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

StubWorld: Swire Shedding Property Amidst Leasing Funk

StubWorld: Swire's All-Time Low Stub, But ..

Swire (19 HK) Trading Cheap. Heading Cheaper On Cathay Woes

StubWorld: Respite For Swire's Bs Amidst Cathay's Hard Landing

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/entities/swire-pacific-ltd-cl-a" target="_blank" data-smartkarma-citation="entities:10433:1" rel="noopener">Swire Pacific (A) (19 HK)</a> has <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1008/2020100800907.pdf" target="_blank" rel="noopener">announced</a> it intends to list its wholly-owned <a href="https://www.swireblueocean.com/en/activities/what-we-do/" target="_blank" rel="noopener">Swire Blue Ocean A/S</a> (to be renamed Cadeler A/S) on the Oslo Stock Exchange.
Cadeler’s principal business is the "installation of wind turbines and foundations for offshore windfarms and the provision of operation and maintenance services, accommodation, met mast installation and removal and decommissioning services to the offshore windfarm industry in northern European waters".
Swire intends to remain a significant shareholder in Cadeler following completion of the proposed spin-off.
What would be the market cap for Cadeler? It currently operates two windfarm installation vessels. My back of the napkin calculations suggests a market cap upwards of US$250mn. This is not a material transaction.
As always, more below the fold.

Swire Pacific (A) (19 HK) has announced it intends to list its wholly-owned Swire Blue Ocean A/S (to be renamed Cadeler A/S) on the Oslo Stock Exchange.
Cadeler’s principal business is the "installation of wind turbines and foundations for offshore windfarms and the provision of operation and maintenance services, accommodation, met mast installation and removal and decommissioning services to the offshore windfarm industry in northern European waters".
Swire intends to remain a significant shareholder in Cadeler following completion of the proposed spin-off.
What would be the market cap for Cadeler? It currently operates two windfarm installation vessels. My back of the napkin calculations suggests a market cap upwards of US$250mn. This is not a material transaction.
As always, more below the fold.

Swire Pacific: Oslo Spin-Off For Windfarm Installation Ops