. 80/20 dom/international. A TOUGH sell. 1.089bn shares is 4x current float. </li>
</ul>



Japan Post Bank (7182 JP) has announced the mooted offering by Japan Post Holdings (6178 JP) whereby they will sell 29% of the bank to go from 89% to 60%.
There are two buybacks - one pre offering and one after - which is an attempt to mitigate impact. This creates interesting but complicated strategy possibilities. Lots of details here.
Big picture, this is a Very Big Offering at ¥1.236trln at today's close including greenshoe. 80/20 dom/international. A TOUGH sell. 1.089bn shares is 4x current float. 


Japan Post Bank (7182 JP) Announces Its Re-IPO - Big Offering, Complicated but Big Index Flows