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/ferrotec-corp" target="_blank" data-smartkarma-citation="entities:4950:1" rel="noopener">Ferrotec Corp (6890 JP)</a> on Friday announced a takeover for subsidiary <a href="https://www.smartkarma.com/entities/ohizumi-mfg-co-ltd" target="_blank" data-smartkarma-citation="entities:3391:1" rel="noopener">Ohizumi Mfg (6618 JP)</a> on Friday. There will be synergies and growth and corporate value increase. </li>
<li>The takeover price is not overly high, and includes no measure of synergies - not even the DCF value of delisting the company (no listing/filing/IR/legal fees/costs). </li>
<li>I think this gets done. It is too closely held, there are few foreigners in it, and it's not large enough for an activist to care.</li>
</ul>



Ferrotec Corp (6890 JP) on Friday announced a takeover for subsidiary Ohizumi Mfg (6618 JP) on Friday. There will be synergies and growth and corporate value increase. 
The takeover price is not overly high, and includes no measure of synergies - not even the DCF value of delisting the company (no listing/filing/IR/legal fees/costs). 
I think this gets done. It is too closely held, there are few foreigners in it, and it's not large enough for an activist to care.


Oizumi Mfg (6618) Gets Takeout from Parent Ferrotec (6890) - Probably Cheap, Disappointing Process