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

Shinko Electric (6967) Takeover:  Initial Break/Gap Risk Analysis

Shinko Electric (6967) Takeover:  Changing Break/Gap Risk as Comps Gain

JSR (4185) - Very Juicy Arb Return At Expected Timeline

Shinko Electric (6967) Update - MitCorp In The Mix?

Shinko Electric (6967) - Waiting for a Package

JIC Consortium Possibly In Line to Win Shinko At "¥800bn", Which Makes You Go 🤔...

Quiddity Advisors

Event-Driven

Shinko Electric Industries / Event-Driven

<ul>
<li>29 minutes after I published a long, musing piece on the possibilities of structure and announcement later this week, JIC and Shinko Electric announced 5 minutes before midnight.</li>
<li>A warning for the future: <em>The Nikkei and every other media outlet got the number wrong.</em> It is NOT a total acquisition cost of "around ¥800bn". It is under ¥700bn. </li>
<li>It IS a split deal. And if JIC won with that price, it tells you something about the state of the market and future deals in the space.</li>
</ul>


29 minutes after I published a long, musing piece on the possibilities of structure and announcement later this week, JIC and Shinko Electric announced 5 minutes before midnight.
A warning for the future: The Nikkei and every other media outlet got the number wrong. It is NOT a total acquisition cost of "around ¥800bn". It is under ¥700bn. 
It IS a split deal. And if JIC won with that price, it tells you something about the state of the market and future deals in the space.


JIC Deal For Shinko Electric Is LIGHT, and There's Room To Complain, But Will Trade Wide