Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Tyro Payments Rejects Potentia's Proposal. MCB Accepts

Tyro Payments IPO - Probably Fairly Valued at the High-End but There Is Still the Banking Wild Card

Quiddity Advisors

Event-Driven

<ul>
<li>Potentia has increased its indicative proposal for <strong><a href="https://www.smartkarma.com/entities/tyro-payments-ltd" target="_blank" data-smartkarma-citation="entities:28393:1" rel="noopener">Tyro Payments (TYR AU)</a></strong> to A$1.60/share from A$1.27/share. Grok, holding 12.5% of shares out, remains supportive.</li>
<li>However, Tyro's board believes the revised terms remain below what is considered fair, and has ceased all discussions.</li>
<li>Separately, Westpac has decided not to submit an Offer. After conducting due diligence. Shares are down 19.5% as I type.</li>
</ul>


Potentia has increased its indicative proposal for Tyro Payments (TYR AU) to A$1.60/share from A$1.27/share. Grok, holding 12.5% of shares out, remains supportive.
However, Tyro's board believes the revised terms remain below what is considered fair, and has ceased all discussions.
Separately, Westpac has decided not to submit an Offer. After conducting due diligence. Shares are down 19.5% as I type.


Tyro Payments

Potentia Bumps But Tyro Shuts Down Talks