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

JAPAN GOVERNANCE CHANGES II - Who Could Surprise on Buybacks? Quant Rankings

JAPAN GOVERNANCE CHANGES III:  New Return Policy at Seikitokyu (1898) - To Be Copied Elsewhere?

JAPAN BUYBACKS - Alfresa (2784) Cheap Stock, Uncheapening, Goes Big

Kansai Paint (4613 JP) Secondary Offering & Buyback and All the Subsequent Flows

Kansai Paint (4613) - Huge Buyback Launched

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, <a href="https://www.smartkarma.com/entities/kansai-paint-co-ltd" target="_blank" data-smartkarma-citation="entities:13340:1" rel="noopener">Kansai Paint (4613 JP)</a> announced <a href="https://ssl4.eir-parts.net/doc/4613/tdnet/2268229/00.pdf" target="_blank" rel="noopener">it would sell 3 investment securities</a> in the current quarter and would book a gain of "around ¥30bn."</li>
<li>As discussed in <a href="https://www.smartkarma.com/insights/kansai-paint-4613-jp-secondary-offering-buyback-and-all-the-subsequent-flows" target="_blank" data-smartkarma-citation="insights:96777" rel="noopener">Kansai Paint (4613 JP) Secondary Offering &amp; Buyback and All the Subsequent Flows</a>, Toyota's sale of KP shares meant KP could sell Toyota shares. Now they will.</li>
<li>This is a set-up to another buyback, eventually to unwind more in-bound cross-holdings and to raise ROE. </li>
</ul>


Today after the close, Kansai Paint (4613 JP) announced it would sell 3 investment securities in the current quarter and would book a gain of "around ¥30bn."
As discussed in Kansai Paint (4613 JP) Secondary Offering &amp; Buyback and All the Subsequent Flows, Toyota's sale of KP shares meant KP could sell Toyota shares. Now they will.
This is a set-up to another buyback, eventually to unwind more in-bound cross-holdings and to raise ROE. 


Kansai Paint (4613) Announces Large Sale of Cross-Holdings - Buyback Here We Come