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

OZ Minerals May Be Narrowing the Price Gap to a BHP Deal

OZ Minerals - Circumstances May Merit a Revised Tilt

OZ Minerals - Circumstances Apparently Do NOT Merit a Revised Tilt

S&P/​​​​​​ASX Quiddity Leaderboard Sep 2022: Potential ADDs Could Outperform Potential DELs

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

FTSE TWSE Taiwan Dividend+ Index: A Rare Gem for Index Rebal Trades

Quiddity Advisors

Event-Driven

<ul>
<li>Early 8 August, <a href="https://www.smartkarma.com/entities/oz-minerals-ltd" target="_blank" data-smartkarma-citation="entities:1138:1" rel="noopener">OZ Minerals Ltd (OZL AU)</a> announced it had rejected <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a>'s  indicative acquisition proposal at A$25.00/share, after BHP had bought less than 5%.</li>
<li>The Board took a quick look over the weekend and decided "the Indicative Proposal significantly undervalues OZ Minerals" and rejected it out of hand. </li>
<li>It has been an obvious deal for years. This may not be BHP's last go, but they will probably need to pay more like A$30/share to get it. </li>
</ul>


Early 8 August, OZ Minerals Ltd (OZL AU) announced it had rejected BHP Group Ltd (BHP AU)'s  indicative acquisition proposal at A$25.00/share, after BHP had bought less than 5%.
The Board took a quick look over the weekend and decided "the Indicative Proposal significantly undervalues OZ Minerals" and rejected it out of hand. 
It has been an obvious deal for years. This may not be BHP's last go, but they will probably need to pay more like A$30/share to get it. 


Oz Minerals Rejects BHP's Opportunistic Foray - Expect More