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

Quiddity Advisors

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zensho-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:4586:1" rel="noopener">Zensho Holdings (7550 JP)</a> has had a great couple of years in share price movement. And this year is seeing earnings explode to new highs. M&amp;A and FX.</li>
<li>Now they want to build a "war chest" equivalent to 4% of market cap to go do more M&amp;A. </li>
<li>This seems opportunistic. And the shareholder register is extraordinarily lopsided. There is really only one buyer for this deal.</li>
</ul>



Zensho Holdings (7550 JP) has had a great couple of years in share price movement. And this year is seeing earnings explode to new highs. M&amp;A and FX.
Now they want to build a "war chest" equivalent to 4% of market cap to go do more M&amp;A. 
This seems opportunistic. And the shareholder register is extraordinarily lopsided. There is really only one buyer for this deal.


Zensho Holdings (7550) - ¥50bn Offering Is Not Meant For You