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

Houlihan Lokey To Take Out GCA :  Light But Likely Done

Quiddity Advisors

Event-Driven

<p>In <a href="https://www.smartkarma.com/insights/houlihan-lokey-to-take-out-gca-light-but-likely-done" target="_blank" data-smartkarma-citation="insights:55490" rel="noopener">Houlihan Lokey To Take Out GCA :  Light But Likely Done</a> I suggested that the price for the investment bank/consultant was light, but that the tender offer at ¥1,380/share would most likely get done. </p><div class="content-highlight"><p>Today, Houlihan Lokey <a href="https://ssl4.eir-parts.net/doc/2174/ir_material3/168782/00.pdf" target="_blank" rel="noopener">bumped the Tender Offer Price</a>. </p></div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/228/851/original/Screenshot+2021-09-09+at+2.46.44+PM.png?1631170030" class="editor-image img-responsive" data-smartkarma-image-id="228851"></figure></section><div class="content-highlight"><p>By ¥18/share - 1.30435% - from ¥1,380/share to ¥1,398/share.</p></div><p>Don't spend it all in one place ladies and gents.</p><p>It was not clear that Houlihan Lokey <em>needed</em> to bump. The price hadn't cleared the Tender Offer Price since announcement. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/228/865/original/Screenshot+2021-09-09+at+3.05.10+PM.png?1631171145" class="editor-image img-responsive" data-smartkarma-image-id="228865"></figure></section><p></p><p>More below the fold.</p>

In Houlihan Lokey To Take Out GCA :  Light But Likely Done I suggested that the price for the investment bank/consultant was light, but that the tender offer at ¥1,380/share would most likely get done. Today, Houlihan Lokey bumped the Tender Offer Price. By ¥18/share - 1.30435% - from ¥1,380/share to ¥1,398/share.Don't spend it all in one place ladies and gents.It was not clear that Houlihan Lokey needed to bump. The price hadn't cleared the Tender Offer Price since announcement. More below the fold.

Houlihan Lokey Bumps the GCA Offer - A Whopping 1.3%!!!

GCA Corporation

Houlihan Lokey Bumps the GCA Offer - A Whopping 1.3%!!!