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

Japan Weekly | Money Forward, Advantest Top Performers

Shidax Outlook May Change - Better Governance Matters

Oisix-Shida Stoush with SHiDAX Suggests Strong but Subtle Strategy

Shidax (4837) - Nikkei Scoops MBO (Anncmt Post-Close), Family Wants to Buy at ¥800 Which Is Too Low

Quiddity Advisors

Event-Driven

<ul>
<li>Shidax had a Good Governance Moment last year. The stock is up 40-odd% since last year's GGM, but now the Board, so good last year, has tripped up. </li>
<li>The family and main shareholder - part of last year's GGM - have decided to bully the Board into accepting an MBO at the wrong price. </li>
<li>Management lowers forecasts without telling anyone. Bidders say "Synergies LaLaLa!" Board says "Ohh la la!" Nobody counts the synergies. Bidder buys at low multiple of newly lowered forecasts. Minorities Lose. </li>
</ul>


Shidax had a Good Governance Moment last year. The stock is up 40-odd% since last year's GGM, but now the Board, so good last year, has tripped up. 
The family and main shareholder - part of last year's GGM - have decided to bully the Board into accepting an MBO at the wrong price. 
Management lowers forecasts without telling anyone. Bidders say "Synergies LaLaLa!" Board says "Ohh la la!" Nobody counts the synergies. Bidder buys at low multiple of newly lowered forecasts. Minorities Lose. 


Shidax (4837) - Mgmt Lowers F'casts So Family Can MBO Minorities Cheap. Offensive Governance.

Shidax Corp

Shidax (4837) - Mgmt Lowers F'casts So Family Can MBO Minorities Cheap. Offensive Governance.