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

IJTT (7315 JP) - A Truly Offensive Takeover Price and Process To Buy Out Minorities at 0.46x Book

IJTT (7315 JP) - Truly Offensive Takeover Price Gets Bumped, Offensively

Quiddity Advisors

Event-Driven

<ul>
<li>Sparx on Friday announced a Tender Offer at 0.55x book and an EV of less than inventory (&lt;20% of revenue) for <a href="https://www.smartkarma.com/entities/snt-corp" target="_blank" data-smartkarma-citation="entities:3651:1" rel="noopener">Snt Corp (6319 JP)</a> - another metal <em>monozukuri</em> company.</li>
<li>Last year they did it on <a href="https://www.smartkarma.com/entities/ijtt-co-ltd" target="_blank" data-smartkarma-citation="entities:19461:1" rel="noopener">IJTT Co., Ltd. (7315 JP)</a>. That one got bumped. This one could too, but cross-holders own nearly 60%.  </li>
<li>This kind of company has skill-sets which may be portable but the product line is tied to old Japan. The takeover </li>
</ul>


Sparx on Friday announced a Tender Offer at 0.55x book and an EV of less than inventory (&lt;20% of revenue) for Snt Corp (6319 JP) - another metal monozukuri company.
Last year they did it on IJTT Co., Ltd. (7315 JP). That one got bumped. This one could too, but cross-holders own nearly 60%.  
This kind of company has skill-sets which may be portable but the product line is tied to old Japan. The takeover 


Sparx Launches Another Offensively Underpriced Takeover at a Fat Premium - SNT (6319) +94%