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

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nikkiso-co-ltd" target="_blank" data-smartkarma-citation="entities:6272:1" rel="noopener">Nikkiso Co Ltd (6376 JP)</a> announced an unusual buyback today. It is worth paying attention. </li>
<li>In March, Nikkiso announced the sale of a subsidiary to <a href="https://www.smartkarma.com/entities/atlas-copco-ab" target="_blank" data-smartkarma-citation="entities:22282:1" rel="noopener">Atlas Copco AB (ATCOA SS)</a>, noting the sale proceeds would used to pay down debt (Debt/EBITDA in high single digits).</li>
<li>The company today announced Q2 earnings, and a large buyback, which should be taken as a positive surprise given the debt load. </li>
</ul>



Nikkiso Co Ltd (6376 JP) announced an unusual buyback today. It is worth paying attention. 
In March, Nikkiso announced the sale of a subsidiary to Atlas Copco AB (ATCOA SS), noting the sale proceeds would used to pay down debt (Debt/EBITDA in high single digits).
The company today announced Q2 earnings, and a large buyback, which should be taken as a positive surprise given the debt load. 


Nikkiso (6376 JP) BIG Asset Sale Leads to Biggish Buyback