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

TOC's BIGLY Buyback Makes It a Takeout Target

Another Semi-BIGLY Buyback at TOC: STILL an MBO Candidate

Quiddity Advisors

Event-Driven

Real estate company, fitness club impresario, and operator of laundry and linen supply <a href="https://www.smartkarma.com/entities/12698" target="_blank" data-smartkarma-citation="entities:12698:1">Toc Co Ltd (8841 JP)</a> today announced a large ToSTNeT-3 buyback to take place tomorrow morning at ¥920/share.The buyback is for up to 20 million shares, with the company spending up to ¥18.4bn if indeed that many shares show up for sale. For a company with a market cap (ex-existing treasury shares) of some ¥108 billion, this is a VERY BIGLY BUYBACK. It is 16.38% of the 122.08 million shares outstanding…

Real estate company, fitness club impresario, and operator of laundry and linen supply Toc Co Ltd (8841 JP) today announced a large ToSTNeT-3 buyback to take place tomorrow morning at ¥920/share.The buyback is for up to 20 million shares, with the company spending up to ¥18.4bn if indeed that many shares show up for sale. For a company with a market cap (ex-existing treasury shares) of some ¥108 billion, this is a VERY BIGLY BUYBACK. It is 16.38% of the 122.08 million shares outstanding…

Toc Co Ltd

TOC's (8841 JP) BIGLY Buyback