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

The Amended FamilyMart Document Is A MUST READ For Investor-Stewards

FamilyMart Tender Offer - Winnie and HunnyPot Redux

Quiddity Advisors

Event-Driven

Today, a relatively little-known (to foreigners) satellite broadcasting channel company called <a href="https://www.smartkarma.com/entities/nippon-bs-broadcasting-corp" target="_blank" data-smartkarma-citation="entities:8800:1" rel="noopener">Nippon BS Broadcasting (9414 JP)</a> (familiarly known as "BS11") announced its <a href="https://data.swcms.net/file/bs11/ir/irnews/auto_20211005407094/pdfFile.pdf" target="_blank" rel="noopener">FY results</a> (FY-end is 31 August), with a 27-page  <a href="https://corp.bs11.jp/ir/library/presentation/main/0/teaserItems1/02/linkList/0/link/hosokusetumeisiryou%20202108.pdf" target="_blank" rel="noopener">presentation</a>, <a href="https://data.swcms.net/file/bs11/ir/irnews/auto_20211005407085/pdfFile.pdf" target="_blank" rel="noopener">announced</a> a change in COO as the current COO becomes CEO on 17 November upon the AGM.The company also <a href="https://data.swcms.net/file/bs11/ir/irnews/auto_20211006407666/pdfFile.pdf" target="_blank" rel="noopener">announced</a> (again, Japanese-only) that a shareholder (becoming better-known US-based Japan activism gadfly RMB Japan Opportunities Fund LP) had put forth a shareholder proposal for the upcoming AGM, and the directors have come out against it. There are times when shareholder proposals are crazy. There are some where they may be ill-advised (either in the time spent on the tilt which will go nowhere, or in the idea that the proposal is so egregiously substantive that more study would be needed than could be afforded in the short period to the next vote. This proposal, however, is not one of those. And the answer is... well.... BS.

Today, a relatively little-known (to foreigners) satellite broadcasting channel company called Nippon BS Broadcasting (9414 JP) (familiarly known as "BS11") announced its FY results (FY-end is 31 August), with a 27-page  presentation, announced a change in COO as the current COO becomes CEO on 17 November upon the AGM.The company also announced (again, Japanese-only) that a shareholder (becoming better-known US-based Japan activism gadfly RMB Japan Opportunities Fund LP) had put forth a shareholder proposal for the upcoming AGM, and the directors have come out against it. There are times when shareholder proposals are crazy. There are some where they may be ill-advised (either in the time spent on the tilt which will go nowhere, or in the idea that the proposal is so egregiously substantive that more study would be needed than could be afforded in the short period to the next vote. This proposal, however, is not one of those. And the answer is... well.... BS.

What Is BS Governance? That Is BS Governance!