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

Big (Relatively Speaking) NEG (5214 JP) Buyback - Walking The Walk, Faster

BIG Nippon Electric Glass (5214) Buyback, Possibly Offset by Cross-Holder Selling

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close <a href="https://www.smartkarma.com/entities/stanley-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:1330:1" rel="noopener">Stanley Electric (6923 JP)</a> announced a salutary Q1 result which was "ahead of in-line" in most metrics towards unchanged H1 and FY guidance. </li>
<li>The company also announced a BIG on-market buyback at 8.1% of shares out, to be bought back with a delayed start over the 7.5mos starting 13 August.</li>
<li>At last price, the buyback is ~10mm shares. The details are interesting and are worth a look. </li>
</ul>


Today after the close Stanley Electric (6923 JP) announced a salutary Q1 result which was "ahead of in-line" in most metrics towards unchanged H1 and FY guidance. 
The company also announced a BIG on-market buyback at 8.1% of shares out, to be bought back with a delayed start over the 7.5mos starting 13 August.
At last price, the buyback is ~10mm shares. The details are interesting and are worth a look. 


Stanley Electric (6923) - Salutary Q1 and BIG Buyback