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>Smallcap semiconductor/component/design/assembly service trading house <a href="https://www.smartkarma.com/entities/shinko-shoji-co-ltd" target="_blank" data-smartkarma-citation="entities:2322:1" rel="noopener">Shinko Shoji (8141 JP)</a> has been buying back stock. It cancelled 20% of shares out last year. Today it buys back nearly 7%. </li>
<li>The question is, who sells. What one might want to do may depend on who sells. And we will know that in 1-5 days. </li>
<li>The stock itself trades at less than net current assets. The entire market cap and indeed equity is its funding of inventory and net receivables. It's cheap. </li>
</ul>


Smallcap semiconductor/component/design/assembly service trading house Shinko Shoji (8141 JP) has been buying back stock. It cancelled 20% of shares out last year. Today it buys back nearly 7%. 
The question is, who sells. What one might want to do may depend on who sells. And we will know that in 1-5 days. 
The stock itself trades at less than net current assets. The entire market cap and indeed equity is its funding of inventory and net receivables. It's cheap. 


Shinko Shoji (8141) Buyback - Possibly An Interesting Development