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

Nippon Paint (4612) Secondary Pricing Approaches - Cheaper But...

Nippon Paint: Wuthelam Swaps Income for Control: 5 to 59 in 15.

Quiddity Advisors

Event-Driven

<ul>
<li>When Wuthelam took control of Asia's largest coatings business, <a href="https://www.smartkarma.com/entities/nippon-paint-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:7387:1" rel="noopener">Nippon Paint Holdings (4612 JP)</a>, in August 2020, I was bearish. It was great for the Goh family but minorities lost.</li>
<li>At the time, I said "Float is low", and "There are cross-holders who don't need to be there. This would be a very good sell for them. "</li>
<li>17 months later, 6 financial institutions will now sell their cross-holdings. There is float impact and some immediate index impact. </li>
</ul>


When Wuthelam took control of Asia's largest coatings business, Nippon Paint Holdings (4612 JP), in August 2020, I was bearish. It was great for the Goh family but minorities lost.
At the time, I said "Float is low", and "There are cross-holders who don't need to be there. This would be a very good sell for them. "
17 months later, 6 financial institutions will now sell their cross-holdings. There is float impact and some immediate index impact. 


Nippon Paint (4612) - A BIG Secondary Which Is a Tough Sell, with Variable Index Implications