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

Omron Partial Offer for JMDC (4483) - The Engagement Is On! This Is the Script, This Is the Timing

Ohayo Japan: Strong US Economy->High Rate Fears; JAPAN X: Keyence: High Productivity = High Salaries

JMDC (4483) Partial Offer Update (Updated Pro-Ration Range)

JMDC (4483 JP) - A Change of Ownership, and Future Path

Quiddity Advisors

Equity Capital Markets

<ul>
<li>In February 2022, <a href="https://www.smartkarma.com/entities/noritsu-koki-co-ltd" target="_blank" data-smartkarma-citation="entities:3091:1" rel="noopener">Noritsu Koki (7744 JP)</a> - longtime holder of <a href="https://www.smartkarma.com/entities/jmdc-inc" target="_blank" data-smartkarma-citation="entities:28673:1" rel="noopener">JMDC Inc (4483 JP)</a> - sold 2/3 of its holdings to Omron (6645). Omron made a US$1bn new bet.  </li>
<li>Shares fell after Q1 results, and then fell another 7% in 2 days after the company announced a primary offering for ¥22bn to international investors, ¥11bn to Omron. </li>
<li>High PER but Fundamental Forecasts are up-and-to-the-right, and there is a surprising amount of flow mitigation from passive investor activity the next 3 months.</li>
</ul>


In February 2022, Noritsu Koki (7744 JP) - longtime holder of JMDC Inc (4483 JP) - sold 2/3 of its holdings to Omron (6645). Omron made a US$1bn new bet.  
Shares fell after Q1 results, and then fell another 7% in 2 days after the company announced a primary offering for ¥22bn to international investors, ¥11bn to Omron. 
High PER but Fundamental Forecasts are up-and-to-the-right, and there is a surprising amount of flow mitigation from passive investor activity the next 3 months.


JMDC

JMDC Offering - Smaller Than It Looks