Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

On the 29 March, Mortgage broker <a href="https://www.smartkarma.com/entities/mortgage-choice-ltd" target="_blank" data-smartkarma-citation="entities:10936:1" rel="noopener">Mortgage Choice (MOC AU)</a> <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02358216-2A1289623?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">announced</a> it had entered into a Scheme Implementation Agreement with <a href="https://www.smartkarma.com/entities/rea-group-ltd" target="_blank" data-smartkarma-citation="entities:699:1" rel="noopener">REA Group Ltd (REA AU)</a>.
The Offer consideration of $1.95/share is a 66% premium to last close. An interim dividend of A$0.04/share announced on the 18 February and to be paid on the 15 April will also be added. The ex-date was the <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02342822-2A1281136?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">25 February</a>.
MOC's directors unanimously recommend the Scheme. In addition, directors holding an aggregate of 12.7% out have confirmed they will vote in favour of the Scheme. 
Save for standard Scheme conditions and FIRB approval, the Scheme is not subject to due diligence or financing conditions.
This looks like a done deal.
More below the fold.

On the 29 March, Mortgage broker Mortgage Choice (MOC AU) announced it had entered into a Scheme Implementation Agreement with REA Group Ltd (REA AU).
The Offer consideration of $1.95/share is a 66% premium to last close. An interim dividend of A$0.04/share announced on the 18 February and to be paid on the 15 April will also be added. The ex-date was the 25 February.
MOC's directors unanimously recommend the Scheme. In addition, directors holding an aggregate of 12.7% out have confirmed they will vote in favour of the Scheme. 
Save for standard Scheme conditions and FIRB approval, the Scheme is not subject to due diligence or financing conditions.
This looks like a done deal.
More below the fold. 

Mortgage Choice (MOC AU): REA's Scheme Offer