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>Global mining services business <a href="https://www.smartkarma.com/entities/perenti-global-ltd" target="_blank" data-smartkarma-citation="entities:20505:1" rel="noopener">Perenti Global (PRN AU)</a> was formed through the merger of Barminco and Ausdrill in late 2018.</li>
<li>Revenues to Dec 2021 are up 156% vs the year to June 2018. Gross profits are up 156% too. OP is up much less because D&amp;A are up dramatically.</li>
<li>But the company today announced capital management and rationalisation activities had delivered A$134.7mm. They've launched a buyback to repurchase 10% of shares. It's worth a look.</li>
</ul>


Global mining services business Perenti Global (PRN AU) was formed through the merger of Barminco and Ausdrill in late 2018.
Revenues to Dec 2021 are up 156% vs the year to June 2018. Gross profits are up 156% too. OP is up much less because D&amp;A are up dramatically.
But the company today announced capital management and rationalisation activities had delivered A$134.7mm. They've launched a buyback to repurchase 10% of shares. It's worth a look.


Perenti Recycling Cash with Big (Impactful) Buyback