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

Nishimatsu Construction (1820) About to Do Its Last Buyback for a While, and You Can't Participate!

Sanshin Electronics (8150 JP) BIG Buyback Tender - Not Designed For You

Quiddity Advisors

Event-Driven

<ul>
<li>Toa Corp (1885) is a niche infrastructure construction play with a decent growing business and a recent change in shareholder return policy. </li>
<li>They bought back back 6% of shares in 2019. Then launched another 6% buyback in 2021. And now have announced another 6% buyback for 2022.</li>
<li>The shareholder structure and the return profile bear closer investigation.</li>
</ul>


Toa Corp (1885) is a niche infrastructure construction play with a decent growing business and a recent change in shareholder return policy. 
They bought back back 6% of shares in 2019. Then launched another 6% buyback in 2021. And now have announced another 6% buyback for 2022.
The shareholder structure and the return profile bear closer investigation.


Toa Corp (1885 JP) - Another Big Buyback for a Murakami Company