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

T&K TOKA (4636 JP): Bletcherous Bain Bump Doesn't Even Reach Blandiloquent - Another Offensive Deal

Second Go-Round Tender for T&K TOKA (4636) As Bain Wants It All At ¥1,400/Share

T&K TOKA (4636) Gets More Interesting - A Bump Is Now A Distinct Possibility

T&K TOKA (4636 JP): Imminent TOB Launch? Imminent Bump Needed?

Quiddity Advisors

Event-Driven

<ul>
<li>In August when Bain announced that it would launch a Tender Offer for <a href="https://www.smartkarma.com/entities/t-k-toka-co-ltd" target="_blank" data-smartkarma-citation="entities:18678:1" rel="noopener">T&amp;K Toka Co Ltd (4636 JP)</a> I suggested in <a href="https://www.smartkarma.com/insights/second-go-round-tender-for-t-k-toka-4636-as-bain-wants-it-all-at-1-400-share" target="_blank" rel="noopener">my first piece</a> it was the wrong price. </li>
<li>I suggested it needed another ¥1,000 added onto the price. If the ¥1,300 price Dalton initially indicated seemed low to T&amp;K TOKA, another ¥100 doesn't seem right.</li>
<li>It took time. Now it looks like a tender offer launch is imminent. The stock has traded through terms for almost 5 months, but not by a lot.</li>
</ul>


In August when Bain announced that it would launch a Tender Offer for T&amp;K Toka Co Ltd (4636 JP) I suggested in my first piece it was the wrong price. 
I suggested it needed another ¥1,000 added onto the price. If the ¥1,300 price Dalton initially indicated seemed low to T&amp;K TOKA, another ¥100 doesn't seem right.
It took time. Now it looks like a tender offer launch is imminent. The stock has traded through terms for almost 5 months, but not by a lot.


T&K TOKA (4636 JP): Expect ANOTHER Blandiloquent But Bletcherous Bump From Bain